Bt Share Discussion Threads

[toon1966] 11/5/2018 09:45

HL research update on BT: www.hl.co.uk/shares/share-research/201805/bt-dividend-flat,-restructure-announced

[montyhedge] 11/5/2018 09:42

Income investors probably come in as well, now dividend safe yield 7% for two years. Then hopefully starts growing again.

[dr biotech] 11/5/2018 09:10

I don't really buy any of this old nationalised company stuff. BT was privatised 34 years ago. Thats a whole working lifetime - if its still bloated its because management haven't been effective, no excuses.

You can only blame the past for so much. Perhaps the pension issue is more of a legacy.

[montyhedge] 11/5/2018 08:57

RBC still 400p target, yesterday. Don't know what time horizon.

[montyhedge] 11/5/2018 08:50

Once investors digest yesterday's figures, I think fair bet now.Still great cash flow, sensible not to increase dividend but hold 7% yield for two years, then hopefully start dividend growth again. Costs cuts overdue, getting to grips with pension.245p short term if my target. From bear to bull.

[toon1966] 11/5/2018 08:49

Tim3 - I agree to an extent. I don't need to remind too many people that BT have been backtracking on their dividend policy for over a year now. They've gone from bullish 10-15% growth, to progressive, to holding at current level. A further downturn in the UK economy could force BT's hand and so hasten GP's exit. GP has to deliver.

[hamhamham1] 11/5/2018 08:46

IMO once the costs are sorted then because there are so many revenue streams within the business as a whole that profits will soar.

[t-trader] 11/5/2018 08:44

9th August 2018

[meijiman] 11/5/2018 08:43

Anyone know the XD date here?

[tim 3] 11/5/2018 08:41

I know it would be unpopular short term but think they should of cut the dividend at least a little.

Companys who are struggling to maintain their dividend but do nothing often end up paying for it later.

There are still so many uncertainties here can still see them going lower.

[montyhedge] 11/5/2018 08:31

In golfing terms I think 245p is a given, with the 10.55p dividend on its way as well.

[careful] 11/5/2018 08:26

£21.6bn cap.
To think about how expensive telecom assets can be valued at in the event of takeovers and mergers.
BT would be a gift at this level with a big premium, even allowing for current problems

[hamhamham1] 11/5/2018 08:25

I just topped up so that's all my allocation done to a single company... And now time to relax.

[montyhedge] 11/5/2018 08:21

Apart from 7% yield recovery play.
This thrown in for nothing.

[diku] 11/5/2018 08:20

All these job loses at managerial level...BT will have to throw in some sweetners to get rid of them...it will come at a cost..

[careful] 11/5/2018 08:17

Big article in Daily telegraph today.
At last they are going change the overblown culture.
This legacy from the days it was publicly owned and had a monopoly has dragged BT down.
It is reassuring that BT can make a decent profit today with such bloated inefficiencies.

This will take time, at least 3 years, but at least the task has started.

[montyhedge] 11/5/2018 08:11

These are a bargain, recovery story now we know the figures.Dividend no growth but 7% yield for two years. Still a great cash flow business.I think coming months 250p.

[diku] 11/5/2018 08:07

Think those who bought in at the gap down yesterday..MM will want to lock them in...so another 10% fall to 200p over the coming days/weeks is possible...hope I am wrong...

[montyhedge] 11/5/2018 08:05

Tread water first thing 218p ish last of the sellers. Then will go higher later today.

[diku] 11/5/2018 07:59

monty no;1....where BT going?...

[montyhedge] 11/5/2018 07:50

RBC Capital Markets Outperform rating target 400p.

[toon1966] 11/5/2018 07:41

BT's credibility is still very much on the line - Nils Pratley (Guardian) -
As it cuts 13,000 jobs, the telecoms giant needs to regain investors’ confidence:

[boytoy] 10/5/2018 20:43

Well it’s possible once the staff are fully TUPE’ed and migrated onto the new pensions Openreach could be easily sold off. Now that would be interesting...

[andycapp1] 10/5/2018 18:14

All good points. Maybe it is an EV of £22bn cap + £11bn pension + £11bn debt giving say £8bn of EBITDA so maybe 5x EBITDA? I’ve just bought a holding. I think it’ll be broken up or bought. But looks cheap although needs catalyst.

[montyhedge] 10/5/2018 17:27

What turned me from a bear to a bull, dividend maintained next two years, yield 7.08%. Adjusted eps 27.9 p.e 7.92 seems good value. Great cash flow, ok of course problems, can be overcome. Rising interest rates coming years will ease pension deficit.