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It’s a case off hold tight top up if u can and watch this space things are going to change this year and hopefully will be for the better I.E get a Chairman who backs Jansento get on with the job of change
Larry long - Tsk! Auto correct :)
- LarryBling!
Larry long -
Adel Al-Saleh from DT, is listed as on the board of BT but is listed as a Non-Independent Non-executive director. As the others are all Independent Non-executive directors (NED's) but still on the board or 'senior' prefixes there might be something in what you say about him being just a direct line to Tom H the CEO of DT.
However the chairman of Openreach, Robert McTighe is also a BT board member and has a list of directorships on other company boards as long as your arm (as does the DT guy). Don't see any reason why the chairman of Openreach would be prevented from owning shares in BT especially if he has a seat on the board of BT. They are both listed officially as board directors.
Velo, “ Noticed 2 directors with NIL shares in BT when I posted of the breakdown the other month. One was the DT representative but he's an employee of DT and DT has more stock holding in BT already than anyone else and the other is the boss of Openreach which raised my eyebrows. The boss of Openreach sits on the BOD of BT yet is risking not a as single penny of his own money whilst participating in high level decision making in BT. Even posters on here have more moral say in running BT than a director with a nil stake in BT.“
Not sure either Mike McTighe or Clive Selley are allowed to hold BT shares, so as to fortify Openreach’s separate position to BT. Also not sure either of them are on BT board but just a dotted line to Jan.
BT needs a shake up and it’s long overdue!!! There should be a rule that all share options are cancelled if a company’s share prices falls over a two year period.
Officially the most underperforming share over a five year period on the FTSE 100. No BOD can be proud of a record like that. Let’s hope this changes soon.
" PS. I thought it was Jansen that was pro -selling off a part stake in Openreach - not Du Plessis and the BOD?"
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Please delete that single line from my post below. Sorry - completely misread a further post below due to speed reading.
" DT Must be itching to do something with their stake. Cash out at profit or double down on a tiny island? Sorry the U.K market is just too small "
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The years are passing and Tim Höttges (CEO of DT) own words have proven to be taken as serious:
" We are very happy with our holding in BT. Very happy."
What may have been overlooked is the significance of market share - So concerned about Vodafone's big expansionist move into Europe curtesy of the Liberty disposals, particularly Germany, that Tim Höttges resigned from his directorship at BT and installed an employee there (the chap with the Arabic name el Salem or some such) to represent him and DT's interests. So DT take their directorship in BT seriously. I have come to the conclusion that DT's holding, the largest of any shareholder in BT, is a power play and not a failed profit play. (For instance DT have a big presence in the US) I also believe DT are "happy" with their holding because they have not lost money on their holding.
They handed over their entire holding to a hedge fund for get this: "safe keeping" Hah! Yeah right :) You don't get to such a dominant position as DT and meekly accept a mega massive loss on your investment in BT whilst doing nothing about protecting your investment. I often get the hedge fund DT is using mixed up with another shareholder on BT's books - Blackrock (holds 6% of BT's total stock) with the hedge find DT use - Blackstone (I think). Without DT's huge stake in BT I'd be more certain of a possible takeover, but DT would do everything possible to derail a takeover as their holding in BT IMO is a pure power play to enable their own market share plans.
PS. I thought it was Jansen that was pro - elling off a part stake in Openreach - not Du Plessis and the BOD?
Noticed 2 directors with NIL shares in BT when I posted of the breakdown the other month. One was the DT representative but he's an employee of DT and DT has more stock holding in BT already than anyone else and the other is the boss of Openreach which raised my eyebrows. The boss of Openreach sits on the BOD of BT yet is risking not a as single penny of his own money whilst participating in high level decision making in BT. Even posters on here have more moral say in running BT than a director with a nil stake in BT.
DT Must be itching to do something with their stake. Cash out at profit or double down on a tiny island? Sorry the U.K market is just too small, add Ofcom and it just makes it worse! Best plan is to overvalue Openreach and sell it to a SPAC. Use the proceeds to reduce debt and invest in unregulated tech / communications/ digital sector.
Speculative, but possible if Du Plessis was pushed, that a shake may be coming. Some articles have suggested that Jansen isn't against selling a stake in Openreach, and clearly the dividend suspension/cut was Jansen. It's possible some big announcements may be coming, taking into account the previous publicised disagreements between Jansen and Du Plessis. If a shake up is coming, it's anyone's guess what might be involved, but Lee21's post, "BT & EE appoints PR agencies in massive review", would also support this speculation.