Member Info for fleccy

Ultimately BT will do whatever they need to do. I suspect all the buildings no longer required will still be closed, but staff given the option of working from home where feasible, Covid's proved that the working from home model works, so it probably suits BT to move in that direction. Since most of the building closures will likely affect unmanned sites anyway, there's probably no impact on CWU members, and where Exchanges earmarked for closure are staffed, they'll probably relocate the Engineers into different roles, within the same geographic area. The PSTN switch off isn't until the end of 2025, so BT have plenty of time to work out how to help out the younger Switch Engineers, who work on the Exchanges. The older dinosaurs will likely want to go anyway, rather than retrain, so I don't see this as changing anything. Of course this is just my opinion.

"What’s impact of India operations ? Any more liabilities?"

I seem to remember Vodafone has already written down their India operations, sating that they wont invest any further cash there. The India Government has done everything possible to make life easy for Jio, and difficult for the rest.

"But the fact is that regardless of this apology, the bigger issue is that Vodafone has written off their India investment to zero. Also, the buzz is that neither Vodafone nor Aditya Birla Group, the other owner of Vodafone-Idea, is keen to bring in new money into the company."

https://www.bbc.co.uk/news/world-asia-india-50429844

Should have typed my last post a bit faster, was distracted by other stuff lol. My BT and Lloyds shares are looking a bit sad currently, Vodafone down too, but not quite as bad. Must be the 3rd/4th wave fear, can't think of anything else.

Looks like the European markets are looking at opening down, I don't understand why though. The FTSE has been particularly bad recently, yet Boris has confirmed Covid restrictions are ending on the 19th July, so what is going on? Is it fear over a possible 3rd/4th wave on the back of the Delta variant? Is it inflation fears? Has me baffled.

"A guy like this must have a plan, just intriguing as to what it is."

I agree, he doesn't come across as a passive investor type.

Raymondo, to underline my point, here's a one month chart comparing all three.

https://www.google.com/finance/quote/BT.A:LON?sa=X&ved=2ahUKEwj89PWpgNHxAhUaEcAKHXa2AE8Q_AUoAXoECAEQAw&comparison=LON%3AVOD%2CLON%3ALLOY&window=1M

"So do you think Drahi is telling porkies when he says selling OR is not his motivation?
Seems clear to me that the comments attributed to him have coincided with the sp retrace"

Vodafone and Lloyds have also retraced recently, Drahi's comments may account for a little of the drop, but certainly not most of it. Drahi's comments were aimed at reassuring the CWU, and the Openreach employee's imo. BT is currently down around 8% from the recent highs, and I've seen much bigger swings during my time invested in BT. The current drop in various stocks is slightly baffling to me, this close to the UK fully reopening, so I put it down to the market power brokers playing games.

"Morning guys BT seems to be drifting down from heights of 206. Do will have any good news in the pipe line to stop the drift even lower. "

It will go where it goes. I'm in for the very long term, so dips don't really matter that much to me. "Justin Le Patourel v BT Group PLC" is still awaiting a CAT decision on whether to allow a court case, that might have a short term impact on the price, or it could be just market games. The market finds any excuse to knock BT, while the likes of Drahi are mopping up large holdings in the background.

The market illuminati have forced UK stock valuations down for years now. I'm not sure of the reasons, could be Brexit, easy regulatory conditions, or ploughing a path for Private Equity bids, but UK based stocks do appear to cheap and targeted as potential retail shakeouts, with private money stalking in the background.
Anyone who doubts my view, just look at Morrisons.

"Shares in Morrisons surged by 11% on Monday to 269p. That took it well past the 254p per share offered by Fortress over the weekend - itself a 42% premium on the retailer's share price before the offer period."

https://www.bbc.co.uk/news/business-57718738

Actually BT didn't do too bad today, I'm invested in Lloyds and Vodafone and BT did better than both of those.

https://www.google.com/finance/quote/BT.A:LON?sa=X&ved=2ahUKEwij0-nkyM7xAhUGDsAKHR2_A0oQ_AUoAXoECAEQAw&comparison=LON%3AVOD%2CLON%3ALLOY

"fleccy, do you record such data by yourself?"

I just run run Finance functions on Google sheets, and play around with the data.

https://www.google.co.uk/intl/en-GB/sheets/about/

=GOOGLEFINANCE("LON:BT.A", "ALL", "01/06/2021", "11/06/2022","daily")

https://docs.google.com/spreadsheets/d/e/2PACX-1vTsTa4mxT8tj5auXuLo5IjUdhVtXIkdcmupSBob3N7-QDnUymI_WbfVmowH0UQoZFr0KderADoq3RDN/pubchart?oid=156812212&format=interactive

https://docs.google.com/spreadsheets/d/e/2PACX-1vTsTa4mxT8tj5auXuLo5IjUdhVtXIkdcmupSBob3N7-QDnUymI_WbfVmowH0UQoZFr0KderADoq3RDN/pubchart?oid=2119026764&format=interactive

You can produce and publish charts for free, which is a bit of fun:

https://docs.google.com/spreadsheets/d/e/2PACX-1vS4gJMsDAQq9sJ_zHqi_JnoVTryAdb4X64c7Clw12E2sGT3N6dTJfB60O8bc5Ns4burXvSSCVFrLvWC/pubchart?oid=1937898192&format=interactive

https://docs.google.com/spreadsheets/d/e/2PACX-1vSRXB-1sxAle72GnkR-SF0E5QD6RHPSYGlVVvm1KqTmzBlulSEsSRTGIIj2DVBgZyM684m-9f7E61T1/pubchart?oid=1613401209&format=interactive

"fleccy, do you record such data by yourself?"

I just run run Finance functions on Google sheets, and play around with the data.

https://www.google.co.uk/intl/en-GB/sheets/about/

=GOOGLEFINANCE("LON:BT.A", "ALL", "01/06/2021", "11/06/2022","daily")

https://docs.google.com/spreadsheets/d/e/2PACX-1vTsTa4mxT8tj5auXuLo5IjUdhVtXIkdcmupSBob3N7-QDnUymI_WbfVmowH0UQoZFr0KderADoq3RDN/pubchart?oid=156812212&format=interactive

https://docs.google.com/spreadsheets/d/e/2PACX-1vTsTa4mxT8tj5auXuLo5IjUdhVtXIkdcmupSBob3N7-QDnUymI_WbfVmowH0UQoZFr0KderADoq3RDN/pubchart?oid=2119026764&format=interactive

You can produce and publish charts for free, which is a bit of fun:

https://docs.google.com/spreadsheets/d/e/2PACX-1vS4gJMsDAQq9sJ_zHqi_JnoVTryAdb4X64c7Clw12E2sGT3N6dTJfB60O8bc5Ns4burXvSSCVFrLvWC/pubchart?oid=1937898192&format=interactive

https://docs.google.com/spreadsheets/d/e/2PACX-1vSRXB-1sxAle72GnkR-SF0E5QD6RHPSYGlVVvm1KqTmzBlulSEsSRTGIIj2DVBgZyM684m-9f7E61T1/pubchart?oid=1613401209&format=interactive

"Hello robleo. & S.I.D.I. Back to 200 level? wow, we can only dream at the moment."

Dan, Telecoms is an out of favour sector. The market uses excuses like investment in 5G infrastructure, and purchase of frequency slots, etc to justify hammering the sector, but seems to let other sectors off the hook for their spending requirements/commitments.
Ryanair is a good example, it's share price is currently sitting at pre-pandemic levels, yet RYA has burned through billions of its cash reserve, and incurred losses on top due to Covid. RYA is replacing its fleet with the new fuel efficient Boeing 737 Max, which could be compared to Telecoms investing in new infrastructure and tech, and has orders in place for 210 737-8200 Max's which will come at a guestimate of around $60 million per unit, (50% of list price), totalling around $10.5 Billion, I'm guessing; Not far off BT's initial FTTP rollout costs, yet I read nothing about the Green investments facing airlines, and how it will be paid for.
I used RYA as an example of how the market is gaming certain sectors against others, and the disparity in treatment dished out by the vested interests. At some point, the Telecom narrative will turn positive and the likes of Vodafone will rise significantly, but only when the big players want it to.

Pretty much sums up my thinking about the gloves coming off. I'm wondering when we'll start hearing complaints from the Altnets. What I don't get is why Telecom companies are nailed down, whereas the tech giants are allowed to become Trillion Dollar companies. The Telecom companies facilitate the Tech companies business models, yet are forced to give them discounted access through Net Neutrality rules.
It's no wonder the UK has few Global giants, since regulators or successive Governments consistently undermine UK based companies. It seems that if a UK company has a competitive edge, it has to be either pinned down through regulation to allow eventual foreign takeover, or any advantage wiped away to the advantage of foreign entities. We seem to to be the only country playing by the rules, it's about time the Government allowed national Giants a free hand, which might allow them to grow globally.

Sorting error lol. If you're interested 04/06/21 was actually 63rd in the list going back to 2016.

30/06/2017 16:30:00 3227121
28/06/2017 16:30:00 3260808
19/06/2017 16:30:00 3540017
23/06/2017 16:30:00 3655784
22/06/2017 16:30:00 3955627
23/12/2016 16:30:00 4158835
26/06/2017 16:30:00 5168495
31/12/2018 12:30:00 6324904
25/08/2017 16:30:00 6376968
30/12/2016 16:30:00 6779988
29/12/2016 16:30:00 7010377
29/12/2017 13:15:00 7160147
24/12/2020 12:30:00 7797172
31/12/2019 12:30:00 7955040
28/12/2016 16:30:00 8124093
24/12/2018 12:30:00 8365205
24/08/2016 16:30:00 8618588
26/08/2016 16:30:00 8667763
09/09/2016 16:30:00 8672165
25/08/2016 16:30:00 8731282
23/08/2017 16:30:00 8820947
19/08/2016 16:30:00 8821932
05/01/2016 16:30:00 8835111
21/06/2017 16:30:00 8950203
25/11/2016 16:30:00 9102275
22/11/2016 16:30:00 9178756
18/08/2016 16:30:00 9180044
24/08/2017 16:30:00 9290251
05/09/2016 16:30:00 9805879
26/05/2016 16:30:00 9818058
29/06/2017 16:30:00 9859389
17/02/2020 16:30:00 10009363
22/08/2016 16:30:00 10076005
10/04/2019 16:30:00 10083404
13/01/2016 16:30:00 10121566
30/12/2020 16:30:00 10150000
18/01/2016 16:30:00 10232875
23/08/2018 16:30:00 10325817
25/07/2017 16:30:00 10327216
17/08/2020 16:30:00 10621307
27/05/2016 16:30:00 10674851
11/07/2017 16:30:00 10727493
24/08/2018 16:30:00 10792508
21/08/2017 16:30:00 10890945
31/12/2020 12:30:00 10971461
03/08/2017 16:30:00 10995629
21/12/2016 16:30:00 11146025
06/06/2016 16:30:00 11154453
07/07/2016 16:30:00 11159066
03/05/2019 16:30:00 11177485
08/09/2016 16:30:00 11191553
04/01/2016 16:30:00 11237676
23/08/2016 16:30:00 11259218
03/06/2016 16:30:00 11274062
20/09/2016 16:30:00 11299711
10/07/2017 16:30:00 11307783
06/12/2017 16:30:00 11334917
18/04/2019 16:30:00 11337295
24/10/2016 16:30:00 11385898
08/04/2016 16:30:00 11398612
15/08/2016 16:30:00 11492325
22/09/2016 16:30:00 11493552
04/06/2021 16:30:00 11614527

Haha, disregard the last entry, it's based on fake data. I messed up the spreadsheet I used for the analysis. Here are the last lowest volumes in data order:

04/06/2021 16:30:00 11614527
31/12/2020 12:30:00 10971461
30/12/2020 16:30:00 10150000
24/12/2020 12:30:00 7797172
17/08/2020 16:30:00 10621307
17/02/2020 16:30:00 10009363

Seems like the Truth isn't out there, what I should have said is that it was preceded by the lowest one day traded volume in 2021, which is still interesting.

Here's something interesting for the conspiracy theorists, like me, lol.

We all know that the largest volume of BT shares traded in one day, ever, was on Monday 7th June 2021, when 480,987,772 changed hands.

Friday 4th June 2021 was the lowest volume of BT shares traded, at 11,614,527, since the 22nd September 2016 when 11,493,552 were traded in one day.

So the highest volume of BT shares traded ever, was preceded on the previous trading day by the lowest volume of shares traded in nearly 5 years.

Any ideas from fellow conspiracy theorists, would be greatly appreciated?

Other UK stocks are getting hammered at the moment, Lloyds, Barclays, etc. Vodafone is just about holding its own today. My opinion, for what it's worth, is that UK stocks will see gradual upward movement approaching the 19th July, and bigger upward movements once the economy fully opens up.

"That puts things in to perspective Fleccy. No doubt someone will tell us how much BT are down over 5 years? Lol"

That crossed my mind too, but I'd just repeat what many a Troll said to me, "The trend is your friend".

Down 5% over the last 5 days
up 8% over the last month
Up 44% over the last 6 months
Up 95% from the Covid low point

Enough said.