Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Amongst other things, like improving the performance of the Business division....the market wants to see the new CEO deliver her stategy and captial allocation plans ..and have any court case liability risk removed
New rankings have Sky first ( best ) but BT next three places Plusnet,EE,BT worst performance from Virgin Media….by a mile! looks like tales of woe in press overstate problems in customer service.
Drahi and Kretinsky (has bid for IDS/Royal Mail) are bit stupid. Drahi bought his large stake here at a far higher SP.
Price to book is also below 1.
They're putting every spare penny into capex for FTTP and 5G rollout, it'll be a while before the dividend will increase.
Pass cash to shareholders via a special dividend gets my vote.
FTSE at (or near) an all time high, BT near an all time low, sums up the stock market, corrupt and manipulated.
Loss making companies worth multiple billions, profitable companies unloved and undervalued.
Oh dear, Strategy Group has two years to come up with a grand new investment idea to spend the cash that gets freed up when the roll out is done, another sports channel perhaps?. It would be more hopeful if she doubled down on cost reduction.
BT has a better debt to EBITDA ratio than Verizon, AT&T and Vodafone.
2.5x vs the others closer to 3.
It also has by far the lowest P/E of around 5.
Dividend is covered almost 3x.
People have an agenda to keep the SP down, like IDS. Dark forces constantly spin negative news about BT.
Thanks for the article Fleccy, it’s obvious that the name you’ve never heard of selling something you’re not familiar with using a business model that is totally reliant on debt is going to fare less well than a known name less reliant on debt.
No amount of huffing and puffing by OFCOM is going to change that without hobbling BT which I’d hope would be resisted by our new CEO as it would delay the roll out.
The altnets will continue to cry foul but with the wave of money backing them they knew what they were walking into.
Hope the level playing field doesn’t get tilted in their favour because they complain so much.
Sobering thoughts on Altnets, very similar to Jansen's analysis.
Wacky Races
https://www.youtube.com/watch?v=gZNf0G6Vnq8
"Openreach has deployed fibre to “just under” 14 million premises, of which four million are “right here in the north”, and the operator’s £15bn build programme is on track to pass 25 million homes by 2026, she said.
Grimes distinguished the operator’s rollout as the “fastest” in Europe and the only one in the UK that has committed to a “proportional build of rural and urban footprint” as it rolls out fibre to “anywhere that is economically viable”.
She also flagged Openreach’s 34% takeup rate, which is the figure the operator reported in its quarterly results for the three months to 31 December 2023. The operator expects this to grow to “50%-plus in the coming years”."
“ Altnets are in a difficult spot right now, given the cost of money, under-penetration, and dreams not coming to fruition. It’s a moment of peril in terms of people thinking that there’s plenty of capital to build. All those billions [from investors] that came into the UK, they’re scratching their heads right now thinking about what has happened to my investments.”
https://www.telcotitans.com/btwatch/openreach-targets-30m-full-fibre-premises-nexfibre-calls-for-altnet-ramp-up/8014.article
Is that why one of the shorters was buying yesterday!
What inside track do you have to know that large investors are thinking of selling….?
Do tell, otherwise it sounds just like another tiresome deramp.
Mulder , 5.52 according to this site. Either way less than the competition. I’ve never seen a comprehensive analysis that takes all the positives as strongly as all the negatives. All you hear is pension and altnets and capital cost of roll out if someone is making the bear case and Openreach and EE and how capital spend will end soon and profit will ramp up if the bull case is being pushed.
Let’s be fair everyone has their reasons for pushing their views but an objective valuation is extremely rare as it needs to take in pros and cons so rarely meets anyone’s agenda.
Proof that it’s losing out? Last data I saw said that penetration of new contracts from possible arising from new fibre was twice that achieved by altnets. Pension gap also closing. Have you also researched the headwinds facing the US companies and altnets ? In addition consider the huge debt fuelling their roll outs ? If you’re going to push the bear case on BT I’d suggest that research on the competition may also be useful.
Wondering why large shareholders is thinking of selling. Just the rumours not sure if they are playing a game 🤔
I would say the pension deficit is well on its way to being resolved. BT owns valuable assets like Openreach, EE and its core/access network assets. A good chunk of the Net Debt is lease liabilities, which will steadily reduce over time, and the financial debt is easily manageable. The £5 Billion a year capex bill will also decline post 2026 and BT/Openreach will still have the largest Network coverage of any provider in the UK. If the market is as forward looking, as we're led to believe, why doesn't the above ever get mentioned?
Personally I'm going to continue topping up BT stock while I consider the price to be dirt cheap.
BT has a better debt profile than Verizon.
Lower debt to EBITDA also.
Food for thought?
There are reasons why p/e is 5. BT has huge final salary pension legacy and also losing out to competition.
BT's P/E is only 5 actually.
Glad I sold DS smith at 399p and put it in here at 102p.
Consolidating my holdings to 10 stocks
Hoping Royal Mail gets a new bid soon and I can sell and transfer funds here and phnx
Abject, Yes there are some similarities.They are both well down from previous highs but Verizon PE is over 14 ATandT is over 8 and BT is 6.