Bt Share Discussion Threads

[edmondj] 25/11/2022 10:40

Yes, new FTTP contracts are being ditched.

My upgrade now has no target date, am being retained on the previous superfast one.

If only it were possible to walk away from contracts, when it suits, as easily as BT does.

[backdoor grim] 25/11/2022 09:38

Post pay not looking good, 90p on the cards.


Hope that helps

Cheers Colonelgrim

[wendsworth] 24/11/2022 15:51

Post pay settlement share price will be GRIM for shorters. UP, UP & AWAY !!! 150p by 31/12?

[rathkum] 24/11/2022 14:19

BT Group still a 'buy' for Jefferies, with report Openreach cutbacks hitting fibre expansion 'misleading'

Jefferies has a 250p share price target on BT Group, with the stock currently trading at 125.45p



BT Group PLC (LSE:BT.A) is still a 'buy' for analysts at Jefferies who think that this morning's headline in the Financial Times (FT) that Openreach cutbacks are hitting the company's FTTP (Fibre To The Premises) expansion "is misleading".

The Jefferies' analysts noted that the FT suggests that Openreach is seeking to limit its investment in the FTTP roll-out. Specifically, it said Openreach has informed contractors that it will focus investment on completing roll-outs at partially-covered locations and will postpone roll-outs in new locations. Current FTTP coverage is 9mln premises and there is an additional 6mln backlog that is partially completed.

They said Openreach CEO Clive Selley is quoted as saying that what will be suspended is work on surveys and estimates for future work beyond this 15mln footprint, but he asserts that Openreach remains committed to the target of covering 25mln premises by December 2026.

At the half-year, BT guided that FTTP capex will be focused on provisioning customers onto the network. The company's management indicated that the FTTP footprint should increase by around 3.2mln premises in full-year 2023 (FY23) against a prior target of around 3.5mln, which would allow more resources to be directed at provisioning.

The analysts noted that BT disclosed that new FTTP orders came in at the rate of 44,000 per week during 2Q FY23, but that Openreach was only able to connect 25,000 per week. BT also asserted that FTTP coverage costs remain at the lower end of its target £250-£350 per premise range, in line with previous periods, with build rate still guided to accelerate, with the near-term focus on unwinding backlog.

They said: "Our impression from talking with BT is that a build rate of c.3.5mln premises is anticipated for FY24. This would take total coverage to c.14mln premises. To bridge from there to the 25mln target in Dec 2026, Openreach would need to accelerate build rate to c.4mln premises pa. This is the level it has previously described as peak run-rate."

The analysts said the question is how to square BT’s guidance of accelerating build rate with lower group capex from FY24. At the half year, BT raised group capex guidance for FY23 to £5.0bn from £4.8bn, arguing that a tax refund is being reinvested in FTTP.

The Jefferies analysts said: "We understand that the backlog of part-complete FTTP coverage has built up substantially as a result of this investment. From FY24, BT is guiding that group capex will revert to £4.8bn pa, but that FTTP capex will not be declining.

"To square this circle, BT argues that capex focused on Huawei swap out should cease from FY24 (c.£150mln y/y saving) and copper legacy capex is now falling at an accelerating rate (-26% y/y in 1H FY23, on a base of c. £500mln in FY22). On top of that, Openreach’s new FTTP coverage of c.3.5mln premises in FY24 should be heavily focused existing backlog."

The analysts concluded: "The capex question may be more pertinent in FY25, by which time today’s backlog will be largely connected, and FTTP build will be more focused on new footprint. We will be looking for BT to explain what other legacy items might be dropping out of the capex perimeter by FY25."

Jefferies has a 250p share price target on BT Group, with the stock currently trading at 125.45p.

[frontdoor bulls the grim bitch] 24/11/2022 08:24

Support waning


Cheers the Colonel

[smurfy2001] 23/11/2022 13:51

Support building.

What will happen when the pay deal is finalised? 😊

[diku] 23/11/2022 13:08

UK shares gone into direction less mode...look at the low volumes...no appetite for risk trade at even year lows...thanks giving week USA so volumes will be light...

[maywillow] 23/11/2022 09:11

BT Group subsidiary Openreach is to limit the investment rollout of ultrafast fiber broadband in the U.K. as the company seeks to curb costs amid inflationary pressures, the Financial Times reports, citing a letter.

--Openreach warned suppliers that they will face a financial impact as the group implements plans to tighten the timing of investment to build a "narrower and deeper" fiber broadband network, and that it won't commit capital to projects further than six months out, FT reports.



Full story:



Write to Michael Susin at [e-mail]



(END) Dow Jones Newswires

November 23, 2022 02:33 ET (07:33 GMT)

[maxplus2] 23/11/2022 08:24

It's going up, up

[dipso] 23/11/2022 08:07

BT Group subsidiary Openreach is to limit the investment rollout of ultrafast fiber broadband in the U.K. as the company seeks to curb costs amid inflationary pressures, the Financial Times reports, citing a letter.

--Openreach warned suppliers that they will face a financial impact as the group implements plans to tighten the timing of investment to build a "narrower and deeper" fiber broadband network, and that it won't commit capital to projects further than six months out, FT reports.

[dope007] 23/11/2022 07:45

Conservative?

[netcurtains] 23/11/2022 07:33

re: above news
It's never too late to realize that the Conservative governments over the past 12 years have been awful.

[stansmith1] 22/11/2022 21:57

old news, why post now?

[extrovert] 22/11/2022 21:20

BT’s pension scheme has revealed the value of its assets plummeted by an estimated £11bn in recent weeks, after the meltdown in UK government bond markets following Kwasi Kwarteng’s mini-budget.

The disclosure in the annual report published by BT Pension Scheme (BTPS), one of the UK’s largest company retirement plans with almost 270,000 members, provides one of the first insights into the scale of the financial impact on funds.

[wendsworth] 22/11/2022 09:26

clive : Don't be put off !

[diku] 22/11/2022 09:19

VOD pays you divi with one hand and takes the share price away with the other hand...net gain?...very little if any...

[clive7878] 21/11/2022 18:44

I think EE is expensive.
I am with TalkMobile £7.80 per month, unlimited text and minutes
BT having come down from 1.80 to 1.22 is the only way up ?
VOD I see pay a good divi, but the debt mountain puts me off.

[la forge] 21/11/2022 08:26

RTE




BT Ireland agrees multi-million euro deal with Five9

Updated / Monday, 21 Nov 2022 08:14

BT Ireland has been selected as the preferred carrier for voice and network services globally for Five9, which provides cloud contact center solutions, in a multi-million euro deal.

Five9 said it chose BT Ireland for its "stable, reliable, resilient and highly secure services", which it said are critical for the effective running of cloud contact centres.

Five9's existing customers and partners have already begun to benefit from BT's networking capability, particularly across Europe, with millions of call minutes per month facilitated.

The companies have also committed to extend their partnership in the future to create new joint cloud offerings for their customers.

Shay Walsh, Managing Director of BT Ireland, said the company was delighted to have been entrusted by Five9 to power their cloud contact centre solutions, and help extend their footprint worldwide.

"The combination of our experience, global coverage and reliability of service, gives Five9 a trusted partner with whom they can scale their business and concentrate on transforming their clients' contact centres," he said.

Thomas John, VP Partners EMEA & International at Five9, said today's deal marked a unique opportunity to partner with BT to help migrate contact centres from legacy to the future, which is true cloud.

"This migration is now at exodus scale, and this partnership between BT and Five9 will help accelerate and support this well into the future," he added.

[1224saj] 18/11/2022 10:45

BT announced on Wednesday that with effect from January they will give access to the wholesaler Channel that represent some 15000 wholesalers who will now be able to sell EE products to the end user. At present they can only sell O2, Voda and 3

[younasm] 18/11/2022 07:30

Regarding defined benefits pensions - see note from LGEN trading update :"As noted by market commentators, a positive consequence of rising interest rates is that many UK DB clients are now in a position where they have, or are very close to having, a surplus in their pension schemes."

[diku] 17/11/2022 13:58

Did BT suck in more punters above 120p?...