Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Speaking from a shareholder what's not to like and it'll help boost the share price and brought inline like most FTSE listed companies.
Also speaking from someone on DC, it's not fair that most government entities (ex entities like BT) on DB for as long as they could when most private companies pays their employee as DC.
I reinvest but not seen my shares yet. Thinking about it the dividend reinvestment plan is not that enticing given there is no discount for reinvestment but that's negligible for now.
Not much of a catalyst for awhile for BT for rest of the month I think so sp would be pretty flat imo.
I don't think the results was that bad yesterday. In regards to revenue ask yourself how many of the white collar workers actually went into the office in Oct-Dec or went on holidays during that period (I know I did neither of that). As things becomes reopen and people getting back into the offices and travelling then we should see corporate and global taking off. As the CEO said we are NOT losing market share in these areas, we should see a big tick up once things goes back to normal.
In regards to the discovery deal, its worth noting that BT sports is only breakeven (IRR 0%) and the only benefit right now is to lower churn and marketing BT. Any cost sharing is an upside (on top of cost synergies), if we can achieve any sort of meaningful EBITDA from the JV means we potentially could exit at a higher price but we need to give it time. Its a much better proposition than DAZN in the long run.
Interesting enough discovery is up 3% in America in a pretty red day, goes to show sentiment means everything. If costs are shared, synergies to be had and higher revenue due to more content then perhaps it's a better option that dazn.
BT had 2 offers on the table so they did have options, I'll be keen to see what Discovery had put on the table for them to walk away from a clean exit. Discovery is going to own hbo contents soon as well.
Looks like will have to wait and see until may, but that also means I can refresh my isa and sipp in time to get in cheaper.
Q&A with the CEO - in regards to BT sport's JV he mentioned it's all upsides and no downsides with the deal, this lead me to believe it's BT that walked away from dazn. I supposed there will be alot of synergies to be had.
https://bteuropecca.webex.com/webappng/sites/bteuropecca/meeting/register/2d9db8ad0a174f82a18677d3deb2c210?ticket=4832534b0000000533d202dffcf749cbd7326bf5ab392ac5b6c0e950f684a0aca8c96927dea53ad9×tamp=1643879118905
I think there is a call at 10am. From recollection last time we see big price drops but after the call it went back up slightly.
I think market sees this as a negative surprise. We all assume it would be dazn and then it's their problem, however the discovery deal could end up a better proposition in the long term but we have been burnt before with broken promises.
However I really like the built out and positive on the fy23 and beyond numbers.
Result looks average. Lower revenue due to omicron (which is understandable and temporary) but they more than made up for it with better than expected EBITDA (even beating the highest brokers estimate).
Really good nps and built out scores, also I'm sure during q&a we will know the current pension deficit.
However dunno how I feel about BT sport's, eyesore...
Hopefully the news cycle of virgin ends and this begins. Telegraph says it's a pretty much a done deal so just formalities. BT sports is small fries, I'm more intrigued on the latest pension deficit given the bullish performance of the market and their revenue / cost reductions, so potentially better catalyst to come.
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https://www.telegraph.co.uk/football/2022/02/01/premier-league-talks-approve-imminent-bt-sport-takeover/
'BT Sport’s deal with the most lucrative domestic league in the world expires in 2025 so the 20 clubs would be entitled, in theory, to derail a takeover.
However, approval is all-but-certain for the two potential suitors involved. BT will also need a green light from Uefa because it has rights for the Champions League and Europa League.'
Well the below sums up my view as well. The 7m additional homes is probably going to be in less desirable / less dense areas and you would be going into a price war with openreach and prices are regulated by ofcom anyways. The return on investment is questionable and that's why it's been only talks for a very long time now.
My guess the news were leaked to provide excitement to VMO2's result rather than to detriment BT. The elephant in the room is still this Thursday and today's low isn't even that bad, I wouldn't be surpise if we close 12m high before results on Thursday.
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Victoria Scholar, head of investment at Interactive Investor, said: "The [report] doesn't come as a massive surprise, given that when Virgin Media merged with O2 last year the company pledged 'investment and innovation in cutting-edge infrastructure and future technology', and said it planned to invest in fibre and 5G in the UK.
"However, this looks like an expensive way to expand its business and build shareholder value, that ultimately could lead to higher prices for consumers down the line."
Compare to the last hit piece the drop isn't this bad. Lets not forget that virgin media also will be doing their earnings result so they will have to tell shareholders they are doing something.
Let's wait for both companies to report and see who comes out better.
BT has a roadmap, plan and most importantly set aside capex for this beast of a rollout with major shareholders blessing and they are 100% self funding. VM is 'shopping around', who knows whether it'll happen and for what price.
From FT:
The new venture, which will be separate from this, is aiming to build out a new full-fibre network that will provide connectivity to an additional 7m homes, primarily in areas that currently only use copper lines and which are served by BT.
Karen Egan, a telecoms analyst at Enders Analysis, said the joint venture would have to offer a better price than BT Openreach to ensure it attracted enough customers. “BT Openreach will become a competitor in a short timeframe,” she said. “It’s difficult to see how the financials stack up.”
I'm hoping if there were bad news BT would've hinted already. Omicron might have impacted operations but overal i think jasen in the earnings call will present a bullish f22/23 (revenue increase and cost reduction), BT sport's update and a big reduction in pension deficit, so for that a new 12m high would be my prediction. His tone will have to be optimistic to fend off PE investors.
All guessing, we should know in 4 days.
Closed at 6 MTH high yesterday and its looking like it'll close at another new 6 MTH high today.
Given Netflix just increased their sub from £9 to £10 which is 11% I think 9.1% (exc. People on social credits) is quiet reasonable (not to mention gas and food prices). I do hope for a rate raised sooner than later though, might not benefit BT but we need to curb inflation and our debt additional.
Finally a broker mentioning the impacts on price hikes.
I think alot of current brokers probably set their assumptions on BT price hike to 3.9% + 2% inflation, so that's a big 3.2% difference from 9.1%.
Volume also been very low today and not alot of resistance, it wouldn't take much to get to £2. I think we could see a new 6 month high at the close today, gla dyor.
Most corporations uses premium products and EE is normally their first choice so they not going anywhere.
With WFH becoming a big deal, retail customers probably prefer quality over price, furthermost all ISP is rising prices so there is no escape.
With FTSE futures up 65 points and earnings call next Thursday i hope to see this trend broken today. Looking forward on their fy22/23 forecast.
The inflation price rise has clearly shown who can pass on the costs and who can't, brokers will rerate and revenue will increase and rotation from growth to valued is already happening.
With WFH becoming a norm and broadband usage increasing 90% and data usage 78% since 2018 I think there is ample justifications for price raises without too much obstacle from ofcom.
https://www.ii.co.uk/analysis-commentary/stockwatch-bt-and-sector-bucking-market-trend-ii522672