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I bet that on the day the dividend cut actually materialises the share price will go up. What happens in the days following however will be another story.
Avro
‘This price fall has nothing to do with the expected adividend cut. ‘
The dividend cut has already been priced in ten times. Even the rumor of a dividend cut, which doesn’t materialize, is priced in by the overzealous market makers.
In fact, they’ve been pricing in imaginary dividend cuts for 3 years now.
Reminds me of those cranks who walk around with sandwich boards saying - the end of the world is nigh.
But eventually they’ll get it right...
Toff
"Ah I see now fleccy,youve made money by buying and selling shares(goes against your grain doesnt it?)yet have decided to fk it all up by never selling BT."
I've only done what I've always done, I've never said i'll hold my BT shares forever. I was down significantly in Barclays for a while, I reinvested the dividends, buying more stock and then sold out when I reached my target. I'll just do the same with my BT shares, or at least sell a percentage of them. I need to diversify a bit when my current targets are reached.
There must be a reason for BT falling drastically every single day over the last 10 days. I
This price fall has nothing to do with the expected adividend cut. Yes the market is expecting a 25-30% dividend cut. Even after that BT will still have a huge 6% dividend. There must be another reason. It is starting to become scary.
Jonesy is right I think it is time to start panicking
Fleccy,
Sorry I thought you were talking about BT.
Btw although I disagree with your investing strategy (thats because I have tried it in the past) I respect you as an individual and do listen to some of the points you make.
I am really here because I enjoy the banter and have to admit I do love riling up the likes of Toff . I just love the self righteous Islington Corbynists. But I guess you would not expect anything different from "uneducated extremists " like me.
"BT as over every period of time their dividend were always much less then their capital loss."
You're correct in your assumption, BT is a recent addition. I've held various shares over the years and been lucky. I've held shares, on and off, in Barclays, Lloyds, Northern Rock, Vodafone, Cable & Wireless and others that escape me now. I've also been fortunate in timing exits as well, I bailed out of Northern Rock when they were £11 and piling in big on Vodafone when they were £1.60, before the Verizon Wireless deal, they then went up to £2.20 at which point I jumped out, I could have actuallyy made more on that. I'm went back into Vodafone for £30 grand at around £1.75 and another 40 grand around £1.53, i'm not logging in to check the exact figures, but roughly correct. I've collected a lot in dividends over the years too
Fleccy ,
In the past you have accused me of not being completely honest about my investments. Last week I told you that I am an average investor and my portfolio had increased by 17% . The last week has not been too exciting and I am now only 15% up but as you correctly say its what happens over the medium and long term that really counts.
You seem to pride yourself with your honesty which I accept. However you write below that although you are showing a paper loss you have received more then that in dividends. I can not believe that you are talking about BT as over every period of time their dividend were always much less then their capital loss. If you were holding Bt for 15 years you must have at one time been paying over £10 per share. You have many times written that you only buy shares with high dividends so one can safely assume that you never bought any shares when BT were languishing at 70p as then they were not paying any dividend at all. To be honest there has only been very short periods in the last 25 years that BT's price has been lower then it is now. You will therefore forgive me in not understanding how on earth you have not made a massive loss. Please do explain.
"Well if it keeps dropping like it is Fleccy will own BT by next year."
This is what i'm talking about, your posts are shallow and meaningless. You only really come on here to try and wind-up folks, which is your only real interest in BT. Much as it would cheer you up to think I'm hurting, I'm actually not.
@lamteee : It’s not wanting it to tank - it is tanking and for how long - how long is a piece of string? And im pretty sure if those that dont hold/and those that do hold any BT shares they’re looking for when to get in/top up (if possible) to reduce their losses obviously as low as possible - as for such a conglomerate who currently pays reasonable dividends for such a low value stock is a no brainer for even the amateur stock buyer to dabble with. Hence buying block at a time over a period of time seems a strategic method than one big buy with this share at the moment (unless you know the Q3 next week are going to be incredible - then the latter method is a winner lol for short term gain). However, all is dependent on how deep the pockets of the buyer is of course to carry out such a buying strategy :)
When BT is at £1 per share.
Anyone that has shorted it lamtree? I want it to tank, though with respect to anyone who has big money in BT. I had moderate losses in Vodafone and Arrow Global, that a lucky punt in AA has sorted. Pretty much sold everything except for BT where I only have a tiny amount of 5k invested at £2.70. Being greedy, I'd love this to touch the 150's again like last year and I'd buy heavy.
Cheers Fleccy for your input and insight and totally agree with your style and logic.
Luckily I was one of those fortunate to get in at 61p on the ShareSave when I was a BT employee for my sins and bought along side it privately at 84p - so was a double whammy for me as I sold out 5 years later for holding it mid-long term when the ShareSave matured but the private bought ones enjoyed the dividends and capital growth. So hence, I agree with the long term strategy and regards to the dividends as long as there is sufficient amount accumulated to cover any losses or still be in profit if minor drops.
Will continue with the research and keep an eye out in this, and potentially dip my feet in and bulk buy on a period of time and accumulate these if they keep on dropping.
Thanks again for your comment/response!
What difference does a few pence make, unless you're buying above 10 grands worth. What's important is whether you see value at the current price, because it's only the lucky few who hit the bottom when buying, or the top when selling.
If people agonise over a share price dropping a few pence, after jumping in, then they're just lining themselves up to be disappointed.
I've been investing for 25 years and showed a paper loss on many occasions and my investments have always come good in the end. As i mentioned in a previous post, my account is showing a paper loss around 40 grand, but I've made more than that over the years in dividends, of which some has been taken in income and much reinvested, so i'm not even down in paper terms really. Day trading is like going into a casino and betting against the house, the house always wins. Pick your stocks well and be willing to hold for as long as necessary and you swing the odds in your favour,
There are posters on here who imply that long term investing is a fools game, but the reality is, for retail investors, it's the only game in town.
Sold up a while back of BT holding and left this board! As price is in a bear spiral and getting rather attractive daily - am back to see others PoV and reasoning for the drop and hopefully contribute some knowledge where possible!
To name a few Possible reasons for drop - Brexit-does that have any play to it? Quarter 3 results at end Jan’ due? Potential dividend cut scare? CityFibre challenge to BT for FTTP? Total Rebrand and head counts and sell off of property to raise cash for re-investments etc. which could take years to come to fruition so investors find other stocks to purchase for better ROI as slow growth or lack of for that matter with BT at the moment?
Good luck on those topping up on the drops! Personally, looking to get back in and keeping long term as almost looking like post 2010-2011 prices soon.
Good luck surely it cant keep falling the sp. Its every day.
5050 @ 172.42