Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
It was only a matter of time before the vultures started circling around BT. As others have said the markets appear to be setup to create bubbles and ridiculously low valuations in other companies, this share is being driven into the ground. Seeing a utility type company of national interest/ significance on a PE of 5 doesn't make sense to me. For those prepared to take some risk there is some good upside here.
I'm hearing lots of complaints from home workers using virgin fibre. They have ben asking what they are supposed to do when they cant work. I told them to switch to Plusnet :)
Just renewed again with Plusnet. Fibre 1 option (no calls included) £23.99 per month with 70 quid voucher thrown in. Cheap as chips and always good customer service. I noticed that the price goes up to £35.00 per month when out of contract but at least they send you an email to tell you you'll get ripped off if you don't renew or switch.
"According to my contants in the city the only thing that is holding them back is the low shareprice"
So those coke snorting addicts think they can predict the future now. If I was confident that a capital raise was imminent it would probably be because I had inside information. If I had inside information of the capital raise I wouldn't tell a soul, instead I'd try and make as much money as I can from the situation.
I think we will see more businesses moving their products \ services online as a result of COIVD-19. I expected this anyway but with lockdowns in place and companies wanting better protection in the future I think we'll see a massive shift now. All those business with online presence are doing much better than those on the high street. It was interesting to see Deutsche bank change position on 2 shares I have been buying for a couple of years now (BT / RMG). According to them RMG were worth 92p and BT 110p. It will be interesting to see where these share prices are 2 full years after Brexit.
Bought 6 thousand more shares today myself at 100p. It'll probably go lower but that's me done buying BT. My position in BT is as per below.
2000 at 250p
3000 at 205p
4000 at 117p
6000 at 100p
Don't take it to heart Fleccy, your constant ramping has had no effect on BT's share price as there has been a lot more dumping than pumping. I'd rather take a rumping than be a dumpling.
I was a holder of National Grid shares until fairly recently. National Grid have a pension deficit of approximately 1.5 billion and around 25 Billion of net debt. They still trade on a PE of 20 and the market appears determined to push the price back up to £11. I ditched the shares because I think the valuation is high and l expect more regulation in 2021 to impact dividend payments. BT's share price however is very cheap in comparison.
"BT have now a good case to now plead with them, lay off us now, we have cancelled our shareholders dividend, so cut us some slack going forward. This IMHO is behind the cancellation."
That's a very good point NigeCo, in addition to this the CEO is giving his next 6 months pay to Charites and BT haven't furloughed any staff. I believe these actions should be looked on favourably by government.
Credit where its due Toff. Lets hope your swimming in cash this morning.
Virgin are having a lot pf problems with their network recently and O2 is down today. Perhaps they have merged already as they appear to be going down with each other.
"Shares were gobbled up by retail investors -the transfer of shares from the strong to the weak - hence the price recovery"
In a world where more of everything is moving online I don't consider people buying BT shares to be weak, quite the opposite in fact. Its the people selling BT shares at £1.08 that have weak hands.
Jefferies International always appear bullish on BT whereas Deutsche Bank are the opposite. Unfortunately Deutsche bank's forecasts have been far more accurate in recent years. If their Vodafone target is reached ill be a happy man.
"Don't listen to this guy Fruit all. Complete liar and has little knowledge of trading. His posting history, makes false claims, takes credit for reading off of other's charts and he is a complete ramper. Ramping RMG at £3+. look where it is now lol"
With all due respect Alaninvestor I think people can make up their own minds. I have read many of Fruitsters posts and I've not seen anything to make me think he's a liar. He's expressing an opinion or stating his position. If someone ramps a share or provides inaccurate information they shouldn't be held to account. I'm not saying Fuitster has done either of those things just that its down to each individual to make their own decisions and do their own research when investing in a company. That way there is on one else to blame but yourself.
Just looked at the AT&T first quarter results. Not too shabby. The share was marked up 0.3 on early trading but subsequently dropped. They are still paying a dividend.
Fingers crossed for us Fleccy. I added to my Vodafone position last week too. I was going to wait until after the update on the 7th May before buying BT again but I don't see why BT should be 20% Cheaper than it was before the COVID-19 situation so I've taken the plunge now. I was going to buy anyway.
Fruitster,
I'm just averaging into the companies I like. I have 3 tranches in BT now and I made my first purchases of RDSB and BP today. I always wanted to buy BP and in particular Shell but a good opportunity never presented itself. I'm a long term investor trying to build a solid portfolio of dividend paying stocks. I am shocked at some of the shares prices out there but that reflects the uncertainty as you say. I'd rather take the risk than watch inflation erode my hard earned savings over the coming years.
Spooky!
I bought both BP and BT today.
At first there was 'fear' and then there was 'anger'.
Toff,
The next valuation of the BT pension scheme is due to take place in June this year so you can't state for sure what the current deficit is. I'm sure its a lot less than 14 billion though. I think it was 7.2 billion in the last annual report despite a 2 billion contribution that year (2019). BT are planning to make payments of 900 million a year up to the year 2030 and hoping to then have a small pension surplus. Also, the main reason for the increase in net debt from 11 Billion to 17 billion approx was the change in IFRS accounting rules around leasing liabilities which now have to be included as debt so its debt that was already there?