Member Info for NDNIC00

To much wine... last post should be under Virgin/O2. Sorry...

Ambition. Well there’s loads of it, the important thing is doing the right thing at the right time, then the other ambitious will follow on behind, if you are smart enough to see what is happening a little way down the road. With a full UK fibre network in place you can provide anything to everybody, and hit the competition in the limited locations they have a network.
What ambition would you like to see, TV got it, high speed high capacity got it, reliable network got it, IOT on its way, innovation happening all the time.

Fleccy. Fully understand all you say, especially in respect of the benefit of not having to pay in to the BTPS improving the balance sheet. But it’s part of the costs of running the company, one of the reasons it is now frozen and other plans are now in place for its members still employed and other products for more recent joiners, over the last 10 years or so, removing the burden from BT to insurance companies, who no doubt will make a profit from it, as is there right, that’s what they do. Think the bottom line is no insurance company would want the BTPS they may well make a loss and why would you take that risk when with the crown guarantees would cover any future payments should BT go bust.
Up today. GLA

Fleccy. I understand the basic concept but as long as the parent company is solvent and it’s pension commitment dose not impact on its ability to be profitable, there should be no reason to try and offload its commitment to a financial company. The BTPS being a defined benefit pension is expensive to run I agree, but like any other part of a business it needs to be funded by the company. I think it would be very difficult to find an insurance or banking firm willing to take over the funding of the pension, basically because they would not be able to make any real profit from it, profit is the only reason they run other pension products not for the benefit of the pensioners.
BTs other pension products are run by insurance companies so everyone is a winner but they are nowhere near as good as the BTPS defined benefit product.
Rant Over...

Sorry...
BT gave its employees there pension when they joined the company, nobody asked them for it. The staff have paid there dues in every working day, it’s only right that BT dose the same, especially as it effectively took payment holidays in the past. It would be morally wrong for anybody else to take that on while the company is solvent. BT is and should continue to do its part for its pensioners, not try as you suggest, to off load its commitments.

So, if it’s AI then what evolved to develop it. Is light the limiting factor in a 3D existence or just the transition point to d4 d5 etc, If there are parallel existences then which is real, or are they all real. If in our 3D existence you could move into an existence where light is not a limitation to speed and you could re enter in the past would that cause a paradox that means you no longer existed In the future, how did you manage to go back and cause the paradox. Can something come from nothing, but then what is nothing if there are more than 3 dimensions, nothing could exist as something in another dimension.

Time for wine, or is that wine for time ?

In the past there has been anything from 3 years to 6 months pay on voluntary terms with payments spread over up to 3 financial years depending on how many months/ years payout. There are many people who volunteered for a release only to be told you cannot have it, some several times. If this latest is a voluntary situation then it fits in with other times, perhaps the issue is seen as for the last couple of years they have offered up to 2 years and now want to lower it. Or if it’s compulsory redundancies then it would have to fit within the current laws on that, so maybe for some people 12 months would be better than there legal amount, or could mean paying less tax on it if it was not to be spread over a couple of years.
Not use on this but remember the law being 2 weeks pay for each year service after 2 years so someone with say 30 years service could loose say 3 months pay. But knowing how BT can work they will make redundant people with the least number of years service first.

Milli. This may assist you, it’s the page that contains the 2019 report.
https://www.btpensions.net/information/useful-documents

"'instant communication over long distances'.. signalling I suppose?"

This is nothing new. My wife can do it with just one look........

Sum. Think he needs committing...

Jonny. Yes you are correct, but, your original post stated, “ in any time frame” you have now clarified that it was your intention to only be talking about the last 5 years...

Current plan for payments from BT are as follows, this will probably change once the current review is completed by March/April 2021 when it will be made public. Until then, it is all speculation and no more than that, we all have to wait until it’s published. Just remember that it is the trustees job to ensure that the fund is run to meet its members needs and nothing else. Effectively the trustees will ensure that the funding needed from BT will be at a sufficient level.

June 2020 £400m
June 2021 £700m
June 2022 £700m
June 2023 through to June 2030 £907m each year.
A total at present of £7.256b plus any extra income from investments.

Jonny
" If you look at the 5 year chart, this share has destroyed the wealth of anyone who invested in any time frame."
perhaps you should replace, anyone, with, some,
Like others who come on making general remarks you forget that the price has been as low as 63p and people will have invested at that level.

For those that have not searched for it, the pension investment as of 30/6/19 was as follows.

Equities 22%
Government bonds and cash 29%

Investment grade credit 27%

Other growth assets 13%

Property 9%

£1.5b. Well BT could buy them from last years profit and have cash left over...

Wow. So in the 8 days you have been a member you have managed 4 posts all the same message, think you need to get out a bit your brain keeps repeating itself it may need some new input to help it st st st stop.

With respect Toff, the other posters on this site acknowledge where any published text originated. It would only be right and proper for you to do the same. So would you be kind enough to do so in the future, if only to assist others in being able to view the whole item, as things like graphs cannot be copied and pasted. Thanks in advance...

Perhaps it would be a good idea to credit the source of your text, otherwise some may suspect it’s all your own work.!!!!
https://uk.finance.yahoo.com/news/down-stunning-23-london-once-090000609.html

Perhaps BT being Covid safe is causing some of the current price issues. The long term position for BT is very good, cost savings, FTTP, 5g will all improve the price in the future, but, the people who make real money from the market are not interested in that in the current climate. They need to see a profit day by day at the moment, it’s much easer for them to do that in areas that are volatile at present. Travel, entertainment, hospitality, automotive etc are making big moves dependent on the changes in the rules by government in reaction to Covid. Companies like BT are off there radar at present as they search for a quick buck anywhere they can, moving money out of safe places, causing there price to slowly drop, to make a quick profit in areas with a lot of volatility. As Covid and to a lesser extent Brexit, pass into the past they will again look for safe havens for there profits. There will be less travel, entertainment, hospitality, companies left to invest in and they will have debts that will make BTs current debt look like nothing in comparison. If you can, just hold on until the , so called market experts, realise where they need to put there money for a good return in future years. GLA

Had a similar many years ago. A copper based 2m cut that I could not get to work so we did a frequency response check at its line working frequency around 10khz. The tester we were using had a speaker in it and we noticed something in the background, it was radio 4. The o/h wire was acting as an aerial. We changed it out and used the strengthening strands as a shield to earth and that fixed it. Took a few days to find but since then I have had a high regard for RF interference.