Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
"IPLY - 2009 price was 79 pence but 79p in 2009 is worth over £1.30 today due to inflation.... sp today's share price is 30p below 2009 lows.... inflation makes a straight comparison illogical."
Let’s not forget that in 2009 the FTSE 100 was around the 3500 level at times and its now around 7500 (Not far off all-time highs). Most companies in the FTSE 100 in 2009 had low valuations due to the financial crisis that was underway hence BT’s low share price. Imagine what would happen to the BT share price in that kind of situation.
"Just keep topping up."
Topping up could lead some people to topping themselves.
Going off the share price the court case must be going well. I'm glad I didn't reinvest my BT dividend.
That's what the 'Buy Now' button says so....Yes.
The 2.31p dividend lands tomorrow apparently. Shame we've lost 28p in little over a month. Get that dividend invested elsewhere guys and gals. Don't ask me where, just make sure it's not in BT.
I can look forward to the conversations at the pub now with people saying “Guess what, BT have had to refund me £400 for something that happened years ago, overcharging or something. I didn’t know anything about it…HaHa.”
The next thing to hit BT / EE will be fines for overcharging on mobile phone contracts.
I’d love a bid to come in for BT but with it being such a political football and an easy target for all these blood sucking lawyers who would want to buy such a business?
Is it OFCOM that's shorting BT? and our politicians are left wondering why no one invests in UK businesses.
Hey Polo.. You know when you've been tango'd.
Well done BT, I have just read through the Openreach presentation slides and the FTTP rollout is on budget and on time. Saying you are going to deliver Full Fibre to 25 million premises and delivering it are 2 different things entirely. I think Jansen has done a good job here with Openreach and concentrating his efforts on this task. A big pat on the back too for all those BT engineers and managers driving this ambitious project. It’s a shame the share price is so low but hopefully we have turned a corner and we can rise from here.
BT board members appear to be happy collecting their salaries while shareholders are decimated. The number 1 priority here should be unlocking value for those shareholders who have watched their capital get destroyed. I still think the BT dividend should be cancelled and used to paydown any debt with high interest on it or invest in the network. Selling fridges is definitely not the answer to BT's problems.
BlackRock increased their short on BT again recently. Make of that what you will.
A close over 116.05p would be good for today. My holding in BT is too large in terms of a percentage of my portfolio to reinvest dividends. I'm liking cash at the moment as you can quite easily get 5% with little to no risk. Markets are steady at the moment despite all the doom and gloom stories going on in the economy.
"@ these price's i think BT is a gift time will tell."
That's what we all thought on each leg down, £4, £3, £2 and now £1. Looks like BT is nothing more than a value trap at present.
I'd be surprised if they're are any sellers at this price unless forced.
BT would probably have sunk no matter who was declared the new CEO. It looks like all telecom company share prices are adjusting lower. I always thought of BT more of a utility type business so should be on a PE of 15ish but it looks like 6-7 is more normal across Europe and the US these days.
It certainly does feel like there is an agenda being pushed here. What could that agenda be though? Am I a little paranoid thinking that governments are looking to acquire Telecom assets back for free at the expense of shareholders? Perhaps through nationalization or similar.
Anyone got any thoughts on the toxic lead cable risks for BT? Both AT&T and Verizon plummeting this week on this scare story.
I’d be up for cancellation of the dividend. With borrowing costs high it’s a mistake to be paying dividend’s if that money could be better spent upgrading the network and reducing overall debt. That’s hardly rocket science.
I agree with some of the others, why not spin off Openreach and put us shareholders out of our misery. Not everyone wants to wait until 2030 to see if BT have managed to get the pension deficit into surplus. F*ck the BTPS.
Isn't the BT pension review due this month? I wouldn't be surprised to see a reduction in the funding level and the scheme calling for yet more cash to plug the gap. If investors are running for the exits, they might have some inside knowledge on this?
I think Fleccy is just an AI algorithm coded by BT as a test before a major rollout.