Member Info for fleccy

"Is the intention of your 12.49 post to prove you can add and multiply.
However , such virtues don't really cut the mustard when it comes to making shrewd investment decisions. They only come into play AFTER you have made the investment decision."

John, I didn't do any adding or multiplying in the 12:49 post; You must be referring to the copy and paste, in quotes, from the article I linked to at the bottom of the post.

Tell me John, how do you make shrewd investment decisions without a crystal ball? There's no reason why Telecoms have underperformed over the last 5 years, other than the market power players have deemed it so. My opinion is, at some point Telecoms will see a re-rating with big jumps in the valuations within the sector. People forget that big tech's business model is totally reliant on Telecom infrastructure, at some point the market will have to recognise that.
In my 20 odd years of investing, I've rarely picked stocks that've immediately outperformed. My most memorable trade was the Vodafone takeover of Cable & Wireless Worldwide, where Vodafone payed around 38p a share, in cash; I immediately reinvested the money back into Vodafone shares around 160p, soon after Vodafone announced the sale of their stake in Verizon Wireless to Verizon Communications; As well as profiting from my CWW shares, I saw a profit of around 38% on the VOD shares in short order, selling around 220p. Most of my other trades have been more mediocre, usually underperforming after my purchases, but moving well into profit before I sold. The bottom line is, I've never lost money on my trades, so I must be doing something right even though I hit bumps and troughs on my investment journey. Unlike DT, I haven't got the luck to pick stocks that double in value soon after I purchase them, then again neither do the professionals; DT should apply for a job at Morgan Stanley, since he appears to stock pick better than 99% of fund managers at the top US banks.

"I do apologize Fleccy , i meant when you worked for the GPO"

Strange you should think the GPO was a BT competitor. BT and the Postal service both originated from the GPO, and since I've never worked for BT, and BT formed out of the GPO, and the GPO split in 1969 when I was no where near working age, you obviously haven't thought it through.

https://en.wikipedia.org/wiki/General_Post_Office

"Id sooner buy a stock that i think will rise, rather than bumble along or decline (BT, VOD, Lloy), such as Glen (others are availible), have the value double in a year or two."

Wouldn't we all, but how would you know what's going to "double" and what's going to "bumble along"?
I'm not being funny, but Warren Buffet said "if you don't feel comfortable owning a stock for 10 years, you shouldn't own it for 10 minutes"; The reason he said that is because no one can predict the direction of a stock, or sector, and the market can surprise either way. I also agree with John Maynard Keynes, who said “Markets can stay irrational longer than you can stay solvent", except in my case I can stay solvent for as long as it takes. I consider myself unlucky with the timing of my initial investment, but my strategy will pay off in years to come. If Lloyds, Vodafone, and BT, go bust, then it's pretty much game over for everything, since it would only happen if the whole system collapses, with Gold being the only safe asset, until someone robs you of it.
You've been very lucky in timing your buys DT, the reason I say lucky is because of your performance around holding your Ryanair stock when you clearly should have sold at €18, and took the 11% hit off your target price. If it manages to climb back to €18, will you sell? Or hold out for the extra €2 per share? I know what I'd do.

"It's a simple contract. I agreed to take redundancy on the terms offered. If they change the terms after however long they are in breach of contract. Simple."

I'm not a Lawyer, but I don't see how they'd be in breach of contact if RPI ceased to exist. Don't forget, not only the pay rises would change based on CPIH, but also the Government Bonds held as assets within the scheme. My guess is you wouldn't have a case.

"So Fleccy when you worked for BT , I'm guessing you were a management stooge. You never show any empathy for the workers you claim to have once been"

When did I say I worked for BT? You're making assumptions. You can go back through my entire posting history, and you wont find any post where I said I worked for BT, I actually worked for some of their competitors.

"Jansen earns 24 x Dave Wards earnings - indefensible and shameful"

Jansen's job is probably 50 times harder than Dave Wards. Jansen is answerable for the performance of a FTSE100 company with revenues of more than £20 Billion a year, and has to take responsibility for the success, or failure, of BT. Jansen's already rich, so people like him take on CEO roles for the challenge of making something of the companies they're running.
The Unions are politically motivated to cause as much grief as possible, in my opinion, in order to bring down the Tory Government, or justify their existence in a country far removed from the 1970's. Honestly, it wouldn't surprise me if they lose this ballot, as BT's pay offer seems fair.

Nothing to say about how much Union Bosses earn Phatkatzout?

"Fleccy you don't sound like someone that is really concerned about people not being able to afford there Mortgage. You sound more like someone that is obsessed with the value of your considerable BT share portfolio"

I'm not rich Phat, I've just made sure I've lived within my means. I'm working class and worked all hours under the sun, much of my current "considerable portfolio" is paid for with years of accumulated overtime payments, earned during my working life as a Field Engineer. I finshed working in 2019, made redundant, and started drawing my pension last year (2021), on a pension below £20,000 a year, so I have no sympathy for those who overstretch their finances. In 1988 I was earning £9,300 a year, and was earning around £50,000 when I was made redundant in 2019.
Does your username "Phatkatzout" include people like Dave Ward, General Secretary of the CWU?

"Around 115,000 Communication Workers Union (CWU) members will be voting on the industrial action.
The union's General Secretary is Dave Ward, who enjoyed a pay deal of £143,000 in the year ending December 2019 - the latest figures available from the TaxPayers' Alliance."

https://www.dailymail.co.uk/news/article-10945175/The-union-fat-cats-make-four-times-members-salaries.html

Most of my career, I haven't earned close to a third of £143,000, but you don't read me whingeing about my LOT (in life). I bet I've put in more hours than Dave Ward, and earned a lot less, so maybe you should write to him and have a go.

How many use food banks because they're overstretched on their mortgages?
A wage-price inflation spiral, will cause big increases in Interest Rates by the BOE; Food banks wont help those on the edge when their mortgage repayments go through the roof.

"I hope your "dividend" advice is better sourced."

Speaking of Dividends John, I've just been looking at my upcoming Divi's.
I've got 4.5 Eurocent (3.9p) per share Dividend due from Vodafone, on the 5th August. That'll give me £1,713 in the ISA's available to reinvest immediately, and £1,354 transferred out of the standard sharedealing accounts, ready for next April.

Then there's a 5.39p per share BT dividend due on the 12th Sep, which will give £1,692 in the ISA's to invest immediately, with £2,488 transferred from the standard sharedealing accounts ready for next April.

Currently I'm ploughing my dividend reinvestments into Lloyds; So assuming the Lloyds share price remains below 45p, between now and mid September, I could purchase at least 7,506 Lloyds shares with the ISA dividends, taking me up to around 392,000 Lloyds shares. I'll reinvest the next Lloyds dividend back into Lloyds, whatever and whenever that is, until I hit around 400,000 Lloyds shares.
I don't understand why all retail shareholders don't invest in dividend stocks, it's a no brainer as far as I'm concerned.

"I hope your "dividend" advice is better sourced"

There are loads of articles discussing the advantages of dividend reinvestment. As I've said on may occasions, dividend reinvestment can be viewed as a form of growth.

"For example, if an investor owns 10 shares of a stock or mutual fund valued at $5 a share, and the stock or fund pays out a 50-cent dividend, an investor reinvesting dividends can take that dividend payment ($5 total) and purchase another share. An investor taking cash may simply use that $5 however they wish.
Reinvesting dividends has the potential to accelerate growth of capital. For example, in the aforementioned case, let’s say the investor who reinvested dividends now has 11 shares, at a total of $55. If the stock climbs to $6 a share, the investor now has a total asset value of $66. The investor who took dividends in cash would have 10 shares worth $60 and $5 in cash for a total value of $65.
Investors who reinvest dividends may also benefit should a stock or fund decline in value temporarily. If a stock or fund declines to $4 a share, those 11 shares are worth $44. However, if the stock or fund pays out another 50-cent dividend, the investor can purchase 1.375 shares through reinvestment, for a total of 12.375 shares. (Partial share purchases through dividend reinvestment are common for mutual funds.) Should the share price climb back to $5, the total value of 12.375 shares now stands at $61.875. The investor who took dividends in cash would have 10 shares valued at $5, plus $10 from two dividend payments, for a total of $60."

https://www.capitalgroup.com/individual/planning/investing-fundamentals/rewards-of-reinvesting-dividends.html

"soon after BlackRock ups their holdings quote significantly! "

They only up'd from 6.98% to 7.06%, an increase of 0.08%

"This meant the average person is now spending £57 per month on energy bills – up from £47 since the start of the year."

Not sure what that sentence means, as normally I'd expect the figure to be per household. We try and conseve energy in our house, and our combined gas and electricity bill has increased by £76 per month, not £6 a month as quoted in the article.
Anyone know where they get their figure from?

"are you sure you got the right woman. In my experience the bride's nightie comes down just once and stays down"

I didn't make that one up John, you'll have to email John Shuttleworth and ask him, unless John Shuttleworth's your pseudonym?

https://sonichits.com/video/John_Shuttleworth/Up_and_Down_Like_a_Bride's_Nightie?track=1

"Anybody got subscription to the Times. For the remainder"

I wouldn't bother with the article Larry, a lot of the consequences of replacing RPI with CPIH were discused in 2020. I seem to remember that the BTPS would see an increase in the deficit, due to their inflation hedging through holding index linked bonds. This explains the general consequences in detail:

"The overall effect on schemes of the change, barring mitigating measures, is likely to be an increase in scheme deficits, although the magnitude of the increase will depend on many factors. Overall, two main factors, aside from the date of the change, will affect the impact on scheme deficits:

The proportion of RPI-linked assets held by the scheme
The proportion of benefits which they inflate or revalue by RPI."

https://www.pensionspolicyinstitute.org.uk/media/3466/20200401-how-could-changes-to-price-indices-affect-db-schemes.pdf

My guess is the pension schemes are already adjusting their funding/assets, in preparation for 2030. If the decision is reversed, there's a possibility that the deficit may be reduced due to hedging already carried out. I read an article stating that it's unlikely the pension schemes would win this.

"It's an extraordinary outperformance."

The 5 year chart is quite extraordinary, Ryanair has been up and down like a brides nightie since 2017. Hard to know if it'll drop back to Aug 2019 levels, but there was also threatened strike action then, probably driving the price down.

"Why are you so caught up in DT's investment in Ryaanair ??"

Just trying to understand his reasoning for not selling at €18, and holding out for the extra €2 (11.1%) irrespective of how long it takes to get there.

"Your last 3 posts have made no reference to dividends - How come ?"

Because I know the word upsets you John, and I'm sensitive to other people's feelings.

"What's the most amount of times you've done some bird in one night"

You asking me how much comPOUNDING i've managed in a single transaction? I'm not sure I'll have to check my spreadsheet lol.

"Fleccy
Let's talk about the share price then .
You start ."

Not much to say, Extremely undervalued stock, expecting it will climb back into the 50's/60's/70's in the coming years.

I wonder why they didn't do something like this months ago.

https://www.google.com/finance/quote/BITI:TSE?sa=X&ved=2ahUKEwiS9fSC-L74AhVNhFwKHd_kDIIQ_AUoA3oECAIQDQ