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There is no doubting that a potential £15 billion takeover for BT is too low, but initial offers often are unrealistic as understandably a bidder wants to acquire the business as cheap as possible but usually come back with a much higher realistic offer. The story highlights just how insanely low the sp is as even a lowball £15 billion takeover would put the sp at around 150p and the consensus amongst city bankers believe that BT is worth at least 200p a share. BT has got to be one of if not the most undervalued company in the FTSE100.
Did you read the article in full? Yes, no formal bid as of yet, BUT note the following excerpt from the story....
"Sources said this weekend that a number of large private equity firms had begun exploring the possibility of a joint bid for the whole of BT Group."
before the sp continues its downtrend to eventual new lows and possibly leading to total collapse...
https://www.bbc.co.uk/news/uk-53621613
@deso
The SP spiked significantly from the lows in May with a 100% increase in the space of just 3 weeks because of market manipulation by Trump and his cronies at Moderna which created a buying frenzy and the FOMO crew piling in thinking everything was going to be hunky-dory, but the smart money being lot wiser knew this was not going to be the case and took their quick profits, leaving the Del Boy’s and Rodney’s of the world now holding the bag.
Also, the sp would already be much lower (as would most other stock) if it wasn’t for these 6 companies... Amazon, Apple, Facebook, Microsoft, Google & Tesla. Work that one out!
https://www.bbc.co.uk/news/uk-53540691
Did not take long for the government to backtrack, no doubt due to new outbreaks in Catalonia. I suspect there will be a sharp sell off of airline stocks on Monday and into the rest of next week.
Yes, DO your research indeed!! The market makers have just pulled a classic! Well done to those who bought around 5.p and sold for a quick profit, too bad for those who fell for the rebound and bought in much higher thinking there will be an imminent takeover.
The massive buys will most likely be hedge funds closing their shorts as even if the shares become worthless, they need to be returned back to the original investor.
The people buying smaller quantities will be clueless novice retail investors, this type....
https://edition.cnn.com/2020/06/19/business/robinhood-suicide-alex-kearns/index.html
Same reason people have been buying Hertz over the last two weeks despite being bankrupt and more recently Wirecard, people trying to bank a quick profit on a day trade. With a spread of around 10-15%, hardly worth taking that risk.
They have just edited the article in the last few minutes. They first reported it as 'HAS' fallen into administration and did not use the word 'likley'.
Intu has collapsed into administration as just been reported by Evening Standard....
https://www.standard.co.uk/business/shopping-intu-debt-malls-collapse-retailers-a4480766.html
Surprised they know this before an offical RNS.
https://investing.thisismoney.co.uk/quote/AMGO
And a reassuring MASSIVE buy from Hamish Paton yesterday @ 29.p !!
I was lucky to get £50k worth at 29p two weeks ago and so happy my sell order last Wednesday for 40p did not go through . Now trying to decide whether to sell my entire holding first thing tomorrow morning or top slice and leave the 50k profit in the hope the sp reaches a £1!
"I am no expert but common sense says if you run a company which goals are to make money and the BOE wants to charge me money I would simply just remove it."
It only it was that simple
"Not every central bank will go negative either."
True. But for Aviva and many other financial institutions it matters if the BoE / US FOMC decide to go negative , which from today's news looks very likely. You even have Trump tweeting every other day for the Feds to reduce rates to negative.