The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
"Our EDG application has not been rejected and continues to be work in progress. I expect to be providing a fuller update on our refinancing plans in the next few weeks".
What a crappy piece of s*it from The Times ...shameful
full of repeated waffle and speculation
Sang
I see "how not to panic in a crisis" is trending on Google :-)
Arrowstreet could have just increased by, say, 0.3% to take them over the disclosure line , having previously been just below the 0.5% level, but, their entire 0.52% now gets added to the disclosure figure, bringing it up to 7.31%
Paying potentially unaffordable dividends and failing to invest sufficiently for the future, in order to compete , is at the end of the day, a deluded path to look down
If indeed they were to trim the dividend and invest further in tech, like VOD are doing with Microsoft partnership, then that in itself can help secure and push for stronger earnings , which generally supports stronger share prices
" only on the shallow LSE can you have the SP brought down circa 25% without any volume, as we saw play out in April/early May "
why not?... what not to like about selling high and buying lower and ending up with far more shares than you started with ??
Maybe you are misunderstanding what the game is all about ??
They'll have to put out detailed quarterly revenues/P&L, and also provide guidance. It's a major headache versus the LSE, where they don't need to put in as much effort. It's an easy way out of dealing with such strict US requirements.
well BT Group pulled out of a US listing in 2019 citing costs and complexity
By giving out all that detailed info each quarter you are also handing it all to your competitors and potentially setting yourself up against Analysts who can adjust their targets and be much more nimble on earnings projections as a quarter moves through,than you can be with an initial guidance
SMS has played the game for decades, he knows it all inside out
When the FED etc cannot make any detailed predictions up front and only like to when the data comes in, then exactly how easy is it for all these BODs to, given the continuos volatility they face on many fronts ??
I would not do a Nasdaq listing. They would just be a small fish in a big pond, as SMS said.
It also means a lot of time spent on meeting regulation there.
It is not as great as what may appear ... European companies that list in the US generally under perform US domestic listings
Nasdaq wants the fees of course, so they try and get listings in
The market very often sells down in a FTSE 100 company, on the appointment of a new CEO. Such is the importance of the role and responsibility.
Happened at GSK when Emma took charge. In that forum many were very sexist and complained like mad that she was useless, but she proved her position and resilience,and the SP recovered over time after she gave a clear indication of her strategy and leadership, and made some key appointments to strengthen her team ...
Same here really. Alison has been given the assets,finances and workforce to use to the best of her and the BOD ability.
If Thursday she convinces with leadership and strength of strategy then the likes of Blackrock will support once more
IMO
The end of day auction the past couple of trading days has been quite strong. I suspect some of the main shorters have bought shares in those auctions and may well be still sitting on them, having yet to hand them back.
Whether they do will probably depend on Thursday... If the Results and Outlook from Alison is positive, they hand them back, and if it isnt they dump again in the market and carry on shorting... covering both ways and awaiting Thursday
Some of the smaller, non declared short positions may well have covered and hence an up-tick from the oversold price...
Right now the market does not know what the strategy and new Outlook is with regards to the new CEO .. in terms of capital allocation,cost control, KPI Guidance etc ..with regards to the new Financial Year, within began in April
The market is waiting for her to deliver the final quarter results, which are largely done using the previous CEO spending budget ...and... more importantly deliver her ideas and expectations to the market and to Analysts
Tom Meakin has been appointed interim Chief Strategy and Change Officer in a new Strategy and Change division aimed to “drive the refresh of BT Group’s corporate strategy” and BT Business is moving to a "pay as you use" model instead of fixed term contracts ...so there is much to expand on with those ...BT Business being a key area for improvement
" Tom will be working closely with myself and the ExCo to design the broader unit and make sure the accountabilities for both strategy and major change are in the right place, so we’re set up well to deliver across the company,” Kirkby said
"The division will bring together BT’s corporate strategy and development team and the group transformation and assurance team"
Until she does that , next week (16th May) the market will be in a "wait and see mode" .... although there is everything to suggest the SP has been oversold on the FY Earnings , and everything to suggest there will be a lot to announce in terms of " strategy and change "
I suspect Kirkby is "ready to shake things up at BT" and it should all start next Thursday , she will be glad to get the "old" results behind her and focus fully on the year ahead and her own Year guidance
It is very political as can be seen with Greater Manchester , as can be seen with their very bias write up ...
It is a nonsense to think that somehow the WMA does not liaise with Mobico with regards to routes,fairs etc ..... in fact they agreed together after the pandemic not to put prices up in order to assist in getting to passengers back onto the buses ..and liaised over the 2023 agreement with prices and wages
Mobico subsidy received from the WMA in WM is falling again this year, in the last year of the current agreement , and the WMA is dependent on DofT for their amount
If the new mayor goes to control and franchise then they will end up with a similar model as before, only they will use it as a political idea to point score
I guess a Labour controlled DofT in central Govt may provide more funding for local areas for public transport , to which the local Authorities would then have access to ..but it all depends on subsidies ...and a Mobico model is much the same ...
https://www.greatermanchester-ca.gov.uk/news/greater-manchester-becomes-first-place-in-england-to-retake-control-of-buses-after-40-years-of-deregulation-with-historic-bee-network-launch/
Very early days for the Gutmann case, but there is a Claim Document here to explain the Claim being made
https://www.catribunal.org.uk/cases/16257723-mr-justin-gutmann
The market here is very focused on the Operational EBITDA Margin, and obvious cost control in order to protect and improve that margin ....Managing costs in relation to revenue expectations
The margins are falling behind those achieved by Peers, so more decisions need to be made to push down costs in relation to revenue pressures .
...Guidance on new business pipeline will be important, in terms of measuring against Peers , as will comments on new cost saving targets.
..SMS has guided "some margin improvements" which I suspect the markets will test him on....
The drop in Q1 USA GDP figures and associated pressure on the US consumer assumes there is still pressure on the ad market in terms of SFOR´s Content and Tech clients
I think SMS is fully aware of the global picture and I dont think he realistically thinks,at this point, that there will be that much improvement until 2025, so is battening down the hatches and looking to find some margin improvement.
..the US Election uncertainty for most of the year, the geo-politics generally affecting trade and inflation, the FED and general Central bank positions .
... in terms of H2 revenue Outlook, I suspect that is still a little cloudy in terms of getting certain commitments from clients and potential clients
Potential Bulls, will let the Bears do the work... IMO....and save them over paying, if indeed the guidance on margin isnt showing much improvement and the Outlook still remains somewhat cautious .. any sense of confidence is generally pitched at the "medium/long" term anyway
You can almost expect and use a lot of what WPP said in their Q1 :
"The first quarter of 2024 was very much in line with our expectations with performance reflecting the toughest comparator of the year."
Q1 revenue -1.4%, declines in North America and Asia Pacific, reduced spend at technology companies
"Our outlook for the full year is reiterated. We remain on track to return to growth in the balance of the year, supported by an encouraging new business pipeline and the strength of our business creatively and in media, both powered by new AI capabilities, while our simpler structure will drive organisational flexibility and stronger cash conversion."
" I'd suggest the shorters are currently betting on the class action result "
Fleccy
I suspect some are merely betting around the FEAR regarding the result, rather than the result itself...
Closer to the time they may change position to more match what they really think...
So far BT has not put aside any provision, as far as I remember, which gives some indication of their strength of position
Also, BT has not sort any kind of out of court settlement deal , with the notion that they accepted they knowingly did anything wrong,
I think that from BT legal team, they have gone into it feeling they have a good case to argue
The candidate stated he wants Birmingham bus services to go into public control.
Of course, he is looking for votes .... "public control" always sound nice ..... wait until they find out what that means and what it costs to keep a fantasy route system that wants high wages and low bus price tickets
...
"Yes pokerchips, seems my 165p prediction was incorrect/premature"
"I think we'll be seeing 114p+ shortly."
" IMO We will see sub £1 this week."
Savage
Well , whatever crystal ball you are using ...I think you need to get a refund... it keeps sending you very different messages
" And not being afraid to admit when you are wrong,.."
yes.... once you make a buy, ideally, you should always then assume that you are wrong ..... so that you are ready to take quick and immediate action when that proves to be the case .... !!
"...increase in cost to account for infrastructure spend. "
Well... i guess receiving £275m for BT Tower will go towards any of that
" What I am against is rogue hedge funds that target perfectly good companies with fabricated lies to drive the SP down while simultaneously shorting."
Yes, indeed so Toff.... and if you are a non-holder you watch it happen and see if you can buy low down on ths back of their work
But, ..........you also get that, at the other end in a different form
....fabricated lies to push prices up further and further, bringing in sucker buyers who are then saddled with the most risk and potential losses from overpaying , having been mislead about the situation,.... this time, those holding let it happen hoping they too will find suckers to sell to and take the most profit
Everything that happens at the short end, happens at the long end.... often by the same people wearing different hats