Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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@Ecologist
A blessing in the fact that you have actually made a taxable profit - not something we are seeing on here at the the moment.
Sorry for any confusion.
Coral
Polo Tang UBS in my mind is a suspicious character with clearly a negative view of BT but strangely positive on other telecom stocks! Ignore any commentary from them.
Sorry 24 million sold and 13 million bought .....
@Kiwitwo
It depends if you believe that 14.4m Uncrossing Trade was a buy (as shown) - because the price implies it was sell.
If it was a sell then you've got 24 million shares sold today and only 9 million bought .... which wouldn't be a good sign!
Volumes sold 10 million and volumes brought 27 million, share hopefully will head north on thursday.
Find it very curious that UBS, just one broker, can move our share price in one day by 4%+ by downgrading through a communication separate to the daily Alliance News London Ratings. Next were upgraded and do appear on the Alliance News daily, but not BT !! Strange !! Consensus, which UBS admit, is contrary to UBS's "beliefs" !! I wonder are UBS buying the shares at the same time ?!!
I'm still patiently waiting for 102.5 or below. I think it'll come.
Buglet
Mobico got whacked 5/6% last week on broker comments.
UBS are quick to downgrade BT and slow to upgrade them. If I'm remembering correctly UBS were a laggard during BT's rise to over 200p in 2021. Things are a bit uncertain at the moment with the class action, hence the current short position's in the stock, so some bearishness isn't surprising.
The new tax year starts next week and I currently view BT as my most likely top up at some point following April.
You are very naive if you think this fall is due a broker downgrade. One or two percent maybe, not over 4.
Look at the other broker ratings since UBS last June - Overweight, Hold, Buy, Top Pick. Are they all wrong? Everyone out of step except UBS?
Or Drahi is finally giving up
If you think that Buglet, then you haven't followed BT during previous UBS downgrade's. UBS go to great lengths to accompany their BT downgrades with speculative negative commentary, so it's most likely UBS who are responsible for today's drop. It's also unlikely that the CAT are even close to a decision on the class action.
" I think the class action is a bad loss and those in the know are getting out."
I dont even want to go down the path that some judicial decision that hasn't even been made yet has somehow been "sold" to the City ..
you been reading too much about Ukraine ! or watching too much TV
One downgrade will not make this difference. Sorry, but do not believe that at all. I think the class action is a bad loss and those in the know are getting out.
Today's price drop is clearly due to the UBS downgrade, they have form in this respect.
"...Share price suggesting bad news coming "
I suspect the price is merely short players keeping the pressure on the CEO to deliver in her first Quarter , as at present she is seen as a risk ...yet to really know her decisions on cash allocation and priorities
helps she is buying shares which shows some faith in her own abilities to achieve
I suspect some of the short players are actually mid/long term believers in BT but are putting some pressure on the new CEO to settle in and show a strong sense of direction
BT Group : UBS cuts target price to 100p from 110p
Quite possibly the reason for the big drop today and/or last chance to get more shorters out of their positions.
"...so double taxation"
hummm...well every pound handed on is taxed again and again , each time ...nothing new there
Class action?
They just love kicking BT, so I'm not sure why the market reacts the way it does.
Of course the dividend has already been taxed once already, when the company registered their profit before dictating how much of it to hand out in div so double taxation
@Coronation, I am not quite with your statement that it's a "blessing" to pay tax on dividends. Stating the obvious, when a share goes xd, the sp is immediately reduced by the value of the div. That's not an issue because xd + div = previous sp. However, when the div is now taxed, the formula no longer holds and the investment is worth less.
Europe has a 30% witholding tax, enough to give the UK bad ideas ...
Helpful reminder coronation, it's an interesting one as I've been trading with standard fund & share acct... monthly/annual fees for holding an open stocks & shares ISA, plus the faff of calculations and moving it now and then to get a decent deal, have previously not been worth the faff esp for those who don't trade sums which attract taxation. However, the lower thresholds may now make the stocks and shares ISA more favourable... DYOR
Just a gentle reminder that the Tax Free Allowance on Dividends falls again this week to £500 - a £4.5k fall since 2016. As shares held in an ISA are tax free it MAY be prudent to ensure your allowance has been used for this year too.
Paying Tax on Dividends is of course a blessing as it means you have made a profit - but a tax free profit is a double blessing.
GLA .