Member Info for Terraplane

I asked HL too, but as yet no reply.
Holding stock in RASP appears to be a bit of a cloudy issue as far as I have been able to make out. Getting divis paid is another thorny issue if it comes in roubles. The strategy of this demerger for UK shareholders is not friendly.

With Corbyn and Labour (sic) you wouldn't be allowed to own anything, so you wouldn't have anyinvestments to cash out. You would own nothing and be happy.

They didn't "abandon" it, Gordon Brown sold it, just like he sold the gold and many other assets to make a quick buck. The fact is that the communications network IS a critical national asset and should never be allowed to taken over by a foreign company. No other leading nation allows their telecommunications network to be owned by a foreign entity because they understand the value of it, unlike the short-termist idiots that have governed this country since the 90s.

Virgin and O2 both use the BT network and it is this that is a national asset.

This is not a natural control mechanism, it is a man-made virus, almost certainly designed by the Chinese for reasons that are unclear. It is a pandemic that should never have occured. The last pandemic on a scale like this was spanish 'flu in 1918 and that claimed more than 50million lives at a time when air travel was non-existent. So be very careful what you wish for.

Albrittsx:
BP isn't a share to be thinking about in periods of a few months. You £20k is still earning you dividends, which if I were you, I would be re-investing at these low prices. It is my opinion - not one shared by everyone - that the SP isn't going anywhere until Mr Looney re-thinks the dividend strategy and increases it by a substantial amount. This appears to be borne out by the current SP given the high price of oil in relation to the dividend before the covid crash and the price of oil then. I'm holding for the long term and that means 5+ years and I re-invest all my divis. But as always, do your own research because nobody has a definitive answer, everything you read about investing will be based on opinion, rather than fact. Good luck.

I beg to differ.
Dividends are not a giveaway, they are a return on shareholders' investment from the profit made by the company, which, without the shareholders, wouldn't exist.
Buybacks are an attempt by the BOD to raise the value of the SP and the EPS, the shareholder gets nothing from this unless the SP increases significantly. If Looney thinks that this is good craik then he is deluded. And the current woeful SP performance bears this out.
Ii is my view that the effects of Looney's strategy are being masked somewhat by other factors - COP, the rise of inflation and the general bad publicity that the green mafia are attempting to destroy the civilised world with, along with complicity from short termist politicians who only have the next vote in mind. When they go, they leave behind the wreakage for somone else to sort out, as do CEOs who fail their employers - us, the shareholders.
I am not in this for anything else but money, as I suspect every shareholder is. It is not my concern if a sad scandinavian schoolgirl of questionable intelligence is upset because she has read that the sun is going out. If she - and all the lickspittle politicians that appear to be in thrall to her, quite frankly, idiotic ranting - want to run the world on sunlight and the breeze from butterfly wings, then they can start up their own planet and leave mine just as it, thanks all the same.
The SP is not going anywhere until the dividend is returned to something like it was before Looney got the idea that he was an economic genius, rather than the drilling engineer he actually is.

"Not handing out freebies to spoiled investors. "
Are you sure you understand what being a shareholder is?
There is nothing "freebie" about dividends. They have been earned by the people who OWN the company, who have put their money into the company and therefore have every right to get a return on that investment.
Looney, like all the rest of the BP employees, work for us, we pay them to run OUR company and they get well paid for the privelege. Halving the dividend should have been a very temporary measure, not a permanent one. If - and it's a rather large if - the SP goes north of £4 then then dividend will have to increase, otherwise the % return will decrease, thus making the investment even less attractive. Buy backs are, in my opinion, a con. They rarely increase shareholder value or the SP. We all know that oil ain't going away for many years yet, regardless of what the green mafia would like people to believe, so the money will still be rolling in ten years hence and I want my fair share of it, not a few crumbs that Looney thinks he'll hand out to the grateful peasants.

I agree, there is no basis for the current valuation and it SHOULD be higher. It should have been higher for some time. I wish it was. But it isn't.
We are all waiting for jam tomorrow.

It won't be anywhere close to £2 for some time.
Once the SP goes Ex div the price will take a kicking. There's not enough meat on BT's bones for a sustained improvement yet.

Dear smithy, what a snivelling richard you are. A brain-dead whining millenial trouser-soiler, and no mistake. If you had any guts you wouldn't be venting your unpleasant spleen on a forum, you'd be joining the army or more likely the navy, where you could show how brave you are in the face of the enemy. Far queue.

Openreach is owned by the shareholders, not the government.
Using BT ducting is not free. The ductwork is owned by BT, not Openreach.
Virgin have some of their own ducting but it is not extensive.
None of the other providers have invested a brass razoo in either ducting or network and they piggy-back off BT equipment.
But ofcom still insist that the market must be competitive at BT shareholders cost.

Any dividend will be revealed on 4 November when H1 FY22 results are announced.

I never mentioned building closures.
I pointed out that the exchanges listed are mostly carrying very small subs numbers, so the stop sell isn't going to make much of a dent in copper pstn lines until the punters have been offloaded. Just stopping the sale of copper products doesn't mean all subs will automatically be migrated onto FTTP. The migration itself is not a just simple software change, it involves actual physical work that requires people to do it.
As for closing all the pstn network by 2025, I remain sceptical but we live in hope. There are many humps in the road before any of the exchanges can actually be shut down.

Almost all of these "exchanges" are nothing more than a few concentrators carrying a few hundred subs on each. Not much to get excited about. It's a bit smoke and mirrors because the processor sites, where the majority of subs sit aren't being touched.

Well yes, plenty of ideas but not much in the way of results.
25 million FTTP completions may or may not happen by Dec 2026. As for PSTN switch off by 2025 I don't see this happening for reasons I've given previously. This is allied to the buildings footprint target, so I doubt a 2/3 reduction is going to happen. Selling BT Sport is a good idea and that alone will save bundles, although whether BT gets a good price or not is another matter.
It's easy to fill a report with attractive ideas but a different thing to deliver them.
The SP is stuck in yet another downward spiral and it won't recover without some concrete stimulus, and that will be the re-introduction of dividends. Perhaps the arrival of the new chairman might be the start of something better.

The trouble is that BT doesn't know which direction it is going in either. It's been like this for years.

You'll find the divi payment under the income tab. If you are reinvesting the divi with HL they reinvest all divis between the 10th and 21st of the month, so you have a couple of weeks before you see any new shares.

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