Bt Share Discussion Threads

[careful] 15/3/2018 13:58

Weak incompetent management in the past gave away unaffordable pensions.
Based upon over optimistic assumptions about investment returns and company profits.
Life expectancy is greater now adding to the problem.

[kazoom] 15/3/2018 13:33

The only risk to the retired engineer, assuming (s)he is in section C (otherwise no risk at all), is that in future his/her pension might increase by cpi rather than rpi.

So far though the courts have ruled that it must remain as rpi.

[winner31] 15/3/2018 12:06

He'll have no say in it ,the company will get their way, I have been through this with Airbus And GKN closing the Final Salary schemes ,it was basically take what we offer or jobs will go ,and the wonderful unions let them walk all over us , I think the shop stewards came out of it OK though .

[abbotslynn] 15/3/2018 11:59

BT's pension scheme is Britain's largest private pension scheme, with more than 300,000 members. It also has one the country's biggest funding shortfalls of around £14bn.

£14 Billion

A friend of mine a retired BT engineer is not happy that his monthly pension payments may be at risk. As I am sure are many others who worked for them.

[dmf] 15/3/2018 11:02

Don't think so.....as pointed out by montyhedge - post 27569

[pacemaker1000] 15/3/2018 10:34

Maybe it already has happened?

[dmf] 15/3/2018 10:01

Capitulation is needed....a severe one....then build on lower price

[dr biotech] 15/3/2018 08:39

If they can close the pension scheme it will hopefully be like turning off the tap when the bathroom is flooded. Just have to deal with the deficit afterwards. Hopefully this won’t go much lower, yield should support it....

[montyhedge] 15/3/2018 08:26

What it needs is capitulation on a bad day, very high volume, clear the weak holders out, probably treble volume. I think if BT don't get there act together and good news is not forthcoming then I see 200p tested by the bears.

[eisler] 15/3/2018 08:17

As I suggested yesterday, even the reception to the pension issue being resolved could be somewhat lukewarm - the movement this morning suggests that. BT is so out of favour that even when it gets something right (not very often), investors don't have their heads turned.

[dipso] 15/3/2018 06:51

Openreach to hire thousands of trainees

BBC Radio 5 live
BT Openreach, the provider of broadband infrastrucure in the UK, plans to recruit 3,500 trainee engineers to help install its high-speed broadband service.

Some of those engineers will also help provide a better service, says Kim Mears, managing director for Infrastructure Delivery. She says services are already improving.

"If I look at missed appointments [by engineers], that has been taken down significantly over the last year," she says.

The number of missed appointments is "tiny" says Ms Mears.

[tradejunkie2] 14/3/2018 22:44

Will MontyHedge be panicking now ?

[winner31] 14/3/2018 22:24

Terminated , I did say didn't I 😉

[bartram] 14/3/2018 21:47

Pension update:

[supermarky] 14/3/2018 20:51

This is like another centrica. Actually I think cna has had it worse than this.

[wllmherk] 14/3/2018 20:17

Do you have any chronic health conditions chocco ???

wllm

[chocco] 14/3/2018 18:30

4spiel i am 55 and on old pension so you have a long time to wait

[charles clore] 14/3/2018 16:42

11.7m late sales. Whats going on here?

[prokartace] 14/3/2018 16:20

Do not have anything to do with BT. I signed for broadband and phone in the middle of February, paying £200 pounds in advance for the line rental. 3 days later after looking at some of these reviews I cancelled the deal. The money was repaid and I thought the account was closed. It was only when I received an email to give me a delivery date for my equipment that I became suspicious. I called and they agreed to close the account and said they couldn't stop the equipment arriving and would send a return kit to me to return the equipment.
Last week March 7th my wife told me that we had had £233 taken out of the account for the rental and 1st month payment. Obviously I called immediately to get it back and wanted to know why it had been taken out. They couldn't explain why this had happened but promised to have the money back to me by yesterday 13/3 and that they would cancel the direct debit. The money did not arrive so I called today to be told that the money had been put in my account as a credit against future transactions. You can imagine my reaction to this! I demanded the immediate return of my money to be told that they could only send out a cheque within the next 7 working days because the direct debit had been cancelled(which century are they living in?) As offered to provide details of my account and sort code but the guy was adamant that they could only send a cheque. I will have effectively been out of pocket for 4 weeks by the time the cheque arrives and is cleared into my account(if indeed it is sent!) These guys are a bunch of criminals do not do business with them for you own sakes

[willoicc] 14/3/2018 16:04

When is the pension revaluation due to be reported? Will it be held back until the results?

[essentialinvestor] 14/3/2018 15:33

I make it a 16 month decline since the late 2015 share price peak.

[essentialinvestor] 14/3/2018 15:31

DMF, I'm not sure there will be some clear capitulation moment here,
it's more like death by a thousand cuts.

[careful] 14/3/2018 15:24

five year low right now.
is no one tempted here?

[dmf] 14/3/2018 15:21

Needs capitulation....dramatic drop to attract buying interest !

[careful] 14/3/2018 12:20

Not handsome enough, and I always button up my shirt.
If GP can survive his next handsome attack he could do well.