London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Never buy BT ahead of a dividend. They will always fall much more. Just a month ago the share price was 195. At the time they seemed a real bargain with a 4.8 dividend just a few weeks away. However the price is now 23 p lower that is nearly 5 x the dividend.
Avrohom. We seem to be singing from the same song sheet in our comments this morning, although I'm sure you meant 206p as the pre ex-dividend share price? From my point of view, it would have, additionally, been good to have sold for a smaller profit at 195p last week. Either way, the current downward share price trend has little rational basis in my view. Regards.
Avrohom, I did that mistake and bought for the dividend and did not expect it to fall this low after ex-dividend. I bought right on the GE results day at around 8.15am after getting NT from 8am on that day. There were 10 trading days left since GE results day to dividend date and every day it was falling since the GE results day. I should have sold it for small loss at that time itself when it was drifting down instead of waiting for the dividend but I thought it will go higher as the dividend date approaches. Very bad start for me this year having bought BT and LLOY on results day. Now don't know how long to wait for break even. I don't want plough anymore to bring avg down. adding any more would make money stuck in these instead I can manage the paper loss for now.
In my experience it depends on the share. Good quality shares will actually rise post dividend. I recently bought Iberdrolla and it has risen substantially since its gone ex dividend. I never buy a share just for its dividend however if I have decided in buying a good quality share I might buy it immediately before or just after it s ex dividend date depending on its circumstances.
"I never buy a share just for its dividend however if I have decided in buying a good quality share I might buy it immediately before or just after it s ex dividend date depending on its circumstances."
Avrohom, you should post your purchases, immediately you make them, so we can asses your performance against your statements. You never know, some of us may decide to invest on your advice then. I coud come on here and say that all my investments are good and that i'm making amazing capital gains, but it would be meaningless without proof. I don't mind admitting that much of my invested capital is currently seeing a paper loss, not including dividends received and reinvested dividends. I've previously posted when I've made purchases.
I would strongly suggest that no one should act on the advice they receive on a bulletin board. I could post my purchases on here but wouldn't you find that boring. I am not buying anything at the moment. My last purchases was real boring stuff like Iberdrolla, Ibstock Coca Cola (CCH) and Royal Dutch. My portfolio over the last year has performed reasonably well nothing spectacular and is up 17% over the last 12 months. Amongst my stocks I have Aveva, Next, JD Sports which went up dramatically and are continuing to do well but I also held BT, Centrica, Bab**** and Lloyds which have not performed well and are still very depressed. If I am honest if I would not have invested in BT, Centrica and Lloyds my portfolio would have been up 35%. I am still hoping that those shares will perform better in 2020 but not with great conviction.
"If I am honest if I would not have invested in BT, Centrica and Lloyds my portfolio would have been up 35%"
You're getting decent dividends, so where's the problem. UK stocks will recover and contrarian investors will eventually reap the reward for buying now while prices are depressed.
Fleccy,
I have waited 5 years for BT to recover.
Although the majority of my investments are not in contrarian. I do invest in them as well.
In the past year it has been the sector that has had the worst performance. I am now showing a small profit in Lloyds and Centrica but not in BT.
Avro,
I just don’t believe you’ve made any profit from CNA unless you’ve be averaging down all the way down. BT is going to be ok but would take time and regulatory shake up. The U.K market is way too small for more than 2 fibre networks so OR must merge with other network owners and sold to pension funds.
Why pension funds? The regulators won’t F*** with people’s pension.
H-hi There is only ONE full UK wide Fibre network, its BTs . If you line in a big city, then you are problem only a few hundred meters away from a fibre node, a town a bit further say quarter of a mile, rural say 1-2 miles, really out in the sticks say a national park, about 3-5 miles. Virgin have a fibre network, only in large urban areas and then only selective ones, nearest to me is about 25 miles, other national operators even less locations and rely on BT to provide connectivity from there location to an end user. Nobody is going to invest the monies needed to build a second full national fibre network, it will only be to extend an existing one by a very small amount compared to BTs coverage.
' The regulators won’t F*** with people’s pension.' Well everybody else has, thats not a rational argument is it...
That should read LIVE not line... sorry.
I am no fan of BT especially when I look at what, for example, Telefonica can achieve in Spain, against what BT achieves in UK.sI also think the City and European investors dont rank BT sufficiently high enough against some of its peers, and as such the fund investors look elsewhere
I only ever look at BT when the SP is on the decline...and ..I cannot help thinking that Boris Johnson is going to have a few words with BT with regards to speeding up the investment ... with only 54% * receiving "ultrafast" speeds of more than 300Mbit/s I can see pressure being put to cut the dividend and invest,invest,invest
* i just got that from last Sep...
Boris Johnson had previously said that Theresa May's governments' target of providing full-fibre to the whole country by 2033 was "laughably unambitious".
Av
''I have waited 5 years for BT to recover''
That cannot be true.
I sold some for a little under £5 on 26th November 2015