Member Info for Velo

Thanks again IAPR. Bit of grey creeping into my brain as well as my hair.

There were 3 RNS's released on the 10th June. When I read the generalised one on Altice I read the next and a different subject so must have assumed the third would also be on another subject as probably thought 3 RNS's dated the same day couldn't possibly contain 2 on the same subject. It's all I can think of. It's even up there on this site all along! Doh!

Anyway it proves they are legally registered in his company name, wherever he's obtained the finance support from.

Thanks IAPR. I've quickly glanced at BT's investors site and still can't find an RNS detailing the exact details of Altice's holdings bar a brief RNS mentioning Altice in a sweeping generality. I do realise this site often misses some RNS's, but would have thought such an important update would have been "clearly" visible on BT's site by now.
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Oops, error from yesterday:
Got my days of the week mixed up with -

"Possible consensus analyst update v late tonight or tomorrow is due (missed the June 4th update, but hardly impactful on the SP in these circumstances)".

- That should have been for tonight (Friday) or tomorrow morning, Saturday.
(My only interest in this update is to see if Altice has impacted the analysts perceptions).

Haven't seen that Bloomberg article but I'm betting it included a reference to the wealthy and infamous Barker brothers/family who attempted to corner the entire world market in silver.

It's now the default textbook best example of bankruptcy ruination and criminal fraud charges that await market manipulators.

PS.
As per the recent RNS's, Black Rock has reduced its holding by going on for well over a third of its holding, reduced now from a 7.03% holding, down to a 4.56% holding.

Obviously, that timeline fits in with the recent announcement and via third parties must have sold the bulk of its shares to Altice. It would have made Altice's job a lot easier as Black Rock effectively unloaded just under half a billion pounds in value onto the market.

That one cumulative act reduced Black Rock from the second-largest holder in BT to the third, and allowed UBS to leapfrog over them to the vacated higher position.

Now with Altice onboard, both have been moved down again (along with the old king DT) with Black Rock now reassigned to 4th largest holder.

Before Altice arrived on the scene, the top 25 holders owned 56% of all BT shares. This went up to 58% just before Altice arrived.

Now with Altice on board, the top 25 holders own even more at 66.9% of the company.

Most notable of all, are the top 2 holders, who own nearly one quarter of all issued shares in BT, with their two monetary valuations combined, virtually qualifying for a FTSE100 inclusion in their own right!

However, the top 6 holders below own over 40% of the entire company. All due to the massive contributive new presence of Altice.

Holder - - - % owned - - - - shares held - - £Value

1st:
ALTICE 12.11% (1,200,000,000 shares) £2.4bn

2nd:
DEUTSCHE TELEKOM 12.07% (1,196,175,322) £2.4bn

3rd:
UBS ASETT MGMT 4.65% (460,908,327) £922.7m

4th:
BLACK ROCK 4.56% (451,957,027) £904.8m

5th:
BT SHAREVIEW CLIENTS 3.86% (382,782,883) £766.3M

6th:
VANGUARD GROUP 3.45% (342,061,704) £684.8m
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Thanks for the heads-up IAPR. Also fascinating career-reveal in your exchanges with Nige. Interesting.

After seeing that Altice entry I was going to post that I now defo expect an Altice-themed RNS tomorrow, but now that you've said you compile it yourself on a shoestring budget I have to ask, did you get the Altice holding data from official sources - or just from your personal, general knowledge of the situation?

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Anyway, it's fair to say, from the SP perspective, the narrative Fleccy has posted about, does appear to be in full raging bull mode, taking no notice of analysts, media et al, etc., Just like the 5 year downtrend when no matter the good news (what there was of it) it never failed to prevent the relentless drop in the SP.

Just one thing before I subscribe to the raging bull narrative - the Triple Witching Hour commences tomorrow, where all futures/accounts are settled with often unforeseen consequences. It won't be just Friday, but the days following right to the month's end.

If Nil effect and the raging bull remains locked, loaded and in full combat mode, taking no prisoners, and pffing, tsking, and dismissive of any bearish media news, then it's all still on, but let's see first as the exponential last few days SP trend direction is now almost perpendicular, and exacerbating the overbought condition further.

Possible consensus analyst update v late tonight or tomorrow is due (missed the June 4th update, but hardly impactful on the SP in these circumstances).
The June 4th update was a little dismal in tone this time; will the dra'H'i :) effect, influence their next update? I'm pretty sure it might. So I'd expect even more fuel on the fire.

Anyway, separate to the above, I said earlier I'd do a quick post on the top 5 holders in BT so that next in a separate post as now it might not all fit on this one page.

Must admit, the closing prices I'm seeing tonight for SLP - and JLP/THS, I just wasn't expecting until the closing days of June - in 9 trading days time.
Seriously, I wasn't.

And the reason for that, is yet again manipulation by China. This could all backfire spectacularly on China if they keep up with this meddling.

Last occasion it peaked in one day. But it's triple witching day tomorrow where debts are settled, piper's paid and balances, balanced. So no telling what direction in the days after Friday, all SP's could go. Some could panic over Chinese manipulation, whilst they grapple with Friday's separate demands.

Whatever, I was hoping to at least buy-in to my experimental account for SLP in the 118's at best (or 120 max)
- yet here it is tonight, not at the end of the month!

Concern:
The SP has shown a decisive tendency for the final day of June to be - the lowest - of the entire month, and not beaten by an intra-month low earlier in the month (only one year that occurred).
So if the SP drops lower than 118 - (to buy) I will buy an initial tranche before month's end.
But really, a big thing to say; I'm expecting to pick up 118/120 at the end of this month regardless anyway, without effort, so plenty to think about this weekend.

THS:
After the mid month review (late last night) I thought 129 was on the cards - and there it was today - too soon!
Yes, even allowing for XD day. Whatever, if I can buy THS for 129 outright (as to buy was still in the low 130's today, whilst mid price was showing 129).
So had set my mind on 120's generally, but will triple witching day onwards offer greater rewards?
Decision: part-tranche buy if can buy at 129, and top-up if there are even lower drops.

JLP:
Mid month review revealed 17's a distinct possibility, so looking to buy no matter what circumstances if I can bag 17's as I regard 17's in JLP as the ultimate possible low over June/July - after which it's goodbye to even just thinking about 17's again for JLP this year.

All depends on China effect/ combined with the launch of triple witching weekend and that effect into the following days to this month's end.

I thought the resultant mid month reappraisal was just clearing up over generous projections by the computer - but China has revealed its hand and the computer was only picking up their manipulation of PGM's.

ic152 @
"..but have a significant stake in SLP, it is hard watching the price go down..."

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This is June pullback is nothing to be concerned about IC'.

It's happened for the past 5 years on the trot, SP always goes down in June.

Also, the SP has gone up impressively every July and August too, for the past 5 years also!

PS. Take no notice of buys and sells - they are computer best guesses and not the truth. Wander around these various forums and sure enough you'll happen on folk lamenting that their proud buy has been listed as a sell.

I never look at buys/sells - only the day's volume and the momentum of the SP.

From my point of view everything is on track, and performing to type for a 6th year of beautiful, reliable, predicability.

- And that includes a poor June followed by a terrific July and an absolutely great knock-your-socks-off August!

I'm betting on all those occurring again this year (literally :)

" Also need a swing high above 150p on the next up leg or.."

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I'm seeing that achieved by end of August with the SP being a clear £1 higher than the SP was at close of August last year.

AGM -

Would love to be a fly on the wall at the first new BOD meeting.

Will egocentric Draghi stand over by the chair where the DT representative is sitting and do a Sheldon from B/Bang Theory by ordering him: "You're in my spot".

Casa' - from Simply Wall Street.

The first I've seen to incorporate Altice as a key holder automatically on approved processed data.

In the absence of an RNS, would appreciate anyone's finds of any other sites now fully listing Altice as a bona fide holder. Cursory glance at the LSExchange but found nothing.

The first "recorded" change in shareholders of Altice being legally now on the books is out this morning, showing Altice at 12.11% ownership ( 1,200,000,000 shares) in pole position, demoting DT to 2nd position with 12.07% holding, and 3.85m or so, less shares.

If correct that it's now all gone through, then an RNS from BT might emerge before the week closes. Top 25 holders has gone up from 56/58% ownership to just under 67% ownership.

Will post the new top 5 or so, holders either tonight or tomorrow morning.

Tired as hell, so hope I don't regret this in the morning. Did some reappraisal as mid month now, and think the month close to June I initially posted, might/might not, have been too generous.

Now coming up within the SP vicinity of a best of 120+ close, to a worst of 100-high teens, by the end of June.

Triple-witching hour, this weekend by the way.

Can just about manage another post.

I should add, despite anything untoward occurring, all the trend line timespans, and indicators et all, are tonight tremendously strong.

Be in no doubt about that. Bullish strength in the SP abounds in all disciplines.

It's just the accounting of one very big buyer's influence into that mix.

(Concludes) > > >

. . . He didn't attain 12% in 2 days as he alleges, banks and institutions have come forward to disclose he commenced first buying via their resources in March
- precisely the time I got caught out on a false negative thus selling only to buy back-in days later, as he Dracula, started buying heavily - and it showed in the accelerated uptrend straight after a dismal start to the new year. Makes me wonder if he wasn't already present back in November 2020?
- as that would be the big kind of buyer to turn round a 5 year declining SP.

But the SP kinda, sort-of, just started a big, big, breakout in general, all on its own, in November last year? yeah, right :)

A profile of him published in the media 2 or 3 years ago sums up his modus operandi that's brought him the success to where he is today:

- as a buyer in the morning and a seller by the same afternoon.

I'm not anti-Dracula. But his reputation precedes him. He gets what he wants. But if ever he needs funds elsewhere, the damage of his withdrawal from BT wouldn't be pleasant IMO.

* Bull trend is too acute.
* SP is still in overbought condition.
* And there's a triple witching hour approaching, where north becomes south and vice versa. I'd rather be in a downtrend entering triple witching hour than the opposite. The days after Friday will tell. Maybe nothing at all will occur.

If Drahi has supposedly ceased buying - then what or whom, is propelling the SP higher and higher?
If not Dragi then has to be other major institutions.

As said, now the big buyer has promised he has had his fill, that's it, no more. Then continuing acute uptrend he induced, is still just "too acute" for my liking.

Hi Nige,

Saw the SP intraday in the 200's and was looking to post: That's it! Gooooooal
(Couldn't as I was up to my armpits in telephone calls helping someone with their private pension withdrawals).

As I'd intimated in an earlier post, that it's not the closing the summer at 200 that would be the decider, but merely as an intraday high to 200 would be enough for me. It did both today.

The market et al, including myself, have been utterly blindsided by Altice. Never saw it coming. His presence couldn't be factored in, in advance.
Without Drahi Dracula, my projection (not a forecast) was a likely outcome of not 200 by summer end.

But as said, once it was in the higher 190's, you didn't need confirmation to realise something else momentous was afoot, but Altice preceded that by a country mile.
So 200 it is Nige!
Good on yer!
BINGO!!!

It was one of Drahi Dracula's subsidiaries that was leading the initial talks of an Openreach potential sale; the one that threatened the sale would take place the easy way or the hard way if I recall correctly, and here is the owner of that subsidiary now - on the BT board!

He's known for replacing entire BOD's not to mention being tight with staff, so any future division/disquiet, felt amongst self-serving BOD members maybe, could, then galvanise a part-sale of Openreach to dissuade him from action; and would not ultimately surprise me should a part-sale-only be considered.

He didn't attain 12% in 2 days as he alleges, banks and institutions have come forward to

Bugger! Will I ever fit a post on one page!!! (continues > > >)

Sirius50, for something that was headed as for fun only, you don't half appear to be labouring this, and by extention forcing me to do likewise also :)

Good luck convincing the world that if it was possible to sell high and buy back lower, it will produce less profit than another investor who in the exact same time, just holds through the ups and downs from start to finish.

Can we agree to disagree? Squeezing this post out reluctantly as will be silent after this until at least mid week as seriously tied up even then.

You are using simple-same-state figures to mislead yourself. You're overlooking that the massive gain from July 1st to end of August - would be used to buy considerable additional shares, that the reduced buying-in lower price would allow at no extra cost!

So not a simple difference of 160 to 200 same state calculation.
There's considerable additional shares purchased essentially "for free" at circa 160, is what's missing from your calculation.

By the time 200 showed up, the second holding would reveal a considerably far higher amount of shares than either strategy started out with. Buy and hold would have the exact same shares, not more.

I'm not interested in comparing the two strategies.

- I have my eye on the potential interim bankable profit, and want to leave the older, original holding as is, as don't want to increase risk in that holding, which I regard as more of a longer term holding than the 2nd temporary holding. It's a risk/reward thing. Would be unhappy if all held in the same account.

Let's agree to disagree :)

" . . . - if you held all the way through to Jan `22 and closed out your position at 200p, your profit would be 185%;
 if you sell (end August) and buy back (beginning Nov) at the f/cst SPs, and then close out (as above) your profit falls by 17% (not including costs) to 168%. . .
 . . . In short, you either believe the 200p will be met or you don`t. If you do, then it is more profitable to you to hold. I`m clearly missing something! "

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Hi Sirius50, busy elsewhere and not back until mid next week, so time only for a late post.

200 is not the issue.

I think I see the mistake you've made:
It looks like you've erroneously used the month-end price of November as the buying back-in point (176) instead of the November month START of circa 160/161.
So mathematically impossible to show a 17% under performance when it should be much the reverse.

So, on the contrary, buy and hold will not outperform this strategy if all the prices actually occurred as posted.

Hope this helps clarify.

Typo: USB error.

- All mention of USB is an error. Should have been UBS instead.

. . . Goes without saying you can't buy that amount in the Trading day volume and it goes noticed.
Ergo; It's all off book.

- Altice have done a good job in concealing their manoeuvres from the market.

Had it been carried out in full view on Trading Day volume, I'm guessing the SP would have probably doubled or more on the day, as trends are formed when  large institutional buy or sell over weeks/months because that's how long it would take to buy or sell - as if concluded in 1 or 2 days it would blow the SP massively. All avoided when done outside the market as an off book trade.

Ramblings:
( Although the steep incline in the bull trend acceleration since March to currently, suggests maybe there was institutional buying going on far longer than just 2 days).
Is angle of attack too steep to continue at that current  rate in weeks to come?? Dunno.

SP also now currently, gently into initial overbought territory.

Altice at 12.1% a smidgen higher than BT's current largest holder - DT at 12.07%
Deliberate or a coincidence?

After 2nd largest holder Black Rock cut it's holding, USB (Polo Tang) has now risen to become BT's 2nd largest holder at 4.65%
But that excludes Altice who are still not showing up on the various sites as a holder yet, so USB  will drop to 3rd largest holder in due course.