Bt Share Discussion Threads

[poikka] 07/5/2020 08:10

What a day to announce a tie-up between Virgin media and O2 - and me a conspiracy theorist, lol.

[shammytime] 07/5/2020 08:08

This will settle at around 95

[wapper] 07/5/2020 08:07

Institutions won't just dump them that's for sure.Many will add around £1

[jenny tulwought] 07/5/2020 08:07

Message from Philip Jansen to the staff...




Today we are announcing the biggest digital infrastructure investment in a generation and sharing last year’s results.

Looking back at 19/20
The last year has been hugely important and incredibly positive for the future of BT. We launched new customer offers and more converged products, we brought BT back to the high street, and we relaunched the BT brand. Not only that, but our customers are happier and we continue to strengthen our FTTP and 5G networks. Thank you for your phenomenal response to my challenge to unleash the real BT.
These achievements are reflected in our financial results, which are as we expected. Adjusted revenue and adjusted EBITDA were both down 3% at £22.8 billion and £7.9bn, respectively. This is a strong performance, in what is a challenging market with declining legacy products, which is why we can’t stand still.

Our response to the coronavirus pandemic
You’ve all heard me speak about BT’s systemic importance, and recent events have thrown that into sharp focus. The current pandemic has challenged every aspect of our business. Keeping people connected has never been so vital, yet we’ve had to do that whilst working in new ways ourselves and ensuring that all of you are protected.

You have been true heroes. I’d like to thank you all for the important work you’re doing. Every day I see dozens of examples of innovative ideas, incredible efforts for our customers, and genuine acts of kindness to help people connect with loved ones. We have stood by our customers, our colleagues and the countries we work in. Because we have a shared belief; that we are here to deliver not just connectivity, but the true benefits that it brings to people.

Looking forward
As we move into a new year, we are significantly stepping up our FTTP investment. Today we are announcing that we will increase our target to 20 million premises by the mid- to late-2020s, that’s almost two thirds of the UK with a commitment to build significantly in rural locations, making this £12 billion investment the biggest in the UK’s digital infrastructure for a generation.
We are also ready to launch the next phase of our modernisation programme, to be a leaner, simpler and more agile organisation. The work we started in 2018 is largely complete, a year ahead of schedule. However we have much more to do. Over the next 5 years, we need to radically modernise and simplify the way we work to help our customers, and you. Re-engineering processes, rationalising products and switching off legacy systems will save us £2 billion a year.

These actions will have a huge impact on the business, which is why we need to take a long-term view that will reward everybody. Therefore despite a good performance last year, we have taken the tough decision to suspend last year’s final dividend and all dividends for this financial year ending March 2021.
I know this is a lot to reflect on, which is why the Colleague Board will be out and about today asking for your questions. We will be discussing them on Workplace and BT Today later on.
Thank you

In a time of uncertainty we have proven who we are and what we can do. Thank you. We have put our customers and society first — and we have gone out of our way to help those who need us. But we also know that we need to continue to invest and to simplify our business, to make sure we can rise to every future challenge as we build a better BT for the future.
Thank you all.


Philip

[eaaxs06] 07/5/2020 08:07

Currently 101p

[owenga] 07/5/2020 08:07

Only down 10%?

[unastubbs] 07/5/2020 08:05

ominous...no quote. seen this movie before!

[eaaxs06] 07/5/2020 08:02

Sell:131.35p Buy:98.60p

They're struggling with the opening auction.

[wapper] 07/5/2020 08:02

Agree unastubbs ...I will add only if these are seriously marked down.

[plentymorefish] 07/5/2020 08:00

He could end up as number 6 trader at this rate....

[orinocor] 07/5/2020 07:58

Another disaster for Monty. I feel sorry for the lad. Completely clueless and out his depth.

[unastubbs] 07/5/2020 07:57

wapper, yes but why buy now? investors who need income over the next 18 months will be dumping these, so the price will fall big time, just like shell last week. however in that case there was a bounce fairly soon after (linked to oil price gains). let's wait and see...

[tcarter66208] 07/5/2020 07:57

Apparently so yes.

[eaaxs06] 07/5/2020 07:56

We’ll be looking back on this decision in 9-12 months and saying it was the right thing to do.

A master stroke by Jansen and du Plessis.

[action] 07/5/2020 07:55

Better Bt put up sale sign to be merge and taken over. Very sad ..

[action] 07/5/2020 07:52

Did management cancel their bonuses and pay rises? Will worth to know.

[action] 07/5/2020 07:48

Or preparing warchest against new joint force of O2 and Virgin. But they have no chance to win this battle as they do not have deep pockets like liberty.

[buywell3] 07/5/2020 07:44

net debt has risen to 18 Billion pounds

17,969M 11,035M


buywell can see the COE taking a chunk of these to keep them going

50p on market weakness is my call

IMO dyor

[careful] 07/5/2020 07:43

tactically sound not to annoy the regulator in these times.
Boris and his big plans for broadband are being achieved by BT.

if they have used HMG furrow scheme they will be expected to cancel the divi as others have.
It looks bad to reward investors when so many are struggling and worried.

Only Amazon and Tesla can make zero profit invest for the future and see their shares rise.

Right to cancel divi.

[qs99] 07/5/2020 07:42

not good IMO, but let's see how market takes it. IMO this is a pension fund wrapped up with a bit of a business on it....zero divi, makes you wonder why buy quite frankly....DYOR

[diku] 07/5/2020 07:39

monty...I told you on the divi...who is no;1?...

[montyhedge] 07/5/2020 07:38

EBTIDA nearly 8 billion, free cash flow over 2 billion, no dividend don't get it.

[milliethedog] 07/5/2020 07:37

Liberty Global, Telefonica agree $38 billion merger of UK businesses