Member Info for NigeCo

"Telecoms companies will likely require much less staff and although Revenue wont rise, Net Profit will."

Fleccy, Once BT complete FTTP by say 2025, in your opinion what would BT / Openreach be able to reduce the workforce in percentage terms by? As you say fibre would need less maintenance going forward than it does today. Thanks.

Also the FTSE100 biggest points gain ever. Let's hope that we don't give it all back tomorrow.

@16:30pm the BT share price was 130.46p... In the resulting auction BT closed @ 132.82p up 15.04p or 12.77%.
FTSE100 index closed up 466.86pts or 9.35%

Nice 2.36p gain in the auction.

"That'll change once the FTTP and 5G builds are competed. Modern networks need very little maintenance, so the Telecoms companies will likely require much less staff and although Revenue wont rise, Net Profit will."

Fleccy, I'm interested to know why you don't think revenue will rise with FTTP. ? The way I look at it is this, my phone and broadband bill is £13.99p per month, (none fibre). Once FTTP is done (if I'm not mistaken) I will have little choice other than to subscribe for fibre broadband and my bill will double. Hence growth in revenue and profits. Or am I mistaken?

While it might seem counterintuitive to sit back and relax while stocks post swift and steep losses, for investors with longer-term time frames it typically pays to wait it out.

Looking at data going back to 1930, Bank of America found that if an investor missed the S&P 500's 10 best days in each decade, total returns would be just 91%, strikingly below the 14,962% return for investors who held steady throughout the ups and downs. “Investors with longer-term investment horizons should remain invested in stocks,” Goldman Sachs said.

The adage “keep calm and carry on” might, in the end, be the best advice for investors to follow during times of extreme market volatility such as the present.

While it might seem counterintuitive to sit back and relax while stocks post swift and steep losses, for investors with longer-term time frames it typically pays to wait it out.

Looking at data going back to 1930, Bank of America found that if an investor missed the S&P 500's 10 best days in each decade, total returns would be just 91%, strikingly below the 14,962% return for investors who held steady throughout the ups and downs.

https://www.cnbc.com/2020/03/22/why-long-term-investors-should-never-sell-stocks-in-a-panic.html

While it might seem counterintuitive to sit back and relax while stocks post swift and steep losses, for investors with longer-term time frames it typically pays to wait it out.

Looking at data going back to 1930, Bank of America found that if an investor missed the S&P 500's 10 best days in each decade, total returns would be just 91%, strikingly below the 14,962% return for investors who held steady throughout the ups and downs.
“Investors with longer-term investment horizons should remain invested in stocks,” Goldman Sachs said.

The adage “keep calm and carry on” might, in the end, be the best advice for investors to follow during times of extreme market volatility such as the present.

While it might seem counterintuitive to sit back and relax while stocks post swift and steep losses, for investors with longer-term time frames it typically pays to wait it out.

Looking at data going back to 1930, Bank of America found that if an investor missed the S&P 500's 10 best days in each decade, total returns would be just 91%, strikingly below the 14,962% return for investors who held steady throughout the ups and downs.

https://www.cnbc.com/2020/03/22/why-long-term-investors-should-never-sell-stocks-in-a-panic.html

"How much Nige?,,,Ican tell you're on the defence so hit me with this spectacular wage for newbies and all the perks that go with it."

Lamtree, no I'm not on the defensive at all mate, I don't know what his salary is to be honest, I do know that his salary went up, once he became fully qualified. He's in his mid thirties, so not a spotty teenager.

"Yes,sack the experienced and then take on spotty teenagers who haven't a clue at min wage."

My nieces husband is a relatively new (within the last 12 months) qualified openreach engineer, and believe me his salary is no where near minimum wage, he's earning a very good wage.

"ad revenues may well go down but not by much with a captive audience self isolating"

Agreed Al,

Over reaction by the market, for all shares. ITV advertising will bounce back with this years Euro's being put back to next year, and then the following year 2023 should be the world cup. This should be 2 bumper years together. The patient ITV investor will do well over the medium to long-term.

Oops, fat fingers reduced debt buy £123mln.

"As we stated at the full year results, ITV has good access to liquidity. We have £830m of undrawn facilities and no bond repayments until September 2022."

https://www.lse.co.uk/rns/ITV/2020-european-football-championship-postponement-5fhq1b1jsw393ak.html

Debt won't be a problem, also ITV have just reduced debt by £122 million from £927mln in 2018, to now stand at £804mln 2019.

"Perhaps Sky will now rethink moving to Virgin for BB services, especially as they are moving into more streaming for there service."

Very good point NDN.

Closing price 129.44p.

Does anyone think that today looks like selling has exhausted? For the time being at least. Onwards and upwards.

"The posts are so insipid and infantile, they could have been wrote by a nine year old having a gag on his mom’s computer."

Toff, I couldn't agree more.

Alpha “BT is a dead fish it will barely rise.”

Before you start making wild predictions, you need to build up some credence first. Any cretin can see that Wetherspoons is dead in the water not BT.

Toff, a very quick look reveals that Alpha has been a member since 13/3/20 with a grand total of 13 post's almost all negative post's on other boards. This makes me think that this maybe Smartie in disguise, he's returned under another alias. The mind boggles.

"BT is a dead fish it will barely rise."

Alpha86, it will be god help 90% of the FTSE100 companies if BT is dead.

BT (broadband) is a necessity like food, water, electricity and pharmaceutical's. Unlike luxury's like having a pint in JDW.

"looks like we still have a lot more gloom to come and the domino effect will be catastrophic.
Some shares wont bounce back and some shares (big companies included)probably wont be here at all.
In this climate not everything is a bargain."

Agreed Lamtree, before all this is finished we may see the FTSE100 index starting with a 3.

"That is UNLESS boris decides to close the pubs, if that happens then bye bye."

Well Boris won't need to close pubs, people vote with their feet.

"Pubs and cinemas.. they will all bounce back like mad in the next 18-24 months."

No disrespect intended Alpha86, but pubs may well go bankrupt, and cinemas may well follow suit.