The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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31% drop in profits...little growth. Not so sure imho
BT sees profits drop 31%, predicts little growth this year
Press are not interested in Divi increase , it's not big news but profits drop debt higher growth slower is . !!!!!!
Many institutions had said the Divi would be cut, that alone would have been negative on the SP for months. Now that hasn't happened. We may just get a increase on the SP just on that.
BT are a prime example of extend and pretend. Divi should be cut, not increased. Whateever, basic issue to most global telecomms companies is that the likes of Google, Microsoft etc get a free ride on the massive investments being made in digitialisation.
Ref: sharecast neww
Kingsbury capital reduced
Blinks
This is BT standby your bed it very rarely increases on results day ..£300million shorters seem to be in the know
Lunchbox...
As I mentioned yesterday, the chart looked like it was very measured and controlled buying.
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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.
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Scallywag....
"I do like the reduction in cost for FTTP and the take up increase to 34%"
Yes they are seriously good numbers, I looked at some of the competition and they are in single figures for take up.
To reap the rewards of that growth provides, also necessary to service debts, it's first vital to borrow, invest and sell more to the existing customer base, and win over new customers!... imo BT is doing just that with the front loaded Capex spend on FTTP. Yes, the markets may fret about debt levels but... well managed debt is precisely how a good business delivers for customers and investors. Alison is right that now the peak of the capex is here attention should now turn towards the customer service offer: as now that "Retail FTTP base grew year-on-year by 40%" and "5G base up 29% YoY" the selling to that larger market is where healthy revenues can be generated to service those debts.
OK, so the headline is Div not just held, but up!!!
But some of the numbers are not so good, debt, profit.
We all know what the headlines will be....... and it won't be the increased dividend.
But, I'm banking on the Div increase causing a rise on the open, and I intend to sell what is left of my holding if it does. I'd expect it may drop back later.
BWTFDIK..... ;-)
PAT2014 “I’m no expert” - Clearly!!!!
Shorters started buying on the 14th. So good news all round
We've got four of the strongest brands in the UK in Openreach, BT, EE and Plusnet.
When our customers buy from these brands, they buy into the experiences those brands promise to deliver. From the first ad they see, to the service they receive from us, every moment is an opportunity to live up to that brand's promise to keep our customers happy, loyal and safe in the knowledge they made the right decision choosing us.
Putting digital at the heart of our customer brands
One of the most important elements of our brand is our customer experience, and digital is an increasingly important part of how our customers engage with us. We set up our Digital unit to help us think 'digital first' and drive improvements across the group.
Over the last three years they've helped us do that, with the deliveries that support new EE, our service transformation in Business and more. We now want to go even further to make sure digital thinking is integrated into everything we do. So, we've decided to move customer-facing digital product and journey accountability from Digital into Consumer and Business so it's closer to our customers.
This will mean Consumer and Business each own end-to-end accountability for their. customer experience and help us reduce complexity and simplify ways of working, building on the work that's been done in Digital.
The Digital unit will continue to be our engineering, architecture and platform powerhouse with deep experience in data and Al and home to our end-to-end digital product incubation team, Etc. They will continue to grow the digital skills and disruptive thinking we need to continue our transformation.
Harmeen, Marc and Bas will be working through the detail over the coming months, ready for a move in early October.
This change is the latest in a series l've made since I arrived which will make us a stronger and more unified organisation. So far, we've created a new Strategy and Change unit and we're bringing Group brand and insights into Corporate Affairs.
The UK's most trusted connector of people, devices and machines
I'm lucky enough to have had years of experience in the industry, and I know that the most successful telcos around the world are national champions who have leveraged their history, their purpose, their iconic brands and new technologies to create value for everyone
- customers, colleagues, society and owners.
As we move into the next phase of BT Group's transformation, I want us to become a proud national champion, and one of the best digital telcos in the world, by taking action on our culture, our customer experience, and our operational discipline. By doing so, I know we can truly become the UK's most trusted connector of people, devices and machines, and I'm excited about the journey ahead, as we realise that ambition together.” - Alison.
Brilliant! At this low sp and in ISA.
Such a mixed bag of results, the SP could go either way. I do like the reduction in cost for FTTP and the take up increase to 34% I expect theyre reaching further out from those who get FTTC but its not quite fast enough. Divi up, is almost wishful thinking it will do something positive for the share price. BUY or SEll ??
I assume BT have the same inflation plus 3.9% increases, if so in a year of super high inflation for the top line to grow less than 1% isnt really growth.
10p down today if not more .. hope I’m wrong but those results don’t look positive to me .. just my opinion I’m no expert but if it goes to form and it generally does this is taking a big hit today … can I get out and secure some profit on my 105.5 buy in price
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