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"Vibe with the polls" I am not even sure what that means, and chatting with AI bots is pointless
If no bid will be allowed the government should buy back bt at a fair price,back in the day government sold bt to fend for its self in the big wide world and be competitive . Restraints were put on bt to hold them back,government can’t have their cake and eat it, leave bt alone and let the bids come in £2.51 would give me a 75% profit,would like a higher price than this if possible.
We have a great deal in common Bertie :)
I want a bid i want a bid i want a bid i want a bid boo hoo need bid need bid need bid need bid need bid need bid need bid need bid need bid need bid cont....
See Mands how mind bogglingly boring your posts are getting.
Sorry folks not a lot worth reading atm. Will look in again when law decided.
P.S. Anyone who thinks the Class action isn't worth discussing needs their head examined. For starters, it's a lot more interesting than eternal discussions about BT pensions, dividend reinvestment and the cost of Sky subscriptions! While a potential fine of £1.3bn is highly unlikely, any sum in excess of £300m with no bid spells disaster. But there is another disaster waiting in the wings, as per usual with BT - strike action by the CWU, in the interest of protecting BT and British jobs, of course.
Same tired old voices wanting to keep BT British, banging on about national security, but secretly wanting to keep their jobs for eternity +. Wake up lads. BT and its successor(s) cannot afford the wage bill. There are no jobs for life any longer. You've been molly-coddled for long enough. Time to go out into the big wide world with a big fat redundancy package. and make your mark. Toodle Pip! LOL
"Let’s be honest , it’s either going to drag on into a minuscule fine or be quashed."
I agree that it's pointless to discuss the Class Action, since all any of us can do is guess the final outcome. In my opinion BT haven't done anything wrong, but it'll come down to the panel's opinion/judgement. Patourel's lawyer's are asking for around £1.3 Billion, which is nearly 2 years worth of dividend payout's, I wouldn't describe that as a miniscule fine if the panel side's with them on every point.
Excellent point Expat. Keeping BT British will send the share price lower than a snake's tail in the Jordan Valley and increase debt to truly unsustainable levels. However, there is a ray of sunshine. It will keep money-hungry Openreach engineers and their CWU anarchist leaders in their jobs for longer. Roll on the bid. Cry freedom for BT, freedom from the CWU, and freedom from government interference.
"Could any of the keep BT British crowd explain please."
I would suggest the opinion of any poster on here is irrelevant in respect of this subject, It's Government policies that decide who can and can't purchase BT. Thee biggest reason would be on National Security grounds, since Telecoms is quite rightly considered to be critical infrastructure. Expat, you should write to your MP if you have any issue with Government policy.
Huawei is a good example of the Governments approach to Telecommunications, and the reason they wouldn't allow a foreign takeover of the UK's largest Telecommunications Provider.
Not quite sure why this ‘class action’ is getting so much emphasis and credence on this bb
Let’s be honest , it’s either going to drag on into a minuscule fine or be quashed.
The share price is down due to infrastructure build, nothing else, that’s going to take 2-6 more years,
The dividend is covered until then.
There is no debate. Reinvest your divi or take it as cash until then. Or sell your shares and invest in aviva or a growth bond.
Old news but interesting nevertheless.
https://newsroom.bt.com/bt-statement-on-preliminary-judgment-for-court-of-appeal-case/
There is no keep Bt British crowd. It’s all in Mandy’s head.
Theres only Mandy bothered about what nation the companies who own stakes in Bt are from..
Now you’re talking Expat!!
I wonder what the benefit of staying British owned is especially how it will help the share price.
Could any of the keep BT British crowd explain please.
thanks
Phatz
Mandy is in alignment with any and all cwu endeavours, I commend his desire to keep Bt British and jobs for life. As well as detesting any take over attempts , and with a positive outlook on Bt futures.
I’ll raise my glass of disco fork lift truck mango pale ale in support of that good man Mandy
Trial will start on 29 January 2024, and we will finish hearing all evidence by 1 March 2024.
I assume the longer it takes for a decision the better for BT. .....Not an open and shut case. Each week that passes will be less payout if BT is found Liable. And then maybe Not liable at all. ...That would see the Black heart Shorters burn.
Unlucky - BT is no Apple ….. is it.
Ultimately did it hurt Apple share price? looks like it's up 260% over the past 5 years..
Dont you worry Bain101 , our new CEO Alison Kirkby has already officially committed to stopping any foreign attempts at a takeover. my beloved CWU are in complete solidarity with her on this. This dream team will not be defeated. I know this will upset the fifth columnists like Mandy out there. Hey well thats tough , if you dont like it ...........good
Will we see BT's fighting spirit and luck and get some pull off a spectacular turnaround, to see the masses in investing in BT not other telecoms?
That is indeed scary. A hefty fine against BT would put any ambition of the company going-it-alone in the full fibre rollout race across the UK in extreme jeopardy. In fact, anything more than £245m (the price of the BT Tower) would be disastrous. Does that make a bid more or less likely? I reckon more likely, with Openreach being hived off. We'll all know soon enough. But if there is no bid and BT has to pay up anything over £245m, reach for your tin helmets. That includes all of us!
I see there was a ruling on a class action against Apple from Norfolk CC just completed for £400m, dating back to 2019 for loss of share value placed with in the councils pension fund. Scary.
An English council has won a $490m (£384m) legal victory against Apple over claims the tech giant exaggerated demand for its iPhones.
Apple has agreed to pay shareholders the sum after settling with Norfolk County Council, which led a class action lawsuit against the company.
The settlement comes after a five-year lawsuit claiming Apple’s chief executive Tim Cook had misled shareholders by neglecting to identify a downturn in demand in China weeks before a dramatic profit warning in 2019.
The case was originally brought against Apple, Mr Cook, and chief financial officer Luca Maestri by the US city of Roseville. Norfolk Council, which administers the £4.9bn Norfolk Pension Fund, took over the lawsuit as lead plaintiff in 2020.
The payout is set to be shared by investors who apply for damages and say they were affected by Apple allegedly misleading investors. It is unclear how much the Norfolk pension fund itself will receive.
The lawsuit had claimed that Mr Cook misled shareholders as Apple faced a drop in demand after the release of the iPhone XS and XR in 2018. ……..
Was a joke Larry :)
TBH Rod, telegraph poles are practically invisible, they’ve been the mainstay of any British leafy streets for decades, we’ve all got used to them. I’m with you on the countryside, let’s redevelop the brownfields first.
Larry, please show some respect and restraint for the oldies among us who love nature and natural surroundings and want them kept that way. Could actually be good news for BT and bad news for the competition.