RE: SP price31 Oct 2018 14:53
Ever since the Fin Crisis Observatory identified this as a buy at the start of Oct I've been looking into this share. And I have to say, it's just not worth it. Buying this share is gambling not investing. NP can't cover Dividends. ROCE is just 6%. Debt is out of control. Some serious management decisions need to be taken here. Currently, I wouldn't pay more than 100p for it. BT sp is struggling and that business is in much better shape. If you think acquisitions are going to have the required impact on NP & ROCE, well good luck with that as it doesn't look like the 'City' analysts yet agree with you.