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Handymandy... you are the idiot, those of us closer to you coal face know more than you do about the situation and if believe the IA has had little effect you carry on supporting fat cat behaviour. I can tell you the wheels are falling off and those at the top are ignoring it thinking contractors ( who by the way cause more faults than is admitted) are the robust plan for mass engineering absence
More like the loanvanker! Global economist? I think not. More like a CWU union rep who's preaching from the socialist bible. Idiot.
"Business leaders argue these wage rises will simply feed inflation unless they are driven by higher productivity. “Ambition on wages without action on investment and productivity is ultimately just a pathway for higher prices,” Tony Danker, the CBI director-general
UK is in danger of walking through a "Dont look up" event due to squabbling etc...
Everyone whatever walk of life has to realise we need drastic change for the next decade and just arguing about wages in order so that we can just carry on whilst world changing events go on all around us ....is merely fiddling while Rome burns
Loanranger Couldn't have put it better.. Well said.
Part of this huge cycle we are seeing unfold will be a recognition that 'labour' is a valuable commodity and will not be given away cheaply. Boomers retiring in their droves and getting triple locked inflation linked pensions, those on benefits getting inflation linked increased, retired civil servants etc getting inflation linked pensions....and the fewer remaining workers (less Millennials) being asked to take on student debts, higher NI contributions and pay high house prices.
Tick, tock.....wont last long. No point earning £30K a year and working like a dog when moving onto benefits makes your bills and food shortages the governments problem not yours.
Work needs to be rewarded highly , the unions are easing businesses into this...those that don't pay well enough wont have enough staff. Too long we exported our labour inflation to China....that's changing. Painful process ahead...follow the macros not political beliefs.
In BTs favour is Telecoms will fair better than many businesses nudging up tariffs with inflation....that doesn't guarantee VOD or BT a place in a rising market but at least they stand a chance. But they will have to pay the staff who actually earn the business money inflation linked wages or.....bye bye.
"I will, at the risk of invoking your censure offer one final comment , your holdings of BT , VOD and LLOY are heavily dependent on the UK economy and offer no diversification , why not consider a global ETF as a counterweight?"
In the last 30 years we have invested in funds, but their performances were underwhelming, even in rising markets, and over many years we lost trust in relying on others to make our investment decisions. We were lucky, because we did invest a substantial amount in a fund post the dotcom bubble bursting, which tied up our cash for 5 years; And fortunately for us, we cashed out of the investment fund a year before the Financial crash, and invested the money into a 2 year savings bond with the Halifax, paying a guaranteed 6% annual interest; The financial crash happened half way through the 2 year investment period and I wont deny it was squeeky bum time, as the amount tied up was considerably higher than the FSCS compensation threshold.
After all that we did look at funds again, around 2009/10, but the historical performances looked rubbish even pre-financial crash. When we went in and spoke to an adviser, I pointed out the 6% annual return we'd received on a savings bond outperforming even the best he had to show me, he looked dejected but shared the fact he'd personally taken a hammering due to the financial crash. We'd also been previously underwhelmed by returns from Endowment mortgages, and an Endowment fund we'd invested in.
For all the above reasons, we only invest in stocks where we have full control of the investment and receive the dividends directly into our accounts. I have zero trust in the managed investment world, and even though ETF's and passive's are cheaper these days nothing will get us back into investing in funds.
Sorry but what does this mean ?? Thanks richardhedger
Soon back to 99p and a penny to be made!
Fleccy glad your investments are working for you, there are many ways to invest wisely (though many more to invest badly!!)I wouldn't classify my strategy as "jumping in and out of stocks" - my average holding period is measurable in years not minutes, but the big moves in sentiment are IMV relatively easy to spot, in my investment career - and it is a career, it has been my primary source of income for almost 25 years, I have seen a number of large , long-duration market falls and equally significant rises , from the dotcom boom and bust to the GFC, to the astonishingly short-lived covid crash in early 2020 and, by buying steadily into the rises and taking profits when they are significant, I have done well.
I see slow gains in the Uk market in the medium term but am currently more heavily invested in the US where , IMV greater gains are to be made over a two/three-year timescale.
I absolutely endorse your last sentence , crypto , meme stocks NFT,s are tantamount to Ponzi schemes , as sadly are most of the aim stocks which attract hundreds of posts on these boards, I have learned that the fundamental way to invest successfully is not to lose money chasing big returns.
I will, at the risk of invoking your censure offer one final comment , your holdings of BT , VOD and LLOY are heavily dependent on the UK economy and offer no diversification , why not consider a global ETF as a counterweight?
Due to fly back from Dubai today so will not be able to respond for a while!
No need Farfart. Clowns like you guys make yourselves look stupid enough without help from others lol. Get your calculators out or get someone who can use one to do the sums. The money lost for employees due to the strike will outweigh any benefits. All while your "leaders" suck you dry. Hilarious.
Handy, although I do tend to agree certain points you raise there’s some I have to disagree with, I’m sure no one wants to strike, it’s not just BT it’s the country as a whole and when you look at profits against normal working people good and bad they’re no mistake where heading into a major crisis with the cost of living while people at the top get large payouts that’s the issue and people are struggling all over the place and its getting worse so putting the banter aside I’m sure you really wouldn’t want people loosing jobs or their homes etc , look, were all share holders otherwise we wouldn’t be on here, genuine people like most are on here apart from the idiots that think they can buy bt shares just to sell tomorrow and make a packet know long term we will all be winners but it might take a few years or so.
Deutsche Telecom Hikes Guidance for second time
Ummm who said you were striking clown? Stop banging your gums. Nurse Ratched will be around for your bed bath soon.
"OK that doesn't offer a formula but I don't believe one exists, a certain amount of logic, coupled with judgment has served me well. I have said elsewhere and maybe here that my strategy has been for many years now to aim for 10% over inflation per annum and have achieved that in all but 3 years of the last twenty odd."
"fibre rollout will weigh on profitability for some time and I suspect that until the shadow boxing between the other players is resolved by some sort of tie-up and the smoke clears the telecoms sector may tread water."
It's great if you can time when to jump in and out of stocks and achieve consistently good results, most can't and the ones who can are the exception rather than the rule. I'm currently sitting on paper losses on the three stocks I hold, BT, Lloyds, and Vodafone, but I'm on target to bring in dividends of around £21,000 over the next year; Including the Vodafone dividend, i'll receive £10,400 of the £21,000 before the end of September. My paper losses are due to being heavily invested over many years, but I have brought my average cost per share down significantly throughout Covid, and each of my holdings average cost per share are well below historic averages, so I'm not worried by my holdings current underperformance. I'm growing my holdings by reinvesting dividends while I perceive low prices, and I'm 100% sure my shares will show significant capital gains once the market decides to take it's foot off UK value stocks. Going forward, I've decided that I wont be injecting any more external capital into stocks, and will concentrate simultaneously running the share dealing accounts down, while topping up the ISA's.
As far as BT is concerned it's the stock I have most confidence in, not from a Revenue growth perspective, but from a Net Income perspective. Ofcom regulation has been responsible for much of BT's decline in revenue, through forced opening up of the Network; Companies like TalkTalk rely on regulation to support their whole business model, since their businesses wouldn't be viable without cost controlled access to BT Fibre and the Openreach workforce. BT's costs will come down dramatically over the next 8 years, so much so that they could easily undercut any of the current rivals and still maintain good margins, in my opinion. The market is short sighted in my opinion, and I don't think this risk on mentality will last forever. I believe the current market mentality is a bit surreal, when you consider the amount of cash thrown at useless cr@p like Crypto.
Phat, you might as well surrender now. The strike is over. Even fewer people will strike next time, if there is another callout that is. They will be thinking more about their bills and their families. How many more days' pay can they afford to lose. No more, I reckon. Here we see typical union greed in the face of a national crisis. I say down with the fat, bald, aggressive union barons. They have no place in modern society.
Grs24 Please go easy on Jake and Elwood , it looks like they are building up to the moment when they finally come out of the closet.
Lets just concentrate on continuing strike action and giving the likes of Jake and Elwood a heart attack
Come on you cap doffers , grow a pair and get behind the CWU strikers
Jake the bird brain, what makes you think I was striking ? you’ve made your self sound as bad as that other buffoon lol. I presume you can read and know people are going to really struggle this winter and it’s no laughing matter but hey ho you’ll probably die a Lonely little man thinking you’ll be the richest bloke in the grave yard lol
It won't be a laugh when you realise how much lost wages is costing you and the bank manager comes calling. All while the Union hierarchy and supping their drink ,living the high life, still getting paid and taking the pi55 out of you. Not sure who is the more intelligent
Fleccy - just got back to my hotel and spotted your post of 18.13 last night.The question of fair value for BT is impossible to answer as it consists of the interplay of a myriad of often conflicting elements, BUT I'll have a go.
BT appears in my folio now and again as part of the defensive, divi earning element which includes other shares such as LGEN,NG,IMPS,MNG, PSN.....all of which I currently hold and have held off and on for years (As I have said I am a buy and hold man but that means to sell when they are over my value estimate and buy when they fall back in , as at some point they all do)
While I have no hard and fast rules, I judge them on divi, P/E , recent earnings momentum, recent SP momentum, my perception of the market generally and any obvious threats/Opportunities they may have.
OK that doesn't offer a formula but I don't believe one exists, a certain amount of logic, coupled with judgment has served me well. I have said elsewhere and maybe here that my strategy has been for many years now to aim for 10% over inflation per annum and have achieved that in all but 3 years of the last twenty odd.
To get back to BT I will watch and wait, for me the short -term momentum is downward, the Drahi thing gave the stock an impetus which seems to have dissipated, fibre rollout will weigh on profitability for some time and I suspect that until the shadow boxing between the other players is resolved by some sort of tie-up and the smoke clears the telecoms sector may tread water. If you want me to pick a number for the SP I really can't. It would clearly be below my sell average which was I the high 180's and below today's SP , would 140 tempt me back? possibly, depending on all the other criteria set out above, below that it would be back towards the territory of my last buys and would definitely appeal. If / when I buy back in I will declare so and may still offer my input here on occasion between now and then. If I miss a rise and you profit then you have my very best wishes!!
Now it's late afternoon in Dubai, the temp is 40+ and the cool, shady air-conditioned bar downstairs is calling me (despite the extortionate prices!!)
You keyboard warrior capitalists seem awfully wound up at the moment
You need to relax , come join us on the picket line next strike day . Its a good laugh actually
No it’s simply that BT was privatised and is in effect a cash cow saving the Government paying the fat pensions of pensioners stuffing their faces all for ever costing more bleeding away profit living forever
The reason we are striking Gassy is to annoy easily triggered fools like your self
Up the workers comrade
Latest union update
The Communication Workers Union
15 mins ·
AN IMPORTANT MESSAGE TO ALL BT AND OPENREACH MEMBERS - PLEASE SHARE.
Let’s keep the pressure up!
It is one week since our BT and Openreach members took strike action in such huge numbers across the UK.
Have no doubt this support has hit the company hard. Our door remains open for negotiations but it is important we do not lose momentum and pressure.
On this basis, we want to push a number of initiatives this week:
1. We need every member as well as your friends and families to write to your local MP. We have had some excellent replies and this is shining the spotlight on the company. Use this simple form to join the thousands of members who have already helped our political campaigning. Use this link: https://www.cwu.org/.../write-to.../bt-openreach-support
2. We are setting up a meeting with major shareholders of BT Group to present our case for the pay rise you’ve earned and deserve.
3. We are drafting a major national newspaper advert which will be published prior to any further strike action.
If BT Group do not respond positively, we will, announce further action- expect further communications from us, by the end of this week.
Your continued support is creating the pressure to win this dispute – please keep this up!
Andy Kerr Deputy General Secretary (T&FS)
Dave Ward General Secretary
Can anyone throw light on current status/future