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Divi hold would be nice too
Final Results next Thursday. Hopefully they will be positive.
In over 800 years the UK has never had a woman serve as chancellor, Ms Reeves said, adding: “Britain should be embarrassed that we have never had a woman in that top finance job here.”
Completely agree, it is embarrassing. Fortunately, imo R.Reeves will be a superb Labour Chancellor!
Would you rather see Kwasi Kwarteng back in number 11 ?
Personally I would recommend caution... lots of shorters & sellers are still manipulating the SP here and while mid-term I'm expecting great things from BT I don't think we'll see a sustained uplift yet, just natural variance for the time being imo.
After recent lows this is staring to recover
Nice win there! D&C police systems are pretty terrible, so that'll bring them a +ve benefit and great for BT coffers too... spotted the line: "with the potential to extend the contract to neighbouring forces in the South West region." - great news
'Privatise BT and plunder the pension scheme.'
re: privatise, bring it on, as long as the pay a market price for it.
re: pension, why would they plunder an underfunded pension, when HMG are on the hook to cover my pension if BT can't. Yes, HMG guarantee my BT pension 100%.
Https://newsroom.bt.com/bt-lands-70m-it-services-deal-with-south-west-police-forces/
RICS Housing Market Survey (released this morning) makes for a rather interesting read! Housing is in big trouble imo and the data is increasingly backing my view (theres a lag with the various data releases but i anticipate more bad data will land in thenmonths ahead):
https://www.rics.org/news-insights/market-surveys/uk-residential-market-survey
"Competent Labour chancellor"
Now there's three words that don't look comfortable in the same sentence! ;-)))))
Labour government. Oh! Nooooooo. Privatise BT and plunder the pension scheme. Then they will reap the future benefits of all our investment in fibre, while we can only sit and watch and can do nothing about it. The only saviour would be the CWU who pull out the workforce in strike action to prevent it. or would they ?
Well there's a thought for today
" So with a competent Lab chancellor properly managing UK economy at the helm it'll self-generate cash via the mediums of competence, investment, growth & most importantly confidence."
Let's hope he or she is more competent than "there's no money left" Liam Byrne. Talk is cheap money buys houses.
All Financials and Homes, interesting.
No worries goat.
Personally I wish I had £60k to throw at this , but I don’t
If I had £60k I probs would have put it in stocks last year across 6 companies such as Barc Lloyd nwg Tw psn bdev lgen aviva , which were all in the crud but now doing better.
I think Bt will go the same way, but it may be a year or two off yet
Cheers mate
I'm kinda new to posting. I just thought it's better to get opinions from thoughs who might have an idea I dint mean to break rules etc
And I'm trying to get a proper conversation going rather than people ranting on about wars and protesting !!! These are chat rooms for stock chat!!!
Tar goat
Right now the market does not know what the strategy and new Outlook is with regards to the new CEO .. in terms of capital allocation,cost control, KPI Guidance etc ..with regards to the new Financial Year, within began in April
The market is waiting for her to deliver the final quarter results, which are largely done using the previous CEO spending budget ...and... more importantly deliver her ideas and expectations to the market and to Analysts
Tom Meakin has been appointed interim Chief Strategy and Change Officer in a new Strategy and Change division aimed to “drive the refresh of BT Group’s corporate strategy” and BT Business is moving to a "pay as you use" model instead of fixed term contracts ...so there is much to expand on with those ...BT Business being a key area for improvement
" Tom will be working closely with myself and the ExCo to design the broader unit and make sure the accountabilities for both strategy and major change are in the right place, so we’re set up well to deliver across the company,” Kirkby said
"The division will bring together BT’s corporate strategy and development team and the group transformation and assurance team"
Until she does that , next week (16th May) the market will be in a "wait and see mode" .... although there is everything to suggest the SP has been oversold on the FY Earnings , and everything to suggest there will be a lot to announce in terms of " strategy and change "
I suspect Kirkby is "ready to shake things up at BT" and it should all start next Thursday , she will be glad to get the "old" results behind her and focus fully on the year ahead and her own Year guidance
Goat you can read into my comment as you wish. We just aren’t allowed to directly advise you to spend £60k on a stock
Re the court case.....
IMHO..... the price has tanked circa 30% since Dec 23, for me this must in some way account for the case. It may not, of course. How much is "in the price" if any is anyones guess, but I'd assume some of it is. This does not mean it will not tank 10-15% if they lose. But, if they win, recovery could look very good from here out.
They seem confident, the market seems not, is how I see it.
Hence I'm in, but if it tanks, I'll not need to sell, I have more cash available, and can ultimately wait it out.
hint, 'knife catching' can be dangerous to your wealth.
BWTFDIK
I'll tell you what I did.... ;-)
I sold a large holding in HSBA, about a week early (hindsight sucks, I sold when they hit a year high, they went higher..), and bought into BT about a week or so ago, currently sitting on a loss of circa 1%.
Being up front I worked for BT for 15 years at BT Global Services, was an ops manager (international networks) overseeing large contracts (Barclays, Unilever, etc). I have been in and out of BT a few times over the years, not always profitably and as I sarcasticaly said earlier, looking for the worse performing share on the FT100, decided to buy back in.
It has plenty of issues, one of which is paying my index linked (limited to 5% inflation) final salary pension scheme.
But it has the UK's internet network, and that's got to be worth something. Also, as mentioned earlier, people are not going to be giving up internet connectivity, many would give up almost anything else first.
If you are looking for a quick win I'd look elsewhere, personally I'm giving it a year, unless it reaches circa 150p sooner.
It's only money mate. I'm a novice and it's better to ask people who know or have better knowledge than me. It's a gamble I know but looking at it it looks like it's at the bottom I'm just wondering about the court case that's all. If they win it must go up? Cheers
Goat
Fleccy , Hear Hear, My dilemma exactly.
I agree with all your points.
Hear Hear AbjectPerformer - completely agree with you there!
Goat , no one should be advising you when to buy £60,000 Bt shares.
All we can say is we here have personally bought around this price. I have paid higher in the past.
As someone who's voted Conservative over many years, because I believed they were the party of business, I won't be voting for them anymore. I wont vote Tory because I no longer trust them, they seem uninterested in the plight of the UK stock market and offer ineffectual ideas like the British ISA, when they should restrict all ISA's to UK stocks only. Hunt has reduced Capital Gain and dividend allowances, further chipping away at the UK investment case and done nothing to help UK stocks by offering tax incentives to UK focused funds.
I wont vote Labour because Brown hammered DB pension schemes by removing tax relief on dividends, eventually leading to the majority of them closing; Meanwhile Politicians and civil servants enjoy generous Final salary pension schemes. DB pension schemes were also big investors in UK stocks, not anymore, another unintended consequence of political meddling.
I wont vote LIBDEM because they were the most vocal about overturning Brexit, which makes them really untrustworthy in my opinion, they should change their name to the Woke party.
I realise that Caveat Emptor applies to investing, but the Conservatives show no interest in helping UK stocks. I wont be voting Labour, but they can't be any worse than the Conservatives, and they might be more inclined to support UK companies.