Member Info for pacemaker1000

....NOT!
New CEO fail!

Sorry my comments were meant to be kind of sarcastic. I’m not advocating the break up of BT really just using it to point out the current valuation is bordering , no is, preposterously low

If it got asset stripped we’d get over £5 a share!
That’s the point why is BT so low?
Shorters driving the price down. It’s a case if the tail wagging the dog and should be banned

SP should be based on value not sentiment

Before EE BT physical assets were estimated at £60bn without buildings and property.
As said even if EE still only worth 12bn BT is ridiculously priced at the moment.
And before you mention debt that’s low compared to assets plus debt is encouraged to reduce tax.
This is all down to Ofcom and sentiment. If it was me I’d buy it and asset strip it and did Ofcom and move abroad.

Copied from my rant on another forum

BT pension deficit lowest level for years 5-6bn compared to 12-13bn just last year and lower than when shares were £5
Plans in place to eliminate deficit although interest rises, alteration in calculating deficit based on life expectancy and total closure of scheme since last April could see less contributions needed
It’s a done deal,sorted, move on and blame something else for the poor SP.
How about expected divi cut? Nope! Best cover in FTSE so cant blame that either.
Too many staff? Nope! reductions in process.
Bad CEO? Nope got rid of him.
Bad results? Nope! Better than forecast.
What’s left to blame?

There is only one reason BT and the UK's infrastructure is failing......Ofcom!
They have enforced a dilution of the telecoms market (put money in other SP's pockets) that would have paid for investment and allowed BT to provide a better service at a better price, whilst making a sensible profit.
Ofcoms job from day one should have concentrated on two issues. investment and customer value for money. Not competition!

seriously?
remove the value of EE and thats all that's left compared to £50bn three years ago!
crazy current valuation imho

Two years ago EE was bought for £12.5bn. A fair price.
Which currently puts the value of BT at only £8bn!! Which is a ridiculous figure.
To put it another if way DT just gave back what it has pocketed it can pick up BT for just £8bn and given the 30% drop in the pound it’s not even that. Plus I think they had shares too?
All this for a company that at the time in 2016 was valued at £50bn on its own.

Something is seriously wrong with BT’s current valuation!

That’s an excellent question.
DT were on the cards and I don’t think it would surprise anyone if they bid very soon. From when they were interested five years ago BT would now cost them, or anybody else, 60% less!
And have profits that much lower? Nope!

Excellent. Already way undervalued imho.
Sum of the parts do not equal the current SP by a long way. Look at profits when we were £5 and there’s nothing in it.
Pension is definitely sorted!
Ofcom realising it has to back off or risk the U.K. falling further behind!
Divi confirmed safe!
5G coming.

Unlike other companies avrohm quotes BT is unique. It has a very profitable product that is continually evolving and is now a necessity to everyone and every business. Tesco Customers can go elsewhere and M&S are loosing to online.
BT has NO competition that doesn’t itself rely on it and ain’t going anywhere. In fact it is a national asset that would not be even allowed to fail!
Safe as houses , enjoy the safe divi and wait for the market to realise it or if not it will be taken over at this stupid price

So divi cover is STILL 1.7x earnings and well covered probably best in FTSE.
No worries here..move on lol

Cheers
Reason I asked is pre results were expected to be 25.9. So I s up!
Which one does our divi come out of? Adjusted ?

Anyone know what the new adjusted earnings per share is?

I’m not in favour of using the divi, my money, to pay for investment unless ofcom commit to a reasonable return.
The telecommunication pie has too many leeches who refuse to spend money and this needs addressing before BT commits.
Ofcom seem to have made a start with the rural fibre rollout but only because they were 'surprised' at the lack of enthusiasm from competitors..ffs!

Surely on the cards now?
Steady results, pension sorted, ofcom onboard, 5g coming, OLO's not interested in investing and a bargain price!
Nothing’s much changed since the share was 500 and given the drop plus the 30% drop caused by Brexshit BT is now 60% cheaper than it was.
Seriously it’s scrap value is worth triple the current SP

Pension sorted, well into mid single figures compared to £13bn last year.
Regulator at last on board and also supporting rollout profit for rural areas
Competition not interested in investing.
Staff reductions underway.
No threat to divi

Divi held and fibre rollout dependent on regulation?
Sounds like a threat to me and about bloody time!

Great news

Cutting divi would be disastrous for the SP and a foolish move by the new CEO imho. Don’t want his very first move to crash the SP surely?

I smell a rat!
Either results leaked and bad or MM driving down to make a bigger profit tomorrow?
Not even Numis buy rating shifting the SP this week.
Low 200's or 240's tomorrow. Hold on to your hats, but I for one will be extremely pissed off if divi is anything more than a freeze. Bad enough I’ve lost tens of thousands (on paper) I don’t want my income hit too