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longtimeinvestor.,
I would think twice about boasting about buying BT at 148.
There are loads of declarations of people boasting buying BT as to what seems at the time a bargain price. Sadly a few days later they find out that the price they paid was no bargain at all. Only 6 weeks ago I boasted at buying at 174. There are very few shares that have been a huge new bargain nearly every single month in the last 5 years. I think its time for DT to change its price projection again.
The arrogance of Toff knows no bounds.
"I have it on good authority that the market makers colluded to drive Lloyds down to 50p" What a load of rubbish.
Your just blaming everyone for your very poor financial judgment.
By the way Toff are the MM's to blame for the Coronavirus outbreak??
In the case of BT due to its level of debt ROE is meaningless. In its last accounts BT 's borrowing was nearly 180% to equity it is probably now 200% !!!! Having said that in reality its return could be said to be a respectable 7%. (That would be its return on equity plus debt)
I saw this on the telegraph site I could not agree more with these sentiments . No wonder BT is struggling so much they are pricing themselves out of the market.
"You couldn't make this cr*p up could you ? BT off doing its own thing as usual born out out of arrogance and petty, childish "it's my ball" attitude. Like the BBC its time it was broken up. The line rental rip off continues when fibre is installed as I know to my cost and they basically dictate what happens in telecoms in this country. Just like they used to do as The Post Office 60 years ago. As J Coles says below, time the masts were made a separate company and ALL mobile companies have access for a standard minimum fee"
Velo,
Well done, making any profit in BT at all is nothing less then a stroke genius. I bought at 174.4 idiot that I am and I am looking at a £360 paper loss. Thank god my other holdings are doing much better. But its not my my lack of judgment to why BT are so low. Its the fault of the market makers and because Lamtree is uneducated, lives in a council flat, went to a comprehensive school and voted remain. Have a nice weekend and avoid MM's in dark alleys.
Lamtree, Velo,
Ignore Capt Mainwaring/Sir Desmond Glazebrook.
Velo, I and the vast majority on here find your comments very informative and helpful. Do not take any notice of that self important twat and failed market maker. Hes a throwback to the middle ages. Please keep posing.
Lamtree,
Do not exaggerate Its not only the fault of the MM's the remainer's must also take some of the blame.
On a more positive note it would seem that BT might have reached its low. Even though though every time I have said that in the past they have always gone on to fall further. This time my intuition tells me its different. I know Velo does not like my intuition but that's what got me to sell my M&S and buy Next instead 3 years ago. I cant help it but intuition has worked for me (in most cases) !!!!
Toff,
It has nothing to do with market makers. What utter drivel. When it came to PPI Lloyds among the banks was by far the worst offender. They also tried to get away with it by "wrongly" rejecting 61000 claims.
Velo,
I like it. Carry on I just hope your not a suicide bomber. I had the exact same thoughts when the SP was 174 and bought a small tranche (£3000). I remember buying a "small tranche" (£2500) in RIO back in October 2008. The shareprice have quadrupled since then and am still kicking myself for not buying "big" back then. Well you win some and lose some. Its the overall performance of your portfolio that counts and I'm not complaining.
d955uk,
There are good rational reasons why all those companies have disappointed.
BT, CNA (British Gas) and RMG are all ex nationalied industries and (are) were all controlled by the unions which resulted in low worker morale and nearly non existent customer services. Have any of you ever tried making a complaint against Royal Mail or BT. Marks and Spencer is now only a shadow of its former self and its management has never come to terms that the future of retail is online. (You might want to consider what I did a few years ago I sold my BT and bought Next instead). RBS is lucky to be still around if it had not been for the governments rescue they would have gone bankrupt years ago. With you record I am surprised that you never mentioned Carillion.
NDNIC00,
My information comes from my nephew Motty who is a close confidant of Dr Christian Illek DT's chief financial officer. According to Motty many are well past the sell by date andstaff morale at BT is at rock bottom. That is the view at DT obviously I don't necessary agree.
DT is an example how a good telecoms company should be run. DT are now at a years high as opposed to BT being at a year low. It would seem that the only real negative thing about DT is their disastrous investment investment in BT. We should all pray that DT makes a takeover bid for BT. They were once seriously considering it but decided against as they felt taking on the inferior BT employees would have a terrible effect on DT staff morale.
Lamtree,
Having read Toff's comment blaming the MM's on eveything under the sun.
"Not only BT. About 70 percent of the ftse 100 has."
It reminded me of the following story.
An elderly man was driving down the M1, his mobile phone rang. Answering, he heard his wife's voice urgently warning him, "Toff, I just heard on the news that there's a crazy guy going the wrong way on the M1. Please be careful!"
"Hell," said Toff, "It's not just one nutter. It's hundreds of them!"
Again just using my intuition, somehow I get the feeling that Toff is a former Market Maker who lost his job.
Velo,
Good luck. I am not a chartist and do not consider myself an expert in any form. Intuition is what seems to work for me. BT seems to have stabilised and we are not seeing anymore the almost daily 1-2% falls. Is it just a pause for breath ? or has it reached its low ?. Only time will tell.