Thought I'd note something else down. All this talk about BT and they increased their net debt by 1.4 billion in a quarter while buying back over 410 million of their own shares.
Not surprising they're so alledgedly broke and worried about ROI and all impoverished if they essentially borrow money to give to their shareholders. There's a quality way to run a business.
In reply to:
Net debt was £11,028 million at September 30, 2008 compared with £9,618 million at September 30, 2007 and £9,460 million at March 31, 2008. This increase mainly reflects £1.4 billion invested in the share buyback programme and acquisitions over the past 12 months.
They complain about possible ROI on a fibre deployment when they essentially throw billions down the toilet buying back shares just before they tank anyway. No wonder this company is underperforming pretty much every company in its' peer group, despite borrowing and spending 10 figures to prop up the share price.
Edited by Ignitionnet (Sun 18-Jan-09 19:35:39)