Member Info for tony2119

I hope Polo Tang remains a permabear on BT, he’s half the reason I’m in the stock. His pain is going to sustain me over winter when this climbs above £2

I think because of the speculation in the papers on the weekend and it's price sensitive information. The company is required to clarify. There was no chatter about the profit numbers, revenue and so on, and so they didn't need to address those....

2.50. And everyone who matters would leap at the chance. I think it’s worth more too but retail investors don’t matter

You could look to buy in small bites as it drifts lower rather than commit it all at once.

I look at global multiples and see that BT is under valued and buy on that basis. But it’s been under valued for years and still the price declines. Perhaps wait until results next week, you may be able to pick them up 10p or more lower

He bought shares and then the share price fell...rather obvious and it happens to us all...what on earth is your point?

There is simply no way they do this. Bedding down an acquisition / merger is hard and most fail. And the CEO wants to reshape their strategy. So going into wholesale is biting off far too much IMO.

I sold out after the results - dumb move, thought the shares would be punished given slight miss and past history - now bought back in. Narrative from pundits so much more positive today than a year ago and it just feels like the momentum keeps building

Apparently it’s the same price target, just saw on proactive investors, but moved to overweight. So no idea what 115 means here sorry

Former price target so it’s massive

Yeah agree it’s really clear, they committed to fair bet beyond 2031 too and basically are going to regulate areas 2 & 3 equally among bt and their competitors, ducts etc aside.

Couple of little triggers in there too to get people off copper - your point heallywood + a 1.40 I think it was monthly premium that openrrach can charge over copper for the entry level FTTH service

Looks good, I think the share price will move aggressively up over the next few weeks

I agree. This is what I reckon has happened;
- BT & the major players know the outcome already of the wholesale review
- The review is a de facto 'contract' between Ofcom and the industry - you build this much by 2025, 2030 etc, and we'll let you generate this much return
- Everyone needs to hurry up because Boris has already watered down his commitment, twice. This I think will be the directive from the minister to Ofcom. Forget a level playing field - we don't have the cash to fund that anymore. We just need a great FTTP network and it can be user pays, which is simply another form of taxation, clearly now in vogue
- This is why CityFibre are now looking to raise a lot more cash
- All in all, I think the review will be very favourable for the network builders...they will be given great terms to build build build
- And this is where the conflict between Jansen and du Plessis arises
- du Plessis wants the dividend reinstated, doesn't want a rights issue and doesn't want to sell a stake in Openreach
- Jansen wants to 'build like fury' and with the Ofcom decision, now knows he has the terms he needs to do this
- Jansen also wants to plough money into the BT of the future - connected homes, health etc
- Where's the cash coming from?
- Because Jansen has the credibility - the Board know the Ofcom decision and know that Jansen has pulled this off - he gets their backing. As much as du Plessis is respected
- du Plessis recognises this too but is not going to back down because he's won it all, so he part resigns / is part pushed
- If the Ofcom decision was a negative for BT, IMO there is NO WAY Jansen hangs around. He gave up his salary last year. He does brinkmanship. Why on earth would he stay if Ofcom don't play ball?
- du Plessis wouldn't leave BT rudderless and resign knowing that Jansen is a flight risk...but he knows he's not because the Ofcom decision is favourable.

Just my thoughts. I thought BT was in great shape in December when those Ofcom comments came out about returns, I think they still are

Haha guys it’s BT, you’ll jinx it with these predictions. Now it’s got the wobbles

IIRC Numis got the dividend cut completely wrong and have been sulking ever since. They also refuse to include a return from FTTP because they cannot value it, much like UBS. When the dividend got cut they threw up their arms and said unless you give us the guidance we’re no longer going to try

It’s bizarre. Also no mention of the cpi + price increases which all the telcos have now fallen in line behind. If the competition see it as their mission / in their dna to steal share from BT as someone said on here last week then why this sensible across the board approach to pricing?

Yeah Emmajane you should apply for Polo Tang’s job at UBS, his pink slip must be in the post.

So 4bn capex or so a year for 2 years. Tax of 450m or so a year. How doesn’t it work Aus?

They don’t and won’t pay enough tax to use all the deduction but why would they pay any tax in the next two years?

Not saying he’s got it wrong. Budget could have had nasty surprises for BT. Point is - historic share price doesn’t tell you that

Haha and up it goes to 130 as the maths are done. Hope it stays there

Velo this is why I cannot understand charting - what in the past can predict this?

That’s worth at least 450m per

Zico72 - look at Emmjane’s posts. Always on the mark