Member Info for MJS1

You can register to attend if you've 2 hours to kill this afternoon

https://www.bt.com/about/investors/financial-reporting-and-news

Give it time, I'm sure others will jump on the bandwagon.

Now up to 24.5%

https://www.proactiveinvestors.co.uk/companies/news/1015730/bt-s-biggest-shareholder-altice-raises-stake-to-24-5-1015730.html

I assume we should be hearing OFCOMs decision soon, as the scheme was due to start on 1st April and Ofcom delayed it by a couple of months it must be imminent?

Could see the share price rise and the start of a number of legal appeals

We always get negative news around the time of results being announced, look out next week for VM announcing they're expanding their fibre deployment, Alt nets have raised more funding and will take more business from Openrech etc.etc.etc. Happens every time, and then afterwards nothing happens, all empty noise.

So the good news we're increasing the dividend, the bad we can't count and we've been overstating the NAV, how can companies not do the basics correctly.

https://www.lse.co.uk/rns/NESF/quarterly-net-asset-value-and-operational-update-vy0926hkpzdbb44.html

https://www.bt.com/about/bt/our-company/group-businesses/business
Sadly there's still a few names on the list who needed to be moved on, could never understatnd how certain people failed at every role they were given but still remain in a job

Another wonderfully hopeless economist and X treasury civil servant, you'd think the job description for the role would at least require a background in media/telecoms. Ah well perhaps she'll move onto a role as a retail CEO and he hopeless at that as well.

Talk about asleep at the wheel, you have to question why no one on the board saw this coming, it's not just the CEO who should go, so should others.

You would hope it's for the employees, but phrases like long term incentive plans are normally associated with Execs and senior managers, regular staff would more likely have a sharesave scheme.

As stated no dividends for the shareholders but they're buying more shares for the long term incentive plan, "The purchase of existing shares relates to the Group's employee benefit trusts which acquire Kier shares from the market for use in settling the long term incentive plan ("LTIP") share schemes when they vest. The trusts purchased and sold shares at a net cost of £11.9m (HY22: £1.8m; FY22: £7.0m)."
So as per usual ensure the board are rewarded before the shareholders.

Does anyone have access to the detail behind their recommendation? As expatwelsh says would love to know how 2 supposed experts have 2 such different valuations.

I couldn't see either AT&T or Verizon on any US list (Scaling back, digging in etc.), when I was at BT a few years ago they had conectivity into Russia. Same goes for Orange, again no mention on the France list.

https://www.proactiveinvestors.co.uk/companies/news/1005134/bt-s-full-fibre-pricing-plans-not-anti-competitive-is-ofcom-s-initial-view-1005134.html
This could be more good news for BT and not such good news for the Alt-nets, shame :-)

BT announce the final dividend on the 18th May as part of their Q4 full year results

Very sad to see yet another company being mis managed from the top. I note the comment "The Group has a range of management actions that it continues to pursue to rebuild balance sheet resilience." which no doubt means cutting staff at the coal face while the execs remain collecting their long term share options and bonuses.

Just hope they get rid of some of the dead wood at the senior management level that's been in Global for years, delivered nothing but still in a job. No doubt they'll still be there when the final re-org is completed.

M&G and Prudential are seperate companies since they de-merged in 2019. Prior to 2019 they both traded under the name of Prudential.

Could find any reference re the discretion of the Trustees in the members booklet online, only found this re
Pension increases
"The review period for pension increases is October to September in each year with the increase paid the
following April. Pensions in excess of the Guaranteed Minimum Pension (GMP) that have been in payment
for a full year at April will be increased in accordance with legislation and the Rules of the Scheme. Currently,
this means that pensions are increased in the same manner as public sector pensions (in line with the rise
in the Consumer Prices Index (CPI) as at the previous September). Pensions that have been in payment
for less than a full 12 months at April will receive a proportionate increase. As others have said fingers crossed

Telegraph reporting the 2 units are to merge to save costs

https://www.telegraph.co.uk/business/2022/11/26/bt-prepares-merger-struggling-business-units-purge-costs/