Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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"My take on BT is that it’s near a historic low and will rise substantially- but I wouldn’t like to put a timeframe on it. As long as Covid-19 is with us I can’t see it happening."
Agreed... BT are expanding all over where I live, roads/pavements dug up. They're getting rid of much of their copper lines... and I was told that by doing so, should reduce costs in the long run. But, this is a good share to have, and i'll say it, even at these levels.
Esrjm
“68p will never be on the cards.”
You can never say never with shares. They fluctuate wildly. A case in point being Rolls Royce - in 2003 they hit an historic low of 64p in 2012 they hit a historic high of 1292p
Bit of a difference isn’t there? And that’s just one example of wild price fluctuation - I could reel off dozens.
Shares tend to get overbought and oversold depending on sentiment - virtually any shareprice is possible. When you start building parameters of minimums in your mind you’re fabricating imaginary levels.
BT shareholders should take heart from the fluctuation paradox. If Rolls can rise about 2000 percent, other shares can and do too.
My take on BT is that it’s near a historic low and will rise substantially- but I wouldn’t like to put a timeframe on it. As long as Covid-19 is with us I can’t see it happening.
Someone else mentioned Willian Hill today - I recommended buying that share on here and on other boards when it was 65p not so long ago. Today’s it trades at over £3, but I’m not selling unless it reaches £4 (takeover)
Pity no one listened to me...
Toff
TGR, you mean has been played. It will turn but it's not really worth looking at the share price for the next year unless you intend to trade. Even then I think it will only just be turning on a proper upward trajectory. 3-5 years is what LTHs should be looking to for value.
Perhaps BT being Covid safe is causing some of the current price issues. The long term position for BT is very good, cost savings, FTTP, 5g will all improve the price in the future, but, the people who make real money from the market are not interested in that in the current climate. They need to see a profit day by day at the moment, it’s much easer for them to do that in areas that are volatile at present. Travel, entertainment, hospitality, automotive etc are making big moves dependent on the changes in the rules by government in reaction to Covid. Companies like BT are off there radar at present as they search for a quick buck anywhere they can, moving money out of safe places, causing there price to slowly drop, to make a quick profit in areas with a lot of volatility. As Covid and to a lesser extent Brexit, pass into the past they will again look for safe havens for there profits. There will be less travel, entertainment, hospitality, companies left to invest in and they will have debts that will make BTs current debt look like nothing in comparison. If you can, just hold on until the , so called market experts, realise where they need to put there money for a good return in future years. GLA
Esrjm, wish I had your confidence. Anyone holding is being played.
If we sold EE next week for the purchase price, BT is worthless
68p will never be on the cards.Somewhere in the low 90's at worst and a progression from there.
"I make that a 9.5% drop this week. Incredible when there’s been no bad news released, what’s gone on there?!"
It's just market games in my opinion. Anyone buying Long Term at the current prices will be laughing in years to come.
I make that a 9.5% drop this week. Incredible when there’s been no bad news released, what’s gone on there?!
Had enough now - been with BT 33 years and done well with their shares - but enough is enough - too painful to stick with anymore - been shifting into other markets - William hill smashed it today.
68 pence bloke will be back soon unless there is a change next week
"BT is beset with indecision..."
I think you are correct, but I'm not sure !
Have a safe w/e all ..... PS little top up today for me
atb
BT has been dogged for years with boards that have been indecisive and slow thinking.I think it's time for a takeover and a replacement board.
Below from this is money.
There is nothing new about BT foot-dragging. Two decades ago, when Netflix was still posting out videos and CDs, UK start-up Video Networks, a Stevenage company that had done deals with Hollywood to deliver up to 5,000 movies, developed technology which could use BT copper wires and offered the telecoms firm a 50 per cent stake.
After initially providing encouragement, BT backed out of the deal. Using similar technology, Netflix has grown into a movie and production giant worth £168bn and become a must-have in lockdown. BT is beset with indecision.
So volatile today
If I had spare capital I'd buy some more at this price and hold for a short temr rise. Sadly I'm maxed out at the moment.
And silly me put 2k in last night on a bid of kill, should have waited until this afternoon. Do you guys have years when all you do in life gold turns into dust ??? Saying that up £4000 on my Tesler.
Wayne