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"so like all your rhetoric it has no substance."
Fleccy don’t give these idiots your time. Let’s see how long they last before they get wiped out using their genius “gut feeling “ plans. Market is full of rag to riches to broke stories. Who knows, they may be already broke, just wasting their miserable life posting nonsense on BB.
“ You should try reading a telephone directory..,”
Sure will do, thanks for the tip !
As usual enjoyed your posts Velo ! I think the budget on the 11th is going to be a turning point for BT (good or bad). Hopefully, there will be great spending to cheer the public.
Technical analysis aside, I think the drop today could be related to Con. MPs plan to exclude huawei from UK telecom and the impact is has on BT’s balance sheet. However, government’s persistence on a limited role for Huawei in the face of the US objection and Jensen’s meetings with No 10 may be a sign that government cares about BT and count on them to play a key role in broadband expansion. IF budget is positive for telecom, chances are BT may receive financial support or even get compensated (or other deals) if they have to replace Huawei technology in such a short notice.
“ With debt now at 6 billion above equity BT's viability must be called into question“
Brother Avro did you know 5G causes coronavirus by sucking oxygen out of your lungs? That is because 5G absorbs oxygen, and that’s really important to know BT is a threat to us. Go and short the bloody stock until they collapse.
As we know Indices around the world are correlated to each others. Depending on where the events happen one of the indexes lead. As Dofa said, this time it is the US. However, IMHO market was itching for a drop and COVID became the catalyst. No body, even WHO don’t know the virus well, it’s mortality rate or impact. All we hear are speculations. This has more to do with aggressive valuations and bullishness in pricing in the US which might have happened as the results of automated or algo trading and it needed to brought down. Unfortunately, this has put FTSE shares in bargain basket. I don’t think the floor is 6000 or any other figure. Floor forms when confidence is back in the market. I personally think BT is in better financial situation than its competitors and it’s SP is hugely off but who am I in this crazy market.
Break from a new low
“Leave voters admit that although Brexit hasn’t gone entirely well so far, at least the government can’t possibly **** up the blue passports.
UPDATE: they are black “
Saw that last night Velo. Side effects of global panic.
A Twitter from Seattle
https://twitter.com/darcyburner/status/1234946039901085697?s=21
Good point Dofe, would it be a smooth transition? In such scenario there will be lots of uncertainties along the way.
“Begs the question why markets have been rising recently”
If WHO estimate of 3.4% fatality rate is correct, then it is 3x more deadlier than it was first thought . Market feels like pump and dump in massive scale.
Imagine economic impact of a month of disruptions similar the way China went through.
50 points in one go! So FED believe US economy is not as strong
Bu the way Toff, you are not restricted to FTSE. It is free country, feel free to trade any market you wish.
Adding to BoBett list,
More recent examples with 50% profit in matter of months are sse at 10.40, Lgen at 220, Bats 2360, Hikma 900 and Greges 1010, easyjet 880, IAG 440.
All looks promising .... Prices are up and across the board trading volumes are good.
This is despite negative predictions for earning come from companies e.g. Apple, Microsoft, Airlines, Automobiles,...
OECD warming on global growth.
Today Goldman says its U.S. GDP Tracker Points to Sub-1% Growth in Q1.
Turkey, Syria and Russia shooting down each other fighter jets.
I thought it should go down but most of the time I am wrong and market rational doesn’t agree with me
Lam, there are many young and healthy people among casualties, they were not all old with underlying heath issues.
That’s right Dofe, corporate bonds sell off instigate the domino effect.
Four more new death in Washington state today, how interest rate cut would help the situation?
https://www.wsj.com/articles/coronavirus-spreading-faster-outside-china-than-within-11583142293?mod=djemalertNEWS
So let’s leave it to Mr Trump who said virus spread could be dissipate by April.
“Not to mention there's potentially a worldwide market crash to fit in there somewhere.”
Absolutely, not arguing with this or SP floor. Taking inflation into account, the current share price is not far from the 80p in 2008, but who knows this time might go a lot lower or the opposite as it has been hammered for a long time and penalised several times for potential divi cut.
Zkid,
IMHO, You are kind of right but I think BT compare to its competitors and within the sector is significantly undervalued and that is the case for me to invest. Based on balance sheet (unless some insiders know something and smelling crap) , I don’t think that it’s low PE has anything to do with its business or future earning. On par with VOD, talk or Centrica, BT looks at least 70% cheaper. I get Velo’s arguments about BT&EE current valuation but if these were two separate entities, there combined values would have been vastly higher. To me there are more rooms SP goes up than down.
Found this yesterday, is quite a nice read.
https://www.wsj.com/articles/market-technicians-think-the-selloff-isnt-over-11583083898?mod=article_inline