Member Info for fleccy

I'm making money on my UK holdings. Capital gains from growth stocks are great, if your timing's right and you buy cheap, whereas dividend stocks provide an income irrespective of the share price movements. For years we've reinvested our dividends back into our UK stocks and currently we're using the dividends for other things. In November we had a solar PV and home battery system fitted for around £8,500; We're having a heat pump survey at the end of this month with the intention of upgrading our central heating, likely to cost in the region of £6,000 on top of the £7,500 BUS grant. Once the central heating upgrade is completed we're looking at replacing the flooring in the kitchen and hall, not cheap, but all these upgrades have/will be paid for using our dividends. Sitting and holding a "growth stock" that may or may not go up in value can be a good move if things go in your favour, but your capital is dead money until you sell, whereas dividends give you an immediate return that you can use for real world items. Being temporarily paper rich doesn't always translate into a large future cash returns, especially if something happens and the value of your growth holding's collapse. Give me dividends over growth any day of the week, since dividends are available to pay for stuff now rather than down the road.

IP3LY you can't transfer shares from a standard share share dealing account into an ISA. You can Bed and ISA, but that involves selling the shares with any capital gains tax charge applying, and then buying back using the cash in an ISA. The only advantage to Bed and ISA is that you'll be able to buy the stock back in the ISA around the current market price.

Personally I'd rather take the chance on selling the stock, then moving the cash into the ISA and buying back in my own time, sometimes it can work in your favour to buyback at a time of your own choosing.

What happened to his prediction of sub 130p? His crystal ball needs to go in for repair 😏

Opened nearly 6% down

Having a slot at a Bitcoin conference is meaningless unless it leads to something, which it probably wont. The organisers of the conference will have wanted to fill all their slots, QBT were likely just one of many speakers.

What would be important would be to put in the mileage, with face to face meetings with prospective partners and getting solid agreements.

QBT have teased the market with PRN's for years now, without any revenue generation resulting from their market teases, yet the rampers still ramp while QBT rinse and repeats. All I read on here from the rampers, is that it'll be different this time when they should be saying I'll believe it when I see it.

Why's that Llywelyn? There's always space for a bit of humour.

Day 2 in the US

https://www.youtube.com/watch?v=0Rsa4U8mqkw

US update.

https://www.youtube.com/watch?v=Er-DcWJvFbg

"but sooner or later the pressure will burst the dam and for the ones that hold their nerves will be paid handsomely "

That's like a bookie telling you a three legged horse is a sure thing to win the Grand National.

The number of shares in issue, for this month, has increased by 136,489,823 to 60,753,502,794

https://docs.google.com/spreadsheets/d/e/2PACX-1vS0oSavIsBjHgD7k6NMyk7Z591Cm2IrevvLI-Jq95gOmESrOI0Vi_NhA8LIO9rMz90Y5zCOCoFuEItG/pubchart?oid=1812824850&format=interactive

https://docs.google.com/spreadsheets/d/e/2PACX-1vS0oSavIsBjHgD7k6NMyk7Z591Cm2IrevvLI-Jq95gOmESrOI0Vi_NhA8LIO9rMz90Y5zCOCoFuEItG/pubchart?oid=1451011517&format=interactive

"but unlike traditional utilities that rebuild infrastructure once in a century, telecoms do it in a 5-10 year cycle"

That used to be the case, not any more though. Over the last 30 years telecom transmission networks have evolved through PDH, SDH and now DWDM. Voice and data were previously treated separately within the core, even though they both shared the various transmission networks. The current major Telecom transformations will be the last for decades to come, possibly centuries.

Once you've converged all your voice, video and Data into the same core network, the only changes required going forward is to replace the routers/switches as more advanced models become available.

On the transmission side DWDM is about as good as it gets, when it comes to bandwidth and latency. Fibre development is advancing with new products like hollow core fibre, giving the opportunity to squeeze more bandwidth and lower latency down a fibre, but that'll only be required in a limited number of applications like 5G cell to core connectivity, or very specific uses requiring the lowest possible latency and security.

5G is about as good as it gets when it comes to mobile technology, with 6G more of a bolt on for high usage areas like stadiums and train stations, etc. For longer distance 6G applications, they'll just reuse 5G frequencies.

Once the current transformations are complete, probably around 2030 for the UK, don't expect any significant network transformations within our grandchildren's lifetimes.

You just leave your shares in the ISA, you don't have to do anything with them; What you can do is add a further £20,000 of capital into the ISA each year, from April, and buy more stock using the newly added capital. We've accumulated 10's of thousands of shares in ISA's over multiple years and built decent size holdings. A stocks and shares ISA is a tax free wrapper, so any dividends received ,or capital gains from sales, are tax free whether you buy more shares in the ISA, or take income out of the ISA for other things. The limit is £20,000 a year added new capital, so any cash you remove from the ISA can't be restored if you've already topped up by the £20,000 limit.

"Fleccy - I get it, you disapprove of the move I've made, as you're invested heavily in both. I get it"

I don't disapprove of you selling BT and buying Vodafone, as you point out I have invested in both companies. I just find it a bit perplexing how you flipped 180 degrees on BT once you sold out. Now you're invested in Vodafone and pump your current holding, but feel the need to trash your previous holding now you're out.

In September last year you said:

"Savage_KeyboardR

Posted in: BT.A

Posts: 2,754

Price: 143.60

No Opinion

RE: Happy Second Dividend Day12 Sep 2024 09:03

Only reason I am pondering is I just tend to spend my dividend income, it's just what I have always done... Only reason I'm pondering reinvesting for the first time is I've thought BT is easily headed for £1.60-£1.65+ - and if I opt to spend the dividends then it does not equate to less confidence in BT, I already have plenty of shares purchased at lower prices and I still have more cash I could put into BT by adding it to the divi"

And BT did hit 160 on 2nd December, but by the 3rd October you'd already reversed your view on BT after selling your holding:

"Savage_KeyboardR

Posted in: BT.A

Posts: 2,754

Price: 143.25

No Opinion

Rapid Retreat of the SP3 Oct 2024 14:12

At a guess I'm reckoning there will be very little buying support for the SP between the 141-143p range, I'd expect our next pause is likely to sit around the 138-141p area. However, ongoing turbulence and further data emerging on low inflation should ensure the drop continues for the foreseeable right down to 130p and perhaps even a little lower. There's definitely gaps between 124p-131p, it's just a matter of how fast we get there IMO - DYOR"

So BT hit 160p 2 months after that post and has dropped back since, but nowhere near the 130p you were predicting.

You invested in Vodafone on the 12th Nov at around 67p and immediately posted with strong buy opinions and topped up with more in December around 69p. You did well profiting from BT and have got in at a good price with Vodafone, but your predictions have been way off the mark on both Vodafone and BT. You should be happy with your choices and not try to persuade BT holders that the price will go to 130p, or below, because no one knows where prices will go; All any of us can do is guess and your previous predictions have proved you're no Oracle when it comes to predicting price moves.

Savage you just talk your own book. I wouldn't be bothered if it wasn't for your continuing digs at BT. I'm invested in BT and Vodafone and they're both investable in my opinion. You sold out of BT for a profit, well done, you don't have to self justify your decisions by attempting to put down your previous investment and talk up your current one. We get it, you sold out of BT and ploughed the cash back into Vodafone, no amount of jawboning on here will affect the share price direction for either of those stocks.

"instead of buybacks why not pay down debt? Buybacks may only enhance vaklue if the shares are bought for cancellation. If they are bought, sit in treasury, and then are given out by way of executive bonuses, then IMO there will no advantage"

A good percentage of the bought back shares will go toward reducing debts. As I've mentioned in previous threads Vodafone has Billions of Euros of Convertible Hybrid bonds reaching Next Call date over the next 6 years, treasury shares can be used to cover these bonds as they reach Next Call; And Vodafone are buying back the stock at rock bottom prices.

https://docs.google.com/spreadsheets/d/e/2PACX-1vRA1ndHTf_Bz7O_moDxmcbWnEtcusZucUu6lEJvm3O4mGooeH4ErFjRqot3RQHBaVXCgoUED1k2CUVK/pubchart?oid=17624073&format=interactive

Lol, why will I be history? I'll be the first to congratulate investors who believe in QBT and are proved right, I just believe the odds of QBT successfully producing a successful commercial offering are low; I could be wrong about QBT, but we're all entitled to take different points of view about anything and everything. It's been nearly 5 years since QBT rose from the ashes of

the previous company and rebadged itself as a Bitcoin research company, it obviously paid off since the company has limped along ever since. As far as I can tell they've produced nothing commercial that's revenue generating, although I suspect some associated with the business have pulled in a healthy financial gain, I'll happily be corrected on that.

Ha 2nd on the list, I'm honoured. I'm not sure I'd describe myself as a troll, I just have a different point of view when it comes to QBT and Bitcoin. On balance the evidence is in favour of the bashers. QBT including previous iterations, has form for transforming itself into something different dependent on the current hype, but it appears to have been on life support for most of its existence.

Some of their actions appear manipulative and opportunistic, like releasing bullish PRN's to pump the price and then immediately doing a placing. The transformation to QBT also appears to be opportunistic, jumping on the Bitcoin bandwagon when it was clearly hitched to the next hype train leaving the station. I hope QBT pays off for the true believers, but I'd say the odds are against that going off previous form.

Fog it's been well covered in previous threads why buybacks are a no brainer for Vodafone.

"Anyone who sold today will definitley to chase it higher to buy back in starting tomorrow"

Why's that?