Member Info for fleccy

"This company will be re nationalised very soon. The profits will go to fund the NHS."

Have you been in a coma? Corbyn lost the General Election, by a massive margin.

"No one should think that much of P.I is any kind of "independent" journalism on the part of P.I"

It appears to be Alliance News articles initially shaping the narrative of this story. As I said, in previous posts, I don't understand why there was no mention or analysis of the Vodafone MVNO agreement, which seems more relevant than any competition concerns for BT.
In reality, I'm being ironic when I say I don't understand why there's no mention of VMO2's Full MVNO agreement with Vodafone, in my opinion the story was wholly targeted at BT investor sentiment for reasons I can only guess at.
You'd think the Telecom sector would be wrapped up in the hype around big tech, since big tech's business models are entirely dependent on the Telecom sector. I suspect big players are slowly mopping up Telecom stocks, whilst simultaneously driving down investor sentiment.

Now down 2.4%, says it all.

Tele2 released good figures this morning and opens more than 1% down, it just highlights the market bias against Telecom providers.

"STOCKHOLM--Tele2 AB on Tuesday reported a forecast-beating third-quarter net profit and backed full-year guidance.

The Sweden-based telecom company posted a net profit for the quarter of 1.04 billion kronor ($120.2 million) down from SEK1.14 billion a year earlier."

https://www.marketwatch.com/story/tele2-3q-sales-sek6-6b-271634623100

"That’s a very good point and one which OR analysts will have the data for too"

From some of the articles quoting Altnet sources, it appears the Altnets are struggling to convince prospective customers on the difference between FTTC and FTTP. The Altnets are complaining that prospective customers can't distinguish between Superfast and Ultrafast broadband; Speaking for myself, my 35mb FTTC connection is currently more than adequate, so I suspect many others are also happy with their Broadband connection. There's no doubt the Altnets will pull in some households quickly, possibly Gamers and users who are more engaged, buying into the hype, but there are many who wont be interested in the hassle of changing supplier. I suspect the Altnets are struggling to turn premises passed into customer connections.

"Agree mate, it simply doesn’t suit their agenda."

With the current noise, and drop off in volumes, I can smell skullduggery lol. My Spidey sense is tingling.

"We can’t have vans of 3 companies in the same area using the same boxes ducts and poles at the same time lol can you imagine the raucous between them all fighting to get their kit in lol"
A month or two ago, CityFibre contractors were installing ducting along Crompton Way, then cabling out to BT poles; I assume they're using PIA in conjunction with some of their own ducts. It's one thing passing a premise, it's another signing up customers, many of whom will be tied into contracts with their current ISP.

"Maybe if some of authors of these pieces actually sat down and looked at the cost savings of 20,000 engineers gone also 4,600 exchanges closed"

I agree, but what I don't understand is why the story was aimed at BT, and made no mention of the implications for the Vodafone MVNO partnership, signed in Nov 2019. The fact there was no mention of the MVNO tells its own story imo.

Alliance News release a story aimed at BT, followed a couple of hours later by Deutsche Bank downgrade on BT. Is someone shaking that tree?

https://www.dreamstime.com/royalty-free-stock-images-profit-making-easy-to-edit-vector-illustration-businessman-plucking-dollar-shaking-tree-image32198809

It looks as though the narrative around this story was shaped by Alliance news.

Their Mission
"Alliance News is still a new company, but it has an old job to do. We report on companies, markets and economics for investors and their advisers at the same pace as finance itself operates.

ALL News Professional Sample

We uncover news and check facts while there is still money to be made.

There is a lot of business news around, but much of it is of little use at the point of trade. It may be too late. Too long to read when time is short. Or flat out wrong. It also tends to be about the same well-known companies over and over again.

When Alliance News first started out in 2013 as a UK news wire, we brought well over 50 years of financial news and technology experience to bear on the problem. We had experienced firsthand what works and what doesn’t.

Since then, we have expanded to cover business in Italy, South Africa, and now the globe, but we haven’t forgotten the commitment we made to the investment public.

Our reporters and editors focus on speed and accuracy. We are consistent in what we cover and reliable in doing so. We cover the biggest companies and most connected economies but don’t neglect the smaller companies that make better investments than newspaper headlines.

We also know that if you can’t find a story, or didn’t see it because there was too much noise, it may as well not have been written. Sensible content tagging – including identifying the primary company mentioned in a news story – is central to our Editorial Policy.
Our news team is here to serve the financial community. Please Contact us and let us know what you think."

https://alliancenews.com/mission/

Distribution Partners:
https://alliancenews.com/distribution/

https://www.morningstar.co.uk/uk/news/AN_1634535739382466900/virgin-media-o2-launches-first-joint-product-in-bid-to-take-on-bt.aspx

No mention of the Vodafone MVNO agreement in the Alliance News articles, again I wonder why? You'd think an existing MVNO agreement with Vodafone would be more relevant to the story, than any competition risks for BT. Does anyone else have any views on why the story neglects to mention Vodafone at all?

Proactiveinvestors attack BT at every opportunity. The article below suggests that VMO2's VOLT is offering all about BT/Openreach, no mention of Vodafone who VMO2 currently have an MVNO deal with. Clearly the article's part of the sustained barrage aimed at impacting investor sentiment toward BT.

https://www.proactiveinvestors.co.uk/companies/news/963496/volt-heaps-pressure-on-bt-as-deutsche-bank-repeats--sell--advice-963496.html

The Vodafone/VM MVNO announcement Nov 2019.
"The new Mobile Virtual Network Operator (MVNO) agreement, which runs until 2026, will see Vodafone supply wholesale mobile network services, including both voice and data, to Virgin Mobile and Virgin Media Business."

https://www.virginmedia.com/corporate/media-centre/press-releases/virgin-media-and-vodafone-strike-new-mobile-deal

https://newscentre.vodafone.co.uk/press-release/new-mvno-virgin-media/

What really cracks me up, is that Virgin Media signed the MVNO agreement with Vodafone just 6 months before they announced the merger with O2; Anyone think the VM/O2 tie up decision wasn't rushed?
Funny that proactiveinvestors make no mention of Vodafone, wouldn't you agree?

Apologies, where I stated Book Cost, I meant average cost per share.

"About time the BOD done something to improve the sp"

Won't happen, unless something requiring notification takes place. We'll have to wait for the Q2 results on the 4th November. Psychologically it's difficult to watch your investment fall, but it's meaningless unless you need to sell. Even if the share price drops to £1 it's just a number, in reality if it fell that low I'd fill my boots even more. Every time the share price drops I bring my average book price down; My original BT investment was around £3 Book price, and I'm now sitting around £1.96. If the price drops to £1, I've got another £20,000 set aside to top up more.

"Court case starts 19th October"

A date hasn't yet been set for the court case; Tomorrow is the consequentials hearing, and is only estimated to last half a day.

"3m shares traded after 5 hours - sp down 1%"

Yep, volumes are dropping, anyone idea why?

"As for PSTN switch off by 2025 I don't see this happening for reasons I've given previously. "

It's happening, in fact it's set in stone.

"Yes, we mean everyone. Business and home. And it’s not just your phone services you need to think about. It’s everything else that currently uses the old phone network, all your non-voice services connected to PSTN or ISDN lines. Things like alarms, EPOS machines, door entry systems, CCTV, and faxes."

https://business.bt.com/insights/digital-transformation/uk-pstn-switch-off/

"25 million FTTP completions may or may not happen by Dec 2026"

I admit the task seems impossible at the current rollout rate, but I suspect BT are currently focusing on rollout in the more difficult locations first, and may go for the easier wins later in the program. I live in Bolton, with VM offering CTV/Broadband, and CityFibre currently focusing here too; Bolton doesn't currently show up in the Openreach FTTP rollout schedule, even though the Training centre is in Bolton, and the area is well served by BT ducts.

"This is allied to the buildings footprint target, so I doubt a 2/3 reduction is going to happen."

The buildings are leased from Telereal, and BT can only hand back a percentage on a rolling basis until around 2031 anyway, but decommissioning the buildings will save on maintenance, power, staff costs, etc. Even if BT miss the target of 25 Million premises passed, you can bet they'll be a long way toward meeting the target.

"It's easy to fill a report with attractive ideas but a different thing to deliver them."

Don't see anything difficult in delivery, even if it takes a bit longer, but the direction is clear. We're all entitled to our opinions, but I disagree with your assertion that BT is directionless.

"Hedge-fund mogul John Paulson, who was behind the “the greatest trade ever” — in 2007, he personally made $4 billion on his short of subprime mortgages — thinks cryptocurrencies are a bubble that will prove to be “worthless.”

https://nymag.com/intelligencer/2021/10/why-the-big-short-guys-think-bitcoin-is-a-bubble.html

"Unfortunately whilst I see the positives in BT - mr market doesn't."

The drops are on really small volumes; The last big volume day for BT was the 17th September, on Quadruple Witching Day, with over 159 million trades suggesting lots of movement in the derivatives market, whatever that might indicate?

"I'll summarise sum of the points"

I have no idea what happened there lol, of course I meant "some of the points" Doh

"Will bt be broken up , EE floated , openreach floated"

Openreach is a Network management, Provisioning, and Maintenance company, that doesn't own the assets it looks after. BT own the ducts, poles, wayleaves, and all the access infrastructure; So the infrastructure assets have a rental/sale value in addition to whatever the Openreach workforce/Revenue may be valued at. How BT decides to proceed once rollout is completed is anyone's guess, but I don't see anything happening with Openreach for the next 5 years. EE is part of the move to converged networks and IOT, so BT won't let that go.