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Well it is looking good and the fundamental principle is that it held above £2 last week amid the big drops in the SP.

Really hope that £2 is the next support level and we can carry on upwards towards our next target of £2.50.

GLA.

Yep - its not good. This phase has always been about consolidation and finding the next support level.

Lets hope by end of next week its above £2. Although it is a shame that its suddenly hit a brick wall and on a slightly downward trend. Could be the MM's really pushing the price down in readiness for another rise. Who knows. It's always a wait and see game with BT.

Regards.

Just as things were getting a little interesting the SP seems to have hit a Wall and is now somewhat on the retreat. Here's hoping that the next support level is above £2. At least if it stays around this price those of us who are DRIPPING will accumulate a few more shares.

As always GLA.

Can't fathom it out and hoping it's just profit taking. I guess we will see further fall especially after the divi date.

GLA.

Wonder how much AKO Capital have lost on todays trading? Well I suppose they wouldn't lose anything until the sell there options. They might as well take the hit - Its only seems to be going up. . . . . . . .

Nope BobsBank surely it was a typo and they meant £2.30 . . . . . .

Yep - Looks like it's certainly what the Market was expecting and wanted. In amongst all the reporting there must have been something positive. A spike like this doesn't normally happen when a company are a little on the back-foot.

Somebody, Somewhere obviously sees something longer term in the SP. Slow burner but steadily climbing and long may it continue.

Next stop £2.50. But before that lets hope we can consolidate at around £2.20.

GLA.

Mulder, in addition to the brokers what about the poor folk like us and the fund managers who will probably act on his recommendations and sell up only to find the share continuing to climb.

You can't make this stuff up. The more they rebuke BT the higher it seems to climb.

See you all circa £3.

GLA.

Hi All,

Does anyone know if this programme is still going and how much is left of the share buyback programme.

GLA.

Interesting Aus3009,

AK has provided an update of the financial situation which isn't fantastic. However, the way I see it is BT surely can't keep on losing customers hand over fist without Improving Customer Service and Implementing Solutions. No company would take that sitting down.

We have also got to factor in the ALT Nets and their desire to consume vast amounts of Capital which will eventually run out and where does that leave them. AK has already stated that the Telco sector will see some consolidation in the not too distant future. Let's hope it will lead to more customers for BT.

IMHO the market has got wind of what direction BT are taking and they like it. £3.00 and I will be re-evaluating my position. If all is well I will probably ride up to £3.50 £4.

But who knows this is BT we are talking about and there have been so many false dawns we could not predict.

GLA.

BT revenues might shrink but hopefully with all the new FTTP being installed it will offset some of the lost revenues.

IMHO hoping for a downturn to £1.30 is quite optimistic. I know for one I will not be selling a single share of mine until they have breached £3.00 whenever that may be. Three, Five, Ten plus years I don't care I will wait.

All that matters is that the Markets like what the see. So ride the swell, and Undulation before it breaks and levels off.

GLA.

Yep lovely little tick up to £2. If there are no nasties I can see this rising to £2.50 before end of year.

It's on a great upward trend and great support in the £1.90 range. Once past £2 there will be no stopping.

GLA.

Hi Geordie,

To answer you questions Dividends are paid twice a year Full & Interim but this is not guaranteed and will only be paid if the company is doing well. Once a share has gone ex-divi means its the record date and if you held shares on that date then you are entitled to the Dividends.

The full divi for this year is 5.76 once announced I don't think it can fluctuate. CGT is not payable if you shelter your shares in an S&S ISA.

I hope this helps.

We have been close before only for the SP to retreat somewhat.

My guess is that by this time next week we would have broken through the £2 barrier. Then the next support level will begin to form and with some drip fed good news we could see circa £2.50 end of next year.

All IMHO of course.

GLA.

Ok guys,

Anyone got any thoughts on yesterdays results. Seems to have gone a little quiet and the market is not sure which way to turn regarding this Share. Seems we are treading water once again. Hopefully we will keep above £1.90. It's a struggle to get past £2.

GLA.

TBF I agree Terra. This is a slow burning share - has been for the last 3 years. I don't see it changing unless we have some sort of significant announcement by AK. So long as it keeps on the upward trend would be fine by me.

GLA.

Looks like we will be treading water until results day.

Then hopefully we will see a breakout past £2.00. And a steady uptick to £2.50 in the next few months. Onwards and upwards.

GLA.

Any idea when this is going to be concluded. I was under the impression that lloyds & other banks had set aside monies if the lose the court case?

GLA

Well it certainly looks like the support levels of £1.90 have held out well.

We are now seeing highs not reached in 5 years. It won't be long before we see the breakout past £2. From that position who knows where we will be EOY especially if the update from AK brings good news.

GLA.

TBF they way things are moving in BT and the pace of change that is happening It wouldn't surprise me at all if we see £3.50 at some stage in 2026. The market likes it and that is all that matters.

All IMHO Abject.

GLA.