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Started: czql5v, 18 Jun 2024 20:01
Last post: lunchbox, Today 09:52
Thanks for the sanity Fleccy
It looks as though the trade went through at the open price of 139.25p, which was also the day low. It could be that the parties involved pre negotiated the trade based on the opening price, so I'm not sure anything can be speculated from the trade price. It may even be that the trade went through at the open and wasn't reported until after the close.
Lunch ....by definition every "BUY" is also a "SELL", but , in this case, the trade price was well below the price of any other trade yesterday...draw your own conclusions , I did.
£15m transaction could also be a late recorded buy
The "buy" is the uncrossing trade where dealers "square up " their books at the end of every day(read more to understand). The £15mill deal is an "off-book" transaction and is a major holder reducing a position, maybe taking a profit, maybe needs the money elsewhere, while large, it may not be big enough to be reported, again, read about " LSE reporting requirements" to understand how much or how little major shareholdings are made public....
Started: unionbasher, 18 Jun 2024 08:03
Last post: unionbasher, 18 Jun 2024 21:49
Notakin, based on the date that the fibre rollout is complete 2026/27. From then on BT won't need to so many engineers. I reckon the 2030 date was agreed by management with CWU, to keep them quiet.
Unionbasher, you keep asserting that the 2030 date is too far out and it needs to brought in. What do you base that on ? BT base their 2030 date on knowing the amount of work that needs to be undertaken and estimating how long that will take. So, if you get rid of the resource early, the work won't get completed and the whole strategy goes down the drain. Interestingly, BT's progress in this rollout is far ahead of schedule and the majority of those you wish to see released will be gone earlier than anticipated. Baying for people's heads to reduce costs but not consider the implications seems short sighted and foolish.
Absolutely, MyLovely. Exactly what I've been trying to tell these but all I get is abuse.
Yes Phatty (I feel it's more appropriate and kinder than Phat B'stard). I did learn something from Velo. He's great at whitewashing. I'm going to call him in next time my outbuildings need a coat.
Thankyou Velo , for your knowledgeable and considered assessment of BTs prospects. And thankyou for also correcting old basher on his many inaccuracies , conspiracy theories and fake news posts.
Hopefully this time he will learn something
Last post: unionbasher, 18 Jun 2024 16:44
Yes Peter. However, if BT had had the foresight to become a leader in the provision of data centres - a natural move/fit in my opinion - they could have been the leader of the pack and making billions. Instead, like everything else BT does, it's half-hearted attempts here and there. Too little, too late. Who's to blame? Not just the government and their lackeys Ofcom. I blame the leadership, the brown-nosing, the lack of vision. I can see it all in the rear view mirror now. The people you expect to be clever are simply useless. Simples. That goes for most large businesses and all politicians.
Probably not. Hadn’t heard the reference, not sure how it equates to billions, and BT not leaders in providing data centre hosting.
If labour are generally talking about the need for the UK to have best in data communication facilities and are going to support BT in their part of enabling (as UK does and any government should) great…and hopefully means BT can really thrive, thanks to less regulatory constraints..
Hi guys. I've got a small investment here but im not a trader. I'm wondering if with the mention by the Labour party that Britain is in need of data centres which could bring in billions into the economy, and couple with the fact that BT have had meetings with the party; could there be a game changing contract in the pipeline for BT.
Another lazy article with no reference to recent 3% stake by billionaire
https://www.fool.co.uk/2024/06/18/at-140p-is-the-bt-share-price-as-cheap-as-it-looks-heres-what-the-charts-say/
Started: travesties, 18 Jun 2024 16:19
Last post: travesties, 18 Jun 2024 16:19
Handy link:
https://www.lse.co.uk/share-chat.html
Last post: Lloydwill, 18 Jun 2024 10:39
I may have asked this question previously but not too sure if I got an answer which I understood. Regarding Shorting - when is there a need to purchase the shares back if the share price is going up?
Started: bro-ken-broker, 18 Jun 2024 10:25
Last post: bro-ken-broker, 18 Jun 2024 10:25
I had penciled in 150 for end of month so adjusting it now to 160. Seem to have good momentum.
Started: Phatkatzout, 17 Jun 2024 22:26
Last post: Phatkatzout, 17 Jun 2024 22:26
I have just checked it and its true - Trending in the UK
1 - Taylor Swifts underwear 6341 posts
2 - Jimmy Savile 8449 posts
3 - old basher 5 posts (all by basher)
You better hope and prey old basher , those journalists dont check out the hundreds of hate filled posts you have made over the years
Started: Speculator27, 17 Jun 2024 08:55
Last post: unionbasher, 17 Jun 2024 21:28
Honestly Abject, you must think that the people who run this board are stupid. They can see that you lot are ganging up on me with a view to having me banned. No such luck, we've already gone viral on X and more people than ever are clicking on this board to watch you BT engineers rushing headlong like lemmings to make fools of yourselves. It's like a game of follow my leader to you and all because I've pointed out that you don't want a bid for bid. Fine. But I have a right to have my say. You don't own this board, even though you act like you to.
This is an extremely uncouth post DJ. But that's what happens when you try and tell the truth about BT and the engineers who are desperate to cling to their jobs even at the risk of further damaging this already limping leviathan. The bid will come very soon now, most probably directly before or directly after the election. Redundancies will follow swiftly. You've only got yourselves to blame. It's down to the greed of the workers and the stupidity of weak management over decades. Problme with BT is that's it has never forgotten its state-owned past.
Of course they did. All BT engineers. LOL. Never mind. The bid is coming. So are your well-deserved redundancies.
17 people recommended the comment below .. says a lot and must be a record
What an annoying, boring to$$pot. Do one mate.
Started: Phatkatzout, 17 Jun 2024 21:14
Last post: Phatkatzout, 17 Jun 2024 21:14
There does seem to be high number of BT people on tonight. Which is wonderful
So can i take this opportunity , to remind you that anyone joining the CWU this month , will get their first 6 months subs at the bargain rate of £14 per month
Get it while its hot
Started: SJN1, 17 Jun 2024 08:38
Last post: unionbasher, 17 Jun 2024 12:24
Savage they have increased their short because their holdings have increased in value and hence their risk on a SP fall is greater, SEE Blackrock, the world's biggest fund manager who act in an identical manner. There are very few with naked shorts, some will "pair trade "ie go long one company and short a competitor who they think is better placed or short trade special situations ie takeovers (which they think will fail) BUT Most shorts are not naked, the risks are too great.
Casapinos - I'm not sure I buy that... e.g. the Canada Pension short is a pretty substantial short position to take out - I think they thought BT was going to drop, they've now doubled down but I think it's going to cost them dearly as I'm sure many of us are continuing to add to our long hold postions.
For the umpteenth time....many shorts are pension funds , insurers, private equity... who are LONG the stock in question and who use a balancing short as insurance against SP falls. While they EXPECT SP rises, they KNOW that falls are possible and set up balancing shorts to earn a compensating profit if their holding loses value.....
Increasing by the trading day. Nice to see shorters burning.
According to my guess chart, Canada PPIB are now down over £26 Million.
https://docs.google.com/spreadsheets/d/e/2PACX-1vSzpntXIbDbv3WIJxMzgrF484U08WUxqoWPJuzrHhTKoVPC-2NGC_bsiH4p5RVM3E8LnsOtS6NazImN/pubchart?oid=1398899881&format=interactive
Started: unionbasher, 17 Jun 2024 09:02
Last post: bertram, 17 Jun 2024 09:47
Bash, it is You who are behaving like Sheriff Hoot n Toot saying who can post. Ease up old fella or it will start to pickle your brain again. Have a look at LGEN when you have time. Has a very steady repeating up and down and good divi. Producing more beer tokens for me than anything else. May help you with fixation with BT. Let me know your opinion without the insults eh.
Luthee, I have told you before. You are not judge and jury on this board. Nor is the CWU. Have a good day.
27 is right. Heed him - and curtail your boring repetition!
As I used to say at the dog track in the good old days - go on my son. The higher the BT share price goes now, the larger the bid. Never mind the shorters. Who cares about them. No one, except the CWU apologists on this board. Treasure has a point. Sell off Openreach, or sell of the whole stinking pile of detritus. I don't care, as long as I get my money back. Certain that many genuine retail investors, who are few and far between on this board, will applaud.
Started: Botuney, 17 Jun 2024 09:45
Last post: Botuney, 17 Jun 2024 09:45
Started: bowler09, 16 Jun 2024 11:55
Last post: unionbasher, 17 Jun 2024 08:53
Sounds good Treasure. Didn't think of that.
Bertie, the voice of reason as usual. I'll tell you who wants BT - circling billionaire globalists who want the cash cow - Openreach. The current management will be replaced, the head count cut, etc. Between them, these 'billionaires' and DT already control comms infrastructures around the world. Openreach is part of their vision - joining the dots, so to speak. Get my drift, you silly old twerp :)
So they float 25% open reach to raise 10 billion and BT share price is £4 - debt paid down and 15p divi again. Openreach bye the way take on debt also and if your a new Openreach shareholder you get fat divi to. Simple as that…..a bid won’t release a sp gain in the same way as partial float of Openreach. Anyway, don’t float until next year to extract most value but announce it soon. The 55000 staff redundancies includes contractors and office staff not just engineers. BT now the champagne stock to own.
Morning Bash, Not looked in for a while but needed a laugh. Yep you never fail, hehe. Nothing against you however and I am not and never was a BT employee. But I can not see a bid ever coming for the reasons you post. eg. terrible management, union, debt, to large a workforce etc. Who would want BT? if as bad as you say?
I do not think BT is as bad as you make out. Its a tough sector and of course OFPRATS don`t help but there is steady momentum building so I urge you to have just a little more patience.
My post is not confrontational Basher, just my thoughts. Have a good day.
Nothing can be pue savings DuncB. However, you cannot argue against 55,000 (perhaps more) redundancies delivering massive savings for BT. Thing is, they need to happen faster than 2030. Without those redundancies by 2028, BT will not survive, IMO. It will become a third world telco, burdened by debt and an unsustainable head count. That's why we need a bid now. You answer, no doubt, will be to strike. You cannot keep jobs that are no longer required. And they won't be even before the fibre rollout is complete, again IMO. Good luck. I wish you no personal trauma.
Started: unionbasher, 16 Jun 2024 09:28
Last post: unionbasher, 16 Jun 2024 10:30
Agree, as things stand Scallywag. Successful bid means. FOR INDUSTRY AND UK: Hive off of NewCo (Openreach) to leading infrastructure builders, less or no need for regulation, reduced costs all round, no more overbuild, end of road for cherry picking altnets. FOR BT: Faster and more redundancies, reduced wages, pensions offload, and faster debt reduction. NATURAL WASTAGE: Half existing BT engineer workforce will be re-employed by NewCo IMO. The remainder will be made redundant, along with thousands of BT support staff.
What does it matter who owns BT. it's all regulated to Hell. ..and .. Back.
It wouldn't surprise me if the CWU calls for demonstrations and strike in the event of any bid coming in for BT. I can see the placards outside the new BT HQ in the City of London now - 'Keep BT British.' Hope this time they feature easy-on-the-eye members at the front of these demos, as the usual mob of belly-challenged baldies screaming foul abuse definitely doesn't make for the best PR. Please address all complaints about unacceptable BT engineer behaviour to Fleccy/Greenacres/Phat B'stard, Chief Baldy, Baldy Action Brigade c/o this BB.
Started: Luthee, 15 Jun 2024 17:55
Last post: unionbasher, 16 Jun 2024 06:13
Forgive me Peter, I sinned in error.
I was responding to the original comment but feel free to interpret as you want.
Many a true word spoken in jest Peter. Thank you :)
…where as anything you’ve got to say is obviously massively insightful and important, and you’re clearly an absolute barrel of fun to have around.
You've summed yourself up perfectly Luthee :)
Started: Whywastetime, 15 Jun 2024 11:52
Last post: unionbasher, 15 Jun 2024 16:20
P.S. Larry, meant to say the best Chinese lunch in town ROFL
Good advice Larry, I'll take the second bid and withdraw - just like the Catholics do. And I'll buy you and Peter the best lunch in town. As long as you're aware he's got a bit of a social conscience. Mind you, if he's a vegetarian as well, it'll just be the two of us :)
Rodney and BP, I’m happy to say I think you undersold the bid process. First bid is likely to get rejected by BT, guaranteed, leaving a second or third…… b4 any accepted bid would be presented to HMG to rule on. We could see more that one shareprice price increases.
Let’s see what happens when the Class Action ruling is aired.
Agree Whywastetime. Or it might be that the three of them (DT, Altice and Slim) work as one. Or just DT and Altice. Or just DT. Or maybe Uncle Tom Cobbleigh. If the BT share price continues to increase, you can be certain that a bid will come from somewhere. And you can be just as certain that the CWU and the BT engineer activist contingent on this board will be against it, in the interest of, wait for it, 'Keeping BT British'. I should coco. You can't stop progress is what I say. Roll on the bid. LOL
Having read a few financial analysts and commentators - it seems that a bid from Slims is a distinct possibility. After the election here.
The French major shareholder may be willing to move on - at the right price (which Slims can afford. Particularly in view of the political turmoil in France.
Started: NigeCo, 15 Jun 2024 13:34
Last post: unionbasher, 15 Jun 2024 16:13
B**ch
you always were a bit of a ***** peter. but i still care for you in a grandfatherly kinda way lol
Wow! The guy’s almost as old as you Rodders!
I just hope I can find more fun things to spend my money on than telecom shares if I ever get anywhere near his years under my belt.
Last post: Botuney, 15 Jun 2024 10:51
Thanks - and sorry.
Missed 'UT'.....🤨!
It was the uncrossing trade.
£21m - at close of play yesterday?!
Started: Coronation, 15 Jun 2024 08:51
Last post: unionbasher, 15 Jun 2024 09:09
Well said Coral. Can't understand why a highly intelligent and sophisticated ex BT manager like yourself is doing mixing with the rough and ready, beer-swilling, curry-absorbing BT engineers on this board. My excuse is simple. I am, like them, as common as muck. However, there is a difference between me and them. I'm looking forward to a successful bid so I can extricate myself from this pile of horse manure. Roll on the bid :)
Carlos looking forward to a nice payday in September should the dividend be approved.
His recent purchase will bring him £179,031.72 if he holds until XD day. Hope he squeezed them all in his ISA.
Hoping for a nice hostile take over battle twixt Mr Slim - Mr Drahi and DT. How high would they go !! Otherwise looking forward as previously advised to the very important Half Year results .
Coral.
Started: stargate, 15 Jun 2024 00:32
Last post: unionbasher, 15 Jun 2024 08:40
Can you explain that in plain English for the assembled BT engineers please stargate? Or is it just a prediction that the share price will increase to 167p? LOL. Many thanks, in anticipation.
Major downtrend line from April 2023 broken above , which is bullish and provides a sp, forecast of 167, from the breakout point. DYOR.
Bullish hidden RSI(relative strength index) divergence happened on 11/6/24, when the RSI made a new lower low, while the sp, made a new higher low. This occurrence is usually followed by a strong price rally. However the 2 year chart, shows overhead supply from previous trading volume at 140, which may provide resistance to further rally.
The current trend is supported, by a 3 month sideways accumulation formation. A 4/4/24 weekly outside price bar(high greater than previous bar and low less than previous bar), proved to be the subsequent measure for most of the subsequent congestion breakout rally, as a multiple of 3 x the outside bar high-low, range. The congestion narrowing of the difference between close and open price forecast tightening of price action towards the breakout.
Started: unionbasher, 15 Jun 2024 08:36
Last post: unionbasher, 15 Jun 2024 08:36
Based on recent posts, it is my understanding that Phat'bstard, Greenacres and fleecy are one and the same poster. Nothing wrong with this, of course. But I think they should come out and be open about it. Either way, rest assured that, like it or not, this/these poseurs and the assembled BT engineer fantasists on this board will have to eat their words when the bid rolls in. They will be able to save their capital in the short-term by selling up, IMO. If the bid is rejected when they cry foul and threaten strike action to 'Keep BT British,' and if that strike action is successful, they can watch their capital melt away again. As to future dividends without a successful bid. If you think any government, especially a Labour one, will allow shareholders to continue to benefit from increasing dividend payouts, effectively via the 'cash cow' Openreach, think again comrades. You lot will be up the proverbial creek without a paddle. So do the right thing for yourselves, BT and the nation. Go with the flow and accept the bid gracefully.
Started: Phatkatzout, 14 Jun 2024 17:00
Last post: unionbasher, 15 Jun 2024 08:19
Peter, not disagreeing with your assessment. Whether or not you are in favour of a bid for BT, it would represent an extremely advantageous cashing-in opportunity for everyone. Those who fervently believe that any bid is bound to fail would be able to buy back in again at a far lower price. Simples. HOWEVER, bearing in mind the circling sharks, the increasing likelihood of a bid, and BT's weaknesses (debt, overstaffing/wage bill, pensions, CMA case, etc) it would, in my mind, be difficult if not impossible for BT to make ends meet profitably going forward. Cost-cutting is only part of the solution. Something more has to happen. And soon. IMO, BT can no longer go it alone. Openreach must be hived off. How this cash-cow (effectively the objective of billionaire lust) is restructured afterwards will be agreed and decided upon by the new owners and government. In the meantime, the CWU activists on this board, who tolerate no other viewpoint but their own) are gearing themselves up for strike action. I have explained the reason why on numerous occasions here, only to be ridiculed and attacked by the soon-to-be-discarded mob of greedy BT engineers who populate this BB. Have a great weekend Peter :)
Blue Pete I have Mandy filtered and so my posts are not with him in mind and I am not looking for his responses.
He isn’t open to other peoples views so I’m not interested in hearing his anymore.
If you read carefully what he’s saying Rodders you will find your answer to why there’s some resistance to a bid.
A number of people clearly see the current low price as an opportunity to build a future income stream, i.e. buying at what is perceived to be a low price relative to dividend, building up volume and increasing annual dividend return.
Personally I’d like to see a bid as it would result in capital growth spurt equivalent to anything up to 20 years of dividends in a matter of weeks.
I wouldn’t expect a bid to go through and SP would slip back on rejection, however it would likely settle some way above current and of course dividends would continue to flow regardless.
I also think without SP growth, which I recognise diminishes the ‘buy and build volume for dividend’ opportunity, you may well be better off and certainly endure less stress by investing in a high return savings account.
If the government keep letting foreign buyers take out our best firms there is no where we can invest safely and keep the dividend income in the country.
Jeremy hunt wanted to bolster the ftse and encourage retail Uk investors to buy British stocks.
If they get taken over the money just flows out of the country long term. Like drahi’s 27% stake divi every year. And when the dividend doubles, the outflows are colossal.
Abject , the most reassuring comment from the above article was this "Karen Egan at Enders Analysis , adds that pretty much everyone , has given up on the prospect of taking over BT , because of strict national security laws."
Lets be honest , no one seriously thinks BT is about to be taken over
Roll on Allison's (and fleccys) long term plan
Started: DRCed, 13 Jun 2024 16:38
Last post: unionbasher, 14 Jun 2024 20:42
You don't even know what irony means, Ah-so. LOL
Basher 'Wrong Notakin, for the reasons already explained multiple times. There's none so blind as those who don't want to see.' Oh the irony.
Wrong Notakin, for the reasons already explained multiple times. There's none so blind as those who don't want to see.
Expat, I'm not sure any UK PE would want to get involved. Less problematic from a Security pov, the Government would undoubtedly load them with restrictions and obligations to say nothing of the business limiting actions from Ofcom. The only attraction BT holds for a buyer is to strip and sell it and that is never going to happen.
Thanks for your support unlucky investor. Much appreciated. Have a great weekend :)
Started: Arees1969, 14 Jun 2024 16:41
Last post: Arees1969, 14 Jun 2024 16:41
Started: SJN1, 14 Jun 2024 11:51
Last post: SJN1, 14 Jun 2024 13:49
Think we’re thinking of different people, the guy on X has got a really strong rep
BT's tidal wave of buys ... testing 140p today?
Polo Tang must be the worst broker out there, I know someone who used to work for him, enough said!
Why corrupt? Big statement to make
He’s one of the best out there, maybe the best on X lol
This up over 30% since I purchased at the start of May. Who said BT was boring! Long may it continue.