WHAT DO YOU THINK OF BT’S RESULTS?
DAVID MOLONY OVUM
“In a sense, it was one of the most important announcements since BT was floated. However, despite a knock to the confidence in their business, there was plenty to be happy about. Broadband is very strong, conferencing and business services are too. And Global Services is still winning business. If a company can be said to have spirit – then BT certainly does.”
RICHARD J HUNTER HARGREAVES LANSDOWN
“A positive of the results was that the company continues to fire on three of its four cylinders. However, the Global Services division again delivered difficulties. Despite the 58 per cent drop in the share price over the last year, fierce competition and its own internal issues leave the current market consensus being negative towards the company.”
MANOJ LADWA ETX CAPITAL
“Although far from impressive, the worst seems to be out of the way for BT. Shareholders are likely to be encouraged by its dividend policy and measures undertaken to turn around the underperforming Global Services. The heady days of the tech boom may be but a distant memory, but I expect the stock to trade above 100p as value investors add to portfolios.”