Bt Share Discussion Threads

[dmf] 11/6/2018 12:59

Pacemaker 100.....As far as I am aware Odey Asset Management is not short BT - Major short positions are:- ITV, TalkTalk, Intu, Debenhams, Berkeley Grp & Lookers.

[montyhedge] 11/6/2018 12:57

Analysts reckon Openreach value is around 25 billion pounds. That shows you how crazy current valuation is crazy for BT.

Bears only keep on touting about the pension fund, its all the ammo they have now Gavin is leaving.

[action] 11/6/2018 12:54

BT should consider bid of openreach which is received to come out this downhill spiral in share price

[pacemaker1000] 11/6/2018 12:29

Pension deficit to disappear and even lead to pension holidays again?


The analysts pointed out: “Telescoping to the next triennial review could see the deficit eliminated post £4bn of top-ups and a decent move in real yields, however projecting to that future could also see copious alt-net fibre build pressuring wholesale and retail, with a commensurate risk of defensive capex.”

They concluded: “ Further, news on alt-fibre is imminent whereas a pensions holiday is more speculative and near-term top-ups are a drag. Convergence may also prove a bane before it becomes a boon.”

[kmann] 11/6/2018 12:25

Major shareholders voted to remove him and get back to basics and restore the sp, (ie no more grandiose football deals), NOT ditch the divi, that would be a double whammy, hence illogical move. That's why the Hedge Funds/Shorts may be in for a bit of a shock. As far as the pension goes, this is BT NOT BHS!

I see Oddey, the worst performing hedge fund, is staking it all on a total collapse of the UK. He, and his like, are the only reasons the share price of this and a few others remaining static/declining, because they are using brute force. Hope gets this well and truly wrong.

The hedges can only take it down so low before it becomes a value stock imo.

[schofip] 11/6/2018 09:36

I certainly wouldn't buy based on the juicy dividend as that could disappear in a flash.

[schofip] 11/6/2018 09:34

When the new guy takes over he will look under every stone and probably. Instigate a complete audit of the business. This will no doubt uncover some massaging of figures and he will no doubt give the worst possible forecast, so he can blame all current problems on GP, and rightly so. This process will imho have a negative influence on the share price and that will be the right time to buy. Until then the bears have it. Medium term prospects look good but it won't be overnight. Does anyone have a figure for the NAV?

[montyhedge] 11/6/2018 08:57

I think pension deficit is really a bit of a red herring, touted by the bears.Totally under control, if they were worried about it, easily raise money in the corporate debt market with these low interest rates.Mobile mask division valued around 1.5 billion, inherited from EE purchase could be sold, apparently enquiries for it. It's a classic bear v bull tussle, who will win. At least bulls getting paid 7.4% to wait.

[dmf] 11/6/2018 08:47

Could big pension deficits endanger your FTSE dividends?

[toon1966] 11/6/2018 08:44

"...if the new CEO is take the same business plan forward that was signed off by GP then why sack GP?" The City and big investors gave a lukewarm response to the turnaround plan and had little confidence in GP delivering, that's why he went.

[dmf] 11/6/2018 08:42

The fact is BT are already taking measures to fund the pension deficit - bond issue as well as dedicating funding to the pension fund, in addition interest rates will rise, that alone can alleviate the deficit !

[montyhedge] 11/6/2018 08:40

I think they are getting ready for a merger with Deutsche Telecom, 12% stake, when the embargo ends they can do what they like. CEO of DT is on the BT board as non exc. DT very strong company with superb management.http://www.capacitymedia.com/Article/3790075/Deutsche-Telekom-CEO-says-BT-attractive-a-year-before-embargo-on-bid-expires

[diku] 11/6/2018 08:26

Yes divi chop only matter of time...think Chairman has also got to take responsibility here...he was looking for a scapegoat...he found GP...


monty...if the new CEO is take the same business plan forward that was signed off by GP then why sack GP?...the job loses will go ahead at a cost but no doubt the new CEO will look at disposal of assets to address debt/pension defecit...divi will have to be rebased sooner or later...one cannot give money away with both hands!!...

[portside1] 11/6/2018 08:22

the div shop be cancelled and reduce pension and debt pay no divs till under control

[montyhedge] 11/6/2018 08:17

I see 215p later this week. Bears hopefully short sand caught.

[brwo349] 11/6/2018 08:17

SELL. Then SHORT.

[brwo349] 11/6/2018 08:12

I think the dividend will be slashed. People are fed up seeing companies pay eye watering dividends while the pension fund is on a massive deficit.

[diku] 11/6/2018 08:10

monty...you da man always...

[unastubbs] 11/6/2018 07:48

hxxps://www.independent.ie/business/world/share-watch-telecom-giant-bt-under-siege-on-several-fronts-36995854.html

.....

re. the dividend - i think it will be kept. the chairman is looking for the next CEO to take forward the business plan that was signed off by GP and the rest of the board at the last results, included in which was a commitment to keep the dividend static for the next two years. be patient - this will re-rate when the market realises this. there is a plan in place to deal with pension deficit, there is no need to take money from shareholders. re. investment in fibre, for which use the dividend cash could be used, my understanding is on freeing up said cash the pension fund would be first in line to receive it - so no can do!

[montyhedge] 11/6/2018 07:36

Lol tell us something new, his been saying this for years.

[nicholasblake] 11/6/2018 07:12

Frank Field’s warning to new BT boss...Slash dividend to plug £11.3bn gap in pension fund



In other words the pension scheme will want anything not paid as div. As I stated earlier, pension scheme coys cut their div at their peril.

[toon1966] 11/6/2018 06:45

Thanks for the info DMF. Suspect over the coming weeks we'll have lots of City commentators/analysts/journalists commenting on what the new CEO 'needs to do'!!