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"I have thought for a long time now OFCOM, BT,s nemesis, has been behind all litigation, fines, court cases and share price destruction."
Well I think that is conspiracy theory nonsense... I get why these kind of things get traction & a bit of a following for a time period bit frankly I think that theory is codswallop.
Ofcom has to been to be giving a complaint by many thousands airtime & the due diligence checks and legal process to test if those claims being made are valid, or not... naturally the verdict can go either way depending on evidence provided by both parties to make, or fake, their case.
Naturally the law is perfect but it's the best system there is to test the validity (or not) of the claim(s) being made. We just have to await the outcome.
If had spare cash right now (I already spent what I had on another small tranche of BT stock) then I'd be buying up another lot... this stock imo is going to be a top performing equity this summer ☀️ - DYOR
Thanks Stupmy... I was wondering if its the US data triggering the losses... Also possible I spotted FaceBook shares are massively down today on AI Zucker spending apparently... now many funds/PI's have a toe in the water with FB and I ponder if some may be selling other stock to cover paper losses? Funds more so above PI's of course, as they often have to comply with percentage holding rules/policy and so on... e.g. pension funds in particular.
Lots of US data has been released Tue, Wed + today (ahead of market open just like they do here)... could those be the triggers?
I see it's selling off once again... as are many other equities... what's the trigger for the move today? - I spotted USA released some interesting data.
Indeed he did so... because what with USA + USSR being the major superpowers at the time there was a clear need for UK to join up into a union with large enough clout to compete economically with those superpowers on the global stage - i.e. the EC (later EU) was born out of a necessity to co-operate.
That's a really curious approach and perhaps you were correct Mike, maybe their systems cannot handle it so they've had to outsource the solution and go ahead of the pack to ensure it processes correctly/orderly from them and their clients perspective.
If we're set to head back in time to 1970 that'll be most interesting because that GE led to Ed Heath commencing the negotiations for UK becoming EC member state... Gosh some of you on here really need to scrub up on your history.
Divi will be held imo... obvs DYOR... but reason I think it will be held is much more to do with inflation... holding the divi is actually a real terms cut for the recipient stock holder because there's more cash out there in the system overall from QE (the bulk of the reason we have persistent/elevated inflation levels, along with higher import costs due to weaker £ and extra trade paperwork costs too from brexit fallout)... the ample revenue generation (supported by inflation) flowing into BT's coffers will easily support holding divi this year. With a currently low SP holding the divi gives bonus of maintaining the motive to hold/buy the stock too. I cannot fathom a scenario in which the Divi is not held.
Mas/Mike... what's also unclear is if Halifax goes early and sells its clients holdings on LSE, to move them over to Frankfurt, perhaps simultaneously allowing its clients to commence trading on the Frankfurt exchange, then what impact will that have on the SP for the remainder held on LSE? With trading set to continue on LSE could there be a price adjustment? Or will the qty of shares being taken out of circulation on LSE mean there's no SP adjustment (as simultaneously there would also be fewer shares in circulation too?)... Lots needs clarifying here imo and I agree with you there mike, It may be well worth putting in a call to Halifax. I'd be working on basis there's something in this for Halifax, charges to move clients holdings/exchange fees/trading fees for those who get concerned and just sell up?.. It's all quite odd! HL should be easy as they already permit trading on the key global stock exchanges and more.
Cheers for clarifying that Stupmy - as I wasn't 100% sure and I've spotted the occasional 0.47, .48, .49 - can only assume these appear on some sites due to rounding, perhaps?
Stupmy - "If those positions are forced to close, then it would likely create a short squeeze that could bump the BT price up." - That's what I am counting on! As I'm continuing to buy up small tranches, irregularly whenever the SP hits my price targets.
ElDoctore - almost... my understanding is there's only a requirement to make positive declaration when the shorter in question is above 0.5% of the stock in circulation (please correct me if I am wrong). So in addition to the short % positions listed on here there can be many other smaller short positions out there too (and it can also be true there may be very few other smaller short positions out there - as it's just not a requirement to share them).
I find the Halifax approach a tad strange... Glad I'm not with them tbh! HL here.
I suggest with liabilities leading there will need to be tax hikes, to control exposure to risk and re-assure markets until the presumed growth begins to land and pick up the slack.
Good point on the balance sheet... and yes, agree that looks to be a plan of using contract renewal points in phased/gradual approach over time... additions to the balance sheet may be spun as net positive in the long term and the approach looks hinged upon a model of rising customer base and then subsequent growth on top accumulating over time. What looks clear is it'll be liabilities leading the way, with presumed income to later follow and service those liabilities.
Mas... so anyone wishing to sell after May 15th gets blocked from doing so on the Halifax platforms?
RR - I think you should go back and re-read what I initially posted, your posts and my replies.
Rail is the better target if next Gov is serious about progress towards CO2 emissions goals... Could have damaging impact for the car industry?... i.e. if rail sees big investment, fayre subsidies and strategic priority... since within easier ticket system (where you don’t have to book 12 weeks in advance to get best deals) and cheaper Rail travel overall it'll tempt some car drivers to switch. As for capita... with any new public system they'd get opportunities to tender just like any other business would.
Halifax look to be washing their hands of the delisting? Almost reads (and I'm not with Halifax, I don't have copy of their words) as if they're setting the earlier date on May 15th to make it easier for themselves? They may be banking on vast majority of clients reading the info and selling up?