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morris neson
Posted: 08 February 2017 09:24:45(UTC)
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A very simple question. Is it time to step in now? with BT showing a 27% drop in price.
Thought's etc from the more seasoned investors as well as the novices like myself.
This is further to the thread last month with a 20% drop in price.
Morris
kingo
Posted: 08 February 2017 11:31:58(UTC)
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Fill yer boots morris, or maybe not.......
Mr Helpful
Posted: 08 February 2017 11:46:56(UTC)
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morris neson;42813 wrote:
A very simple question. Is it time to step in now? with BT showing a 27% drop in price.
Thought's etc from the more seasoned investors as well as the novices like myself.
This is further to the thread last month with a 20% drop in price.
Morris


No-one fully comprehends the future.
I.E. whether BT is now fairly priced against value or expected returns?

More Importantly : What does the rest of the portfolio look like?
BT may, or may not, fit in well with an existing well-diversified portfolio.
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morris neson on 08/02/2017(UTC)
BOB 2
Posted: 08 February 2017 17:01:32(UTC)
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BT DIRECTOR RECENT BUYS
07-Feb-17 Buy
 Gavin Patterson PRICE 306.85 GBX AMOUNT 47,404 HOLDING 2795110

03-Feb-17 Buy
 Alison Wilcox PRICE 307 GBX AMOUNT 12,925 HOLDING 24736
30-Jan-17 Buy
 Tony Ball PRICE 302 GBX AMOUNT 70,000 HOLDING 92561
30-Jan-17 Buy
 Iain C Conn PRICE 302 GBX AMOUNT 11,384 HOLDING 19442
30-Jan-17 Buy
 Sir Michael Rake PRICE 306 GBX AMOUNT 15,000 HOLDING 148584
30-Jan-17 Buy
 Isabel Hudson PRICE 306 GBX AMOUNT 4,872 HOLDING 8424

But chief executive Gavin Patterson today confirmed that the malpractice in Italy has not been mirrored elsewhere. Speaking to City A.M. he said:
We’ve reviewed all our other subsidiaries around the world. We have no evidence that this kind of thing has gone on anywhere else at this stage.



However, while investors and analysts question whether overseas operations are more trouble than they are worth, Patterson added they had an important role to play, especially as Britain negotiates its exit from the EU.

“It [Global Services] does perform a role for the group. It does ensure that we have some exposure to markets outside of the UK. And in a world where the UK is going to go through Brexit I think it is important to have some diversified revenue streams, so if the UK goes through a particularly poor period we have the opportunity to grow elsewhere.”

On the bright side, the UK broadband market grew by 189,000 customers and BT's retail share was 83,000 - or 44 per cent. Openreach has halved missed appointments year-on-year. And, well, there's record growth in the telecoms' giant's EE mobile unit.
But as chief executive Gavin Patterson said: "The good progress we're making across most of the business has unfortunately been overshadowed by the results of our investigation into our Italian operations and our outlook."
SHARE PRICE C TODAY 16.45PM 08/02/2017
UP 2.5P SELL 311.05p BUY 311.15p
PREVIOUS DAY UP 1.709p
DIVIDEND 4.51% PLUS 10% with a bit of luck.
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morris neson on 08/02/2017(UTC), MAK on 09/02/2017(UTC)
dyfed
Posted: 08 February 2017 17:51:20(UTC)
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I bought some the day it crashed and some more a few days later when the dust cleared a bit and some more results came through. Why? Can't resist a bargain in a share normally regarded as solid, paying a decent divi. I am a novice so not sure my assessment is worth much!
4 users thanked dyfed for this post.
Sara G on 08/02/2017(UTC), Mickey on 08/02/2017(UTC), morris neson on 09/02/2017(UTC), Tony Peterson on 09/02/2017(UTC)
Keith Hilton
Posted: 08 February 2017 18:31:15(UTC)
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dyfed;42827 wrote:
I bought some the day it crashed and some more a few days later when the dust cleared a bit and some more results came through. Why? Can't resist a bargain in a share normally regarded as solid, paying a decent divi.


Yeah, that! ^^
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dyfed on 08/02/2017(UTC), morris neson on 09/02/2017(UTC)
BOB 2
Posted: 08 February 2017 20:40:18(UTC)
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Hello,

We wanted to let you know that the price you pay for your broadband and calls will be going up on 2 April 2017. We've put the changes into a simple table for you below.

Even though some of your prices are increasing, you won't have to pay any extra for your line rental as we're committed to keeping it at the same price for the whole of 2017.

Here's how we're making your services even better






Protecting you from nuisance calls. BT Call Protect is a brand new service exclusively for our customers. It proactively monitors nuisance calls and automatically prevents them getting through to your phone. It's free and easy to set up so simply go to bt.com/callprotect Answering more of your calls in the UK and Ireland. You told us you wanted to speak to someone closer to home. Great news, in spring 2017, we'll be answering 90% of our calls in the UK and Ireland.





We've simplified your bill. So on your first bill after 2 April, you'll see one charge that includes your broadband, call package and line rental. We're committed to keeping your line rental at the same price for the whole of 2017.




Prices that are going up




On 2 April 2017 your monthly price will increase by

Broadband and Calls

£2.00



Prices that aren't changing


On 2 April 2017 your monthly price will change by


Line Rental CHARGE (STAYS THE SAME)


If you've got other services that aren't showing here, don't worry. It means those prices aren't changing.





Standard prices for calls that aren't included in your Calling Plan are increasing on 2 April 2017 as follows:






Calls to UK landlines and the Access Charge for calls to Service Numbers will go from 11p to 12p a minute



Calls to mobiles from your landline are going up from 15p to 16p a minute. (But if you have the Unlimited Anytime Calls plan, you'll pay half price with a change from 7.5p to 8p a minute)



International calls from your landline are increasing from 45p to 46p for countries in Band A, 75p to 76p for Band B and 135p to 136p for Band C. Visit bt.com/international for more information



The set-up fee for calls will go from 19p to 21p a call.





Pay-Per-Use features From 2 April 2017, the price will increase by







Call Return 1471 #3 or 1571 #0 (per call) UP 1P




AND AGAIN IN MORE DETAIL


BT has announced it is increasing prices for broadband as well as some calls and is to begin charging TV customers for BT Sport.

The company said copper broadband customers will see a £2-a-month increase from April 2, Infinity fibre broadband will go up by £2.50.

BT TV customers will have to pay £3.50 a month for BT Sport from August 1, while customers who have BT Broadband and watch their Sky satellite service will see a £1.50 increase to £7.50 a month.

Non-BT Broadband customers who watch BT Sport on their Sky box will see their monthly charge go up £1 to £22.99 a month.

Anytime calling plans will go up by 49p to £8.99 a month with evening and weekend call plans to go up by 30p to £3.80.

All call pence-per-minute rates are increasing by 1p and the call set-up fee is going up 2p to 21p with individual calling features to go up by 25p, such as Call Minder which will increase from £4.25 to £4.50.

BT Consumer chief executive John Petter said: "Customers will get a better package and improved service from us this year in exchange for paying a little more.

"As usual, we've taken care of low income customers by freezing the price of BT Basic and capping call costs. We've also frozen line rental, which will particularly help customers who only take a traditional phone service from us", he added.
Last updated Fri 20 Jan 2017
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morris neson on 09/02/2017(UTC)
Keith Hilton
Posted: 08 February 2017 21:08:29(UTC)
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Using (my interpretation of) the TP methodology, I'll need to increase my BT holding by 25% to cover my bills!
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Raj K on 09/02/2017(UTC), morris neson on 09/02/2017(UTC)
kWIKSAVE
Posted: 08 February 2017 21:23:31(UTC)
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BT is my worst share !

currently down 35% and not budging much

really now an income stock
2 users thanked kWIKSAVE for this post.
morris neson on 09/02/2017(UTC), Keith Cobby on 17/10/2017(UTC)
Tony Peterson
Posted: 09 February 2017 08:06:22(UTC)
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BT is our best share.

The overreaction to the little local Italian difficulty gave me a welcome chance to restock after years of profit taking, in two bites, first at 311 then rather more at 303.

Should the price fall any more I will continue restocking. Profit slicing will resume over £4. The dividend last week still comfortably pads out our bank account.
1 user thanked Tony Peterson for this post.
morris neson on 09/02/2017(UTC)
kWIKSAVE
Posted: 09 February 2017 08:13:13(UTC)
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Tony P

Shell is my best share !

Is it your worst ? If not please say....
Tony Peterson
Posted: 09 February 2017 08:25:05(UTC)
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kWIKSAVE

Never held Shell. Don't have a worst share. They all provide me with goods and services and cash and profit and entertainment.

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morris neson on 09/02/2017(UTC)
kWIKSAVE
Posted: 09 February 2017 09:01:55(UTC)
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I'm chuckling at your response Tony, you should be an MP !

You have reached utopia.

Your methods work for you , dread to think how much commission you have paid.

Nevertheless your heirs will be well looked after.

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morris neson on 10/02/2017(UTC)
Alan Selwood
Posted: 09 February 2017 18:21:14(UTC)
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The BT message about changes to its prices was clearly written by the same people that have written similar messages in earlier years.

The general tone of their messages is always to make a song and dance about the minor or cheap-to-supply aspects of their products, say how good they are for not increasing whatever they are not increasing. They then announce prices rises very neutrally. Generally, they try to bury the overall cost impact by using many paragraphs where one would do.

A bit like lots of politicians, really!

Some of the 'good news' they announce stems simply from regulatory complaints about what they were doing before.

Would I buy the shares now they are cheaper? No.
Did I buy the shares before they got cheaper? No.

Other investors must and will make their own decisions.
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morris neson on 10/02/2017(UTC)
Rishan
Posted: 17 October 2017 14:38:31(UTC)
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Share price still slipping, surely it's got to be near the floor. Has anyone bought / is anyone tempted? I must admit I am with that yield. Apart from being UK-centric is there anything really wrong with the company? I've read about pension liabilities, risk of Openreach being taken away, but people will still need broadband! Classic falling knife?
Tony Peterson
Posted: 17 October 2017 15:00:15(UTC)
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As a one-time slaughterman Rishan, I can tell you that falling knives are easy to catch if the handle is uppermost.

Aim for the handle. I still do.
Mr Helpful
Posted: 17 October 2017 15:45:42(UTC)
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UK Value Investor took a look at BT last year.

https://www.ukvalueinves...es-could-be-risky.html/

At some price level the downside worst case scenario must surely be priced in!
But where on earth is that price level?

Perhaps wait for technicals to improve and buy on the way up, rather than on the way down?
Generally averse to relying on TA for decision making, but might assist on this awkward very uncertain occasion, where fundamentals are so problematic?
Keith Cobby
Posted: 17 October 2017 15:51:01(UTC)
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I bought BT at flotation in 1984. Just an income share now. Has Jeremy given any forward guidance on how a future Labour government would compensate shareholders on nationalisation.
Tony Peterson
Posted: 17 October 2017 16:00:59(UTC)
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Keith


The shares we bought at flotation were all sold out at over £10 just as the last millenium came to an end.

Our present holding going back to 2004-2011 cost an average of less than £2 /share. More in realised profit and dividends has been paid back to us than we ever invested in BT. I still consider Thatcher's sale (intended to benefit her friends) an outrage at a time that North Sea oil was kicking in, and instead of flogging public assets she should have kept tight hold on the national wealth..

I may well add further to our holding (now down to 45k shares from its peak of 65k) tomorrow. I'll let you know. It is just about numbers, really.
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Mickey on 17/10/2017(UTC)
Rishan
Posted: 17 October 2017 16:02:18(UTC)
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Mr Helpful;52074 wrote:
UK Value Investor took a look at BT last year.

https://www.ukvalueinves...es-could-be-risky.html/


Thanks, I thought UKVI had looked at BT, but I couldn't find the article...
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