Bt Share Discussion Threads

[hamhamham1] 05/8/2018 15:41

So is the BT pension deficit actually currently only £3.9bn (or less)?
Careful - like you say it depends on how its calculated, but its heading in the right direction anyway.



"...The restated pension deficit stands at £3.9bn as at the end of June."



"This has now been corrected and the company’s restated pension deficit stands at £3.9bn as at the end of June"

[hamhamham1] 05/8/2018 14:47

It seems that the overal deficits were £450bn a year ago. So coming down at quite a rate.



The deficit of all the defined benefit (DB) pension funds in the UK stood at £200bn at the end of April, a decrease of £250bn when compared to November.

PwC’s Skyval index, based on data from 5,800 DB schemes, showed pension fund assets at almost £1.6trn and liabilities close to £1.8trn.

[hamhamham1] 05/8/2018 14:14

Careful, if they say that the combined pension deficit has fallen from £130bn to just £22bn. Then that's a drop of over 80%. So if BT had a deficit of £13bn then theirs could be heading down to £2.2bn???
I would be happy even if it was heading down to £4.4bn for now.
I am a happy holder regardless.



Private sector pension schemes have all but wiped out their deficits for the first time since the financial crisis, thanks to a combination of rising interest rates and buoyant markets.

Calculations by the consultant JLT Employee Benefits show the combined shortfall across the 5,500 schemes fell to £22bn at the end of last month, down from £130bn a year earlier and a drop in the ocean compared with their total assets of nearly £1.6 trillion.

[smurfy2001] 05/8/2018 13:25

Don't forget interest rates rise will be helping BT reduce that deficit ;)

[careful] 05/8/2018 13:10

I think the point is that the deficits on the whole have been reduced.
These are recent assessments.

BT's number should have fallen from the the £13bn number.

The way they calculate deficits is very approximate.
Assumptions about future interest rates, inflation and life expectancy have to be made.
Small errors compounded over many decades lead to huge errors in deficits.

The article also mentioned how unlucky Philip Green was.
Deficits were caused by artificially low gilt yield combined with heroic assumptions about life expectancy.

According to some assumptions we could all be participating in Love Island on our 100th birthday.

[pacemaker1000] 05/8/2018 13:03

Something wrong with the maths there careful?
If 5000 companies owe £22bn how can BT owe £13bn...57% of it??

Be nice if it was an equal share though as BT would only be £4.4ml in deficit...lol

[careful] 05/8/2018 11:21

The dramatic reduction in private pension scheme deficits must be great news for BT.
We had worried about this and was a major reason for our poor share price performance.

The Sunday Times today reports that the combined shortfall across the 5500 schemes fell from £130bn to £22bn. over the last year.
This they said was a drop in the ocean compared with £1.6 trillion of assets.
'The picture at the largest companies is healthier sill, with members of the FTSE 100 sitting on small surpluses.'

This is because of higher interest rates and yields, meaning that takes less cash to buy the promised pensions.
This is important for BT shareholders.

[diku] 05/8/2018 10:02

There is a belief out there when IC recommends a buy it is perceived as kiss of death!!...or vice versa...no advice intended...

[hamhamham1] 04/8/2018 16:17

Another good ad from BT,

[chiefbrody] 04/8/2018 15:42

Need years and years of falls to get back to sensible levels.

[hamhamham1] 04/8/2018 15:25

Is the bullet proof Australian housing market at last going to go pop?
(Soon to be followed by NZ, Canada and most all of Europe).

[hamhamham1] 04/8/2018 14:56

On hl there are no brokers showing sell. In fact the average consensus is heading up slowly (over past 3 months). And the share price is still below the estimates.

[smurfy2001] 04/8/2018 14:31

Monty, you know the saying do the opposite of Investors Chronicle.

I've put my average/target price on the thread so no going back lol.

[toon1966] 04/8/2018 14:22

Who gives a toss about what Investors Chronicle think...….

[montyhedge] 04/8/2018 14:03

Investors Chronicle said BT is a SELL.Are they right, i'm sure a few posters here may disagree, lol

[ltinvestor] 04/8/2018 12:41

Tradejunkie.LOL!!!!

[hamhamham1] 04/8/2018 12:15

Mbmiah. I honestly am just holding long term. I just talk too much :)

[mbmiah] 04/8/2018 11:52

You're a trader at heart. Stop pretending. Too many questions unanswered for a long term investor.

[tradejunkie2] 04/8/2018 11:32

Let's hope Hyperoptic go bust.

[ltinvestor] 04/8/2018 11:02

I am a private investor and took a gamble 6 years ago by investing in Hyperoptic (encouraged by the Soros investment)when it had around a dozen employees (going to 1000 this year).Great
management headed by Dana Tobak.I will be very surprised if in 2/3 years time BT haven’t made a bid for the company.

[hamhamham1] 04/8/2018 10:28

Toon. They are a private company aren't they?
It will be interesting with the governments drive to lower prices, just how profitable it will be to just get the fibre to the door without additional inhouse product up selling?
Anyway, I am very glad that BT bought EE, mobile (and especially 5G) may negate a lot of the need for fibre to the home maybe?

This is a good duffers overview to the offerings from the different mobile companies.

[toon1966] 04/8/2018 10:14

George Soros-backed firm unveils superfast broadband rollout in UK -

[hamhamham1] 04/8/2018 07:33

Ex-divi this week. I guess there may be a few traders who decide to sell this week before Thursday and net a profit, but surely a large amount of holders here have bought above the current levels and so will just hold and net the divi?
I was thinking about selling and buying back in post ex-divi but getting the timing right is my problem.
I think that possibly after Thursday that those who sold may try to buy back and maybe even some new long term buyers attracted by the discount?
Or I guess it could stay down?
Who knows?
I am not clever or lucky enough (and its less stressful to just hold :)

[iceman82] 03/8/2018 18:38

lets see how accurate you predictions going to be

[1224saj] 03/8/2018 17:05

Why do you think the motley fool is called the motley fool, don't think to long know. I think bt will breach 2.40 next week and retract to low 2.20's post 10th. I would not be surprised to see this at 2.50+ by end of AugustIMHO