Member Info for someluck

Someone clearly in the know about something. the price has dropped quick

Well.....I hope I haven't sold too early. Saw 230, then 229 and sold an obscene (for me) amount as so many times previous I didn't react and lost out. Think it was the right decision looking at the 224 price right now

Why do we think the price has jumped so sudden?

"Thankfully i sold a lot at 2.19. just bought them back (and more) at 2.11. Same value but more shares. Lets hope this goes my way for a change lol"

clearly not

Thankfully i sold a lot at 2.19. just bought them back (and more) at 2.11. Same value but more shares. Lets hope this goes my way for a change lol

Similar drop with vodafone, but strangely not EE, so prob not network issue

What on earth has happened this morning? Is that due to last weeks network down issues? https://www.bbc.co.uk/news/articles/cx2q8qw0q0go

What happened to the shares at 1pm? sudden dive from 160 - 156p now!

I get the foreign entity think fleccy said, but i dont think its impossible. Also, would it change things if DT and Drahi bought out vodafone and then Vodafone bought BT out as opposed to Drahi? He couldn't afford it, but wondering if its the company or the owners that would be deemed as foreign owner?

Genuine question, but does the city and investors not take into consideration the huge 130% super tax relief (now 100%)?

What is DT average cost pershare? They've been buying for years when they were high haven't they?

Be easy on me, as im not a IFA, but am i right in saying if a take over happens, they have to buy our shares a the average cost per share that they hold? which would be massive if it was DT? so why would they do that when it costs the ££££?

Now Altice maybe as their average cost is far closer. if they did, would DT be at a huuuuge loss? If i were them, I'd be buying up to 25% before that risk becomes a reality

think its to do with this...

"27. Subsequent events
Following the year-end, there was a significant fall in the value of the Scheme’s assets, during a period of significant market volatility in the second half of September. Prior to the Bank of England’s gilt market intervention, there was an estimated £11bn fall in the value of the Scheme’s assets. Our hedges have continued perform as expected, and up to the date of signing there has been no worsening in our estimated funding position."

I think they expect results to be roughly on target. nothing special but increased costs, so not sure its good news. I highly expect an increase when we go from copper to fibre, however, other than Drahi, no one else seems to have confident in the share price, which makes me wonder. unless everyone else is looking at short term?? wish i was clever enough to know for sure

@allybally

""Then the key question is, how much would DT sell their shares for?? That is if Drahi were to get himself into the bidding seat, the best route to achieve this is to acquire DT’s shares. If this happens and Drahi achieved 30%+. Then Drahi cannot bid less than the highest price he paid for any BT share in his portfolio. So are DT king makers?? So how much do DT want for their shares??"

would it not make more sense for drahi to acquire another 12% from the open market at a far cheaper cost than buying DT expensive shares? Not that i want that, as I'd prefer them to have to offer far more for my shares in a takeover bid

@Saitoman
"I have been considering averaging down but don't want to throw more money at my paper loss in case its not enough to get to the bid price"

I have been averaging down since they were £5. Im at £1.88 in my share ISA and something like £1.50 in my share dealings. worth it as when they do get bids and force you to sell, you're lowering your loss (in my opinion)

"What about the tax discount on the CAPEX ...did Kamikaze say he was getting rid of that along side the Corportaion Tax increase cancel ??? ..not sure"

i think it ends April 2023 (if memory serves), but if you pay in advance, then you get the relevant tax relief. just hammer it (in my opinion) as you're going to spend it regardless.

surely the deficit would increase with interest rates increasing?

you mention Capex. i always wondered why BT didn't invest more considering the 130% tax relief on Capex spend...

@Perryjones
"If I was in BT still it wouldn't give me any loss of sleep. " - did you used to work for them?

"No one will get near them as the competition is riddled with debt/private equity plays. The cashflows will get much stronger but Jansen may say they are up against some inflation headwinds over the next year. The dividend is what you expect to get when you are basically lending money to BT. At no point should they reduce it."

I agree. the divi is keeping me sane through all this.
You say comp is riddled with debt, but BT's debt is huge in the pension deficit. with cost of borrowing hitting hard, i can only imagine this will hurt the share price and increase debt with compound interest

how many shares do you hold? enough to worry?

perryjones
"BT is as sold as it gets as we move into a rocky patch."
you really think its that likely? Don't know whether to be worried or happy.

when you all say BT shares are worth X,Y,Z, what are you basing that on? Sure fleccy has said they're worth much more. interested to hear why you both think its worth more and also why different amounts.

I've been investing in BT for a while and I've been watching (quietly) this chat group and always see your optimism fleccy, but when will that come true (no offence)? Is a takeover our only hope? I thought rolling to full fibre would be, hence the massive investment by Deutscha Bank and Drahi, however not so sure now with the way the economy is going...
I decided to sell my max (up to CGT allowance) when they were £5, thinking "I'll sell more each year till their gone". Little did i know they'd take such a hit. Thinking i was 'smart', i lowered my average and it just kept going down and down and each time it took a drop, I did the same. Now, it is working, as my average is £1.58 in my share dealing account and £1.88 in my ISA. Seems like i've been doing this for an endless amount of time and it keeps going lower, when i could (and should have) invested elsewhere such as property (resi/commercial) as, as soon as i sell, i've materialised the loss, so money is 'stuck' so to speak. Obv been utilising my ISA allowance via bed and ISA but not had any gain anyway....so little point....I dont know whether to keep buying and lowering the average and lock even more money away. just depends how low its going to go....