Member Info for SFH300

Down another 2 3/4%. Nobody wants BBB. I wouldn't be surprised if HL lets go of its holding before too long, because the company aren't doing or saying anything to instill confidence in shareholders.

Opened at £16.67. Underwhelming.

"Perhaps most importantly of all, however: the NHS has masterfully handled the vaccine roll-out, enabling Britain to get ahead of most developed economies ... "

Good to see the credit going to where it should, instead of to Johnson & Ltd Co (sic).

Appreciated

There was talk of moving the pensions cap to CPI from RPI. Any further news on that?

Confidence in I.I. perhaps?

For further information:

https://www.telecompaper.com/news/nkom-scraps-plan-to-shut-down-telenor-copper-network-before-2025--1397826

https://www.telecompaper.com/news/nkom-scolds-telenor-for-indicating-copper-shutdown-next-year-ahead-of-2025-target--1404559

The value of shares bought today was twice the value of shares sold - and still the SP drops by 1.35%.

In the face of virtual silence from the company and a very short and platitudinous statement from the CEO in the 3rd December trading update, I'm fast losing confidence in this company, particularly with the (albeit comparatively small) issues of new stock.

It should be noted also that the CEO mentioned in his AGM statement that Telenor were going to switch off their copper network in 2022 and that this would open new opportunities. Telenor announced a few weeks ago, however, that their copper network would not now be shut down before 2025.

Sure, but it's only going to drop back again after the ex-div date. 1.38% div - 2%+ drop, I'd guess.

https://www.lse.co.uk/rns/BBB/issue-of-equity-and-total-voting-rights-ktvknnot6b3m1rl.html

Does this SP ever go up?

Ceri - I need more people like you! :)

Unhooked - I'm inclined to agree. This time last year HL were touting ISBT as one of their top five for growth in 2021, due as you say to a strong building environment. I made the mistake of listening to them.

The question is will they quickly overreact in the opposite direction, or will it be weeks or months before they return to the levels even of last week?

Nic Fildes, The Top Line, P.14, 'Breaking up is all that's left to do, say telecoms doubters' - excerpt:

' ... the sector entered 2021 with shares trading at the lowest level in a decade. Investors have been put off by high capital expenditure, poor returns, huge debts, unconvincing growth promises.

In response, telecoms leaders have renewed calls for consolidation and deregulation in a European market that has suffered a downward spiral in growth in the past decade. It has led to another bout of introspection as potential buyers detail how attractive they would look if the groups were carved up.

Denmark's TDC is the litmus test as it enters its final phase of divorcing its network and consumer operations. Macquarie and pension funds have spent three years quietly bifurcating the group. TDC and Nuuday, the consumer business, run free from the constraints of being part of a rigid, heavily regulated incumbent and have started to thrive. Similar separations seem inevitable elsewhere for those with money and patience.

A step further to deliver full TDC-like "structural separation" nonetheless raises an existential question. A company shorn of its fibre, masts and data centres may find itself reduced to the status of a call centre operator and a billing function selling other companies' wares.

But if the status quo delivers another two decades of beleaguerment, there may be little choice. Didn't someone once say that the future was bright?'

prussell1963 - It's just a return of capital by another name. It happened a couple of months ago too with BigBlu Broadband (BBB) - 45p "dividend" turned out to be a capital return.

"On the downside there is a chance that Omicron quickly displaces Delta around the world (very likely) ...

Just to clarify, we now know that Omicron and Delta co-exist. Thus far Omicron hasn't displaced Delta.

Nutmegmilk - history suggests, though, that it will resettle to its opening price by the close.

DavieLad - no problem ;)

If it's "behind the scenes,' why is the share price jumping about? The market shouldn't be reacting to what it doesn't know.

Could lead to a hefty dividend or even capital return?