Member Info for Lee21

where have they found 12.1% worth of shares. Has any of the big holders reduced their stake?

(Sharecast News) - BT's downgrade cycle is in the past and a 'major rerating' is called for, JP Morgan said as the bank increased its price target for the telecoms group's shares and reiterated its 'overweight' rating.
The FTSE 100 company has suffered major downgrades over the past five years but Openreach, its network division, will power upgrades as earnings surge, JP Morgan said.

BT's earnings before interest, tax, depreciation and amortisation have fallen 16% to £7.4bn in the past half decade and operating free cash flow has plunged 45% to £3.3bn. But earnings are now forecast to revive to more than £7.9bn by March 2023, allowing cash flow to revive even as spending on fibre increases, JP Morgan said.

Openreach's asset base will grow from £14bn today to a peak of £23bn in the medium term, supporting a £1bn increase in the unit's earnings in the long run. BT's equity free cash flow will more than double to £3.3bn in 2031 from £1.3bn now, the bank predicted.

"Whilst such growth might seem heroic, note this simply restores EFCF back to levels last seen as recently as in 2017," JP Morgan analyst Akhil Dattani said in a note to investors.

Dattani increased his price target for BT shares to 230p from 175p based on an increased forecast of 19.31p earnings per share for 2022 and a £22bn sum of the parts valuation for Openreach. Though BT shares have gained 50% since October as investors have woken up to its prospects the shares are still 70% below their 2016 high of £5 a share, he added.

Dattani said catalysts for the shares to make gains include annual results, a pension update and lower costs in a Premiership rights auction. But he said a substantial rerating needs BT to convince investors of the long-term upside from fibre.

Private equity is increasingly interested in fibre and an option would be for BT to sell a stake in Openreach to demonstrate its value and to collateralise a stake with its pension fund to reduce costs.

https://newsroom.bt.com/hyperbat-accelerates-industry-40-with-world-first-5g-virtual-3d-engineering-model/

Hyperbat, one of the UK’s largest independent vehicle battery manufacturers based at Unipart Manufacturing in Coventry, is using the latest 5G enabled technology to significantly speed up the manufacturing process for hybrid and electric vehicle production in the UK.

Partnering with BT, Ericsson and NVIDIA, Hyperbat is set to benefit from a world first 5G Virtual Reality (VR) ‘digital twin’ solution which allows remote teams in different parts of the country to connect, collaborate and interact using a virtual 3D engineering model. By enabling dispersed teams across design, engineering and manufacturing to collaborate more efficiently, the technology is set to accelerate the pace of innovation within the UK manufacturing sector.

Hyperbat alongside its partners – BT, Ericsson,Qualcomm Technologies, NVIDIA, Masters of Pie and The Grid Factory - unveiled details of the solution at the NVIDIA GPU Technology Conference (GTC) demonstrating how it will reduce product cycle time between design, engineering and manufacturing teams based in Coventry and Oxfordshire.

The solution offers a world first untethered 5G native experience that will allow design and engineering teams to walk around and interact with a 3D lifesize model in real time through a single self-contained device, and without the constraints of a physical connection. Hyperbat colleagues in different locations will be able to work with a 1:1 product scale hologram of the design in-situ on the factory floor, review designs in real time, and manage workflows much more effectively.

The solution comprising high bandwidth and low latency 5G connectivity, integrated by Ericsson’s D-15 Lab in Santa Clara, California, will enable Hyperbat to deliver engineering projects at scale. This will empower teams to improve build efficiency within its manufacturing processes, whilst removing current complexities between product management systems, supply chain and factory operations.

The 5G VR digital twin solution will be deployed by BT and Ericsson on a 5G mobile private network, using the world’s first 5G-enabled VR headset powered by the Qualcomm® Snapdragon™ XR2 Platform. The VR headset will run on the Masters of Pie Radical platform, enabling Hyperbat to use cloud-based virtual reality within computer-aided design (CAD) software. Using high performance edge compute, the solution also includes cutting-edge hardware and software from NVIDIA to seamlessly integrate into existing factory floor operations. Qualcomm’s VR headset incorporates split rendering where all the perception-based data is held locally on the device, but the computing is handled in the cloud and streamed by the NVIDIA CloudXR and solutions. This helps to achieve a seamless, high fidelity VR experience that produces a real-life experience for the manufacturing teams.

I guess lse didn’t like the last four letters of the company name Babc0ck.

will cut 1000 jobs and after the review it has identified impairments and charges totalling approximately £1.7 billion. Guess what happens to the share price, it goes up by nearly 40%. ??

https://www.ispreview.co.uk/index.php/2021/03/ofcom-uk-make-changes-to-rules-for-landline-and-mobile-calls.html

a new chairman before full year results? That plus a positive pension review should give BT sp another boost.

How long has Ian Cheshire been a non-exec at BT? I was hoping for someone outside BT to replace Du Plessis someone that Jansen would choose himself.

Du Plessis sold 1 million shares and then his wife bought 1 million. I take it Jan knows that BT shares are only going up from here.

https://news.sky.com/story/amp/pm-to-hold-talks-with-bosses-amid-unrest-over-industrial-strategy-abolition-12255243

Boris Johnson will hold talks next week with dozens of Britain's leading businesspeople amid unease at the government's decision to scrap its commitment to an industrial strategy.

Sky News has learnt that the prime minister's Build Back Better Council will meet next Tuesday, with the chancellor and business secretary also expected to attend.

The council comprises 30 of the UK's top corporate bosses, including Philip Jansen, the BT Group chief executive; Lord Deighton, Heathrow Airport chairman; Dame Carolyn McCall, ITV chief executive; and Charlotte Hogg, who runs Visa's European operations.

I can’t believe it, UBS has raised BT price target.

https://www.thetimes.co.uk/article/melanie-dawes-broadband-revolution-at-ofcom-w8q29fncf

The regulator’s boss wants us all to have ultra-fast internet. But will some customers pay more?
Melanie Dawes has yet to meet many staff at the regulator — she joined weeks before the first lockdown
Melanie Dawes has yet to meet many staff at the regulator — she joined weeks before the first lockdown
TIMES PHOTOGRAPHER JACK HILL
Jamie Nimmo
Sunday March 21 2021, 12.01am, The Sunday Times
Dame Melanie Dawes has a confession. While the Ofcom boss has had no problems with her home broadband during lockdown, she does not have “full fibre” — the fastest internet access.

“We’ve had two people working, we’ve had homeschooling going on and plenty of streaming, it’s stood up well,” said Dawes last week over a crisp connection from her London home, connected to the internet partially through ageing copper telephone lines — a system known as “fibre to the cabinet” (FTTC).

Dawes was hailed on Thursday for helping to lay the groundwork for what some think could be Britain’s long-awaited full-fibre broadband revolution. In a landmark Ofcom review, she decided against imposing price caps for at least the next decade, and possibly beyond, on full

DT don’t seem to be too worried that share price has gone from over £4 to £1.45 today. They still own 12.06% don’t they? I wonder what have they been doing with their shares these last few years. Also why did DT CEO Tim Hottges resigned from the board of BT directors? Has anyone any idea why DT is still keeping hold of their BT shares? I thought they are allowed to sell them as of 2019 I believe.

The timing could have been anything between 1 and 3. Sorry I can’t be more precise than that.

Velo could you please have a look at today’s consensus and give your thoughts. It looks to me very similar as the one on the 5th of March.

at some point today maybe after markets close. It will be interesting to see whether the latest news will play any role in it. I am hopping for an increase of total group revenue year on year as at the moment they are showing it going down by a bit in 21/22 and 22/23. Fingers crossed and hope the only way is up from here for BT share price.

I saw that earlier on the Broker ratings tab on this site. It is dated 18th of March.

has come out today with a sell and target price of 110. They seem to be joining forces with polo tang at UBS.

Thanks for your answer fleccy. I would like to see Philip buy a few shares enough to round up his holding to 5 million. That would be nice to see and give the shares a little boost.

One question please: Has BT confirmed FTTP build 20 million apart from 4.5 million build so far or is that the total including what has been build so far?

If the total is 20 million and they have done 4.5 million already than it should all be done by the end of 2026 if I refer to what Clive Selley said in the RNS.