Is it what rather than which? Not sure... |
Ridiculous over reaction yesterday.
Short seller driven. |
Yeah BT looks good bet.
Thanks
(I bought a few more as a result of positive article.
If it fell on negative article, statistically might recover slightly on positive) |
 JPMorgan has reiterated its 'outperform' rating on BT Group Plc despite competition concerns hitting the stock following the announcement that Sky has signed a wholesale deal with CityFibre.BT's share price dropped more than 6% on Tuesday to settle at 136.3p after competitor CityFibre announced a long-term broadband partnership with Sky, which will see the latter offer its broadband to people on CityFibre's nationwide full fibre network.Sky's full fibre broadband is expected to be available on CityFibre's full fibre network from next year. Longer term, this will include more than 1.3m homes in hard-to-reach areas through CityFibre's participation in the government's Project Gigabit Programme.However, JPMorgan said the news shouldn't come as a surprise to BT shareholders. "There has long been speculation Sky would sign a deal with either VMO2 or CityFibre. We consider this a natural step as Sky looks to preserve its negotiating power and maintain strategic flexibility," said analyst Akhil Dattani.Dattani pointed out that only 1.5m of CityFibre's total 3.8m-home footprint overlaps with BT's coverage at 15m homes, and that the hard-to-reach areas CityFibre is targeting are only expected to see "limited build from BT"."Investors have long struggled with trying to model how the UK Fibre landscape will evolve, and what this means for BT's future fibre returns (the core driver of its investment case)," Dattani said.While the Sky deal will likely deal a blow to BT, the bulk of line losses are likely to come at the expense of Virgin Media O2 due to the areas in question, the analyst said. JPMorgan already predicts that BT Openreach's 70% network penetration will fall to 60% over the long term anyway."Hence we believe any material sell-offs [at BT] should always be seen as buying opportunities and we remain confident in our 290p target price (110% upside potential)," Dattani said. |
JPMorgan stays positive on BT, downplays Sky deal with CityFibre https://www.voxmarkets.co.uk/articles/jpmorgan-stays-positive-on-bt-downplays-sky-deal-with-cityfibre-4480b35 |
Waiting for 130p-133p myself after ditching @144.9p last Wed.GLA |
Wait for 130p or nibble it now .. |
Some idiot pulled the plug out..... |
Closing market report from II:
Top of the fallers was BT, down 6.4%, after Sky and CityFibre agreed a long-term partnership that will see Sky launch broadband services on the CityFibre network.
Sky’s full fibre broadband is expected to be available on CityFibre’s full fibre network from next year, CityFibre said in a statement.
The deal sparked concerns that BT's Openreach could face a loss of market share, with Sky a key customer of the London-based telecommunications provider.
But AJ Bell's Danni Hewson thinks CityFibre’s "modest scale and focus on rural areas suggest it shouldn’t be a huge issue". |
diku, the only share i'm managing to do that on is CCL very tradeable via charts. |
Why it could be the right time to bet on BT: As two of the world's richest men buy in... its 'misunderstood' stock is moving upwards
They fell back today on the news that TV company Sky plans to launch its broadband services on CityFibre’s network, rather than BT’s Openreach.
This was unwelcome news for BT as Sky’s existing partner. However, analysts believe the financial impact on the telecoms giant is manageable and that Sky will continue to have a relationship with Openreach. |
Plenty of orders on the buy side in the closing auction so I'm not concerned. Up day tomorrow I'm sure! |
smurfy...my point being...sell and buy back cheaper when opportunity presents...you are still in the share...hindsight yes but telcos is not a racy sector... |
picking a price at any point in time and saying why isn't it now more than that is meaningless. it's more to do with the expectations from right now. I expect it to climb to around 220ish |
Not complaining really, sold 5000 (half my holding) on Friday at 144.8p, bought 5000 just now at 134.6p, it brings the average down.
A rather silly over-reaction in the share price It might take a while to recover, I'm in no hurry. |
2016 share price 500p...today share price xyz?... |
diku, if i'd have thought like that l wouldn't be sitting on 180% gains on Natwest or 452% on Rolls Royce. Takes time to brew the chaii. |
160 isn't infinity :) |
Forget about the yield...just imagine if sold around 145p - 146p yesterday and lucky enough to get the divi you actually would have sold at 150p+...today 134p to buy....morale of story hanging around for jam tomorrow or to infinity not working... |
I know I cancelled TNT Sports on BT because I can get it cheaper from Sky but this does seem an overreaction. |
Someone must have spat their chaii this morning. |
Bt yield was 5.49% as at yesterday. Today drop of 7.42% is more than one year divi yield. |
Now fickle we are to a hacks spin :-( |
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