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FTSE at (or near) an all time high, BT near an all time low, sums up the stock market, corrupt and manipulated.
Loss making companies worth multiple billions, profitable companies unloved and undervalued.
Https://news.sky.com/story/new-bt-chief-dusts-off-plan-for-sale-of-irish-corporate-unit-13117200
Are we following other UK Telecoms companies in selling off our overseas assets?
Think they'll follow Voda and reduce
@IP3LY, you bed and ISA them (sell and repurchase), sell them from a trading account, transfer the cash into your ISA and repurchse the shares. You normally get less than you sold.
FTSE, pretty much flat, BT down nearly 3%, what's happening???
I don't want a bid for the simple reason we may get 50% upside on the current price, but long term I believe there is much more value in the company. We've all taken pain over the past years with the majority of us paying much more than the shares are currently valued at by the market, why take a short term upside and let the new owner reap all the long term benefits. Thanks but no thanks. I'm certain there will be significant job cuts in the near future and then the true value of the company will be seen.
I guess the price has been dragged down by the negative response the the VOD numbers released today, hopefully will pick up later this week
So BT has currently had over 40M shares traded, more than double the usual market leader for trades Lloyds, any thoughts why or is it down to Fleccy's divi reinvestment ;-)
Good to see the CFO has enough spare time to pick up another role, personally I'd rather he focussed on BT and turned the pitiful share price around.
"Simon Lowth, Chief Financial Officer of BT Group plc, will join the Board of Smith & Nephew plc as an independent non-executive director and a member of the Audit Committee and Nomination & Governance Committee with effect from 1 January 2024."
So you have to ask, what are DT doing so differently to BT. Are they not as regulated as BT are, is their pension in surplus?
The BT bashing seems neverending
https://www.ispreview.co.uk/index.php/2023/07/numis-report-warns-bt-underplaying-the-risk-from-uk-altnets.html
You can register to attend if you've 2 hours to kill this afternoon
https://www.bt.com/about/investors/financial-reporting-and-news
Give it time, I'm sure others will jump on the bandwagon.
Now up to 24.5%
https://www.proactiveinvestors.co.uk/companies/news/1015730/bt-s-biggest-shareholder-altice-raises-stake-to-24-5-1015730.html
I assume we should be hearing OFCOMs decision soon, as the scheme was due to start on 1st April and Ofcom delayed it by a couple of months it must be imminent?
Could see the share price rise and the start of a number of legal appeals
We always get negative news around the time of results being announced, look out next week for VM announcing they're expanding their fibre deployment, Alt nets have raised more funding and will take more business from Openrech etc.etc.etc. Happens every time, and then afterwards nothing happens, all empty noise.
So the good news we're increasing the dividend, the bad we can't count and we've been overstating the NAV, how can companies not do the basics correctly.
https://www.lse.co.uk/rns/NESF/quarterly-net-asset-value-and-operational-update-vy0926hkpzdbb44.html
https://www.bt.com/about/bt/our-company/group-businesses/business
Sadly there's still a few names on the list who needed to be moved on, could never understatnd how certain people failed at every role they were given but still remain in a job
Another wonderfully hopeless economist and X treasury civil servant, you'd think the job description for the role would at least require a background in media/telecoms. Ah well perhaps she'll move onto a role as a retail CEO and he hopeless at that as well.