AP, I’ve said as I’ve seen it, article in the press showed Lisa N at a picket line in Stockport chatting to all in the Frame (15ish) who looked north of 50, some very much older. There were no youngsters, ie younger than 35 in the snap. The people with most to gain from this strike are the personnel that will/should be with BT longer than the guys in the snap. The picture tells me that the younger people in BT are not striking and are the happiest with £1500, and as Jake stated the new intake signed up for the T&Cs offered at the time.
DT must be scratching around for news stories again, Royal Mail upped their stamps by 12% earlier this year, and nobody batted an eyelid. Lots of household goods and transport fuel costs and heating/energy costs have all increased beyond inflation. Even Ronald McDonald upped the price of a little Mac earlier in the week by 20+%, why? because everybody’s cost of sales have increased. It’s no different for BT with fuel and maintenance costs for vans, electrify for exchanges, staff costs etc. DT saying this a tax on working from home, it’s quite the reverse, BT is the great facilitator in providing the connectivity to allow WFH to happen.
I’ve jumped out of BP and L&G today and topped up on BT at 162p.
RE: Times Article 23.7.2022 - BT-Eurosport TV tie-up is cleared by watchdog23 Jul 2022 15:41
Altice USA at the point of float was valued at $15b, with a shareprice of $30. Since then, the share price has fallen to $11 giving market cap at $5.3b. Reading the recents posts Patrick wasn’t s to sell a company valued at $5b for $20b. I hope he applies the same rationale to purchasing BT by offering 3x the market capital valuation, so offering 3x 175p on the share price.
Smasher you keep harping on about the 32%. This is incorrect, and in many news paper articles they are sensationalised and over played and are based on a small shred of truth but wouldn’t stand up in court.
Having read all the input from platform members, I can't believe VM02 buying TT for £3b to have caused a 15p drop. TT was only worth £1b only a couple of years ago. So if this is the reason then the sp for BT should have increased marginally as VM02 have been pushed over a barrel in paying too much. Strange times. Maybe it’s something else, maybe Drahi has been doing a Elon Musk/Twitter tantrum, and making waves in threatening to walk.