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BT will only be partially nationalised. At the moment the market is valuing BT at less then 20 billion. This is in everyone's opinion far less then its real value. BT's real value is probably between £3.50 and £4.50 The government will be forced to pay its real value. Whatever valuation they put (even if its on the cheap as you put it) will be much higher then its present price.
In my humble opinion this is the best thing that can happen to BT
Why does not everyone look at the bright side. This is wonderful news for BT. BT will be underwritten by the taxpayer. The real threat to BT over the last decade has been the competition from Sky, Virgin, Vodafone and Talk Talk. BT can now comfortably revert to its old culture and rely on the government to bail them out whenever they do something wrong.
The only reason that Bt's share price never shot up is because the city does not yet believe Corbyn will be the next PM.
Democracy,
I can actually see the shares hit £10
With the way BT's share price is performing they must already seriously be considering a reverse stock split (share merge) Now if they were to do that on a 1-6 ratio or even better on a ratio of 1 - 20 the share price will be well above £10.
BT have completely lost it. I am a Plusnet customer I upgraded to 4g six weeks ago. I was told that they would send me a new sim within 3 days. The new sim never worked so they sent me another sim. They tell me that EE has a glitch and it will be sorted out within 24 hours it is now 5 weeks . Today they told me that as yet they have not sorted it out and they are unable to give any indication how long it will take. With such poor service is it a surprise that Virgin is dumping them!!!
BluePete,
This has now really gone to my head. It is now very obvious that my views have an immediate effect on the share price. Since I announced just two days ago that BT was good value the shares dropped 7p lol. The problem is I still think they are good value OUCH!!!
I have reconsidered my position in regards to BT and I have decided to hold on to them for the medium term.
Its PE is good has a good cashflow and even though the dividend is likely to be cut it will still be above 4%. Also its present management seems to be creative. In summary BT might not be particularly exciting but is good value.
Velo what would you do?
I initially bought BT at 203 with the intention of selling at 215 they subsequently went down I then bought a second lot at 180.3. I am now wondering if I should not be greedy and sell now rather then wait until 215. I also bought Lloyds at 52.5 and the at 51.4. I am not sure what to do.
Sometimes I get lucky and get it right.
This is what I wrote on the 20th of September.
"BT has had a very good 2 weeks. The question is was 159 the bottom?. The jury is still out. I believe the share price need to reach 190 in the next 2 weeks to finally say the turnaround has come. If they do reach 190 in that time scale it will not take that long for it to go above 200."
Well I was wrong it did not reach 190 in 2 weeks - it took 3 weeks. And once it reached 190 it took off.
For all of you who reinvested your recent dividend things are very disappointing. The share price has now fallen every day this week. At the present moment it looks extremely unlikely that the share price will reach 190 any time soon.
BT has had a very good 2 weeks. The question is was 159 the bottom?. The jury is still out. I believe the share price need to reach 190 in the next 2 weeks to finally say the turnaround has come. If they do reach 190 in that time scale it will not take that long for it to go above 200.
BT has had a very good 2 weeks. The question is was 159 the bottom?. The jury is still out. I believe the share price need to reach 190 in the next 2 weeks to finally say the turnaround has come. If they do reach 190 in that time scale it will not take that long for it to go above 200.