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Been very lovely, bought this when it was in the 30's and have no intention on selling until cinema's are reopen. 80's and 90's are nothing, if we can get back to normality this is a 200p+ so even now it's still cheap but the risk now is slightly greater with the prices going up and fluctuations until a re-opening timeable is announced than if you had bought a few months ago when it was basically a freebie.
This virus is killing off the elderly which in a purely financial view is (sadly) good for the economy. It means less cost on the govt (pensions, hospitals), more housing, inheritance to younger people who are more likely to spend. Watch in 2021 the economy and stock market will bounce back like never before - get ready and invest now and you'll see big returns... obviously DYOR and good luck.
I bought in at 30p... wish I bought more... going to dip in again at more than double the price now 65p and hoping it will keep climbing slowly but surely once brexit and US election is sorted.
Be patient and wait until Monday - It's not worth the risk buying more right now. Boris has said be prepared for no deal which is most likely outcome and it will fall again. If they manage to somehow get a deal on Sunday then get in first thing Monday AM as soon the market opens because it will continue to rise throughout the rest of the week.
is it worth buying right now even if there is No Deal?
I suspect it will drop into the 20's but I can't imagine it staying like that for long and should bounce back into the 30's so at least break-even.... whereas if there is a deal it should surge.
Advice?
Unsure whether tesco will make further gains it hasn't gone above 250 in 6 years so I am thinking this is the peak, time to sell and reinvest elsewhere where there is more scope for profit once the vaccine and brexit is sorted.
Glad I sold a big chunk of my BT shares when Covid-19 hit the UK and re-invested elsewhere where I've made really nice returns already and recouped a good chunk of my losses as the market is now showing signs of a recovery from the lows in early April. I've still got some BT which aren't even worth selling at the current market rate, thought I'd keep it just to collect a divvy but they made sure to put a stop to that! Just going to forget I have shares in BT and see where we're at in 3-5 years. GLA!
Hi Nightwatch, I rather not say how much but for me it's a big chunk. I invested in BT @ 324p so it's a huge loss for me. My dilemma is
(a) sell and swallow the loss, reinvest elsewhere where most likely i'll see a significant rebound - I've invested heavily already since the downturn and even this mild upswing the last few weeks has reaped rewards.
(b) wait another 6-12months and see where we at, but I'll have lost the opportunity by then to reinvest elsewhere as I expect the market to make a significant recovery by then.
(c) forget all about ever having BT shares and just think of it as a life time investment and pray the divvi's keep coming.
Chaps, where do you see BT in 6-12 months time? I am thinking of selling now but at a massive loss and re-investing elsewhere where there's bound to be significant rebound in the near future now that COVID seems to be hitting its peak and coming down, China have ended lockdown, etc.
Haha - pure frustration is what it is atm Heallywood.
I bought BT a good while ago, I'm down 60% as of right now. As fleccy has mentioned, yes the dividends are nice, and that is the reason why I kept ignoring the SP tumbling over the past 12-18 months, because I also thought I'd keep it for the long haul. But selling half of them now and putting it elsewhere where I expect a much bigger upswing with market recovery is what I've decided - lets see, its all a calculated gamble. I just don't see much going for BT for the foreseeable future but I hope I'm proven wrong.
Glad I bought into this a few days ago when it was hovering around 600p. Absolute bargain, govt is paying 80% of their staff wages, no business rates to pay for their buildings. Public will be rushing to the pubs once the lockdown is over, and even moreso, when the footy returns over the summer. The footy over summer months will draw people out and replace the euros.
You are really hanging onto 2025? That is so far it is quite ridiculous any number of pivotal changes can happen across the world to nullify whatever plan you have. Technology will keep evolving, govt policy can change, etc. I would ask the question whether you think BT will make any sort of recover post-Coronavirus. It will be gone by the summer, once June, July arrives with the milder weather across the globe. The next 3-4 months look bleak, but the latter half of the year should see good recovery across all markets. However I can't see BT outperforming others, there is nothing in there for the short to medium term to suggest this.
I've sold half my BT shares and put it elsewhere hoping they can make a good recovery in the coming months. JD is one I had my eye on but thats just had a 20% upswing today - wow! BT wll never achieve anything like in the long-term nevermind in one day.
Now I'm looking to sell the remaining half and put elsewhere too because the recovery is well on its way.