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They've cut some old lady off from her vital line, but I don't think it's that 😏
My monies on court win leak, may improve once confirmed.
If its the court case, someone with insider knowledge has leaked it, becasue i cant find anything in the media yet.
big boys playing by their own rule books again which will just be ignored.
DEUTCHE TELEKOM TAKE OVER
Were is your link?
More like court win
Anyone else... with more legit suggestions?
DEUTCHE TELEKOM TAKE OVER
Anyone? just shot up 5%
?
Did we win? Shares shot up but can't see any news
" they have paid a premium to buy calls "
yes, exactly ....the Call seller gains the Premium if it isnt exercised ....I imagine a Feb 2024 Call at an exercise price of say 150p isnt so expensive right now ... .. sell the share price down now , buy a cheap Call as a consequence and make big with little up front cost if a future Option then goes "in the money"
I wonder if MS are betting here on a Trump victory and a post election market rally
So, they have paid a premium to buy calls, which basically means they fancy it rising.
The but is, that they have a max loss of the premium if they let the rights lapse.
It’s still a positive move by them as far as I am concerned.
".. but MS are reporting these as 8.A voting rights, which would indicate they're holding the stock "
Fleccy
I think the issue is more the way the form is set out and the wording used
" % of voting rights attached to shares " -this is actually where the shares are owned ... you can only have a voting right if it is actually ATTACHED to actual shares ...
"% of voting rights through financial instruments " - very little detail there, and maybe there should be an * attached with small print to explain .... that any REAL voting rights only become ATTACHED and therefore active at a future point where the Derivative is exercised and turned into REAL shares ... as we know Derivatives are about a FUTURE Option to buy and sell shares .. so the voting right does not become ATTACHED until that point where you exercise that Option right to...buy ...or not
so..at this point MS dont own any shares within the future Derivative Options that they have placed .... and whether they do or not at some Future point depends on the exercising or not of those complex Options ...
Al
The negatives...
Debt, Capital Expenditure, Court Case, Pension Deficit, Competition, and of course OFCOM.
It's cheap for a reason.
There are some pluses, the yield, has it fallen far enough, break up possibilities, etc.
Would not be surprised is consumer division EE gets separated at some stage, I assume combining retail brands is a start in that direction. May do a GSK HALEON type split.
'daytrading etc is destroying stability'
Day trading has little or no impact on the stability of a company the size of BT.
Even shorting has little or no impact, for every share they sell to go short, they have to buy when closing. i.e. zero impact.
Issue is market sentiment and the other obvious issues, like pension, debt, court case, competition.
Regardless, I have bought in the last two days, and intend to hold until I get my target of circa £1.50. Will reinvest divs, if they pay it.
I like to catch falling knives....
I was thinking of adding some BT to my portfolio, I haven't got anything in the telecoms sector yet. It is either this or VOD, I like the buy backs but not the debt there. I also want a good company in the financial services sector. Looking for dividends and hopefully a rise in the price. Why is BT struggling so much when the main market just keeps going up?
I bought this last time it dipped under £1 ,missed when it got over £2[too greedy] but sold all at £1.89 on the slide back down,if this dips below again,i will be back in with that profit and sit and watch,hope fully the divi will keep ,about time these good ole shares [lloyds ,l and g,several others ] paid some specials to keep more long term holders,and shrugged off the fear of the wokes and gov moaning about share holders getting profit , daytrading etc is destroying stability
A Quick Look through poundashares posting history tells me that they are a former holder of this stock at much higher levels.
Clearly bitter about that holding, one assume he took a significant loss, so now pushes the BT is crap narrative.
All just an assumption, perhaps he’ll explain, or perhaps I’ll post a few examples, better still have a read.
I'd have thought it was your kinda price Poundashare?
Even I wouldn't consider this share at under a pound
I see.. It's the 8B2 section, where it lists some of them as 'Equity Swap' rows, together with the statement in point 11 right near the bottom of the RNS notice.
I can't claim to understand the FCA regulations but MS are reporting these as 8.A voting rights, which would indicate they're holding the stock. If they'd loaned out the stock for shorting, then I assume they wouldn't hold any voting rights since the shares would have been sold as part of a short position.
https://www.handbook.fca.org.uk/handbook/DTR/5/?view=chapter
Fleccy - Well you got pretty close there tbf, rounding would have been where the count drifted out slightly...
Of their total positions are we in agreement MS are most likely loaning out 136,790 of them to shorters? (It looks that way to me).
I didn't read the full RNS, just looked at the percentage and calculated the number of shares based on total voting rights of 9,952,100,727.
Good point Fleccy and scrolling down further I spot it says: "Of the total voting rights attached to shares in Section 8A, 136,790 (0.001375%) of these are the result of stock borrowing agreements."
Looks as though MS bought some stock to their 8A position, 0.001375% (136,841 shares).
https://www.lse.co.uk/rns/BT.A/holdings-in-company-9ys1uequwl4e0zy.html