Member Info for fleccy

BT wont be working alone, they'll partner with others to offer a range of products and leave it to the tech giants to fight it out with each other:

"That figure of $500 million over five years doesn’t seem beyond the realms of possibility. A Capgemini report in February revealed that telcos that implement a comprehensive cloud strategy expect to bring in an extra $110 million-$210 million of revenue per year. Its research was based on interviews with 270 telco execs, vendors, and hyperscalers, among others.

BT can probably be considered as having a comprehensive cloud strategy. Not only is it working with AWS on internal IT modernisation and new revenue-generating services, it is also working with Google Cloud on various areas, including cloud infrastructure, AI and machine learning (ML), and data analytics. It is also working with Kyndryl to move a number of applications servicing its legacy copper business and consumer broadband products from mainframe computers to the cloud."

https://telecoms.com/520882/bt-expands-aws-deal-in-hunt-for-500m-of-new-revenues/

https://www.technologyrecord.com/article/bt-group-develops-generative-ai-powered-digital-assistant-with-microsoft-technology

https://newsroom.bt.com/bt-group-unveils-ai-accelerator-to-shorten-rollout-of-new-artificial-intelligence-from-six-months-to-six-days/

https://business.bt.com/why-choose-bt/insights/digital-transformation/artificial-intelligence/

https://www.med-technews.com/news/Digital-in-Healthcare-News/bt-launches-new-ai-and-digital-services-to-support-nhs/

https://telecoms.com/520882/bt-expands-aws-deal-in-hunt-for-500m-of-new-revenues/

Aus BT have been developing products and setting standards for as long as I can remember, they are heavily involved in various research projects with lots of partners. They wont be sitting on their hands, they'll be busy developing a full suite of cloud based solutions and apps.

https://atadastral.co.uk/bt/

https://www.bt.com/about/bt/bt-uk-and-worldwide/bt-in-the-uk-and-ireland/bt-adastral

"The rise of cognitive networks: how AI is revolutionizing telecommunications"

https://www.msn.com/en-gb/money/technology/the-rise-of-cognitive-networks-how-ai-is-revolutionizing-telecommunications/ar-AA1fJo05?cvid=d4bb4e4f797e4f458ac1946eff4ffdd6&ocid=winp2fptaskbarhover&ei=34

For anyone who's interested, here's a spreadsheet of Vodafone's Financials going back to 2015, there are two tabs at the top of the page, one for Financials and the other for Cash Flow. I've also shifted some of the Fields around and added some colour to the Cash Flow sheet; Hopefully my alterations wont have created errors.

https://docs.google.com/spreadsheets/d/e/2PACX-1vSNxkKmgR2PzSL1NH5uvhJAIl6TyUm-PpH2hChEFWELeB8mLB-V562E7qRdDL0lOSa8NyAUBbokBjVp/pubhtml

I made the sheet to get a more condensed picture, over the years, and weigh up whether the dividend is safe.

If anyone notices any mistakes, let me know and I'll correct and republish.

"Maggie and Allison Kirkby are going to shake up the boys in the board-room !!"

Don't ask me why, just came to mind:

https://www.youtube.com/watch?v=NYOQDnWFXYI

I concur Poker, an this and Nats.

In respect of your statement, "I suspect the likes of Babylon will survive", there's a good possibility you're right. I think certain big market entities prey on retail investor enthusiasm and then engineer a rug pull to wipe out said investors; It's usually new infrastructure projects that are hyped up and subsequently having finance pulled, with retail walking away with little or nothing. The most recent example I can think of is Sirius Minerals, what happened there has the feel of a 19th century wild west land grab.

I wonder if these two things are related?

https://www.msn.com/en-gb/money/other/how-out-of-control-spending-and-a-botched-us-expansion-left-nhs-partner-on-brink-of-collapse/ar-AA1fKI7x?ocid=msedgdhp&pc=U531&cvid=81f323c398c6412d8491a03a65b719ab&ei=8

https://newsroom.bt.com/brits-call-for-tech-revolution-to-tackle-nhs-wait-times-as-three-quarters-prefer-remote-or-digital-diagnosis/

This is getting as bad as the Lloyds chat page, next we'll all be discussing politics and the migrants.

Is any of this true?

Life is hamster wheel, we're all just running to stand still

Nothing lasts forever, even the Universe will eventually die upon reaching maximum entropy

A clock slows down as it approaches the speed of light, you just wouldn't know it if you were travelling with it

Gravity is an illusion associated with the phenomena of your feet aging more slowly than your head

If you understand any of that you're a better person than me.

Data is money. I wonder who'll own the anonymised AI data, and will it be worth money to whoever owns it as it builds its learning model?

"BT today announces new AI and digital diagnosis services for healthcare – to help speed up diagnosis and unlock the benefits of AI for more hospitals."

https://newsroom.bt.com/brits-call-for-tech-revolution-to-tackle-nhs-wait-times-as-three-quarters-prefer-remote-or-digital-diagnosis/

"VOD needs to get their act together before the likes of Project Kuiper"

Too much is made LEO Satellite's competing with Terrestrial communications. For example look at Starlink, they're looking at having the highest density satellite coverage of any provider, yet home users need a phase array antenna for broadband access. OneWeb satellites orbit around twice the altitude of Starlink satellites, but require far less satellites and rely on providers dealing with the local connectivity and using the satellites for backhaul; The OneWeb business model is far more sensible in my opinion. There are also other technologies like High Altitude Platforms that can also provide 5G services from a far lower altitude than satellites. I'm not worried about LEO's or HAP's, they have their uses and their limitations.

"Every picture tells a story. I hope so."

What's annoying is the big Trades pushed Off Exchange on high Volume days. Off Exchange trades don't affect the price.

"Not forgetting the two large trades reported on 22/8/2023"

I've got a Daily chart too 😉

https://docs.google.com/spreadsheets/d/e/2PACX-1vS4gJMsDAQq9sJ_zHqi_JnoVTryAdb4X64c7Clw12E2sGT3N6dTJfB60O8bc5Ns4burXvSSCVFrLvWC/pubchart?oid=457705223&format=interactive

Drahi extended his holding in May with a spike in Off-Book Volumes. Off-Book Volumes are currently in an upward trajectory starting last month, and are on target to be somewhat higher than On Exchange volumes this month. Is stock being accumulated?

https://docs.google.com/spreadsheets/d/e/2PACX-1vS4gJMsDAQq9sJ_zHqi_JnoVTryAdb4X64c7Clw12E2sGT3N6dTJfB60O8bc5Ns4burXvSSCVFrLvWC/pubchart?oid=1824278197&format=interactive

Once the rebuilding starts, there'll probably be some good opportunities to build businesses in Ukraine.

https://www.broadbandtvnews.com/2023/08/24/key-acquisition-for-vodafone-ukraine/

"I expect FCF to be in excess of 5bn this time next year."

Mesh, Vodafone are forecasting Adjusted EBITDAaL broadly flat and Adjusted Free Cash Flow of €3.3 billion for FY24. I prefer your figures.

According to the trades logged on the London Stock Exchange, the total trade value for today is a massive £7582.43.

I take back what I said previously, maybe posts on here can affect the share price lol.

"Think of the fortune Falky will make when the oilers start drilling for oil on the moon and he snaps up their shares on the cheap!"

Indeed, as we all know the moon was once covered by rainforests, lush flora and fauna.

" and now has owns half the Moon"

I assume that was tongue in cheek? Since no country are allowed to claim ownership of outer space, including the moon.

Just to add to my last post, in Vodafone's case Free Cash Flow is only part of the picture for last year. If you want understand how Free Cash Flow relates to EBITDA and Net Debt, look at page 20 of the last set of results:

https://investors.vodafone.com/sites/vodafone-ir/files/2023-05/Vodafone-FY23-Results-Announcement.pdf

I can only give you examples from a description on the internet:

"Free cash flow is the money that the company has available to repay its creditors or pay dividends and interest to investors."

https://www.investopedia.com/terms/f/freecashflow.asp

Vodafone define Free Cash Flow as:

"Free cash flow is Adjusted EBITDAaL after cash flows in relation to capital additions, working capital movements in respect of capital additions, disposal of property, plant and equipment and intangible assets, integration capital additions and working capital related items, licences and spectrum, interest received and paid, taxation, dividends received from associates and joint ventures, dividends paid to non-controlling shareholders in subsidiaries and payments in respect of lease liabilities."

In Vodafone's case they tend to use an Adjusted Free Cash Flow figure with the adjustments comprising:

"Adjustments:

- Licences and spectrum

- Restructuring costs including working capital movements

- Integration capital additions

- Vantage Towers growth capital expenditure

- Other adjustments"

"Adjusted free cash flow is Free cash flow before licences and spectrum, restructuring costs arising from discrete restructuring plans, integration capital additions and working capital related items, M&A and Vantage Towers growth capital expenditure and other. Growth capital expenditure is total capital expenditure excluding maintenance-type expenditure."

Vodafone's Unadjusted Free Cash Flow was reported as €1.442 Billion, with Adjusted coming in at €4.842 Billion.