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Maybe i should take it over 200,000 Lloyds shares in April and only top up £20,000 into BT.
"The problem is that there are now loads of other shares which are more and bigger bargains shares like Lloyds or RIO for example."
We already own over 160,000 Lloyds shares
Fleccy,
I did give you my reasons but you disagree with them which you are entitled to. IMHO the main reason is its high level of debt. The problem is the lower the share price the harder it will be to increase borrowings for fftp and 5g. Lets hope that the government will do something to help in the budget.
In regards to the cutting of the dividend I now think that they will cut the dividend more then the expected 25 -30%. With the share price at its current lever cutting the dividend in half will still yield over 5%. I will admit that at the present time BT seems a real bargain. The problem is that there are now loads of other shares which are more and bigger bargains shares like Lloyds or RIO for example.
"That is such a cruel statement to make. Just for the record I feel it was justified for BT to fall but I still hope that it wont fall further."
Avro, you've been right, but more by luck than judgement and you've never backed up your opinion with any solid facts. I like BT as an investment otherwise i wouldn't invest there. The difference between me and maybe some others, is that i'm happy to hold a stock forever if necessary. If the dividend does drop to 10p, then i'll still be generating income on my investment. As the price drops further, the higher the yield on the stock for any new buyers, even if the dividend is reduced. Since non of us live forever and income is my primary goal going forward, then my kids can worry about it when i eventually pop my clogs, should the price still be depressed. Somehow i expect that 10 years from now, i'll look back and have made a profit on my BT investments. The other thing Avro, its not just BT, two weeks ago Lloyds was over 58p and currently sitting below 50p. Prices go up and down and sideways, you only really make it real when you sell, everything in between is just noise.
Avrohom.
I agree with you, and actually regret that I did not sell my BT Group shares for a profit prior to the ex-dividend date. As previously stated, my track record with BT has never been good - slightly ahead from previous investments, well down with the current one. I will, however, persist with my current BT investment, and feel confident that it will rise, at least to the level of around last mid-December by the end of the year. Currently, it is a good dividend payer; other than that there is little to commend it as an investment. Regards.
TLWilliams,
The latest falls in the markets has given rise to loads of buying opportunities. Lets be honest if someone was going to give you £200000 today to invest anywhere in the world. How much of it would you invest in BT? With BT's past performance over the last 5 years I know exactly how much I would!!!
Fleccy,
"i'm hoping the price drops even further from here" are you for real????. When I have correctly predicted in the past that BT's share price was going to fall. Most of the gamblers on here just because I was proven to be right. I was accused me of all sorts of conspiracies. I don't think I have ever said that "i'm hoping the price drops even further from here" That is such a cruel statement to make. Just for the record I feel it was justified for BT to fall but I still hope that it wont fall further. The reason why BT is falling now, Because of the massive falls everywhere investors are seeing much better opportunities elsewhere.
If market valuations are to be believed, BT Group's value is greater than 30% less today than it was just before the ex-dividend date (a little more than two months ago). When I consider the scope and potential value of BT Group's assets if the company were broken up into smaller units, the current value ascribed to the business would make very little sense to a reasonably intelligent person. The current valuation is now approaching the sum that was paid for EE. I totally agree with fleccy's philosophical take on the current debacle.
One can only hope that a well-reasoned consensus will start to dictate the share price trends of blue chip stocks. Currently, share prices are determined by a small number of cherry-picked pessimistic broker valuations. It is as it is for the time being, and investors will hope that a reasoned methodology will return to the approach that is used to value core UK companies.
"AAH, but that is the rub fleccy. the 7% is only applicable to new buyers at the stated price.All peeps already invested are taking a % cut."
I have a big chunk of BT shares at £2.94. there's not much i can do there but wait. I haven't changed my long term view on BT and consider the current price an absolute bargain. Considering i'm currently showing a more than 50% capital loss on that batch of BT stock, i know what you mean, but we are where we are.
“ the 7% is only applicable to new buyers.....”
Exactly. In many cases the return equates to half that, with a potential huge loss on the original sum invested which may never be recovered.
Strict risk management is the key to any successful investing, not guesswork; and one has to remember - the long term success of BT depends upon many external factors beyond its control, as does its share price.
even with the projected dividend cut, dropping the divi to to around 10p, the yield would be around 7% at the current price.
AAH, but that is the rub fleccy. the 7% is only applicable to new buyers at the stated price.All peeps already invested are taking a % cut.
"They’ve shown they can’t be trusted. They did it with LIBOR, interest rates, subprime assets and rolled retail investors worse than any scammer. They’re a slur on the nation."
It's partly because of Brexit and partly stock and sector sentiment and most of this is due to Foreign/European investors pulling out of UK stocks.
I wouldn't worry Toff, it's neither here nor there, unless you need to sell.
I look at it like this, even with the projected dividend cut, dropping the divi to to around 10p, the yield would be around 7% sy the current price. I've got 40 grand waiting to invest in our ISA's in April, i'm hoping the price drops even further from here and i'm seriously considering putting the whole amount into BT.
It’s rapidly approaching the stage where the EE acquisition will be all that’s left of BTs market capital. The ftse is lower now than it was in 1999. A 20 year bear market.
Crazy valuations - lower than any bear market. And I can’t see no end to it. Marking shares down to derisory levels is the normal in uk markets. Until the whole rotten dynamics are removed and the human element eliminated it won’t change.
Those responsible for providing liquidity and valuing shares fairly have failed on a monumental scale.
They’ve shown they can’t be trusted. They did it with LIBOR, interest rates, subprime assets and rolled retail investors worse than any scammer. They’re a slur on the nation.
Toff