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Don't you feel like it's waiting for you to sell before it takes the next step up!
Possibly they're digging in to attempt to claw back a proportion of their losses... They're taking a big risk though because imo BT will soon make another sharp climb upwards, they could end up amplifying their pain! Lets hope so! 🔥
Anyone know what the near half a billion goodwill payment for BT Business was for?
Possibly some shorts lurking below the reporting threshold still, e.g.
Kintbury Capital LLP 0.37% -0.19% 16 May 2024
https://shorttracker.co.uk/company/GB0030913577/
Hi Fleccy, yes, you are right I hadn't also factored in the divi in Dec - so yes their losses will be closer to £12M !! Lets hope they decide to close out soon.
Presumably some cannot quite believe the change in direction for the SP to have moved upwards? - imo it's best to take advantage whilst many take stock to consider their next moves as this is heading right up towards 170p in coming weeks! Don't miss out - DYOR
Morning bell am adding here as I too see 140p+ by end of the week as we have inflation news coming up and it could be 2.5% around and fireworks will start across all stocks. Also will top up Lloyds. Had a solid holding but sold it at 52p and bought back again but not full amount that I wanted so will load up there too first thing in the morning.
Iran president news could give an opportunity for a lower price at the open or bit later in the first half but don't think I would want to wait as I can add further. GLA
I bought more than I was comfortable with between 103-120 lol
NOT.
lol. I am gutted about not being able to buy more sub 110 though. I was accumulating.
Now will live to another share.
142p by end of week
What are we all expecting on opening tomorrow.
134.5 for me
Close at 136
Steve.W, for AKO I get a total of 90,561,641 short sell stocks. When you calculated your figure of just under £10 Million loss did you take account of their 11th December short for 49,759,143 shares being liable for the 28 Dec 2023 dividend of 2.31p? Giving a dividend liability of £1,149,436.
I actually think AKO's short position losses are closer to £12 Million, but I guessed the short sell prices based on the closing prices for the days they were notified, so a bit of a guess but should be reasonably close.
https://docs.google.com/spreadsheets/d/e/2PACX-1vRsw9LqqM3qfp1pbyg2fC4UnADyTjldJjpbBz0ejR1F7KI6w6k1OhPW65Iz80lXOgTJh19gwwG7o85U/pubchart?oid=1398899881&format=interactive
As I mentioned previously, my chart figures are low since the calculations are based on the GoogleFinance last recorded live price of 132.7p, whereas the actual closing price for BT was 134.25, the calculations should autocorrect when the true live price goes through tomorrow.
Yes dubious. Let’s stay with the copper and aluminium network
"the current CEO will take the credit for a turnaround that involves spending less on a dubious project."
Which dubious project is that?
I read the RNS as being pretty poor. This is a company where revenue keeps falling and the pension top-ups continue on. At some stage fibre rollout (no noticeable difference to our internet speed) will be complete so the shares are still pretty cheap but it's been a badly managed company for so long and the current CEO will take the credit for a turnaround that involves spending less on a dubious project.
Berenberg bank's 135p reiterated price target Fri last very cautious considering the great Thurs RNS !!
Hope you’re right. Just watched the AK results presentation,she’s a good confident talker for sure and the analyst community gave her no tough questions. Polo Tang didn’t push his negative agenda in the Q and A at all which was interesting.
Hope she delivers as well as she talks but I thought her and the FD did a good job at laying out how so much improvement in coming years is pretty much baked in.
I calc approximately that AKO capital shorts are around 90M shares and they are currently losing juts under 10M !!
Hope they decide to close out next week as BT share should progress steadily upwards to 150-160 in the next 2-3 months.
Black Rock shorting around 56M shares are around 4.5 M in the red - shorting BT - so 150M shares to be bought back.!!
Kirkby squeeeeeeeze... 🍋
If they increase the divi slightly each year I’ll be happy.
I suspect 9p next year but even 8.3 would be good!
"the Board remains very committed to our progressive dividend policy, and the confidence we have in the outlook going forward"
Allison
Thanks Fleecy. Those numbers must be giving sleepless nights to AKO for their short position!
Biskit, I have ready few articles so far on BT, mainly from IG, who are usually good at pointing negatives and encouraging retails investors to open short positions and in none of the articles, I do not see any mention of the court case and even CEO in the RNS last week did not mention about court case. Whatever this court case is, it is very insignificant interms of negative outcome to BT and that could be the reason why it is not mentioned much even the Fools articles don't have this mentioned. JP Morgan in April mentioned about the capex cost as one of the main reason and lack of guidance are the reasons for share not performing but they too did not mention about court case. With clear guidance now provided about the costs and FCF, I think it is all blue skies from here unless again war escalates or something major that is outside of BT control!
I've just done a chart for Canada PPIB, they must be down around £19 million based on the closing prices on the dates they opened their short selling positions.
https://docs.google.com/spreadsheets/d/e/2PACX-1vSzpntXIbDbv3WIJxMzgrF484U08WUxqoWPJuzrHhTKoVPC-2NGC_bsiH4p5RVM3E8LnsOtS6NazImN/pubchart?oid=1398899881&format=interactive
A little caveat about the chart, it's based on the last live price as recorded by GoogleFinance, rather than Friday's closing price, so it's actually worse for AKO than the chart shows. The last live price used in the chart is 1.55p lower than Friday's closing price of 134.25p, and is currently showing as 132.7p.