RE: Mandy does seem fragile14 Nov 2023 03:31
Bt is undervalued but so is the rest of the ftse.
I have a large holding here but it isn’t a bid that will see to a fair or stellar value , it’s inflation and interest rates returning to 2%.
The issue with Bt is while interest rates remain high we are no better value than other suppressed stocks and so I wouldn’t be topping up more in favour of other balancing act options. If I was Fleccy with an empty isa and an unquenchable Bt thirst I’d have bought at 110-115.
The other issue with Bt and high interest rates is that in the unlikely event a bid came in, it would not be a £3.50. At current price we would be lucky to see £2.