By Ian Hunter
LAST MONTH WE reported that
all shares in our limited portfolio
had risen since the election as
had Sterling against both the US
Dollar and the Euro. Since then
the UK has successfully exited
the EU under the withdrawal
agreement and now begins
to set out the terms of any
possible trade agreement.
The big casualty amongst
the shares we track has been
BT who have dropped 25%
since the turn of the year with
the major portion of that loss
occurring in the last four weeks.
At a multi-year low, and with
share tracker The Motley Fool
asking ‘is the game over for BT
and should investors run for the
hills, what’s going on?
Swiss bank UBS, which has
set a target price of 140p for BT,
point their fi nger at competition
increasing between BT, TalkTalk
and Vodafone which could disrupt
the market and lead to a price war.
The bank also includes Sky and
Virgin Media in their thinking by
hinting at a possible deal between
the two over fi bre provisioning.
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Indicator 23 Jun 16 13Feb20
Change Change %
FTSE 100 6,338 7422.00 1084.00 17.10%
FTSE 250 17,333 21591.00 4258.00 24.57%
BT 439.70 151.22 288.48 65.61%
Vodafone 217.90 150.80 67.10 30.79%
TalkTalk 226.60 113.70 112.90 49.82%
Gamma 440.50 1330.00 889.50 201.93%
£/$ 1.487 1.30 0.19 12.71%
£/€ 1.307 1.19 0.11 8.72%