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Other than because the SP is low and some fear mongering around ‘now or never’ due to possibility labour get in, which won’t happen anyway due the fact that a significant proportion of people who when it comes to it would vote for the devil as he was about to devour their neighbour if it meant they could still call themselves conservatives, and some likely spin around ulez and who will be next for that one….is there any valid reason to think that a bid might be imminent?
Wrong side of the fence rodders? This isn’t a f&£in war and frankly I really can’t be a@sed with doing anything more than ask the odd question to the participants in this dumb p@£sing contest.
See you’ve overstepped the mark again and are about to get another red card. Guess we’ll haer from you again when you’ve dug out another email address so you can add to your incredibly long list of pseudonyms.
I’d suggest it’s far less complex Rodney.
People like to be told their money is safe and they’ve made the right decisions.
Consider it as fleccy providing a valuable, free of charge service to people seeking reassurance. And perhaps remember that just 2 years ago you were as strong an advocate of BT, worshipped the ground that the CEO walked on (and in a rather wierdo unmanly way the hair on his head), and would hassle, harangue and abuse any poster that said anything close to derogatory about him or BT in general, in much the same as you now hassle, harangue, abuse today’s ‘BT supporters’.
Have a good day!
Oh fleccy!
You’ve said again that the shares are cheap. One of the first shares I bought was marconi…when they were cheap. Shares are worth what the market is prepared to pay for them and over the last months unfortunately in BT’s case that has been less and less.
You’ve also referred again to the market changing their view on BT. They know everything you and I know and more (i.e. future cost reductions, completion of roll-outs etc). They analyse it to death. I’ll ask again, what do you think will change their views that they don’t already know?
And of course BT is impacted by global downturn and reduction in growth elsewhere. BT is very much a volume play. They invest in building networks, be that fixed fibre or base stations for mobile. The COST of that is to a large extent driven by geography and less so by number of users on the network. The RETURN on it is very much about loading the network with maximum possible paying users. There will be a network payback threshold, above that virtually pure profit. We absolutely need the economy performing to load the networks and for the business case to deliver.
I’m not sure which of you guys will be proved right but I think you both have sound theories; has drahi now a drowning man or has he had solid, sound advice and going to yet surprise us?
I agree, with in theory so many shares being tied up and hence demand short the price should be moving in a completely different direction.
I agree with fleccy too that jansen had a tough gig but with such high rewards I’m not inclined to sympathy and do believe we should be very demanding of whoever is in the role.
My theory is drahi has invested in BT on an ongoing basis because he perceives significant opportunity. I'd like to think that given the 'success' he's achieved in his business career this represents a positive indicator, however given doubts about the likelihood he will be able to progress to a takeover and that I can't imagine he's hear for the dividend, I have some concerns whether he's got it right and fear he could go from being a potential asset to a liability.
I do wonder if DT are hanging on because they believe they may have a possible crack at at least extended control.
As for my earlier question about 'what will change market', I think there's a big emphasis on the board do more to both convince them and to manage the political landscape more effectively. I've seen comments on here that 'jansen couldn't have done anymore' but personally I think if that's the case what's the point of having him in the role and the fact that he walks away with lumps of cash and options, rather than no bonus in the bank and with his tail between his legs, is a joke.
All that is clear from your previous posts…and it will be equally clear to the market who clearly aren’t moved by it in a positive way. So if they know it’s coming anyway what will change that means they suddenly buy-in to it and what’s going to convince all those dodgy investment and fund managers and their cavalier institutions to drop their corrupt ways?
And that’s all good fleccy but my question was ‘is the market and how it behaves going to change in the future’, because a strategy of keep pumping cash (because that’s what it effectively is, reinvested dividends or otherwise) is dependent on that for its success.
You regularly share a view that the market has got it wrong or is ‘corrupt’. I’m not questioning whether you’re right on that or not but only if it changes and ups the value it puts on BT will your strategy deliver a return. If not you’re basically throwing good money after bad, which if you take a set time period is exactly what you’ve done for the last 3 years.
I know you’re working on the basis, and placing your bets on the SP recovering significantly and as a consequence your total ROI be positive. I hope you’re right for your sake and mine, I was reinvesting my dividends up until a couple of years ago. However, the market can see and forecast BT’s prospects as well as you and I, so having called them out for ‘not getting it right’, what’s going to change them?
You sure Aus?
Isn’t there some magic within the universe where just when the holder decides ‘I can do with a bit of cash to spend now, rather than settle for just being able to look at how many shares I own’, the market suddenly decides it’s been wrong all along, replaces its metaphorical foot on the neck, with a big sloppy kiss, and before you know it the price has risen by 420%?
We always have a choice Rodney. Just too often we lack the balls to do anything other than take the ‘do nothing’ choice.
Besides, you can’t complain about your experience. You regularly try to feed people a donkey dung sandwich.