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As far as I can remember , drahi bought shares between 170-181p
Philip Jansen bought at around 170p
So buying anything under 180 is decent it seems
When BT closed the final salary pension scheme, practically all members became deferred. All except a few engineers who could opt for a hybrid scheme if it worked out for them. So these guys have a small active stake.
Of course any share can be manipulated but then if anyone was to suggest this is what's happening to a particular variant every time it goes down they would be worse than naive.
"but good to see the manipulation theory debunked."
Stocks are manipulated all the time. It was things like Off Book trades, and Derivatives, that allowed Drahi to build a 12% stake on the quiet, and then a further 6%, increasing his holding to 18%. Maybe describing these things as manipulation is a bit misleading, since the regulators have allowed these tools to exist, giving the big players the means to hide their trades. All these trading tools do, is shift the odds in favour of the big players who have resource and cash to tilt the odds in their favour. The recent Meme stocks fiasco , involving companies like Gamestop, and AMC, is an example of Retail investor revenge; Was the Meme trades manipulation? They elevated the prices of stocks well above the fundamental value, causing a short squeeze costing Hedge Funds Billions. Anyone who suggests that stocks can't be manipulated, sorry moved in any direction as required, is being naive as there's years of historic evidence suggesting otherwise.
Well don Carrington.
Deferred is presumably people who have left the company but not taken their pension yet (?). Would have thought active meant those still there and paying so don’t understand that (low) number at all, or likely I’ve got the definition wrong.
‘And yet the price is inexplicably recovering’…not sure about ‘inexplicably’ but good to see the manipulation theory debunked.
I’ll restate, personally I think BT sp is well below ‘true value’ but it continues to suffer from mixed sentiment, and on a day to day basis from external volatility.
Good find, there are a few interesting points in the article.
"In the year to June 30 2021, the number of active BT Pension Scheme members fell from 31 to 23, while the number of deferred members fell from 73,868 to 66,953."
Some of the BT guys, who receive correspondence on their pensions may be able to clarify the above. Are the 23 active the remaining Section A members still contributing, with the deferred members being the Section Band C members? I assume the reductions are from members who've either transferred out, retired, or died.
"However, the BT scheme’s actuarial pensions deficit is expected to be higher than the accounting IAS 19 deficit, with the next triennial valuation due to take place in 2023."
We've had the conversation about actuarial vs IAS 19 before, with luck there'll be a lot more clarity in 2023.
"we pay out £2.5bn to our 200,000 pensioner members and their beneficiaries every year."
https://www.btps.co.uk/YourBTPSPension
This news alone should have sent the BT share price above 200p IMO. The media has negativly used the pension deficit against BT for years. Now BT have it under control down from £5.1bln to £1.1bln. I wonder what the media will look for next to discredit BT?
Sorry if i missed this but read article today that BT pension deficit slashed by 4Bn down to 1Bn.
https://www.pensions-expert.com/DB-Derisking/BT-slashes-pensions-deficit-by-4bn-in-one-year?ct=true
May explain why my BT DB scheme transfer out value tanked another 10%, and down 25% in 5 months.
Prime time, I think from recollection his buy in price as about 181.
Thanks
Lets hope he buys some more in June as i thought we would not drop this far once we were over £2
@Prime time, I think from recollection his buy in price as about 181
"My view is simpler. The market remains cautious and not enough people are buying to push the price up right now.
Personally I think the ‘conspiracy theories’ that regularly get rolled out here are essentially denial driven by emotion rather than any real substance."
And yet the price is inexplicably recovering, it unlikely to be entirely due to the Morgan Stanley upgrade, since past upgrades haven't usually had a big impact, unlike downgrades which have tended to hammer the price.
JPMorgan raises BT price target to 270 (255) pence - 'overweight
Bank of America raises BT price target to 232 (224) pence - 'buy'
Hi
What is Mr Drahi buy in price .anyone know or would like to take a guess.
Well i thought tesults were good yesterday and with complaints down a good sign that for bt imo
Compare their recommendations for Vodaphone,it’s always a buy even when others are negative,love affair with them,hate affair with Bt!
Agree - I couldn't initially understand when the price dropped this morning with the tide going the other way. Incredible given how much BT have reduced their pension deficit. You start to suspect Deutsche's intentions.
Said MM marks down BT share price on back of Deutsche Bank sell reco to 140p - markets then realise it is Deutsche Bank that has made the reco and adjusts accordingly - BT to finish blue today imo
dyor etc
My view is simpler. The market remains cautious and not enough people are buying to push the price up right now.
Personally I think the ‘conspiracy theories’ that regularly get rolled out here are essentially denial driven by emotion rather than any real substance.
These were good results - and a decent final dividend as promised.
Cash return on BT Sport JV too.
See what June 14th brings - Mr Drahi must be filling his boots ??
Why yesterdays gains, and more, has come off BT's share price today? My own view, is that big playes use algo's to drive down targetted stocks On Exchange price, which then sets the Off Book price, they then make the big trades Off Exchange. Off Exchange trades don't affect the Exchange price, therefore allowing the market illuminati control over a stocks price direction for a relatively low cost, while they do the big trades Off Book.
Usual S##t t broker recommendation from Deutsche,always negative with Bt sp,but so far away from all the other broker recommendations,how anyone can take them serious is beyond me!
3 tranches I bought this week, 173p 173.5p 175p.
2600 shares
Hey Larry a blue finish is never a bad thing matey I got it wrong by selling a few yesterday but overall happy with the results and happy to keep the reminder of my holding long term