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Paddy Power owner plans to quit FTSE 100 in fresh blow to London. Clearly they think they are takeover fodder even at £16 a share. Don’t blame them.
Here’s Hoping.
Telegraph Article. Britain’s stock market is tipped to outperform US and EU benchmarks this year as money managers across the City predict a bounceback for the unloved assets.
British equities will deliver 9pc returns over 2024, Goldman Sachs has predicted, beating projected returns from the S&P 500, leading eurozone markets and Japanese stocks.
Over the next five years the Wall Street bank expects average annual returns of 6pc from UK stocks, which is among the highest returns of all asset classes looked at.
It would represent a significant turnaround for Britain’s stock market, which has traded at a steep discount to rivals in recent years.
Brexit, political instability, pension funds turning their backs on the stock market and Britain’s slow recovery from the economic blow of the pandemic have all been blamed.……….
Sadly Poker I can identify with your frustration. However, my shares identify to there being a bid, and a rollercoaster ride this year.
Bert, I think you might be confused between a Bid and what happens there after, ie a Bid that is successful or rejected. Im happy to have a Bid first and foremost, what happens after that is new page in another chapter in BT.
DYOR
Welcome back Gary Cooper. Roll on a bid.
Well, if BT’s competitors were mirroring BT and may well be open to similar class action, this might the final nail in TalkTalks coffin.
SonOfMichaelMyers, who’ll take any bets??
Average cost and take up graphs very interesting, what’s not to like there. C’on Polo even little old you can’t help to be positive about those.
Januspilot, you can add Dido Harding’s name and underline it.
Very good MLH, that’s the sort of creative humour that’s more appreciative and sets up the weekend for everybody.
Indeed Rodney, I remember similar sentiment with Sky prior to you-know-what.
I read this morning that there was a 55pc increase on British listed companies being picked off/bought up, because their under valued status, on the UK markets. A topic raised by Fleccy recently I think.
Blue, Drug dealers and organised crime syndicates wouldn't be able to operate, as their burner dumb phones still operate on the 2G text and voice platform. Have a heart. 😉
……. Hopefully with a bid, successful or not, but a bid none the less. Good luck all.
AP, take a week off, go on a few extra runs, take up a new sport, reassess your investment strategy as Casapinos championed a few days ago. You’re quite a cold character for such a hot head.
Blue, don’t be too harsh on robots, even Daleks have learned to tackle the stairs in recent years.
This has now evolved into a textbook case of crybully, engaging with bully boy behaviour whilst claiming to be the victim. Nailed on!
Sadly Rodney I’d agree, If what’s keeping the shareprice at its current lows, is the overall debt pile and the pension deficit, then reducing these significantly, would increase the shareprice, or the overall value to BT. Let’s say BT were to come across £10b, (I know bear with me) then on its current value and market metrics, the shareprice should increase by a quid. (10b shares at 125p = £12.5b. Thus adding £10b to make £22.5b = 225p per share ). If this £10b was used to pay off the pension deficit and reduce the debt value, the market value would be worth significantly more than 225p per share. I would value BT at more than 400p per share, being pension deficit free and less gearing. And the world and their wife knows this. So does Drahi et al.
Although Starmer is 10,000 times better than Corbyn, we still have a PM candidate without a backbone, in being scared to define whether a woman can or cannot have a John Thomas.
You make a valid point Savage, in economics (as I remember from decades ago) is a term called The Propensity to Spend or Marginal Propensity. Where the Gov decides to spend money to stimulate the economy, when the private sector have turned of the investment taps, on such things as building schools, hospitals, prisons etc. Rule of thumb as it was argued at the time, where for every Billion the Gov spent, it made £2.5b back, in stimulating employment, they then spent their wages on goods and services in the community, the community made more jobs and so on, and they all paid their taxes, plus VAT. The benefit of the x2.5 was over 5-7 years. With Germany teetering on the edge of recession, such a call by either Labour or Tories as next HMG may be the appropriate path of action, under the banner of investing in the future.
DYOR
Sometimes I have the feeling I’ve wondered into some kind of captive audience situation like Time Share selling, where they give you the intensive hard sell in the hope you’ll break and give in. Enter Divi Reinvestment, whether this is a good idea or bad in principle that up to the individual, BUT in BTs case its the most useless piece of advice that has been given to any human being. Take the divi and invest in another share, Market, house, classic car, TRACKER, spend it, but reinvest in BT, god no! You wouldn’t try to catch a falling knife type of investing, so why would you plough your hard earned divi’s into a share that has been falling for 8 years.
DYOR.