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“ It just needs a BT Director with Balls to visit Cummings with a Sample Plan and Contract.“
And we would TRUST that f#####g idiot with anything now ? Think not!!!!!!
"I agree, but wouldn't surprise me if the government expected BT to foot the bill ...."
Should the Government force Huawei out of UK network infrastructure, then the Government should pay for it. I would suspect that the Government could face litigation under these circumstances, should they change policy and they're probably currently working out how to action and pay for this possible reversal of policy.
The Conservative Government have committed to almost UK wide 5G fibre network by end of this Parliament.
Someone has to be placing ORDERS QUITE SOON.
This is right down BT and OpenReach road....
The good old days when Post Office Telecomms wired UK plc.
At engineering level, BT is still a Global Top Ranking telecomms company.
It just needs a BT Director with Balls to visit Cummings with a Sample Plan and Contract.
This is the best time for many decades for UK plc to lean on Government for Big Project funding assistance.
P
Here's part of an article from investing.com just now. Sale rumour mentioned again......
BT share price fell before the stock market crash The BT Group (LSE: LON:BT.A) share price took an absolute hammering long before the recent stock market crash. Again, Lance has spotted a value opportunity.
He says its Openreach division generates £2.6bn of earnings before interest, tax, depreciation and amortisation (EBITDA), and values it at £22bn. “The enterprise value of the entire group is currently £31bn meaning that all the other businesses are being valued at £9bn.” This is just three times historic earnings of £2.8bn. Now that looks tempting.
Selling a stake in Openreach could raise some much-needed funds. Unlike Royal Mail, the BT share price has barely recovered from the stock market crash, and trades 40% lower this year. Measured over five years, it’s lost three quarters of its value.
The group still faces challenges, but if you’re looking for a value play and understand the risks, it could be another tempting contrarian buy.
I agree, but wouldn't surprise me if the government expected BT to foot the bill ....
In USA, many shares are rising based on 5G plans.
With Trump blocking out Huawei....
Could same be happening here with BJ deciding Huawei are persona non grata?
Giving big opportunities to BT AND OpenReach?
US companies are very advanced on 5G products including one company that supplies Apple, Samsung AND Huawei.
It is no longer true to assume that Huawei own the technical lead, this has been dripping away rapidly c/o Trump.
Most people think 5G is just about mobile phones.
Not true. 5G is about Internet of Things, the vast benefits this brings to industry.
With this product strategy looming close, selling OpenReach would be a bad move.
At least, until 5G implementation is fully figured out and BJ is waving Government money our way....
P
Thanks fleccy too.
Am just trying to get it clear in my head.
It's just that i thought i'd read somewhere that they may possibly take on new investment money by hiving off a lesser percentage of the £20bn valuation locked up in Openreach. Thus not technically a sale as such.
To use to finance fttp.
Also, you would have thought that the SP would have retraced back closer to that £1 mark once denied....
"Just with it being in the FT & also other news outlets, they may have to wait a certain amount of time before they can address the issue."
I don't believe that anything's currently planned in relation to Openreach, but if there is and no agreement was formally documented when the BT directors purchased their shares, then how would anyone prove insider dealing? As i said, i don't believe personally that Openreach is up for sale, but if an announcement was made say on the Q1 results at the end of July, then i don't expect insider trading would apply. The share price has been trading up and down freely since the Director purchases, so they'd also probably have no case to answer if an announcement was made tomorrow.
I see. Thanks for that beth....
It's going back to £1 this rate... it's close your eyes time until goes low enough to attract some new investors
All parties have rebuked the story. Open reach is not for sale.
So where are we with this article in the FT re; Openreach sale?
It certainly had an effect on the SP at the time, some of which may still be there. Lifting it off the £1 mark.
But wouldn't the Director purchases at the same time have fallen foul of Insider Trading rules had it been true?
Question for those more up on the rules than me.
How long does it have to be, after these purchases, for the company to be able to talk about a possible sale?
Just with it being in the FT & also other news outlets, they may have to wait a certain amount of time before they can address the issue.
1 month?
3 months?
Anyone know?
I will remain with my hypothesis. In my opinion, the BT Group board were unwise to remove the dividend. A dividend cut to around 4 - 5%, at the current share price, would have helped to attract investors' interest when they were considering how to re-invest their capital after the marked appeared to bottom out.
Those carrying out their research on BT Group would have looked at virtually a negatively sloping line in the constant 5-year share price decline. Anyone examining the Board of Directors would have questioned the presence of the former CEO of Centrica, and ask what he could possible bring to BT's party?
It is obvious from recent investment trends that BT Group has failed to curry favour with the market in the immediate post corona virus lockdown era. All BT Group investors, including myself, will hope that this will change in the mid-term. From my own point of view, I would not hesitate to sell at break-even in the short term and take my chances elsewhere. As this is unlikely, I will try and remain positive and optimistic although the removal of any dividend for at least 20 months makes this difficult at present.
"So so so frustrating when everything else is recovering"
You just have to think of it a different way, it's only an issue if you're desperate to sell, otherwise the current price is meaningless. The market will shake out the weak. Personally I don't see an issue with BT and believe that things will come good in the end.
So so so frustrating when everything else is recovering and we are not it's a drain and bad news will send this down while it's already rcok bottom
"Just got to run with the pack to make money."
Depends on the company you're invested in. I wouldn't invest in a company at risk of going bust.
Even Barclays have overtaken bt now. At least they still have a business unlike ba and jdw who are up by 8 and 3 % respectively. It's no good talking logic when it comes to the stock market tho. Just got to run with the pack to make money.
Patience of a saint !
"You should sell then, since you came on just to post a strong sell opinion. Personally i'll hold as long as it takes."
Here, here. The patient BT investor may have to show patience, this will be rewarded, too many investors want instant rewards. Slowly, slowly catchy monkey.
"BT is by far my worst investment ever, i remember when this Covid19 pandemic started i was happy to be invested here"
You should sell then, since you came on just to post a strong sell opinion. Personally i'll hold as long as it takes.
Yes mine to. We are not going up with the ftse recovery.even vod up since march 45 percent.
BT is by far my worst investment ever, i remember when this Covid19 pandemic started i was happy to be invested here. (You know this BS of Telco is defensive, not much involved by pandemic etc). Now this position is so bad, it cant barely hold a 10% gain from the low when the market skyrockets and even Airlines are making big gains and other telcos like Deutsche Telekom is already positive for the year.