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It brings me no pleasure to announce, that our cherished contributor Arma (AKA lil rod, candidbloke, davidphillips, mandy, sonofmandy, unionbasher, fiverlad, rodmitchell .........), has been thrown out on his sorry asre for the 23rd time. Yes he has been barred yet again. He has had more reincarnations then Dr Who. As much as i admire and respect lil rod, the old fool has brought it on his self, Lets be honest his constant rantings are a little deranged. Good bye Rod, you wont be missed.

Ah, yes—“don’t shoot the messenger.” It’s a phrase that’s been around since ancient times, and it packs quite a punch. The idea is simple but powerful: blaming the bearer of bad news rather than the person or situation responsible for it. Basically, it's a warning not to take your frustration out on the person delivering unfortunate information. They're just the messenger, not the cause. Kinda makes you think about how people react when faced with uncomfortable realities, doesn't it? This would appear to be the case with my postings in regard to my thoughts about the inner workings of Mr. Mittal's fabulously ingenious and creative mind. Without doubt, he's the Elon Musk of the telecoms industry and, IMV, the saviour of BT. With is feet now firmly under the boardroom table at BT, he's navigating the icy waters around this inept, lumbering leviathan - a true basket-case with its head buried deeper in concrete than an Iranian bunker. The truth is becoming apparent in every word uttered by straw-person CEO and DEI advocate Allison Kirkby. Many more redundancies, even sooner than expected. While the cull is initially affecting office-based staff through the speedier introduction of AI, IMV they will soon touch on a raw nerve; namely jobs for life among the engineering fraternity, fiercely protected by what appear to be BT militant engineers on this board. I am but the messenger, chaps. I'm trying to prepare you for what's to come. It's not all bad news. You'll get generous redundancy payments, and your ISAs will be overflowing with abundance. The BT share price will shoot up post-bid, and then climb to stratospheric heights when the network (aka Openreach) is hived off. There will still be engineering jobs open in the new entity. However, I doubt the that consortium running the show will want what they consider to be troublemakers in their midst. Never mind, bully boys will be able to retrain as plumbers and electricians, and take the general public for a ride for a ride instead of BT - until the robots take over even these roles. As they say in BT Towers, "Don't shoot the messenger." Welcome the bid with open arms. There is no doubt that it will save BT from the dustbin of history

ROLL ON THE BID

What did i tell you, my good friends Aus, Pip and Arma (AKA lil rod/mandy/candid/fiver/KICKOUT..... ), the narrative on this BB is controlled by a clique of militant engineers, hell bent on denying the inevitable bid, bullying any dissenting voices. Our Lord and savior Mr. Mittal, will soon sort these rogues out. In fact Mr Mittal, much like my self, is an investment genius really. And like my self likes to pay ridiculously over the top for his shares. IMO once the share price gets to £3 he will strike, and put a bid in, you wait and see. But it is rather odd that i lost all my money paying £4.64 per share and Mr Mittal could have bid when the share price was £1.05. Hmmmm

If BT wants it and the government approves, nothing can stop the BT network being sold off. CEO Allison Kirkby, under the instruction of Mr. Mittal, has already 'hinted at the possibility of spinning off Openreach -into a separate company.' If BT decides to do this, which would happen after Mr. Mittal's bid is accepted, it would indeed release tremendous shareholder value. There is no reason why government would prevent this in either of the scenarios mentioned by Aus (lease) or myself (consortium buyout). Either would benefit the nation, reduce CAPEX for the builders, and speed up the rollout of full fibre throughout the UK. It's a fact that most altnets will go bust, including TalkTalk and City Fibre IMV. There will probably be only three main players left in the infrastructure game when the shakeout ends - BT, Voda and VM. Each have their own retail operations that would benefit from one big, beautiful network/infrastructure. I can't comprehend why the voices here are so against such an outcome, unless they want to keep the status quo, which will likely end in financial disaster for BT. The company cannot continue cutting jobs and losing customers. It's paying nearly £900m a year until 2030 just to support the BTPS. There are other debts. The head count (i.e. wage bill) is unsustainable. It all adds up to BT being in a pretty dark place. The only way to turn things round and prevent the worst case scenario of a complete collapse, I believe, is to sell off the network. There's only one reason for not wanting a successful bid and not wanting the network to be sold off - personal greed. The personal greed of the militant BT engineers who inhabit this board with their venomous, at times threatening, posts. It appears that they will do or saying anything to prevent a sensible rescue package for the company. Why? The jobs they intend to keep for life! Of course, all BT's woes are not down to militant engineers. They have no real plan and never have had one. Luckily, Mr. Mittal does have a plan. And all genuine BT retail investors wish, hope and pray it succeeds. Because, if a minority of engineers and their and lackluster and failing union (the CWU) get their way with cries of Keep BT British, they will also be losers.

ROLL ON THE BID

Pip my good friend, that is a very disturbing video you have posted. Are you OK , have you over medicated yet again , with the horse tranquilizer. I warned you the last time, inject in your asre, don't drink it. You cant talk sense to an idiot i am afraid.

Aus, I think that Terrapin might be getting confused between the Openreach customer and the service provider's customer. Openreach does indeed provide connectivity services. The following is taken from the Openreach website, advising home owners about an engineer visit. It explicitly states what happens in advance of and during a visit. It's poorly written, of course. Because the other thing BT can't do, apart from being utterly incapable of balancing its books, is to communicate with the very people they intend to communicate with; in this case, the service provider's customer (the home owner). Apologies for the repetition. Kinda ironic, don't you think, for a company's that's in the business of communications? Which is why Openreach engineers (yes, they are employed by Openreach and not by BT) can't be expected to know their bottoms from their elbows! https://www.openreach.com/help-and-support/problems-and-appointments/got-an-engineer-coming

GOT AN ENGINEER COMING? HERE'S WHAT TO EXPECT WHEN THEY COME TO YOUR HOME...

KEEPING YOU INFORMED BEFORE THE VISIT: You may receive text messages or emails from Openreach to remind you that your service provider has booked an engineer appointment for you, allow you to confirm, change or cancel it, provide tips that may help to sort out any problems, or remind you to plug in your router where necessary. Your engineer will call or text you beforehand to check you’re in and see if they need to know anything about your address (like access or parking). The engineer will also tell you roughly when they’ll be there (within the timeslot your broadband or phone provider gave you).

WHEN THEY ARRIVE: Before you let the engineer in, it’s a good idea to check their ID badge to make sure they’re really from Openreach. Some of our new engineers drive plain white vans so the ID badge is the best way to identify them. Once you’ve checked they’ll talk you through what they’ll be doing. If they need to, they’ll agree with you where to put any equipment and talk about options for wiring. When they’re finished, they’ll check everything is up and running as it should be. And they’ll clean up any mess they’ve made before they go.

AND SO IT GOES ON AND ON AND ON AND ON. JUST LIKE ALL OF US ON THE TORRID BOARD. LET'S ALL WAKE UP AND BEGIN TO LAUGH AT OURSELVES. WE'RE A LONG TIME DEAD. AND LOSING YOUR JOB ISN'T A DEATH SENTENCE. IT'S A RELEASE. THINK ABOUT THE BULGING ISA. THE GOLDEN GOODBYE. GREAT TIMES FEASTING IN SWEATY SPAIN. OH THE JOY OF IT ALL. THE PURE UNADULTERATED JOY. ON TOP OF THAT YOU'LL BE DOING YOUR BIT TO SAVE BT FROM THE JUNK HEAP, AND KICK STARTING THE DIGITAL ECONOMY. SO WHEN THE BID COMES, DON'T SAY KEEP BT BRITISH.

Rol

Oh my dear Aus, you are my bestie, and i yours. But i did bust a gut laughing at your earlier claim to have a "large holding". Now Aus, as you well know, i have seen your holding many, many times, and i can assure you it is tiny compared to fleccy's massive holding. He once posted a pic of himself post gym session, and i can vouch for fleccy's massive holding. Its like comparing a water pistol to a fire hose. I think i now understand why you are so pompous and arrogant, you have a massive inferiority complex. Never mind we are all still besties. And its not about size, its what you do with it (as losers like pip say.)

The value in real terms of a £1,000 reinvested in BT shares 10 years ago is now just £684, equivalent to a loss of ~32%. In June 2015, the BT share prices was ~450p. Today it's ~191p, a decline in value of ~ 58%. During the decade, BT paid out ~105p per share in dividends, equivalent to ~£233 in dividends on an original £1,000 investment, which would have bought ~222 shares. Reinvesting those dividends might have slightly improved your return, but not dramatically. UK inflation from June 2015 to June 2025 was ~30%. So, £1,000 invested in June 2015 would need to be worth £1,300 today just to maintain its purchasing power. Unfortunately, that investment is now worth a paltry £657 in share value (222 shares × 191p). Add £233 in dividends, and you get a total of £890. Adjusted for inflation, it's equivalent to £684 in 2015 pounds. SO, IN REAL TERMS, AN INVESTMENT OF £1,000 WOULD HAVE LOST ABOUT 32% OF ITS VALUE OVER THE DECADE. This refers to the returns for around 2 million individual BT retail investors in the UK, not selfish, greedy, privileged and entitled BT employees on relatively high salaries (specifically BT Openreach engineers) who benefit from special share incentive schemes, continually boast about them on this board, and care not one jot about anyone else's position. Good for you, chaps. But don't try to pull the wool over everyone else's eyes. Fact is, BT share dividend reinvestment equates to throwing good money after bad for individual BT retail investors. Which is why I don't do it.

Roll on the bid

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