Member Info for bidboy

Well said Aus. They are only interested in their own opinions about BT. Anyone who disagrees must be banned. You are fearless in the face of things that stand out as wrong in your mind. Rightly so. It can be a strength and an affliction. I view it as a strength. Don't change.

Fleccy, always ready to cut and paste BT press releases and statements. And 10 years ahead of time, as usual. You were making different promises 10 years ago. None them came to pass either. Open your eyes. Admit it. BT is a lost cause, a bit like the preposterous arguments you keep using to defend the company's unrelentingly pathetic performances, its board of nodding donkeys, and its self-destructive woke culture. Roll on the bid.

You pose an interesting question expat. You mention that AK has met expectations. But I don't think that losing 800,000 broadband lines in a single year, and probably the same number again next year, is 'meeting expectations.' It's a bloody disgrace, and a clear sign that a strategy of cutting alone won't save BT from further serious drops in its share price. There are other forces at work, of course, including the government and its lackey Ofcom. Then there's the competition. However, even if the proposed Netomnia JV is approved, it will be a patchwork of networks - not a true, seamless one. It will take ages for them to get their act together. The real problem is that AK and the rest of her hapless board, apart from the Bharti directors, have no mission or vision. All they do is troll out technology press releases that fleccy dribbles over. AK has been at war with Bharti since she was reprimanded for attempting to drop the BT brand. The suggestion that yet another Bharti should join the board, clearly in preparation for a bid, was the last straw. AK probably approached government. Government dropped the bombshell that Bharti would not be permitted to bid. And we are where we are now. BT can choose to sell off Openreach to release shareholder value, come to an agreement with Netomnia to create a single nationwide network, a bid might come in from Deutsche Telekom backed by Bharti, or Bharti might sell its shares in BT to DT. Only one thing is certain. If BT plods on in the same old entitled way the gravy train will hit the buffers far sooner than expected. Outcome: We'll all be losers.

Everyone agrees that network is King. For as long as fibre broadband is around, the suggestion I made last year is beginning to make a lot more sense. BT releases shareholder value by selling off Openreach. Openreach then amalgamates with the Netomnia mob to create a true national network. Stops overlap instantly. Pooling of resources for even greater investment/coverage/upgrades. No more back biting. No need for it. No need for such strict regulation, or any for that matter. In terms of ownership, each partner gets what they've put in/are going to put in, in terms of infrastructure investment. The cash cow pays out accordingly. What's not to like?

And if the Bharti Boys sell their stake in BT, the excrement really will hit the fan. Back to the bad old days of 64p a share. Let's hope that doesn't happen, cos the government will have no money to pay gold-plated pensions, or any pensions at all for that matter. Oh dearie me. Where are the men in grey suits? They've all become bloody globalists. Shame.

Come to think of it, it's not just BT suffering at the hands of this government's insufferable quangos like Ofcom. The entire country's going down the drain. Problem is, there's no one to fight the Chinese and the Russians on the beaches!!!!

Gosh fleccy, see you're popping up all over the place today - desperate to find a way to save BT. Sorry, old duffer, told you this company was going down the drain. You simply can't keep losing business and cutting costs with a huge debt pile on your back. BT - the company that keeps on giving - us all heart attacks. Death by a thousand cuts. Only a bid can save us now. Not sure where it will come from. But sure it will. GLA.

Stop talking just to disagree with me Arees, or is it fleccy? Who knows, who cares.

Deutsche Telekom (DT) currently holds a 12% stake in BT Group (under the name T-Mobile Holdings Ltd.). This equates to approximately 1.196 billion shares. The government would be far more likely to accept a bid from DT because they're always kissing the derriere of Europe. Wake up and get a life. There's a good chap!

Apparent decision by government not to allow Bharti to increase its stake in BT is yet another in a long line of miscalculations. No matter. They will be gone soon enough., along with the human tragedy that is wokeness. Don't forget that DT's digital wizard Peter Leukert is now BT's Chief Digital Officer. And don't forget what Tim Hottges, DT CEO, said about getting his money back. He said he'd wait for the "mouse to come out of its hole" before pouncing. The time is nigh.

You hit the nail on the head PRK. But remember you are talking to Openreach engineers, who all have an axe to grind - their own. There is not a thought or a cell in their bodies that gives a damn about retail investors. Sadly, the management is the same. They think only about their own remuneration, gongs, and doing Ofcom's bidding. What a lark, eh :)

Expat, we don't know how many more shares Bharti/DT already have with 'third parties'. Regardless, if Bharti does make solo a bid and it's rejected, we could be looking at a BT share price below 100p again. Another disastrous decision by a government that has lots its way and its people. Correction, it never had a way.

Yes good find fleccy. Expat: Yet they let the Russians and Chinese swarm over us like locusts. BT will fall further without a bid. We might yet see a combo involving Deutsche Telekom. Whatever, it'll all come out in the wash.

Intense UK broadband competition (alt-nets, Vodafone/Three effects).

Legacy revenue erosion outpacing fibre monetisation in the near term.

High capex still weighing on free cash flow (though an inflection to ~£2bn is expected in FY27).

Investors remain sceptical about the speed of the cash flow turnaround.

We'd all better hope a bid comes soon!

I would respectfully remind you @Intrigued that this board is all about discourse - the exchange of views, good and bad. I would be interested to know your thoughts about BT and how it will survive in such a volatile market. My strong feeling is that if Bharti Bros don't step on soon and bid, BT might be in serious trouble. Let me know what you think, and please stop insulting me. There really is no need for it. Thank you for listening.

Adjusted revenue fell ~4% to £19.65bn in FY26, driven by lower handset/equipment sales, legacy voice declines (PSTN shutdown impact), and international divestments. UK service revenue was down 1%. Guidance for FY27 shows further pressure: group revenue expected at £19–19.5bn, with UK service revenue broadly flat to slightly down. Legacy fixed-line voice and international businesses continue to shrink faster than growth areas (like fibre) can offset. BT is still in the final stretch of its massive full-fibre rollout (Openreach has passed 23m+ premises), keeping capex elevated (£5.1bn in FY26).

The market is focused on the promised cash flow inflection (£2bn normalised free cash flow in FY27, rising to £3bn by end of decade). Investors remain sceptical about delivery amid competition and execution risks. This is a key reason the valuation stays suppressed despite the long-term story. Intense competition in broadband (alt-nets, Vodafone/Three merger effects, Sky). Slowing growth in the core UK telecoms market and challenges monetising fibre at scale. Cost of living pressures on consumers and business spending softness. Consensus remains around Hold/Neutral, with an average price target slightly below current levels (~219p vs recent ~222–225p range). Some banks are positive on the fibre/cash flow story (e.g., upgrades to Buy), but others highlight elevated risks and limited near-term growth.

It's all very well abusing me fleccy, But what about the share price. After 10 years, you and your mates (most of whom are really you) are still plugging it like crazy. I told you 800,000 lost broadband lines isn't peanuts. It's a death knell. But don't worry, despite all your nonsense, our saviours, Bharti Bros, are like the cavalry, ready to come in and bid at the last minute.

Some people don't need an excuse to support BT. They do it all the time. Saddos.

I wouldn't be too sure about that MJS1. Looks like we'll have a change of government pretty soon. Most of these idiotic, self-preserving quangos will be dust then. Quite right too. I can see the UK becoming like America under my great hero, Donald J. Trump. In fact, think I'm going to write to Elon suggesting that he and POTUS come over here and put us straight. We have no one else to lead us at the moment. In fact,we could become the next state of the USA. Now there's a thought. LOL

T he drivel spouted by entitled Openreach engineers on this board really is unbelievable. 800,000 broadband lines lost in a single year.. no problem, it was expected, and the like. Absolute balderdash. No one, including BT can afford to lose that many lines and make up for it with cost-cutting. The Bharti Boys know that, the market knows it. The only one who doesn't, apparently, is Matron Kirkby - BT's generously-proportioned, bouffant-haired CEO. For God's sake, that woman has even less talent than Starmer. But, like him, she hangs on, making things as difficult as possible our Bharti Heroes, come to save us from the worst case of Telco Woke-ness in the Western Hemisphere. Get her out now. God save BT from its board of nodding donkeys, apart from the Bhartis.