Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Here's an independent view from someone who's looked at the financials of the company over the last 10 years, and his thoughts on IAG:
https://youtu.be/Zb1OFdDcTXQ
Note: Having watched the review, I'm holding my position on IAG as the review shows its a steal at today's price, and will top up if it goes lower. The reviewer is not investing in IAG, but acknowledges its upside potential.
"Could bt merger with someone that's the question I have
Any comments appreciated"
This article from 5th January 2020 may give a clue with regard to Deutsche Telekom interest in BT..note also, that the DT CEO "has a seat on the BT board". And coincidentally, Deutsche Bank is constantly downgrading BT, thus creating an opportunity for possible takeover, if our govt allows it!
https://www.thisismoney.co.uk/money/markets/article-6560977/Are-Germans-coming-BT-FTSE-giant-rings-takeover-advisers-help-fend-bid.html
Double bottom ready for rise, long-term downtrend or going sideways? You decide!!
https://www.tradingview.com/x/WhjOyj60/
Notakin: "The Italian accounting scandal cost BT £500Mn yet wiped £2Bn off the share price. Someone care to explain to me how that worked ?"
The clue may lie in the fact that BT bought EE from Deutsche Telecom with cash & shares. I believe DT owns 15% of BT shares. After the Italian scandal DT gave those shares to an offshore hedge fund to manage, so yes the shareprice can be manipulated.
Yes, I've got William Hill on my Watchlist too.
It looks like they've been down as low as 28p, so anywhere near that price would be a tempting price to buy in.
I lost money on Capita too, from the time they were over £6 a share!! Again, cut my losses at £1.61 and bought 1000 back in again at 28p a share!! Again, that is a buy and hold for me.
Purple Bricks is the other one I'm holding onto to see how they fare - bought 1000 at 27p a share!!
I believe the opportunities are going to keep coming up during the coming months, but I'm more willing now to sell things even if it is for only a small gain.
Toff: "You can start by cutting the umbilical cord that links you emotionally to BT. BT is not a relative, A person. It’s a company. So stop treating it as your nearest and dearest."
I am guilty of being emotionally attached to BT. I've held the shares since they were over £4.50!! It seems like every time I blinked, BT went down another £1 and now look where we are. Since it went below £2, I've been selling and buying back - making gains on dividend plays on RMG & RBS. But each time I've bought back, they've gone down again. Since Covid-90 reared it's head and the Russians refused to play ball with the OPEC countries, I've sold about 50% of my BT shares and held onto my cash!! Like some others on this board I'll buy back when the time is right... I might miss the big rise when and if it comes, but at least I've held onto my cash.
Now, the case in point is my experience with Centrica (CNA). I bought 1000 of these when they were around £1.50, they went up and I held onto them. Then next thing I knew they were down to £1.20 - so I bought another 1000, hoping they'll rise. They fell down to 72p and I bought another 1000!!! They went up to around 95p around election time, but on 27th February this year they dropped again to 76p, so I sold the whole lot of 3000 shares for £2,287.
On 18th March, I bought 1000 CNA shares for 37p a share which cost only £294!! I could have bought all 3000 shares back for under £900! I'll buy more if the price goes down below 30p, but in the last few weeks this share has actually showed a small profit for me and at the price level I've bought in at now, I'm happy to hold for the long-term.
Toff:
I've been selling my BT holdings and converting to cash - at present there's just too much volatility in all the shares to know whats going to happen. I still have quite a few, but the cash in hand has enabled me take a gamble on the likes of RDSB, Aviva, Persimmon etc., small stakes, but I agree with you - when these other companies lift off, the share price does climb rapidly.
I know the pain of emotional attachment to a share like BT and Lloyds, both of which I've held for years!! Yes, the dividends don't soften the blow of the capital loss.
I for one appreciate the different inputs, especially informative and factual content, so thanks!
Toff:
Thanks for the advice - I'm already invested heavily in BT, but shed some shares on the way down to stop the capital loss becoming huge!!
Will see what happens tomorrow, and decide on getting back in tranches if its going in the right direction.
Being in a cash position allows one to decide on some of the other opportunities around, and I'm thinking on spreading the net a lot wider now than a heavy investment in a single share! Good luck to everyone tomorrow!
A question for Toff:
Has the BT dog woken up and we have solid trend upwards towards £2, so time to reinvest?
Or is this really a dead cat bounce? May we have a new prediction!
Note: Following trade executed today at 16:35
17 Mar 16:35:10 121.20 15,996,567 Sell 121.20 121.22
Toff
"Surprised you bought BT if you were looking for a quick gain."
No, it was to reduce the size of my already huge losses on this share - been holding since heady heights of over £4.50!!! Yesterday it had actually headed up northwards and was holding its own until the US markets opened. Lloyds has been a disaster too - another long term holding disaster!!
Toff:
"I know however much I pay they’ll always drop more..."
Good advice to buy in tranches, rather than one big investment.
I have bought small tranches, but stuff I've bought has just kept dropping forcing me to retract from the stock to see if a better buying opportunity presents itself.
Actually, bought some BT shares at 126p yesterday when it was going up toward 130 - and despite all the positive budget news, the share price decided to go down. Today, I sold them for 112p... its crazy times!!!
Toff:
Thanks for sharing your favourite stock recommendations - which I would suggest is a far more constructive discussion than the personal attacks proliferating on this board. I'm looking to sell more of my BT to invest in some of the other opportunities becoming available.
Your comment regarding the FTSE100 in the fives:
"On a more upbeat note, I expect a swift rebound from the fives."
Looks like we're diving deeper into the fives, and any sign of a swift rebound seems premature. Whats the prediction now?
Avro:
Yes, I lost money on both Carillion & Capita too!! I was holding onto Capita and even bought more at 158, it went even lower.. In the end I sold the lot and bought RMG when they had a 17p dividend - clawed some money back - but even RMG has gone down from its highs of over 244 just after the election to 174p today!
All these businesses are still functioning, the government is quite happy to take our UK PLC debt into more trillions but if a companies debts increase as they restructure things, its literally destroyed by the markets.
Toff:
I am with you. Everything I've bought in last few years has ended in disaster, big losses all around. Its not just BT thats affected - MKS, RMG, SLA, CNA, RBS.. all our companies can't be that bad.. Deutsche Telecom received 15% of BT shares for the EE sale and gave them to an offshore hedge fund.. my gut feeling is that the market is being manipulated by powerful people in Europe (Germany & France) to make us pay for Brexit..my opinion..
BT shares 5.5 million sold, 17.8 million bought - more than 3x difference - yet share price nudges only 2.08p UP!!!!
Guess we have to be glad it has n't gone down!
Maybe we should set up our own BT shareholder site spelling out the real value of BT shares based on fundamentals than these brokers who don't justify their target prices.
Hi Thanglan, lets see what tonight brings - most of the boards, the stockmarket and me, seem all to be praying for a Boris win even though our friend Toff would welcome any change to rock the Market Makers in their cushy boats!!
Hi Toff
Just want to say a quick thanks for your posts on the corrupt Market Makers and how we're all being ripped off by this scum.. as a long-term holder of BT shares, I've seen my shareprice deteriorate over the last few years. I own Centrica too, same seems to be happening with them and Royal Mail. I can't believe how the FCA can just sit there and do nothing!!!
Thanks again for your efforts trying to get them to take some action.