The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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.
I'd suggest it was the various political figures and Billionaire investors who poisoned the UK political well. The LIB Dem's, Labour and SNP aided by John Bercow, a card carrying remainer who drove around in a car with a b0110ck5 to Brexit sticker in the car, tried to overturn the referendum result by any means; Billionaires like George Soros financed anti Brexit groups to march and heavily canvas politicians to ferment political instability.
Brexit in itself wasn't damaging, it was various powerful players who didn't like the result and wanted to stop it all costs, by fermenting political instability. I'd suggest these various anti Brexit players weakened the Government so much, they strengthened the hand of the EU negotiating team to ensure we got a bad deal, quite treacherous in my opinion.
It would also appear that the UK Government has no real power in this country, where the judges and foreign courts now seem to control UK policy by neutralising Government policies. It's about time they scrapped the House Of Lords and brought in proportional representation, the two party system no longer works and is unrepresentative of the majority view.
I would never vote in favour of rejoining the EU, since we'd get a rubbish deal and have to join the Euro; That said, UK politicians seem hell bent on ruining the country irrespective of us being in the EU.
Be interesting to see how this pans out, we’ve already got the “National Treasure” and “British Institution” arguments saying it should never happen, but the bid came in and the share price went up even when the bid wasn’t provisionally accepted.
DYOR
Aus, UK is already a basket case... sadly seems many are happy to welcome the return of rickets and other Dickensian era ills, expansion of thoroughly run down/deprived communities, rising unemployment, declining house prices, weak equity prices, growing food bank queues, medicine shortages, perpetually late running trains/buses, rivers converted to defacto sewers... it's a sad state of affairs but... growing 5G and FTTP rollout is one of the few diamonds in the rough!
Hi expat, I think you might not be looking at the full “round” of Brexit.
Apart from Brexit making Uk weaker, harder to trade with & looking like a basket case to investors, who let face it, have other options to choose from, Brexit being a reason not to invest here in the sunny uplands.
The bit I think you miss, is, you can follow Brexit back to the political madness that has poisoned.the uk. These lunatics wouldn’t have gained power or positions of power without the disruption of Brexit
It’s not difficult to join the dots. Leave voters have got the politicians & chaos they deserve.
"The key here is 2016. I don’t think there is an example where uk stocks have so under performed……"
nothing to do with 2016 get over it for goodness sake ,talking about several shares in general its all down to cancel of divi during covid , no specials ,fear of wind fall taxes , msm stamping feet about share holder still get divi with poo in the thames ,and bods bending over in fear of hmgov , and we all wonder why lack of investment and hedge funds going elsewhere ,and all you can do is blame 2016 boo hoo open yer eyes uk was the forth largest exporter last reports ,didnt hear that on the beloved bbc did we ??far from it just doom and gloom,reserect maggie she would be out swimming the channel with a knife in her teeth to puncture the boats not bowing down to the echr ,she would have left that the day after the 2016 ref, now the gov is considering allowing eu boats to come sandeel fishing for fertilizer ,independence my ar5e just smoke and mirrors
Yes pokerchips, seems my 165p prediction was incorrect/premature... I still reckon BT will prove an immensely sound investment, at these prices, within a 0-9 month ahead time frame and its why I'm continuing to buy up more tranches as and when I can afford to.
Agree with duncb, sell off of BT Ireland could make sense if theres some combination to both clear some debts down and to divert some supporting funds towards the 5G and FTTP rollouts too.
Recent annual profit of about £30m at BT Ireland.
If selling to reduce debt and interest payments it might make sense, it depends how much money the business makes. If it just a project for the new chief exec to justify her position then no.
£3.50 is a realistic target in 3-5 years time . Anything around that and I’m out
LOL £5 a share, maybe in our dreams but that was an old joke years ago on here, might be £5 a share at some point in the future and if lucky i our life times?
Poker, isn’t it the case that if you take out the best bits of any country’s statistics they won’t perform as well?
Aren’t the numbers supposed to include everything?
"The UK has overtaken France and the Netherlands in exports" isn't that strange?
well there isnt much between them and take out the London advantage of Financial Services and you may well find the UK is behind ...
https://www.dailymail.co.uk/news/article-13293237/brexit-Britain-biggest-exporter-France-remainers-blow-eu.html
Savage ,
You were saying " £1.60-65p very soon" back at the end of December .... "114p shortly" now seems like a bit of an admission of prediction defeat
A private equity firm offered an insulting 150p per share. For all the bad stuff about BT, the valuation is ludicrous and an obvious buy if a private equity firm will pay that. Fair value would be 500p. Just load up and don't worry!
Expatwelsh, good post. If you saw PMQ`s yesterday one MP also stated that "The UK has overtaken France and the Netherlands in exports" isn't that strange? 8-))
Do not think the share price will change much either way until a decision is made. Any opinions anybody?. This case seems to be everlasting.
Aus, I wish it was only one thing but I think you are missing things if you only think Brexit. Successive governments have hit UK pension funds going back years from thatcher’s allowance of pension holidays to browns dividend tax credit grab to various restrictions on where pension funds can invest causing massive reduction in the share of pension investments in equities as funds had to move to fixed interest to meet stress test requirements. Add to that the crazy drive to ESG focus which has hit fossil fuel and defence companies then add over regulation which hit telcos like BT and reduced the inclination to take risk in banks ( article in past week on this , I think in the Telegraph. ) Also allow for erratic tax policy from investment allowances to corporate tax rates to windfall taxes . On top allow for on off views on support for nuclear and new oil investment .For remainers Brexit is an easy target but it’s only one of many things that have reduced liquidity and inclination to invest in U K . All of them are consequences of successive governments not having a cohesive plan for growth in the UK. I wish the answer was just it’s all Brexit but in my view our dear government and its predecessors have made us unattractive in all sorts of other ways. And the politicians still seem to kid themselves they can drive growth when they’ve been a blocker for decades.
Expat - I’m afraid we know why UK market is suppressed / valued low.
From memory - if you invested £100 in US stock exchange in 2016 you should expect to see £260 back. France and Germany £180 £190.
UK expect £116.
The key here is 2016. I don’t think there is an example where uk stocks have so under performed……
BT shall prove a safe stock in these turbulent time... I think we're on the cusp of a big move upwards imo. I think we'll be seeing 114p+ shortly.
It’s not my money that’s needed it’s the huge amounts of liquidity sloshing around the USA that brings all sectors valuations to a big premium on UK valuations. Lots has been published on this fact lately , check it out.
Thanks Fleccy ,I’d forgotten that . Not sure a secondary listing is the same as the main listing. As for litigation risk the hundreds of companies listed on USA exchanges seem to manage that risk so probably not insurmountable. I’d love to see it mooted as a possibility if only to see the media meltdown and all the “ disgusted of Tunbridge Wells” crowd worked up into a frenzy at the possibility. It would be great entertainment and to be fair as a long term holder BT hasn’t provided much of that in recent years !
Don't need to be listed in an another country to plough ones money into it.
BT will never move from LSE, it suffers from Stockholm Syndrome.
They recently delisted from the NYSE, that tells you everything you need to know. I suspect impending litigation encouraged BT to delist there. In the US they litigate on anything and everything, US shareholders would take BT to the cleaners for various imaginary things impacting the share price.
Declared 16th may and ex dividend date 1st august.