Member Info for NigeCo

Me too Velo, always a pleasure to read your well informed post's, always with evidence to back up your comments. Cheers mate.

Matherdj....."I think the results out in May will be looking better than the markets expect. Not by much, but a bit. Let's wait and see when they're released."

I agree and the market will realise that BT are a safe haven who will still be paying out a very good dividend yield at this very uncertain time. At this point the market will re-rate BT. Talk of a rights issue is pure fantasy. JMO of cause.

https://www.proactiveinvestors.co.uk/companies/news/917405/media-companies-will--not-be-materially-stretched--by-coronavirus-crisis-ubs-suggests-917405.html

"Velo has previously posted that he uses paid online trading tools, maybe he has more info and can enlighten us?"

I agree Fleccy, Velo would have the answer.

"It was actually listed twice, but i'm assuming it was a single trade.
Time/date of execution Price Currency Volume Trade value* Trade type Trade flags MIC
16:35:23 14-Apr-2020 127.60 GBX 20,000,000 25,520,000.00 Off-book TNCP LRGS XOFF
16:35:22 14-Apr-2020 127.60 GBX 20,000,000 25,520,000.00 Off-book TNCP LRGS XOFF"

Someone paid a 3.45p premium to the closing price.

yes that's right lamtree, I could have also added that you really should pay more attention to the boards comments. Lol

Didn't he get a bargain at 4.00?,,or was it 3.50?,,,or was it,,,,oh shut up Nige.

I'm not sure that Fleccy bought at 400p or 350p? NOT according to what he disclosed on this board.
From memory Fleccy bought at 294p and again at 182p average price about 267p, but I could be wrong. He will make a profit with dividends included. Time will tell.

Lamtree.........."Pretty irelevent Nige,if it goes 106 do you still think its a good buy?"

Fleccy got a bargain at 107p. Given time Fleccy will double his investment at least that price.

Hi Jake, I couldn't agree more with your comments. I was also lucky enough to be invested in Norwich Union. I'm currently underwater in BT, but I have every faith that BT will recover and intend holding for a good profit. GL

Jake....."you have Norwich Union as a company that dropped out of the FTSE???"

If I'm not mistaken Jake, Norwich Union were taken over by CGNU, CGNU have now been renamed Aviva.

Lamtree...."I didn't buy at 107 as I expected a collapse,you bought at 107 because you dont care if they collapsed or not."

Lamtree, are you admitting that you made a mistake? You thought that BT would collapse further (below) 107p?

Would you now agree that at 107p BT were a good buy?

"Nige,again,read posts,I've been in and out of BT ever since the Italian scandal fleeced us all dry,how else do you think I got my money back?
Made quite a few quid off the election swings and as I know the share pretty await points to make a few more quid off the schysters.
I am always unbiased in every stock I trade,you seem to think its negativity,its not,I'm being positive in finding out a companies failings and not looking for its rainbows."

Lamtree, the Italian fraud problems was before my time investing in BT. If you thought that BT were a good investment at 400p in 2017, at the time of the fraud, don't you think that they're now a good investment at today's share price of 125p. I'm sure that if any investor had the opportunity to purchase BT at today's price back in 2017 they would have jumped at it.

"Nige,velo does have shares,learn to digest information from an unbiased position instead of happy clapping and only listening and digesting ramped up bullsheet."

Lamtree, I thought that I was correct regarding Velo not holding any BT shares, I was willing to give you the benefit of the doubt, but Velo puts the record straight.

Fleecy...... "At the current P/E, BT is super cheap on fundamentals, i suspect even Toff would have to agree on that. The price has been beaten down lower than bargain basement, so i don't really understand where the risk is with taking a punt on BT. It severely weakens Toff's and lamtree's arguments, since they wont change the record no matter how low BT goes. I previously mentioned National Grid as having a P/E over 20, compared to BT's currently around 5.6. I would say that National Grid carry's a far higher risk of price declines than BT, so at the current valuations, which presents the greater risk?"

Lamtree, Fleecy's comments above makes a very compelling case for holding BT, that I also share. Maybe you should look closer to home for the one who has a biased opinion regarding BT. Maybe it's time for you to sell your holding in BT and join your mate Toff in pastures new? You clearly have lost faith in BT, this may help you going forward.

Toff......"Over the weekend Fleecy and his sidekick Velo (they work in tandem) wrote chapters and chapters trying to convince themselves and others that BT’s dividend will be maintained. (I really do wonder at their motives)"

Toff, has far as I know Velo doesn't hold any BT shares so how can you claim that he has a motive? Fleecy has also been open and upfront even going to the extent of disclosing his personal shareholding in BT. I find both Velo and Fleecy's comments rather informative and well put forward, whereas you Toff, come over as patronising and arrogant, because you were an ex trader trader. I may have you all wrong Toff, but that's the impression I get.

Toff...."If there’s one thing I should have learnt from trading stocks - it’s to avoid dividends. Dividends bring nothing but grief. You pay for the dividend 3 or 4 times over with capital loss. Dividends are a reason to avoid a share. especially if it’s over five percent."

Toff, I've always invested long-term in good paying dividend shares, and made a good living from it for the past 24 years. I'm living proof that it works. I see no reason to change strategy. Good dividend paying companies can get you out of a bad investment over time with dividends received reducing the average price paid. Each to their own.

Toff...."I think you’ll find that 95 percent of BT shareholders are sitting on a shocking loss"

Are you including yourself in that Toff?

Toff..... "It still shows BT in a fairly positive light; a dividend cut is better than no dividend at all. And I think you’ll agree most BT investors are expecting a cut."

Yes I agree, I'm also expecting a cut in the dividend from 15.4p to 10.00p for the full year. Like you point out Toff, this may well be received favourably by the market in the current environment. This maybe the ideal opportunity for BT to cut if indeed it intends to cut.

"European telcos are thought to be somewhat of a dividend safe-haven even in a pandemic-induced recession scenario, but Barclays warns there are some risks of 'political' pay-out cuts.

With cash at hand to cover at least 24 months of refinancing needs and no pressure to preserve cash as capital buffer like banks do, Barclays says the sector is a "relative dividend safe haven in these environments given their strong and resilient FCF generation".

The investment bank recently cut its free cash flow estimates for EU Telecoms by some 10% for COVID-19 but believes dividends are relatively safe with the only risk appearing to be political.

Some "telcos could feel some pressure to make financial concessions to wider stakeholder", Barclays argues, noting that governments could impose restrictions on companies requesting state aid.

Following cuts at Telia and Proximus , Barclays now models a dividend cut only at BT , while KPN is seen as safest."

Toff, after reading the above comment I wondered why you had posted such a positive article, until I reached the final paragraph and all became apparent as to why.

"Any chance of this going down again? Looks like we may have missed out on the bottom."

Yes too many fools waiting for and predicting 20p.

"it's now 2 weeks since the UK lockdown started, so the thing to watch for will be a tail off in hospital admissions and cases, but death rates to continue climbing for a while longer, as the serious cases spend weeks in hospital before dying. If hospital admissions and reported cases do start decreasing, that would indicate that the UK lockdown is working."

Agreed Feccy, I've been keeping an eye on the new daily cases of the corona virus in Europe and pleased to say that Spain, Italy, France, and Germany and to some degree the UK have started to decline, Let's hope that this trend continues. I enclose an excellent website for all the facts surrounding the dreadful virus statistics below.

https://www.worldometers.info/coronavirus/