TalkTalk Shares

nb73

Point conceded!

Malthusian

Hasn't Siemens sold off its phone business?

(Though if I've read its history correctly, it did so in 2005, so if you count the 1847 telegraph manufacturer as a "phone company", it still made it past 139 years.)

WannaBLoaded

nb73 wrote: »

I'd buy this sort of share, if I thought that talktalk was basically a good company (which actually I don't)

Think of it as courting volatility. Maybe it will go up from here, maybe down. There's a chance of market beating return in there somewhere. Buy small, set a modest target price of maybe +10% or +20%, and sell if and when it got there.

The risk of being in it for the long term is what would stop me here. I don't want to hold Talk Talk long term. Long term, a phone company is toast. Show me a phone company which has been around longer than say, 139 years.

Having read talktalks wiki not long after the scandal, it seems that talktalk were and maybe are the number 2 to BT? Talktalk were one of the first to offer the 4 services, phone, broadband, tv and mobile.

Personally, i think they are a company that offers bad customer service and a company that doesn't offer a service that is as good as others, but they do seem to be a lot cheaper than BT.

They market themselves well, too. They have sponsored the x factor for a number of years.

When you say buy small and hope for 10% / 20% profit in relative short term, are you talking small as in £1000?

This sort of stuff makes you laugh, though http://www.theregister.co.uk/2015/11/05/talktalk_offers_customer_30gbp_final_settlement_after_crims_nick_3500gbp/

nb73

WannaBLoaded wrote: »

When you say buy small and hope for 10% / 20% profit in relative short term, are you talking small as in £1000?

Bit more than that otherwise commission eats in.

I have done this many many times, but there are risks.

Sometimes the share never recovers to the target sell price, or takes ages to do so. So I would only be buying a share I would be happy to sit on for the long term.

Often the share way overshoots my target price, so I miss out on £000s of potential upside gain.

For these reasons, an index tracker might well perform better (so I do both).

redux

Malthusian wrote: »

Hasn't Siemens sold off its phone business?

(Though if I've read its history correctly, it did so in 2005, so if you count the 1847 telegraph manufacturer as a "phone company", it still made it past 139 years.)

Mobile phones 2005 as you say, in home phones they sold 80% of what became Gigaset in 2008, some networks stuff to Nokia in 2013, but they are still in some infrastructure parts of telecoms, though do seem to be gradually moving away.