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The external auditor of BT has issued an "adverse opinion" on the company's internal financial reporting controls in a fresh blow to its accounting credibility. KPMG wrote in a letter that BT "did not maintain effective internal control over financial reporting as of March 31, 2020 [the end of its financial year] because of . . . material weaknesses related to general IT controls and risk assessments". - The Times .Yet SP up today!!
Besides general Market decline theres only the Pension Deficit holding this back from a slow steady rerate over the next few years. Am more concerned about the next 6 months and the possibilities of another crash but if we avoid that we are set fair from this current SP and DB will have to do a U-'turn and recommend a buy soon enough.
Staff 5 year Sharesave option price set at 82p ,that's last weds market price minus 20%. Good news for staff I wonder if brakes will come off SP now...GL with your purchase Fleccy iam sure in a few years from now you will be happy.
Around 6 million premises are fed Direct in the Ground as no duct insitu , mostly by Armoured Cable from 2 pair to 50 , a lot of premises out in the sticks but the vast majority are homes build from early 70s to late 80s that have no duct and are mainly fed from small silver coloured Pillar about a foot high above pavement level but over the years lots of these pillars have been cut away and turned in to a joint buried inside small manhole. Lots of these end users will find a new wooden pole outside their homes to enable fibre service as it's the cheapest way to do it but they arnt good to look at.
Yes was thinking that myself but a partial buy in wouldn't be taking control from BT ,defo something brewing
DT have 77.4 Billion debt and are in the process of taking over another telecom firm at the moment so we can count them out I think
Surely its selling part of the Crown jewels on the cheap at these rock bottom prices, perhaps BT are struggling more than we thought! Why sell off at these prices?
Talks going on for last few days if news is to be believed ! Then some of the BOD buy in , the people at the top looking after themselves again.
They value OR at £20 Billion according to news report...double the combined value of BT today! . It all happening this week isn't it
Silly prediction Pre Virus but doable now,its a market sell off after recent relief Rally that has helped you big time. I dont see it hitting your target but can see low 80s at worst if it falls with general Market. The ftse would have to go under 5000 heading to 4500 for that to happen.
Monthly Staff share buy in will either have been today if not tomoz of Friday, I think the next new Shareshare 3 or 5 years will be set at that market price on the same day minus 10 and 20% and offered to Staff in early June to commence in August..looks like they are going to get a good price as could go under a quid from tomorrow.
The good work of creative accounting ( rebased pension liability) will be tempered by recent market crash for the time being which may force SP down again short term but hopefully by the next triennial the Pension Pot should be in the position of surplus me thinks..add fibre build 3 more years down the line and less staff to maintain then SP will look much better than today assuming no Great Depression on the horizon.
It's been in the press for last 2 weeks that football clubs back in full training from 15th May and they would need at least 2 weeks pre training before kicking off again so early June about what the City were expecting and priced in already looking at todays SP
Pension review to be announced next month will surely be the Catalyst for SP, am no expert on stats like Velo but have read that new accounting rules may slice alot of the deficit here , the Pension Debt is a skeleton in the cupboard and a decent cut in the deficent will possible signal the bottom of SP assuming there is no general market correction in this quarter .
Anybody buying at this price can console themselves that they didn't pay 5 quid or 4 or 3 or maybe 2 , am in for 10 years if required and can wait before I sell again. I think all bad news out now and BT share price in the hands of the market as we may have had a dead cat bounce or maybe the slow long recovery has started and we will soon find out in the next quarter. Personally I have been waiting for a price under £1 before buying final tranche but it hasn't happened and I have purchased else where and made 16% on my buys , if I had dropped that into BT over the last 6 weeks I would defo be in the red so am glad I haven't. Let's see what happens next week as it looks like 3 more weeks of Lockdown that the Market wont like.
Most BOD look after themselves when creating their eye watering Share Option Plans at the expense of staff lower down in the pecking order, BT employees can only put £300 into their plan and many cancel when share price dives to take money out and buy at market price but that cancelled plan counts towards the 300 quid so they cant get into new plan at rock bottom price.Also the BOD wont let staff put £ 500 per month in that many other firms allow but they sure look after themselves.Most BT staff are coming into work to cover their large losses on these plans and it ain't down to them it's the very poor leadership from up above.
Yes the projected cut in Dividends savings over the next 2 years would easily cover takeover of ITV which is currently worth 3.1 Billion, BT board need to flex their muscles after VM/ O2 merger announces this morning.
Same here mate got in this morning , will have a look in a couple of years. GL.
To go under £1 it would need almost a 20% drop from todays SP, that's debatable for me and if it did happen I think it would be quick as buyers get in for top up . More chance of drop in June on Pension news me thinks.
15.7 million shares at 9 quid each and hopes that pubs and hotels open this June, I know they have gone past that price today but surely pubs wont be open in June?.iam amazed by resilience of this shares over the last few weeks.