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Thanks
GL everyone for tomo.
I will be surprised if it doesn't break £1.80 but it could break £2 if the pension and div update is what we are all expecting gets accompanied with a Openreach disposal news too.
GL everyone for tomorrow ..
"Best case. Planets have aligned, Good results, pension much, much better than £7b, BT Sport deal done, interim div at half the 7.7p. Share price up to/close to 300p. "
This is most likely , I saw all this play out last time around during the credit crunch and it will end exactly the same way this time around .With a boom predicted matching 1948's its going to take the FTSE to a new all time high and it is at that point BT pension status changes to surplus . This cloud easily blends into insignificance the moment the FTSE breaks 8000 and BT will be one of those companies helping the FTSE to break that threshold over the next few months.
If BT start making more moneys thanks to the new OFCOM ruling and G5 goes the same way Apples recently announced doubling of turnover over the last 12 months thanks to G5 mobile sales suggests , then its hard to imagine the SP not getting back over £5 again within the next 5 years.
Worth noting that the Barclays CEO last week predicted a 1948 style boom over the next 5 years too.
"The entire country was expected to receive ultrafast broadband by 2025, however, following delays that figure has been reduced to 85%.
The infrastructure build should start in 2022 with a budget of £5bn, the government has said."
So it looks like the Gov will still be contributing £5 billion towards costs .
What were these doing stuck
@ 1.22p only 3 months ago?
https://www.standard.co.uk/business/bt-sport-sale-philip-jansen-pension-deficit-b932402.html
Just a quick update on Cityfibre progress in Maidenhead over the last week, baring in mind the 6 man team work Saturdays in the last 7 working days they have connected 6 more houses.
Every Fibre in my body tells me BT is marching towards £3 over the next 12 months .
The financial side of Brexit have yet to be agreed which may explain the banks halt in SP acceleration ATM, plus the BoE have made it clear interest rate will not be going up until the economy starts heating up.
Incredibly Giganet which is part of Cityfibre have been digging up my road in Maidenhead this week and in doing so causing a lot of traffic jams in the process.They even worked on Saturday 6 x Polish workmen , 1 dig , a dumper and 1 x cement mixer and they managed to get the cable over the bridge and connect the house opposite to where I live.
Its going to take decades for them to claw that one days CAPEX back, it doesn't make any sense to me when presumably a single BT engineer could connect a single house in about half an hour without the need to traffic jams.
I looks to me like local residents can expect traffic issues along this road to last for at least the next month .
It doesn't make any sense to me cos I was living in Portsmouth 20 years ago when they did the same there and it bankrupted the company that did the work , Richard Branson picked up the piece and Virgin Media was born.
All highly predictable ..
NICE..
Spend. Is it Heading to 170p?
Written By Crispus Nyaga on Mar 18, 2021, 06:39 GMT
The BT share price surged yesterday as investors reacted to the latest 5G auction. The stock jumped to 153p, which was 27% above the February low of 120p. The share prices of other telecommunication companies like Vodafone and TalkTalk also rallied.
What happened: BT Group has been in the headlines recently. Last week, the company made headlines when its workers announced that they would vote for a national strike. Such action would have significant challenges for the company.
Yesterday, the BT share price rallied after the company avoided the hefty 5G airwaves. Documents revealed that EE, a company owned by BT, spent about 452 million pounds on spectrum. That was substantially lower than the 824 million pounds that analysts were expecting. The same was true for companies like O2 and Vodafone.
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This amount was also substantially lower than what companies spent to acquire the 3G spectrum. At the time, the biggest companies spent more than 22.5 billion pounds on this spectrum. The firm is planning a 12 billion pound upgrade to its broadband service.
BT share price analysis
Turning to the four-hour chart, we see that the BT share price double bottom pattern at 125p between February and March. Since then, the price has surged by more than 25%. And yesterday, it managed to move above the previous top at 147p. While not perfect, this pattern seemed like a cup and handle pattern. It remains above the 25-day and 15-day exponential moving averages (EMA).
Therefore, while a short-term pullback is likely, the overall trend remains bullish. This means that it will likely keep rising as bulls target the next key level at 170p.
https://www.investingcube.com/bt-share-price-soared-after-5g-auction-spend-is-it-heading-to-170p-shares/
Its starting to look like the PLAN is....... and in this order , Ofcom generous "long term tariffs" on Thursday followed by a "Project Gigabit" government proper-gander progress announcement on Friday.
Add a £1.2B tax savings plus yesterdays £0.5B auction saving into the mix and its hard to imagine BT's SP not being above £2 by the end of the week.
The tide is defo turning for BT with the best still to come , tomo is a massive day for the business and one of the most important news events in the companies history.
The greater the tariff increase , the greater the Openreach value , the greater the likely hood of some kind of Openreach IPO/sell off ( £30B ?) .
But from OFCOM's POV the greater the tariff , the greater to acceleration of FTTP.
Lets face it communications is the only thing that has got cheaper year on year and thats going to have to change cos BT shareholders cant afford it and no can the Gov. .If we are all to have 1000 Mbps coming into our home then we are all going to have to pay for it .
I suspect behind closed doors OFCOM are aware of BT's intension to sell off some of Openreach to fund and accelerate the FTTP nationwide and that everything rests on them giving a favourable deal this time to enable that to happen.
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https://www.ft.com/content/f5f283e6-cbf2-4ee3-adc5-b77ea243e58b
The company faces a critical three month period during which time it will also participate in a 5G spectrum auction, a Premier League rights auction and a new funding arrangement for its pension scheme.
BT has said it wants to appoint a chairman with a technology background to replace du Plessis. The board already contains tech veterans including Mike Inglis, a former Arm executive, and Matthew Key, the former head of O2 and Telefónica’s digital operation.
The hunt for a new chairman will be led by former Centrica boss Iain Conn. Ian Cheshire, the former Barclays UK chairman and retailer who took over as chair of Spire Healthcare last week, is vying for the role.
https://www.ft.com/content/f5f283e6-cbf2-4ee3-adc5-b77ea243e58b