Bt Share Discussion Threads

[hamhamham1] 24/7/2018 13:31

BT dodges bullet as analysts see government's full-fibre broadband pledge as positive

"Yesterday’s government infrastructure review moved the regulatory debate forward in a way that we think is supportive,” Jefferies said.

Pros and cons of infrastructure review for BT:

“Our 'first reaction' view is that the contents of the government's FTIR are very clearly positive for BT,” said Numis.

The broker said the proposals will reduce costs and barriers to investment. It will also promote "stable and long-term investment" since the government has suggested Ofcom reviews telecoms markets every five years instead of the three, Numis added.

Numis maintained a ‘buy’ rating on the stock and a target price of 325p.

Barclays believes the suggestion of increased regulatory certainty and rural subsidies “should be taken positively” for BT.

However, the bank noted that the government has suggested telecoms firms be given access to dark fibre in areas where duct and pole access is not possible.

The right of access to Openreach ducts and poles is currently restricted to networks used primarily to deliver broadband to small offices and homes. The FTIR said Ofcom should consider removing these restrictions on use “as soon as possible".

Barclays said for BT this risks loss of infrastructure market share, especially on its current fibre rollout, with alternative providers likely to “seize on the investment opportunity, setting up a likely land grab”.

Jefferies thinks BT will benefit from the FTIR since it creates a sense of urgency for upgrading the UK’s broadband infrastructure, recommends deregulation that will free Openreach from the prospect of price controls and gives priority on investment over interventions in retail prices.

It left its rating on BT at ‘buy’ but raised its target price to 250p from 245p.

“Yesterday’s government infrastructure review moved the regulatory debate forward in a way that we think is supportive,” it said.

investors.co.uk/companies/news/201445/bt-dodges-bullet-as-analysts-see-government-s-full-fibre-broadband-pledge-as-positive-201445.html

(Remove the space between proactive and investors to get link to work)

[lurker] 24/7/2018 11:03

Of course he's in...he's always in when its going up, and he's always short when its going down...thats how you get to be no 1 trader!

[gymratt] 24/7/2018 10:47

So you're back in then, Monty?

[montyhedge] 24/7/2018 10:39

You are getting excited, if my guess is right and its the ex CEO of Vodafone, I suspect he will kitchen sink everything, cut the dividend, he can blame the last guy and get BT back on track. But looking good at the moment, everyman and his dog piling in for Friday.

[kmann] 24/7/2018 10:28

Some good news out for BT recently.

What does the market like? CERTAINTY

looks like we broke the downtrend.

Time to load up this imo. With EVERY home getting plugged in to fibre, that means every home will start using it. And lets face it, more services being piped in to the home now, phone, bb, tv, smart home etc

Fibre is now an essntial service!

BUY 300p

[kulvinder] 24/7/2018 10:21

I think we will see £2.30 very soon, possibly £2.40 prior ex-divi...

[hamhamham1] 24/7/2018 10:14

Exciting times.
Happy holder.

[toon1966] 24/7/2018 09:49

As stated by Ham:

BT offers discounts to ISPs in push for faster broadband

(Sharecast News) - BT Group has offered discounts for internet service providers to upgrade customers to faster broadband as the government seeks to overhaul Britain's digital network.


The company said the offer, made by its Openreach infrastructure arm, should bring superfast and ultrafast broadband to most homes and businesses over that period.

BT said the plan was the result of months of discussions with companies such as Vodafone and TalkTalk to give them long-term discounts in return for commitments to upgrade customers from mainly copper-based services.

Clive Selley, Openreach's chief executive, said: "This offer is a win/win for communications providers, their customers and Openreach. It will help Britain's homes and businesses to experience the benefits of faster and more reliable broadband. And it will incentivise our wholesale customers to participate in our long-term investment in digital infrastructure by upgrading more of their customers to superfast and ultrafast services."

BT published its plans a day after the government said it would spend up to £5bn to connect the most remote parts of the UK to fast broadband as it attempts to catch up with rival countries to compete in the digital economy. The UK only has 4% full-fibre connections compared with 71% in Spain, 89% in Portugal and 28% in France, where coverage is increasing quickly.

On the day of BT's announcement Ofcom, the communications regulator, set out its own plans to encourage investment in faster broadband. These include regulating business and residential markets together, opening up Openreach's ducts and polls to more providers and more flexible regulation according to the level of competition in different parts of the country.

[montyhedge] 24/7/2018 09:09

My guess for the new CEO is the ex Vodafone boss Vittorio Colao.

[dmf] 24/7/2018 08:55

Possibly news on Friday regarding new CEO ..........who of course will be a person familiar with the telecommunications industry !!!

[iceman82] 24/7/2018 08:45

good rns , and share price responding well....

[hamhamham1] 24/7/2018 07:41

A couple of discount RNSs out today. Should make Ofcom happy and now they can let BT get on with the job in hand hopefully.
The worm is definitely turning here for investors :)

[hamhamham1] 24/7/2018 06:05

Gigaclear specialise in rural community connections, they got bought out by investment company and now gone private. They will do a bit. But if the gov give any funding then they will demand it is opened up with wholesale access for all. GC won't like that.
But like I say, I think the true answer in the really rural areas is pure 5G. And in rural communities then run fibre to the centre of the community as a hub point and spoke out 5G around it to cover the surrounding area.

[spendalot] 23/7/2018 22:17

can't wait to see Sky,Talk Talk, Vodafone, Virgin & city fibre etc etc build a network in the middle of nowhere, but of course they won't touch it with a barge pole and leave BT / Openreach to get hammered from Ofcom, gov & joe public with ref to BT getting all the funding then complaining they're not going quick enough.
unfortunatley BT will be dictated to and won't be able to refuse!.

[hamhamham1] 23/7/2018 17:56

Buying EE to provide the 5G capability hopefully will prove invaluable. I said before that in some instances that 5G could be a more logical answer than running fibre.
The report today also says that over the longer term it says is expecting to see a more converged telecoms sector — so it’s leaving itself some ‘last mile’ wiggle room on the ‘full fiber’ push, for example by pointing out that: “Fixed fibre networks and 5G are complementary technologies, and 5G will require dense fibre networks. In some places, 5G may provide a more cost-effective way of providing ultra-fast connectivity to homes and businesses.”

[hamhamham1] 23/7/2018 17:43

Ahh. Couldn't see the trade type from my phone looking at the lse site

[montyhedge] 23/7/2018 17:29

Ham
Its a UT trade, you should google it to find out what it means, nothing to get excited about.

[hamhamham1] 23/7/2018 17:23

Maybe Monty increased his stake during the day (on top of the 30m shares buy earlier), this showed up after the bell.

16:35:10
Buy
Price 222.25p
Qty 7,039,976
Value 15.646m

[hamhamham1] 23/7/2018 16:55

On reading more details, the gov say they are going to put £3-5bn of public money in to help finance some of the hard to reach areas...

Full fibre connectivity for all through an ‘outside in’ approach to deployment
Those areas that are likely to be unviable commercially for full fibre deployment will require
additional funding of some kind. We estimate this will include around 10% of premises across the UK. These, often rural, areas must not be forced to wait until the rest of the country has connectivity before they can access full fibre networks. Widespread connectivity creates opportunities for small businesses to tap into a global customer base and for people to work more efficiently. We will pursue an ‘outside in’ strategy, meaning that while network competition serves the commercially feasible areas, the Government will support investment in the most difficult to reach areas at the same time.
The additional funding from whatever source is likely to be region of c.£3 billion to c.£5 billion.
...
135. Our current analysis suggests that the additional funding requirement – i.e. in excess of the
level of investment in commercially viable areas – for the c.10% of premises not likely to attract commercial roll out of FTTP could be in the range of £3 billion to £5 billion. We have already identified around £200 million within the existing Superfast programme that can further the delivery of full fibre networks. The Government will determine the longer-term options for funding rural connectivity as part of the forthcoming Spending Review process.

[montyhedge] 23/7/2018 15:58

IAG I think you mean, it is at the moment until figures 3rd August.

[hamhamham1] 23/7/2018 15:54

Monty. Is AIG in that barrel?
Oops - yes IAG.

[montyhedge] 23/7/2018 15:23

Yes going to be like shooting fish in a barrel.

[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 :)