Member Info for fleccy

"Opex/capex aside, I think the pension will also come under pressure again with inflation running ~7% and most of the funds invested in bonds."

I think the inflation rate will increase the deficit, but hedging is in place and the pension increases are capped at 5%, I believe. As far as the Electricity bill, BT recently stated that they use 100% renewable, so I assume that doesn't include fossil fuels, therefore the electricity bill may be hedged to a certain extent. Any business with a field force will be impacted by fuel rises, it's just the cost of doing business.

Typo "secuse", I meant secure.

"It is currently possible to borrow £1m at 1.8%, and save at 2.4%.
Tens of thousands of pounds of free money."

I'd like to see the links backing that up, and it begs the questions:
1) You could only borrow a million, if you already had the assets to back the loan, would you risk your house?

2) How long would you have to tie the money up to secuse such an interest rate?

I would think it involves risk, there's no easy money imo. As do that, you might as well invest in high yield safe'ish stocks.

"If all the savers/depositors withdrew all their money the banks would be fecked."

The Banks have been getting away with low interest rate savings accounts because their customers have been unwilling to swap to new banks. I applied for a higher interest savings account, with one of the newer banks a few years back, and was asked to complete onerous anti money laundering documentation, needless to say it put me off. We're mostly investing in shares in our household, as even a 1.5% Chase account doesn't compete with over 4% yield from investing in Lloyds, or 6% yield from an investment in VOD.

"If anybody is up for the semi serious sp prediction for next Friday close, Please post before Monday open."

It would have to be a pure guess in view of the situation in Ukraine and Russia.
Previous years show as:

Date.........Open . High . Low . . .Close
01/04/2019 141.28 142.78 139.62 141.88
02/04/2019 142.00 142.44 140.46 142.2
03/04/2019 142.06 144.16 141.52 143.68
04/04/2019 143.78 144.94 142.76 144.46
05/04/2019 144.80 144.96 140.38 141.34

Date........Open . High . . Low . . .Close
01/04/2020 109.42 112.30 108.20 109.6
02/04/2020 110.00 112.02 108.00 110.3
03/04/2020 109.98 111.16 107.48 111.02
06/04/2020 111.40 116.72 111.26 116.56

Date . . . . . . Open . High . . Low . . Close
01/04/2021 132.54 134.14 132.00 133.66
06/04/2021 133.50 134.82 133.14 134.62

Looking at the above, the price has been consistently higher going into the new tax year. My guess would 1 to 3p higher, at next Fridays close, so approximately:

128p

"Very unlikely to happen though"

Bank takeovers/mergers wouldn't take place without a green light from Governments. Since Lloyds is so heavily tied to the UK mortgage and loans market, I would say it's virtually impossible that the UK Government would green light any takeover of a Bank the size of Lloyds. Just wont happen imo.

"purchases" Purchasers I meant

"fleccy
I read in the press that Putin was dropping the threat to take payments in Roubles for gas exports?"

It's some sort of frig apparently, where the purchases need to open two accounts, one in the purchase currency and another in Roubles, with an authorisation to sell the foreign currency for Roubles. In reality, It's just the same as purchasing in Roubles,

For us it's dictated by the ISA limit, but we're awaiting the 6th April too, and it's Fleccy lol.

I'm not so sure if Putin signing an order for payments in Roubles, wont cause market drops going into next week. Might have been worth waiting until next week.

"Probably a good call, as Putin has signed an order re: gas payments in Roubles from tomorrow."

I may see my 41p Lloyds ISA top up on the 6th April , here's hoping.

"triggered at 46.947"

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

Lol

"it is an ORDER - like putting in a share limit purchase order at below a current price."

That isn't how you worded it, you said "in at 46.95", you didn't say I've placed an order for 46.95.

"oh dear oh dear X 3"

I haven't accused you of anything, I'm just asking you to explain.

"in at 46.95"

How does that work? When the lowest price today is currently showing as 47.44p.

"Would need to be one of the US or Chinese giants that currently do not have any UK exposure"

China no chance, US highly unlikely.

"How did Santander buy Abbey National?"

We were in the EU when that takeover took place, and wasn't considered a foreign takeover since the UK and Spain were both members of the single market.

No, it would be very difficult for a foreign company to take over a bank. Bank's are tied to the financial stability of the host country, so the authorities would make such an event almost impossible.

Missed one of the links

https://www.glassdoor.co.uk/Salary/BT-Engineer-Salaries-E3463_D_KO3,11.htm

I didn't work for BT, but I thought I'd look up the average salary and see who'd benefit from the across the board £1200 pay offer.

Customer Service
"The average BT salary ranges from approximately £16,179 per year for Senior Customer Service Representative to £33,754 per year for Retentions Advisor.
Salary information comes from 177 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
Please note that all salary figures are approximations based upon third party submissions to Indeed. These figures are given to the Indeed users for the purpose of generalised comparison only. Minimum wage may differ by jurisdiction and you should consult the employer for actual salary figures."

https://uk.indeed.com/cmp/Bt/salaries?job_category=customer

"How much does a Engineer at BT make?
The typical BT Engineer salary is £35,802 per year. Engineer salaries at BT can range from £21,118 - £54,048 per year. This estimate is based upon 44 BT Engineer salary report(s) provided by employees or estimated based upon statistical methods. When factoring in bonuses and additional compensation, a Engineer at BT can expect to make an average total pay of £35,802 per year."

The £1200 offer works out at a pay increase of 4% for anyone on £30,000, so a higher percentage for anyone earning less than £30,000. The winners would be younger employees, and lower payed jobs in the company. Basically BT is asking the higher payed employee's to take a hit, to help out the lower payed. The union asking for a higher than inflation pay rise, of 10%, are trying to play to all employees, since they know that BT's pay offer is good for employees on less than £30,000, but 10% across the board is ridiculous imo. Many of the employees benefiting from the offer will be new starters, trainee's, etc, who will see future pay rises as they go up the grades, or get promotion's as they progress in their careers. For a BT employee on £20,000 a year, BT's pay offer works out at 6%; If that was me I'd take the 6% and avoid the hassle of going out on strike.