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Https://www.investorschronicle.co.uk/news/2023/11/23/profits-down-at-speedy-hire-as-low-volumes-persist/
ok, this article is from Nov last year but it says,
"Broker Peel Hunt maintained its full-year Ebitda forecast of almost £110mn following the release of Speedy’s interims, although it did reduce its pre-tax profit expectations to £30.5mn from £33.5mn. "
10% lower would be about £27mn, which is still about 20 times better than last year as I understand it.
Any guesses about what's holding the SP back?
IAG doing well on no news, would normally see rises on other airlines. But not Wizz apparently.
Concerns over reaching expectations on the full year results perhaps...,. due in 2 weeks. Then what?
Looking extremely cheep.... and I'm considering averaging down.
I suspect the reaction to the profit warning was a huge over reaction,
However, does anyone know what the expected profit was and what the new expectation is?
Without knowing these two thinks how can anyone assess is the reaction to the profit warning was reasonable or not.
Https://www.globalservices.bt.com/en/solutions/solution/global-fabric
I think you should read the RNS...
Sure ! Its not good to get a profit warning... although its the responsible thing to do,
However, considering we dont know how much lower then expectation it will be I feel the market has over reacted.
Considering this in the RNS
"we secured over £40m of annualised revenue from new multi-year contracts. These contracts represent attractive growth opportunities but have taken longer to mobilise, due to contract specific delays. Therefore, new contract revenues will have only marginal benefit in FY24 with the full effect coming in FY25."
I'm expecting to see the sp doubling in the next 12 months...
Ok, fair point, the copper was paid for... but at the time it was paid for it created a monopoly, there was not competition and hence the regulation.
With the fibre rollout its different... there is fierce competition in the telecoms market and BT has invested heavily in fibre that will differentiate itself from the competition
So does that mean that the next generation of fibre based services will be subject to the same level of Ofcom control as the current copper based services?
Or will BT have more freedom to sell these new services however they wish?
Sorry this is probably a rookie question, but I expect there are many other rookies like me who would benefit from the views of the veterans on this board.
I understand that with the copper land lines, these were paid for by the public purse and handed to BT when it became a PLC. Therefore giving BT a massive advantage and hence heavily regulated by Ofcom.
However, with the new fibre infrastructure, this has been paid for by the shareholders of BT, not the public purse…. So surely BT can then sell fibre based service for whatever they like… without any… or at least far less Ofcom interference. It will be up to BT what they charge and up to customers if they wish to pay. It’s not like customers won’t have choices – StarLink, 5G etc…
Interested to know peoples views.
I thought they sold most of the property in the early 2000's
Only the BT tower and BT Centre remained owned.... as I understood it
BT Centre was replaced by One Braham St... which might suggest then the 174 M valuation is just for that