Bt Share Discussion Threads

[frontdoor bull] 06/2/2023 09:01

And still sinking

[frontdoor bull] 06/2/2023 08:20

Why is it sinking ?

[frontdoor bulls the grim bitch] 06/2/2023 08:08

Take your profits , before it nose dives to 105p pronto

[rathkum] 06/2/2023 07:38

BT on track with its cost-cutting mission, says Hargreaves

BT (BT/A) has reported a dip in revenue, but Hargreaves Lansdown says it is on the right path with its cost-cutting exercise.

The telecoms giant on Thursday reported a 1% slip in revenues in the nine months to 31 December to £15.6bn, driven by a fall in global and enterprise divisions, although consumer performance was robust.

Cash profit rose 3% to £5.9bn as cost controls offset revenue declines and inflationary pressures.

Analyst Matt Britzman said ‘cost cutting remains the aim of the game as BT battles with higher costs from a host of angles.’

‘To be fair, management look to be doing a decent job and synergies from the newly created BT Business should help make the £3bn cost saving target a reality - but there’s no avoiding the fact cash flow is under pressure,’ he said.

‘The rapid roll out of fiber and 5G doesn’t come cheap but it’s ultimately a necessary evil that should pay dividends down the road. Strength from the Consumer division should be a driver of growth, the update of fiber is progressing well, and inflation-linked price hikes should help limit some of the impact from inflated costs.’

The shares gained 2.8% to 132.7p last week. They have fallen 60% in the past year.

[netcurtains] 05/2/2023 08:49

Its true the FTSE is approaching "all time high" but what people are not noticing is that the shares that are driving this rise are not the same as before.

Lots of FTSE100 shares are miles away from anywhere near their all time highs.

[cricklewood] 05/2/2023 08:38

Not likely, this will sink like a stone next week, back to 105p, watch this space.

[guss] 04/2/2023 11:08

Back to the good old days

[diku] 04/2/2023 10:41

one national network???...that ought to command huge infrastructure premium...




“There is only going to be one national network,” Philip Jansen told the Financial Times. “Why do you need to have multiple providers?”

[rathkum] 04/2/2023 07:23

The BT Group has received some good news already today as regulator Ofcom has suggested its full-fibre pricing plans do not currently appear to be anti-competitive.

[rathkum] 03/2/2023 18:35

BT chief warns Openreach fibre push will ‘end in tears’ for rivals

Telecoms group’s competitors race to lay fibre networks across UK before incumbent



BT’s chief executive said the telecoms group had turned its broadband network into an “unstoppable machine” that will ultimately “end in tears” for many of its fibre competitors.

“There is only going to be one national network,” Philip Jansen told the Financial Times. “Why do you need to have multiple providers?”

The former monopoly said on Thursday that its networking division Openreach had laid fibre to 9.6mn premises, with 29 per cent of people in those areas opting to move over to its fibre offering.

The company’s share price rose around 6 per cent in afternoon trading, taking its gains since the start of the year to 14 per cent.

Competitors to Openreach, backed by billions in private capital, are racing to lay full fibre across the UK before the incumbent gets there. They include Virgin Media O2 and more than 100 alternative networks known as “altnets”;.

Virgin Media O2 is seeking to upgrade its network to fibre by 2028 and has formed a joint venture between its owners, Spain’s Telefónica and Liberty Global, as well as infrastructure fund Infravia, to lay fibre to a further 7mn premises.

Industry insiders say network operators need to sign up about 40 per cent of customers in any given location where they are building to make their business viable.

“Building is irrelevant — it’s how many people you’ve got on the network,” Jansen said. “No one else has got a machine anywhere near ours. It’s . . . ;unstoppable.”

He said that the market would probably shake out to be just a “couple of big players” as well as a smattering of specialist providers for things like rural areas and multi-occupancy buildings — a process that would “end in tears” for many of the other operators.

Jansen added that while BT had been spending large amounts of cash this year to fund its build efforts, once the construction phase ends he hopes the company will generate “a lot more cash” and could increase the dividend offered to shareholders.

“BT was on the back foot five years ago, we’re unquestionably on the front foot now,” he added. “Investors who own the company need a return.”

BT maintained its full-year outlook on Thursday as it posted third-quarter revenue and earnings in line with analysts’ expectations.

Revenue fell 3 per cent in the third quarter compared with the same period in the previous year, to £5.2bn, which it attributed in part to lower sales in its global division and a loss of income from BT Sport following the completion of a joint venture with Warner Bros Discovery.

Adjusted earnings before interest, tax, depreciation and amortisation increased 2 per cent to £2bn, due in part to price rises and the removal of costs associated with BT Sport.

In November BT announced that it would increase its cost-savings target by £500mn to £3bn by 2025 as it sought to mitigate higher energy and inflation costs. As part of the cost-cutting drive, Jansen said there would be fewer people working at BT over the next five years, although he refused to be drawn on numbers.

BT has already reduced its net headcount by 2,000 over the past two years, despite significant recruitment at Openreach.

It has pushed ahead with inflation-linked price rises in 2023 for the majority of its consumer and wholesale customers in spite of cross-party calls for telecoms companies to reverse the decision during a cost of living crisis.

“Right now the [capital expenditure] has to be paid for somehow,” Jansen said. “Hopefully inflation comes down and it won’t be so painful for everyone.”

[action] 03/2/2023 18:35

You can use 24 days cooling ofg period. But too much hasle. Sometimes you have to let go.

[action] 03/2/2023 18:33

MM BGHT ON RECENT DIP 118P. MM will wait for 150p b4 off loading.

[diku] 03/2/2023 14:45

Considering other FTSE shares put on 40 - 80% since Oct lows BT could do with 150p - 160p range...

[1224saj] 03/2/2023 11:25

Sadly that's too late for you as you will be locked into your new suppliers contract ?

[frontdoor bulls the grim bitch] 03/2/2023 10:57

Im gone, with my 20% profit, will buy back at 99p.

Cheers Grim

[bobo18] 03/2/2023 10:17

You have your 0 and 5 the wrong way round.....Break out and back to 1.50 from the chart....

[cricklewood] 03/2/2023 09:19

Take your recent profits here lads, 105p looming.

[diku] 03/2/2023 09:03

Yes time the laggards of 2022 Telcos make their move...

[geniechem] 03/2/2023 07:18

One would hope this will start to fly due to the CPI increase end of March, I have read should be around 14-15% for consumers, same for Vodafone, both unloved stocks.

[isis] 03/2/2023 05:21

BT reported profits for the first three quarters of the year of £2 billion, a rise of 2 per cent, and confirmed its full-year guidance, “despite extraordinary energy costs and other inflationary headwinds”.

Britain’s largest telecoms group had said previously that it expected underlying profits for the year to reach £7.9 billion.

Overall revenues of £15.6 billion were down 1 per cent, with better consumer trading offset by inflation and the loss of revenue from BT Sport, which was transferred to Warner Brothers Discovery last year.

[action] 03/2/2023 00:39

No problem getting PAC CODE. BUT no deal given till i got swiched to new provider and call from my present supplier and email to stay with special deal.