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Yes that's the minimum cut needed maybe more for the future good of the company. BT ceo Phil Jansen promised staff that jobs where safe for 3 months from March 24th but no guarantee after that so there is the possibility of Furloughs but unlikely as I think Virus situation may improve by then but if that did happen surely Dividends would have to be scrapped completely.
Toff , I expect EE still doing business on line so maybe not so damaging that shops closed but time will tell . I am being realistic about near term headwinds but 3 to 5 years ahead is what am more interested in .
BT still providing its services which is great but what about customers paying the bill's over the next year after possibly not earning any money themselves.No new customer provide jobs for the last 2 weeks and none for the foreseeable so we are relying on existing customers to pay their bills to maintain cash flow so I think BT are going to take a significant hit from small to large businesses and self employed who in some cases have no money coming in at all now . The Dividends should be slashed this year for sure but I have been saying that for the last 2 years but now they can fall in with everybody else and keep the cash to spread amongst the pension and fibre build and future bad debtors
Hard to believe any trader would deal either way on the strength of chit-chat on a forum but hey ho...am looking to buy in soon so dropping a few pennies more will suit me ,, extension of lock down eminent so that may do it.
It stinks that Directors in this firm and many others can create Share Options out of thin air when the SPs crash , talk about looking after yourself .
Take your profit and let the balance ride.
Same here mate,will have a look in a couple of years to see how am doing.
What will the Cash flow be over the next 6 month or so ?.Its great that BT can still provide its services and theres good demand but punters still have to pay the bills and plenty of them big and small are going to struggle to do that if they arnt working themselves . Sure they wont go out of business any time soon but am invested but still expect a little more pain before we see steady recovery
What will the Cash flow be over the next 6 month or so ?.Its great that BT can still provide its services and theres good demand but punters still have to pay the bills and plenty of them big and small are going to struggle to do that if they arnt working themselves . Sure they wont go out of business any time soon but am invested but still expect a little more pain before we see steady recovery
Debatable how much it's worth?, plus how much to recover it ?, nobody has a definite answer do they .
Kev, every investor aims to buy at the bottom and sell on at a profit and depending on time held any dividends are helpful . That wont happen very often but buying near the bottom and selling near the top is what you should aim for , DYOR but at some point you have to be brave and buy in but these are exceptional times at the moment and patience pays.
Good effort by BT today but the DOW down 13% and S&P 12% at the moment so could be a very tough week ahead now, these moves are now the norm so I think a whopping 20%+ fall in these markets yet to come!.iam invested still so am feeling pain but I have money to buy also and think later this week may be my opportunity but always a gamble Tin Hat time
Bt still turn over 2 billion per year profit , your examples of British Steel/ Leyland are not comparable . I remember in the 70s it was common for these companies to announce major losses and to take cash off the State to survive another year or two to no avail, until we see major losses over a couple of years theres no chance of BT going under . The fibre and copper would have to be completely superseded by really reliable 5-6-7 G to make BT not needed for the last mile as major fibre between exchanges still vital to Mobile network
End users thru their Service Provider are paying for the fibre network to be installed now and will keep paying for the maintenance of it in the future but paying the bill for the telecommunications infrastructure as gone on since the beginning hasn't it ?.the divi is great but for the long term good it needs to be cut and put into the pension for the staff.
Why would DT buy now? BT need double/triple the 30 billion estimate to fibre up completely, there are 6 million premises fed direct under ground with no duct so complete new track and ducts required to these probably after easy provides are done overhead as new chief has said that's a massive engineering task . I have a shed load of BT shares in my Sipp and after 20% Tax Relief am down 10% now and expecting more pain short team with Brexit fall out and possible Stock Market correction , I have plenty of time to wait for a recovery but I can see SP dropping steadily till the new year in which case I will top up nice and steady ..iam hoping Openreach get spun off to create a standalone company that will generate good income after bulk of fibre installed as that's were future revenues will come from..I think 2 years plus before a proper recovery as telecoms unloved at the moment but I see good value even at 2 quid plus compared to valuations of some new business eg Uber,Netflix etc.
When the infrastructure is in place to support 5G etc , ie full fibre to the premises then BT will have a constant stream of revenue from it for many years to come at a greatly reduced cost as regards maintenance because they can reduce engineer head count big time . Unless DT come knocking I can see no decent increase in SP in the short team as decent FTTP cover at least 5 years away up to 10 maybe..my shares are tucked away in SIPP so I can wait for a turnaround that iam sure will come
Rising in Anticipation of good news I would say ,,RNS confirmation on how much oil we have and license renewal and agreement on debt repayment/ new acreage % all critical .Should nudge SP upwards nice and steady but evidence of oil being sold and proof that AAOG can maintain production that's the key good profits and dividends sooner rather than later and of course being able to fund next drill with cash flow..not long to wait now
I applied for more than my entitlement and didn't receive any at all as just reread offer and noticed ( No excess facility under this offer ) , suspect a few more may have been affected by this and its contributed towards lower take up
Yes Brexit it bores me but it may have effect on some stocks but not the AIM Oil/gas sector ..I expect some of the timescales with AAOG may well lengthen but that's normal in this business it seems , but we really do need to see oil flowing as cheap talk don't pay the Bill's does it...CPR is still just a estimate but a useful indicator of what may come,,cash coming in and divis for the holders and we can start dreaming of some explosive SP growth
Still muti baggers out there in oil and gas sector ..Eco for example IPO at 18p now 81p unfortunately not invested but on my watch list for last 6 months..Aaog need to do what it says on the tin and I will be sticking around till end 2019 to review my investment here..here's looking forward to similar SP increase to Eco...