Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
ToffAppleton1,
Is he any relation to Humphery Appleby.
Does not Toff remind you of Sir Desmond Glazebrook.
[discussing a potential appointment]
James Hacker : Would you recommend him?
Sir Desmond Glazebrook : No.
James Hacker : Why not?
Sir Desmond Glazebrook : City's a funny place, you know, Prime Minister. If you spill the beans you open up a whole can of worms. I mean, how can you let sleeping dogs lie if you let the cat out of the bag? Bring in a new broom and if you're not very careful you find you've thrown the baby out with the bathwater. If you change horses in the middle of the stream, next thing you know you're up the creek without a paddle.
James Hacker : And then the balloon goes up.
Sir Desmond Glazebrook : Obviously. They hit you for six. An own goal in fact.
Does not Toffs defense of BT management remind you of Glazebrooks drivel.
You want to know the difference
BT is losing revenue, Ocado is gaining revenue. lol
BT is losing revenue. Royal mail is losing revenue Surprise surprise!! they were part of the same rotten company until 1981.
Betram,
Do not blame Gollom, Lamtree or me . We are not to blame It is all down to the market makers.
It has nothing to do with revenue going down and debt going up.
By the way the reason why Ocado is liked by the market is because even in today' depressed market it has bucked the trend and is increasing its revenue. (NOT LIKE BT)
I would not disagree with Wikipedia's definition of TOFF!! LOL
In British English slang, a toff is a derogatory stereotype for someone with an aristocratic background or belonging to the landed gentry, particularly someone who exudes an air of superiority
Lamtree, Gollom,
You are so right about Toff. The guy is so so arrogant and does not have a clue.
This is what he wrote about me on the 31/01.
OMFG - Fevertree. - you have bought a share in a downtrend. A former market maker darling which was ludicrously overvalued.
A tonic water maker - once valued at £5.5 billion (more than Sainsbury & Morrisons) by clueless MMs. until reality visited in their last trading update.
Toff
Check the price just 2 weeks later it has gone up over a pound.
I have no idea if its true that Gollom was a former BT employee. If he is he will be the first BT or ex BT employee that I have been impressed with.
I know many present and former employees of BT and through their acquaintance it does not surprise me why the company performs so badly. Their arrogance is unbelievable, Every single one of them thinks they know it all and are gods gift to humanity. If they ever make mistakes and beleve me they make loads its always someones else's fault.
"Actually the BT guys I've worked with in the past have been good at what they do"
As a former customer of BT I am afraid I can not agree. I think you will find the vast majority of former BT customers will say their experience was different. I found the BT guys I dealt with were arrogant and were always right with a total lack of ability to accept criticism.
"MARKET CAP HAS NOTHING TO DO WITH DEBT FINANCING, IT'S ABOUT HAVING THE INCOME TO SERVICE THE DEBT."
I have some experience in the finance market and I can assure you that debt financing is only one element that potential financiers look at. In my experience the value of the investment is a major consideration. For example if you owned a property that was valued at 10 million and on that basis a bank lent you 7 million. If for any reason the value fell to 8 million the lender under no circumstances will consider loaning you 7 million even if the income will cover the interest many times.
I agree with a lot of whats been said here. However if a credit rating cut is on the cards. I can not see how a 500m cut in the dividend will stop that. At the moment debt is £3 billion above capitalisation 500 million is peanuts. Does anyone know what the cost is of the FTTP roll out.? I am just asking as I think in its present position BT might have a serious challenge of convincing bankers to come up with the money.
At the moment DT have no incentive to sell. I guess at some level BT must become a bid target. I am not sure exactly how these things work I guess if anyone was thinking of making a hostile bid they would approach DT and try to obtain their holding. Maybe Toff would know more about this and he could give a view.
poker,
The price might be the same and they are both in the telecoms sector but the similarity stops right there.
Vodafone are up + 6.05% for the year. BT Down -32.87%
Vodafone capitalised at 41 billion. BT at 15 billion.
I would not be at all surprised if their present respective share price is a result of investors moving out of BT into Vodafone.
Fleccy at least you holding Vodafone should offer you some comfort.