RE: Possibly Sub £1 next week ?5 May 2024 10:24
For transparency; I'm a holder of small qty of BT stock, purchased this year...
IMO We will see sub £1 this week... Shockingly bad house price data will kick off a VERY bad week for UK stocks. Plus Tory party digging in through backdrop of dreadful UK macros is going to amplify the carnage. BoE is stuck; raise, to tame inflation, and weak economy will implode like a squeezed rice crispie... hold is only sensible option but... gives no support to business & consumer demand and no relief to the indebted, cut and comparitive dollar strength will see inflation return to UK economy with a punishing vengeance. Longer term BT is a top value stock, once Labour take the reins credibility will return, BT will be a keystone for unlocking economic growth. We're a long way off from that though and the turbulence from now the then is going to be epic.