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Prices & Quotes - UK Markets - TalkTalk Telecom Group (TALK)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 92.50p
Change Today:
-0.85p
Market Cap:
1,060.05m
Sector:
Fixed Line Telecommunications

Tuesday preview: UK public sector borrowing, TalkTalk in focus

By Alexander Bueso

Date: Monday 20 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Financial markets' focus on Tuesday will be on public sector net borrowing figures for June.




Following increases of 47.8bn for April and 54.5bn for May, as Westminster was forced to ramp up borrowing to pay for crisis response measures, analysts are bracing for another sharp increase.

Yet despite the national debt being on track to rise past 100% of gross domestic product for the first time since World War II, as Michael Hewson at CMC Markets points out, with the Gilt yield curve mostly in negative territory at present "it isn't something they need to be too concerned about right now".

No major economic reports are scheduled for release in the States.

Across the Channel meanwhile, the main reference for markets will be a speech by European Central Bank vice-president, Luis de Guindos, at 1430 BST, from Greece, alongside that country's central bank governor and finance minsiter.

Rate-setters in Budapest are also scheduled to meet to decide on policy.

In Asia meanwhile, South Korean export data for July are due out, together with the minutes of the Reserve Bank of Australia's last policy meeting.



For broadband provider TalkTalk's first quarter trading update, UBS analyst Polo Tang anticipates that the revenue trend seen in the last three months of the 2020 financial year, when they fell by 4.%, had carried over into the start of the current year.

Tang said the absence of Sky Sports would hit TV revenues with those from connection also expected to decline.

Net adds likely also declined amid lower installations across the entire market albeit alongside less churn given households' reluctance to switch in the midst of the pandemic.

The trend of lower average revenues per user was also expected to remain intact, with a falling contribution from TV/Sky Sports and declines in voice offset in part by fibre upgrades and less drag from customer migration to lower fixed price plans.

On the other hand, given that the firm had published results just a month before, no change was anticipated to guidance for a stable earnings before interest, taxes, depreciation and amortisation.

Helping to boost EBITDA in the face of a falling top line was the company's flexibility on costs, both commercial costs and those for programming.

Tuesday 21 July

INTERIMS

Audioboom Group, Gresham Technologies, Tclarke

GMS

Reach4Entertainment Enterprises

FINALS

Begbies Traynor Group, Redcentric, SDI Group

AGMS

Audioboom Group, Aveva Group, Bloomsbury Publishing, Intermediate Capital Group, Perpetual Income & Growth Inv Trust, Seneca Global Income & Growth Trust, TalkTalk Telecom Group , Ted Baker

TRADING ANNOUNCEMENTS

DP Eurasia N.V. (DI) , Euromoney Institutional Investor, Intermediate Capital Group, RPS Group

UK ECONOMIC ANNOUNCEMENTS

Public Sector Net Borrowing (09:30)

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

TALK Market Data

Currency UK Pounds
Price 92.50p
Change Today -0.85p
52 Week High 122.10p
52 Week Low 69.50p
Volume 2,245,887
Shares Issued 1,146.00m
Market Cap 1,060.05m

Performance Indicators

Compare performance with the sector and the market.

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Dividend Yield
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Operating Margin
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What The Brokers Say

Strong Buy 1
Buy 0
Neutral 4
Sell 1
Strong Sell 4
Total 10
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

TALK Dividends

  Latest Previous
  Final Interim
Ex-Div 09-Jul-20 28-Nov-19
Paid 07-Aug-20 16-Dec-19
Amount 1.50p 1.00p

Trades for 27-Nov-2020

Time Volume / Share Price
16:35 1,491,037 @ 92.50p
16:29 11 @ 91.75p
16:29 72 @ 91.70p
16:29 138 @ 91.70p
16:29 2 @ 91.70p

TALK Key Personnel

CEO Tristia Harrison