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Sorry to hear that Alpha86. A lot of people are awarded stock at BT or have added to their portfolio overtime. Finding themselves in similar positions.
I agree with BlazingWalker and Gertfrobe. The company is one of very few still producing revenue (other than sport). Plus Philip Jansen is a veteran knows what he's doing, constantly looking for ways to invent this dinosaur.
There is no way of telling if the stock will go up or down unfortunately. I acquired my first tranche in here circa 150. Had been tempted to sell off a significant chunk of my under performing portfolio last week so glad I didn't!! as the recovery has been spectacular this week.
I have a reserve pot siting idol from my point of view feel, market is pricing in positive momentum off the back of virus declining and huge influx of foreign investment. Strong possibility once we get on the other side of this the economic wreckage could see significant decline in the wider FTSE. Therefore my bullets are loaded.
Personally I wouldn't throw my hard earned money away ever by selling something at a loss.
If you feel unsure best thing to do is nothing, or monitor stocks in an industry you know inside out if your were to jump.
Hey, we all pick this form of investment for superior returns. This will still perform better over a period than in the bank!
Always listen to your gut and not what brokers or people say in forums. Everyone has different reasons for wanting to sell or buy.
Must be frustrating for lths that this stock hasn’t joined in with the recent recovery , some stocks are nearly back to where we were in feb. Switching now is fraught with risk I guess it depends where you are looking to go but the real bargains have gone for now. I would wait to see if they reappear if not hold on bt won’t be low forever , i remember them at 80p ten years ago and they went to £5 so they can do that again.
Telecommunications companies should be more robust than most during the economic and social turmoil created by the coronavirus pandemic. While several consumer demands have reduced, the desire for connectivity has surged.
Policies of social distancing have placed a greater emphasis on mobile and broadband networks. This logic indicates that BT Group (BT.A) and Vodafone (VOD) should be among the stronger performers on the FTSE 100 as the pandemic runs its course.
Hi Nightwatch, I rather not say how much but for me it's a big chunk. I invested in BT @ 324p so it's a huge loss for me. My dilemma is
(a) sell and swallow the loss, reinvest elsewhere where most likely i'll see a significant rebound - I've invested heavily already since the downturn and even this mild upswing the last few weeks has reaped rewards.
(b) wait another 6-12months and see where we at, but I'll have lost the opportunity by then to reinvest elsewhere as I expect the market to make a significant recovery by then.
(c) forget all about ever having BT shares and just think of it as a life time investment and pray the divvi's keep coming.
"Chaps, where do you see BT in 6-12 months time? I am thinking of selling now but at a massive loss and re-investing elsewhere where there's bound to be significant rebound in the near future"
Alpha, no one can advise you on what to do when it comes to managing your investments. You need to look back and ask yourself why you invested in BT at the price you did. Did you see value then and do you still see value now. Do you see BT as a safe long term investment, or do you see see safe and better investments elsewhere. These are questions you have to ask yourself and make your own decisions. Personally, i find my own decisions easier to live with, rather than entrusting my investment decisions to faceless investment funds, but we all have different views, time windows and risk aversion. Personally I'm holding onto my BT investments as long as required, but what i consider right for me, may not be right for you. As far as the price in 12 months, all of us can only guess.
Alpha 86,I have shed loads of Bt shares too and I am 52% down on these.I have no intention of selling,I am an Investor not a day trader and it takes too much time and effort to monitor every minute of every day.I have held these shares for years now and they keep spitting out the divi.Yes it might be reduced to 10p or so...but I think they are a safe bet in this covid environment. Dont forget,as long as you dont need to sell ,.i.e. need the cash,then you only loose capital if you do sell....You have to be very confident that your new investment would be any better and by how much it will go up and will that equal your loss from selling in the first place...even to break even..etc..etc..I will be keeping my BT shares till i die..say 30 yrs or more and ride out the storm...they could be 3,4,5 pounds in five years...
Aplha86 - How much are you underwater?
I have a friend who owns circa £100k at 250... He refuses to sell.
Chaps, where do you see BT in 6-12 months time? I am thinking of selling now but at a massive loss and re-investing elsewhere where there's bound to be significant rebound in the near future now that COVID seems to be hitting its peak and coming down, China have ended lockdown, etc.
Toff...."If there’s one thing I should have learnt from trading stocks - it’s to avoid dividends. Dividends bring nothing but grief. You pay for the dividend 3 or 4 times over with capital loss. Dividends are a reason to avoid a share. especially if it’s over five percent."
Toff, I've always invested long-term in good paying dividend shares, and made a good living from it for the past 24 years. I'm living proof that it works. I see no reason to change strategy. Good dividend paying companies can get you out of a bad investment over time with dividends received reducing the average price paid. Each to their own.
Toff...."I think you’ll find that 95 percent of BT shareholders are sitting on a shocking loss"
Are you including yourself in that Toff?
NDN
‘Don’t you find your constant negativity in your postings gradually gets you down,’
Negativity or reality?
I mean no one could accuse Fleecy of being negative and he’s 70 percent underwater on his stocks.
But isn’t that refusing to acknowledge reality. Self-denial in the extreme. And worse - trying to suck others in to his investment catastrophe by pretending his eye watering losses are just a figment if his imagination.
Let’s keep it real and stop pretending a paper loss isn’t a loss. I sold my paper loss @134 and had the chance to buy it back @112. But it’s not about the price it’s about the company and BT a stock I no longer wish to own.
So many shares out there, limited stakes - why would I pick one with so many negative issues.
The problem is with these boards is that losers tend to congregate on the board of their often failed investments and reinforce each other’s erroneous opinions that all will come good in the end. I saw that ruinous behavior on
Yell
Woolies
HMV
Debenhams
Carillion
And countless others
The wildebeest may gather at the watering under the illusion of safety in numbers, but when it dries up they die of thirst...
Unless the lions get them first...
Toff
Point is it’s positive news, and you don’t like it,
Don’tcha.
PS personal still up, so are others.
Don’t you find your constant negativity in your postings gradually gets you down, here you say div shares are a waste of money, then on another board you complain about dividends being stoped, make your mind up which it is.
NDN
‘Another double day. FT down 0.47%. BT up 0.45% ‘
A penny rise might be reason to celebrate if you bought at current levels, but try telling that to those who bought in at £3 £4 £5. I think you’ll find that 95 percent of BT shareholders are sitting on a shocking loss, and the other 5 percent bought off those that Cashed in on their losing positions.
perhaps you’ve been reading too many of Fleecy’s alternate reality posts. (has their ever been anyone so happy to lose money) This share would have to double or triple to bring most investors back to even. And that’s the real reality not the unreal reality as fabricated by Fleecy.
Surely you must know that?
Don’tcha?
Toff
Another double day. FT down 0.47%. BT up 0.45%
Out performing FT again. No sign of a dividend cut or stop, at the moment, unlike other sectors who today announced a stop to there dividends. That appears to have upset some...
Very quiet today on LSE re BT, lets hope it remains that way tomorrow...
"Oops, forgot about fleecy, so a second."
Another lame comment from lametre
BT : Jefferies cuts target price to 260p from 275p
Still way above the current price. Could this trifle be the reason for BT’s howling dive today?
Toff
Well well. Howling dive eh, at present £1.21
Howling dive eh, the last 2 days have each seen BT out performing FT by 100% each day.
Just saying.
TLW
“Evidently, this has nothing to do with the intrinsic value of the company”
It’s always like that when there’s high volatility in the market. ASOS today for example rose 25 percent on a broker downgrade.
Meddling political nazis are on the warpath against dividends, forcing one company after another to cancel. Dividends have become a ogre, something evil that everyone should forego. Slime ball politicians are using them as a stick to beat investors with, even though for the most part they are affordable. This will put immense pressure of BT’s dividend - and what better pretext to cancel it than the virus.
If there’s one thing I should have learnt from trading stocks - it’s to avoid dividends. Dividends bring nothing but grief. You pay for the dividend 3 or 4 times over with capital loss. Dividends are a reason to avoid a share. especially if it’s over five percent.
With one noticeable exception- Shell
Toff
Toff,
I am unable to take share price movements of any equity too seriously at the moment. At the same time that the BT Group share price underwent its "howling dive", On the Beach Group (specialising in beach holidays!) rose by 25.25%.
Currently, in my view, many share prices have been made to dance to the tune of those who have the means to enable the significant swings in the share price we are witnessing in recent months. Evidently, this has nothing to do with the intrinsic value of the company concerned, and some of the reasons quoted in the "analyses" are lamentable.
By the Autumn, there will hopefully be less of this, so that retail investors like myself will have some belief in what they are being told again.
Regards, TLW.
BT : Jefferies cuts target price to 260p from 275p
Still way above the current price. Could this trifle be the reason for BT’s howling dive today?
Toff