Member Info for fleccy

2,555 at 244.965p

It's ages since I posted on here, I just popped in to take a look. It'll likely be a long time before I look in again, but I suspect nothing will have changed for the better when I do, good luck.

You're correct that I'm a long term cynic when it comes to QBT, I framed the questions in such a way as to make a point. I've watched QBT since the early days and it really isn't a surprise that investors have generally lost money on this stock, I'm just surprised QBT is still a going concern. I always thought their goals we're unattainable, just my personal opinion, since QBT's budget was and is miniscule compared to the larger players. I'm also a Bitcoin cynic and view the hype around BTC in general as snake oil. I also have doubts about the inception of QBT from the ashes of a leisure company pursuing legal cases against former directors, one could be forgiven for suspecting that QBT was formed to plug into the hype around BTC and as a vehicle to pursue the various legal actions. All this is just my opinion based purely on my personal views and I could well be wrong, good luck to the believers.

Actually made any money investing in QBT?

How many long term holders are sitting on paper losses? And therefore losing out because their cash is locked in and not earning money from other investments?

"It’s great share price has increased recently, all very good news"

More than just recently, the share price is clearly showing an annual upward trend and has been steadily eking out gains since the beginning of May 2024.

"A short term bounce isn’t the same as long term fundamental improvement. The market is reacting to the possibility of future capex cuts, not to fundamentals that have already changed"

Same point

Just read that article and you could say the same about any dividend paying stock, higher Bond yields always reduce the attractiveness of all dividend paying stocks. The fact he uses it to bash BT, in light of UBS's consistently incorrect ratings, just smacks of cognitive bias.

Indeed Expat, Abject is choosing to ignore the forecast capex reduction, savings due to building closure program, convergence and other things. Abject said "BT’s haven’t. That’s why the share price hasn’t moved", yet the share price is up 10.5% over the last month, 31.8% over the last 6 months and 45.5% over the last year; If that isn't movement, I don't know what is.

If the article reflects what I've been saying, then it's only because I've been saying what BT have been saying and drawing conclusions from BT's statements. The market works on different narratives, mostly short term, while ignoring the long term narratives.

Clearly the amount of cash invested into passive weighted index tracking ETF's and algorithmic momentum targeted funds has moved the market away from fundamentals, but fundamentals always win out in the end.

"Very positive article. Did you use a pseudonym?"

I only post positive articles about BT, although it is confusing to see Proactive releasing positive articles about BT; Have I slipped into an alternate universe where left is right and up is down🌌 🤪🙃

Https://uk.finance.yahoo.com/news/bt-shares-rise-3-jp-110200903.html

"Wind swings seem order of the day, for the moment"

https://www.curely.co.uk/item/505/wind-eze-gel-caps.html?ref=PPC&gad_source=1&gad_campaignid=23629557008&gbraid=0AAAAA90uguRYxqhK2G47uUHlQCumJrAuL&gclid=Cj0KCQjw8PDPBhCeARIsAOJwmWWVgAubJVEVi1wPNdKp_4Q3n92V05j_GmjplKPLrqmmo0UEFbk-UNMaAlJKEALw_wcB

I wish I'd topped up yesterday. The Iran war is looking like it's done and dusted for now, going of what I've just heard on CNBC.

I'm not so sure, the Buybacks might change the equation. Barclays have been quite conservative with their percentage buybacks and could easily ramp up the daily percentage. Looking at the charts around £2.36 seems like a major support level, probably driven by investors chasing yield, so in the event of big drops that may be a level to consider.

https://docs.google.com/spreadsheets/d/e/2PACX-1vRPfKNzj0cEH-jkutfH5DCLE7EjAr9EKDhdwnDDGTusEQIU7oJbXQeQsxJ21lPeE1PwyUpTyZnPLmMT/pubhtml

I'm not so sure, the Buybacks might change the equation. Barclays have been quite conservative with their percentage buybacks and could easily ramp up the daily percentage. Looking at the charts around £2.36 seems like a major support level, probably driven by investors chasing yield, so in the event of big drops that may be a level to consider.

https://docs.google.com/spreadsheets/d/e/2PACX-1vRPfKNzj0cEH-jkutfH5DCLE7EjAr9EKDhdwnDDGTusEQIU7oJbXQeQsxJ21lPeE1PwyUpTyZnPLmMT/pubhtml

LSE's text editor doesn't appear to recognise tabs

Total paid...............Buyback cash left...Percentage left

£248,894,028.44 ... £101,105,971.56 .... 28.89%

Going off the rate Citi has been burning through the Buyback cash, it could be completed in the next couple of weeks:

Total paid...............Buyback cash left...Percentage left

£248,894,028.44 £101,105,971.56 28.89%

https://docs.google.com/spreadsheets/d/e/2PACX-1vSFzlU7UMjm0pSGJJGhFwkllG3Se8g1naKstHKS3tWkxQ9166zD6JfqF-hOF5KOT9azcZ1DHYlI2BJz/pubhtml

I've got a Lloyds dividend payout later this month, followed by Admiral/LGEN dividends in early June and then Vodafone dividends expected around early August; Going forward I wont be directing any new external capital into LGEN, but I will be directing all my dividends into LGEN should the price remain at current levels, or lower. As well as those dividends, I also have over £6000 in previous dividend payouts idling in one of our ISA accounts. If the share price does remain low between now and August, I'll top up LGEN with everything to target an increase in our LGEN interim September payout. I'm also expecting a good BT dividend payout, but that wont land until September so I'll decide what to do with that then.

Appear to be ramping up:

https://docs.google.com/spreadsheets/d/e/2PACX-1vRPfKNzj0cEH-jkutfH5DCLE7EjAr9EKDhdwnDDGTusEQIU7oJbXQeQsxJ21lPeE1PwyUpTyZnPLmMT/pubchart?oid=942132251&format=interactive

https://docs.google.com/spreadsheets/d/e/2PACX-1vRPfKNzj0cEH-jkutfH5DCLE7EjAr9EKDhdwnDDGTusEQIU7oJbXQeQsxJ21lPeE1PwyUpTyZnPLmMT/pubchart?oid=1749597775&format=interactive

I view LGEN as an anchor (bond like) reinvestment stock, my timing around my initial purchases have been rubbish due to misjudging price movement's around the Iran conflict. I'm not too worried because my dividend reinvestment will depend on future price movements below my average cost per share and let compounding work its magic.

"Can’t wait for the Oct dividends payment(s) so that I could add more"

What about the June payout?