Member Info for fleccy

BT delisted its ADR's from the NYSE a few years back:

https://newsroom.bt.com/bt-announces-intention-to-delist-from-new-york-stock-exchange-and-terminate-adr-programme-and-to-deregister-and-terminate-reporting-obligations-with-the-sec/

BTGOF isn't traded on the NASDAQ it's the BT ticker on the US OTC market, which shouldn't be price affecting since it's Off-Book (Off Exchange); So BT isn't traded on US Exchanges.

Stitching the fabric

https://www.youtube.com/watch?v=aNmdutQ3-4k

Anyone know why BT's share price dips at the US open? Since BT stock isn't traded on the US markets.

I would say the chance of the Conservatives being in power this time next year is probably less than 10%. It would take a major political meltdown across all the other parties for me to change that view. I'm not going off the poll's, I'm just going off conversations I've had while out and about; Over the last couple of months I've not spoken to anyone who's said they're voting Conservative and someone I know who was a Conservative party member, previously volunteering to do leaflet drops, say they aren't voting Conservative this time around either.

Long may it continue, anyone know why?

"ORCA Computing, in collaboration with BT Group, hosted a demonstration day at BT Group’s R&D centre – Adastral Park in Ipswich for businesses, universities, data centre providers and users. Unveiling the vision of the ‘Quantum Data Centre of the Future’ (QDCF) project, the day showcased technology innovations to demonstrate how quantum communication and computing systems can integrate with classical data centres."

https://www.telecomtv.com/content/bt/orca-computing-and-bt-group-showcase-technologies-to-enable-quantum-datacentres-of-the-future-49842/

This British ISA is nothing more than a marketing tool for the Government, and possibly fund managers once/if it's approved. The Conservatives wont be in power next year, hence the unnecessary consultation period meaning they don't care about it and it wont be them implementing it.

"If there is a serious bid for Vodafone I'd expect at least £1. I know others say this is too low but you have to be realistic"

I'd suggest that a £1 bid would be unrealistic, since there's no way in the World the BOD would accept such a low bid. If Vodafone was a distressed company it'd be a different matter, but Vodafone isn't a distressed company so any realistic bid would have to be much higher than £1.

Anyone who has views on this can email the Treasury to tell them:

https://www.gov.uk/government/consultations/uk-isa-consultation

The Guardian says it's a gimmick and explains why.

https://www.theguardian.com/business/nils-pratley-on-finance/2024/mar/06/british-isas-are-a-gimmick-that-wont-move-the-dial

LTI I'm not going to discuss this with you any further, I'll end this Monty Python like conversation now.

https://www.youtube.com/watch?v=ohDB5gbtaEQ

"US withholding tax?"

That's only on dividends, most UK retail investors investing in the US are focusing on growth so Capital Gains is more of an issue for them.

I'd already decided that I'm voting Reform at the next general election Gate13Boy.

LTI I don't know why you've decided to argue in favour of tax breaks for investors in international stocks, don't you care about this country? Every retail £1 invested in US stocks is £1 that could have been invested into Lloyds, or other UK stocks, so I'd suggest that allowing tax breaks for investing outside this country disadvantages UK stocks. YouTube is full of video's encouraging investment outside of the UK, chipping away at the UK investment case. I'd suggest that disallowing international investments in the ISA wrapper would encourage more investment into UK stocks, due to the superior tax advantages it would give UK investments. The way things stand it's actually cheaper to invest small amounts in US stocks, than it is to invest in UK stocks, with commission free trading in International stocks and small FX fees why should they also get a tax benefit on top?

Hunt needed to do something radical in this budget, to encourage more retail investment into UK stocks, this extra £5000 allowance wont make any difference whatsoever; If he'd made ISA's UK stock specific, then that would have potentially pulled in up to £20,000 per annum into UK investments per ISA, and might have encouraged prospective US stock fans to invest in the UK instead.

With the narrative telegraphed in Video's like the one linked to below, UK stocks need as much help as they can get, Hunt did nothing today.

https://www.youtube.com/watch?v=OgzjQojzgFo&lc=UgzNiMJQ95xJWGb--x14AaABAg

Just to add to my last post, a useless waste of time budget by a useless Government, and this is from someone who's consistently voted Conservative in previous elections.

"Flec

''The British ISA is a waste of effort''"

LTI did you purposely cut short what I said? The full sentence was "The British ISA is a waste of effort if it's aimed at raising UK stock valuations."

"What you mean is that because you do not invest outside the UK, you do not want others to be able to within an ISA."

That's correct, I don't understand why UK investors get tax breaks for pumping up US and other international stocks. I've got nothing against people being allowed to invest in international stocks, I just think it should be outside of an ISA tax free wrapper. If the Government forced people to invest internationally outside of ISA's, they'd potentially pull in capital gains tax currently denied them. This country's stock market is royally f*c£ed if everyone decides to invest in US stocks, in preference to UK stocks, so why the Government encourage tax free investment outside of their home country is beyond me.

The British ISA is a waste of effort if it's aimed at raising UK stock valuations. We only invest in UK stocks, so me and my wife will be utilising the full £50,000 allowance across our ISA's, but there aren't many people who are in a position to do that. Personally I don't know the justification for giving tax breaks for investing outside of the UK, it makes little sense.

The British ISA is a waste of time if people are still allowed to invest in foreign (US) stocks within standard ISA's, I'd suggest the extra £5000 wont make any difference to diverting more retail investment into UK stocks.

"Is that not why you invest in Lloyds , dividends after all is a form of profit on your investment ..... yet to you , that is a 'useful purpose' ... wheneas my BTC profit isnt ?? .....thats very contradoictory Fleccy , surely ??"

PAS

There's a difference between investing in a company generating profits and paying dividends, and betting on the direction of a speculative gambling chip like Bitcoin. Your Bitcoin profit is nothing more than a winning bet, whereas my Lloyds shares generate dividend income year on year. Because Bitcoin doesn't generate profit or loss until you sell, the money is effectively dead money until you convert back to cash, whereas my Lloyds shares are yielding over 6% annual income with the prospect of an increasing dividend. Although a dividend investor wont make massive capital gains on their investments, dividends give you annual returns and the choice to compound through reinvestment, or buy stuff. As long as dividends are maintained, across all our holdings, me and my wife are on target for around £27,000 in tax free dividends in the next year; Currently, while our stocks are cheap, we are reinvesting our dividends to take advantage of compounding, since more shares lead to more dividends and the cheaper the stock the more shares you can buy with your dividends, meaning you get more dividend income in the following year.

"Oh, btw Fleccy..whilst you moan about the imminent downfall of btc, millions of people are making alot of money out of it's worthlessness lol."

Wadogara, Bitcoin doesn't pay dividends so anyone who bought at say $30,000, and are still holding their Bitcoin, haven't currently made any money unless they sell at the current price. A paper gain is unrealised, so it isn't real; The same applies to people who bought QBT at 3p and are still holding, a paper loss is unrealised so not real, if they sold today they would turn that paper loss into a capital loss which is real.

The people who are making money out of Bitcoin are the exchanges, ETF providers, connected YouTubers and the traders who dip in and out, the HODLers may be sitting on paper gains, but they need to sell if and when the market turns to realise a capital gain. Because of the way the market works you can bet the institutions will bail out long before the retail investors know what's going on, should the price take a significant turn.

PAS, Bitcoin has no useful purpose so it'll eventually be near worthless. Certain Bitcoin may have some sort of value, like the Genesis Block assuming someone has the private key, but I don't see much value in the other blocks since there are millions of them. Bitcoin is nothing but a ledger with a limited amount of storage space in each block, it takes vast amounts of electricity to process each block so it's also inefficient.

I don't deny that Bitcoin could go up from the current $67,665, but it doesn't mean it's useful

for anything, and it could just easily crash at some point in the near future. Personally I wouldn't go near Bitcoin because I don't believe in it, basically because it makes no sense. Think about it like this, anyone with the relevant IT skills can create their own tokens, Dogecoin and others are proof of that, so Bitcoin is easily replicated and therefore isn't unique. The bull case for Bitcoin is that it's been decided by the sector to promote that particular token over all the others, but BTC isn't any good for anything because of its 1 block every 10 minutes with only 1mb of transaction space per Block. If anyone needed proof that the World's gone mad, it's Bitcoin.

Other Proof Of Work tokens:

https://coinmarketcap.com/view/pow/