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I would imagine that BT have calculated that any appetite for a strike will be low. I also think they will also be banking on the number of lower paid workers - thus better beneficiaries- will ensure any vote will fail.
With worst case scenario workers getting 3%- this is better than the 2.9% the BT Pensioners will be getting at the end of this month .
“ 3%- this is better than the 2.9% the BT Pensioners will be getting at the end of this month .“
Section A&B will receive 3.1% and section C 5%…
At the end of last year I watching every day bt drop , when it hit 135p I said to myself I’ll top up £5000 if it hits 130p.
135p was the bottom.. and it quickly rose.
Missed it. Haven’t and won’t top up again.
You may well miss out then.
That’s sounds like a very emotional response. It’s not realistic to expect to buy at the bottom or sell at the top and missing either shouldn’t turn into reluctance that means missing out on opportunity.
Strike will definitely go through successful. Workers are fuming with Bt . Trust me. When the ballot is in Bt will make a revised offer and it will be accepted by CWU . But it won’t be much more.
It’s like the cycle of life. Company makes low ball offer. Union cries outrage and exploitation. Employees are outraged. Company slowly slowly increases offer by marginal amount. Employees get worn down over time and resolve starts to crumble. Union tells employees to accept the increase ‘they’ have negotiated for them. The dance comes to an end and everyone sits down again, although the employees are left confused as to what really happened.
Actually what happened is the company had some smart people strategising the game from end to end to ensure outcome in their best interests. The union’s primary role is to get the game on which is key to them as without it they have no relevance and are in danger of becoming redundant themselves.
Keeps the company negotiators and union reps employed I suppose.
How many union officials does it take to change a light bulb?
None, they just sit in the dark complaining about capitalism. But come the light-bulb revolution everything will be brighter.
What price are you expecting Bt to get to Pete, that makes 193p look attractive?
More than 1.93 and in the coming year more than you’d get leaving under the mattress (c-7%) and more than in a savings account (c+1-2%).
I think there’s a fair probability BT will rise at least 5 to 10% in the next 12 months. However there’s is so much unpredictability in the world and there are few certainties with whatever you do with your money- just some probably more likely than others, BT being in that camp right now.
Pete ,
This is why I am not investing further. I have a shed load of Bt shares already and at 150p or lower they are worth adding , but any higher you’re getting less shares and dividends, and when Bt does inevitably drop it takes it a long time to recover. At this price point there’s a lot of waiting to do to get back to 190p so your moneys locked in while you get average dividends.
Yes I am convinced Bt will go to £3.50-4 by 2025 and probably 220-240p in the next 12 months.
But that isn’t enough of a case for me to increase when I have a large holding and there are probably better shares elsewhere now considering current Bt sp
When wages go up too much you tend to find that as people leave or retire, they don't get replaced ....and you end up with fewer people earning more ...rather than previously with more people earning less...
If inflation drops next year then some of the higher paid will then be told there will be no further pay increase for them as they have become above their designated pay level
The stress and pressure and responsibilities gradually end up exactly as they were before
I get your reasoning AP. I absolutely agree If you’ve got ‘shed loads’ it makes sense to be ‘spreading your bets’ rather than putting all in one pot.
Similar to you I have a fair volume of BT and I prefer to diversify than add right now.
That’s in part because whilst in relative terms BT has held up well in the last few months, over the long term they’ve been unpredictable and something of a let down. BT hasn’t always followed logic and any long term holder who needed to cash out would likely have been disappointed.
Having said that I won’t be selling either as I think there’s potential for my current holding to see meaningful growth.
As for your comment about diminishing value, time will tell. Obviously if they were to rise steeply the ‘less shares’ are worth more and both of us may regret not committing further….although you’ll have the consolation of a higher value shed load of course.
At my age I can afford to wait for better share prices to accumulate more. I’m not too concerned with share price at a young age I want plenty divi income . So I just reinvest divi when low or take as profit when over £2.
To accumulate more shares and more divis it’s best to only buy when Bt are low. I don’t buy Bt for a return to £5 per share . As you said they’re unpredictable. Could hit £5 but equally could languish for the next 5 years the way they did the last 5.
I just want out at 220p to leave this dog of a share.
What would you reinvest into?
If you consider it that much of a dog, it probably will never reach 220 will it …
Think you may have confused yourself. If it gets to 2.20 in the foreseeable future it’ll prove it’s anything but a dog.
“ What would you reinvest into?”
Pets at Home?
Unless Bt hit 350-400p again, I’ll be keeping hold of my shares.
Anyone seen Dave ward LBC interview from 3 days ago? 1 hour video on YouTube
Pedigree reply Larry old chum