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fleccy, I'm positive on BT too. Lamtree doesn't really have much to say other than he has observed the sp going down. He can put no value on the SP.
I would say BT has rehit the lows because the market is pricing in a divi cut and there is uncertainty around this issue. However if BT cuts to a still reasonable level, I would easily expect a return to the 130s too.
I agree that the lockdown is working but it would be far more effective if the small minority of the population ignoring it abided by it. I think that next weekend will be critical with deaths unfortunately increasing. The temporary hospitals and accompanying morgues are being put in place for good reason. My worry is that as soon as the restrictions are lifted then some people will see this as business as usual creating a resurgance or second wave of the virus. With regard to the BT share price I hope that some kind of normality is restored. It is a business that has had to fight regulation for the last 36 years. It seems that some sectors are highly scrutinised and regulated within an inch of their lives whilst others seem to have hardly any regulation at all. BT can only cut costs by a finite amount. Wages for staff being the first port of all, second imho would be a dividend cut. I am a BT investor over the long term and do not see a way out or upwards for the SP until something changes in the way regulation is applied in this sector. Everyone stay safe, obey the rules and we will ensure that the risk to everyone from this virus is minimised.
just checking back again here...I expected BT to be at 130 at this time considering it is not impacted by CV as ppl need BT services and demand for its services is high. Again even SP of supermarkets have not gone up either so I think it is due to negative sentiment overall on every sector because of CV I guess.
Also we haven't still seen any news about dividend slash by BT yet right? Along with other companies, BT should have slashed dividend but not? If not then I don't think dividend is going to be cut for this year? With divi in place, I guess big II's will start loading up here while they adjust their portfolios from this new tax year?
"it's now 2 weeks since the UK lockdown started, so the thing to watch for will be a tail off in hospital admissions and cases, but death rates to continue climbing for a while longer, as the serious cases spend weeks in hospital before dying. If hospital admissions and reported cases do start decreasing, that would indicate that the UK lockdown is working."
Agreed Feccy, I've been keeping an eye on the new daily cases of the corona virus in Europe and pleased to say that Spain, Italy, France, and Germany and to some degree the UK have started to decline, Let's hope that this trend continues. I enclose an excellent website for all the facts surrounding the dreadful virus statistics below.
https://www.worldometers.info/coronavirus/
The doom muggers, attention seekers, only come out in the dark hours. When the light shines, off they scuttle to another dark place, to seek the attention they so badly need and spread there negativity. Keep the light on, keep them in there miserable dark place.
"It's very quiet on the board this morning? The BT share price must be up I guess?"
Indeed, that aside it could have been predicted that the markets would have been up this morning. It seems that a minor pattern is forming, in that markets seem to be rising Monday through to Wednesday and then tailing off Thursday going into the market close on Friday.
This week should be interesting in the UK, it's now 2 weeks since the UK lockdown started, so the thing to watch for will be a tail off in hospital admissions and cases, but death rates to continue climbing for a while longer, as the serious cases spend weeks in hospital before dying. If hospital admissions and reported cases do start decreasing, that would indicate that the UK lockdown is working.
It's very quiet on the board this morning? The BT share price must be up I guess?
"I dont particulary do guess work as you know fleccy(your guess work costing you thousands being a prime example)."
I just thought i'd address this type of philosophy. Yes i'm sitting on big paper losses, but the only thing it's currently cost me is a missed opportunity. If i was to sell out now, i would crystallise that loss and would lose thousands. Lloyds has just suspended its dividend, but i expect that to be short lived and i'll again rake in the income from there. BT and Vodafone aren't doing great at the moment, but telecoms as a sector is currently out of favour and history shows that markets can change their view at the drop of a hat.
People like lamtree and Toff come on here and make out that they do everything right and goad others who state their views honestly. Yes i'm currently sitting on big paper losses and my timing could have been better, but i only invest in companies i believe in and no company I've invested in has ever gone bust. I'm invested in UK stocks and a combination of Brexit and the Corona Virus leaves us where we are now, but these issues will soon be done and everything i'm invested will hopefully reach fair value. I mentioned in a previous post that National Grid is currently priced around 20x P/E, if BT gets re-rated and treated in the same way as NG, then that would put BT up around £4. I'm just going to wait it out and see what happens now.
Divert one line to another, then divert the second to the first. Ring the first, sit back and watch the exchange go into meltdown!!!
"Think LT is trying to get hold of his old friend Diane Abacuses for his answer, then if it’s wrong it’s all Diane’s fault not his."
Haha, it must be one of those questions that puts a subroutine into an infinite loop, i imagine he's giving it crazy eyes at the moment with steam coming out of his ears.
https://lineoftheweek.files.wordpress.com/2013/12/crazy_eyes.jpg
Think LT is trying to get hold of his old friend Diane Abacuses for his answer, then if it’s wrong it’s all Diane’s fault not his.
Nige, don't distract him. I'm waiting for his 3 month price prediction lol.
"Are my maths wrong Nige ?"
Lamtree, "The first case of someone suffering from Covid-19 can be traced back to 17 November, according to media reports on unpublished Chinese government data. The report, in the South China Morning Post, said Chinese authorities had identified at least 266 people who contracted the virus last year and who came under medical surveillance, and the earliest case was 17 November – weeks before authorities announced the emergence of the new virus."
https://www.theguardian.com/world/2020/mar/13/first-covid-19-case-happened-in-november-china-government-records-show-report
"I dont care if you take me seriously or not fleccy,but lets be honest,no one on this earth could take you seriousley at all."
Put your money where your mouth is then lamtree.
Enlighten us all with your Oracle abilities and tell us where the BT share price will be in 3 months from now?
I'm betting at least 20% above the current price, 3 months isn't too far in the future so i'll start a new thread and we'll see where the price is and if you're right, or i am.
Cabin fever has started.
Lamtree
I've just posted on the HSBA page, you should read it. The truth is there's a ton of risk everywhere at the moment. I can see reasons to avoid nearly everything, but telecoms and utilities in general seem a good place. I've also looked at National Grid, but they're heavily loaded up with debt too, but with a much higher P/E, currently over 20.
Lamtree, show me some serious analysis as to why BT isn't good value at the current price and other posters might take you seriously. All you do is post stuff like:
"Well wouldn't anybody laughing,,this BB really does need a nurse of some sort."
Which is meaningless.
"Are my maths wrong Nige ?"
Lamtree
The problem with your maths is that you'd still argue against buying BT if they went down to zero, ie if they were giving them away. I was going to buy HSBC on Monday after topping up my ISA, but if BT hits around 106p again, i'll probably buy another batch of BT stock.
I'm already heavily loaded up on BT, but i can't see anything that has the same value. BT is ridiculously cheap by any measure, the fact that you either wont or can't see it is likely a mystery to most on here.
Current market cap = £11.36454 Billion
Revenue up to 31st March 2019 = £23.428 Billion
Profit After Tax up to 31st March 2019 =£2.158 Billion
Current Price to earnings = 5.266
As BT and other Telecom companies are among the least impacted by the Corona Virus and taking into account the current low price, coupled with the fact it has an almost utility quality, i would suggest that BT is a screaming buy at these levels.
IDIOT.
"Due to the virus BT undervalued,,,really,
seems this virus has been around for years where BT are concerned then Nige."
Lamtree, So are you saying that the corona virus has played no part in the fall from 196p at the start of the year to 111p today? The virus has destroyed most share prices only a fool would think otherwise.
So true Zibrahimovic, the patient investor purchasing BT at this very undervalued bargain price due to the virus, won't go far wrong over the medium to long-term, bank the dividends and look again at the share price in a couple of years from now would be m advice.
Thing is Toff you sound like an AIM investor. Looking for capital returns. At these prices and possibly lower you will get them. Not the 200% rises on AIM though, more a slow burner.
If you want a guaranteed profit though BT is in the best possible band right now. High market share, supplier to 90% of the competition, supplier of choice to provide the new full fibre network and all with an MCAP attractive to takeover.... Not a punt. A certainty of profit and a nice annual return to boot. Thanks BT.
‘NDNIC you should filter Toff, as i have. All he does is have a go and posts nothing substantive. He obviously dislikes BT and has no interest in Investing here. His arguments are weak and he doesn't back up his posts with any analysis, or links. Waste of time replying to him in my opinion.’
Nothing substantive- you mean like posting what a great investment BT is after suffering another huge fall. The bigger the falls the more Fleecy’s jubilation. Doesn’t that strike you as being odd?
I don’t know any other poster who swoons every time their investments get hammered. You have to take everything you read on here with a pinch of salt. My view is Fleecy got sucked in to disastrous investments by fake posters on these boards and he’s now out to do the same. If someone’s revels in losing money they’ve got no credibility at all in my book.
Toff
"Consumers will pay their last penny to have the internet in their lives. This was proven during the last recession.BT had to recruit 3,000 engineers and employ contractors en masse to cope with demand...nothing has changed apart from OR taking on another 5,000 since."
I totally agree Zibrahimovic, if anything demand has increased for internet access.
Pretty ironic to **** off a major global telecom and technology company by an internet forum lol...those who suggest BT are not in a good position during this crisis do so through blind eyes.
Consumers will pay their last penny to have the internet in their lives. This was proven during the last recession.BT had to recruit 3,000 engineers and employ contractors en masse to cope with demand...nothing has changed apart from OR taking on another 5,000 since.
Toff "Does that include EE?"
Yes it does Toff, it means the whole company good and bad. But let me remind you of the debate , it is "better placed than most"
So 550 stores shut for a few months, when you can renew online anyway , well if that is the downside I'll take that anytime. And then there is real upside for BT in this shutdown, so all in all the statement "better placed than most" seems utterly logical