Bt Share Discussion Threads

[dipso] 02/2/2022 09:41

Good chance of BT Sport sale being announced tomorrow.

[chapchip] 02/2/2022 08:58

decent consolidation at these levels..pause for breath ahead of next leg up, BT sports news, 4th 1/4 results, Drahi's next move, interest rate decision

[shanieboy01] 02/2/2022 08:43

It is kind of the elephant in the room

[arees1969] 01/2/2022 20:54

Update on BT sport sale

hxxps://www.thetimes.co.uk/article/dazn-closing-on-deal-to-buy-bt-sport-and-its-premier-league-rights-qz68h6qsq

[t 34] 01/2/2022 09:10

underlying earnings/revenue ....... nice margin .

[waldron] 31/1/2022 08:47

PROACTIVE

SOON BE

THURSDAY 3 FEB








BT Group

In company news, former telecoms monopoly BT Group PLC (LSE:BT.A) is being closely followed by many investors over takeover speculation.

But while French tech billionaire and 18% shareholder Patrick Drahi says he is not planning a bid, BT has other big issues to deal with, including the fibre roll-out of its broadband arm Openreach’s and its pension fund deficit.

In November, the telco said its fibre roll-out had reach 6mln customers with build costs falling.

An update on progress with the roll-out will be a key feature in Thursday’s update especially with analyst worries about rival infrastructure networks being built by the likes of Virgin Media O2.

Revenues and earnings have been going nowhere for years so anything other than a modest increase/decrease on the second quarter’s revenues of £5.24bn and £1.9bn underlying earnings will be a surprise.

[grupo guitarlumber] 30/1/2022 17:21

ah Yes

as we say in france

The Best of the Best

[waldron] 30/1/2022 17:17

you are the Creme de la Creme Mr G

[gateside] 30/1/2022 16:50

Header updated with key dates for 2022

[grupo guitarlumber] 30/1/2022 14:58

[...]


BT Pension Scheme deficit falls on back of recovery plan

By Tom Higgins | October 8, 2021

On the go: The BT Pension Scheme deficit is expected to have improved by roughly £3.4bn over the year to June 2021 to around £4.6bn, due to sponsor contributions and strong returns on growth assets.

According to the scheme’s annual report and accounts, these preliminary figures — which will make part of an actuarial assessment to be published later in the year — compare with a funding deficit of £7.98bn as of June 2020 when the last triennial valuation took place.

The report stated that the reduction in the deficit was primarily due to contributions paid by BT, including an asset-backed funding arrangement of £1.66bn. Higher-than-expected returns on the scheme’s growth assets also contributed to the deficit reduction.

Under a recovery plan agreement, BT will pay additional contributions in the expectation of returning the scheme to a fully funded position by June 2030.

BT made deficit contributions of £500m, £1.66bn and £400m in March 2021, May 2021 and June 2021 respectively, with further contributions of £500m due in March 2022 and June 2023, and £400m due in June 2022 and March 2023.

The deficit repair plan, announced in May as part of BTPS’s triennial valuation, is secured against the company’s EE business.

BT Pension Scheme Management chief executive Morten Nilsson said: “With this reduction in deficit, the agreed contingent contributions should we fall behind plan, and with the increased resilience in the investment strategy, we believe we have an enduring funding solution giving us greater confidence that the scheme’s objectives will be achieved.”

Over the past 12 months, the scheme’s equity-like assets produced a return of 14.4 per cent — above the expected return by 9.8 per cent. Over the past three years, the equity-like asset return was 7.2 per cent a year, which was ahead of expectations by 2.6 per cent a year.

The pension fund, which is one of the largest corporate pension schemes in the UK, has assets worth £57bn.

In May, it joined an investors group to create a tool to measure, monitor and compare sovereign bonds’ climate change governance and performance.

[grupo guitarlumber] 30/1/2022 14:58

[...]


BT Pension Scheme deficit falls on back of recovery plan

By Tom Higgins | October 8, 2021

On the go: The BT Pension Scheme deficit is expected to have improved by roughly £3.4bn over the year to June 2021 to around £4.6bn, due to sponsor contributions and strong returns on growth assets.

According to the scheme’s annual report and accounts, these preliminary figures — which will make part of an actuarial assessment to be published later in the year — compare with a funding deficit of £7.98bn as of June 2020 when the last triennial valuation took place.

The report stated that the reduction in the deficit was primarily due to contributions paid by BT, including an asset-backed funding arrangement of £1.66bn. Higher-than-expected returns on the scheme’s growth assets also contributed to the deficit reduction.

Under a recovery plan agreement, BT will pay additional contributions in the expectation of returning the scheme to a fully funded position by June 2030.

BT made deficit contributions of £500m, £1.66bn and £400m in March 2021, May 2021 and June 2021 respectively, with further contributions of £500m due in March 2022 and June 2023, and £400m due in June 2022 and March 2023.

The deficit repair plan, announced in May as part of BTPS’s triennial valuation, is secured against the company’s EE business.

BT Pension Scheme Management chief executive Morten Nilsson said: “With this reduction in deficit, the agreed contingent contributions should we fall behind plan, and with the increased resilience in the investment strategy, we believe we have an enduring funding solution giving us greater confidence that the scheme’s objectives will be achieved.”

Over the past 12 months, the scheme’s equity-like assets produced a return of 14.4 per cent — above the expected return by 9.8 per cent. Over the past three years, the equity-like asset return was 7.2 per cent a year, which was ahead of expectations by 2.6 per cent a year.

The pension fund, which is one of the largest corporate pension schemes in the UK, has assets worth £57bn.

In May, it joined an investors group to create a tool to measure, monitor and compare sovereign bonds’ climate change governance and performance.

[jubberjim] 30/1/2022 14:28

Swapped out a few of my holding to buy vod pure speculation on my part but don t want to make any inroads on my base capital
Will look again after results hope I haven t made a boo hoo Roo pardon the pun

Take care everybody extremely nervous as Ukraine situation doesn t look to be getting any clearer
Not doing my gold any favours at moment

[netcurtains] 30/1/2022 10:35

The consensus was the higher inflation/interest rates the lower the deficit is (at least that was what it appears to be if you just used advfn as your source)

[gibbs1] 29/1/2022 22:47

Upcoming events on BT GROUP PLC

February/03/2022 | 07:00am Q3 2022 Earnings Release

February/03/2022 | 10:00am Q3 2022 Earnings Call

[diku] 29/1/2022 21:25

Here we go again...the pension thingy...

[shanieboy01] 29/1/2022 00:58

Question. What's the story regarding the pension deficit nowadays?

[ianood] 28/1/2022 18:42

They were oversold, have returned to the dividend list and are still cheap!

[shanieboy01] 28/1/2022 18:11

I am surprised that it is constantly and slowly going up. Somebody...?drahi? is definitely stake building. I would expect the price to be a fair bit higher

[nige co] 28/1/2022 17:03

I don't think that Patrick Drahi will want the share price going above 200p. Closed today @197p. Interesting times ahead, starting with Q3 results next week on 3/2/22.

[diku] 28/1/2022 11:50

Round figures tend to be psychological way points...

[reviewwworld] 28/1/2022 11:40

You'd be surprised how often it does.They work as targets a lot of the time. The way to think of it is what drives stocks up and down? Flow. Simply supply/demand on each trading day makes stocks move. Move often than not when a sell side trader is working a client order he will have a limit from his client e.g. buy me £10m BT, max 20 percent volume use a 200p top. By having orders limited it will push shares to big figures. No one ever gave me a limit of 198.7p for example