The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Another big fan here Velo. Some useful information there for existing and potential BT investors.
In my experience I'd say a right's issue comes in to play when a company is loss making. BT is currently making over 2 billion In profit. Rights issues are normally a last resort. With rates as low as they are it makes sense to borrow more to complete the FTTP build and 5G rollout quicker if needed. The key in my opinion is to make sure you get fixed payments on that low debt. Low interest rates will be around for a while but not forever.
I wish you the best of luck Scampthedog. I want you, the rest of the posties and RMG to succeed.
"Most companies trading below NAV are trading there for a reason"
Indeed GenerationZKid. This is cheap for a reason. I have reduced my holding here but I'm going to stay invested in the hope that an agreement with the CWU can be reached and that the business can remain not just profitable but grow. At this moment in time the only thing growing at RMG is the operational costs. This can’t last forever and there will come a sink or swim moment for RMG and its employees. I hope this works out for the posties as they generally work hard and deserve good working conditions however its clear to see that the gig economy and other factors are all slowly eroding away at RMG's profits and the market is effectively betting against RMG. The market is usually correct in my experience so the price offered is probably fair given the circumstances.
Lots of Directors selling shares on the 27th March 2020 at £2.69. Any thoughts?
Don't forget Tesco along with other supermarkets are in line for a business rates tax holiday this year which supposedly will add another 500 million to the bottom line of Tesco. There's no doubt the additional staff will eat into the net profit but I'm expecting to see a large increase in full year revenue and that normally goes down well with the market.
If there's no dividend payment at least the share price wont drop a further 21.4p on the 24th April. Sorry, I'm running out of positive things to say at the moment.
"NAV is £3.5771 to the end of December.
Jeffries are valuing the share at or around NAV...no value for the brand, the strength of the business not future potential. Since 2015 the nav has increased from £2.61 to £3.57...
Earning per share of 63p...any buyer would need to pay 10x that to get a sniff of a deal.
Can't see them being for sale, but you never know...for the right price all businesses are up for sale."
Yep. £6.00 a share is a fair price.
here, here.
We are behind you Openreach engineers. Keep up the good work guys and gals.
"The clue may lie in the fact that BT bought EE from Deutsche Telecom with cash & shares. I believe DT owns 15% of BT shares. After the Italian scandal DT gave those shares to an offshore hedge fund to manage, so yes the shareprice can be manipulated"
I think its a 12% stake that DT have in BT. Didn't DT transfer their holding into their pension fund last year? Have you any further information about this offshore hedgefund?
Thanks for the heads up Alpha. I was waiting for you to sell as I knew that would be the catalyst for the BT share price turn around.
I've just been on a conference call and all our staff who use Virgin as their ISP are complaining about internet speeds being unworkable. Just thought I'd look it up on the internet to see if others are having problems.
Virgin Media having bandwidth and Mobile Phone problems
https://www.heraldscotland.com/news/18314301.customers-report-virgin-media-mobile-internet-issues-across-uk/
I think the chairs just blown over, someone will stand it back up shortly.
"They'll only think its loo roll"
HaHa. It'll be needed now the ****s hit the fan.
I don't think we'll get that 3.3 percent global growth projection for 2020 that's for sure. Japan and Germany were on the brink of a recession prior to the corona virus. With global rates at zero and QE making no difference the world awaits trumps magic words to save us all.
There will be plenty of money Smartman but it'll only be good for wiping your as* with.
I don't remember the nose dive being this savage in the last crash, them computers want out.
I personally would sell Centrica immediately. Its a steaming pile of dog poo. I just don't get the logic of selling off energy generating assets such as wind farms etc to become more of a services company. I mean what is Centrica these days other than a plumbing business with a few tech gadgets. I know it sells energy but literally anyone can do that. When it comes to races to the bottom Centrica is excelling.
Tesco announced the sale of its Asian operations yesterday, this has been in the pipeline for a while. The bulk of that money (8 Billion approx) is planned to be returned to shareholders in the form of a dividend payment. I think its more this pushing Tesco up than the coronavirus pushing it down.