Member Info for Strike123

BluePete, fantastic post @12.47!

It's all there in the BT annual financial report. You don't need to call CFO or CEO for the accounts -

https://www.bt.com/about/investors/financial-reporting-and-news/annual-reports

Aus3009 - your question - "do you think billionaires only invest in business they think are doing well?"

Abosultely they invest only in the businesses that are doing well. If you are saying that they invest for loaning their shares to short, yes, that is also a case but do not think they would only want to short with £400M! They may have both long and short bets but I believe the core idea with investing such large amount is for the capital to grow by increase in share price rather than decrease in share price?

Well Velo it appears like debt is a concern for you and you think BT could default on their payments ?

It is very unlikely that can happen. Interest rates are set to come down so that will help with the interest payments on the debt for BT.

Now before you talk further about the debt, why do you think Mexican billionaire bought 3% stake worth £400M in BT?

Unlike your scaremongering about debt, he does not seem to be concerned about it?

I think you are right as I see another stock that got a rating upgrade and it is up 3%.

I think it would have be good if the rise is due to the short closing. Anyways we can see the short tracker update on Monday.

When you see a rise like this without any news then it is shorts closing IMO

probably they closed it when it fell to 75p

Now question is why did they close now?

May be they were nursing loss and buybacks are not letting SP to drop to 60s?

I still think this will linger here until the election results. Remember also that the guidance for revenue in Q2 is lower and if election news and debates doesnt boost the revenue then market will not like it.

Buy the dips for now.

AIMO

Debt is high but which company doesn't? As long as Debt is serviceable then it should not be an issue. Of course it can't be brought down overnight and CEO has laid a 5yr plan to improve cash flow. Also interest rates set to come down so this should help too. Mexican billionaire buying a stake gives us comfort that he chose BT to park his money at this low levels. As we get into new FY, cash flow should improve and share price would reflect that. Still a long road ahead for SP to recover to previous high of £5 but the roadmap is set for it by the CEO. Just execute it as per the plan.

Starmer is saying that they are not raising taxes but media is quiet not to pounce on him for leaving the current high taxes as it is! Media has decided to blindly support Labour govt. Rishi has answered all the audience questions very convincingly compared to Starmer who lied saying he will not use private medical treatment in ITV debate and yday in Sky news, he said he uses private medical treatment and media is silent on this flipflopper! Sky News closed their eyes and picked Starmer as the winner of the debate! Unbelievable!

And clown Nigel Farage wants to lead Tories even though he himself has not won a MP seat in his last 6 election outings! GB News won't pay him much after the election so he is trying his best to get a permanent job.

Finally, do not trust the YouGov poll. It is a poll made up by the leftists and the media.

Go read the news about the Exit Polls for Indian election. They predicted landslide win for the Indian PM but actually he fell short of majority! Our polls here are few thousand people and it is not an exit polls yet!

So Starmer is not going to increase the tax threshold! ?

Media says high taxes with the current Tory govt and you are going to get same with Labour govt?

Atleast Tories say that they are got "cut" tax!

Also the £8.6bn raised from non-dom tax and VAT raid on private schools.

I think non-dom tax is already in place in the Spring budget from Tories this year?

A silly question on dividends, if I have say 1000 shares before the ex-dividend date and topped up with 1000 more after ex-dividend date then I guess the dividend is paid only for the first 1000 shares bought before the ex-divi date and not on total 2000 shares that I have at the time of divi payment? I think it is only on first 1000 but just checking in case if am missing something :-)

This will easily do a RollsRoyce with Mcap trebling in few years time!

Billionaire bought billions in stack so happy to top up while this is at 130s!

So silver down 6% and this tanked too. Is it because FED rate cuts could be delayed due to strong data today?

Next week we could see 540s briefly I think. I will add so that I can bring my avg down significantly from 630p :-( I was away for a week on holiday and missed selling this when it was hovering at 625p. I will add in small tranches to bring avg down. Never lost shirt and don't think I will with FTSE100 FRES!

This closing SP is a pleasant surprise!

Well done all that held on!

ITV is going to get additional boost in revenue due to the election coverage.

I sold thinking that this is dropping back to 70p.

I hate to sit on the sidelines. Need to see if there will be a drop to 75p again next week.

Enjoy the rise. GL

I usually find Berenberg extremely negative with their ratings on majority of the stocks but they raised the target to 155 for BT, which is extremely positive. Some scare tactics being employed here on this bb.

Morgan Stanley raises BT Group price target to 215 (200) pence - 'overweight'

Guys, simple fact is Drahi bought millions stake in BT. He wouldn't if these cases that you mention are of significance. It may end up with BT paying paltry amount like the case on the other day. RNS did not mention that it is of significant amount either like how Lloyds set a

"

You don't read the Company RNS s then ??

"

Poker, I went back to RNS until last year Jun 2023 and cannot see any mention of the court case!

Your links are not from RNS either!

Good luck with your short position if that is the reason for your negativity on BT!

CEO is confident of FCF going forward and market liked it and we had a good rise.

The current downtrend is due to the profit taking following the idiot Sunak calling GE.

Good opportunity to accumulate. IMO

Thanks Poker.

Firstly, I think this court case will be dismissed or the charges may not be that significant for BT as BT has not mentioned this court case as the growing concern in their outlook guidance in any of the recent RNS?

If it is of concern then like Lloyds, BT would have mentioned it even if this case is in early stages.

Also unlike Lloyds, this case is not being investigated of Ofcom or CMA.

It is a group of private law firm looking to make money from telecoms.

It is a claim for £3bn from 4 operators and it is about charging customers same amount after finishing the contract for phone and SIM even after this contract is finished. This claim is same like bank mortgage rates where once the fixed term expires then variable rates are charged and it is up to the borrower to switch or stick with the lender.

Still it is a court case and it is a risk but unless company mentions it officially as a concern in their outlook, I do not think it is of any concern.

If short tracker not updated with short positions by tomorrow then some profit taking going on. Real test now for the buybacks.

Looks like a short attack again followed idiot Sunak calling GE.

With regards to court case I think I saw news that BT was fined some 16M? Are you guys talking about another court case?