Member Info for Mr_Rooster

“Every time you predict something the exact opposite happens”

Night that's a complement, Toff never predicted anything. She only states the obvious from the events that already happened. Fair enough she just posted that BT will cut divi to 5p….. ,which she shamelessly stole this from Barclay’s broker note without referring to the source. Nothing original or intelligent.
Bear in mind, we already got 4.65p interim divi for this year. The board stated in 2018, they will maintain 15.4p until 2020 and have not changed their policy yet but it is subject to revise from 2021. We are in exceptional situation, many companies cancelled dividend or payment after even going ex-div and did not face usual harsh punishment. So anything could happen. However, the dumb part is, her comment is against a company that has been least affected by this crisis and has much higher chances of paying dividend than many on FTSE.

She is not alone, 39 BT staff been assaulted or physically attacked by this kind of morons.

https://www.dailymail.co.uk/money/comment/article-8211113/BT-BOSS-stop-mindless-idiots-truly-believe-5G-Covid-19-linked.html

BUT ... net debt down 8.4%, revenue up 1.3%, divi up 58% and most important point is, TSCO is a viable business in current environment.

Sounds like investors cheering up losing income for a foreseeable time.

Unfortunately, there are higher probabilities that oil goes down than up in the near future unless something extraordinary happens. I guess one of the reasons oil companies share are holding up is for a decent dividend payments. Bear in mind, many FTSE companies cancelled divi recently , some even after going ex-div., i.e. good opportunity for company to cancel dividend now and be forgiven. RDSB has not cancelled divi in the last 20 odd years or more and they are cash rich. However, we are in an exceptional situation and the risk is quite high this time. Also, companies want to use government grants and loans should ditch the dividend.

“ Just remember Moneygecho that people will be losing their jobs, just so you can get a desired entry price.”

How RDSB share price causes people losing jobs? Low oil prices could lead to lay offs in oil industry. Oil is down ~ 4% and has not gone up yet today but RDSB gone up nearly 5% from opening price, what is that telling us?

I guess for a short period there will be no safe stock. When it calms down then as you said telecom and game including spreadbetting companies would be safe. I also think banks would do well this time and will benefit most from very low interest rate.

Two emergency rate cut in such short period, translates things are very bad. when Fed panic market panics. Lots of liquidity from Fed signals Corporate bond market is at the risk of going to implode and financial institutions are on the brink of getting margin called.

The guy who bankrupt casino got his wishes from the Fed, it will be game over if recession happens.

After PM’s reassurance Dignity has been shooting up. It is quite a sad state but seems it is a better hedge than gold or Gov. bond.
Ps: BA boss says airlines facing crisis like no others and IAG is up 8.5% ! Unbelievable

“ I do the ego round ere.
Behave”

I second that !

Thanks for update, am working today, can’t watch tv ! Quite scary going through potentially full blown crash . Lots of bargains out there, waiting for calmness in market in next few days to jump in .

Thanks a lot Velo !
Didn’t know this, I knew about limit down in commodities and futures.

“ The Dow is set up so as not to allow flash crashes again and will stop trading if necessary.”

How is that work? Is there a mechanism to prevent each share goes down from certain percentages? Cause in flash crash virtually no buyers exist. As far as I know limit down is not imposed on shares.

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.

“ That’s the phrase I was looking for”

That’s spirit Toff! Despite your lack of intelligence to understand analytical text, you have improved your English by reading velo’s posts. Keep practicing, you may find a partner some day :)

"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.