RE: Class action26 Mar 2024 20:26
Hey Mandy, I don’t necessarily share your concerns about CWU members etc, but everything else seems to make sense to me.
A layperson view of this class action seemed to me to be a non starter? I don’t think there was a case to answer. Proceeding through the courts like this proves otherwise, it would have all Been halted, long before, it that was the case. My gut feel is, having gone to court, almost anything could happen, so it’s the definition of “uncertainty” which of course is good news for the boys who think a low price is good news, even if that price represents a risk to their capital investment. BT is a huge company with huge costs, miss steps by BT can reap all kinds of painful consequences very quickly, because a company of this size can’t change quick enough. Size has its advantages, but in a changing, reducing market &!stiff competition can take its toll. I’m
Not saying I think we are there, but I am saying reducing revenue is a problem which needs solving.
I hope a £250m fine isn’t on its way, it’s better than. £1.6bln, will still hurt & I think it might encourage further action down the road?
Fibre build remains positive, it’s obvious other providers will try to undermine this investment by offering a wholesale option, this worries me more than anything in regards to my significant BT investment, which has come about by me chasing a falling share price funnily enough ?