RE: Frank Field10 Jun 2018 16:16
As soon as interest rates start to tick up, the pension deficit will start to melt away....clearly will be increased by BT's extra payments.
Five yrs from today this company will be in a much much better place. However, we have to accept the next 12-18 months won't be pretty....but that gives us the opportunity of a cheap buy in price.
Once the story changes, green shoots start appearing, pension deficit reducing, efficiency savings kick in then many people will want in at @ £2 per share.....only it won't be close to £2:)
At this price we are getting g paid to take the negative story headlines.....it's the same reason I'm in VOD..but do hold alot more of them....and with a slightly progressive dividend (2-4%) are slightly more attractive but on a higher P/E than bt.
I don't really think you can go wrong with either