Member Info for Mr_Rooster

Upinsmoke,
You know that the sept RNS was a Pre-Close Trading update? The intention of pre-close update is to just give an idea to investors what is going on. It is not to present figures for the trading year that has not been finished yet. The year end for IMB is 30th September. Not a single company I have traded, has ever presented more details as IMB did for its preclose update.
They warned about e-cig/vape sale in the US, which last year generated £200m “Revenue”, IMB revenue is in excess of £30B, i.e. less than 1% of their total sale. In the report they said 2019 targets are single digit higher than the last year. Why do you suggest a dividend cut and insisting on it when the sale is in line with last year ? Unless you have inside information that is not available to public. I would be eternally grateful if you share your knowledge with us.

What is the last day to buy PRU to be eligible for demerger? i.e to get M&G share fir each PRU shares.

serious large volumes trading almost doubled the daily averages so far. Any ideas what is happening?

There is a good chance that sp goes up around 20th because of dividend reinvestment, but let’s hope that politicians behave and stay away from Twitter for a week or so :)

More positive noise about Telecom sector.
https://twitter.com/simonclarkemp/status/1166331121753296896?s=21

Talking about market confidence and share price is total BS. Market don’t think, prices come through a collection of human beings (often herd mentality) and AI trading. This may or may not be relevant to the company’s fundamentals. A sound investor buys at the times of hysteria and sells to the insanity based on their own judgment. Given the BT’s reports and information available publicly, I personally did not think that the last Nov rise to 260ish was an insane price so I did not sell although I could make a good profit. But I do feel 160p is “hysteria”. BT had its ups and downs 80p, 500p and £10. I have a sizeable position and keep buying every now and then until situation becomes clearer.

“how will that pension deficit look the way bond yields are heading ..?.”
Andy,
I dont know how but this article in FT says it is going well.
***How hedge funds are thriving in a world of negative-yielding debt***

“Never shoot the messenger” but Fleccy never called this nutter a messenger. Messenger is just a clueless staff with no idea of their own.
For the record, many large companies delisted themselves from NYSE because of expensive fees and reporting costs like Bayer, it has nothing to do with “more bad news”.

It is not just BT, there is no hiding place in today’s market. Big sell off everywhere on curve yield and UK, Germany contraction?

“Well guys I did tell you so!!!l”

Avrohom
You posted that you took long position for divi harvesting a few days ago hoping to sell at 180. I never saw anybody in real life so excited about loosing money ?!?

Financial Times:
UK economy contracts for the first time in seven years
The UK economy contracted in the second quarter for the first time in almost seven years amid rising Brexit uncertainties and weakening global growth.

Output fell 0.2 per cent in the second quarter, worse than the flat performance expected by economists and down from a 0.5 per cent expansion recorded in the first quarter, according to data from the Office for National Statistics. Britain’s economy has not contracted since the final three months of 2012.

“If you think a Johnson led administration is going to be more BT friendly you are living in la la land imv.”
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I think it is about openreach not BT. With the tight timeline of 2025, openreach could well be on the spotlight. Sky uses openreach for its fibre and have no plan for their own network. I agree this isn’t the only option and is possible to come up with few contradictory scenarios. But on this occasion I bet on BT and bought more as I think Bojo’s admin needs trading deals and might make some unanticipated moves before October.

Fruitster,
Good list,, with discount of no deal brexit priced in and expectation of interest rate cut, I think it is a good strategy repositioning portfolio with high yield stocks. I also got Legn and Bat in my portfolio. Non correlated shares from solid companies.

Arsenal, I was sarcastic in my post, responding to earlier post by some professional traders. Anyhow my naive assessment came from, MC minus £12.5B paid for EE which leaves leas than £5B for the rest. IMO BT is either seriously undervalued or there are some news kept away from public.

Everybody knows it is going to go to nothing. Experts sell because it has been a thing to do with BT :) EE aside, market value for openreach, BT and plusnet worth less than £5B.

That’s true Longish , good point.

a) SP 170 or less tomorrow
b) Sterling at its lowest against Euro/USD
c) Big divi payout to DT
d) Bojo’s ambition to rollout fibre broadband and likely to relax some hurdles.
Are these encouraging enough to trigger a cheap hostile takeover offer for a company that makes good profit?

The article doesn’t take into account reduction of pension contribution from £2B in FY19 to £1.2B in FY20 and 0.9B from FY21 onward. Also doesn’t take into account year on year price increase. Adding these up you get more than the £1.5B needed to cover dividend. Remember, dividend rate was increased due to the share price going down.

Deutsche Bank going to exit equity market, seems like they did not get it right for themselves, ditching €288B leveraged assets to bad bank. Any how they still keep the research arm ! “DB has unveiled one of the most radical banking overhauls since the financial crisis, closing swaths of its trading unit and hiving off €74bn of assets as the struggling German lender calls time on its 20-year attempt to break into the top ranks of Wall Street”

The DB analysts loosely says CAPEX increase which is obvious but doesn’t say by how many percent or £mil, as it may well be under control. However, they then today in a separate note rated Vodafone as buy with 240p target price, almost 100% price rise. BT and Vod have their own issues and strengths but it is not like that one is broke and the other is a shining star. Good luck to anyone invest based on such broker notes.