Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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SP going up with strong volumes at the moment.
Is it the government review tomorrow on the Drahi investment? Thought they had 30 working days from the announcement 26th May + another 45 days if they can't make their minds up!
Growth in the consumer and broadband arms will offset declines in Enterprise and GS
BT is forecast for a tiny amount of revenue growth in its first-quarter by Citi, though the broker says the outcome of the potential company-wide strike by the CWU will be the focus.
Growth in the consumer and broadband arms will offset declines in Enterprise and GS, leading to overall revenue for the group to grow by 0.6% in the first quarter, forecasts Citi.
Underlying profits (EBITDA) will grow 1.6% year-on-year (yoy) with a focus by management on improving average revenue use and churn impact from the April price increase alongside any potential cost impact from the CWU decision.
Neutral in the investment view with a 185p target ahead of the announcement on 28 July.
Shares today rose by 2.2% to 189.4p.
https://www.proactiveinvestors.co.uk/companies/news/986545/strike-call-to-dominate-bt-s-quarterlies-suggests-citi-986545.html
Think handy mandy has had a few too many
More than that, Fleccy - a lot more. Easily £6
….. point out the benefits - the pay rise and call the potential strikers bluff by saying - if you think you could do better then it may be time to end our relationship…….
The potential strike would in my most humble opinion simply crumble and a consolidated pay rise already paid seem a very good deal.
I have some long term investments so intrigued to see around Aug 25 what they are sitting at
"Just curious where do we all see the share price £ in 3-5 years"
£3-£5 funnily enough.
Just curious where do we all see the share price £ in 3-5 years time
Erik - yep via Quidco so get a gift card too
Coronation, so you’re jumping ship from BT to BT via proxy lol…
Polly,
My boys have moved to Toronto so no need for BT Sport - by moving my bill goes from £92 down to £29 - I did rty to renegotiate mid term but they were not interested in coming close.
I will be voting with my feet - probably to Plusnet BB and mobile at above prices.
I would be insane not to - not disloyal.
One Day Soonish. When it comes to strike action, you'll find that most; except a hard core of fat cat militants and third columnists will 'person' the picket lines and that most people will go into work. Their partners will be on their backs anyway, metaphorically speaking.
Ain't that the truth. A mate of mine works for BT. A top bloke and very well paid. He's anti the strike as he recons the company will use this as a catalyst for another "re-structure" and he doesn't want to lose money. Time will tell I guess? Understandable that people want to see their salaries tracking inflation but is that sustainable? BOE seem to be in the too little too late club? The higher inflation goes the more of this unrest we are likely to see and the less likely a "soft landing" for the economy?
GLA
I’d have thought that by Nov they would be wanting you to re contract onto EE products as that will be their lead brand so you may find they’ll have some great deals for you then.
Only a sad mind would think interest in the competition & an interest in research would think like that.
https://newsroom.bt.com/bt-group-response-to-the-cwu-ballot-results-on-industrial-action/
The strikers will achieve nothing, they will lose pay gain public disgust many of which would be very happy with any kind of wage rise .
Bt will carry on operating I just hope they take this opportunity to assess how many staff they can do without for future cutbacks / savings
“ There’s really little point owning shares in a company if you feel that way.”
Is it not an ironic comment from a poster who in the past has ramped up VM/O2 to the detriment of BT .
Harry Dent thinks everything is in a bubble, so he's only invested in US Treasury Bonds. I think he must have missed the FTSE performance.
https://www.youtube.com/watch?v=teHU7Z1YjhU
Looking at a long term chart of the FTSE, compared to US indexes, the FTSE is not, and has not been in a bubble. Over the last 5 years, the NASDAQ has outperformed FTSE by 83%, down from 157% outperformance in Nov 21; The DOW has outperformed the FTSE by 47.7%, down from 68% outperformance in Nov 21 . I honestly don't see the FTSE as being in a bubble, which is likely due to the components making up the FTSE. The FTSE has not only underperformed, but it's actually down by over 2% over the last 5 years, I don't see how anyone describe that as bubble territory.
https://www.google.com/finance/quote/UKX:INDEXFTSE?comparison=INDEXDJX%3A.DJI%2CINDEXSP%3A.INX%2CINDEXNASDAQ%3A.IXIC&window=5Y
Pate2014 you made yourself look foolish once you made the statement "Well I’m sure we are all paying more taxes now than under any Labour Government and I’m sure our country has more debt now than under any Labour Government"
Have you been living in a parallel universe?
There has been a pandemic and a war in Ukraine!
Comparing debt and tax levels under the Tory government is frankly ridiculous to say the least.... remember the last time the labour govery left power and the note that was left? If not look it up.
Handy
Sounds straight out if the daily express handbook.. Labour bleeding the country dry
Well I’m sure we are all paying more taxes now than under any Labour Government and I’m sure our country has more debt now than under any Labour Government… The NI bill was only reduced under pressure from Labour from this month
Why was the NI increase? To pay for NHS backlog and care and there’s me thinking the country was promised an extra £350Million a week into the NHS oh the famous Red Bus.. yet another Boris lie … Still Brexit was done and what a roaring success it’s been … I now have a Blue passport that limits my travelling and entitles me now to a longer queue to get in a European country and a longer queue to get out of a European country .. it’s also gets me £2 a day extra in roaming charges and no longer entitled me to free recipricol European health care .. Exporters are giving up exporting because it’s too difficult ( see latest export figures to Europe) and we can’t even trade with parts of our own country.. Oh remember Boris telling us there would never be a border in the Irish Sea and no one would fill in paperwork to export to NI ..
I know we all have our own view on politics but Handy my advice would be stop reading the daily express and ask yourself one simple question.. Are you better off now than over the last few years .. I accept that you will be but most aren’t.. And also whilst you are thinking ask yourself if you can name one benefit for yourself that Brexit has made
Read some of the comments in this article, strikes are as devisive in this country as politics these days. I suspect the General public have little sympathy for strikers. The comments are more interesting than the article.
https://www.ispreview.co.uk/index.php/2022/06/cwu-vote-to-strike-over-bt-pay-as-openreach-prep-contingency-plan.html
"In a funny way you ridiculous comments have provided evidence to support my point about contractors and sub contractors doing the majority of the fibre first rollout work. Just shows how the continued denial of several BT group employees are so out of touch."
"Whats with all this contractor bashing on here? I would love to see you Openreach guys experience a year of contracting, being paid less than £25 for a mornings work doing full whack provides, new dropwire, lead in, socket, dealing with faulty D and E sides after you have nicked a pair UG feeding a spare on the DP without updating or even caring where that between joints pairs’s DP and term was. 10 Spares on CSS, all DIS UG yet showing as preconnected, then having to deal with the faulty e side and a PCP that hasnt been built correctly.
Yes you may have to fix our mess ups, but you get paid per hour, and have a good package on top of that. We get a pittance, and then you using the candid app on us all the time to get our money for the job took off us for clearing the fault in the PCP on closure, when you actually cleared it in a rotten Joint UG!
Oh, and then clear off at 16:10 when we are still working til 7 while your having dinner with family!"
50% threshold. Not 50% threshold in favour. Apologies.
There’s really little point owning shares in a company if you feel that way.
According to the CWU’s own figures, the strike ballot was a damp squib:
EE people clearly voted NO, as the union failed to reach the required threshold of 50% in favour. More like a slap in the face than a resounding victory.
BT people nearly came to the same pragmatic decision. Of the 58.2% who voted, 8.5% said NO, effectively reducing the union’s mandate for strike action to less than 50%.
Even in Openreach, the apparently convincing landslide was less than overwhelming, when you consider that less than 75% of people voted and 4% of those who did said NO.
And there you have the answer. Openreach engineers, the most highly paid frontline workers in the BT Group, want more than the £1,500 already generously given. These heartless, greedy beasts are putting the livelihoods of their colleagues at risk. They couldn’t give a damn. They simply want to maintain their differential. That’s socialism for you!
But the real villains in all this are the unions - not just the CWU, but all of them. They have been planning a summer of discontent for some time. They are desperate for a Labour government to bleed dry. If that happens, if the politics over envy win over common sense, we’re all done for.
“ but industrial action's will accelerate the changes”. And compulsory redundancies I think