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i personally would buy more bt shares if i had the cash, page 40 on the attached shows arpu growth. jansen called openreach "an unstoppable machine"
so i fear for the talktalk retentions advisors job saying "a lot of calls going to youfibre" to customers, given that all calls are recorded and monitored (i hope he/she doesn't get a **********) .
this is a good read - just look at the revenue (table 3 page 49)..........interstellar, 55000 job cuts in the whole of bt by the end of the decade. results on the 16th may, openreach will shine again lets see what the other parts of bt do.
https://www.openreach.com/content/dam/openreach/openreach-dam-files/new-dam-(not-in-use-yet)/documents/regulatory-compliance/investor-brief-2023-online.pdf
The market doesn't care about MCAP
Market has far more (worrying) things to be concerned about and price shares on ....
I agree with UBS.
I recently cancelled my talktalk line for netomia/youfibre.
Price was cheaper, speeds were better.
When I was on the line to talktalk retentions the advisor said there had been a lot of calls going to youfibre.
This is a net loss for open reach.
They are having to roll out new infrastructure and sell the service for less.
I would personally not be buying BT.
BT paid £12.5Bn for EE alone, in 2015.
Market cap now just £10Bn for the whole company...
They clearly have a agenda its so obvious, many other banks disagree and we will have further updates from them shortly.
Just refreshed your chart fleccy, good idea I think and I prefer the black. Red jars a bit with me, never like to see red!
If had spare cash right now (I already spent what I had on another small tranche of BT stock) then I'd be buying up another lot... this stock imo is going to be a top performing equity this summer ☀️ - DYOR
Haven’t they’ve been fined for fraudulent behavior before?
Saw that earlier, UBS are working really hard to dent sentiment in BT.
Https://www.proactiveinvestors.co.uk/companies/news/1046118/sell-bt-says-investment-bank-amid-openreach-concerns-1046118.html
AAAAAAAAAAAAHHHHHHHHHHHHH!!!!!!!!!!!!!!!
The column values should automatically update as the price changes and the Total column will always show as the current date.
Changed to Black 😉
That's a good profit for AKO so, to date they're clearly right to be short.
I wasn't asking for a change, I just didn't want to make any assumptions. Thanks fleccy.
I made it red to stand out as the total, it has no significance and isn't meant to indicate a loss for AKO. Just for you I'll change it to a different colour. 😒
Fleccy
yes, but of course,shorters know in advance what they will have to pay on ex-div day....they no doubt have the cash from selling the borrowed shorts earlier on... and depending on general market sentiment will obviously want to make sure they can knock the price further after ex-div ..... as you say a basic ex-div deduction of the SP makes the div payment equal to the extra gain on the short "profit"
Fleccy, why is the last bar red?
To add to my previous post in this thread; I've been a bit bored this afternoon so I decided to to build a chart to roughly measure AKO's paper profit on their shorts, not including interest, but the Total column takes the dividend into account. The chart should update every minute as BT's price changes.
https://docs.google.com/spreadsheets/d/e/2PACX-1vRsw9LqqM3qfp1pbyg2fC4UnADyTjldJjpbBz0ejR1F7KI6w6k1OhPW65Iz80lXOgTJh19gwwG7o85U/pubchart?oid=1398899881&format=interactive
Thanks Stupmy... I was wondering if its the US data triggering the losses... Also possible I spotted FaceBook shares are massively down today on AI Zucker spending apparently... now many funds/PI's have a toe in the water with FB and I ponder if some may be selling other stock to cover paper losses? Funds more so above PI's of course, as they often have to comply with percentage holding rules/policy and so on... e.g. pension funds in particular.
I've taken a penny loss there and shall wait. US markets selling off, I believe in response to data showing economic growth has slowed in the first quarter and inflation is rising.
Seems to be a good thought to me fleccy. Can't believe how many useful posts I'm seeing today.
Something else to bear in mind, with reference to dividends and short positions, the entity holding the short position is liable for the dividend.
If the dividend is held and the price doesn't decline sufficiently in the meantime; Ako capital as an example, holding a 0.91% short position on ex dividend day, will be on the hook to payout nearly £5 Million pounds in dividends to whoever they borrowed stock from.
Here's a chart summarising Ako's short positions, I used the day closing price to estimate the number of shares purchased and how much they've so far paid out in divi's:
Fund . . Date Changed . Close . Change. . . . . Quantity. . . . Short Price
Ako . . . 7 Mar 2024 . . . . 107.5 . . 0.09% . . . . . . 8,956,646 . . £9,628,394
Ako . . . 23 Feb 2024 . . . 106.9 . . 0.12% . . . . . 11,942,194. . .£12,766,206
Ako . . . 6 Feb 2024 . . . . 107.05 . 0.09% . . . . . . 8,956,646 . . £9,588,089
Ako . . . 23 Jan 2024 . . . 115.6 . . 0.11% . . . . . 10,947,012 . . £12,654,745
Ako . . . 11 Dec 2023 . . . 131.35 . 0.50% . . . . . 49,759,143 . . £65,358,635
Total. . . . . . . . . . . . . . . . . . . . . . . . 0.91% . . . . . 90,561,641 . . £109,996,07
They would also have had to cover the Ex Dividend payout for their 0.5% short position on the 28th Dec 2023, coming in around £1.15 Million. Ako appear to be well in profit from their first short position taken out on the 11th Dec 2023.
I'm only guessing with the above since I've never shorted a stock, I'll happily be corrected if I've misunderstood something.
Stupmy
I say it as a number of more experienced posters have made that point on different occasions ..
On the face of it I would be surprised if the new CEO would cut the DIV at this stage, given they expect to maintain year end guidance of FCF at the upper end of £1.2 billion and her presenting more or less the previous CEO result
What I suspect may be her throw out could be what her expectation of div cover to be...as well as any view on capital allocation for the new financial year
..and...whether..they decide to make any provision for the court case outcome
If there is a fine at some point there may well be room for an Appeal, plus..depending what the fine might or might not be...to pay ..over a period of time
I didn't know that Poker, is that solid or just 'probable' it sounds murky enough to be real to me.
For those interested. The SP has formed a rectangular pattern. The upside breakout might take us to 117 or above, the downside to around 94-95. The shorts are obviously looking for the downside.