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It is hard to imagine the Sunday papers not following up on this story and for there to be more and more leaks of this nature as the 10th of Dec draws nearer.
This is very easy money ATM.
The SP here is going to gradually rise every day until the £2 mark is reached again , unless of course Drahi announces an increase in his holding , in which case all bets are off.
Worth noting that by 2026 roughly BT will have no CAPEX to fund and a typical profit of around £4B and that figure is based on there being no grow, from G5,Eaglei or FTTP etc..
The FTTP rollout is a bit like paying for a toll bridge, the only reason why we don't mind paying £15B out for it is because we know we are going to get all the money back and more and if thats is indeed the case then expect profits in excess of £5B with divs to match.Worth the wait IMO.
JP MORGAN RAISES TARGET PRICE FOR BT GROUP, SAYS SHARES SET TO RESUME UPWARDS JOURNEY
(Sharecast News) - Analysts at JP Morgan raised their target price for shares of BT Group from 205.0p to 275.0p, telling clients that the shares were set to resume its "journey towards fresh all-time highs".
Admittedly, over the preceding 12 months investors had endured an "intense rollercoaster" ride, JP Morgan said.
The stock price had more than doubled from 100.0p in October 2020 to 200.0p by June 2021 to the improved regulatory backdrop, only to then yield over two-thirds of those gains due to worries around Virgin Media's fibre/wholesale ambitions.
But the company's second quarter update had shown that BT had lowered its cumulative fibre capex envelope, guiding towards a boost to equity free cash flows in excess of £1.5bn by 2030 on the back of reductions in operating and capital expenditures alone.
On top of that, all divisions were now seen to be on track for sustainable revenue and margin gains and the tax loss carry forward was increased from £4bn to £5bn.
Furthermore, in parallel, at its third quarter results, Liberty had left investors questioning if Virgin Media would really expand Lightning o 22m homes or win a major wholesale deal, they added.
Hence, they raised their long-term estimates for the company's earnings before interest, taxes, depreciation and amortisation by 4% per annum and their estimate for its EFCF by 7-20% per annum.
They also now saw EFCF more than trebling from £1.2bn for the year ending in March 2022 to £3.7bn for that finishing in March 2030, for a long-term yield of 20%.
The analysts kept their recommendation for the shares at 'overweight'.
JP MORGAN RAISES TARGET PRICE FOR BT GROUP, SAYS SHARES SET TO RESUME UPWARDS JOURNEY
(Sharecast News) - Analysts at JP Morgan raised their target price for shares of BT Group from 235.0p to 275.0p, telling clients that the shares were set to resume its "journey towards fresh all-time highs".
Admittedly, over the preceding 12 months investors had endured an "intense rollercoaster" ride, JP Morgan said.
The stock price had more than doubled from 100.0p in October 2020 to 200.0p by June 2021 to the improved regulatory backdrop, only to then yield over two-thirds of those gains due to worries around Virgin Media's fibre/wholesale ambitions.
But the company's second quarter update had shown that BT had lowered its cumulative fibre capex envelope, guiding towards a boost to equity free cash flows in excess of £1.5bn by 2030 on the back of reductions in operating and capital expenditures alone.
On top of that, all divisions were now seen to be on track for sustainable revenue and margin gains and the tax loss carry forward was increased from £4bn to £5bn.
Furthermore, in parallel, at its third quarter results, Liberty had left investors questioning if Virgin Media would really expand Lightning o 22m homes or win a major wholesale deal, they added.
Hence, they raised their long-term estimates for the company's earnings before interest, taxes, depreciation and amortisation by 4% per annum and their estimate for its EFCF by 7-20% per annum.
They also now saw EFCF more than trebling from £1.2bn for the year ending in March 2022 to £3.7bn for that finishing in March 2030, for a long-term yield of 20%.
The analysts kept their recommendation for the shares at 'overweight'.
Todays 10% rise is a good start but given we have be pushed down over the last few months on the back of "negative hot air" it would be reasonable to assume we have many more green days ahead of us next week .
A 3.5% yield on a 7.8p div equates to £2.25
Agreed but last time NTL and Telewest did finish going bankrupt which is how VM was formed and they were picking all the low hanging fruit at the time.
The CAPEX per household will be even more uneconomical for VM this time around,IMO..
If it happens at all it will be much more costly then BT's roll out and at a much slower rate .
We now know king maker Sky has done a deal with BT and not V/O2 which of course they always were seeing as they have had a long work relationship with each other .
I would be surprise to see the V/O2 FTTP program ever getting off the ground given the amount of money they are going to need and even if it did, it would be many years behind dominate BT.
We should be well above £2 today, next week we will see the SP rising towards that valuation .
If its costing BT £250-300 per household image how much it will cost Virgin/O2 to do the same thing but adding digging up the road into the equation .
On a different note we still have a BT Sports sale news to look forward to and a Drahi holding increase RNS.
"Our progressive dividend policy will be underpinned by these increased cash flows as we move to sustainable growth going forward."
https://www.bt.com/about/investors/individual-shareholders/dividends#accordion-1
Basically you don't need to be a crystal ball reader to see that by 2025 divs will be back to 16p per share .
It is becoming extremely obvious to me Drahi has been accumulating even more shares in BT over the last few months under PI noses that will take his holding to 30%. Add a further 12% assuming DT are onboard with him and PI are going to find themselves waking up one morning to the realisation that only 58% of their company is tradable on the open market .
It looks to me like the SP has been manipulated down to these levels to help someone accumulate an even greater overall holding .
It probably Drahi expert advices that have managed to get the SP back down again so he can buy even more BT shares on the cheap.
I have seen this some many times over the years and I am not falling for it and so I have decided to increase my position to 100,000 which will equate to a 6% div yield come February .
Also there is this article in the Times today.
Mayer, the DAZN chairman, said the platform was most interested in the Premier League, Champions League and Formula One
Mayer, the DAZN chairman, said the platform was most interested in the Premier League, Champions League and Formula One
CLIVE MASON/FORMULA 1/GETTY IMAGES
Martyn Ziegler, Chief Sports Reporter
Friday October 15 2021, 12.01am, The Times
The head of the DAZN streaming platform has spelled out its desire to secure Premier League rights as it continues talks for a takeover of BT Sport.
Kevin Mayer, the DAZN chairman, said the football rights were the most valuable
Green coal omissions release 6 times the greater CO2 cos its only 60 million years old.
Haven't China in the last week announced NO overseas coal power financing ?
Defo not one for the grandchildren.
I can't believe they are still shorting this , their only hope is a supply chain issue causing MKS to have a bad Xmas due to them not having anything on the shelves to sell.
On a different note I had some mini Colin the Caterpillar cakes the other day which were amazing .
Defo not a share for the grandchildren this one !
Go on........... go on ..............go on -go on - go on........... GO ON !
We are up 44p or 33% in just a month and will IMO cont. that trajectory all the way until the Nov trading and div update , although a T/O approach before then is more likely.
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