BT share price woes

Pincher

It's certainly character testing.

14p dividend from £3.15 share price is 4.4%, though.
Have too much already, so can't buy any more.

Should have sold some at £4.00, that's for sure.
Half and half.

economic

Pincher wrote: »

It's certainly character testing.

14p dividend from £3.15 share price is 4.4%, though.
Have too much already, so can't buy any more.

Should have sold some at £4.00, that's for sure.
Half and half.

ill wait till its settled down. better to buy 10% higher and more certainty then now and potential to fall lot more.

Malthusian

economic wrote: »

good time to buy?

Depends. What do you know about its Italian unit that the market doesn't?

bowlhead99

Hey, what's a loss of £0.2bn of revenue and Ebitda together with £0.5bn reduction to free cash flow generated (both for 2016/17, and same again for 2017/18), together with major reputational damage, between friends?

The shares are only off about 10% from the 350p ish which you could have picked them up for in Q4 last year. Certainly not a "screaming" bargain.

That said, these things are sometimes overdone and we're getting towards the last couple of months of tax-allowance-using-up season, so I might take a closer look.

theEnd

Complete aside, but I could never buy shares in a company with such a bad website! Their whole ordering and customer services screams of a very badly managed company.

Pincher

http://www.bbc.co.uk/news/business-38728816

Is it just an Italian corruption thing, or is it BT rotten to the core?

This is pure gambling now.

Ray_Singh-Blue

BT has been in my peripheral vision for some time but today seems like a good day to have a proper look. Because it feels like someone just stuck a red "reduced" sticker on the shares. Or "Buy 4 get one free"

5 minutes on t'internet (brought to me by BT in fact) & I can see that within the last 8 years the share price was as low as 74p. Turnover, profit and earning per share have been largely flat for 20 years.There are controverises over deals with china, open reach monopoly, now financial shenanigans. Pension fund deficit measured in billions.

On the plus side, red sticker.

chucknorris

Pincher wrote: »

In contrast, I (and so do you) have £5,000 dividend allowance, and then you only pay 7.5% basic rate.

Conclusion
=======

3.8% and 7.5% tax looks bl00dy good to me,
versus 1% and then 20% tax.

I'm sure that you'll already know, but some others reading your post might not, you only pay the 7.5% tax if you are a basic rate tax payer, and if the dividend income itself takes you over the 40% threshold, then you start paying the higher tax rate of 32.5%. Although I am happy enough paying 32.5% compared to 40%.

Pincher

At £3.00, dividend yield is 4.6%. It's simply do you believe the rest of the accounts are true, so the dividend cover of 2.37 is solid enough to keep the dividend coming.

Glen_Clark

theEnd wrote: »

Complete aside, but I could never buy shares in a company with such a bad website! Their whole ordering and customer services screams of a very badly managed company.

BT aside, doesn't that mean there is scope for improvement and upside to the shares - possible takeover target even.
Wheras if it was already well managed there would be less scope for improvement and so no upside?