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They will be below 100 by end of today and then crash to 50p. There might be a chance for a 5-10% rally from this point, so daytraders might be able to make some good gains on the long side.
Fleecy, the actually massively inflated BT share price remembers me also to the tulipomania ( BT is valued at a whopping 10-11 BILLION pound and will NEVER be able to earn its costs, this is INSANITY at its best and shows the market is manipulated !).
So to buy a BT share now for over 100 (ONE HUNDRED !) pence, is comparable with buying a tulip bulp for 1kilogram of gold back in the 16th century.
So yes there is a chance that someday someone gives you 2kilogram of gold for your tulip bulp and as long as you dont sell your tulip bulp your losses are only "on paper".
But if i would have to place a bet on who makes profit first i would place my stake on the tulip bulp investment.
Yes, they will post a weak result and an even weaker outlook.
The only question is if there will be already an indication that they have to issue a few billion new shares to raise more cash to invest on pensions, 5G and fiber.
So i would sell now as currently the price is ludicrously inflated ! So sell now and buy back in at 50p in a few weeks or invest in bitcoin there is more value than in this rat-shop named BT.
In regards to BT the market is acting irrational in a horrific way !
BT is worth nothing, actually its worth is tens of billion negative !! Still the market values this company that
- is not able to earn its cost
- is regulated to the bottom
- has the worst performing workforce + management in whole European Telco sector
- has pension liabilities of tens of billion when there is no way at the capital market to earn this money so they have to give the few pennies they earn to the senior (ex)workforce instead to the greedy shareolders.
with over 11 billion which is so ridiculously high, its unbelievable !
"I'm sure we all agree that BT are way under valued. Without BT the country would be at a standstill. It's about time the market realised this, and re-rated BT."
The Market disagrees !
BT is loosing money, that the simple truth.
They dont have a business model that is able to earn its costs.
They will slowly self-cannibalize the little value that is still left by massive investments , massive taxes, massive pensions, massive workforce and tiny margins.
Toff..., what you say is 100% right, but you will not be able to convince any of the bag holders at this board.
I think the vast majority of bag holders here just have been abused that much over the last years that they now suffer under a severe form of Stockholm syndrome.
So they will defend the company that has wiped out 80% of shareholder value within the last 5 years alone.
Somehow funny, this is why im still like to return and post on this board even if im not invested anymore.
Why should the state pay for it ?
Its BTs duty to provide infrastructure thats it, bad luck they already installed a bunch of Huawei equipment they now have to replace. If they need money they can just issue a few billion more shares.
State wants a good infrastructure so BT gets forced to build it, politiciants want low prices so BT gets forced to give it to 3rd party providers for almost free.
I admit your dedication for BT but you as a investor will be shaved until nothing is left.
No ive used the last pop to sell my position at June 8th. I was lucky that i found a fool who gave me at least 127 pence this day so my loss was less than 25%.
And yes this stock is overvalued. 10 Billion pound sterling for a company that is unable to report a profit for decades to come is the same stupidity as 10bl € for wirecard. BT is poised to face bankruptcy/nationalisation.
To understand how bad this joke of a company performs you just need to compare its performance against a complete fraud company like Wirecard. ..
Performance since 2010
Wirecard: +40%
BT Group: - 20%
Performance since 2015
Wirecard: -60%
BT Group: - 72%
BT has cut the dividend by 100% this clearly indicates that they are on the verge of bankruptcy !!
All this bs about they use it for investing is just management talk to give bagholders excuses so they can put a gloss on their bad investment.
They are a slave to the government/regulator and they will never be able to make a profit or at least break even on their "investments" in things like 5G/fiber.
This company is a value trap and will trade below 50p in less than 12m,
Something is clearly fishy with this company, is underperforms the market and underperforms massively its peers like CMC Markets.
Accounting scandal ?
New regulations on IGs main markets?
Loosing Market share due to bad service ?
Why ?
The price for this company with an army expensive, old and low performing Workforce is ridiculously high !
This company is unable to earn a single pennie and is thereby fully depending on fleecing its shareholders.
Forced by government to invest a fortune on new technologies only to end up writing off the cost as they are not allowed to demand a cost covering price from neither end customers or 3rd party companies reselling their own services on BTs infrastructure.
As BT shareholder you will never be more than the useful idiot that pays the bill so the country can enjoy cheap and fast telco services.
Used the bounce to cut losses today.
This company is lost, unable to make money. They have to invest 2 billions to generate 1 billion in revenue. Im sure they will need to dilute by raising cash via billions of new shares within next 2-3 years.
Also i dont expect them to return to 50% dividend payment in 2022, as this would mean 20-30% yield based on the future sp.
Why should they do well ? They are just the modern slaves that are there to provide the infrastructure for more or less free. This is politically intended as it is the basis for the e-commerce and economy.
Netflix makes the money because they can use BTs infrastructure for their needs in return bt gets some alms. Same with any other business like iot, e-commerce and so on. Government wants that the infrastructure is available at lowest cost possible which is good for the economy in general but leaves the telcos doomed to bleed out over the time.
i just sold this stock after 3,5 years, i think its not going anywhere. Went in after the first crash in Dez 2016, missed to sell in August 18, holdout the second crash and now im out.
Actually i made a nice profit but im still disappointed.
This whole sector will get regulated to the bottom.