Member Info for fleccy

"He still won't admit his mistake? I guess Robert is never wrong? I pity the fools that listen to him."

It's just his opinion. I often wonder why analysts inexplicably take a dislike to certain stocks, and seem incapable of shaking off the blinkers; Its like having tunnel vision, maybe he can only see part of the picture, and doesn't realise the narrative's changed. Sometimes opinions are formed as a result of getting burned, and that sort of pain is hard to shake off.

"Good luck with your 140p price target Dave"

Sorry Dave, whoever you are, I meant Robert.

"Overcooked. This share price is still lower than it was pre-pandemic"

Robert Grindle is a persistent BT bear, who had sell recommendations all the way down to 106p, and even then only rated it a hold with a price of 125p as it climbed to 110p, and maintained the hold as it dropped to 98p; So even when BT was a screaming buy, he still only rated BT a Hold. He maintained his hold position all the way up to 180p, even though it was clear BT was on the rise, and anyone uninvested following his hold position, from below £1, would have missed out on an 80% profit, not what I'd describe as inspiring. Now he's saying Sell with 140p price target, as covid is in decline and BT are reinstating the dividend.
Good luck with your 140p price target Dave, I don't see it myself.

https://www.tipranks.com/analysts/robert-grindle

https://thefly.com/landingPageNews.php?id=3314737&headline=BTGOF-BT-Group-downgraded-to-Sell-from-Hold-at-Deutsche-Bank

BT should put these everywhere imo, and generate as many revenue streams as possible from them. For example, I'd only allow higher WiFi speeds for BT broadband/mobile customers, via an app tied to their BT contract and using registered devices.

"BT will continue to partner with Manchester based technology, software and support supplier ADXBA, and Global, the Media & Entertainment group, as its advertising partner to support the digital street units."

"For local businesses, the upgraded units also feature an accessible digital advertising solution run by Global, BT’s advertising partner. The advertising solution is designed to support the marketing needs of local businesses, helping them to rebuild brand awareness as Covid-19 restrictions continue to lift across the country. Each local authority is also provided with 5% of total screen time on each Street Hub to promote local municipal services and better inform the local community about developments or issues affecting their area. For example, during the Covid-19 pandemic, existing Street Hub units across the country played a vital role in displaying key public health advice from Public Health England and local councils. "

“The high streets are vibrant and bustling with returning audiences, it’s a great time to be working alongside BT on the next generation of Street Hub. Digital street units provide advertisers with a flexible and impactful form of communication, and we’re excited to roll out a new sustainable offering to our clients and partners, in the coming months.”

https://www.webwire.com/ViewPressRel.asp?aId=274759

"problem is now all my other dividend shares have got back to their pre Pandemic prices, except this bugger, and how long will it take to get back to my 1.97 buy price if ever ?, it's a bit dissapointing , thats putting it nicely"

Unless you're desperate to retrieve your capital, it doesn't matter how low the share price goes. I just keep collecting dividend payments and reinvesting where I see value, for example my recent Lloyds dividend was used to top up my Vodafone holding, as VOD is currently underperforming. When I receive my Vodafone dividends in August, they're likely to be reinvested back into VOD as that's where I currently see best value.

"No idea about the credibility of the DB broker forecast for BT but its farcical and not to be taken seriously as they do not run the market or the companies its their views based on their analysis"

I don't believe that broker forecasts are issued in isolation. In my opinion broker forecasts are timed and coordinated with other actions, such as algo's driving down the price. If market's aren't manipulated, why are so many different mechanisms available to gift an advantage to the power players?
The big players recently got stung with Gamestop, and currently so called MeMe stocks are being hyped as ways to bash the big boys, but you can bet the big players are now controlling the situation and back on the front foot.

Old news, we've just about flogged the VM/O2 merger to death in previous threads.

"The scum at DEUTSCHE BANK should be more considerate"

It's just part of the game, analyst opinions mean nothing over the long term. It's a mystery why anyone would take any notice of Deutsche Bank anyway, since they haven't exactly inspired with the running of their own house.

"That would explain the drop in the share price then."

The price is still up 0.23% on a 5 day chart, and up 4.29% over the last month. I'd view this as the market testing the resolve of weak holders. My focus is on the long term and the company strategy. The day to day fluctuations, although interesting to watch, have no bearing on my view going forward. BT hasn't even revisited Covid pre pandemic levels yet, and it's debatable why BT's share price was dramatically affected by the virus anyway. I'm glad the market hammered BT's share price, as it allowed me to top up at 106p and 112p.

"That would explain the drop in the share price then."

The price is still up 0.23% on a 5 day chart, and up 4.29% over the last month. I'd view this as the market testing the weak holders. T

"They will of course say this isn't true. Not saying its happening with Vodafone but we would be kidding ourselves if we thought these big players can't determine price by the sheer volume of trades they can execute either way."

Possibly has something to do with:

https://www.lse.co.uk/rns/VOD/mandatory-convertible-bond-assocd-share-buyback-bgn8tesvf3fde4o.html

https://www.lse.co.uk/rns/VOD/share-buyback-programme-0ri7pxgsj5tknd7.html

Normally share buyback programmes would raise the price, but this is related to convertible bonds.

"Not so sure i agree with that idea at all."

Any right thinking person would disagree with his vested interest view. Look at the current flack, directed against the Government, for not immediately closing down India travel with the current outbreaks of the Indian Variant.
Imagine the borders being thrown open, everyone hits Ibiza, Costa Del Sol, etc, and a variant emerges resistant to all vaccines as well as being super transmissible; Of course "Uncle Mikey" will be happy because his summer volumes will go up, but the Government will be hammered in the press and people will die. No doubt he would have made a good World War 1 General.

https://www.youtube.com/watch?v=Pxbzb8XXiGQ

https://www.youtube.com/watch?v=NgyB6lwE8E0

And more:

https://www.wired.co.uk/article/netflix-carbon-footprint

https://www.independent.co.uk/climate-change/news/netflix-net-zero-emissions-2022-b1824262.html

https://www.dentsu.com/hu/en/media-and-investors/news-releases/dentsu-pilots-dimpact-pioneering-tool-to-manage-media-industrys-digital-carbon-footprint#top

An interesting article, related to media streaming and power usage.

https://www.carbonbrief.org/factcheck-what-is-the-carbon-footprint-of-streaming-video-on-netflix

"this share has a huge potential and could follow in Royal Mail type of re rating, IMO BT should be minimum £3 upwards."

The market narrative has started to change. I've noticed a few articles mentioning the annual cost savings of £1 Billion from 2023, rising to £2 Billion from 2025. I haven't noticed any articles latching on to the Green narrative, resulting from PON and the move to an EV fleet. The PSTN switch off, and power savings from passive access network, plus associated building closures will result in a massive reduction in BT's carbon footprint. I suspect BT will also choose to source electricity from renewables, which could lead to BT becoming a carbon neutral company in 10 years.
There may be another thread to this story, companies like SKY, Google, etc claim to be carbon neutral, but are they? I watch SKY Go, on a laptop connected via an HDMI cable to a TV. I recently binge watched Devils, Westworld, etc, and regularly stream CNBC over SKY Go. I also regularly watch Films and series on BBC Iplayer, Netflix, and Amazon Prime. When users stream content, over telecommunications networks, the power usage of the Network routers spike up to process the extra bandwidth associated with distributing the content. ISP's/Telecom providers are now complaining that Net Neutrality rules are transferring costs onto them, unfairly benefiting the media/content providers. There's an argument that content providers, like Netflix, are broadcasters and they should pay more for streaming their content over IP networks. I read that OFCOM are looking at Net Neutrality in the UK, and BT are presenting an argument around power usage in relation to streaming content. Media/content providers could find themselves on the hook for more costs associated with carbon/power usage for streaming their content, it will be interesting to see if anything comes from BT's argument.

It looks like the UT is 179.8p, up 2.83% on the day. Not bad considering it dropped nearly 1% after the open.

Nice to see.

"My belief system is that "news" is a short term influence only anyway"

I'm not in it for the short term fortunately. I'm betting on BT pushing above £3 in the medium term, possibly revisiting £5 territory in around 5 years, if things pan out as I believe they will. Assuming BT unload the majority of their lease liabilities over the next 9 years, grow their bottom line, and eliminate their debt, they would look like a no brainer safe investment. I don't believe the current negative narrative, projected by many vested interest outlets, so I'll just wait for my profits.

Velo, it has little bearing who's on the board of BT as the script is already written, and actors are just filling the role.

The Script may go something like this:
Openreach will build out the FTTP Network on behalf of BT.
During FTTP rollout, Openreach will also install Fibre to the cell locations, while EE build 5g infrastructure.
Once FTTP/5G is completed, the pension deficit will likely be in surplus.
Likely Trustee DIY buyout of the pension scheme once in surplus.
BT will probably look at options around spinning off Openreach (workforce).
Decide on options around ducts/poles/wayleave, access infrastructure, etc.

The only input the board will have, will likely be around the future of the Openreach workforce, and BT owned access infrastructure, in my opinion. If I was to guess, I'd think the board would decide to sell off portions of each and keep a significant percentage of each separately. If BT say kept 49%, put two percent aside in a non controlling Escrow account, with a say on the board, OFCOM couldn't keep the knee on BT's neck.
If the script plays out the way I think it will, BT has a lot of value tied up in its separate assets.

Are you ok Bud? You seem to have gone quiet.
Have you heard anything back from Ryanair, about the potential forced sale of restricted shares?