Bt Share Discussion Threads

[montyhedge] 01/4/2020 08:26

Companies with free cash flow like BT are the companies to be in, 50% dividend cut, yield still over 6%.

[ekuuleus] 01/4/2020 08:17

what percent gilts and what percent shares?

I was under the impression a significant amount of pensions were paid using dividends?

[montyhedge] 01/4/2020 08:15

Dividend even cut 50% is still brilliant yield the free cash flow is to good for full dividend cut.

[montyhedge] 01/4/2020 08:09

Market is down 180.

[nw99] 01/4/2020 08:04

Not looking good

[montyhedge] 01/4/2020 06:41

I would imagine most of BT pension Fund in gilts. They don't gamble boring but safe.

[ekuuleus] 01/4/2020 05:53

with companies cancelling divi's, pension funds will need another injection.

[diku] 31/3/2020 22:34

BT is waiting for Christmas...

[ianood] 31/3/2020 22:30

diku - do you have a clue? They don't even report until June/July!

[nw99] 31/3/2020 22:23

Losses on stock market will hurt BT pension fund

[diku] 31/3/2020 22:22

monty no;1...has BT announced any news on divi...or fast asleep...

[montyhedge] 31/3/2020 21:00

I thought gov were talking about a pension contribution holiday due to Coronavirus.I see Barclays and Santander just cancelled their dividends.

[nw99] 31/3/2020 20:43

Just worry over pension fund liabilities must be horrendous

[nw99] 31/3/2020 18:33

Ok will add this week average down

[montyhedge] 31/3/2020 17:30

Don't worry, Telecoms defensive, it's a risk on day.

[nw99] 31/3/2020 17:10

When will the shares rally ?

[trappy2] 31/3/2020 15:46

BT has won a legal application to restart a decade-old court case in the hope of clawing back more than £90m in VAT the telco claims it overpaid to HMRC from 1978 onwards.

Mr Justice Fancourt lifted a legal stay on a High Court case against HMRC this morning over taxes paid on bad debt relief.

The disputed sum is equal to just over 2 per cent of BT's operating profits for fiscal year 2019 [PDF, page 109].

With the nationwide novel coronavirus shutdown certain to have a severe effect on the entire British economy, a big dollop of tax (free) cash would be very welcome at the one-time state monopoly.

Way back in 2010, BT asked HMRC to repay £91.8m in what it said was overpaid VAT. This VAT was paid by BT on so-called bad debt relief; a tax break for debts that weren't repaid by other companies that owed it the cash. BT claims that the law wrongly said at the time that debtors had to be forced into insolvency before the VAT could be clawed back.

HMRC refused to stump up so BT took the taxman to court, with HMRC lawyers summarising BT's case to Mr Justice Fancourt in written submissions: "BT claims that HMRC have wrongly retained monies from BT by way of VAT in breach of EU law and/or statutory duty and/or due to BT's mistake of law or fact, which has enriched HMRC unjustly and/or has caused BT to have lost use of the monies so paid from 1 January 1978."

Over the following decade, BT managed to start two parallel cases against HMRC: one in the First-Tier Tribunal (FTT), a specialised tax court, and a common-law claim in the High Court proper. The FTT case, a so-called "statutory appeal" wended its way right up the judicial mountain to the Court of Appeal. Normally one or the other case would have been struck out altogether, but what allowed the FTT case to go ahead was an order staying the High Court case until "30 days after final determination of any appeal from the FTT".

An evidently frustrated HMRC made a legal application in 2017 to strike out BT's FTT case, an application that is still somewhere in the labyrinthine tax tribunal system. Impatient and wanting what it sees as its cash, BT asked the High Court last August to lift the stay on its case there.

Lifting the stay this morning in a telephone hearing, Mr Justice Fancourt commented: "The appeal is currently stayed. And will not be progressed in any event until a decision has been given on HMRC's strike-out application."

[montyhedge] 31/3/2020 15:13

Bloomberg said working from home, going to change the world. Who wants to commute to Cities, especially London, train and tubes are a nightmare BT at the forefront boys.

[montyhedge] 31/3/2020 14:56

His filtered don't deal with idiots.

[earwacks] 31/3/2020 13:56

its supposed to be better than Skype. So you don't give your answer to the question previous to the one you've just been asked

[sr2day] 31/3/2020 12:38

it is for people who needs their brained zoomed.

[montyhedge] 31/3/2020 12:21

I been asked to join Zoom conference call, wtf is that.

[nige co] 31/3/2020 10:55

Big cost savings for companies going forward with less office space needed, if indeed employees work from home. The big question is, will productivity drop as a result?