Member Info for Faultsman

Avrohom, tell us more, your views are so refreshing, funny, and highly entertaining.

"who knows what's going through the minds of the power players"

Thats easy, money, money, and more money, mixed in with a bit of global power and market domination.

Been through it before with BT, and got through it with BT, used to get a bit nervous, and concerned, sold them and bought more, and more and more, all good things come to an end, at least the company are doing something, i am pretty certain its disconcerting and worrying for all the employees at the moment, however none of that is my fault, however I would like to see some positives soon, just got to be patient, the quick buck told you so merchants have had their day with this share, when it rises again, which it will, us long termers will be happy, the SP has been falling for so long I was dreading some hidden bad news, as far as I can see there isn't even a sniff of a rumour as to why its falling so steadily, all the buy outs and poison chat has gone quiet, and it appears its just a natural dislike because its not the dead cert it once was, it will turn round, and I wont be surprised when a dividend cut is announced. It will come back, as it has previously.

It was a pun faultsman, I know I work for openreach and I won’t get into a slanging match .

Missed the pun, just read it exactly as you wrote it.

Lioanalkipper, I see you suffer the same confusion the majority of the population do, BT and Openreach are two different company's, you do not work for BT anymore, you work for and are employed by Openreach , you don't work for BT and Openreach, you may have a BT pension due if your lucky, and now you work for Openreach you will also have your retirement savings club money, that is hopefully worth more than you paid in, if your really lucky.

Hi Lionalkipper, nice rant, or was it a question, not sure. Good job.

Avrohm, thanks for the running commentary. Shares are down, BT are useless, et cetera, have you ever considered you come across as a somewhat self righteous frightful bore. No need for a reply of any form, just thought I would pop in and let you know my feelings, just like you do, on a daily basis, over and over. I bought more shares today, lots a shares, hope you dont mind.

The whiny "stock market specialists" that came to BT to make a quick buck all seem to be rather bitter, they all know for a fact that BT is bankrupt, losing contracts, closing down, useless bla bla bla, but they still went ahead and bought in, why didn't they use their all knowing foresight to start with?.

Im a long term investor, and I hate to say it but I have enjoyed the low price as I have reinvested substantially and see it as a win win, plenty of years left to recover, I wonder how many employees have ditched their shares from the employee scheme as the price is probably substantially lower than the price they can get them for after the term ends. The kitchen sinking and rebuilding of the company is going ahead full steam, once stream lined and de clutered the only way to win back the customer base they once had would be to slaughter the price or give people something they cant refuse, time will tell, but the futures catching up fast and should be hear soon!, you cant deliver good news while the cull is still going on.

GBern,
"many of us who visit this forum prefer some genuine news or ideas about the share price"
Feel free to contribute at any time, or have you come on just to lay down the law?

http://poundf.co.uk/bt-share-price-forecast its been remarkably accurate for a very long time.

Avrohm, he was BT chief toilet attendant, they sold all the urinals and things aint been the same since. Taken it personal as he thinks its BT taking the ****er.

Theres no real difficulty in removing it, sections are removed every day, and its having to be removed and replaced due to being damaged by the fibre ducts that are being installed by contractors all over the UK, you must have seen the contractors with blue rope, going across road junctions, down footpaths and down live working roads, they normally have zero PPE and just leave the boxes unguarded, you cant miss them, when they cant get the rope through they tie it to the back of their van and drive it down the road, it then burns through the in-situ copper cable, they drive off when finished and leave BT to pick up the bill for the repairs.

Bt had to don their oven gloves juggling the hot potato that Openreach became the day it was formed. They would have dropped it the second they could, Ofcom said no, and after having his arm twisted behind his back the CEO got round it by shedding a crocodile tear saying he wanted to keep Openreach and it would a bad thing if it was split, he said this after the outcome was decided by Ofcom.
Leases and covenants, do you really think thats the the reason for not transferring the ownership of a huge pile of scrap copper thats estimated to be worth between 40 and 50 billion pounds? Assets controlled by Openreach alone, and paid for by who?, paid for by BY its not a secret!
Openreach staff do not earn their wages, they cost more to run than they earn, they would fold at the end of the first week if they was fully independent. All views are my own opinion, feel free to discuss, remember that sentiment for this share is failing for no apparent reason according to some.

Yes fleccy, I agree you clarified things, after myself, then NDN corrected you. I must say your speculation about BT giving the network to Openreach in my opinion will never happen, Openreach to BT are the company they currently have to (read forced) to employ to work on their network, believe me if they can get someone to do it cheaper they will, (and do) once legacy network is gone I think Openreach will be as well. BT are unlikely to hand over their single biggest asset to another company. Personally I don't think Ofocm have finished with BT or Openreach yet, its only gone quiet due to government having bigger fish to fry at the moment. I am in deep with BT however I think it may be at least 10 years to make a turn round as the company is being reborn and kitchen sinked at the same time. I just hope the divi is not dropped for to long.
I can see Openreach being absorbed or given away to a large contracts company , keep the name for a year then change it and water down the staffs contracts after tupe and hey presto we dont need you any more but thanks for coming. I could be wrong, I dont care about short term SP just dont mess with divis, reinvestment time.

I find it strange that some people seem to excel in getting the most basic facts wrong, and then build a vision on it and then talk about it like a champ. Not that it matters, after all it works for the PM.

And as you may or may not be aware once the closure of PSTN is completed and a national fibre network is built BT can put their equipment in the streets (as it already is) and do away with renting the exchange space, they wont need any of them.
This is nothing new or original, the entire thing is a carbon copy of what certain other countries have already done. Unfortunately you don't need 30000 engineers after that, you just get a lot of zero hour contractors to sort things as and when.

NDN Fleccy said,
Openreach own the wires, ducts, Fibres, street cabinets, etc, making up the physical telecom connective infrastructure.
Thats incorrect. BT own that.
BT also own there own equipment in the exchanges which is worked on and maintained by BT staff. BT Operate, which is made up of high pay grade staff.
They do not own or work on other service providers that keep their equipment in the same BT exchanges.

The tooling and indeed the uniform the Openreach engineers wear is owned and supplied by BT, BT also pay the Openreach personnel wages. Openreach are a legally separate company but wholly owned by BT. As long as the copper network has a value in scrap that substantially outweighs the value of the entire company they are highly unlikely to give it away.

BT own the all the stuff you mention, Openreach maintain and install it.