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

lol

brianboru
probably something to do with ofcom(telephone regulator)wanting to open the fixed line and broadband up to competition. hence the innumeral telephone sales and doorstep visits from other companies wanting you to sign with them for cheaper rate calls. these companies let you keep your bt number. they have no telephone lines or exchange routing equipment of their own and just pay bt for the line rental. i must have had at least 200 of these sales calls, many from abroad with accents ,lets say, a little difficult to understand. my partner has devised a way of dealing with them,just keep tapping the dial button for a while at the same time saying hello, hello and then hang up.

Cheers decking! When a friend of mine gets one of those calls he asks them if they're wearing underwear! So far none have either answered his question nor continued the sales patter ;-)

I've read the paper comments below;

http://www.thisismoney.co.uk/news/article.html?in_article_id=397912&in_page_id=2

http://www.guardian.co.uk/business/story/0,3604,1410469,00.html

http://news.independent.co.uk/business/news/story.jsp?story=609932

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/02/11/cnbt11.xml&menuId=242&sSheet=/money/2005/02/11/ixcity.html


and am more than happy to continue to hold or buy more near to 2.00

Read the FT in the library (public not the one in my castle!) and they were quite kind to BT - However they did mention that they're more popular with the general public than analysts - I've no idea whether that's good or bad?

Some things none of the reports mention are the tremendous cash flow BT has, leading to the reduction in debt, it's great dividend growth and it's share buy back policy. I always read that strong cash flow = very good but the analysts seem to ignore it!

I doubt it will happen but a takeover would be self financing with BT's cash flow so I heard. It'd be nice business for all the institutions who strive hard to keep the share price so low!

I stuck some in the SIPP today.

Upgrade for BT
MoneyAM
BT Group has been upgraded to 'in-line' from 'underperform' by Goldman Sachs following Q3 results.

In Goldman's view, BT's underlying revenue performance is enjoying a mini-renaissance driven by strong demand for broadband and market share gains in Information and Communications Technology (ICT).

Moreover, the broker said downward pressure on core voice revenues appears stable with no signs of an acceleration in the next two or three quarters.

In addition, Goldman noted BT's International Financial Reporting Standards (IFRS) presentation in March should provide greater clarity on the size of any adjustments to net debt required to restate for the 2.4bn property sale and lease back. In Goldman's opinion, this is likely to renew focus on the scope for re-leveraging the balance sheet.

There are a range of issues that Goldman believes BT's board will be considering in relation to its medium-term gearing and its ability to release more cash to shareholders. Goldman said it thinks these include: balance sheet strength to support continued expansion in the ICT market, M&A opportunities, opportunities in mobile, pension funding requirements and the impact of IFRS.

However, Goldman noted that despite the current relative strength in BT's revenue performance, its forecasts continue to reflect a fairly cautious outlook for the group. Medium term, Goldman said it still sees significant structural pressures from mobile substitution and Local Loop Unbundling-based competitors.

Come on bt.

BT are also now offering a free upgrade for those on 1Mb Broadband to 2Mb as the same cost,a very good deal.

Big volume for midday !

MMO2 rose rose 2 per cent to 124.5p as Deutsche Bank advised investors to switch into the mobile operator from BT Group, off 0.5 per cent at 206p.

Deutsche said negative regulatory newsflow was about to start flowing for BT with a consultation on the valuation of the copper network due on March 15.



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Lots of weekend coverage of potential breakup of BT

http://www.timesonline.co.uk/newspaper/0,,2712-1513957,00.html

BT battles to avoid wholesale split
By Elizabeth Judge, Telecoms Correspondent



BT, the telecoms giant, will make a last-minute appeal to MPs this week not to be split in two. The group, which has been threatened with the separation of its wholesale and retail divisions by Ofcom, the regulator, will appear before the Trade and Industry Select Committee to defend itself.
In a last-ditch attempt to stave off a break-up, BT will argue that it would create too much upheaval. It will claim that a whole BT is far more beneficial for consumers and that there are no precedents outside the UK for the successful splitting up of an incumbent operator . When it was attempted in the US it failed.......


Would a break-up of BT really be a bad thing for shareholders?

From SG Warrants site -
BT Group: Weakness
In the short term, the MACD is capped by a declining trend line. The downside breakout of 201.75 would trigger a bearish acceleration towards 192.50 initially. Only the break above 212.50 would lower the corrective risk, opening 217.75 as next up target and 226.75 in extension.
In the medium term, the stock is bullish above 177.50.
(02/25/2005 11:07)


So far it's held above 201.75

And the latest from SG is



BT Group: Last chance for an upward reversal.

In the short term, the stock bounced off a bullish trendline but lacks momentum. Nevertheless, as long as 200 acts as support, look for a new leg up towards 212 at first, and then 217.8 in extension. Only the break below 200 would higher the corrective risk, opening 195 as next down target.
In the medium term, the stock is bullish above 195.

(03/11/2005 15:15)

This one has to be broken up to get some share holder value back .Bitter from wales,,just my view.

DD - Think of the divi!

5%ish wow,i bought this as a recovery play and it still owes me 20%.

BT Group: Key support at 197.50

In the short term, the stock bounced off a bullish trendline but lacks momentum. Nevertheless, as long as 197.50 acts as support, look for a new leg up towards 212 at first, and then 217.8 in extension. Only the break below 200 would higher the corrective risk, opening 195 as next down target.
In the medium term, the stock is bullish above 195.

(03/18/2005 15:36) Soc Gen Covered warrants thread.

I thought we had a bullish reversal yesterday which seemed confirmed at the open but bang, down it goes. The RSI also looks very oversold. I've a fair few held for the long term but am also looking to go long using covered warrants - anyone here used them?

No sorry brianboru.

Big week this week for the old dog talk of 2 billion profit on the cards,,,,,if it made 4 billion profit,you would only get another 10% out of the sp,,,,please tell me i could be wrong {bitter from wales}.

Ding dong almost 2.10 up 4%..