BT Share Chat (BT.A)

Seems alot more news agencies jobbing in on the dazn/bt sport bid
Will this push bt to make a comment ?

Share price is nothing to do with profit/loss. It’s related to what’s flavour of the month. It’s not telecoms atm. Instead it’s cyber security. That’s why my shares have increased 50% in a month and BT hasn’t. As soon as this is posted, fleecy will write 3 pages of ****** so you don’t read it. He’s a boomer who believes that fibre is the new thing.

" ... should pay a close attention to the 50% retracement level at 151p as a drop below it will lead to more weakness." Remember, the trend is your friend."

It doesn't really matter to me if BT again drops down to £1 . . . "

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To be clear, all joking aside - at this juncture I can't entertain, nor offer support to anyone who thinks £1 is even remotely on the cards - it isn't.

That 150/151 area has so far resisted magnificently well in that, the bears have had insufficient strength to drive the SP down to it.

Intradayed as deep as 152, yes, but didn't break it - and even if the bears did regain strength and return to drive the SP to break past 151 and more, there are 2 further deeply significant Fibbo 'checkpoint' areas like 151 to get past.

Only then, when the next two deeper checkpoints were under the cosh, and in the bears gunsights would, I stand aside from arguing against those maintaining £1 was feasible. It's not on the cards. It just isn't.

It's a race to get to the better months and well clear of this sheet :)

"I do not see the situation with a shortage of chips being an issue for the share price. It is a world wide problem that affects many areas of the modern world. Automotive, computing,"

That's my thinking too NDNIC, I've seen loads of articles about Automotive manufacturers being impacted, but nothing stating that Telecom providers are directly affected, apart from the articles recently linked hinting at a Telecom impact. Nokia is probably BT's biggest Equipment supplier, and the article below states:

"Nokia is navigating well through the chip shortage. The third or fourth quarter is a possible turning point. Since more suppliers are increasing output amid the shortage, Nokia is expecting higher capacity in late 2023 to 2024"

https://seekingalpha.com/article/4455029-what-to-do-after-nokia-breaks-down-below-6-00

Suppliers like Nokia will want to meet contractual KPI's on massive contracts, with companies like BT. Nokia may have some Force Majeure protections built into their contracts, in the event of supplier issues, but they won't want big customers looking elsewhere in the event they can't supply Equipment on time, or possibly having to offer discounts on the back of not meeting KPI's.

" BT has also crossed the... 200-day moving averages while the Relatively Strength Index (RSI) has dropped to the oversold level.
And -
... should pay a close attention to the 50% retracement level at 151p as a drop below it will lead to more weakness." Remember, the trend is your friend."

It doesn't really matter to me if BT again drops down to £1, as I'm in for the long haul, and have no intention of selling my Telecom stocks until FTTP and 5g are completed; The only thing I would do under those circumstances is take the opportunity to top up with more BT, like I've just recently bought more Vodafone stock at around 115p.

I do not see the situation with a shortage of chips being an issue for the share price. It is a world wide problem that affects many areas of the modern world. Automotive, computing, entertainment devices, office equipment, etc, etc. There are also shortages of many other items, timber, chemicals, steel, cement, toilet rolls and HGV drivers and lots more. Chips are just an excuse to make up a story line, you could do the same if BT sold sheds, you just can’t get one…

Here’s a question for the experts.

When Drahi bought earlier this year do you think he may have seen this chip shortage coming and suspected he might to be able to snap up BT on the cheap once sentiment went downhill? He is in the business after all and you’d hope he had his eye on these things. Or would it have made more sense to wait rather than pay what is now about 15% to 20% above yesterday’s price?

Also, could this uncertainty be why the analysts are not updating the consensus These days?

The times is only repeating old news

Fleccy, clicked the 2nd link in your post and sat here quietly chuckling to myself.

Did a feint recall memory not alert you as to where you may have read those media contents elsewhere beforehand?

No? :)

How about these bits:
" BT has also crossed the... 200-day moving averages while the Relatively Strength Index (RSI) has dropped to the oversold level."

And -

"... should pay a close attention to the 50% retracement level at 151p as a drop below it will lead to more weakness." Remember, the trend is your friend."
- - - - - -

That's all from your 2nd link.

None of it ring a bell? You sure you haven't already read all that, elsewhere? :) :) :)

Nope, sorry, don't agree at all Fleccy.

That Yahoo journo is being forced to make it up to try and make it fit after the event. The plain truth is, that journo has no idea why BT is so savagely down and is just creating empty stories with no meaning.

Vod, Lloyd's & HSBC, (just checked) and yes just as I suspected, all for the past 5 years have a characteristically underperforming summer in general over the years. (Cyclicals aka seasonality charts). They're just performing to type.

So if you'd asked me at the commencement of summer I could have relayed my findings on the stocks you quoted in advance - just as I posted on here in circa May/June that BT would under-perform this summer.

The shock/horror is, that I did NOT expect this severity! Something else is at play
- and the best I can come up with is the market sentiment changing bearishly against the telecommunications stocks due to the micro chip crisis.

- However in BT's case this retrace is over extended to an alarming degree. And IMO is greater than just a characteristic of BT traditionally having a poor summer

(ergo: the corollary of that, is that I'm expecting a decent performance from BT over Oct/Nov/Dec - but that was before this serious retrace forced itself in your face).

Also, I don't take a blind bit of notice of media opinion pieces that alert you to reasons as to why something is down after the event. As said, it's mostly guesswork to fill pages. If they knew - they'd tell you before it happened - not afterwards.

- LOL! We can all make predictions after those predictions have already happened.

What we need is a statement from bt or dazn , about a bid for bt sport

Velo, this is a more likely explanation for negative market sentiment.

"In stocks, the FTSE 100 Index has failed to keep pace with the broader market rally. It’s dropped about 1% since June, while Europe 600 and S&P 500 rose more than 3%"

https://finance.yahoo.com/news/u-k-loses-market-edge-070000206.html

I get that BT is down considerably more than 1%, but if you ignore the dramatic blip up to 205p, and subsequent decline, the FTSE100, BT and Lloyds are performing around the same. Vodafone and HSBC are both underperforming by a similar amount. The charts probably don't mean anything, but both Lloyds and HSBC aren't affected by the chip shortages,

https://www.google.com/finance/quote/BT.A:LON?sa=X&ved=2ahUKEwiq84-M7IjzAhUuQEEAHWwvAF0Q_AUoAXoECAEQAw&window=6M&comparison=LON%3ALLOY%2CLON%3AVOD%2CLON%3AHSBA

"Sounds about right NigeCo,just one more worry to get off my chest.Having an average here of 303p..I am very nervious of a takeover by DT or Altice and if they offer ...say £2.50 a share I am short changed and miffed....Once the takeover talk gets going ,do you think we will be in £3 terrotory safely or do you think it could go the other way to £2...whats your oppinion and anyone else on this...Should I feel safe with a takeover offer?? SM"

SM, IMO, FWIW, if BT receives a takeover offer I think that you will have no worries mate, I would be shocked if the BOD recommended an offer of less than £3 per share. the minimum I would expect would be £3 per share. Just my opinion of course.

" China are struggling with 5G rollout, due to chip shortages. "

There are a lot of theories flying around of course because the semi-conductors are so predominately produced by South Korea,Japan, and Taiwan....and in a true James Bond megalomaniac S.P.E.C.T.R.E. style story.....it is suggested that China wants the advanced "know-how" that Taiwan has ..that it lacks...which US/UK/Aus/Japan etc etc are wanting to help protect ...hence China's continued pressure in terms of trying to retake Taiwan into its fold ...new factories and investments involve hundreds of billions of Dollars, of course
The notion of "national security" in relation to it all doesn't help I guess

Sounds about right NigeCo,just one more worry to get off my chest.Having an average here of 303p..I am very nervious of a takeover by DT or Altice and if they offer ...say £2.50 a share I am short changed and miffed....Once the takeover talk gets going ,do you think we will be in £3 terrotory safely or do you think it could go the other way to £2...whats your oppinion and anyone else on this...Should I feel safe with a takeover offer?? SM

I would hazard a guess at between £4B & £6B for BT Sport.
This would be very a welcome cash boost towards FTTP.

I think both points are valid and interlinked...a take over of BT Sport by DAZN would be nice ,but for how much..if only a few quid it makes no differencee,but for a few bilion...then we are talking.SM

More to the point is when / if will dazn takeover bt sport

Has it been mentioned anywhere what BT Sport is likely to be worth in its entirety?

The streaming platform DAZN is stepping up efforts to buy BT Sport, therefore taking over the pay-TV channel’s rights to show Premier League and Gallagher Premiership rugby matches, according to broadcasting industry sources.

The takeover may have to be approved by the Premier League, however. BT Sport is a major rights holder and such contracts would usually include a change of ownership clause, but it is understood that the Premier League has yet to be asked for its approval.

DAZN’s interest is believed to be two-fold — it would give the platform access to domestic Premier League rights in the UK as it seeks to boost its position in the British market. Buying BT Sport would also give it a ready-made production centre.

The first signs of a concerted effort by DAZN to target the UK came in July when it signed a five-year deal with the promoter Matchroom to cover boxing.

The possible takeover has not stopped BT Sport from pursuing sports rights. It is expected to seal a deal to show England’s Ashes tour to Australia this autumn.

DAZN’s chairman Kevin Mayer hinted at a takeover this week at the Royal Television Society Cambridge Convention, replying “possibly” when asked whether it could buy BT Sport, adding that DAZN “would love to have the EPL”.

" Lets see what washes out in the next couple of weeks "

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It's getting late, so I'll agree on that.
( I agree to let you catch up with events :)

(But I solidly maintain my raison d'être for this SP retrace regardless :)

With an ID handle like mine, I shouldn't really be including French idioms in my posts; been mistaken/accused of being a frog before now.

"you don't have trouble Googling Bitcoin rubbish; what's stopping you on this important sentiment change towards the telecoms industry?"

Because I enjoy googling Bitcoin rubbish, and eating Ice Cream lol

https://i.postimg.cc/N06b2SBX/Crypto.png

I'm not saying you're wrong, I just haven't see any proof of it yet. Lets see what washes out in the next couple of weeks, by which time I'm sure we'll know for sure.

https://i.postimg.cc/ZnYLP1B9/DAZN.jpg

" Investors in BT move on, it’s a dead duck "
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- No it's not. Let's not throw the baby out with the bathwater.

"It's the SOLE reason for this big retrace in the SP since June. How did Fleccy miss it?"

Where did you read that Velo?
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Why, I read it from my own deductions :) :)

BT's Smart Hub 2's et al will be 100% affected for starters. Doesn't matter that they're nothing to do with the fibre upgrading; the market dislikes anything that is a negative to trading - without a replacement. I feel absolutely certain that Jansen will mention it in his H1 trading update a period that concludes in a fortnight.

Please read the two links thoroughly. There's another link within Whetherboy's link too. I have others, but too late at night to go hunting. Start Googling yourself
- you don't have trouble Googling Bitcoin rubbish; what's stopping you on this important sentiment change towards the telecoms industry?

The sector/ industry has been infected by the crisis. Sectors and industries go in and out of fashion. The word is telecoms is being hit by the chip shortage. And that affects sentiment. There is NO other conclusion to be drawn as to the reason for this big over extended SP retrace.
(It also means there's a date-stamped resoultion to this retrace too).

Was reading an unsolicited sales blurb on my phone that was trying to flog the top 3 chip manufacturers butI later filtered through my stock screener and came up with loads in the US anyway.

However, it highlighted that the market sentiment had NOW turned negative against the telecommunications industry in the US.
So doesn't matter about the rights and wrongs and actual depth of effect upon BT - all teleco's have come under distasteful market sentiment - those huge volumes you're seeing is the big guys moving OUT of teleco's - not mysterious dark pools - that's what trends are - the big guys taking months to change their positions.

The word is out. It's time to include telecoms in industries affected by the chip shortages - everybody in telecoms is feeling the pinch, however tenuous the connection.

- that's the reason for BT's over-extended big SP retrace.

The more I see posts from fleccy the more it reminds me of wolf of wall st. When a logical post arrives he/she posts 2 or 3 lengthy posts that take it over to the next page. Investors in BT move on, it’s a dead duck