Share this page:
Stay connected:
Welcome to the Citywire Money Forums, where members share investment ideas and discuss everything to do with their money.

You'll need to log in or set up an account to start new discussions or reply to existing ones. See you inside!



Posted: 29 May 2018 08:36:19(UTC)

Joined: 29/01/2018(UTC)
Posts: 248

Thanks: 450 times
Was thanked: 117 time(s) in 72 post(s)
I'm sure I read something that described current BT as a pension fund with a telco hanging off it.

I don't know how to read the books, but it does strike me nobody uses BT because they want to, they do so because they have to, which isn't a kind of moat I'm a fan of.
1 user thanked Aminatidi for this post.
john_r on 29/05/2018(UTC)
Posted: 29 May 2018 10:07:17(UTC)

Joined: 18/06/2010(UTC)
Posts: 212

Thanks: 269 times
Was thanked: 221 time(s) in 111 post(s)
Alan Selwood;63055 wrote:
I have issues with BT, M&S, Next and Vodaphone........
.......Next has better skills at retail marketing, but the quality of the clothing leaves much to be desired, so I don't see it as a long-term winner.

Do they sell clothes? I look at them as a bank.

If I was only looking for long term winners then I would stick to Investment Trusts. When I buy individual stocks then I keep a watchful eye on them with a finger ready to press the sell button as soon as I think the time is right.
I learned this lesson from BP.
alan simmons
Posted: 29 May 2018 12:08:08(UTC)

Joined: 29/05/2018(UTC)
Posts: 5

Before the disaster, Barclays had sold $31 billion worth of mortgages to investors, half of which were later defaulted on, the DOJ said
Mr Helpful
Posted: 08 June 2018 17:49:47(UTC)

Joined: 04/11/2016(UTC)
Posts: 678

Thanks: 763 times
Was thanked: 909 time(s) in 426 post(s)
At last !!!

Where now?
Back to basics?
Difficult to evaluate until we discern future shape of business.
The Jewel in the Crown IMHO is OpenReach, where noted above, various parties are presently tabling bids.
Without OpenReach, BT would have little appeal for this investor.
With OpenReach and less of the temporary fashionable junk, BT could be tucked away in the Infrastructure Asset Class for the long-term.
1 user thanked Mr Helpful for this post.
Sara G on 08/06/2018(UTC)
Sara G
Posted: 08 June 2018 18:40:42(UTC)

Joined: 07/05/2015(UTC)
Posts: 673

Thanks: 1252 times
Was thanked: 1290 time(s) in 469 post(s)
I wonder if they could offload the sport to Amazon?!...

I suspect there might be another round of bad news once the new incumbent arrives - s/he will have the advantage of not being blamed. Possibly the dividend may be cut - which I would regard positively if it means they are strengthening their finances and getting things in order.

2 users thanked Sara G for this post.
Mr Helpful on 09/06/2018(UTC), Tim D on 09/06/2018(UTC)
Tyrion Lannister
Posted: 10 June 2018 21:49:45(UTC)

Joined: 03/03/2017(UTC)
Posts: 400

Thanks: 245 times
Was thanked: 303 time(s) in 185 post(s)
I’ve given up on BT. I’ll hold onto the shares I have purely for the dividend but have no intention of topping up, no matter how low price falls.

If the dividend is cut, that’ll be the time for me to sell up and take the loss.
Jim Thompson
Posted: 11 June 2018 07:11:33(UTC)

Joined: 22/02/2012(UTC)
Posts: 151

Thanks: 160 times
Was thanked: 177 time(s) in 69 post(s)
I remember someone on this forum some time ago mentioning that its no use buying a share for an apparent long term hefty dividend if the company is fundamentally badly run. That thought echoed in my head not long after I joined the BT euphoria after the accounting scandal, when the price dropped sharply to around £3, I pressed the sell button after some reflection with a £20 loss.

BT may be a badly run company. An opinion not based on financial figures I would add, or trends on a graph, but what I hear users of their service say. The BT business is like a legacy product trying to be top dog, and in my opinion has a dwindling market heavily weighted towards retirees who still think they are better off with a name they recognise.

For the sake of balance I would add that Virgin Media is the only company I have ever had to write two letters of complaint to.
Tony Peterson
Posted: 11 June 2018 10:30:49(UTC)

Joined: 10/08/2009(UTC)
Posts: 1,252

Thanks: 775 times
Was thanked: 1580 time(s) in 649 post(s)
Historically, BT has been our most profitable investment. Held from launch until 1999 and 2004 until the present.

Dividends and realised gains have paid for our investment about twice over. All this and a great telephone and internet service too. An essential business for me.

I defer to your collective wisdom and confess to yet another investment mistake by ignoring the impatience, disappointments, and critical analysis on this thread. Taking more short term profits from miners' pharma, and utilities, I have just boosted our holding further.

I hope the sp now continues its downward path until the Centrica dividend pops into our ISAs in a couple of weeks. It might help rebuild our BT holding above its previous maximum. Not there yet, though.
1 user thanked Tony Peterson for this post.
Sara G on 11/06/2018(UTC)
Jim Thompson
Posted: 11 June 2018 14:00:09(UTC)

Joined: 22/02/2012(UTC)
Posts: 151

Thanks: 160 times
Was thanked: 177 time(s) in 69 post(s)
Fair comments Mr P, I can't fault your long term commitment.

As a new entrant, it didn't sit right, and on reflection I didn't want to invest in anything I didn't 'believe in'.

1 user thanked Jim Thompson for this post.
Aminatidi on 11/06/2018(UTC)
Tony Peterson
Posted: 12 June 2018 12:57:39(UTC)

Joined: 10/08/2009(UTC)
Posts: 1,252

Thanks: 775 times
Was thanked: 1580 time(s) in 649 post(s)
Happy to note that I seemed to catch a local minimum with BT yesterday, so (since sentiment affects whole sectors at a time) I would like to think that the extra VOD top-up I made this morning at 188 (sacrificing a bit of a 20% profit in GSK since March) to repurchase the VOD shares we last sold at 239 in January might also turn out to be a local min.

But if not we can always top up further.

Mr Helpful
Posted: 12 June 2018 13:08:47(UTC)

Joined: 04/11/2016(UTC)
Posts: 678

Thanks: 763 times
Was thanked: 909 time(s) in 426 post(s)
By some fluke made a quick flip slender profit on BT.A in April/May.
Decided to stand to one side before the Annual Report.
That proved a blessing.

Having exited at 236, re-entered today at 208.54.
If OpenReach retained, then BT.A can qualify for inclusion alongside other portfolio Infrastructure Assets.
With Fundamentals so problematic, leaning to some degree on Technicals.
Trying not to take the polarised view (BT.A or no BT.A); rather how much BT.A ???
Buying on a scale.
1 user thanked Mr Helpful for this post.
Tim D on 12/06/2018(UTC)
2 PagesPrevious page12
+ Reply to discussion


Other markets