I agree with IWEB. Pretty cheap - (£5 per transaction if frequent trader). Only problem is extra charges for stop losses etc and only allows you a few minutes of use without closing down and as evonybob says not much use for research but other free sites available.
Google seems to do this fairly regularly. I noted earlier this year a 10% + drop in the Sp compared with other sources which disappeared the next day.
That said Google unlike most reflect after hour prices. Could the USD delisting affect this? Probably not but nice to dream.
Telegraph is reporting that BT preparing for sellof of BT Espana.
I can't see full article (behind paywall) but the first few paras give the gist;
'BT has begun work on a sale of its Spanish business as the break-up and restructuring of its international arm Global Services accelerates and its shares slump on fears for broadband dominance on home turf.
The telecoms giant has begun exploratory talks with potential buyers of BT España, according to City sources, in parallel to the ongoing sale of BT Ireland.
Discussions are at an early stage, with any deal more likely to appeal to buyout firms and infrastructure investors than Spain’s big telecoms players Orange, Vodafone, MásMóvil and Telefónica, City sources said.'
I'm by no means a financial expert and we're probably talking about different terms and you're probably right in the correct financial meaning of the terms used but essentially I think you're arguing the difference between gross and net. If the profit is only increasing as a result of cost cutting then revenue is not necessarly increasing is it?
I tried to find something in the annual report but couldn't but did find this in an overall positive statement from Credit Suisse;
'Last month, BT reported a 2% drop in adjusted underlying earnings (EBITDA) to £7.39bn and a 1% decrease in adjusted revenue to £23.46bn for the year to March 31, as growth in the consumer business was offset by regulated price reductions in Openreach and declines in the enterprise businesses.
For the 2020 financial year, BT expects adjusted EBITDA will fall to £7.2bn-£7.3bn as adjusted revenue falls by another 2%.'
For John Lewis apparently.
Interesting I wonder who would be in the running to take over. Could be a positive for BT.
I did begin to think that perhaps you were on the good side. Your views are so extreme as to be parody of the right wing fascism invading our country. To believe Farage made Marr look a pratt is to misunderstand the basic democracy of this country where political figures have to be accountable for their views and have to tell the country what they stand for outside the narrow confines of the Brexit debacle.
I agree that the political response to Farage is pathetivc but that doesnt make him right.
In some ways I wish the extreme Bexitrists get their wish and that the resultant disaster will explode their myth forever. Unfortunately it will destroy Britain's manufacturing and finance base for years.
OMG - Does it not strike you that even on the simplest level putting barriers in the place of trading with our nearest and richest neighbours is not a good idea.
Currently we have an excellent deal we're not in the Euro we're not in Schengen. We have opt outs on Federal Europe, EU Army, Turkey entrance to Eu and all the other UKIP/NF views on the disaster of staying in the EU.
If we leave the EU now we won't be able to get back in under the same terms. Any referendum that has such a major impact on our constitution should never have been put on a simple 50% +1 basis.
By the way no other major country trades on just WTO rules. We have trade agreements with all the countries like USA and China that don't have FTA's with EU currently and we lose out on the FTA's currently in place.
Some believe that we can leave on no deal then negotiate in strength with EU. But guess what they won't talk to us until we sort out the NI border and pay the divorce bill so we have to accept the terms of the WAB anyway.
Also Nancy Pelosi has stated that any deal with US that doesn't conform with the GFA will not get through congress.
I totally despair of this country where so many can believe in the simplisic crap that Farage expounds as the basis of a political party.
Investors Chronicle giving it a qualified buy.
'Clearly, the shares are not for the faint-hearted, but if you can stomach the risk then Futura’s share price has the potential to multiply many times over if the £30m market capitalisation company delivers the headline data that potential commercial partners are looking for. So, having taken into account the latest update from the directors, I continue to rate the shares a buy.'
Does anyone know why when you google the share price for BT.A it comes up with a value of 191.74 - a 13% drop on the closing share price shown here!
I know Google reflects after hours trading unlike others but this looks a little extreme!!!
'The new chief executive of BT is accelerating plans to close nearly half its regional offices as he seeks to modernise the former telecoms monopoly.
Philip Jansen wants BT to shut 20 of its 50 British offices within three to five years, instead of the five years outlined last May.
The overhaul would shift the company towards 30 “modern strategic sites” and lead to the closure of its central London headquarters near St Paul’s Cathedral.
The closures come as Jansen considers whether to make deeper cuts to BT’s workforce by slashing it from 106,000 globally to 75,000.
However, it is understood that plans to introduce new BT branding have fallen down the to-do list as Jansen focuses his attention on the company’s workforce.'
Err Have you not heard of the large NHS contract BT won a few years ago. At the time it was called the NHS Spine.
It was a total disaster mainly due to the software supplier (not BT) being unable to provide a system that everyone would buy into and lack of management control to drive it through (a not uncommon problem with major IT projects).
Parts of it may still be running as far as I know but I think the main contract was dropped some time ago.
BT did try that on some time ago but failed to get legal agreement that its patent was valid.
BT appearing on the daily FT blog this morning. Apparent reasons for fall were that Berenberg had reported that they expected a divi cut;
'BT’s normalised free cash flow of almost £2.5bn is c£1bn
higher than its dividend cost of £1.5bn. From this £1bn, BT has to support
the pension deficit, buy spectrum, buy back employee share options to
prevent dilution, and fund restructuring. If new CEO Philip Jansen wants
to increase investment to drive a return to growth, this would shrink the
£1bn of headroom for such costs, putting the dividend under pressure. We
thus see May’s full-year results as a risk and downgrade to Hold.'
Mr Jansen will reveal his strategy at May’s results. We believe he will outline a pro-investment, pro-growth vision and repair
political and regulatory relations at the start of his tenure. We do not think
BT has the cash flow to be able to do this without risk to the dividend. The
board has committed to 15.4p dividend in 2018/19 and 2019/20. We believe
that Mr Jansen may signal that, given the strategic importance and growth created by fibre-to-the-premise (FTTP), he will prioritise investment and signal a cut to the dividend from 2020/21. We forecast a 30% cut to 10.8p.
It looks like BT is engaged in yet another selling off of family silver. Ater the announcement of the sale of BT Fleet last week. This time the Financial Times is reporting is the intentionto reduce the size of Global Services by reducing it's customer base from 5200 to 800!
Perhaps thinning down to reduce overlap with DT?
BT’s international business is intending to shed more than 80 per cent of its customers as part of its attempts to move on from a significant accounting scandal uncovered at BT Italia in 2016.
Bas Burger, a Dutch industry veteran who was promoted to run Global Services in May last year in the wake of the scandal, plans to radically slim down the business, selling off its array of local networks and reducing its customer base from 5,200 companies to the 800 biggest and most profitable.
“We will become a smaller company, leaner and partnership-driven,” Mr Burger said. The business has had to change its focus from providing a range of outsourced telecoms to cloud computing services, he added. The new strategy reflected a change in customer needs, Mr Burger said.
Large companies once outsourced everything from desktop telephones to broadband access; now, they develop their own apps or use cloud-based services. “It’s about delivering the availability of those apps. We are not building them, developing them or even coding them. The differentiator will be that we are everywhere in the world,” he said. Mr Burger said that he expected the shift to be complete within three to five years. About 70 per cent of Global Services’ revenue base is either not growing or in decline, and Mr Burger said sales growth was “less of a topic” compared with a promise to double returns within two years. In the first half of this year, revenue fell 7 per cent to £2.3bn while earnings before interest, taxation, depreciation and amortisation surged 35 per cent to £208m.
Mr Burger said he had been shocked by the Italian scandal and has led a process to improve controls across BT’s international operations. “We need to triple- and quadruple-check to minimise the chances of that happening again,” he said, although he added that there had not been much of a backlash from customers in response to the scandal, which emerged after a whistleblower contacted senior BT managers with a series of claims about how BT Italia’s accounts were being prepared.
Thanks guys - usually something like this spreads like a rash on the online news platforms.
I'm not sure this is hinting on openreach separation - I don't see how they would change if openreach was independent.
Separation of Openreach would still be a major exercise and might be a good idea from a shareholders point of view because it would see an immediate hike in the share price but from BT's point of view (Openreach and rest of BT) it would be a disaster and I wouldn't want to hold shares once the initial euphoria of a sale or separation being announced.
I remember the last time BT was in trouble the finance press and shareholders more or less forced BT to sell off O2 which anyone could see was a dumb move for a telecoms company to lose its mobile operations.
There is still an awful lot of work to do in separating out OR from Rest of BT. For one thing ROB owns all the assets and the IT systems (I assume) are still closely inter-connected. The cost and disruption to Telecoms would be immense.
In terms of what Ofcom are trying to do. With all the parties who've declared an interest in setting up their own networks I would have thought regulation should be slacking off rather than getting tighter. BT is actually now at a disadvantage in that they have to maintain the infrastructure and what happens when ducts/poles get full - does BT have to supply an alternative, and who pays for it. Openreach is a commercial company and has to make a profit, Ofcom has to take into account ALL the costs of OR including pension commitments and allow them to make a reasonable profit on any new encumbrances, such as dark fibre, they want to place on them.