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£3.50 is a realistic target in 3-5 years time . Anything around that and I’m out
LOL £5 a share, maybe in our dreams but that was an old joke years ago on here, might be £5 a share at some point in the future and if lucky i our life times?
Poker, isn’t it the case that if you take out the best bits of any country’s statistics they won’t perform as well?
Aren’t the numbers supposed to include everything?
"The UK has overtaken France and the Netherlands in exports" isn't that strange?
well there isnt much between them and take out the London advantage of Financial Services and you may well find the UK is behind ...
https://www.dailymail.co.uk/news/article-13293237/brexit-Britain-biggest-exporter-France-remainers-blow-eu.html
Savage ,
You were saying " £1.60-65p very soon" back at the end of December .... "114p shortly" now seems like a bit of an admission of prediction defeat
A private equity firm offered an insulting 150p per share. For all the bad stuff about BT, the valuation is ludicrous and an obvious buy if a private equity firm will pay that. Fair value would be 500p. Just load up and don't worry!
Expatwelsh, good post. If you saw PMQ`s yesterday one MP also stated that "The UK has overtaken France and the Netherlands in exports" isn't that strange? 8-))
Do not think the share price will change much either way until a decision is made. Any opinions anybody?. This case seems to be everlasting.
Aus, I wish it was only one thing but I think you are missing things if you only think Brexit. Successive governments have hit UK pension funds going back years from thatcher’s allowance of pension holidays to browns dividend tax credit grab to various restrictions on where pension funds can invest causing massive reduction in the share of pension investments in equities as funds had to move to fixed interest to meet stress test requirements. Add to that the crazy drive to ESG focus which has hit fossil fuel and defence companies then add over regulation which hit telcos like BT and reduced the inclination to take risk in banks ( article in past week on this , I think in the Telegraph. ) Also allow for erratic tax policy from investment allowances to corporate tax rates to windfall taxes . On top allow for on off views on support for nuclear and new oil investment .For remainers Brexit is an easy target but it’s only one of many things that have reduced liquidity and inclination to invest in U K . All of them are consequences of successive governments not having a cohesive plan for growth in the UK. I wish the answer was just it’s all Brexit but in my view our dear government and its predecessors have made us unattractive in all sorts of other ways. And the politicians still seem to kid themselves they can drive growth when they’ve been a blocker for decades.
Expat - I’m afraid we know why UK market is suppressed / valued low.
From memory - if you invested £100 in US stock exchange in 2016 you should expect to see £260 back. France and Germany £180 £190.
UK expect £116.
The key here is 2016. I don’t think there is an example where uk stocks have so under performed……
BT shall prove a safe stock in these turbulent time... I think we're on the cusp of a big move upwards imo. I think we'll be seeing 114p+ shortly.
It’s not my money that’s needed it’s the huge amounts of liquidity sloshing around the USA that brings all sectors valuations to a big premium on UK valuations. Lots has been published on this fact lately , check it out.
Thanks Fleccy ,I’d forgotten that . Not sure a secondary listing is the same as the main listing. As for litigation risk the hundreds of companies listed on USA exchanges seem to manage that risk so probably not insurmountable. I’d love to see it mooted as a possibility if only to see the media meltdown and all the “ disgusted of Tunbridge Wells” crowd worked up into a frenzy at the possibility. It would be great entertainment and to be fair as a long term holder BT hasn’t provided much of that in recent years !
Don't need to be listed in an another country to plough ones money into it.
BT will never move from LSE, it suffers from Stockholm Syndrome.
They recently delisted from the NYSE, that tells you everything you need to know. I suspect impending litigation encouraged BT to delist there. In the US they litigate on anything and everything, US shareholders would take BT to the cleaners for various imaginary things impacting the share price.
Declared 16th may and ex dividend date 1st august.
When is ex dividend?
Is there any reason why BT couldn’t follow Shell and look at moving its listing to the US market. Telcos are valued much higher there , I can imagine the fury in the media if Kirkby said this was being considered.
Surely this is the bottom? Not done enough research on this one but tempted…. Thoughts? GL all
BT should be selling up in the UK not concentrating on it and moving oversea's where they may be treated fairly rather than the government stranglehold they have been on for decades. Should have invested all this cash in fibre overseas leaving the UK with it's old copper lines.
Why not?
It was linked to on the day it was released, but always worth a second look.
Not sure if this has been posted before, looks like a fair assessment of BT atm. Seems consistent with most analysts opinions (not UBS, although their price target now looks right), and sets out more detail than I've seen elsewhere.
https://www.fitchratings.com/research/corporate-finance/fitch-rates-bt-group-hybrid-bb-25-03-2024
Https://news.sky.com/story/new-bt-chief-dusts-off-plan-for-sale-of-irish-corporate-unit-13117200
Are we following other UK Telecoms companies in selling off our overseas assets?