RE: Moodys25 Mar 2018 13:40
Bt have have carried debt for 20 years + showing no desire to pay down , it is a useful tactic to ward off hostile takeover approach but Moody downgrade makes it more expensive to service nonetheless. I have put shares to the value of 30K in the last 6 months into my Sipp at average of 287p and with my 20% tax allowance iam slightly under water , I intend to put same amount in over next 3 months to fill next year's allowance I expect average to drop to around 245ish but don't forget further 20% tax allowance I will then sit on them for up to 10 years bearing in mind that i am now 55 years old now . Short-term price may go under 2 quid but very confident of good return over time so I shall see , it doesn't mean am happy with the BOD management over the years but they have given me a Golden opportunity to get in at these prices..Time will tell...