No real surprise with BT’s Q3 trading update but we get the feeling that recovery will not come into force soon. The group remains highly discounted vs. its peers with in particular an 8.5% dividend yield which suggests however that the dividend may be lowered in the near future. For the first 9m BT’s free cash flow was indeed down £737m to £1,000m due to increased capex and the deposit for UEFA club football rights.
30 Jan 2020
Expenses that still don't pay off
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Expenses that still don't pay off
BT Group plc (BT.A:LON) | 105 -0.5 (-0.4%) | Mkt Cap: 10,430m
- Published:
30 Jan 2020 -
Author:
Jean-Michel Salvador -
Pages:
3
No real surprise with BT’s Q3 trading update but we get the feeling that recovery will not come into force soon. The group remains highly discounted vs. its peers with in particular an 8.5% dividend yield which suggests however that the dividend may be lowered in the near future. For the first 9m BT’s free cash flow was indeed down £737m to £1,000m due to increased capex and the deposit for UEFA club football rights.