Talktalk Telecom Share Discussion Threads

[1gw] 11/11/2015 17:31

I think they're made of fairly stern stuff, so I doubt today's setback will trouble them especially.

If you look at their history with TalkTalk, they declared at 0.62% short on 1st November 2013 (sp 264p) and increased in a number of steps up to 1.90% short by 13/10/14 (sp 265p). As a very rough estimate I would say their average sale price while building the short was in the high 260's, although it depends how long it took them to build the initial 0.62% as well as the actual price achieved on the other days. The only material bit of closing they did was on 26/5/15 when they reduced from 1.89% to 1.78% and when the share price was 401p, in other words about 50% above their average sale price.

[goldilocks1] 11/11/2015 17:11

haven't followed it up, but am sure it's in hand
i recollect that countries can start implementing it straight away, but i may be wrong

[market sniper1] 11/11/2015 16:46

Wheres the evidence. Heard nothing since the glorious announcement.

[goldilocks1] 11/11/2015 16:44

you've forgotten about the multinational agreement to crack down on tax manipulation by corporations

[rathlindri] 11/11/2015 16:37

trust they are frying nicely now

[market sniper1] 11/11/2015 16:30

Bet they dont. They have had top accountants copying the large corporates model.

If they turn crickhowell down, they have to start charging starbucks etc more tax, thats the beauty of this scheme.

Anyway stop being a killjoy. I thought youd be tickled with that report.

[1gw] 11/11/2015 16:24

Short positions.

Eminence increased their short to 2.02% yesterday (from 1.90%).

[rathlindri] 11/11/2015 15:51

Thanks 1gw, all useful, personally, I'm still happy to hold....and to remain a customer.

[shroder] 11/11/2015 14:07

Cheers 1gw for the news flow.

[market sniper1] 11/11/2015 13:28

Just think you could get your own town to do the same and your tax bill will be negligible Goldie.

Up to the Club House the 19th hole to get it sorted.

[1gw] 11/11/2015 13:26

Barclays 400p target - from the Dow Jones article:

'TalkTalk's update reflects the company's resilience despite the fallout from the cyberattack, said Barclays analyst Maurice Patrick. The broker cut its target price to 400 pence from 500 pence, but reiterated an overweight rating.

"The recent de-rating since the cyberattack has resulted in TalkTalk now looking inexpensive versus peers," Mr. Patrick said, adding the company should see a material upside from its mobile operations as it builds out bundled telephony and media offers.'

[market sniper1] 11/11/2015 13:25

Goldie, youl like the above, especially if it catches on and spreads to other towns and villages.

Will be interesting to see what the governments reaction is.

[market sniper1] 11/11/2015 13:24

Town traders move ‘offshore̵7; to ‘nudge’ government into ending corporate tax avoidance
11
Wednesday
Nov 2015
Posted by Mike Sivier in Avoidance.

Congratulations are due to traders in Crickhowell – very near the home of Vox Political – who are using the tools of corporate tax avoiders against them.

The Powys Tax Rebellion, as it has become known, began when independent traders decided they weren’t prepared to pay huge amounts of tax while the likes of Google and Starbucks avoided paying billions. They formed a consortium with its own tax plan – and want to encourage others to do the same.

This is where the scheme turns out to be doubly clever.

You see, for the past few years the Cameron government has been using coercive strategies to ‘nudge’ people into behaviour they would not otherwise display – pushing benefit claimants into carrying out all sorts of silly exercises for no very good reason is a prime example.

With this scheme, participants in the Powys Tax Rebellion are forcing the government to play its own game – ‘nudging’; David Cameron and George Osborne towards tax reforms that might – just might – make the system fairer for everybody.

They wouldn’t do it on their own; they wouldn’t do it under persuasion. Now they are being forced to face the possible loss of billions from small businesses who have had enough.

And it’s about time.

Vox Political is hoping to be able to signpost interested parties towards details of the scheme and information on how they can use it in the very near future. For now, here’s how The Independent reported on the rebellion:

When independent traders in a small Welsh town discovered the loopholes used by multinational giants to avoid paying UK tax, they didn’t just get mad.
Now local businesses in Crickhowell are turning the tables on the likes of Google and Starbucks by employing the same accountancy practices used by the world’s biggest companies, to move their entire town “offshore̶1;.
Advised by experts and followed by a BBC crew, family-run shops in the Brecon Beacons town have submitted their own DIY tax plan to HMRC, copying the offshore arrangements used by global brands which pay little or no corporation tax.
The Powys tax rebellion, led by traders including the town’s salmon smokery, local coffee shop, book shop, optician and bakery, could spread nationwide.
Crickhowell residents want to share their tax avoidance plan with other towns, in a bid to force the Treasury into legislation to crack down on loopholes which allowed the likes of Amazon to pay just £11.9m of tax last year on £5.3bn of UK internet sales.
Source: Crickhowell: Welsh town moves ‘offshore̵7; to avoid tax on local business | UK | News | The Independent

[1gw] 11/11/2015 12:06

In fact I've bought some more at 241p on the back of today's news, presentation and director share purchase.

[1gw] 11/11/2015 12:03

CEO share purchase.

There's a nice gesture. DH buying 41k shares. Looks like its an outright spec purchase rather than part of a share scheme.

[zipless] 11/11/2015 12:02

Profit is good.

[1gw] 11/11/2015 10:29

ESOT

It's amazing that the ESOT (the Employee Share Ownership Trust) sold over 20m shares over the summer. In the Annual Report it states that ESOT held 32.5m shares at 15th April; today the results statement says it continues to hold 10.2m shares.

They announced sales of 3.3m on 11th Aug (after which they said the ESOT continued to hold 26.9m) and then 4.2m on 13th Aug and 3.0m on 28th Aug. That suggests they held 19.7m after the last sale.

So they appear to have sold 9.5m shares between 28th August and today. That's a relatively big number and I find it difficult to believe that hasn't contributed significantly to the share price weakness.

[1gw] 11/11/2015 09:12

She's doing a good job on slide 7...

[1gw] 11/11/2015 09:00

agree the guidance and Q&A's are going to be key.

But they've already set out some encouraging guidance ("FY16 in line with current market expectations (pre the cyber attack)" by which I assume they mean the numbers they said they were comfortable with in the October MTTS presentation. And maintaining the dividend is a sign of confidence. It looks to me like they're going to fudge the FY17 guidance - saying better than FY16 but not definitively saying whether they're still on for meeting the public targets.

The analysts will doubtless probe to try to see if maintaining the dividend shows justified confidence rather than reckless bravado...

[peasterb] 11/11/2015 08:44

if doesn't pass the 2.55 I will be happy.

[peasterb] 11/11/2015 08:42

agree good set of figures, but that was for the first half, the second half is the key. their guidance and their answers to the analysts questions will be key.

[19bells] 11/11/2015 08:34

Nice day to go short