Member Info for Savage_KeyboardR

Hi czql5v - Yes, the SP did drop recently but... the Ex-dividend data coincided with global turbulence, the news of the City Fibre + Sky deal plus some profit taking too.

Personally, I was really glad of that dip, I managed to make purchases around the £1.32 mark which was a pretty nice opportunity to accumulate some more!

Well I was adding at those low SP's 👌😎

Looking as though the US jitters are spilling over onto the FTSE indices... BT looking weighed down and unable to break that £1.41 SP

Personally, I'll be buying up more if we dip because once the US Fed makes its 0.25% cut I think it'll become clearer that USA economy is not in trouble at all... US manufacturing PMI data released yesterday, just a glorified survey, is being read into far too much IMO. I expect the US markets to shake off these jitters by the end of this business week. Trader sentiment should improve with knowing Fed immintently making the first rate cut.

BT is easily headed towards £1.60-£1.65+ and beyond so these SP prices are going to look fabulous within a matter of weeks.

Agree Magic2001 - as the turbulence grows these next few months ahead it should be the case BT is seen as defensive and sound investment what with new Labour Gov needing to back more FTTP & 5G to ensure long term growth.

Lots of upward momentum there for the SP as that RNS landed this morning but... with the SP struggling since then it must be the case that some are using this mornings buoyancy to take their profits, perhaps?

Anyway, this stock is an absolute bargain at anything below £1.50p because it's destiny over the coming months is for SP's of around £1.60-£1.85p - DYOR

I see, that's interesting and if AK were to launch a replacement then perhaps a rules amendment could handle that issue... ultimately the share schemes should offer a simple discount applied at the time of the shares being purchased and not tied to any later dates of cashouts. Would make the scheme far more straightforward to administer and then the employee just nets the current SP value when it comes to the time of sale.

Reading lots about the past sharesave... IMO I'd hope AK restores a scheme since loyal workers should be able to buy into and enjoy a share of the successes earned from the hard graft put in.

I wasn't aware BT had abandoned the schemes, which many other thriving businesses offer.... hopefully AK rights this past wrong.

Of course for times when the company is not doing so well then workers will tend to see the signs frst and act by ceasing to pay into it, so can be a helpful early warning sign that things need to change too.

Anyone have any links to direct comments AK has made about prospect of restoring sharesave?

Davidphilips?

I'm not an insider sadly... However, I've taken an interest in examining the published Land Reg data, the reports from the main mortgage lenders, plus reading a number of articles this year.

I've also been periodically checking the online property sales portals for an array of locations (to check in on volumes available for sale, and their prices over the course of this year... Back in Jan-Apr there was hardly any pre-owned stock available for sale. Buyers were clearly only buying when they absolutely had to. Yet many articles hyped up summer 2024 as being primed for a busy season of sales with prices rising fast.. When in fact what took place was an acceleration of the trend of buyer reluctance, and stalling/falling prices...

Many sellers + agents overpriced stock, agents especially bought into their own 'high prices/summer boom' narrative which were obviously not achievable (as relatively high bank rates always slow activity and are a drag on prices)...

It's now the case there's many unsold having accumulated, plus new sellers still joining the selling frenzy (on the back of overegged optimism with the recent BoE rate trim). Yes, some buyers are now biting but... sales are still dwarfed by stock being added and many buyers now know that prices are falling and are very content to wait it out as some overindebted sellers begin to get rather desperate to clinch a sale.

In the sprint towards the £1 goal it seems CPI player has made an about turn and is now running the other way to net an own goal! ⚽️

BoE in a tricky spot... cut rates and trigger an inflation surge, hold rates and watch unemployment gather pace together with more pain for the property market too.

House prices for pre-owned stock (mostly in a terrible neglected condition I might add) are still falling... the data only shows rising prices overall due to higher proportions of new build sales (which command a higher price premium, as they dont need immediate renovation spend and can be more easily purchased with low deposits and longer mortgage terms)...

There's plenty more pain coming for the UK housing market and the nonsense articles being pumped out to hype the UK property market are going to look delusional in 9months time!

Some Altnet News:

https://news.sky.com/story/altnet-zzoomm-accelerates-hunt-for-merger-partners-13207740

Both US and FTSE Looking strong on the futures markets... could we be set to hit £1.50p before the week even closes out?

🎵 My bells, my bells, my bells, my bells

I'm begging of you please don't take my bells.

My bells, my bells, my bells, my bells

Please don't take my bells just because you can. 🎵

Czql5v - You're certainly right about the recent negative news when City Fibre announced the tie up with Sky but...the details of that deal were quickly revealed to have little (in terms of national scale) impact on BT. I used the opportunity to buy up some more BT so I can't say the drop was unwelcome!

It seems USA personal consumption expenditure (PCE) price index has landed in at 2.6% (YoY Core preferred Fed inflation measure)...

Widely being reported this supports a US Fed cut of just 0.25% when the decision gets announced in 14 working days time - Good news for global stocks, this should mean that USA markets open healthy and there should be positive spill over to the FTSE too.

US Futures are looking good for their open later on... get your buys in whilst BT is still trading below that £1.40 mark, as we should easily close out today above the £1.40 price point!

Casapinos - I accept your point where Canada Pension Plan Investment Board are concerned for example...

However, when it comes to the positions for AKO Capital LLP + BlackRock Investment Management (UK) Limited (plus other shorters with open positions of less than 0.5% not appearing on the trackers) I don't think your point is quite so valid.

Not long to wait now! It'll either be a 0.25% or 0.5% trim by the US Fed.

*as they have to list the official take.