Bt Share Discussion Threads

[diku] 28/6/2023 22:13

It was there for a purpose/ploy...support the property market...the rest goodwill just spills over...those who bought property around 2008 - 2009 have paid off good part of their mortgage and equity built up as prices kept going up...like cash cow...money recycles back into the economy via renovations, loft conversions, extensions, etc etc...

[isis] 28/6/2023 12:29

That's a pretty bad strategy. Those rates at zero were supposed to be emergency rates - there is no reason why they will ever go back there again. 5 percent has been the mean since the BOE started in 1602.
It was ludicrous to keep rates so low for so long!

[careful] 28/6/2023 12:01

if the pension fund already is big in fixed interest (gilts) then the income stays the same.
but the mark to market value of the bonds falls.

New investors in gilts benefit from the lower prices and higher yields.

When inflation and interest rates falls it will be good for BT.

[willoicc] 28/6/2023 10:44

Does anyone know, do rising interest rates reduce the pension deficit as gilt yields rise?

[diku] 27/6/2023 23:11

Gave you the hint...


diku 15 Jun '23 - 09:13 - 44492 of 44561 Edit
0 0 1
Recent short term trade was from 135p to 149p...when you consider where VOD has fallen away BT has a lot more catching up to do downside...no guarantee...

[action] 27/6/2023 18:48

Us should have ask for 100% dividend cut. We as BT shareholders are used to that. LOL.

[millerman1007] 27/6/2023 17:30

BT Group tumbled on Tuesday after UBS downgraded the shares to 'sell' from 'neutral' and cut the price target to 120p from 146p, as it assumed a halving of the dividend amid free cash flow pressures.

"We think the market has underestimated the impact of rising interest rates and accounting changes at BT Sport that impacts free cash flow," the bank said.

"Without a dividend cut, BT Group will have to borrow more than £900m per annum over the next three years.

"Borrowing to fund both the dividend and pension deficit payments when the cost of debt is rising presents risks and we assume a halving of the dividend to 3.85p (from 7.7p)."

[1224saj] 27/6/2023 17:12

Current value circa 11B. He may consider taking another 4% at say 500m that would average him down to under 1.66 a share owning 29.5%

[rosejs2] 27/6/2023 16:59

What do you think Drahi with his to 24.5% stake in BT and DT with around 12% think of the current fall in BT's share price? Might they force Janson to reconsider floating OpentReach or is this an opportunity for further buying?

[1224saj] 27/6/2023 16:21

Feb 23 we were at this price

[1224saj] 27/6/2023 16:21

Careful, I agree regarding total debt. But we should call the spend on fibre as investment as it will yield huge profits in the next few years. Whilst I don't like to see market manipulation taking the price down, it's a great buying opportunity :-)

[careful] 27/6/2023 15:56

Net debt ye 2022 was £18bn.
from last years annual report.

BT are spending freely on fast fibre.

[smurfy2001] 27/6/2023 15:30

Yield now 6% !

[action] 27/6/2023 15:20

You should ask Draghi why he did not do due diligence on pension deficit.

[buywell3] 27/6/2023 15:14

buywell3 - 21 Jan 2022 - 01:27:54 - 43253 of 44551 BT - Where next ? - BT.A

Cash raise needed

advfn show Net Debt £ 38.198 Billion

momentum suggests 130p

Get that cash raise done QUICK

imo dyor

[tradejunkie2] 27/6/2023 15:09

Is you know who taking building another stake?

[action] 27/6/2023 15:03

Could not resist. Bhgt some at 121.338

[1224saj] 27/6/2023 14:12

The next 3 year actuarial forecast is due this month. BT's aim is to have the deficit cleared by 2030. The last report showed a reduction to 1.6b

[thebutler] 27/6/2023 13:52

The reason I wouldn't touch BT with a barge pole is because of the huge pension deficit.

[careful] 27/6/2023 13:52

About time that this mighty army of BT pensioners started to reduce.
Nothing personal just cold actuarial statement.

Have these people found the secret of everlasting life, their overgenerous early retirement packages way back in the land line era about 25 years ago.

So generous were these packages that they were fighting to get out.
The management took the view that it would be someone else problem in years to come.

[wendsworth] 27/6/2023 13:23

121.5 ...........What the heck ???????????

[1224saj] 27/6/2023 13:03

Unbelievable, UBS have cut the price from 1.46 to 1.20 with a sell note. Stating that BT will have to cut the divi by 50% to avoid borrowing 900m to fund the pension deficit,What qualifies them to make such a statement, like they really have market credibility. As we know, all this false news scares PI's into selling, so that the billionaires can pick up more stock on the cheap. This goes exdiv on the 3rd August, don't give your shares away.