opinion only21 Jul 2018 09:46
Re velo and BT share price. See share chart above - 2014 -£4-50 and steady, a rush up to about £5-00 then 4 years of steady decline to £2-20. A virtual straight line. Now a steady trading range of £2-00 to £2-20. My feeling is 3 things are needed to 1stop the down the down trend continuing and 2 start a price rise. First, a comprehensive, viable and credible /acceptable and understandable business plan. Second - the production, with evidence, of an improved financial state. Third a creditable way of reducing the pension burden in this continuing low interest rate climate. ( easy to cook 'the pension burden issue' books when interest rates are at 3% or more) My conclusion is a longer term upwards trend is at least 6 months away. Any one of the 3 issues being addressed will of course lead to a rise only to be followed by a return to the down trend. BT remains a long term hold and a buy for the divi. IMO