The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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This share was super cheap anyhow. This can now fly. A fair ofcom report on a fair return on investment allowed and we print £2 minimum extremely soon
"The 130% tax cut for business investments for the next 2 years can be carried forward meaning it would make sense for BT to ramp up in FTTP and G5 expansion ."
Indeed there's a case for them investing every spare penny into FTTP and 5G over the next two years, including further suspending the dividend and diverting the cash into infrastructure investment.
The 130% tax cut for business investments for the next 2 years can be carried forward meaning it would make sense for BT to ramp up in FTTP and G5 expansion .
He didn't mention that capital spend within the two years couldn't be used to offset tax in subsequent years.
“Today I can announce the ‘Super Deduction’. For the next two years, when companies invest, they can reduce their tax bill not just by a proportion of the cost of that investment, as they do now or even by 100% of the cost, the so-called full expensing some have called for, with the Super Deduction they can now reduce their tax bill by 130% of the cost.”
“This will be the biggest business tax cut in modern British history.”
So 4bn capex or so a year for 2 years. Tax of 450m or so a year. How doesn’t it work Aus?
They don’t and won’t pay enough tax to use all the deduction but why would they pay any tax in the next two years?
Yep, saw that 138, but it's back to 133's. Need to see 134 disappear by close - or in following days- and leave it under the waves - then I have not a single objection to v recent events.
" Point is - historic share price doesn’t tell you that "
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Of course they don't Tony.
And I don't sweat over it. It all gets reflected in the SP. And when the SP trends bullishly , that's the signal.
Also means I miss absolute bottoms. But if there's only 10 or 20p in a share's future then why bother in the first place?
Also, it means no one in the future will ever invest because they missed the floor back in the day.
Once the SP rises bullishly, plenty of entry points along the way for everyone
- but first it must trend bullishly and leave the past 5 years - as old history.
Carrington I think you might be right about 140 today 138.25 just early on.
Super Share Price - might be seeing the short being closed
This is good news, but it’s only 130% of their investment costs from tax over / years.
I don’t think BT can invest a huge proportion of their planned £12bln over the next 2 years & if they did, I don’t think they pay enough tax, in order to save.
I’d like to see this roll over to subsequent tax years, could leave Bt not paying tax for next 10. To 15 years
That’s my understanding, 2 years, up to 130% of investment from their tax Bill.
Heh hee, Heallywood,
Was just thinking about jotting something down so just checked the price - and live prices are bang on my next concern. Knock me over with a feather.
I ruminated this morning thinking: If I bought in now it's still below my last buy-in price so would not be difficult to make up the tiny £59 exit fee.
But not happy that some of the trend lines are still AWOL, so decided to wait.
The next area of concern that was holding me back is 132 to 134, and as was just checking live prices - it was sitting on 132!!! Out of the blue!
And that's a massive spike on the screen. So plenty to think about.
Not saying he’s got it wrong. Budget could have had nasty surprises for BT. Point is - historic share price doesn’t tell you that
Maybe those shorts are trying to close now who knows.
mega buys going through atm - this could end up at 140p today at this rate!
dyor etc
Velo might still have made the right decision to sell if it drops to the low 120's however if it doesnt then i'm sure there will be plenty of time to get back in low.
Great news for bt
Invest in roll out like crazy get the tax benifit more profit , now we need ofcom to give us good news
Haha and up it goes to 130 as the maths are done. Hope it stays there
Velo this is why I cannot understand charting - what in the past can predict this?
That’s worth at least 450m per
That budget is even more than Jansen was wishing for in his last update video
Budget 2021: Gov't announces 130% tax cut for business investments. For the next two years, businesses that invest will be able to reduce their tax bill by 130%. The government has announced a 'super-deduction' for businesses that invest, meaning they can reduce their tax bill by 130%.
https://citywire.co.uk/new-model-adviser/news/budget-2021-govt-announces-130-tax-cut-for-business-investments/a1474852
As the only company that invests in telecom infrastructure BT will be the only one to benifit. The leeches will have to wait until its in place to get their unearned income.
If course that's why the only way is up!
I wonder if this will help BT with its investment in FTTP and 5G.
"Chancellor Rishi Sunak introduces "super deduction" for next two years, meaning when businesses invest "they can now reduce their tax bill by 130% of the cost""