Share Name Share Symbol Market Type Share ISIN Share Description
BT Group LSE:BT.A London Ordinary Share GB0030913577 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  +1.65p +0.67% 246.50p 23,279,384 16:35:05
Bid Price Offer Price High Price Low Price Open Price
247.05p 247.20p 248.40p 244.05p 245.35p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Fixed Line Telecommunications 23,723.00 2,616.00 20.50 12.0 24,457.5

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Date Time Title Posts
19/10/201810:03BT - Where next ?31,326
16/10/201817:08Ј1.20 here we come21
29/7/201820:06BT Group PLC _ ACTIVE INVESTORS CLUB (BT.A)26
28/6/201814:30BT at Ј112
27/5/201818:48BT Group20

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BT Group (BT.A) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-10-19 15:52:51247.4179,670197,113.75O
2018-10-19 15:52:47247.9058143.78O
2018-10-19 15:52:46245.0857139.69O
2018-10-19 15:52:46245.1559144.64O
2018-10-19 15:52:46247.003688.92O
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BT Group Daily Update: BT Group is listed in the Fixed Line Telecommunications sector of the London Stock Exchange with ticker BT.A. The last closing price for BT Group was 244.85p.
BT Group has a 4 week average price of 222.20p and a 12 week average price of 216.80p.
The 1 year high share price is 278.50p while the 1 year low share price is currently 201.25p.
There are currently 9,921,903,076 shares in issue and the average daily traded volume is 37,496,208 shares. The market capitalisation of BT Group is £24,457,491,082.34.
hamhamham1: I am happy the longer that time passes where the share price doesn't create new lows. You could look at about May 16th was the halt to the declines, now 3 months on it is still 10-15% above that level inc 10p divi taken out. I think 3 months is probably the longest the share price has gone without creating new lows. So I am also optimistic that it has broken the 30 month down trend, it was always going to be hard to do but inevitable it would, when was the only question.
hamhamham1: With sector rotation now gaining more acceptance as the next stage of this economic cycle. I wonder if buying into the telecoms in the US also includes buying BT ADR's? They certainly look good value with the BT share price down and the dollar up... See below for the approx buy rates in dollars for BT shares over the past 5 years: Sep-14 BT Share Price GBP - £3.98 USD/GBP rate - 1.63 BT Share Price USD - $6.49 Sep-15 BT Share Price GBP - £4.15 USD/GBP rate - 1.56 BT Share Price USD - $6.47 Sep-16 BT Share Price GBP - £3.90 USD/GBP rate - 1.3 BT Share Price USD - $5.07 Sep-17 BT Share Price GBP - £2.84 USD/GBP rate - 1.35 BT Share Price USD - $3.83 Current BT Share Price GBP - £2.26 USD/GBP rate - 1.28 BT Share Price USD - $2.89 So, looking very cheap if you have dollars to invest! I have also put in the price that would have been paid for BT shares in USD when BT shares hit their peak in Nov-15: Highest GBP share price over last 5 yrs (Nov-15) BT Share Price GBP - £4.99 USD/GBP rate - 1.27 BT Share Price USD - USD 6.34
hamhamham1: Dr Smith. So if the CEO of e.g. Debenhams tweeted that they are fully funded to be able to take it private at a price substantially above the current share price, which then sent the share price soaring and investors piling in, then thats OK, even if the funding wasn't in place?
hamhamham1: I think the share price will creep back up to 240p+ area over the next week or two. The trajectory angle of the share price since 7th June looks nice. Before, any attempted recoveries were a lot steeper and rolled over quickly (on each previous attempt, the shooting up quickly was a good sign, showing that investors were prepared to pile in). If you look at the 1 year chart for example you can see this recovery line is nice and straight (even allowing for divi). I am no chartist but I like the look of the share price path. Hopefully the new CEO will bump up nicely as well. And if it takes a year or two or even three to get back up towards previous levels, I can happily wait.
hamhamham1: Toon. Surely he has to get investigated for that? I mean, surely he has to at least prove that the $70bn funding facility is in place? I hear he has a bond up for renewal (or something) that has a consequence that he has to stump up $1bn cash soon if the share price isn't at as certain level? (let alone it being seen as a dodgy way of trying to force some of the short sellers to buy back - 28% of their stock is out for short I believe currently?). The SEC should do something, else it's going to be the method of choice for any ailing company to try and buck the market share price! Apparently in his letter to the employees, he's said he was sick to death that the value of the company is being related to it's quarterly performances :) hTtps://
hamhamham1: BT Group plc: does a 7% share price rise suggest further gains are ahead? The last month has seen the BT Group plc (LON:BT.A) (BT.A.L) share price rise by around 7%. That’s a strong performance in my view. I had anticipated that investor sentiment could remain weak until the appointment of a new CEO, but the stock market seems to have warmed slightly to the long-term prospects for the business. Of course, there could be significant change ahead for the FTSE 100 company. A new CEO may look to overhaul the strategy which is currently in place – even though it has been live for a relatively short space of time. This could create instability, with the prospect of changes to dividend policy, investment in sports rights and the breadth of the company’s operations having the potential to cause a period of uncertainty. In my view, the current strategy adopted by BT could have a positive impact on its share price. It appears to be focusing on the right areas, with cost reductions and investment in its pay-tv offering having the potential to boost its financial performance in the long run. Sure, those changes come at a cost. Investment in sports rights has been a drain on cash at a time when pension liabilities and dividends have become more costly. But with interest rates set to rise as soon as later today, the affordability of major pension schemes could improve for companies such as BT. Looking ahead, I expect increasing volatility to occur. Major changes could be ahead, and this could lead to investors pricing-in a larger discount in the form of a lower valuation. Already, the stock has a PE ratio of around 9, which is one of the lowest ratings in the FTSE 100 at the moment. Therefore, while I’m bullish about the long-term turnaround prospects for the stock, I think that in the short run there could be increasing volatility ahead. hTtps://
hamhamham1: This is probably why BT's fall today? (on a positive side, even with this price re-rate, it still means a 25% upside to the share price from here) :) And they do acknowledge that BT are tackling the issues, so that's good, but you can't expect all the issues to be resolved in a couple of months, I am happy with the progress to date. BT has 7% dividend yield but lack of catalysts lead to RBC downgrade RBC cut its rating on BT to ‘sector perform’ from ‘outperform’ and lowered its target price to 275p from 385p. BT Group plc (LON:BT.A) has a successfully dealt with a number of overhanging issues but there are few catalysts to re-rate the stock in the next year, RBC Capital Markets said. RBC downgraded the stock to ‘sector perform’ from ‘outperform’ and lowered its target price to 275p from 385p. In reaction, shares fell 1.7% to 219p in late morning trading. “Although BT is underpinned by a 8% free cash flow yield, a 7% dividend, and potential convergence benefits, we see few catalysts to re-rate the stock in the next 12 months," RBC said. Lack of catalysts RBC pointed out that BT is yet to confirm a replacement for outgoing chief executive Gavin Patterson, who leaves at the end of the year. READ: BT boss Gavin Patterson to step down later this year The broker thinks BT’s strategic position could allow it to use convergence to stop line loss and neutralise the threat from alternative networks but the company’s attitude of “safety first” and incremental approach mean this is likely to take several years before it becomes mass market. BT’s convergence plans involve combining broadband, mobile and pay-TV as a single service and bill. RBC also highlighted that BT expects a £1bn headwind over the next three years as a result of stricter regulation that forces the company to lower wholesale prices for its Openreach network. This will mean lower input prices for competitors, allowing them to cut retail prices to compete with BT. New KPIs 'may cause concern' RBC said BT's new key performance indicators that it will use from the first quarter of 2019, do not provide details on broadband or mobile net adds. “While we understand the desire to move away from 'net adds' as the market matures, not disclosing such important metrics may cause concern, given the widely held sceptical view that companies tend to obfuscate bad news,” RBC said. “Indeed, reduced disclosure often, in our view, portends badly for future operational performance.” Dealing with overhanging issues More positively, BT has navigated through a period of regulatory uncertainty. The company has settled its dispute with the Ofcom over the structural separation of Openreach and survived the government’s Wholesale Local Access review. Another issue BT has dealt with is its pension scheme. Following the completion of its triennial pension review, it is swapping £2bn of pension deficit for financial liabilities via a bond issue to the scheme. "BT has successfully dealt with a number of issues that have been overhanging the stock for the past 18 months," RBC acknowledged. It added: "Having done the "hard yards", and with a 7% dividend, one could expect some easing of the environment and a potential relief rally (esp. if defensive stocks come back into vogue). However, we are hard pressed to find any catalysts that could cause the market to reassess BT's prospects in the next 12 months." hTtp://www.proactive (remove the space between proactive and ivestors to restore the link)
hamhamham1: Bad news for any prospective new investors in BT, due to the share price recently rising to 223p the dividend is now returning less than 7% (it's only 6.9% at yesterday's close). Moreover when the share price reaches 261p then the divi return will be just 5.9%. But worse is to come because when the share price hits 314p then the divi return drops to a mere 4.9%. I for one, intend to keep strong throughout these testing times ;)
hamhamham1: I think 220p will be hit today, let's see. - it's 50/50 - and pointless me saying it really :) Did this article get posted here? hTtps:// Personally, I’ve always avoided BT (LSE: BT.A) as an investment because, while the company does have some desirable traits, it also has plenty of other negative qualities. The most significant sticking point for me has always been its debt. I try to avoid companies with high levels of debt because they lack financial flexibility. At the last count, the group reported a net debt figure of £9.6bn, and that’s excluding the pension deficit of £11.3bn. Taking action The good news is, the company is taking action to reduce it’s retirement obligations. Last month BT agreed to a 13-year recovery plan with the trustees of the pension scheme. Under the terms of the deal, the group will make payments of £2.1bn by March 2020 with a further £900m a year due after this initial balloon payment for 10 years. Management has also offered to raise an additional £2bn for the fund by issuing more bonds. This is a bitter pill to swallow for investors as it will reduce the amount of cash available for distribution. But by cleaning up part of its balance sheet, the company is heading in the right direction. At the same time, over the next few years, BT is planning to undertake a massive restructuring of its business. As part of this, the firm is planning to move from its London headquarters site and cut 13,000 back office and middle management jobs. Unfortunately for staff who will lose their jobs, this appears to be the right course of action. Compared to international peers, BT looks like a bloated corporate beast. The company’s operating margin has steadily declined over the past five years from 15.5% to 13.3%. For comparison, US peer Verizon Communications reported an operating margin of 21% for its last financial year. Telecom Italia margin is 16%, and Swisscom AG sits in the middle with 18%. The root of the problems I believe the bulk of BT’s issues can be traced to the decisions of its former CEO Gavin Patterson. Since he took charge in 2013, the group’s revenue has increased from £18.3bn to £23.7bn, but higher operational spending has kept net profit flat. Mr Patterson’s empire building has done the company no favours. His decision to spend more than £5bn on sports rights and then £12.5bn buying mobile provider EE starved the group of cash, leading to higher debt and underinvestment in its core telecoms business. And as I noted above, there’s little to show for this spending. Revenue is higher but so are costs. Meanwhile, net debt has jumped by more than £2bn, or 24%, and the number of shares in issue has risen by a fifth, diluting existing holders. Return on capital employed, a measure of how much profit a company is generating for every £1 invested in the business, has declined from 16.9% in 2014 to 9.7% for 2018. All of the above leads me to conclude that Mr Patterson has done nothing but destroy shareholder value over the past five years. In my opinion, BT would be in a much better position today if the company had stuck to its core focus, and rather than investing billions in trying to break into new markets, reinvested the cash into its existing network. When Mr Patterson took over, BT was the UK’s largest telecommunications provider by far with a dominant and unrivalled position in the market. Competitive advantages only last if a company invests in keeping competitors at bay, which it has failed to do. Not only is the company now facing attacks on all fronts from multiple competitors, it has also attracted the ire of regulators who believe the business has let down customers by chasing after new markets. Sharon White, head of Ofcom, recently speculated that BT was in danger of going the same way as Kodak and Polaroid unless it stepped up investment in fibre. Changing of the guard It finally looks as if the company has got the message. BT is now planning to devote £3.7bn a year to upgrading its mobile and fibre networks. Part of the funding for this will come from cost savings of £1.5bn projected to be achieved from job losses. What’s more, it’s beginning to look as if it is contemplating winding down its pay-TV operation now Mr Patterson is no longer in charge. It is believed that the former CEO was forced to step down due to a loss of investor confidence. The Financial Times reported the same set of investors think the firm’s foray into pay-TV, notably the high-priced sports rights binge was a mistake the company should seek to reverse. All in all, it looks to me as if BT is going to reverse course over the next few years and double down on what it knows best, telecommunications. By investing in its core network and slowing spending on other expensive ventures, the business should also be able to start substantially reducing its tremendous debt pile — even after taking into account the excess pension payments. Time to buy? With this being the case, it looks to me as if the BT share price could be an attractive buy at current levels. As the group’s problems have built up, its share price has plunged to a low not seen since 2011, dragging the valuation down with it. At the time of writing, the stock trades at a forward P/E of just 7.8, supports a dividend yield of 7.4% and trades at an enterprise value to earnings before interest tax depreciation and amortisation ratio (EV/EBITDA) of 4.7, around half of the telecommunications industry median. There’s plenty of bad news already baked into this stock price, and in reality, I don’t see much further downside if BT continues to struggle. However, if the group’s turnaround plan starts to yield results, the stock could more than double (based on the EV/EBITDA ratio) as investors return.
careful: On the topic of Deutsche talking up BT and saying positive things about them. As Mandy Rice Davies once said, 'they would say that wouldn't they?' They are stuck with this 12% holding which has lost them millions. They look very stupid and are desperate for the BT share price to recover. If they hint at a deal the BT share price will rise increasing the value of their holding. On the other hand the low BT share price must tempt them and they are unlikely to sell. That is if they are not put off by the debt and pension deficit. Who would wish to take that on?
BT Group share price data is direct from the London Stock Exchange
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