|Ok under 300p, coming my prediction, thats why Ofcom let BT keep Openreach, then they have more control over fines, compensation etc and hammering then.
Markets next week, bad news takes longer to sink in a bull market, Trump pulling the bill was not good.
Article 50 triggered 29th March going to be a interesting week.
Good weekend bulls and bears.|
|Well if we are into repeating posts then I feel a little balance is required.
From oakville's post
I’ve never really rated BT as an income stock, with its yield ranging between 2.8% and 3.2% over the last three years, but now I’ve changed my mind. The January profit warning and resulting share price collapse has bumped up the yield to 4.6%, rising to 5.6% by FY2019. Shareholder payouts have actually been rising steadily since 2009 and I expect this to continue. I believe that with an undemanding forward P/E ratio of 11.9, the share price should easily recover to £4 and beyond.|
|montyhedge 23 Mar '17 - 08:23 - 22641 of 22678
"Hi guys, back from Dubai, a dead cat bounce on the Trump trade, most traders think he will gets his bill through no problem, then bounce, but then a fall whatever happens the smart traders think, including me. I say a 5% correction for the indices. It's heathy and normal for markets." Another great Monty prediction.|
|For all his predictions he himself is very predictable :-)|
|Monty I thought it was 285? Why the change. When will the 5% correction occur? I assume you have opened up a short position on an index?|
|smurfyBe patient, you will get these at 299p, I predict 5% correction in the markets.|
|I like to trade Jenny|
|You had your chance in January smurfy.|
|Hoping for less than 310 to buy back in.|
|Seems a reasonable increase Jenny-to put it into context pensions for huge numbers of public sector ex-employees should be going up by 1% in April. No worries - it is based on the cpi inflation rate in Sept.2016 - but when you do take your pension don't expect the cpi-inflation proofing to keep pace with actual price inflation. We've found it helps to have built up a portfolio of shares in ISAs with a global spread - BT made it at one point to a 5% contribution but it's fallen back a bit!
Shouldn't think your pay rise is much to do with the share price fall - I'm tempted to think that sentiment on BT is coloured just now by the fear of the far-right Brexiters pushing for a WTO outcome to Article 50 talks.We moderates who'd like an EFTA/EEA or Associate status exit to give companies like BT the chances of expansion in Europe (properly managed!) seem like a small minority.|
|Just worked out why the share price has slumped this morning -
MY PAY RISE - BACK-DATED TO JANUARY!! :o )
CWU RECOMMENDS BT PAY OFFER
The CWU negotiating team led by Andy Kerr, Deputy General Secretary (T&FS) are pleased to report to members that a full and final agreement on pay for all NewGRID grades has been reached with BT.
The pay review was extremely complex and protracted, partly due to BT making it clear from the outset that they were not willing to make an increase that was fully pensionable for members of the BTPS. Additionally, the CWU had a mandate to close the pay gap between members employed prior to September 2014 who are on higher rates of pay than those employed after September 2014. The negotiating team have pushed BT as far as possible to increase their offer; we are therefore confident that we have secured the best possible deal.
The full and final offer made to the negotiating team which has been unanimously endorsed by the BT Executive Committee and is now recommended to members is:
• 2.6% consolidated increase from 1st January for all Team Members (NewGrid Grades);
• An additional £120 consolidated increase to pay from 1st January 2017 for NewGRID grades who are employed on Workforce 2020 terms, conditions and salary rates (pro rata for part time workers);
• Allowances that automatically increase with pay will increase by 2.6% as well as the Scottish Distant Islands allowance;
• For Team Members that are NewGRID grades and members of the BTPS (defined benefit pension) 0.7% of the pay increase will be categorised as pensionable;
• For Team Members that are NewGRID grades and members of any other pension scheme (such as the BT Retirement Savings Scheme ) the full pay increase will be categorised as pensionable in accordance with the rules of that scheme;
• The date of the next annual pay review will move to 1st April 2018
• To clarify future annual pay reviews will be guided by the February inflation rate published in March.
Why the CWU believe you should vote YES for the agreement
• Although discussions between the CWU and BT over whether to use CPI or RPI as the appropriate inflation measure were fraught. We are pleased that we have secured for everyone an above RPI – real terms increase at 2.6%;
• We are pleased that BT has accepted that they need to increase pay for new grades recruited after 1st September 2014. We are therefore confident that the extra £120 on top of the 2.6% will help in closing the pay gap between the newer and older grades;
• In terms of pensions, it important to remember that those members not in the BTPS scheme (primarily those in the BTRSS employed after 2001), will get a fully pensionable pay rise. Those members employed before 2001 and in the BTPS, will receive a 0.7% pensionable pay rise. This is due to any increase in pensionable pay for BTPS members affecting the future pension liabilities and therefore will require BT to make much larger pension deficit repayments. It’s a settlement the negotiating team were compelled to agree, in the spirit of securing the BT pension scheme into the future but it’s important to emphasise that BT have said that, these proposals are specific to the 2017 pay review and apply this year only;
• BT wanted to move the future pay review date to 1st April 2018 without backdating this pay review to 1st January. We stood firm that this should be backdated to 1st Jan 2017. However it’s also important to remember that the last pay review date was 1st April 2016.
A further Q&A will be issued to members explaining the agreement in more detail. Please send any questions you may have to: [email protected]
An electronic consultative ballot will be sent to your work email addresses (bt.com or openreach.co.uk). The timetable for the consultative ballot is :
• Ballot opens: Thursday 30th March
• Ballot closes: Tuesday 11th April
Your pay including any backdated pay, from January will hopefully be made in your April salaries.
The CWU recommends you vote YES in the forthcoming ballot
The grades below are a snapshot of the various pay grades at the maximum level. Please note this is the CWU assessment of the changes and they are subject to BT’s confirmation.
GRADE 1st April 2016 1st Jan 2017
TMD1 £40,633 £41,689
TMC3 £36,683 £37,637
TMC2 £34,287 £35,179
C2 SALES £34,287 £35,179
TMCP5 £32,670 £33,519
TMCP4 £32,268 £33,107
TMC1CC £30,978 £31,783
TMC1 £30,977 £31,782
TMB2 £28,613 £29,357
B2 SALES £28,613 £29,357
TMB2P £25,772 £26,442
TMBSI £25,772 £26,442
TMB1 £25,356 £26,015
TMB1CC £24,923 £25,571
TMA2 £22,172 £22,749
TMA2CC £20,586 £21,121
TMA2P £19,693 £20,205
Current 2.6% + £120
TMNE3 £29,841 £30,737
TMNE2 £25,772 £26,562
TMNE2 £22,932 £23,648
TMNE1 £20,327 £20,976
TMBS3 £30,977 £31,902
TMBS2 £27,900 £28,745
TMSV2 £20,327 £20,976
TMSA2 £19,981 £20,620
TMSV1 £17,780 £18,362
TMA1 £17,301 £17,871
TMSA1 £16,511 £17,060|
|lol who's running BT Gavin or Sharon White at Ofcom.|
|Openreach I reckon with Ofcom involved will have margins squeeze bigtime.|
|I reckon that's why Ofcom let BT keep Openreach, Ofcom have more control.Can keep imposing restrictions and fines. Probable would of been best to get rid of Openreach.|
|Too bad Plusnet - best bit of BT by far- getting fined for billing people who have left. Plusnet said:
'We are very sorry and would like to apologise to the 1,025 customers affected. We reported this ourselves to Ofcom and made every effort to contact these customers to arrange a full refund before the investigation started.'
Of course Nanny Ofcom couldn't have this sort of appalling error happening - never having run a mega-business themselves - and slapped an £880,000 fine on them.
I don't know about you but if I got a bill from a company after I'd left them, I wouldn't pay it. As my Dad may have said: By the heck lad,how daft can thee get?
First rule after leaving: cancel any direct debit.
Anyway why anyone would leave Plusnet is a mystery to me - great reliable 20 Mb/s broadband at £2.99 per month plus £186 pa line rental.
|every opportunity that muppet monty is wrong again - he usually is !!!!
|Every opportunity Ofcom going to hammer BT.|
|Ofcom proposes automatic compensation for slow broadband repairs
Providers may have to start compensating customers if landline and broadband repairs are too slow, Ofcom has said .
Under the proposals, customers could also get refunds if broadband isn't set up on the day it was promised, or if an engineer doesn't turn up for an appointment.
Up to 2.6 million more customers could be compensated to the tune of £185m each year, the regulator said.
Lindsey Fussell, Ofcom’s consumer group director, says: “When a customer’s landline or broadband goes wrong, that is frustrating enough without having to fight tooth and nail to get fair compensation from the provider.
Ofcom is consulting on the proposals until June, and will publish its decision at the end of the year.|
|Oakville - I see Monty's added you to the 'losers' club, I'm in the 'amateurs' club. If you're not careful Monty will filter you!! It may not be long before Monty will be posting to only himself!! I haven't bothered filtering Monty as he brings me far too much enjoyment with his hilarious posts. Looking forward to today......|
|So Monty I assume you placed a short trade on the ftse a few days ago then if this was the "start"? Is that correct?|
|Oakville = loser|
|What more do you want went from 335p down 325p, back to 331p.Shares don't go zero or go to the moon. You been buying this all the way down good luck, only hear from you when up. Lol|
|Monty = clueless.|
|See he is about but it's not been a down day so he stays under his rock !!|