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Toff,
"BT is a long term buying opportunity" Everyone was saying 5 years ago that BT was a lonf term buying opportunity. Toff what period do you consider long term? In market term anything over 3 years is considered long term. If you had invested in BT 3 years ago you would be now nursing a huge massive loss.
2 weeks ago I bought at 174.4 and someone on here told me how lucky I was as it only touched that level for a few seconds. I did not have to wait long 24 hours later it was at 173. This stock is not a good buy not even a goodbye it should be a good riddance
COE bought at 204 just a month ago. Fleccy, Toff, NIge, do you still rely on his judgment???? I predicted a few days ago in jest that BT will hit a new low in February. Its not a joke anymore.
If you have a the philosophy of buying on dips then BT is your best choice. The only ones celebrating are those of you who are keep on talking about buying on dips. Those of you that missed buying on this dip do not fret. I can promise you that there will be many many more opportunities on buying on dips. I cant promise you daily 5% dips. However between 1-2% is the norm. Do not get scared off about periodical rises. They have never lasted for more then a few days. Wow I wish I could type faster When I started typing it had only dipped 4% now its 5% no its nearly 6%.
CAN YOU SPOT THE DIFFERENCE
Deutsche Bank - currently valued at a paltry £14 billion
Down from £80 billion pre- financial crisis
They really know what they’re doing.
DB is a busted business model - a burnt out shell of its former self
And tha t’s reflected in its shareprice.
British Telecom- currently valued at a paltry £17.5 billion
Down from £100 billion from its peak
BT is a busted business model - a burnt out shell of its former self
And tha t’s reflected in its shareprice.
Can you tell me the difference!!!
Toff,
Deutsche Bank - currently valued at a paltry £14 billion
Down from £80 billion pre- financial crisis
They really know what they’re doing.
You do have a point about DB.
However I could say exactly the same about BT
British Telecom- currently valued at a paltry £17.5 billion
Down from £100 billion from their peak
They really know what they’re doing.
In summary your right about DT
DB is a busted business model - a burnt out shell of its former self
And that’s reflected in its shareprice.
But exactly the same goes for BT
BT is a busted business model - a burnt out shell of its former self
And that’s reflected in its shareprice.
Can you tell me the difference!!!
Nige, Fleccy.
Sorry I am still not following your logic.
In regards to BT's performance we are not talking about short term blips. BT has now been falling relentlessly for nearly 5 years. Directors and their wives have bought shares in the past. If anything BT being a boring defensive stock should have gone up today. I guess it could have been worse the rest of my portfolio has performed even worse.
Nige,
"What gives me confidence is BT's CFO Simon Lowth purchasing 425,057 shares @204p on 19th December 2019.
This speaks volumes. "
I must be thick. This should be every reason to lose confidence. Yes Lowth buying those shares at 204p just a month ago speaks volumes. It speaks volumes of his complete lack of judgment of where the share price is going. It has fallen nearly every single day. If it wouldnt have been for Xmas, Boxing day and the New Year the share price would be even lower. It has now fallen well over 20% and falling between 1-3% every single day and shows no signs of even pausing..
Edfun,
I think a 25% cut in the dividend is what most analysts have been forecasting. I find it scary as the present share price is suggesting that the cut will be much more substantial. At 171p a dividend of 11.23p would be nearly 7%. In my limited experience that is way to high. So either the share price goes substantially up or the dividend is cut drastically. Take your choice.
Bertam,
I enjoy the banter on here and there are loads of people who you can easily wind up.. All my other investments are boring and basically just move with the market so there is nothing to chat about. The BT bulletin board has an average of 150 comments a week whilst my other holdings barely have 5 a year. Take an example one of my shares Diageo that is four times the size of BT and has risen 50% in the last 3 years has about 10 comments a year.
Illbetabuck,
I am still waiting for your clever explanation. At the same time you could also explain to why you were invested in Sirius. I guess being stupid I might never understand what made you invest in Sirius.
Toff,
Yes I admit I made a mistake. Hopefully I will now learn from that experience.
You win some and lose some.
Looking at it another way my portfolio is up £4500 today so a loss of £60 on BT is not all that significant.