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National grid held up well yesterday though and plunged today. I'm wondering if I should sell these as they are the only shares I have left in the blue.
I travel a lot between Manchester, Blackburn, Preston and Bolton and there are Openreach vans everywhere. Lets just hope that means lots of FTTP installations taking place rather than too many workers hanging around twiddling thumbs.
136.5p is looking like a good price at the moment. Lets see how this 135p support holds up over the coming weeks.
This is just moving with the FTSE now. Nothing BT specific. I'm looking to buy 2 more tranches here. Had a tranche at £1.53 which I have sold at a loss (£1.49) to buy back in again when the Markets settle down.
I have 2000 shares at £2.50 and 3000 shares at £2.00, I'll add another 4000 shares around this level, if I can get them cheaper then great. I'll add 6000 shares at £1.00 if it gets there and that's me done with BT as I suspect BT will be on the verge of going bust at that stage.
Lighten up Toff. Velo's a veteran on these forums and he's very knowledgeable on BT. I happen to think his contributions are invaluable plus I like the way he expresses his emotions and thought processes concerning this share. Its been evidenced that others feel the same way.
Price is reported incorrectly here (LSE) I'm seeing 156's in trading account and with google.
Gollum's back at the underground lake beneath the misty mountains making a tonic water which is going to put Fevertree out of business.
I'm still not convinced about investment in India. I am a VOD holder and the Indian government welcomed Vodafone with open arms and then pulled the rug once they were heavily committed.
Very informative Velo. It must be said that you definitely pull your weight around here.
So basically, a downward adjustment of approx 100 million for 2020 and approx 180 million for 2021. We are already aware of the 100million per annum cost to remove the Huawei kit at the perimeter plus the Virgin Media contract loss which if memory serves me correctly accounts for around 200 million of revenue so I think this will be pretty much what the market expects.
I still think the key performance indicator will be the cost savings, can BT drive through that 1.5 billion of savings quick enough. If we get another increase in Net Debt combined with declining revenue on the Q4 results I'm afraid the downward trend may well continue.
"That would be a bad move on many levels. OFCOM's primary objective is to promote competition and protect consumers. If BT did what you suggest, OFCOM would just level the playing field under pricing controls and the money would just go up in smoke and BT wouldn't get to beat the competition on Fibre coverage"
Just to be clear, I'm not suggesting that BT should take that approach. I'm trying to make the point that BT have perhaps been a bit of a soft touch. If OFCOM's primary objective is to promote competition then they also need to look after the current providers.
I don't have a clue what Avrohom's saying either.
@Fleccy,
Some would rather see BT cut the dividend altogether, halt investment in the fibre network build and instead undercut the competition to take market share. If BT did this the likes of Talk Talk etc would likely go bust as they only survive because they are the cheapest. BT could use the billions they are saving to eradicate the pension deficit in a couple of years. This type of big bully strategy would probably sit well with the market. I think BT are on the right track but they now need to be making it clear to OFCOM that its no more Mr Nice guy.
I agree with the dividend cut Teslo and buying back shares is not a bad idea. Half the dividend money could be used to buy back shares and the rest pumped into the transformation. Rico's a massive shareholder and this would show his commitment to turning things around with no compensation for his investment until the turn around is completed. I'd be up for buying more shares with this strategy.
I am Spartacus! Fight for BT. Right I'm signing out to watch Ben Fogle - New lives in the wild.
Was it Smeagol or Gollum that said that?
Calm down Gollum, it sounds like you've dropped your precious ring again.
68p HaHa. Wasn't that the share price in the Great financial Crash and prior to the purchase of EE valued at 12 billion? I'm amazed its around £1.50 to be honest and it does look like it still might go a bit lower but BT is already on a PE of 6 which shows you the Market is valuing it very low already. The copper in the ground that's owned by BT was worth 50 billion 10 years ago.
4 million shares traded and moving south. Looking to test that 168 low. Will FalklandInvestor get it right?
Yes NigeCo, factor that in with inflationary increases in package prices, lower maintenance costs and improved customer service.
"OK, yes telecoms has been evolving and therefore needed lots of upgrade cycles along the way . On the transmission side of things, we've had analogue to digital, then PDH to SDH to DWDM to the latest DWDM with OtnFlex. Voice has gone from Analogue to Digital as well, with VOIP being the latest offering. Mobile 2G to 3G to 4G to 5G, 6G is going to be used in enclosed densely populated areas and is really just an extension of 5G. Once FTTP and 5G is completed, there's no further upgrade path beyond that, that I can see"
Very well articulated Fleccy. That's exactly why I'm invested here. I'm slightly biased towards BT because I understand technology having worked in IT for over 20 years and dealing with BT regularly throughout that period so perhaps this is skewing my financial judgment a little. Some people think BT is down and out but I see a bright future here. I refuse to believe markets don't see that too. Telecoms are in the doldrums so we have to go with that narrative and the prices may go lower. I will stick with my strategy and keep buying a tranche in dips when I feel the time is right. I'm hovering over the buy button right now actually.
Sorry Fleccy, I don't know what came over me. Oh I've done it again.