Bt Share Discussion Threads

[toon1966] 29/5/2018 12:30

Careful - any chance you could post no-BT related stuff on LLOY? Plenty of Brexit related garbage to get your teeth into on that forum.

[careful] 29/5/2018 12:13

The so called divorce bill will be sensibly spent.
Our farmers will continue to be subsidised for a while.
Glad to see that the EU is funding a joint Airbus/Rolls Royce project for the next general of aero engines using Fan technology and reciprocating engines.

I hope the UK nuclear Industry and the pharmaceutical industries can retain funding and preserve leadership in these important areas.

The food processing industry employs 400,000 people and is worried about 75% of its exports that go the the EU.
the motor industry is very worried about losing the EU its largest market.

But don't worry, Boris said this weekend that there were sparkling opportunities in Chile, 8000 miles away.

[nicholasblake] 29/5/2018 12:05

Why would we want to belong to a club which would have us?

[gaffer73] 29/5/2018 11:53

Diku, not a chance, why would they change the habit of a lifetime. UK has always paid more than it's fair share.

[toon1966] 29/5/2018 11:03

Where's your mate Monty?

[diku] 29/5/2018 10:06

Talking of the EU...once UK leaves the EU and then say in few years the EU is broken up....does UK get a refund on the divorce bill?...or will the money be gobbled up before it is broken up!!...

[hamhamham1] 29/5/2018 10:02

Careful - market/economic cycles are inevitable, it's just timing them which is very hard.
Well we definately in the 3rd stage but when do we enter the 4th?


Market Cycle in Four Stages
Markets move up and down just like the economy. For the purpose of this discussion, we will divide this cycle into four stages:

1) Market bottom: This is represented by diving prices, culminating in a long-term low.

2) Bull market: This begins as the market rallies from the market bottom.

3) Market top: Just as it sounds, this stage hits the top as the bull market starts to flatten out.

4) Bear market: Here we go down again. This is the precursor to the next market bottom.


Most of the time, financial markets attempt to predict the state of the economy – anywhere from three to six months into the future. That means the market cycle is usually well ahead of the economic cycle. This is crucial to remember because as the economy is in the pits of a recession, the market begins to look ahead to a recovery.


Economic Cycle in Four Stages
Here is a list (in the same order as above) of four basic stages of the economic cycle, and some associated telltale signs. Again, keep in mind that these usually trail the market cycle by a few months.

1) Full Recession
This is not a good time for businesses or the unemployed. GDP has been retracting, quarter-over-quarter; interest rates are falling; consumer expectations have bottomed; and the yield curve is normal. Sectors that have historically profited most in this stage include:
Cyclicals and transports (near the beginning)
Technology
Industrials (near the end)

2) Early Recovery
This is when things start to pick up. Consumer expectations are rising; industrial production is growing; interest rates have bottomed; and the yield curve is beginning to get steeper. Historically, successful sectors at this stage include:
Industrials (near the beginning)
Basic materials
Energy (near the end)

3) Late Recovery
In this stage, interest rates can be rising rapidly, with a flattening yield curve; consumer expectations are beginning to decline; and industrial production is flat. Historically profitable sectors in this stage include:
Energy (near the beginning)
Staples
Services (near the end)

4) Early Recession
This is where things start to go bad for the overall economy. Consumer expectations are at their worst; industrial production is falling; interest rates are at their highest; and the yield curve is flat or even inverted. Historically, the following sectors have found favor during these rough times:
Services (near the beginning)
Utilities
Cyclicals and transports (near the end)

[careful] 29/5/2018 09:55

Hope this is not the start of one of those big lurch downwards of the markets.
We soon forget 2003 (-40%), 2009 (-40%).
We have had a great run since march 2009.

Now we in the UK are trying to quit the EU, but at the same time trying to hang on to the good bits, others will copy us.
Now Italy is blaming Germany for its ills.

What a mess, Trump and his idiot followers must be laughing.

[hamhamham1] 29/5/2018 08:58

Am happy to keep what I got invested here. Most is in cash though as market has looked very toppy for the past 6-12 months. I guess there are fres.l and rrs.l for ftse 100 gold/silver miners but who knows if good or bad news is coming out today, tomorrow, etc.
Impossible to tell, so I'll sit on my hands.

[hamhamham1] 29/5/2018 08:34

Toon. I don't blame the Italians, I blame the EU. Now the EU gonna have to sponsor Berlusconi to fudge the next election and install Northern League coalition in gov, EU will let them be anti immigration as long as they don't break the spending restrictions that Germany, sorry I mean the EU, have imposed.
Rant over :)

[toon1966] 29/5/2018 08:26

Yep - Europe a 'sea of red' this morning. Blame the Italians!

[hamhamham1] 29/5/2018 08:21

General market down today, hopefully support at 206.5 and bounce off that, who knows and who cares I guess (hourly guessing of directions is probably a tad futile but hey). Let's see in 6 / 12 / 18 months.

[toon1966] 29/5/2018 08:07

Or less possibly??

[dipso] 29/5/2018 07:50

I think you will have to pay more this morning
Edit: Wrong Again

[oakville] 29/5/2018 07:22

Dipping my toe in again this morning. £4k freed up.

[hamhamham1] 29/5/2018 06:18

Birmingham now getting some of the InlinkUK phone box replacements installed:

[montyhedge] 28/5/2018 19:14

BT getting it into ship shape, then when Deutsche Telekom embargo ends, will bid or merge. Ofcom would like that a very strong company.Good foothold 12% stake already.

[nw99] 28/5/2018 18:07

Well, that's very interesting – especially as BT itself as a market cap of £20.6 billion. Could it get a $33 billion price-tag put on its fixed network and get other investors in?

[nw99] 28/5/2018 18:06

U.K. telecoms provider BT Group has received expressions of interest for potential minority and majority-stake purchases in its Openreach infrastructure division, reports Bloomberg, citing unnamed sources.--BT is in the early stages of weighing its options for the fixed network--which analysts estimate may have a value as high as $33 billion--and is also looking at potentially selling its mobile towers, says Bloomberg

[veryniceperson] 28/5/2018 10:54

Thanks knowing interesting read. Interesting times ahead, maybe.

[pacemaker1000] 28/5/2018 01:40

Internally also a big move was made amalgamate all the nationwide controls into 'centres of excellence' .A move considered by staff as a precursor to a sell off of OR. The pension agreement this year being the final part of the 'plan'.
Personified would like to see a 49% sale for 11.3bn to clear the pension deficit.
If you take my point earlier about BT in effect contributing to OR profits I wonder if OR would still be classed as BT's biggest earner without this contribution?....if that makes sense guys? I’m still recovering from a nasty bump on the head....lol

[knowing] 28/5/2018 00:17

There is a lot of discussion regarding BT selling Openreach. This also goes back quite some time.

What is interesting is the rumour also that BT maybe be dresssing up the business for a sale

[kazoom] 27/5/2018 22:50

pace

Thanks for that clarification : so that basically means that the BT Defined Benefit schemes now have NO 'active' members ; only pensioners or deferred pensioners.

So unless I am mistaken, in the event that BT makes any disposals they will retain the totality of the pension obligation. To be honest that makes potential disposals much simpler and is otherwise financially neutral (as any acquirer would want to ensure any 'risk' was in the price).

As to your question on OR, the yes any statement of OR profits will include profit they make on providing services to 'BT'.

I'm not totally sure what you mean by "So gets cancelled out?"

But yes any profit OR makes on sales to 'BT' will be part of the cost that 'BT' incurs in buying from OR - so in that sense it does 'cancel out'.

[pacemaker1000] 27/5/2018 22:29

Perhaps someone could answer this...
Does part of OR's profits include what BT pays them for B.B. access like every other SP? So gets cancelled out?

[pacemaker1000] 27/5/2018 22:26

Kazoom. I can confirm deferred members will NOT be final salary!
Pensions will be based on current salary based on annual pay for twelve months up to June this year and then increased by CPI up until day it is drawn.