Bt Share Discussion Threads

[charles clore] 02/11/2017 07:56

Sleeping beauty

[eaaxs06] 02/11/2017 07:49

On the face of it, nothing much in those figures to get excited (or worried) about, in line with previous guidance from the company. Not quite sure where the 20p+ movement is coming from, that Monty, our resident self acclaimed No 1 trader has assured everyone will happen today?

I’m a little dubious about this ‘new ‘ dividend policy - why mention it if it’s not going to happen until next year? It seems to imply they should have cut the interim to 4.62p, but good old BT will be paying 4.85p.

BT are always very reluctant to cut dividends and prefer to hold the payment, even when they know there are serious problems ahead. This is exactly what happened in 2000 and 2008, prior to the dividend was stopped or completely decimated. Just check for yourself if you don’t believe me.

[dipso] 02/11/2017 07:46

SP definately up at open

[davidbennett] 02/11/2017 07:44

BT 2Q Revenue Falls to GBP5.95 Billion vs Est GBP6 Billion
2017-11-02 07:07:55.953 GMT


By Rebecca Penty
(Bloomberg) -- Adjusted revenue down from TKGBP6.05 billion
in year-earlier period, co. says in statement.
* 2Q adj. EPS 6.4p vs est 6.3p
* 2Q adj Ebitda GBP1.81b vs. est GBP1.8b
* 2Q reported pretax profit GBP666m vs. est. GBP620m
* Pension review continues; expects to consult with workers on
proposed changes shortly
* Interim dividend 4.85 vs. est 5.24p; yr-ago (4.85p); interim
dividend for future years set at 30% of prior year’s full
dividend; progressive dividend policy unchanged
* Full year outlook unchanged
* NOTE: Estimates compiled by BT
* NOTE: PREVIEW BT 2Q: Consumer Unit in Focus as New Chairman
Starts

[montyhedge] 02/11/2017 07:44

Ebitda down 4% that's the figure I look at.

[stockriser] 02/11/2017 07:41

DMF - yes you are reading it right - it's a confirmation that the dividend will continue and not be removed as some speculated.

[dr biotech] 02/11/2017 07:38

DMF - no you are not. The dividend is being rebalanced so it will be paid 30:70 interim to final. The total amount will still be progressive, ie hopefully increasing

Edit -I guess it depends on what you think it meant

[wllmherk] 02/11/2017 07:36

yes DMF, but the overall dividend remains 'progressive', so the dividend will rise in the next couple of years,

wllm

[trader2] 02/11/2017 07:36

30% of prior full. Divi skew becoming the norm?

[stockriser] 02/11/2017 07:35

The market expected negative news which is why the share price is where it is - No negative news in there - blue day today AIMHO

[dmf] 02/11/2017 07:31

Although interim in futures years set at30% of full years dividend...am I reading this correctly?

[suetballs] 02/11/2017 07:30

Yes numbers almost bang on with analysts estimates and dividend and guidance maintained.
Surely 260p didn't anticipate this news?
Suet

[dr biotech] 02/11/2017 07:25

No nasty surprises, keeping the dividend..I”m guessing up at the open although this market is hard to understand.

[1i1i1i] 02/11/2017 07:20

An interest rate rise will put the pension deficit lower, in fact if interest rates got to 5.5% the pension will be in surplus not deficit.

[wllmherk] 02/11/2017 07:14

Toss a coin as to whether market will take this down or push up today. No mention of problems with Italian division. 300p still looks a long way off sadly.

wllm

[dahhad] 02/11/2017 07:10

Not good but are they as bad as already indicated by the share price at 260?

[nw99] 02/11/2017 07:08

Div ok for this year and next .Pension scheme to be looked at .Bullish

[wllmherk] 01/11/2017 23:44

I would agree DrB,

I have my alarm set for an early rise. To be honest I don't feel confident such has been the negativity around this stock. I need just shy of 300p to break even so guess I will be holding into 2018. I really hope they maintain dividend, I can accept the pain then.

wllm

ps-I wonder if metalsguru will be around tomorrow, he has a shed load in these.

[dr biotech] 01/11/2017 22:48

Me and my wife have earned roughly the same over our 20 year careers. I’ve put more into my money purchase scheme. On current valuations, her average salary scheme is worth 2-3x mine. Unsustainable.

[careful] 01/11/2017 22:21

state pension + company pension + lifetime savings.
life should be cheaper when old, no mortgage, kids gone, no work expenses.

Maybe 40% of final salary will suffice.
(remember favourable tax code, no NI deductions)

[kazoom] 01/11/2017 22:08

pvb - I'm pretty sure those figures quoted are actually correct. Although I'd question the term "promised". Tax Free Lump Sums had not even been thought of in those days.

On the subject of 2/3rds of salary as a pension - what do people really think their pension needs will be in relation to current salary?

Genuine question.

[careful] 01/11/2017 21:34

that is good point will.
but the truth is that the tiny number of people at the top do not make much difference to the health of the company.
unjust and greedy, but those 1 in a million types are irrelevant to the discussion.
(there is a cap, something like £50k pension after which tax relief on contributions cease)

it is the 300,000 members that matter.

[pvb] 01/11/2017 21:31

When I join BT 30 years I was promised that I would be retiring at 60 with almost two thirds of my salary as a pension

1987? Surely you were not promised a pension of two thirds of your salary as a pension? Was it not a maximum of 50%? Admittedly that would have included a tax free lump sum (3 x annual pension?) as well, at retirement.

[willoicc] 01/11/2017 21:22

Funny how all these companies do away with their final salary schemes for staff, but the fat cats with their snouts in the trough continue to receive their final salary benefits.

Its a bit like all the jobs that are offshored to save money. Except for the bosses who always retain their huge undeserved pots of gold.

One law for the rich and another law for the poor.

[eisler] 01/11/2017 21:12

Common sense will prevail - it's not 1974 (thankfully)...