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

Court judgment on the Crown Guarantee

Judgment has today been given in the Royal Courts of Justice on the scope and extent of the Government's obligations in respect of the Crown Guarantee.


The key point in the judgment is confirmation that, in the unlikely event of BT becoming insolvent, the Crown Guarantee can cover members who joined the BT Pension Scheme both before and after privatisation. A further hearing is expected to resolve some outstanding points of detail1.

It holds above 160p then 200p on the cards skinny.

I'm hoping for 500p next year.

One can always hope, Mitzy, but have you anything in the fundamentals pointing that way?

No nothing Kevin just based on hope.

OK then. Let's all keep hoping!

lol.

good news regarding the almost 3billion reduction in pension fund liabilities, interim results to be announced next thursday 11th november, could this be the beginning of their renaissance?

Yes - good gap up today and fairly good volume.

pension regulator has yet to have his say

RESULTS FOR THE SECOND QUARTER AND HALF YEAR TO 30 SEPTEMBER 2010


Key points for the second quarter:

Adjusted revenue1 of 4,977m, down 3%

Adjusted EBITDA1 of 1,452m, up 3%

Adjusted profit before tax1 of 496m, up 13% (reported profit before tax of 406m, up 48%)

Adjusted earnings per share1 of 5.1p, up 16% (reported earnings per share down 7% due to prior year tax credit)

Free cash flow2 of 535m; 950m in the half year, up 63%

Net debt2 of 8.7bn, down by 1.2bn

Interim dividend of 2.4p per share, up 4%

2010/11 full year outlook raised:

- adjusted EBITDA1 expected to be around 5.8bn

- free cash flow1 expected to be 2bn

Free cash flow1 in 2011/12 and 2012/13 expected to be above 2bn

From the Independent..


http://www.independent.co.uk/news/business/sharewatch/investment-column-hate-it-or-hate-it-bts-shares-are-cheap-2131775.html

BT has offered to match an 830m government subsidy to offer its superfast broadband to 90% of the population by 2017. It has also kicked off a trial to push speeds to ten times their current level. BT told The Times yesterday that it would ask the government for funds that have been freed up from the television licence fee to bring high-speed broadband to areas where it is economically unviable. It will formally pledge to match this subsidy next Monday when the Government unveils its broadband strategy.

Next year will be a good year.

Great chart 2011 could be a good year now the debt is reduced..

lol , you'll make your mind up one day mitzy :-)

lol Dil..

I'm glad of that..

Buy at 174p... .target is 210p

Just like the good old days when it went from 200p to 1800p.

start again MITZY mm02 must be missing.