Bt Share Discussion Threads

[maywillow] 18/5/2023 11:20

LOL

Hang in there una

What with all this downsizing one wonder if the will be suddenly more mergers and takeovers throughout Europe and afar

Having said that i too by 2034 might well have popped my clogs

[dan de lion] 18/5/2023 11:19

Adjusted profit per share 22p, at an share price of 1.37 pounds that give a P/E ratio of just over 6, would normally be in the range of at least 10 to 12.

[unastubbs] 18/5/2023 11:10

"By 2034 the problem should have been eliminated entirely, with gradual improvements on the way."

By 2034 I'll be falling away too!! :)

[unastubbs] 18/5/2023 11:08

market overreacts yet again. who'd be a telecoms investor? i'm holding tight. i have more confidence in these versus VOD and find the news abt the future lay-offs to be positive for long terms holders. so long as the dividend is safe then I'm happy enough. GLA

[careful] 18/5/2023 11:08

BT pension deficit is £4.5 bn.
It pays out £2.5bn per year.

The problem last year was that the fund fell in value due to derivative and hedging that turned out badly.
The pension deficit is manageable and it is bound to improve with time as the number of pensioners and employees fall away.

By 2034 the problem should have been eliminated entirely, with gradual improvements on the way.

[essentialinvestor] 18/5/2023 10:50

mrf, the more generous pension schemes have been closed for years,
and without wishing to be impolite older pensioners on more generous payouts
are gradually dropping off the other end.

[thebutler] 18/5/2023 10:50

Agree, myretirementfund. The huge pension deficit puts me right off BT, wouldn't touch it with a barge pole. Plus, like mentioned earlier, they seem to be out-competed. Many more better value investments out there.

[my retirement fund] 18/5/2023 10:46

BT has one of the most generous pension schemes in the sector. All the redundancies are going to result in a monumental redundancy package, but the pension liabilities will probably sink this ship!

[careful] 18/5/2023 10:33

I see the fact that BT is fat, inefficient, union dominated, formerly state owned, as an opportunity.
Is it easier to lose weight when fat and bloated than if already lean and fit.

Janson is making the right noises, we investors have to guess what the outcome will be.

I have just topped up. (usually a reliable sell sign)

[babyal] 18/5/2023 10:32

Openreach engineers are removing copper cables from the network at a fast rate to be replaced by fibre. Once this happens in four to five years they will only need 5000-10000 engineers to maintain the cables as fibre is not affected by weather unlike copper which hates moisture. The main issue will be heavy competition for our custom.

[essentialinvestor] 18/5/2023 10:21

Space, that's a blast from the advertising past - remember it well.

[wipo1] 18/5/2023 10:19

My BT broadband up to £70 per month with BT sports. Too expensive

[spacecake] 18/5/2023 10:06

Phillip Jansen...

“By continuing to build and connect like fury, digitise the way we work and simplify our structure, by the end of the 2020s BT Group will rely on a much smaller workforce and a significantly reduced cost base. New BT Group will be a leaner business with a brighter future.”

I had to laugh, references to 'leaner' it reminded me of the TV adverts for British Steel, leaner, fitter then disappear into the ether in a puff of shareholder value smoke

[...]

Go on treat yourself to comic TV at the expense of the workforce.

[careful] 18/5/2023 09:57

I think demographics are now working in BT's long term favour.

Many would jump at the chance of early retirement so BT will be able to lose a big % of its workforce they no longer need.

Also, to make a tactless observation, the huge number of retirees from way back who retired on the most generous terms will be dying off.
The number drawing from the generous BT pension shemes should reduce dramatically from this time on.

The eye watering numbers of BT retired employees has been staggering in recent years.
The pension fund was considered to be a problem at BT.
All of those gags about BT being a pension fund with a telecoms company attached

Over the next few years this will turn around.

[smurfy2001] 18/5/2023 09:44

Up to a fifth of those cuts will come in customer services as staff are replaced by technologies including artificial intelligence.

[the grumpy old men] 18/5/2023 09:26

Lets go with 7000 a year, most lost jobs might well be previously manned by those retiring

The real issue would be whether young people would be affected by scaling down

At present the statement needs more details

[montyhedge] 18/5/2023 09:19

Good luck having no Union trouble.

[diku] 18/5/2023 09:15

Micheal Fish said no storm...then came the storm...predicting end of the decade is like jam tomorrow...



So 50,000 workers less by the the end of the decade.
That would save about £2bn p.a.

[careful] 18/5/2023 09:12

Fleas are treatable.

[1224saj] 18/5/2023 09:11

230 m down on profits 1 billion wiped off value of company that's about right for the sick corrupt U.K. markets

[montyhedge] 18/5/2023 09:05

This is a dog, not only a dog, but a dog with fleas.Turned out my best short from 402p years ago.

[careful] 18/5/2023 09:04

So 50,000 workers less by the the end of the decade.
That would save about £2bn p.a.

This could be a terrific investment long term.
The massive investment in fast fibre will prove to be money well spent.

...but what will the regulator allow, especially Labour get to power?
A derisory market cap all considered.

[diku] 18/5/2023 08:53

What exactly does firing do???...one is replaced by another...golden hellos and golden goodbyes...the game remains the same only the players change...punters just need to time the hop in and hop out...so many household shares not made any headway last 15 - 20 years...

[1224saj] 18/5/2023 08:47

What a great call