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FY25 Outlook:
New guidance for significantly increased short term cash flow
This enhanced cash flow allows us to increase our dividend for FY24 by 3.9% to 8.0 pence per share
Adjusted revenue growth of 0-1% and EBITDA of around £8.2bn; capital expenditure excluding spectrum less than £4.8bn; normalised free cash flow of around £1.5bn
• Mid-term guidance:
Consistent and predictable adjusted revenue growth and EBITDA growth ahead of revenue, enhanced by cost transformation from FY26 to FY30; capital expenditure excluding spectrum less than £4.8bn until FY26, reducing by c. £1bn post peak FTTP build; normalised free cash flow of c. £2.0bn in FY27 and c. £3.0bn by the end of the decade
But profit down and debt up..... can't see these results setting the FTSE on fire this morning
Growth and dividend increase.. not much more you could ask for .
Nice!
I read something today that said the investment in fibre last year was £5.3bn and this year it’s £5.0bn
That would partially cover the dividend even if the figures worsened.
As I have posted before the investment is front end loaded so each year should see a reduction in capex, the reduction increasing more each year
Divided will be fine, Tang has a agenda and is biased, wouldn't be surprised if he taking a few back handers!
117 -118p tomorrow followed by 120-122 Friday
Share price usually moves 10p either way on the day with Bt results
My guess is 115.
Polo Tang is forecasting a dividend cut I hope he is wrong …..not because I want the money…..I just want him to be wrong!
Shorters not Shooters - though you could shoot the shorters …..
Savage - like your thinking. Given the recent traction - add the dividend and c.5% I am going for £1.27.
Teaching the shooters a costly lesson and allowing the CITY to react to what the new CEO has to say about her path for the future.
GLA
C
Let us prey for our beloved Dividend , may it remain safe and untouched at a glorious 5.39 pence a share
Amen
Regardless of new/results good or bad it will fall, its what we have come to expect is it not.
I expect it to drop on results and maybe next week climb, a bit like Vodafone has done
Back to 107-109 i reckon
Just for fun share price to hit £1.42 before dropping back to finish day at £1.22
Well that would be lovely.....
A few thoughts on this weeks rise, looking at the chart over three days it is a rather contrived slow rise, you might say very deliberate.......
Thoughts that this was someone slowly stake building or shorts slowly covering.
Whatever it was I'm not complaining.
As for tomorrow, I'd go for 118-120p, more would be perfect.
1.03 - 1.04
132-134p
IDoMyBest - the bit of the claim I cited didn't talk about inflation linking payouts/awards... it only mentioned applying an 8% simple interest rate. The two are completely separate things (interest rate and Inflation rate). Cheers for the link on 8% being a standard figure, helps to understand how they derived the figure. Especially given that no other members of the public have their savings index linked to the inflation rate (you have to spend/invest or save in an interest paying acct - okay some index linked bonds are available to buy from time to time).
Surely it would be based on inter3st earning bank accounts
8% Simple Interest is a standard figure, it appears to be what the Financial Ombudsman Service uses.
https://www.financial-ombudsman.org.uk/businesses/resolving-complaint/understanding-compensation
The spending power of the compensation has degraded significantly since the 'overcharging took place. The last accounting date for that appears to be Jan 2021.
Since Jan 2021 to March 2024 we have experienced circa 19.25% inflation. I assume that this will be added to the claim.
https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator
That said, they could just add interest rates available since the time the overcharging took place.
since that date Jan 2021 rates have gone up significantly, Assuming they base it on LIBOR (as a minimum)
https://tradingeconomics.com/united-kingdom/interbank-rate#:~:text=Interbank%20Rate%20in%20the%20United%20Kingdom%20averaged%204.87%20percent%20from,percent%20in%20December%20of%202020.
Which has also risen, but no where near as much as inflation.
Added these at 109p when it rose 3%. After the results tomorrow, will look to add or if it is going down then will sell the ones at 109p. Another 2yrs or more for this to re-rate considering the big debt but at some point in future, it will re-rate. JPM has 290p target, given in April! Hopefully it goes up to 125p short term after the results tomorrow.
I agree with your POV fleccy and additionally the claim has this bit of text: "Aggregate damages have been given a preliminary estimate of £589 million (on the basis of 8% simple interest, comprised of £238 million for BT Voice Only Customers and £351 million for BT Split Purchase Customers)."
That's a very high interest rate considering BoE rates were 0.5% and even 0.25% for much of the time period in question. There's other holes in the litigation imo as well which are very sizable.