George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
How about a close of 155p?
Well you have got the share price spot on up to now. What if RMG employees see sense and abort the strike. What is the ultimate low on this for you (Short term) and will it finally make you invest or are you just going to short it?
You're creating a rod for your own back not Rico's back. Why blame Rico for taking on a business that encompasses a letters business which we all know is rapidly in decline, Rico's trying to make the necessary changes. RMG's very existence depends on these changes. Good luck with all this RMG cant go bust business. Vince Cable said he felt vindicated that RMG's share price is where it is today and that the coalition government knew this was a failing business, now that RMG are no longer nationalised the government doesn't even care. Go ahead and strike, it will only make your predicament worse. As for shareholders well they will just hit the 'Sell' button and move onto something else. Its the hard working posties that will ultimately suffer.
I've not added yet but I will be doing after monitoring the SP over the next week or so. I'm not seeing a quick turn around here. CWU and all other uncertainly around at the moment likely to depress this for longer. I'll probably buy a small amount to hold again but leave some cash for the next potential drop in price. It cuts deep catching these falling knives.
The china stimulus and divi reinvestment means this is probably going to be an up day for BT. That 157 low back in august last year is still holding out thus far. A pattern I'm noticing is that when everything else is going to sh*t BT has a slightly better day than other stocks (still bad mind you but not as bad) but then we get the standard slow FTSE ascent BT goes into reverse. Its got me wondering if BT will be one of the few stocks holding its ground when we get the next sell off. This is supposedly a defensive share after all.
No, the worst customer service goes to Talk Talk in my experience. They are awful. I look after many different circuits provided by BT and I just happen to find them very good, even more so this last 12 months. For the business stuff I always dealt with a UK account manager and they are great. For home based broadband BT were terrible when the call centres were out in India, I found it realty frustrating being a technical person speaking to someone who is working from a script with poor English. That's all changed though now. I have seen a massive improvement on the last few occasions I have had to call BT.
Could there be a method to Jansen's madness? Why would he overplay the negatives? Perhaps he's looking for some help towards the costs of removing 5G from core locations or perhaps thinking the regulator might give a bit more wriggle room. I thought the results were OK and I'm relieved that its only 500m to address the Huawei issue.
Nothing's really changed here except the share price is over 7% lower today than it was yesterday and its 20% lower than it was a month ago. I didn't know the Huawei ruling would cost BT £500 million to sort out but I did know it would be expensive. BT are still set to meet full year guidance though.
I'm not one for conspiracy theories but there is something in these DB forecasts that's just not quite right IMHO, the timing of the forecast is usually when sentiment towards BT is changing or results are due and the full effects of Brexit on markets are in play. Their forecasts up to now have been more accurate than others but my advice would be to do the opposite to Deutsche bank and at least that way you may have some success. Duff Bank are sinking and have been hit before with fines for violating laws which prove to some extent there is corruption within.
Some good info there for posters / readers that are not aware of those additional benefits of moving to FTTP. This in combination with looser regulation should see us much more profitable in the future. The market appears to be punishing BT for investing in its future. Its not like its investing and wont be rewarded in the end, there will be more people than ever using Fibre and Mobiles.
Thanks for your thoughts / input on this Velo. Its really appreciated. I believe the share price was lingering in the mid 170's after the Q2 results if my memory serves me correctly so not much progress being made here for the time being. We'd just delisted from the NYSE then and No Deal Brexit was firmly on too which was adding some negative sentiment. Only notable things I'm aware of changing since then are the sale of the Spanish business and the loss of the virgin Media contract.
The year low is actually 157.68p
Deutch Bank don't know their ar*e from their elbow. They need to start spending more time getting their own house in order. Last forecast from them was 'Reiterates sell' with a target of 169p up from 165p. What pointless drivel. I also noted they made about 10 forecasts of sell in December. Do their brokers have tourettes or something or can they not control the mouse attached to their computers.
Nice one Lamtree, I'll give that a go.
Yes ,someone's been lazy to allow the SP to be decimated like this so perhaps taking a few chairs away will help. Some valid points there Lamtree but I don't agree with them all. PlusNet is essentiality BT's bargain basement broadband offer and I just happen to use them myself. I worked for an MSP in Manchester and the majority of our business customers used PlusNet and I found them generally very good. I switch everything every year and Plusnet will usually be there or there about for the cheapest broadband / Sim only deal's. I have recommended PlusNet to all family members and friends and the feedback they give me is also very good. EE is pricey but they capture the premium customers, and mobile phone coverage is the best, even better than O2.
BT had a nice rise on election day but that was short lived and understandable given that Brexit is by no means resolved. All the UK stocks I'm interested in are going down right now and I believe these are buying opportunities, for me its been a bit like trying to catch a falling knife but once I have spent the rest of the money I have allocated for the stocks I want I'm going to switch off for the next few years. I only started buying properly again when Brexit came about. I just love the doom and gloom of it all :)
"Probably selling office furniture to pay the divi,s"
HaHa…… Made me chuckle that Lamtree. This latest drop in share price is drastic and you did the right thing selling out for now. Will you be tempted back in soon I wonder?
OK, whilst I've got the opportunity I'd like to say thanks for your thoughts and posting your views. I think we are seeing a similar story here but others may see things differently. Everyone's entitled to their views however I'm shocked by the amount of people bashing going on. What's the point! I don't chat much on these boards but If I do its only on the shares I'm interested in and If I'm looking /posting its because I want to buy, not because I want to **** someone off.
Thanks Fruitster, I was quite pleased with that trade as I'm rubbish at it generally. I normally start buying shares when they look cheap and then buy more tranche's when they get cheaper and only sell when they rise about 25% from that buy point. Its a strategy that has worked well for me in the past. I was so tempted to sell just before the election result thinking I'm well up here but your comment about 2.50 was part of the reason I held for a bit longer and I'm glad I did. I genuinely believe we will be OK here, UK letters business practically valued at 0 so there is no more downside for me, this is a parcels business now and the only one that can also do letters so we have that as a nice little earner on the side. Post will always be here and it will add to the bottom line. I think the rise up will be gradual unless the USO gets binned or we sell off parts of the business. I also think royal mail needs to make more of their land value assets and numbers of vehicles.
Fruitster has been completely on the Mark several times. I saw his prediction of 2.50 come in and I was thinking it wont go that high but I held on and then sold the majority of my shares at 2.50 as I thought that might be a barrier to further gains short term. I thought RMG would fall back based on the punishing drop we got on the last results and the fact no deal is also a possibility again. I will be buying back in again soon if we get near 2.08 and then another tranche below £2.00 if it gets there but I'm in no rush. Keep up the comments Fruitster and good luck with your investment. I am a long term investor in RMG but I think RMG is ripe for a kicking at the moment so trading it the best I can with 2 small positions currently on hold.
Very weak them supports here I'm afraid. There is good value in BT.A but it looks like the major investors are in no rush to buy this up with the investment needed in Fibre broadband \ 5G and the increasing pressure on the dividend. I think an improvement in EPS and reduced net debt would get things moving upwards. Lots of changes going on within BT though to hopefully stop the downward spiral on the share price that started in 2016. I have to believe we hit a bottom at £1.60ish as that's not far from where we started in 1988 and we didn't even have the internet then and hardly anyone had a mobile phone, Ha Ha, WTF is going on. Just Eat will have a larger Market cap than BT soon.