George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Congratulations on your investment Velo. I think it’s fair to say you have done your homework and carried out due diligence on this one. Let’s hope it works out for all our sakes.
Lets hope so Emmjane. Thats some good SP forecasts / Predictions you've made on here. 150p would do nicely thanks.
Does the internet go down when BT staff members strike alkin, or perhaps my mobile phone wont get a signal?
Inflation should be good for the BT share price and utilities in general. With BT and EE increasing pricing at 3.9% above inflation this should go a long way to funding the network build. Other telecoms companies will follow suit allowing BT / EE to retain the same percentage of customers. When you think about how much we spend on council tax each month and all you really get is your bins taken away, £40 on essential broadband is a bargain. People need to understand that.
I had the opportunity to invest in Bitcoin at approx $50 a coin in 2009. I didnt buy any then so there is no way I woud pay in excess of $40,000 now. I laugh when I see images of gold coins portarayed as a bitcoin when it really is just software to my mind. A series of 1's and 0's. Perhaps it will be considered a store of wealth in the future and maybe I’m just old fashioned but I have to hold my hand up and say I just dont get it.
It’s not so much what’s holding it back now IMHO it’s more a lack of anything to propel it forwards. All the negative stuff is baked in here 5 times over. I see a lot of tongue in cheek comments from 'H-hi' but he actually makes some good points. There is nothing majorly interesting going on here to grab investors imagination. I think BT should be buying back shares while prices are low. Perhaps they should invest in renewables to power their exchanges / data centres. Shareholders now need to be put first, they’ve suffered for too long.
It’s never good to see a short position on a stock you own however I do believe Blackrock are one of BT's major share holders. Perhaps they are hedging against their long position with a 0.5% short?
Yes, I got some at £14 and then some at £13 so £12 would be my last tranche in this to be honest. Price is good but this down trend is continuting for now so £12 very nearly in sight and I suspect there will be some support around that level?
Im looking to double up on these. £12 a good target you think?
Indeed. The UK is doing very well on the vaccinations front and BT's primary focus is the UK. The majority of BT's profits are derived from UK businesses and consumers too. The media appear keen to keep the shackles on BT though with this stuff about overcharging the elderly and the Italian accounting scandal still being talked about. This should be an interesting year for BT with Brexit now behind us and hopefully restoration of the dividend at the end of this year.
Same story as after Q2 results. It gets marked up first thing and then makes a complete reversal and ends the day down. Same old story for BT. Net Debt reduced by 940 million and still making a good profit despite the pandemic. Results look OK to me.
I do recall BT's Q2 results sending BT to the top of the FTSE risers table early doors and then on the same day the share price tanked to end the day 5% down. That was very strange. BT's sp chart looks very similar to that of the FTSE 100 for the last 6 months. Hopefully more progress on the FTTP rollout with debt no higher and a green day for the FTSE 100 will give the SP a boost.
"is this share a dog"
No, its the dogs b*llocks.
"However underlying belief in the potential of the business has not shifted substantially".
Not sure I agree with that given that OFCOM have stated they are going to apply less regulation to the pricing on fibre going forwards. There is some positive momentum building here.
We took the stairs on the way down, lets hope we jump in the elevator on the way back up.
"Priorities wrong way round ,debit reduction first then dividend"
I'd agree with you in normal times Seaking1 however with rates close to zero and going lower I don't see why Shell should prioritise debt over the dividend.
Virgin are getting as bad as Talk Talk for not answering their phones when customers have issues. Virgin Media users are for ever having network connectivity issues. I'm aware of at least 20 homeworkers in the Coventry area having issues today. I've been seeing it for years and its getting worse. They need to fix their network before they try to start extending it to 8 million more customers.
"Complete and utter manipulation just like the spike up to 220p+ in August for no reason whatsoever, before it fell away again also for no reason whatsoever.
I predict it will do exactly the same again this time, remarkable that this kind of activity isn't investigated closer."
Yep, there's no way RMG are worth 0.5 billion more today than they were yesterday. Most of what is in the RNS we already know about so it has to be manipulation. We investors just have to sit tight and hope someone else's fun and games doesn't destroy our hard earned savings in the process.
"Heallywood, so you think that the share price is going to go below 100p? How low do you predict? I think that the potential takeover bid speculation has already put a floor in the share price, but who knows."
I'm not sure how low the share price can go NigeCo. BT may have already touched the floor. Your guess is as good as mine. I feel fairly confident saying the next 12 months will show us the bottom because Brexit should finally be over with and we'll either have a vaccine for COVID or a fairly good handle on stopping the spread. The economy will be in recovery mode and I suspect BT will come out of the other side OK and that won't be the case for lots of businesses. All of that money swishing around has to go somewhere and I think BT will be a good place to put that money in the evolving economic cycle.
"Hi Velo, have you jumped aboard the good ship BT? I just thought with all the hard work that you put in analysing BT that you may have taken the plunge"
I believe he will become a BT shareholder when he feels the time is right, he's not looking to pin the bottom, he's just patiently waiting for the long term downtrend to end. I have averaged in over 2 years and I'm looking at a big red number now. I don't think this is the turning point for the BT share but I do think the bottom is going to be discovered over the next 12 months.