Bt Share Discussion Threads

[hamhamham1] 23/7/2018 14:39

Well we can't all be professionals, like yourself, eh?

[mbmiah] 23/7/2018 14:25

I smell amateur blood here.

[hamhamham1] 23/7/2018 13:46

I think a 'no real bad news' update would be a good start :)

[montyhedge] 23/7/2018 13:44

Friday interesting day. The way shareprice going investors made up they mind it's good news.

[hamhamham1] 23/7/2018 13:29

I wonder at what point the gov will force all the other fibre installers to open their connections up to wholesale market and allow access for all other broadband ISPs? (ie not just over Openreach).
It's got to happen soon I think, that really creates a more open market - which is right up Ofcoms street!

Really they need to force Virgin, Cityfibre and Gigaclear to all open up their networks, I think if the gov award any funding for the rural fibre roll outs, then that will definitely be one of the clauses.



Under the Modified Greenfield approach, we also take account of telecoms providers offering retail services using the upstream access products regulated under the WLA review (e.g. Sky, TalkTalk and Vodafone) and telecoms providers offering retail broadband services entirely over their own networks (e.g. BT and Virgin Media). We consider that the retail services of both types of telecoms provider will be substitutes to retail services provided using WBA products and therefore will act as an indirect constraint at the wholesale level.

[peter2164] 23/7/2018 13:11

News that has been expected no spin required of Openreach httpx://news.sky.com/story/full-fibre-broadband-for-every-uk-home-by-2033-under-government-proposals-11446106

[dmf] 23/7/2018 12:51

Montyhedge....it will not reach 192......there will be positive news Friday !

[hamhamham1] 23/7/2018 12:35

Monty. True. But if it is say 225p to 235p day before ex-divi date.
Then even after ex-divi date and if you took out 10p, that still would be 215p to 225p on the morning of day of ex-divi date.
I just think that an additional 10% to 15% drop on top of that is unlikely?
Time will tell.
But I do like the fact that you are a trader and see BT as a share to earn from on a rising share price in the near future :)
(we just don't agree the entry point)

[montyhedge] 23/7/2018 11:28

ham
After ex div I will may dip a toe at 192p. Of course investors buying for the 10.55p dividend but ex it will fall further than 10.55p swings and roundabouts.

[sicker] 23/7/2018 11:24

An anagram of No.1 trader comes to mind:-)
Starts with an 'r' and ends with a 'd'
note well, no offence implied, just a bit of fun.

[hamhamham1] 23/7/2018 10:57

Maybe Monty has just bought back in today?...

10:19:59
Buy
Price 222.45p
Qty. 30,000,000
Value. £66.735m

[toon1966] 23/7/2018 10:21

So Monty is outing people as 'idiots' for buying for dividend. Well...…..

montyhedge said on 1 Jul '18 - 08:39 - 29823 of 30233 "Once psychology level and pivotal point of 220p, is broken and holds at close, then I really think next trading range 235p -240p. Don't forget ex div couple of weeks time 10.55p getting paid why we wait, lol.""


LOL......

[hamhamham1] 23/7/2018 09:44

Will be interesting to compare BT and IAG price rises and falls over the next few months and years.

[montyhedge] 23/7/2018 09:36

lol I thought some idiot would come and say that. Investors buying to get the 10.55p dividend for income, its like a comfort blanket for them, then lets see what happens ex div.

[mbmiah] 23/7/2018 09:27

Unusual price action, was expecting a dip today for the bounce mid week. Shame on the Monty eh lol

[hamhamham1] 23/7/2018 08:18

I guess it will take a while for analysts to read the doc and interpret it.
I am happy with what I have read, but hoped for more gov investment, maybe I was naive there!
Positive (and importantly no punishment).
Upwards and onwards, ex-divi in a few weeks.

[hamhamham1] 23/7/2018 07:58

Toon. Yep, that's good, promote investment, not wholesale price cutting!

[hamhamham1] 23/7/2018 07:54

Not huge amount of ground breaking news I can find in there on initial scan, certainly not many real negatives, although no big funding announcements - no shock there I guess.

They seem broadly happy with the separation progress and receongnise BTs importance.


2.9 Legal separation of Openreach from BT

151. This Review should encourage Openreach to prioritise its future network investment in full fibre roll out, over upgrading legacy copper networks. Openreach can make a significant contribution to securing the goal of nationwide full fibre roll out. We also want to avoid a situation where investment in upgrading copper networks deters fibre investment by alternative operators, thereby reducing overall full fibre roll out and infrastructure competition. We would be concerned at any strategic behaviour that excluded rival operators by the threat of pre-emptive investment.

152. As part of our consideration of different market models, our Call for Evidence asked if the current arrangements for BT’s legal separation were working effectively. We received a range of views on the respective merits of delivering legal separation compared to full structural separation.

153. Under legal separation, a more independent Openreach, with a greater openness to different models of investment and risk sharing, and sharper incentives to be responsive to all its customers, has the potential to increase infrastructure roll out. At the same time, the option of structural separation could increase Openreach’s incentive and ability to invest in full fibre by allowing greater access to lower cost capital.

154. We recognise the important steps that have been taken by BT Group and Openreach to implement legal separation, including setting up the Openreach Board, responsible for setting Openreach’s strategy and overseeing its performance, and industry engagement on technology investment choices.

155. While Ofcom is broadly satisfied with progress towards legal separation, it has concluded that more needs to be done to fully realise greater independence, especially in decision making. The Government wants legal separation to be completed as soon as possible and for Openreach to address all outstanding actions, particularly the transfer of staff from BT to Openreach.66 Openreach should also fully comply with Ofcom’s regulatory obligations on ducts and poles access. This will be fundamental to ensuring all market participants are able to compete on a level playing field, whilst reducing costs of fibre deployment.

156. It is too early to determine whether legal separation will be sufficient to deliver the positive changes on investment in full fibre infrastructure. The Government will consider all additional measures if BT Group fails to deliver its commitments and regulatory obligations and if Openreach does not deliver on its purpose of investing in way that responds to the needs of its downstream customers.

[toon1966] 23/7/2018 07:47

This is important: The Government’s overarching strategic priority is to promote efficient competition and investment in world-class digital networks. The Government’s view is that promoting investment should be prioritised over interventions to further reduce retail prices in the near term, recognising these longer-term benefits.

[ayl30] 23/7/2018 07:37

Quote relating to BT" The legal separation of Openreach from BT Group has the Government's backing, and is critical to deliver better connectivity for consumers throughout the UK. We recognise the important steps that have been taken by BT Group and Openreach to implement legal separation, including: setting up the Openreach Board, responsible for setting Openreach's strategy and overseeing its performance; and proper industry engagement on technology investment choices. The Government wants legal separation to be completed as soon as possible and for Openreach to address all the outstanding actions identified in Ofcom's first progress report, particularly the transfer of staff from BT to Openreach.It is too early to determine whether legal separation will be sufficient to deliver positive changes on investment in full fibre infrastructure. The Government will closely monitor legal separation, including Ofcom's reports on the effectiveness of the new arrangements. The Government will consider all additional measures if BT Group fails to deliver its commitments and regulatory obligations, and if Openreach does not deliver on its purpose of investing in ways that respond to the needs of its downstream customers."

[hamhamham1] 23/7/2018 07:34

Ooh, good spot toon, will have a read.
(I will start on page 74 with the recommendations, then read from front ;)

[toon1966] 23/7/2018 07:23

DCMS Review -

[pacemaker1000] 22/7/2018 14:26

Hammy...I’ll think you’ll find it’s 1.71!
Best in the FTSE.
EDIT: Sorry hammy I misread...doh!
Thought you were talking about BT....yeh Voda has a poor DC as are some companies that are doing better than BT. From what I’ve read BT at 1.7 is after pension deductions. It’s a misconception that BT needs to cut divi. It would only do it to fund investment which it shouldn’t do without guaranteed return. And that’s down to ofcom.

[hamhamham1] 22/7/2018 13:52

That doc shows Vodafone with a divi cover of 0.76x so that could be why their price is down? They need to cut divi or borrow money to pay it?