Member Info for fleccy

"This product sounds like a gimmick to me"

It isn't a gimmick, it's a product aimed at companies that'll increasingly be required by law to secure their data under the UK's GDPR and Data Protection Act. Data sovereignty and encryption are separate things. My Son is software developer at a big international law firm and sits in meetings with US software providers, he tells me that the providers are shown the door unless their application servers are located in the UK and they can guarantee that no data is routed or stored beyond UK borders, more often than not they don't get a service contract.

I think it's safe to say that oil related stocks will see significant share price increases next week.

Just realised you meant the big bowl 😜

https://i.postimg.cc/9X14Ms9f/Vod.jpg

I think I can see it and it's looking quite fruity too 🍌

https://i.postimg.cc/KzFfDCQ9/VOD.jpg

Https://newsroom.bt.com/bt-launches-new-sovereign-voice-product-for-uk-businesses/#

"Unlike standard cloud voice services, Sovereign Voice ensures all call routing remains within UK borders"

I'm not sure how WB could be worth so much, unless Paramount/Netflix want to leverage historic WB Intellectual property to produce new content through AI. Clearly AI will open up massive opportunities to produce new content from older material.

https://www.youtube.com/watch?v=fbVv0ZPk0fw

When it comes to investing, timing is everything. For anyone who invested in RR around 2020, then they played a blinder, but most would have bailed well before the current price. The Max year chart says it all, I can't imagine RR will repeat the performance over the last 6 years. RR's performance follows a similar pattern to a US tech company on the Nasdaq, rather than a UK manufacturer and Air Engine service provider, RR's even exceeding the performance of Nasdaq darling Palantir.

https://www.google.com/finance/quote/RR:LON?sca_esv=9f3d0c3cfe4abe67&rlz=1C1CHBD_en-GBGB882GB882&biw=1280&bih=559&output=search&source=lnms&fbs=ADc_l-aN0CWEZBOHjofHoaMMDiKpWuJzWbn6y2Zf42jFClqc7x0FVaZIfU7wniMvXQjTYSeJ63cP8ULKjFLYrChD1nx5sqKInpNsLeB03WZMxMOlBzVxagYR1ljzTU4hVnoh3EhyWYWMSCLRcEdZV3I01jnH2BUAf6hv1bLRJgk8-P_kEsaFEuly4rE8Ix5YUwBAtKZDeQHm4cZ2H45VikuXAK-ZluQcCA&sa=X&ved=2ahUKEwiFwbLVvPeSAxUmT0EAHeW2OFkQ0pQJegQIFRAB&window=MAX&comparison=NASDAQ%3APLTR

Good luck to you if you intend to hold going forward, I just think the price will be sensitive to any negativity following such a meteoric rise. I get the hype around SMR's and the the more recent talk about building UltraFan Engines, but new developments tend to require CAPEX and I'll be surprised if the Government will subsidise RR when the company is spending Billions buying back stock. As you noted I'm a value dividend investor, relying on buying dividend stocks cheaply and then reinvesting dividends to realise growth through compounding; It's something I've done for many many years and it's served me well. Companies are considered a growth stock until they're not, and momentum can work both ways.

So are you saying that RR will see a further 1000% return over the next 3 years? As I said RR is priced to perfection and BT's cash flow projection up to 2030 is only £2 Billion below RR's targeted 2028 cashflow, personally I believe BT will realise £3 Billion cashflow by 2028 anyway. RR's current share price at £1.352 means you can buy 6.5 shares in BT vs 1 RR share and BT's annual dividend for 2026 is expected to be around 8.3p and RR's around 11p; 6.5 x 8.3p = 53.9p; So the dividend payout for a £10,000 cash investment in BT would pay an annual dividend of £400, with the same amount of cash invested in RR returning an annual dividend of around £81. BP is arguably even more undervalued compared to RR.

The only reasons I can think of, is an attempt to hold the share price and benefit institutional shareholders who own 80% of the company and prefer capital gain over dividend income; And possibly enhance bonus payouts for upper management.

But why are they buying back shares at historic highs, when the dividend yield is pathetic? Rolls Royce shares are priced for perfection and share buybacks don't guarantee the share price will keep rising. Rolls Royce is now valued at more than BP and BT combined, with a vastly inferior dividend yield. Why would anyone consider buying Rolls Royce at the current price, when they could realise less risk and growth like compounded returns from dividend reinvestment in value dividend stocks like BP and BT?

I think these are fair questions and aren't aimed at criticising RR, which I believe is a great company

But you said this Mikey:

"Examples that are not confirmed facts as presented:

“Consultancy fee increased from £12,500 to £16,250”

“One-off performance fee of £100,000”

“10% commission on funds recovered from legacy assets”

Specific annual totals like “€288,000 in 2023”

These figures are not published in RNS or audited accounts and appear generated from AI not official disclosure"

And I've just shown you that the figures you said weren't published clearly are, so why did you say they aren't? For someone who claims to understand QBT's business model and financial disclosures, I would have thought you'd instantly recognise the figures AI found. I seem to have a better idea of QBT's disclosures than you do and I only look in intermittently.

Anything to add Mikey, or are you suggesting that QBT's RNS's "appear generated from AI not official disclosure"? 😜

From 2024 Final Results:

"During the year, Infusion 2009 Limited, a company in which F Gardin is a Director, charged Quantum Blockchain Technologies Plc €288,000 (2022: €200,000) for consulting company fees for R&D coordination. The amount owed to Infusion 2009 Limited at year end is €nil (2022: €34,000)"

https://www.lse.co.uk/rns/QBT/final-results-xcnq0ek1m2xdn63.html

Looks like AI is better than you at looking stuff up than you Mikey, can I recommend specsavers? 🤓 The text in the PRN/RNS's will be easier for you to read.

Mickey it's in the 2025 Final results RNS/PRN, you're obviously 😕DYOR

https://www.lse.co.uk/rns/QBT/final-results-sh5dueazefi3n9u.html

"As announced on 1 August 2024, the Company entered into a consultancy agreement effective from 1 January 2022, with Infusion (2009) Limited (“Infusion”), an English company controlled by Professor Francesco Gardin, the Company’s chairman and chief executive. Under the consultancy agreement, Infusion provides the services of Professor Gardin as chief research officer.

The Company’s board (excluding Professor Gardin), to reflect the level and nature of Professor Gardin’s input into the Company’s research programmes, agreed to increase the monthly consultancy fee payable to Infusion from £12,500 to £16,250 with effect from 1 January 2024. The Company also awarded an additional fee of £100,000 to reflect the contribution made by Professor Gardin to the Company’s research programmes during 2024.

In addition, Professor Gardin assigned to Infusion his rights to a payment of 10% commission in respect of funds recovered from SIPIEM and Sosushi, Mediapolis and Geosim (four of the Company's legacy assets), as set out in Francesco Gardin’s original July 2015 letter of appointment, reconfirmed in April 2021."

All I've seen from QBT, for the years I've been watching the company, is narrative without substance. No tangible proof of progress and no revenue, just occasional pumping PRN's sometimes followed by placing's. Does anyone really believe this company will reward long term shareholders? Some people are making money out this stock, unfortunately they don't appear to be the long suffering shareholders. As much as I accept that someone should earn a wage for doing a job, I'm not sure this company can justify the wages it pays to Professor Gardin; While long term shareholders are crying into their soup, he appears to be laughing all the way to the bank. I wish I could find a high paying job that appears to have no responsibility related to performance and paying out a healthy annual wage. If QBT fails, Gardin might lose out on his shares, but he'll walk away with a very healthy bank account going off the amount of cash QBT are reported to be paying him through various vehicles.

From AI:

"how much is professor gardin earning from quantum blockchain technologies through various payment vehicles

Professor Francesco Gardin, CEO and Executive Chairman of Quantum Blockchain Technologies (QBT), receives compensation through multiple vehicles, primarily via consultancy fees paid to his company, Infusion, rather than as a direct salary. As of the most recent financial reports in 2025, his annualised consultancy earnings total £195,000, supplemented by one-off performance fees and commission rights.

London Stock Exchange

Breakdown of Compensation Vehicles

Consultancy Fees (via Infusion): Effective 1 January 2024, Gardin's monthly consultancy fee was increased from £12,500 to £16,250. This equates to a base annual earning of £195,000.

Performance Bonuses: For his contributions during 2024, the board awarded an additional one-off fee of £100,000.

Commission Rights: Gardin holds rights to a 10% commission on funds recovered from the company's legacy assets (specifically SIPIEM, Sosushi, Mediapolis, and Geosim).

Equity & Share Options: As of July 2025, Gardin beneficially owns 29,284,149 ordinary shares (approximately 2.00% of the company). He also manages a Sale & Repurchase Agreement (REPO) for an additional 5,000,000 shares, which was extended to 31 December 2025.

London Stock Exchange

Historical Earnings Context

The total amounts paid to Infusion for Gardin's services have fluctuated based on discretionary board awards:

2023: €288,000 total.

2022: €200,000 total"

Honestly Bidboy, your technical understanding is below a school physics student. Current optical fibre's are carrying a miniscule amount of traffic compared to their capability. The fact you mention Starlink, as though it could compete with Fibre on bandwidth capacity, shows even more ignorance. If you don't believe me do your own research comparing various communication technologies bandwidth capabilities. Some of the new hollow core optical fibre's could support even higher bandwidths than standard single mode fibre's, and have better latency characteristics. We've covered all of this before, I'm not sure if you're pretending to be stupid, or if you're being serious.

"When AI really gets going, fibre alone won't be able to serve new bandwidth thirsty apps"

If you don't know what you're talking about then you should do research before posting incorrect rubbish. Fibre is the most bandwidth capable access technology available, unless you've cracked communication via subspace (Star Trek style).

"what is the theoretical bandwidth capability of a single fibre

The theoretical bandwidth capability of a single optical fibre is generally considered limitless from a purely conceptual standpoint, but physics-based calculations and recent world records define its actual boundaries:

Theoretical Physics Limit: Based on the 100 THz spectral window of single-mode silica glass, a single fibre strand conceptually supports roughly 100 Terabits per second (Tbps) for conventional bands.

Calculated Channel Capacity: Using the Shannon-Hartley Theorem, the theoretical maximum for a 200 THz window (800nm to 1700nm) is approximately 1,000 Tbps (1 Petabit per second), assuming a specific signal-to-noise ratio and optimal error correction.

Current World Record (Single-Core): In 2024, researchers at the National Institute of Information and Communications Technology (NICT) achieved a record 402 Tbps on a standard, commercially available single-mode fibre by utilizing all six low-loss transmission bands (O, E, S, C, L, and U).

Advanced Multi-Core Limit: By moving beyond a single core to "multi-core" or "space-division multiplexing" within a single strand, researchers have demonstrated speeds up to 22.9 Petabits per second (Pbps)"

The guy in this video says he has a CIA contact who's told him an attack has been authorised and it'll take place on Monday or Tuesday:

https://www.youtube.com/watch?v=58OHE-hkSIw

"Nothing works in business if you don’t address revenue. Revenue decline is just decline, pure and simple"

Revenue is the metric the market associates with growth, but everyone knows that BT's revenue was going to drop as competition grows. Other arguably more important metrics are Net Profit and Cash Flow, you can grow revenue but increase losses at the same time, as is happening with many of the Altnets; It's positive Net profit and cash flow that allows companies to reduce debt and pay dividends. Even though BT's revenue has been dropping, due to the regulatory environment giving Altnet's a leg up, BT's Net profit and Cash Flow is forecast to grow due to projected cost saving's. All BT has to do is reduce Net Debt and increase cash flow, until such a point that OFCOM decides BT has lost sufficient market power and lifts regulation. Once OFCOM lifts regulation on BT, then true competition will take place and the survivors will be the ones with the largest Net Profit's/Cash Flow and lowest Net Debt. I'm betting BT will be a long term winner, the doom mongers should sell out and move on if they believe the opposite; Assuming they are actual BT investors and not just spam merchants looking for raise out of genuine holders.

"BT Group estimates it will realise approximately £1 billion to £1.5 billion from the sale of redundant copper following the Public Switched Telephone Network (PSTN) switch-off.

The Guardian

Key details of the recovery program include:

Total Copper Volume: BT expects to extract around 200,000 tonnes of copper as it replaces the old network with full-fibre through the 2030s.

Initial Realisation: As of late 2024, BT has already secured an upfront payment of £105 million through a forward agreement for approximately 3,300 tonnes of extracted copper.

Recovery Efficiency: Openreach has stated that recovering the cables generates a net income even after accounting for the costs of extraction and processing.

Electronic Circuit Boards: While high-grade PCB scrap can be worth over $10,000 per ton due to precious metals like gold and silver, specific total revenue projections for BT’s circuit board scrap are not publicly disclosed separately from the broader "exchange clearance" operation.

Market Sensitivity: The final cash value depends on global copper prices, which are projected to rise as demand for the metal grows for use in electric vehicles and renewable energy.

The Guardian

The PSTN switch-off is currently scheduled to be completed by 31 January 2027.

GOV.UK"

I expect that "£1 billion to £1.5 billion" will cover the cost of redundancies and reskilling staff where necessary.

The costs associated with Agentic AI will be an ongoing operational cost and use cases will depend on saving's through staff replacement , or productivity improvements, it wouldn't make sense to replace a role if it doesn't save money; Also you don't have to pay sickness benefit, holiday pay, overtime, or pension benefits to an AI agent. Telecom companies won't build their own Agentic AI systems, they'll just use services offered by the hyperscalers, an AI Agent can operate 24/7 365 days of the year and could likely replace three staff who might work a 24 hour Shift Rota. As Agentic AI improves it'll probably be able to answer phones, take and answer queries as well as run diagnostic tests for fault isolation on the network; I imagine it'll eventually replace call centre roles throughout industry, not just in Telecoms. It wont replace Field Engineers, but an FTTP network wont require nearly as much Engineer resource.