Recommendations » UK
Carphone Warehouse (LON:CPW) report: BT Group launches its broadband Spring sale
By Daniel Stewart & Co
- BT Group has announced the launch of cut-price broadband bundles, for example at an initial ?7.49/month (a 20Mb/s Option 1 package is on offer at ?7.99/month for 3 months, reverting to ?15.99 in an 18-month contract), following Ofcom’s Sep’09 removal of pricing restrictions. BT states; “the new package is available online for the first half of March for new customers buying through the bt.com web site.”
- The company announced that it “has now started offering a range of packages combining calls, broadband and its Vision TV service at lower rates”. BT Vision signed up only 15,000 subscribers in the Dec. quarter.
- Carphone Warehouse’ share, in the process of demerger, traded up 2.4% yesterday, BSkyB [rated Sell tp 470p] managed +1%. In our view the competitive landscape has changed, with the focus on the value of bundles ~ on-demand video, 3D TV, mobile rates ~ and network quality. We remain most interested in the next episode; Ofcom’s Consultation decision on BSkyB’s premium TV programming distribution.
- BT trades on a Mar’11 consensus EV/EBITDA of 3.7x; Carphone Warehouse (pre-demerger) on (DSCE) 8.3x, consensus 7.9x; BSkyB on consensus 8.7x. Year-to-date, BT is up 63%, Carphone Warehouse +81%, BSkyB +24%.
Stock Market Forum
- Information about Stock trading - An Article
7 February 2012
- how do you find canada stocks to trade?
3 February 2012
- my stock to watch for tomorrow-CLD
3 February 2012
- Dynamic levels is all about showing the stock levels for last 12 years.
19 January 2012
- Bank of England Keeps Base Rate unaffected at 0.50%
13 January 2012
- Oil price rise fuels India's inflation
4 January 2012
- How to invest in stock market
27 December 2011
- Four Secrets to invest in Stock Market: Beginner’s Guide
27 December 2011
- Food inflation plunges to 4-year low of 1.81%
22 December 2011
- Nifty delete certain posts gains on GDP data
22 December 2011