Bt Share Discussion Threads

[careful] 01/11/2017 18:45

Research shows that over 90% of FTSE100 have closed their final salary pension funds.
For FTSE250 companies only 8 remain.
It is expected that they all will disappear with a year or two.

Industrial action is futile.
The new defined benefits schemes are generous and more realistic.
Crazy to strike, why would they want to cripple the company where they work?
Any management that gives in to such pressure would look incompetent.

The negotiation will be about the terms of any new scheme.

[montyhedge] 01/11/2017 17:49

EislerI would say if they tried that, strikes would follow. Employees won't have that surely.

[toon1966] 01/11/2017 17:27

Thanks eisler and nw99. Here's the full article hxxp://news.sky.com/story/bt-staff-face-pension-cuts-as-defined-benefit-scheme-nears-axe-11108764 - please note this pension move is separate to the proposed change from CPI to RPI. I'm personally stuck in the middle on pensions, I'm a shareholder and have a deferred pension, but suspect there are plenty of other people in my position!!

[eisler] 01/11/2017 16:45

Thousands of BT employees will be told later this month of proposed cuts to their pension benefits as the telecoms giant wrestles with a near-£14bn deficit in its retirement schemes.
Sky News understands that BT Group will say on Thursday alongside its half-year results announcement to the City that it is close to setting out a concrete plan to slash the soaring cost of its pension obligations.
Sources said the company was leaning towards closing the BT Pension Scheme to future accruals and moving the remaining years of members' pensions to its defined contribution scheme.
The move comes as BT prepares to outline a new formula for paying its prized dividend following recent speculation that it could be cut after a difficult few months for the company.
The telecoms, broadband and pay-television provider - which competes with Sky plc, the owner of Sky News - will avoid such a reduction, according to sources, but will switch to a model that will re-weight the dividend towards the second half of its financial year, according to analysts.

[nw99] 01/11/2017 16:36

Revealed: BT Group to confirm plan to axe defined benefit pension scheme this month as new chairman backs CEO.£3 tmrw

[toon1966] 01/11/2017 16:29

As always Monty giving himself a good margin of error......

[dmf] 01/11/2017 16:03

If share price in 'free fall' tomorrow, will buy on the drop !

[montyhedge] 01/11/2017 15:45

Back from golf, well tomorrow the big day. 245p or 285p.

[andy84uk] 01/11/2017 13:49

Considering the price is now under £2.65, surely their guidance should be neutral. Unless of course they haven't even bothered checking the price and just published it again.

[dmf] 01/11/2017 13:41

DB sell reiterated - target 265 (unchanged)

[dmf] 01/11/2017 13:16

I would be buying if the share price collapses on results - market can over react to the downside !!!

[eisler] 01/11/2017 12:50

Even if the results were OK tomorrow (which is highly unlikely), share price will be marked down on any whiff of negativity. BT is more than well out of favour.

[essentialinvestor] 01/11/2017 12:26

Stewart, would agree with that, market is punishing any weakness.
Is this already in the price?, Soon find out.

[dmf] 01/11/2017 12:22

BT’s New Chairman Is No Stranger to Tough Assignments

[adejuk] 01/11/2017 11:34

i took 5k - it's hard to see it going any lower
divi 5% +
but wtfdik

[stewart64] 01/11/2017 11:31

To buy or not to buy pre-results. My take is the Market is quick to punish poor results, slow to reward good ones.I'd wait, you may only miss the start of an uptrend.

Look at Lloyds Bank, results came in at a price to earnings of eight and it hasn't even got a pension deficit. Market still deciding. Had the results disappointed it would be 60p now.

[dmf] 01/11/2017 08:24

Any 'shocks' Nov 2 would expect to see immediate departure of GP

[toon1966] 01/11/2017 07:59

Openreach playing hardball with Ofcom??

[djnzloop] 31/10/2017 23:39

& his alter ego gimp diku is just tragic

[diku] 31/10/2017 22:39

monty..you da man always!...

[djnzloop] 31/10/2017 21:02

Montybot ain't no trader. He's a ravenous black hole sucking attention wherever he can find it - just happens to be here for now. His position is always the same: momentum plus 10/20%

[montyhedge] 31/10/2017 19:06

Making the point this is a binary bet, no half measures on Thursday.

[badtime] 31/10/2017 18:47

Monty ...15 or 20 up/down only you've said both today oh wise one

[wllmherk] 31/10/2017 15:39

I find him irritating EI, its not so much he changes his mind, but, posts positive posts on a stock one minute, then the complete opposite the next for no apparent reason. I don't believe he is a trader either, anyway I have him filtered so no longer read the nonsense he posts.

wllm

[essentialinvestor] 31/10/2017 15:13

Monty is a trader, he makes no secret of this,
and as such can take different positions, and change his mind.
Some perspective folks.