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

Its a buy having held 101p on two occasions Friday so maestro has lost his bet

Buy signal generated today.

3rd Quarter Results.



Key points:




Revenue growth of 5% driven by acquisitions and foreign exchange

EBITDA1 decline due to poor performance in BT Global Services and one-off charges

Rest of the business performed ahead of expectations, with EBITDA1 growth of 5% being the best year on year performance for five years

Total one-off charges of 336m as a result of the financial and contract reviews in BT Global Services

Completion of the ongoing contract and operational reviews may result in further substantial one-off charges in the fourth quarter

Decisive action to improve performance in BT Global Services

Free cash flow improved due to lower working capital outflow and lower capital expenditure

Total labour resource reduction of 9,500 in the nine months to 31 December

BT's retail share of the DSL and LLU installed base remained steady at 34% (28% share of net additions in the quarter)

BT Global Services order intake remained steady at 1.8bn in the quarter and 8.3bn over the past 12 months

Could it be Maestro is correct afterall..?

Looks like the Cresta Run.. lol.

Yes - not pretty - I've picked up a few @98.8 as a punt.

GOT BACK IN...RIDICULOUS PRICE

nah i am not too sure....i cannot understand why BT are the only provider in the HNS project not to announce losses from it...i see they are saying under review.....until that is clear i am dubious about buying

BT Sees Q3 Profit Tumble By 81% - Sky News


BT has seen its third quarter pre-tax profits tumble by 81% to 113m.

The company blamed the decline on one-off charges and the poor performance of its Global Services division.

The group took a hit of 336m in one-off charges, and warned completion of ongoing contract and operational reviews could result in "substantial" one-off charges in the fourth quarter.

But it said it had taken "decisive action" to improve the performance of BT Global Services.

BT said its other divisions had performed ahead of expectations.

It registered revenue growth of 5% for the period, driven by foreign exchange movements and acquisitions.

BT will head to 50-60p.

BT Sees Q3 Profit Tumble By 81% - Sky News


BT has seen its third quarter pre-tax profits tumble by 81% to 113m.

The company blamed the decline on one-off charges and the poor performance of its Global Services division.

The group took a hit of 336m in one-off charges, and warned completion of ongoing contract and operational reviews could result in "substantial" one-off charges in the fourth quarter.

But it said it had taken "decisive action" to improve the performance of BT Global Services.

BT said its other divisions had performed ahead of expectations.

It registered revenue growth of 5% for the period, driven by foreign exchange movements and acquisitions.

BT Group UBS has lowered its target price from 105p to 95p.

What a joke I'm holding for 8 years from 440p and sold today pathetic management and blaming the Global Services for their own past mistakes .

BT has lost a lot of business to rivals like Virgin, Talk Talk, AOL, etc.

maextro et al may be correct they may indeed fall to 15/20p.

won't get that far. The government are ready to Nationalise them if things get worse. I wonder whether along with the banks, all utility companies will end up in gov hands.

well the nav is around 50p which may provide support but the shorters are playing a good tune here.

BT is only worth 50p at the most.

i wonder how low this will go