I got quite a few and am down ~80p a share, roughly a low 5 figure lose. Have no plan to sell even if goes to 68p. I am an income investor (not retired though), to me it is like a property investment and the tenant pays me 6.5% annually. However, seeing the crash of 2008, I think BT is here to stay and is a safer investment than property, that’s why I am not bothered with low price right now. When prices goes back up, I will only think about selling if there is better paying share with lower risk.
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.
RE: Today's close: Meh!! And another can of05 Mar 2020 23:10
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.
RE: BT IN FREE FALL after plunging 4%05 Mar 2020 20:27
“ 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.
“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.
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
“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.