Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks Aus3009 for the explanation.
Thanks Fleccy for your explanation too - and regarding the extra 20K being added to the 50K salary then income tax of earning of 70K was what I thought would be annual salary income for someone in that position - which would mean they would be a higher rate tax payer for that tax year if I am not wrong as they past the threshold from Basic rate to Higher rate.
If this is the case how it works - wonder how many people considered this or were unaware of the tax implications of leaving with a package between Jan-March time (if BT offered packages for them to leave during that quarter) as they would have earned close to a years salary with an addition of whatever the is excess of the 30K lump sum and 18K in pension pot which I think Joe said was C3 but anyone on higher would fall straight into HR tax band).
Interesting stuff when corporations offer leaver or voluntary packages to employees knowing well they could end up with lesser amount than they receive if they’ve not got an exit plan or financially savvy.
@Joe: Seems like BT offered the option of 3 hours drive to work - knowingly someone in the right mind would not take that job for the same money or unless it involved long driving as they had done in the past.
Much appreciated for the response.
Is the amount of a redundancy package all exempt from Tax (ie. the 30K and the 18K?) even if you earned throughout the year? Eg. If you were made redundant and made to leave in March (so you effectively earned a salary before the end of a tax year until time of departure ie: March) would the redundancy package amount received be part of the salary earned in the tax year?
Hope that makes sense.
Just trying to understand redundancy’s and taxes esp. how BT plan their pay-offs or cutting of heads, or if it is all just coincidental when the firm’s staff are made to lose their jobs/made redundant as losing that many people over the next decade can/will be detrimental to the staff and firm no doubt.
Cheers BigTimeBilly for sharing link.
Good little 15mins watch, and pretty spot on what PJ was saying - esp. regarding how many opportunities BT have missed.
Let’s hope Alison can do a better job than PJ for the firms shareprice as well as delivering the BAU objectives.
GLA.
Well done on anyone who bought in when it was lowest or topped up in Nov - nice 60% gain in 3 months :)
ATB.
Spot on Meconopsis.
Also depends how quick the account holders deals with the transferers case. As some providers are pretty quick at doing transfers as some drag their heels as you would expect. But exactly as you mentioned “is whether the time spent is worth the money saved”.
ATB to those who opt to transfer to save/lower CGT.
@Strummerjones: Profit it profit bud - no matter how small in whatever currency or %. You’re trying to make the money work for you rather than the other way round - so you winning already!
Main thing is you constantly learning how it all works - no doubt you’ll make gains and losses just try and make sure the former outstrips the latter and you only invest and not punt as you put it - with what you can afford to lose.
Wish you well with your strategy/strategies :)
Hi Paul2566 - Yes I was referring to you, and thanks for the clarification to my initial post. Easy mistake to make as some platform tell you a value in pounds and some in pence. So no bother - just made me double check that I never did my DD wrong - and did miss out when it reached £317 a share haha! We all live in hope for eternity that the price will be that haha! ATB ;)
Cheers for the heads up SOM - but I am aware of this whether CWU are disguised in here or not or if a member(s) read this - but progression; development and implementation and a successful creative sales/marketing pitch - as well as the obvious cash generating assets/investments is present and awaiting fruition - is what will keep the firm going for many more years to come.
It can be debated to nth degree by CWU or whoever - but, a large corporation will always give a little to satisfy the beast whilst taking as much as it can, and as cheaply as it can - and as the clichè goes - give them an offer they cannot refuse - and the objective(s) carry on.
If a bid comes - then not a suprise - but a takeover is a different game (which not impossible, but I cannot see that happening (too early for that move yet) if that is on the cards anywhere.
P.S. I am merely a shareholder, and only speaking from my own observations and experience of investing - and sharing my opinion to try (and help others along the journey to see things another way) to try and come to a positive end result with a particular stock in the form of monetary/asset gain, and security for myself and loved ones - and those who are open to hearing other opinions.
GL & ATB.
@Phatkatzout : That’s pretty hardcore, but for BT to do this is as SOM is correct in a large corporate to stream line the business - and get rid of those who are either just sitting around waiting around to pick up a better deal of 12months money or those unwilling to learn and upskill if BT/Openreach offer those types of training to their employees.
Esp. when the FTTP programme is 90-100% complete whether by their timeline or a few years after or even by 2030. It is inevitable the autonomy route they said in the Briefing that’s the path taking is a must!
Hence, in the long run BT has potential to be back to it’s Monopoly state with a handful of competitors in the way to keep the competion act fair! Which is great for investors of BT - but bad for the employees and workforce who are forced to go or through natural attrition with being a winner is if they have a good pension at the end - with house(s) paid off - and all the Shares they have ever acquired at a nice price in the back burner for regular divis for additional passive income and importantly - good health when they depart from the firm.
There is always one who suffers and another gains in these corporate ploys and methods…..strictly business.
GLA & ATB.
@LOTM: Despite dividend being 55p - this will drip to sub 590-600 on XD - so you will have your chance to buy at £6 (downside is you will not pick up the Dividend)
Good luck with whatever you decide to do.
I agree Savage - very confident briefing!
Was suprised to hear much support from Labour being mentioned. Will they give with one hand and take with the other - no doubt.
And the office reduction from 650 to 9 is quite astounding - this will result alot of people leaving if they dont like their new workplace in 9 of those offices.
All in all very impressed! Let’s see what Mr Market thinks when the rest digest the briefing and importantly what comes of the next 2 years!
GLA :)
@Market-Dealer - read the next line where you took the excerpt from my comment. My commen is the same as what you replied to mine - and it was 324.7 (which is close to your 330p reference) which refers to £3.24 - NOT £324) - where someone below had wrote 10 years ago this was £317 - and I asked for clarification as I could not find that value during my DD, and was told it could have been a mistake writing the shareprice was in the hundreds - i.e. they made a decimal or misread the meaning of the value.
ATB.
Thanks for clarifying Bertram ;) - as ive been a holder since Covid - and never seen any info. during that this was £317 in the past - although I live in hope that it will be this price in the future - although not in my lifetime anytime haha!
I think you’re right - just hope Paul has not made the mistake in his other stocks thinking the price he sees per share are in the hundreds of pounds - when they’re in fact single digit pounds lmao….that would be a costly mistake@_@
ATB
LGEN - has never been £317? I think we all wished that price then we’d all be Billionaires haha! Do you mean £3.17?
As I went back 30 years on the chart and can only see ATH was 324.70 (ie. £3.25 rounded up ofc). Unless there was a consolidation in shareprice in the past 30 years - then I apologise.
@Larrybling: Yes, the data shows that on those dates. And my thoughts too as I wrote a similar thing yesterday - ie. “how many times he will have to cover his shorts”, and if correct like today he would recoup a little and more if price goes sub 127
All in all - Kintbury is not in the top 50 Hedge Funds listed and MCap of approx. £15M (2022) and small fish imho, and as stated before firms/people are shorting all the time. No biggie. All part the game :)
P.S. Reminder: 2pm GMT time for OR Briefing. Sure this will be where we see which way the SP will go.
ATB & GLA.
Thanks Casapinos - I already knew that function was there on LSE.
Thought Mary had another source or could tell me which ‘brokers’ she was referring to from her comment regarding the brokers touting £3 - as so far only JPM have stated near it - and they’ve been the positive broker with targets price of 255-290 for past 18months.