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Over the last three months the SP has got up to 110p or near twice, we are there again today if we can get above and stay above at close I think it will auger well for a steady recovery. I don't expect any terrible shocks in the FR as the 9 month update looked OK. At present BT is able to fund fibre rollout from revenue ( + some debt) it is in a better position than many others planning similar the high current cost of debt against future returns is very different to when BR was very low. Today I broke the rule don't buy in to losses to avg down and doubled my holding in BT as the div seems pretty secure and at 7% provides a floor. As always DYOR all the best.
Off Book trades are negotiated between parties Off Exchange, and although they usually go through at the On Exchange price they don't participate in the price setting process.
Nice!
Fleccy "They're negotiated Off Book trades and are non price setting" can you explain what this means.
I thought share price movements were subject to buying and selling on the market. Or am I missing something?
Phat they're negotiated Off Book trades and are non price setting.
Up 3.37% today. A good sign. Same again tomorrow fingers crossed
Fleccy are these trades someone buying shares or dumping stock.
If they are dumping, surely that doesn't bode well
These are the relevant trades:
tradeDate . . . . . . . . . . . . . . . . . . . price volume . . . . . . . tradeValue
2024-05-13T15:40:45+01:00 105.5 20,000,000.00 21,100,000
2024-05-13T13:49:52+01:00 105.5 20,000,000.00 21,100,000
2024-05-13T13:49:51+01:00 105.5 20,000,000.00 21,100,000
2024-05-13T13:28:36+01:00 105.5 17,012,644.00 17,948,339.42
2024-05-13T13:28:29+01:00 105.5 17,012,644.00 17,948,339.42
Fingers crossed
Large volumes moving today
Something is a foot?
Sub £1 is certainly possible, all it would take is another dodgy set of numbers, and/or a negative result in the competition case.
Waiting for decision at the moment, could cost BT well in excess of 1Bn, that's about 10% of current market cap.
That said, I'm happy to see today's rise ahead of figures, and I am taking advantage of it to take a bit of cash off the table.
Czql5v - Yes small shareholders are at the mercy of large shareholders. We have to gamble and take a wild guss before the earnings
Sub £1 next week? People who have this opinion shouldn’t be investing shares. As I said in my last post £1.30p by the end of May. Phillip Jansen said in his last interviews before he resigned that BT is now in a much stronger position and if they stick to the plan he had put in place the company would prosper.
Let's hope there is some good news in the pipe. Large shareholders, Analysts etc always have some insight before ordinary shareholders do. Let hope todays uptick against a lower FTSE is a sign of things to come.
The SP has been hovering around this range since mid February. Maybe the shares are seen as good value with good prospects?
Is this going to keep going up after the earnig (obviously if the earnings are better than expected they will go up ). They have been going up - does the large shareholders know something and trying to push up the SP and sell befor the bad news?
Re landline, you still make landline calls?
re mail client, you do realise there are plenty of other mail clients you can use.
re the crackling hissing line, that will soon resolved when you are moved over to a digital line (i.e. IP telephony).
NEXT.....
Not surprising ,bt landline connections suck ,all auto if you want to complain ,it runs a test and says all is ok if you still have problem ring and go through press this press that then wait 45mins and then through a crackling hissing line they say we have run a test all is ok ,internet broadband reasonable ,but the latest up date to email logoff it takes you to an advert everytime it used to take you back to login so you could go to your other email s but some bright jerk thinks you may want to upgrade everytime you logoff , sorry bt no wonder your slipping ,time for complete loss of landline methinks
If so I'm with fleccy, fill your 👢 👢 👢 👢.
For information that limit I mentioned is 30%
RE: Drahi
Given debt issues with his other companies, it is IMHO unlikely that he will buy more BT shares, also he is very close to the limit he can buy without being forced to make an offer (or reduce stake) for BT.
Market seems to think it's more likely that he will reduce stake, but he states otherwise.
https://www.thisismoney.co.uk/money/markets/article-13304289/Debt-ridden-Patrick-Drahi-wont-hang-BT.html
No mention of Patrick Drahi increasing his stake? Any thoughts?
Depending on the yield I’m getting at £3 a share I may keep holding.
I presume if the share price is £3, it’s because the balance sheet has much improved and we are getting more than the current lacklustre 7.7p a year.
Can only hope and dream of the 15p a year dividends again one day
Im no highfalutin , fancy dandy wheeler dealer like many on here. The shares i own are from BT employee share saving schemes plus the occasional company freebie . Holding a modest amount of shares is more of a hobby for me , but its nice to hear the thoughts of the real players (obviously that doesn't include Mandy)
So the share price i prey for is (((((( £2.74))))))) As this would give me a cool £100,000 , to add to my pension fund.
Alas we can only dream
I think around £3 would be a fair valuation for BT once the current capex cycle ends and the cost savings kick in, showing up as an increase in the bottom line Net Profit. I don't see BT as a revenue growth play due to their incumbent status, but BT has massive potential for savings through building closures, network transformation and staff reductions. To put things into perspective, BT's yearly Capex spend at around £5 Billion is more than ARM Holding's total yearly revenue, ARM has a market cap of $113.23 Billion and BT's market cap is around £10.5 Billion. Once the current capex cycle ends, BT will have the largest national FTTP and 5G network's, and enough firepower to reduce debt should it choose to. It's blindingly obvious to me that the market is undervaluing BT's assets, so I have no problem topping up as dividend cash becomes available. Whether or not ARM has the potential grow revenue and justify it's large P/E ratio remains to be seen, but it's anyone's guess as to why Telecom stocks are being hammered down to historically low valuations; My theory is that big players are depressing Telecom stock valuations, to push out retail and quietly mop up stock behind the scenes.
Rolls Royce is a good example of how the market can move prices when they want to, from 39p in Oct 2020 to around 423p today. Rolls Royce rerating is even more miraculous when you consider there were 1,930,995,313 total voting rights in Dec 2019 and 8,416,696,989 today and they dropped the dividend and still have debt. If Rolls Royce isn't an example of big market players gaming stock valuations I don't know what is, since it's the only way I can make sense of the disparity in valuations between different stocks and sectors.