Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
MASSIVE YAWN!!
Dofe, Fiscal stimulus does seem inevitable. I hope you don't mind me asking you a question? What do you expect the long term effect's of stimulus to be on inflation. QE has propped up banks, markets and asset prices previously but it feels like we are almost back where we started in 2008 /09 with debt everywhere.
They've had a few credit rating cuts though Fleccy and despite a 2 billion pound contribution towards the pension deficit it actually increased. BT's debt has also been increasing even if you discard the changes to accounting rules. With declining EPS and increasing debt its important for others who may be considering this as investment to know there are some risks here. I agree with what you say mostly but I never hear you talk about any negatives.
I wouldn't get too excited about my analysis Fleccy. Metaphorically speaking some would consider BT to be on life support because its hardly fighting fit. The share price tells you that, no further explanation is required. I'm an investor here and believe in the company long term.
Brexit, Dividend cut and Coronavirus just to name a few. I was trying to put Aus3009's comment into perspective considering the current market situation. BT will never be in the coffin but they might end up on a life support machine.
"Anyone else think this collapse is second guessing a Sky / Virgin bb wholesale deal?"
That's the least of BT's worries right now. It would be another nail in the coffin though.
HaHa, I was responding to Toff but you managed to squeeze your post in the middle. Nothing wrong with a bit of equity shopping Lamtree.
Yes, get down to your local supermarket and stock up on dry foods and stuff that will keep for a while. Its a stupid idea because its really not necessary however others will do it and leave you without.
Aviva is a great company, one of my favourite stocks. It should be 6 quid a share easy IMO.
"I understand that. My point was that the Virus isn't showing a big impact in the UK, or US yet, is now the right time to be jumping in"
I personally wouldn't be jumping into BT as we already have positions Fleccy. We are taking the dividends and we will also benefit if BT suddenly announce spinning off Openreach or an acquisition is announced. Those sat on the side-lines don't have those benefits. There is uncertainty over the dividend (we might find out more in May) and a potential 'No Deal' Brexit lies ahead. I agree with Toff that this most likely isn't going north fast anytime soon. All I'm seeing is a smidgen of support at 135p and resistance at 145p.
Its the rate cuts and support from central banks IMHO pushing stocks up, will that be enough to stop a global recession? I think there is more panic selling to come yet.
We can't lose.
"What i don't understand is that the world is on the verge of a pandemic and although the virus is mostly non lethal, it still has the potential to freeze up supply and hit demand and the markets are rising, go figure."
Come on Fleccy, you have to be greedy when others are fearful remember. Even when fearing for your life you should buy the dips. If you survive the virus go all in. The FED have got our backs. We cant loose.
Toff,
As a professional trader working in the environment that you did how come you are investing in companies instead of just trading shares? Are your investments just trades that went wrong or do you believe that investing stands a better chance of success? I'm intrigued because you appear to distrust Market Makers yet your allowing them to manipulate your hard earned cash.
I thought someone on that website had managed to get their hands on Mystic Megs crystal ball but then it occurred to me that if they could see 2 years into the future why would they go to the trouble of making share price forecasts on a ****ty website.
Interesting what you said about Tesco BoBetts. I remember that credit rating cut for Tesco but I wasn't aware of the 60p forecast by the same site.
These guys have BT at 77p come March 2022 - http://poundf.co.uk/bt-share-price-forecast.
They have also forecasted 37p for Lloyds over the same time frame.
Well, BT doesn't appear to like 135p Avro. I'm going to buy again very soon. I'll be patient and wait for the 3rd re-test.
I've been watching a few gold miners but that gold / silver sell off is savage. That's not supposed to happen in a correction, that's more a sign of an imminent crash. Come to think of it would China really shut down all its factories if COVID-19 is just a bad flu?
How are those mining stocks doing Lamtree?
The money has to go somewhere. BT's fundamentals should attract some of that money that's been in the over inflated US equities. BT pays a big dividend at the moment which can help cushion the blow.
Wow, the BT share price going up when everything else is going down. Its usually the other way around.