If Bt has bought back 2million 5 thousand shares to day. How come it shows on trades as a sell?

Chart looks like it may be a good buying opportunity. The 200p level is historically good support & the 200 DMA at approx 260, there may be a recovery to that level. Broker consensus is for BT to reach 270, with a hold rating.
2007/08 Final (proposed) Dividend 10.4p, payable 15 Sep 2008, record date 22 Aug 2008

Argee, chart does show support at 200p level, I brought my first batch in February at 257, a little bit early I guess and my next buy target is 205p. If FTSE corrects to 5800 level I would expect to be able to pick some BT.A shares.

The only nagging worry I have is that we are still in a bear rally after this most recent bear market bull rally. If we see worse economic news then BT.A could head south with the rest of the market.

Decisions Decisions.................

Isn't it amazing after buying back several million shares nearly every day the sp continues to decline somebody should tell the directors.

An amazing fall... and it has almost 10p divi built into the price (20/8/08)...

The divi isn't built into the price as the ex date isn't until the 20th August.

so the divi is included in price since the market will strip it out on the xd date.

Investec Securities has repeated its BUY recommendation on BT Group Plc. target only 230p

in at 173p

nice

anyone heard the bid rumour?

It's total cobblers maestro. I reckon it's just a case of a couple of strategic investment stakes being built while the sp is on its arse.
By the way, I reckon we need a new BT thread with charts in the header. I'll start one when I get a few minutes.

Ex-divi wed 20th Aug. 10.4p
230p is optimistic in the short term, imo.

ex divi and over 10p down.

I hold bt as well. grim is it not. This has happened to me on quite a few of my holdings just lately. On quite a few occasion the shares can fall a lot more than the dividend that is paid out on the day. The market is terrible at the moment. My advice just sit tight and hope for the market to pick up. I bought 10000 of these at 1.98. not that long ago. There will be a lot of people out there in the same boat. So keep calm and wait.

CHEERS

Chart is a bit of a worry as the sp has not been this low for over 5 years, so very difficult to pick a support level. BT have stopped their buyback program & are going down the fibre optic route which means much more expenditure, so my guess is that this isn't going to change significantly in the near future.
"BT's Ian Livingstone has made his first splash as chief executive announcing plans to roll out a major high-speed fibre optic network across the UK. The 1.5bn rollout aims to reach 10m homes by 2012, and BT is putting its 2.5bn share buy-back programme on hold to fund the project, which will increase capital expenditure by an additional 100m a year for the next two years."
Long term investment now, imo, if you are still holding.

1.5billion over 4 years is not an enormous increase in capex but it is an investment in the company's future growth which other smaller competitors may find it difficult to match. If the alternative is a share buyback program in a bear market I for one as a shareholder would rather see these funds invested in the business to generate more revenue.

Hear Hear//i say

With the yield now 10% I couldn't resist, brought some more today at 164p, no idea where the bottom could be be, so have held funds back to purchase more lower down.

I didn't know that BT now have 33% of the UK broadband market, and will hopefully if things go well be a major player outside of the UK.

See the link below which is the first interview with the new chief exec Ian Livingstone. He seems to come over pretty well and makes some interesting points.

www.bbc.co.uk/2/hi/business/7568466.stm

BT is considering the sale of its 31 per cent stake in Tech Mahindra, the India-listed software services firm, having decided that the holding does not fit its long-term strategy.

The UK telecoms company is keen to sell all or a large part of its stake in the joint venture, which has a market capitalisation of about $2.2bn, according to people with knowledge of the situation...... FT