Member Info for snoopz

@fleccy

Yep, it's a case of buyer's remorse with PRK1. Sad, really, considering that back in July 2023 his view was:

"BT is a great buy right now. I can see it reaching £5 by 2030. All we have to do is wait for the calf to grow into a cash cow."

But just a year later, in August 2024, he'd got cold feet after they had lost a few broadband customers, and he was saying things like:

"BT is losing market share in both business and residential retail, and they've only got one market to trade in." AND "I sold at £1.46 and moved over to Vodafone."

Since then, he's been visibly frustrated as BT's share price keeps climbing while Vodafone's stagnates. Post after post, he complains that BT is overvalued and Vodafone is the better bet. Who knows — maybe he’ll be proved right in the end. But personally, my money’s on BT for the next couple of years!

Looking at your posts, seems you've spent 4 years being wrong about everything! Maybe you should take a moment and have a look at the respective Vodafone and BT share prices today. Do you really think your prophecies were spot on?

It’s only an arbitrary number, but it’s great to see the share price finally break through after all this time. Hopefully we get a positive set of results this week to maintain the momentum. The last time we reached this level was in 2021, and that ended in tears — but I believe the current situation is much healthier than it was back then.

No self-respecting socialist government would allow them to keep all that money!

@bertram,

I'm pretty sure he does have shares that he bought at the top of the market. Probably does not have shares in any other company as be seems like a bit of a virgin regarding how markets work. He does a bit of research on the Internet and is then an expert. So he ends up being an irritating clown who always has a (long-winded) opinion on everything and is incapable understanding facts that are pointed out to him!

@Fleccy

Good move buying into BP as you are addressing the major flaws in your investment strategy - lack of diversication. I'm sure that this occurred to you back in the dark days when your portfolio was so much underwater. Of course l when you first start investing the first port of call is companies you know - the telecoms sector in your case. Then why not add a bank. And now an oil company. I'd suggest that 5 sectors is the minimum spread, and 10 more than enough. The good news is there are plenty of companies around that are a good fit for you!

@Aus3009

You are a bit obsessed about this, even though several people who work for BT have already tried to explain it to you. It’s really not that complicated — in telecoms or any other industry. For Openreach, it works like this:

Wholesale customers are ISPs who buy access to Openreach’s network to deliver services to end users — BT Consumer, Sky, TalkTalk, Vodafone, Zen, etc.

Retail customers are the ISPs’ end users — households or businesses that actually use broadband, phone, or TV services.

So yes — as you're (badly) trying to point out — Openreach’s direct customers are wholesale only. The retail customers belong to the ISPs, not Openreach.

However, the reason declining broadband numbers can affect Openreach's revenue is that when a retail customer switches to a non-Openreach-based ISP, the ISP stops paying Openreach for that line. That means Openreach loses wholesale revenue, since the physical line is no longer in use.

BUT that’s not really "the point". The point I was making is that there’s no direct correlation between broadband customers leaving BT and Openreach’s revenue. Customers have been leaving BT for years, yet Openreach’s revenue has been increasing.

Just to be clear, there is no direct correlation between BT broadband customer losses and Openreach’s revenues. This is evident from the fact that, although BT has lost a significant number of broadband customers over the past five years, Openreach has increased its revenue in each of those years.

There are several reasons for this. A customer who leaves BT may simply switch to another provider that still uses Openreach’s network. Openreach also earns more per connection for FTTP lines than for legacy copper, so even if the total number of lines declines, revenue can still rise if the customer base shifts toward fibre — which is exactly what’s happening, given BT’s impressive FTTP take-up figures. Most importantly, the large-scale FTTP infrastructure build has accounted for a significant share of Openreach’s recent revenues — regardless of customer numbers — and that rollout is set to continue for a while yet.

However, once Openreach’s fibre rollout tapers off, both revenue and operating profit are likely to decline unless it delivers greater efficiency or drives significantly higher customer uptake. That’s a conversation for the future (likely post-2027), but the trend is worth watching.

From a BT shareholder perspective, Openreach is only part of the picture. Once the FTTP rollout is complete, the financial profile will change dramatically — lower profit from Openreach is likely to be offset by a substantial drop in BT’s CAPEX.

The Citygroup analyst's predictions are surely correct, and the regulators should be investigating where he got his information from — but they won’t. That said, it’s really a non-story! What he’s saying is that Openreach’s revenue over the next few years will trend downwards from the £6.156 billion they brought in last year. But that’s a meaningless metric when considered in isolation. The important figure is Openreach’s operating profit, which was around £3.8 billion. And that will surely continue rising, thanks to cost controls, efficiency gains, and the reduced headcount that fleccy often refers to!

@fleccy

Great work Sherlock - hope Murdock-Smith does not turn out to be Moriarty!

Yep - got quite sensible on here for a while despite him having a 2nd moniker!

@GeordieOZ

So, in conclusion, if you hold onto your BT shares until close of business on 6 August 2025 you'll receive the full dividend payment of 5.76p per share on 10 September. As I think you have no intention of selling your shares, the nothing will happen on 7 August apart from a slight dip in the share price — theoretically 5.76p — although normal market volatility may also play a role.

All shares follow the same process involving Declaration, Ex-Dividend, and Payment dates (not just BT).

In my opinion, dividendmax.com is the best site to track these dates, and this is the direct link for BT:

https://www.dividendmax.com/united-kingdom/london-stock-exchange/telecomms/bt-group/dividends

T would be fantastic if we could break through the barrier in the next few days before the Q1 FY26 Trading Update on 24 July. It seems to me that the share price always heads south for a while, no matter what’s in the results — so it would be great if we were already above the £2 mark, which might then act as a floor for the price.

@IP3LY

Abby Chicken, head of sustainability for Openreach - you couldn't make it up really! Anyway, they are just playing lip-service to this craziness just like every other company. If anyone really wanted to remove 100 tonnes of plastic from its supply chain, they could do it in a couple of hours in any large department store in the country! Anyone who has bought a toy for Christmas will understand what I mean!

@KICKTHEJAMSOUT=Phatkatsout=Aus3009=LarryBling=davidphilips

Just carry on creating multiple accounts so you all can carry on chatting to yourselves. You have nothing of interest to say to the genuine posters on here - just repetitive nonsense scratching each other's backs and telling yourselves how cleaver you are!

Hey Fleccy, tell your wife she can get the real thing for less than £30 on any beach in Italy!

@fleccy

Very impressive finding the video. BT accepted Ofcom’s findings and offered a voluntary compensation package about eight years ago. So that should have been the end of it — otherwise, what’s the point of having a regulator in the first place? Just let the courts sort everything out and save a fortune by getting rid of a ridiculous quango.

Then Le Patourel brought a class action against BT about four years ago. It took nearly three years to work through the court system, where the Competition Appeal Tribunal (CAT) fully dismissed the claim and found that BT’s conduct did not break competition law.

Le Patourel’s permission to appeal was refused earlier this year. But here we are again — with an APPEAL! Must be great to work in the legal profession; cases like this just keep giving and giving.

Le Patourel used to work for Ofcom for more than 10 years before all this started. In any fair and just system, he wouldn’t be allowed within a mile of a case like this. In my opinion, he amounts to an ambulance chaser — and I’m pretty sure that, whatever happens, it’ll all work out very nicely for him.

@KICKTHEJAMSOUT=Phatkatsout=Aus3009=LarryBling=davidphilips

Nobody is reading your repetitive nonsense. All that effort to copy and paste again and again and again, what a waste of time!

@ KICKTHEJAMSOUT=Phatkatsout=Aus3009=LarryBling=davidphilips=?

Did I mention that nobody is interested in your repetitive nonsense?

Posts: 51

Price: 194.65

No Opinion

@ KICKTHEJAMSOUT=Phatkatsout=Aus3009=LarryBling=davidphilips=?

Yep you're right that I don't adhere to the queensbury rules- Nobody cares what your band of repetitive idiots have to say!!!