Bt Share Discussion Threads

[isis] 23/11/2023 20:59

Goldmans upped their target and added 'Conviction Buy' whilst UBS who've never been a fan see's value at BT at 115p!! lol


UBS said the shares face several risks/overhangs", listing them as Virgin Media O2 "possibly revisiting M&A discussions with TalkTalk", Sky shifting some of its wholesale broadband business away from Openreach, new CEO Allison Kirkby potentially accelerating the existing strategy with the result of a dividend cut, the 24.5% stake by Altice "may now be more of an overhang than an element of support", and finally that the Labour Party is "reportedly looking to remove mid-contract price rises for consumers and indexation at Openreach".

The Swiss bank reiterated its 'sell' rating and 115p share price target.

Over at Goldman Sachs, the telecoms team have taken a much brighter view, hiking their target price to 290p from 280p.

[whitehunter] 23/11/2023 19:13

They still have to spend/find the 75% though, but at least it is costing less in real terms so better than a poke in the eye. Slowing down the spend might be a good thing to cap the debt mountain.

[action] 23/11/2023 08:29

25% government tax break on each 1 million capital investment. If BT invest 100 million in fiber broadband 25 million gov tax break. Now this tax breaks are pemanent. Pension deficit will be paid by tax breaks. cheap. DYOR.

[stansmith1] 22/11/2023 23:45

no, but we will have angela rayner...enough said...

[isis] 22/11/2023 22:01

Looks a good deal for BT added to the annihilation of the Pension Fund deficit.
Should kick in when the market wakes up............zzzzzzzzzzzzzzzzz

[isis] 22/11/2023 15:10

Takes awhile for the Shorts and Spreadbetters to get out of the way! :)

[1224saj] 22/11/2023 14:50

Ah well, that's the froth gone after todays spike, back down we go again :-(

[isis] 22/11/2023 14:31

Should get a good write up soon with the lower Pension Deficit and Tax allowance pushing this into the 130's

[smurfy2001] 22/11/2023 14:24

Viagra not enough.

[diku] 22/11/2023 14:19

Sweating kicking in...

[cafc69] 22/11/2023 14:15

Steam running out

[careful] 22/11/2023 13:33

Offsetting Corporation tax with 100% expensing for capital investment, now permanent, must be worth huge amounts to BT because of the huge investment in fast fibre.

[action] 22/11/2023 13:33

Last time it went up to 130p

[isis] 22/11/2023 13:28

Business taxation
A tax break allowing companies to reduce their tax by up to 25p for every £1 they spend on plant and machinery has been made permanent. The move, which had been due to come to an end in April 2026, will cost £10 billion a year. It has been billed by the chancellor as the biggest tax cut for businesses in modern British history.

[smurfy2001] 22/11/2023 13:28

Shares are just returning to a price not long ago 🤷

[isis] 22/11/2023 13:23

Starmer is not Corbyn and probably not any worse than Rishi and the Tories have been.
It is a given the Tories will be out. Done and dusted.

[boix] 22/11/2023 13:20

BT up because of the Budget - re changes in tax relief on company investment.

[action] 22/11/2023 13:15

What is happening? Any news coming out on us open

[stansmith1] 22/11/2023 12:48

sky would be the limit were it not for a labour govt on the horizon, free broadband for scroungers, capped prices, place your bets

[fundamentals23] 22/11/2023 12:26

Where do you feel the true value is of BT guys?

With the Pension deficit seemingly well on track and cost-controls in the offing, the eventual completion of the fibre roll out must give this a chance of growth from current SP?

Where would you see the key risks?

I’m tempted in but the telecoms sector doesn’t seem to have turned the corner…yet?

[netcurtains] 22/11/2023 11:38

going up on a bad day is possibly interesting? (although so is VOD so its probably something industry wide)

[action] 22/11/2023 11:30

BT price is nudging up. Is there something coming on 26th nov23 ?