Just under a week ago I wrote about how boring BT Group (BT.A) shares are. However, whilst I was right to buy a bunch of the shares a couple of years ago, when the share price has moved very close to my two quid share price target I have failed to book my profit and run. But what has gone, has gone and what am I going to do with the shares that today are down about 5% to just shy of 168p?
I think it was the Welsh poet George Herbert who once wrote “Thursday comes and the week’s gone”. Perhaps he should have looked at the stock market a bit more, because Thursday is always the busiest day of the week for anyone interested in corporate updates. Three pieces of news flow that particularly interested me today…
Back in February I concluded about Hargreaves Lansdown (HL.) that it was an “absolutely fine company to use if you are an investor, but in my opinion you do not need to buy its shares…carry on avoiding…”. The share back then was about 1100p and today it is below 850p, i.e. levels last seen back in 2013. Spot the rationale for this with revenue falling in an investment market that is unsurprisingly more and more competitive. I will have another look after its full year results in early August, but would still avoid the shares at least until then. Meanwhile, how am I feeling about BT Group (BT.A) shares after the publishing of its full year numbers earlier today?…
Whilst we wait for the Bank of England to (sensibly) raise interest rates for the second time since December, the global corporate results season aggressively continues. Whilst I will ignore the volatility in the Meta (aka Facebook) share price dump overnight as I have never invested in the stock, one I do know about is BT Group (BT.A) whose share price is down over 3% today to under a 190p price as I write. So how do I feel about this stock?
I am a bit more concentrated today on the Formula 1 final race of the year (it has been an epic championship in my opinion), but a few share related thoughts. I read in today’s newspapers that the ‘BT chief in summit with ministers over threat of takeover by French raider’. It certainly has been an excitable last few years for BT Group (BT.A) shareholders. But you never ever worry about a takeover.
