BT Share Chat (BT.A)

Interesting article Fleccy.
If I dont get div income, I drawdown capital.. so I need SP growth if the div is cut otherwsise I stay in cash.

"Will the dividend get cut to 12 pence, or 10 pence? Fine with me. Once the pension payments end, the higher dividend will be reinstated, or the net debt (and corresponding interest expenses) will decrease.
All what matters is that I’m buying a business at less than 9 times its normalized free cash flow and I’m more than happy to swallow a temporary dividend cut if that’s what it takes to solve an issue."

https://seekingalpha.com/article/4291399-bt-group-dividend-cut-completely-irrelevant-investment-thesis

'I am starting to think Ofcom needs to start being regulated itself'

...I guess it is regulated through compliance with WTO rules, GATT, BEREC etc. Trump is negotiating the rules on trade whilst the likes of BEREC are enforcing anti trust on open architecture models and developments...google fines etc. We are stuck in the middle...
BT has negotiated a line in the sand which protects its commitments to stakeholders including some investors need for dividend income. Once governments decide how much consumers and citizens are collectively entitled to within their respective 'sovereign' economies and territories, network operators can plan, match national supply and demand. In the meantime new entrants, strategic partnerships nibble away at the base, target towns and cities etc.

Imo, the iterim div will stand but the final could be cut and eg match Vods glide path

So you think its the "market" demanding a dividend cut, if anything the market would prefer a dividend raise, whats happening is the market is responding to rumours from sources they trust, and the rumours will be from....
That said you dont really need to listen to have your ear pinned against the wall to work out that the easy option is to lower or completely cut the dividend, as they have in the past.
What I find frustrating is that a bank from America appears to have advance notice of whats going on before its made public by the company affected.
I think the Prime Minister has talked the talk about throwing money from rooftops and the national roll out of a full UK fibre network has been missed because somebody reminded him that the peasants only need 10mbps
At the end of the day BT needs to continue to do the best with what it has, and stagnate, or continue to invest and expand, ****es me off that this should have started at least 10 years ago, however the debt situation may have finished the company by now if it had. I cant see a business case being viable, spend billions to lease lines out to other company's that will earn more than the people that provide it. I think Ofcom have a lot to answer for here, I am starting to think Ofcom needs to start being regulated itself, its to blame along with the cycle of corporate mismanagement and cost cutting.

"40% WTF !!!!!!"

The 40% cut isn't a new thing, various market participants keep rolling it out. It's code for (We want you to cut the dividend by 40%)
The market, in other words, is demanding a 40% cut, i'm expecting it will happen in the next tax year. I'll be pleasantly surprised if it doesn't.

" show some goodwill to pull the mugs in."

I can see you're fishing for compliments again.

I welcome 40%,be happier if there were no dividends at all,but understand BT has to show some goodwill to pull the mugs in.

Among the concerns is how BT will fund an expanded fibre broadband rollout after Philip Jansen recently pledged to reach at least 15 million premises by the mid-2020s, up from ten million previously. Investors fear that a big cut to the dividend is on the way, something mooted earlier in the week by Bank of America Merrill Lynch, which suggested a 40 per cent chop to the payout. Other issues include the possibility of a British ban for Huawei, which is a key supplier to BT and other telecoms companies, as well as Brexit...…...40% WTF !!!!!!

Good to hear you’ve found a match

Neither does BT Pete.

You wouldn’t know what to do with a full 64 kilobits!

Google seems to do this fairly regularly. I noted earlier this year a 10% + drop in the Sp compared with other sources which disappeared the next day.

That said Google unlike most reflect after hour prices. Could the USD delisting affect this? Probably not but nice to dream.

"JPMorgan Chase Bank N.A. (JPMorgan), BT’s ADR programme depositary, has sent all ADR holders a notice of termination containing relevant information for ADR holders regarding required actions. If you have not received this, please check with your broker.
In summary, ADR holders may (i) sell their ADRs in the market on the NYSE until they are delisted on 13 September 2019; (ii) sell their ADRs in over-the-counter trading following delisting and prior to the ADR termination effective date on 23 September 2019; or (iii) surrender their ADRs to JPMorgan for cancellation at any point until 23 March 2020. ADR holders choosing to surrender their ADRs to JPMorgan for cancellation can choose to (a) receive five BT ordinary shares for every surrendered ADR or (b) have JPMorgan sell the underlying ordinary shares in the market and receive the cash proceeds, in either case less fees charged by JPMorgan. "

BT are apparently delisting their American depositary shares tomorrow.

Can anyone explain this, or just a computer fart ?

Market Summary > BT Group - CLASS A Common Stock
LON: BT.A
194.74 GBX +21.74 (12.56%)

12 Sep, 16:47 BST · Disclaimer

Clever stuff,think I may start using my commodore 64 again.

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?page=0&pageOffBook=0&fourWayKey=GB0030913577GBGBXSET1&formName=frmDateTime&hh1=11&mm1=0&hh2=12&mm2=0

Forget about analysis, have a look at the Trade Flags column. It's 90% ALGO.

It's all very innocent when computer trading started, but who knows what they are getting up to now.
if you believe AI is involved, how smart and cunning and down right sneaky can they get?

In China, the stock market is manipulated, and pump and dump gangs were rife.
This was partly due to the market was small, so it was easy to corner a stock,
but the idea of stock manipulation is always there.

Who is to say the ALGOs can't figure out that group manipulation is profitable.
Computer A does something, and Computer B, C, D and E follow.
Where is the insider trading? Which computer goes to jail?

Sell at £1.84, buy back at £1.59.
Let's pump it up to £1.76, then dump.
Watch the human suckers buy in at £1.76.
Eat ma grit, homo sapiens.

That’s wonderful Avro. Who knows, if you stop searching for negative things to talk about all the time perhaps the sun will shine brighter.

Blue Pete,

I am now actually cautiously optimistic but I am keeping my umbrella nearby. It does seem to have stopped raining but you must admit it is still cloudy.

BT has had a very good 2 weeks lets hope that the momentum holds.

In the last 2 weeks BT has gone up a respectable 5% . It is a good reason to be cautiously optimistic. It is a bit too early to say that the worst is over.

I have just come across this Yahoo analysis that strikes a cord with me. https://uk.finance.yahoo.com/news/bt-share-price-bargain-buy-121525479.html

In summary it looks to be very good value at its current level.

A troll needs many platforms to survive

Hey Lamtree, I see you spread your wings and making friends over on Sirius Minerals, I see they calling you an ass hole from your very first post, you get points for consistency, well done.

But that loss melts away,jesus fking christ fleccy,smell the roses and get financial help from someone.

I’ve heard that investments can go up as well as down.

Directors asleep at the wheel IMO. E.g. all that crap about not knowing about the scale of the Italian fraud. For the money these guys get paid they should be all over the company inside and out.