In aim you tend to loose your money in a short time period. BT has a much cleverer strategy it gets you to reinvest your dividends over the years and at the same time assuring that the capital loss will be far far greater then all the the accumulated dividends.
TLW you are very right of not having a knee jerk reaction to every down ward move and the need of taking a long term view. If however the sp keeps on going down and the trend is consistent it might be a time to get out. Three years ago when the SP initially fell from £5 many took the view that it was unwise to sell as one needed to take a long term view.
I do believe that there will be a point that BT will bottom out and start to realise. The million dollar question is it now.
RE: General Election to be called03 Sep 2019 09:27
On balance a Labour government might be better for BT at its present level.
Corbyn may decide to denationalise BT and pay us all £4.10 the sup we last all paid lol.
On a serious note I doubt it would be any worse. If BT were to be re nationalisedI doubt they would pay us less then £2. They might in fact become more protectionist. Then it would be worse for our competitors which will only make it better for us.
Lets not over react. 75 is probably over the top but 70 sounds very reasonable. Life expectancy is rising all the time. A child born today has a 1 in 4 chance of living until 100. With all the criticism of the NHS much of it justified. Our health is improving all the time. It is only logical to look at state pensions. Many of the worlds leaders are well past retirement age. The Queen, Prince Charles, Putin, Merkel and Netanyahu to name a few. Even our potential next PM Corbyn is a sprightly 70.
RE: How the pension mess came into being28 Aug 2019 22:40
Thanks for that Velo.
Another question when BT buys its own shares, Do they get the dividends or do they just cancel them.
I take your point about mentioning names. I will endeavour to stop. I am just human and I was just reacting to some of the abuse coming from certain quarters. I have been called the village idiot and told that I was unpatriotic and probably from East Germany etc.
RE: Positivity during the long haul ahead.28 Aug 2019 22:02
TL, Can I make a constructive observation. I note all the shares you have mentioned. IAG, LLoyds, BT and VOD all are good dividend players but are also all are near their year lows. You also mention that you have 14% invested in BT. I would humbly suggest that you spread your investments a little wider. I would avoid having more then 4% in any particular stock. I recently sold part of my Diageo holding as it was 10% of my holding. I am not for one second being critical of your investment strategy are tellin you what to do I have just made an observation.
RE: How the pension mess came into being27 Aug 2019 23:47
Thanks for that.
I do go on a bit of how bad BT's workforce and management are. You must agree with the benefit of hindsight that BT's policy of buying back their own shares was sheer madness. Probably like Fleccy and his cronies on here Gavin thought they were a huge bargain.
Velo, Is it possible to find out what price Gavin paid for each share.
RE: Observations on Two Sides to Every Debate.27 Aug 2019 16:57
No need to get abusive. I do not want to get personal but I think I know you. Do you by any chance work in the customer relations department. When ever I called customer relations someone with an attitude like yours answered. When ever Ioffered constructive criticism the response was always abuse.
RE: Observations on Two Sides to Every Debate.27 Aug 2019 16:51
Thanks for that. I love your posts (even if they do go on a bit). You seem to be one of the more sensible on here. You also have the ability to disagree without getting abusive.
Some of the guys on here take themselves very seriously. Quite a few of the work for BT (or have i9n the past) and when I see some of their comments and how abusive they get I start to completely understand why BT is such a mess.
RE: Observations on Two Sides to Every Debate.27 Aug 2019 11:58
Lets be honest a company like BT is unlikely to have a gearing of 190% their banks would not allow it. ULVR is an exciting company with an established track record. I doubt if their bankers are pressuring them to lower the dividend as is now happening in BT. I know for a fact that BT's bankers are insisting that the dividend is substantially reduced.