Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I told you , not a single word sunk in
Good work NDNIC00 , a thoughtful and balanced appraisal of these issues which have exposed the naivety and ignorance of our resident old fool.
But........ We all know it will fly over the head of the old duffer. Just wait till tomorrow and he will be back repeating the same words , we have to endure everyday , as you say "fake news"
I think its time the old dinosaur got down on his knees and apologized to the 40000 BT Engineers , that have worked so hard to get his share price up to £5.65 , which he was happy to pay for his shares.
Only then can the healing process begin , and the old git can be accepted back as a valued , positive , cherished contributor to this forum
Is anyone fooled by our new poster - Sangeeta
Afternoon Rod ,Mandy . SonofMandy ............
We see you
Different name same Bull Shine
I really should have known it all along Tag2 , why of course!!!
manifestation of Dissociative identity disorder
(So he really did buy in at £5.65/share)
Try this Ally
BT/pensions: less is more for telecoms company’s obligation
The arcane world of pension valuations could be set to move into the spotlight
Pension promises sent a wrecking ball through the finances of many long-established companies. The liabilities of UK telecoms company BT’s fund are more than three times its £12bn market value. But a costly and drawn-out renovation job has repaired the worst of the damage.
The BT fund’s triennial valuation on Tuesday showed the scheme was on track to be fully funded by 2030. The deficit has more than halved to £3.7bn in the three years to June 2023. This was down to contributions. Hedging limited the benefit from the interest rate rises. The fall in liabilities of just over a third in the three years to 2023 was matched by a similar decline in the valuation of assets.
Neither this figure, nor the company’s pledge to go on pouring £600mn a year into the scheme, surprised the market. That predictability means one less distraction for incoming chief executive Allison Kirkby. She is due to take over from Philip Jansen by the end of January.
Risks remain. The pension fund has cut its equity holdings by three-quarters, but holds £11bn — or 30 per cent of the total — in other “growth” assets including private equity and property. Investors might fret about looming writedowns in private markets.
Moreover, other measures of the deficit are more alarming. Reducing the discount rate to just 50 basis points above the risk-free rate — in line with the pension regulator’s new guidelines for mature schemes — would put the deficit at £6bn, according to pensions expert John Ralfe. An even bigger number — just over £9bn — would apply if BT paid an insurer to take on liabilities.
Such factors should weigh heavily in the calculations of French telecoms tycoon Patrick Drahi who has built up an equity exposure of 24.5 per cent. An agreement not to bid for BT expires on November 24.
James Ratzer of New Street Research argues a leveraged buyout that more than doubled net debt-to-ebitda to 4.25 times could be perceived as a 55 per cent weakening of the covenant. The pension fund trustees might require a hefty top-up payment to compensate. The arcane world of pension valuations could be set to move into the spotlight.
I think this article in the FT explains the issues a bit better
https://www.ft.com/content/a869715d-80b2-4751-87c9-f35a44ca99fd
Welcome Tag2 to the BT share chat room.You are accessing a vast vault of technical , economic and financial knowledge. An endless fountain of wisdom. May i suggest you start of by asking our number 1 contributor , Mandy , all the essential questions.I.e
1) Do you have an opinion on dividend reinvestment?
2)Are you in favour of collective pay bargaining?
3)If we have a bid , do you think it will be higher than £5.65/share?
Rod will put you straight on all these issues.
So the deficit halves in 3 years , and liabilities are reduced by 25 billion. And the result is the SP goes down.
Please Grand master fleccy can you explain what is going on?
On a positive note the Comrades can look forward to a fully funded pension pot.
dont be so sensitive mandy , we are only trying to take the **** out of you, thats all . its the easiest game in town.
remember when the share price does get to £10 , you will have the last laugh.
£3.50 is no good to Mandy , that still leaves him deep underwater
He needs £5 to break even , He needs £10 to double his money
Roll on the (£10/share) bid
I think Abject , old Mandy has blown all his "Spanish practice" money on Thai lady boys , Bells cheap whiskey and £5 a pop BT shares.
A fool and his money ...........
Just read an interesting revelation from BluePete regarding Mandy
" Didn’t you once tell us you worked in Fleet Street and didn’t you imply something like you were getting paid for lots of nights that you never turned up for?"
Wow , sounds to me like Mandy used too be a militant union man , i believe it was referred to as Spanish practices , getting paid for not working.
Looks like old Mandy was a skiver , a lead swinger , a work dodger , a lazy git , a night time loafer , and a day time dozer, who would have thought it!!!!!!
I salute you comrade , you are a true union man
Biskit , So if you buy at 110 and sell at 120. How many shares do have to buy to make this plan work? Recent history shows the BT share price has been generally falling. Can you tell us how much you have made with this strategy? taking into account buying and selling fees.I am just curious to know how you make this work. Also if your always selling at 120 , you wont get much of a divi . I suspect your a nickle and dime player.
Good luck with your plan Biskit , but i think you are taking the biscuit
Please Mandy change the record. You make the same argument twice a day , and rarely get an uptick.I think its fair to assume no one is in agreement with you. They think your talking out of your ****. I think you are just an attention seeker , even if that attention is negative , you still thrive on it because thats all you have , which is rather sad.
And for your information Mandy , i am a proud and fully paid up member of the CWU. My previous post just stated i was not a socialist/Marxist
So Manders sleep tight , safe in the knowledge that me and the comrades , along with the Labour Party, will keep BT safe
from Foreign intervention
Kwitwo have you tried the Mandy share investment strategy.
It works like this , you buy a large volume of shares at an insanely high share price , say £5 a share.
You then spend the few years you have left whinging about it , jealous of all others that have a proper plan and are doing just fine.
Finally you keep repeating the following deluded words "roll on the bid"
Absolute madness
You nailed it there NDNIC00
Lets all take a moment , alone with our god , in tranquility and prey for Mandy
Amen
That is the best chart yet fleccy , even Mandy should be capable of seeing the blindingly obvious logic to it all.
(bit concerning the 19 year break even point , Mandy doesn't have 19 years.)
Thats very impressive fleccy
So Mandy , last Feb the share price was £1.99 , So please tell us what your paper profit would have been , along with (tax free) dividend.
This should be interesting
Afternoon BluePete
I am not in any way a socialist , i have been buying BT shares (in a modest way) for 25 years now , i own my own house and never voted for Corbyn in 2017 and 2019, and dont believe Momentum should be part of the Labour party
Pass me that bottle of champagne Pete , we have all had a good week
No problem comrade fleccy