Bt Share Discussion Threads

[hash tag thegrimreaper] 10/4/2017 21:01

"The Auction Period

When using the action mechanism, there are 8 possible pathways that can be used to determine the closing price. Admittedly, this is not easy to explain, nor is it important knowledge, but is is not widely covered, especially in understandable terms.

In brief, for SETSqx there are two board-stroke scenarios that encompass the 8 pathways. These are
1. With registered market makers, and, 2. Without registered market makers

1. If trades are submitted during the closing auction, the price will result from calculations to do with these. If no trades are submitted the closing price will be based on the mid of the best market maker bid offer price at the end of the closing auction.

2. If trades are submitted during the closing auction, the price will result from calculations to do with these. If no trades are submitted then the closing price will be determined by the stock's last automated trade

An auction consists of two phases; the Call Phase and the Price Determination Phase. During the call phase, orders can be entered, changed or cancelled, but no trades are completed. Essentially during the Call Phase, there is a call for orders. A preliminary indicative price is also found. The subsequent phase is the Price Determination phase. During this stage, no orders can be changed, entered or cancelled. An order-matching algorithm is run which seeks to find a price at which the executable volume is maximised. In other words, the price reached is the price at which the highest volume takes place. Other conditions are also sought after in the final price. A 'minimum surplus' and accurate 'market pressure' are two of these. The final auction price is displayed as an 'Uncrossing Trade' - UT. [1]

Reference: [1]

[montyhedge] 10/4/2017 20:15

For those interested in income HL reckons yield for 2017/18 5.6% not to bad boys.

[montyhedge] 10/4/2017 20:11

Nearly 7m in Auction more buyers than sellers looking at the flow rate, will open 315p and push on tomorrow boys.The grim reaper as just finished he's burger flipping shift at McDonalds, welcome.

[hash tag thegrimreaper] 10/4/2017 19:37

Which “Big boys” would that be then mutley180(?), the 16,000 buy or the 237,430 sell !



Colonelgrim

[kiltrock] 10/4/2017 18:56

Hi Stock. Oh dear the share price is on the up, maybe I won't get my £2.00 odd now. 2.90 would have done me.

[dumspirospero] 10/4/2017 16:52

Maybe the big boys will help swap the 3 & the 5 by organising a bid :)

[montyhedge] 10/4/2017 16:35

Big boys came in last minute, bang, close 315p.

[montyhedge] 10/4/2017 16:28

After figures, I expect new trading range 335p to 345p.

[colonelgrim] 10/4/2017 16:11

I see
mutley180°
has come around to my way of thinking, as for short positions closing here, I suggest you have a little look at the volumes pal!

[toon1966] 10/4/2017 16:11

As self proclaimed No.1 Trader Montyhedge should get his facts correct, all his loyal fans would want nothing less.....

[dumspirospero] 10/4/2017 15:58

Happy with dividend increasing 10% this year and equivalent of 11% next year....and would be even happier to see over 400p+ again. Good luck all.

[montyhedge] 10/4/2017 15:54

11th May Finals, estimated dividend 10.56p that will do me.

[toon1966] 10/4/2017 15:30

For Montyhedge - I'd just like to point out BT announced on 5 May 2016 they expected to grow their dividend per share by at least 10% in both 2016/17 and 2017/18. That is not the same as '20% over two years....'

[toon1966] 10/4/2017 15:20

stewart64 - I most certainly do not underestimate anything and I would not 'big' anything up!! But to think the one and only factor affecting the share price is the pension deficit is fool hardy to say the least. Bye the way I suggest you read the last set of financials to understand the impact of the Italian accounting scandal......and also could you explain your comment 'great run business' given all the negative news coming out of BT?

[maurillac] 10/4/2017 15:15

monty knows sweet fa. he from barcelona ...
best filtered i think
m

[montyhedge] 10/4/2017 15:14

Bears will close before the final figures, in a couple of weeks time, income investors will buy, I see a run up to 325p before the figures. Come on Woodford you know at this price you like BT for the income, lol

[montyhedge] 10/4/2017 14:43

Prefer BT over Vod, BT growing div 20% over 2 years, then 6% after that. I think Vod will be lucky to maintain their dividend.

[jenny tulwought] 10/4/2017 14:36

What's that monty - dividend up 10%!! WoW!!!!

Where did you hear this? - and do you have a link?
Are you sure you have your facts straight?
When was all this announced?
Thank the lord we all have you to reliably 'keep-us-in-the-loop'.

Once again, my heart-felt thanks.

[montyhedge] 10/4/2017 14:28

Final dividend up 10% that will be ok.

[montyhedge] 10/4/2017 14:26

Sorry typo should be 325p lol.

[stewart64] 10/4/2017 14:25

We should be singing from the same hymn sheet....presumably you think 20% is an overreaction. toon.

[montyhedge] 10/4/2017 14:25

Should be 425p before finals in a couple of weeks time.

[stewart64] 10/4/2017 14:18

We are talking a known operating loss of half a billion compared to something unknowable much bigger. It will have little effect long term. If you are an investor why big something up which is less than 2% of market cap.

[toon1966] 10/4/2017 14:14

stewart64 - the 'Italian job' was just small fry? Couple that with the profits warning in January resulted in a 20% fall in the share price Could you explain that please?

[stewart64] 10/4/2017 14:04

I have been. And I think you underestimate the drag on the stock by the pension uncertainty. The best bit of news the company could receive is some headway being made on a reduction when the figures are releasedo..the price would fly.Uncertainty is a crippler, the Italian job is small beer.

I'm not otherwise knocking a great company, just the pension issue shouls have not been allowed to fester.