The latest Investing Matters Podcast episode with Inclusive Asset Management's Alexandra McGuigan has just been released. Listen here.
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Car selling is a petrol and reason for huge dip is Boris adding to Brexit woes and no deal crap, according to garages, as rest was already factored in. Only happened in last couple of weeks
I can justify blaming Brexit for part of the SP fall as seen first hand staff loss and loss of income.
P.S. I'd also like to resign from the government now before Boris fires me - like a few sad acts still in situ (incidentally - who was more grey you reckon - Major or Hammond?) I think I'll opt to jump to save myself the humiliation of being pushed!? LoL. What a bizarre world we currently live in eh?
IMO
I've had a serious think - and I reckon that it's only my M & S slippers that I got last Christmas wearing out more quickly than anticipated / expected that haven't yet been blamed on BREXIT - so here's your BIG chance guys - don't miss the opportunity - go for it !?!? - LoL
Pacemaker, I could agree with you but then we would both be wrong.
If its not Gavin its ofcom, if its not ofcom its Brexit. Oh please.
Second hand cars have been hit due to the onslaught against diesel and again now petrol. More people are going electric due to tax relief whilst fossil fueled power cars are banned from some areas or taxed to death. Hence a glut of piston powered cars. As for sane well if democracy is to be denied thats sane in your view? I think not.
Bloody Brexit. The gift that keeps giving.
Totally off subject but in process of changing car and used car prices in free fall down to Brexit . That’s another £2k to add to my estimated already £10k I’ve lost since the referendum!
How anyone sane person can still support this pathetic exercise is beyond belief! I guess the answer was in the question..sane, they are not!
This is what Mr. J du Plessis had to say about the share price recently. Recently BT executives thought that it would take two or three quarterly cycles for the share price to recover; now it is looking like years rather than months. Although JdP is probably right, in that BT Group shares need to be held for the long term, with a future dividend cut included, to achieve growth, these words did not go down well with shareholders attending the meeting.
"I think we cannot afford to get hung up about the share price in 12 months' time. We have to do what’s right for the company.
You know where companies go wrong? It's when they get hung up about their stock price. To be clear, we cannot influence our share prices this month, next month or in a year’s time. Other factors will drive it."
At the meeting, Mr du Plessis told shareholders that he believes the share price will recover "in the long run" but that he would consider cutting shareholder payouts to fund BT's ambitious plans for a fibre broadband rollout. He added that the company would have to find between £400m to £600m extra to build new fibre broadband networks "at the fastest rate possible". That could mean trimming shareholders' dividends as well as selling assets in Spain and Ireland.
Mr du Plessis said he would not change BT's strategy even if the share price continues to tumble. "I think we could have this conversation in three years’ time. I genuinely believe this strategy is absolutely right. Execution will take time."
Avrohom, TLWilliams,
Hard to explain why the drop but weekend newspapers were reporting overseas asset sales, South America, Ireland, Spain etc fairly extensively. As for a disorderly Brexit, senior ministers resigning and a hard Brexit team lined up, it must look like a fire sale internationally. Perhaps the drop is temporary, I hope so.
I have tried to trade down over the last 18 months but also having to do this with other (dividend) shares in the portfolio so its a question of holding your nerve and reducing the size of paper losses rather than crystallising them...unless you were lucky enough to sell BT, buy JOG, sell JOG, buy BT today.
Only twelve more trading days before the ex-dividend date for the final dividend payment, and the share price continues to fall. Today, it is 1.6% down to a new year low ; at the current price the final dividend payment offers a 5.8% yield.
Are potential shareholders waiting for the drop on the ex-dividend date before committing? Under the current scenario, the DB forecast of 175p is achievable, and even likely.
I did not envisage this scenario when I recently invested, but will probably accept the dividend and hold as things stand. The next twelve trading days will give investors a greater insight regarding future share price movement; I am still hopeful of a turnaround at some stage during this time frame.
Longish,
A prospect of a disorderly Brexit does not seem to be effecting the rest of the Market.
I did say a few weeks ago that I had a buy order at 185. And I was hoping to buy at 185 and sell withing 6 months at 215.
Well half of my prophecy is happening the half that I was confident about. I just wish I had the same confidence of BT reaching 215 within 6 months (or even 6 years).
where's this heading, £1.50 ?
Must be the combination of overseas asset sales to private equity and the prospect of a disorderly brexit??? Colt is just round the corner in Aldegate and look how they have transformed under Fidelity