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

Tipped by three of The Four Wise Monkeys including David Stevenson (FT/Investors Chronicle). Website address below.

http://www.4wm.co.uk

IC tipped BA a month back at 250p now 195p.. and JKX at 405p a month ago now 300p.

thats quite good for IC.

Bought some this morning, not held these for quite a while but seeing as they have underperformed the sector and with a decent yield, although that could be pared back, with the possibility of upgrades and the fact that they haven't (to my knowledge) been @ these levels for a long time, I've taken the plunge. Good luck all.
2517

Actually touched 137p for a while suspect it will be cheaper next week.

Touch 125p this am.

Picked up some more @ 132 and also BP @ 376.
2517

Well done George I'll wait a bit.

Mitzy, I know co's may well get cheaper still, but what a fantastic opportunity to pick up blue chip shares at knock down prices. I have up to a 3 year view, but I will take profits on the way if / as they arise. Good luck all. Don't be panicked into selling your shares cheaply, they will come back, imo.
2517

I'm still going to wait for 120p ish how about you G..

Mitzy, I'm sticking with my 2 purchases in BT.A (was in profit y'day) and also my SBRY holding which is showing a small loss, I did take advantage of y'days strength in BP. to sell @ 458p, having bought @ 376P so quite happy. I'm fully loaded really with BT.A so if they did fall to 120p I would not increase my holding in them. Good luck all.
2517

I 'm in Sains too G in profit just about.

been told by my sister who works for BT that Alcatel are going to bid...not sure if i 've spelt it right,french company

7.10.08 Reuters - Paris "Livingston (BT Group CE) also rejected a report in online technology magazine The Register that claimed BT plans to outsource its Openreach network business to a third party such as EDS or Alcatel-Lucent."
Which implies to me that if a bid were to come from Alcatel, then it would be a hostile one. Livingston admits that margins are below expectations at the moment, but unless the sp falls significantly below current levels, I can't see shareholders agreeing to a takeover.
Ben Verwaayen is the former boss of BT who is now working as the boss of Alcatel, so this may have something to do with it, but there has been a big management shakeup at Alcatel & their share price has gone from 14 to 1.8 & I imagine they are cash strapped at the moment. One possible source of cash is that Alcatel is considering selling it's 20% stake in Thales radar, to Dassault, but it's not confirmed yet.

How much is Openreach worth? A sale might solve BT's pension funding problem.

most of the people in openreach are the bt pension fund also if bt sold openreach what would bt have left ???

I am e employee of BT If bt want to sell there to just solve BT'S pension problem then all BT'S current and past employees should buy BT because net work it self worth lot more then todays value.(bt.a scrape coupper may be worth 4 times then to day bt values)

Told you so..

hello q..?

BT down to 115p -27p, not a good trading update but not a disaster either. We might see a over-reaction today, so I will look to buy at about 102p.

Yeah, 100p would be a fairer price...


BT to miss forecasts, Global Services boss quits - AFX


LONDON, Oct 31 (Reuters) - Britain's BT Group will miss earnings forecasts for its second quarter due to a poor performance of its Global Services unit and the boss of that division has now resigned, the company said on Friday.

'For the second quarter we expect to report that group revenue will be ahead of expectations but that EBITDA and earnings per share will be slightly below expectations,' it said.

It expects its BT Retail, BT Wholesale, Openreach and other activities to deliver results in line with or ahead of expectations but said the performance of the Global Services division had been poor.

Global services provides outsourced IT, telephone and network services to large companies.

BT said the division was now expected to produce an earnings margin in the range of 7 to 8 percent for the current financial year, which will knock group EBITDA into a small decline compared to last year.

Global Services had a medium-term EBITDA margin of 15 percent.

'We expect revenue growth in this division will remain strong, up 15 per cent year on year, but EBITDA of around 120 million pounds ($198.2 million) will be significantly below expectations,' the group said.

The fall in EBITDA was due to slower than anticipated delivery of efficiency savings and the continued decline in higher margin UK business.

The Global Services boss Francois Barrault will be replaced by group Finance Director Hanif Lalani.