Bt Share Discussion Threads

[smurfy2001] 24/3/2017 14:02

Hoping for less than 310 to buy back in.

[tonio] 24/3/2017 13:55

Seems a reasonable increase Jenny-to put it into context pensions for huge numbers of public sector ex-employees should be going up by 1% in April. No worries - it is based on the cpi inflation rate in Sept.2016 - but when you do take your pension don't expect the cpi-inflation proofing to keep pace with actual price inflation. We've found it helps to have built up a portfolio of shares in ISAs with a global spread - BT made it at one point to a 5% contribution but it's fallen back a bit!
Shouldn't think your pay rise is much to do with the share price fall - I'm tempted to think that sentiment on BT is coloured just now by the fear of the far-right Brexiters pushing for a WTO outcome to Article 50 talks.We moderates who'd like an EFTA/EEA or Associate status exit to give companies like BT the chances of expansion in Europe (properly managed!) seem like a small minority.

[jenny tulwought] 24/3/2017 12:21

Just worked out why the share price has slumped this morning -

MY PAY RISE - BACK-DATED TO JANUARY!! :o )



CWU RECOMMENDS BT PAY OFFER

The CWU negotiating team led by Andy Kerr, Deputy General Secretary (T&FS) are pleased to report to members that a full and final agreement on pay for all NewGRID grades has been reached with BT.
The pay review was extremely complex and protracted, partly due to BT making it clear from the outset that they were not willing to make an increase that was fully pensionable for members of the BTPS. Additionally, the CWU had a mandate to close the pay gap between members employed prior to September 2014 who are on higher rates of pay than those employed after September 2014. The negotiating team have pushed BT as far as possible to increase their offer; we are therefore confident that we have secured the best possible deal.

The full and final offer made to the negotiating team which has been unanimously endorsed by the BT Executive Committee and is now recommended to members is:

• 2.6% consolidated increase from 1st January for all Team Members (NewGrid Grades);
• An additional £120 consolidated increase to pay from 1st January 2017 for NewGRID grades who are employed on Workforce 2020 terms, conditions and salary rates (pro rata for part time workers);
• Allowances that automatically increase with pay will increase by 2.6% as well as the Scottish Distant Islands allowance;
• For Team Members that are NewGRID grades and members of the BTPS (defined benefit pension) 0.7% of the pay increase will be categorised as pensionable;
• For Team Members that are NewGRID grades and members of any other pension scheme (such as the BT Retirement Savings Scheme ) the full pay increase will be categorised as pensionable in accordance with the rules of that scheme;
• The date of the next annual pay review will move to 1st April 2018
• To clarify future annual pay reviews will be guided by the February inflation rate published in March.


Why the CWU believe you should vote YES for the agreement

• Although discussions between the CWU and BT over whether to use CPI or RPI as the appropriate inflation measure were fraught. We are pleased that we have secured for everyone an above RPI – real terms increase at 2.6%;

• We are pleased that BT has accepted that they need to increase pay for new grades recruited after 1st September 2014. We are therefore confident that the extra £120 on top of the 2.6% will help in closing the pay gap between the newer and older grades;

• In terms of pensions, it important to remember that those members not in the BTPS scheme (primarily those in the BTRSS employed after 2001), will get a fully pensionable pay rise. Those members employed before 2001 and in the BTPS, will receive a 0.7% pensionable pay rise. This is due to any increase in pensionable pay for BTPS members affecting the future pension liabilities and therefore will require BT to make much larger pension deficit repayments. It’s a settlement the negotiating team were compelled to agree, in the spirit of securing the BT pension scheme into the future but it’s important to emphasise that BT have said that, these proposals are specific to the 2017 pay review and apply this year only;

• BT wanted to move the future pay review date to 1st April 2018 without backdating this pay review to 1st January. We stood firm that this should be backdated to 1st Jan 2017. However it’s also important to remember that the last pay review date was 1st April 2016.

A further Q&A will be issued to members explaining the agreement in more detail. Please send any questions you may have to: [e-mail]
An electronic consultative ballot will be sent to your work email addresses (bt.com or openreach.co.uk). The timetable for the consultative ballot is :
• Ballot opens: Thursday 30th March
• Ballot closes: Tuesday 11th April
Your pay including any backdated pay, from January will hopefully be made in your April salaries.
The CWU recommends you vote YES in the forthcoming ballot

The grades below are a snapshot of the various pay grades at the maximum level. Please note this is the CWU assessment of the changes and they are subject to BT’s confirmation.

GRADE 1st April 2016 1st Jan 2017
Current 2.6%
TMD1 £40,633 £41,689
TMC3 £36,683 £37,637
TMC2 £34,287 £35,179
C2 SALES £34,287 £35,179
TMCP5 £32,670 £33,519
TMCP4 £32,268 £33,107
TMC1CC £30,978 £31,783
TMC1 £30,977 £31,782
TMB2 £28,613 £29,357
B2 SALES £28,613 £29,357
TMB2P £25,772 £26,442
TMBSI £25,772 £26,442
TMB1 £25,356 £26,015
TMB1CC £24,923 £25,571
TMA2 £22,172 £22,749
TMA2CC £20,586 £21,121
TMA2P £19,693 £20,205

Current 2.6% + £120
TMNE3 £29,841 £30,737
TMNE2 £25,772 £26,562
TMNE2 £22,932 £23,648
TMNE1 £20,327 £20,976
TMBS3 £30,977 £31,902
TMBS2 £27,900 £28,745
TMSV2 £20,327 £20,976
TMSA2 £19,981 £20,620
TMSV1 £17,780 £18,362
TMA1 £17,301 £17,871
TMSA1 £16,511 £17,060

[montyhedge] 24/3/2017 11:24

lol who's running BT Gavin or Sharon White at Ofcom.

[montyhedge] 24/3/2017 10:44

Openreach I reckon with Ofcom involved will have margins squeeze bigtime.

[montyhedge] 24/3/2017 10:41

I reckon that's why Ofcom let BT keep Openreach, Ofcom have more control.Can keep imposing restrictions and fines. Probable would of been best to get rid of Openreach.

[tonio] 24/3/2017 09:51

Too bad Plusnet - best bit of BT by far- getting fined for billing people who have left. Plusnet said:
'We are very sorry and would like to apologise to the 1,025 customers affected. We reported this ourselves to Ofcom and made every effort to contact these customers to arrange a full refund before the investigation started.'

Of course Nanny Ofcom couldn't have this sort of appalling error happening - never having run a mega-business themselves - and slapped an £880,000 fine on them.

I don't know about you but if I got a bill from a company after I'd left them, I wouldn't pay it. As my Dad may have said: By the heck lad,how daft can thee get?
First rule after leaving: cancel any direct debit.

Anyway why anyone would leave Plusnet is a mystery to me - great reliable 20 Mb/s broadband at £2.99 per month plus £186 pa line rental.

Cheers!

[maurillac] 24/3/2017 09:44

every opportunity that muppet monty is wrong again - he usually is !!!!
m

[montyhedge] 24/3/2017 08:51

Every opportunity Ofcom going to hammer BT.

[dipso] 24/3/2017 08:15

Ofcom proposes automatic compensation for slow broadband repairs

Providers may have to start compensating customers if landline and broadband repairs are too slow, Ofcom has said .

Under the proposals, customers could also get refunds if broadband isn't set up on the day it was promised, or if an engineer doesn't turn up for an appointment.

Up to 2.6 million more customers could be compensated to the tune of £185m each year, the regulator said.

Lindsey Fussell, Ofcom’s consumer group director, says: “When a customer’s landline or broadband goes wrong, that is frustrating enough without having to fight tooth and nail to get fair compensation from the provider.

Ofcom is consulting on the proposals until June, and will publish its decision at the end of the year.

[toon1966] 24/3/2017 08:05

Oakville - I see Monty's added you to the 'losers' club, I'm in the 'amateurs' club. If you're not careful Monty will filter you!! It may not be long before Monty will be posting to only himself!! I haven't bothered filtering Monty as he brings me far too much enjoyment with his hilarious posts. Looking forward to today......

[kitbag1984] 24/3/2017 05:27

So Monty I assume you placed a short trade on the ftse a few days ago then if this was the "start"? Is that correct?

[montyhedge] 23/3/2017 19:05

Oakville = loser

[montyhedge] 23/3/2017 19:03

What more do you want went from 335p down 325p, back to 331p.Shares don't go zero or go to the moon. You been buying this all the way down good luck, only hear from you when up. Lol

[oakville] 23/3/2017 18:58

Monty = clueless.

[oakville] 23/3/2017 18:58

See he is about but it's not been a down day so he stays under his rock !!

[montyhedge] 23/3/2017 18:27

Read the other posts idiot.

[801710245] 23/3/2017 17:36

monty,

on Tuesday, you wrote this:


montyhedge21 Mar '17 - 15:20 - 22604 of 22654 1 0
Is this the start I predicted.



Would you be kind enouth to explain what is it that has started - as predicted?
(btw, we've had two blue days since your quoted post)

[oakville] 23/3/2017 16:05

I’ve never really rated BT as an income stock, with its yield ranging between 2.8% and 3.2% over the last three years, but now I’ve changed my mind. The January profit warning and resulting share price collapse has bumped up the yield to 4.6%, rising to 5.6% by FY2019. Shareholder payouts have actually been rising steadily since 2009 and I expect this to continue. I believe that with an undemanding forward P/E ratio of 11.9, the share price should easily recover to £4 and beyond.

[oakville] 23/3/2017 16:05

So, after many months of wrangling, BT Group (LSE: BT.A) and telecoms regulator Ofcom have finally agreed to make the company’s Openreach infrastructure division a legally separate business. Openreach builds and maintains the vast network of copper and fibre cables that run from telephone exchanges to millions of homes and businesses across the country. The new company, Openreach Limited, will have its own branding and won’t feature the BT logo.

Greater independence
It’s hoped that once the new agreement is implemented, Openreach will have greater independence under its own board of directors. The news will go some way to alleviating concerns from rivals such as Sky, TalkTalk and Vodafone, that they were operating in an unfair marketplace, with BT making decisions about Openreach to benefit its own retail business.

So how will this affect the share price? Many believe that BT has dodged a bullet. The regulator could have forced the group to hive off Openreach completely, and investors should be pleased that a full separation has been avoided. BT has argued that a full break-up of the company would lead to additional disruption and higher costs.

Recovery has begun
So what now? Last month I argued against selling BT following the Italian accounting scandal and subsequent profit warning. The share price had collapsed, but I believed that the sell-off was overdone and it was worth hanging on for a long term recovery. With BT now trading almost 10% higher, I think that recovery has already begun.

I’ve never really rated BT as an income stock, with its yield ranging between 2.8% and 3.2% over the last three years, but now I’ve changed my mind. The January profit warning and resulting share price collapse has bumped up the yield to 4.6%, rising to 5.6% by FY2019. Shareholder payouts have actually been rising steadily since 2009 and I expect this to continue. I believe that with an undemanding forward P/E ratio of 11.9, the share price should easily recover to £4 and beyond.

[oakville] 23/3/2017 15:47

Strength into the close.

[eaaxs06] 23/3/2017 12:47

The financial year end is 31st March.

Results day is Thursday 11th May.

[excell1] 23/3/2017 12:30

Historically results 31st March.