Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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Thanks for sharing thriller.
I was thinking of investing here for the dividend, but not now with the cut in dividend. i think I'll stick with Iag.
Shal1000 I concur, when insider is buying it is one of the good signs in my book. Share buyback is another, although dividend cut is a bad one..
In terms of CFO I don't think he is worrying right now, short term price moves are bound to happen. In my opinion CFO estimates that the price is somewhere near its bottom where it is going to stay or move up from.
I knows Somme off you is currious abowt where I is innvested, well, I is in ABRDN at the momment.
That do seam cheep too me.
Dyor obviously
Don't put of a ruby doo
This share is completely unloved with Citigroup dropping their price expectation by 10p to a measley 68p! But the CFO just bought big with absolutely no positive market reaction and I bet you the CFO is better placed than Citigroup to make a judgement on future value here. The market clearly has it in for VOD and TBH unless we get better news on the 3 merger I can't see a quick route out of this hole. It's all very disappointing and costly!
I had the feeling this wont the gains after the italy news. Back in again…loving the volatility here
I has herd one off the bosses have bean buyin shares.
Remmember, Fred Goodlose of RBS was possittiv the hole way downe.
A lotte of theese kind off peeple is i d iots...
As inflation has dropped and telecoms always puts up price in relation to inflation (which should be abolished) this represents lower future revenues than previously expected. Lets face it telecoms sector cant really say their operating cost goes up by inflation + 3%, so when they bump up the prices its mostly extra profit which is cheeky and Ofcom should step in. I bet if there was deflation they not gonna cut down on my phone bill
"Are you saying that he's not worrying about the ongoing share price drop and the impact on the large trade he made?
Come on! This is a serious bit of post tax dosh to invest, he'll be hitting refresh every 5 minutes! Probably joined on here as well waiting for some good news articles :-)."
If he is hitting refresh every five minutes I'll be worried that he isn't doing his job properly and no wonder the share price is going down lol. He has far more important things to do than just constantly looking at the share price.
And he will be the first person to know what good news articles will be coming out as he will be one the key people delivering the news. BASICALLY HE IS THE NEWS LOL!
If things haven't improved by the next results day, then he may be worried, he will just chill!
Just topped up and average is down to 84.5p!
Does it depend upon the market accurately assessing the value of a company via the valuation of it's shares? Isn't the idea of the buy backs that a company with fcf and the view that it's shares are currently undervalued, can buy those shares back (with SH approval) thus taking advantage of what they hope is a short/medium term misalignment between true value of a company and Market capital? After that, only time will tell if the management were right or wrong, but if they were right to do it and the SP revalues to the upside, then buying the shares back benefits the remaining SH's?
Are you saying that he's not worrying about the ongoing share price drop and the impact on the large trade he made?
Come on! This is a serious bit of post tax dosh to invest, he'll be hitting refresh every 5 minutes! Probably joined on here as well waiting for some good news articles :-).
His purchase of £1.5m represents 0.0085% of the market cap, so its not going to move the price massively. However an individual who has invested a big proportion of his own wealth and who is CFO and really knows what the company is worth is a big game changer for me and I might top up and average down my current break even of 89p as now I can see a brighter outcome within this calendar year. Allowing for dividends I have received over the years I am probably not as big loss as it looks on paper atm.
He believes the price will improve in the long term, trying to perfectly time the market is not easy so unless you are day trading is not as important.
I dont think he is watching the sp every 5 minutes like many here seem to do. Its not healthy.
If you cannot stomach a loss even if temporary, you should not be investing.
I wonder if Luka regrets his VOD purchase yet. Down 85k already and its not been a week, should have bought RR. :-)
Existing customers are usually treated less favourably
Prefer giffgaff myself, i pay £6 for 2gb data and unlimited calls/texts which is enough for me as i'm usually on WIFI, your not tied into any contract and uses o2 network so no roaming charges in Europe, excellent service
Let me give you some free advice, last year at about this time I wanted a sim only deal with Vod who were more expensive than anyone else. I got them to cut the cost, then in April they put the price up by that inflation busting number + 5% or whatever it was. So I signed a contract in March 2023 till 2025 only to find it lept up a month later .
DO NOT sign a new contract in March, wait for the new Financial year and get a deal then
Today I tried to re new 3 phone contracts,with Vodafone sim only
Been with them for years !
I wanted 50 gb data unlimited calls and messages,3 contracts
Online Vodafone offer 30gb for £8 per month per contract on uswitch
Many other providers on same site are around for £50gb data £10 per month .
Because I was not a new customer for 50gb it was £21 and Vodafone would not price match .
I am expecting a call in the morning from a manager who may be able to offer me a discount.
Incredibly poor customer service for existing customers.
I will keep you updated.
Seems like they don’t want the business and are happy for me to leave .
Https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.ii.co.uk/analysis-commentary/stockwatch-it-time-buy-vodafone-shares-ii531117&ved=2ahUKEwi1p-Su-oCFAxX1VEEAHVU4Af8Q0PADKAB6BAgnEAE&usg=AOvVaw2tJ-E0v6QRsUVXQmARhq3k
More should be made of the recent CFO's purchase. It is very odd that the market completely ignored its significance.
In Vodafone's case I believe share buybacks are probably the way to go, whereas I took a different view in the case of Lloyds with over twice the issued shares in circulation. I suppose the easiest way to decide whether or not buybacks are worthwhile, would be to determine how much they'll save in annual dividend payouts vs how much they could earn in interest by banking the €4 Billion.
Vodafone has 28,818,683,808 ordinary shares of which 1,739,701,451 ordinary shares are held in Treasury.
Dividend bill before buybacks would be:
(28,818,683,808 - 1,739,701,451) x 4.5 Eurocent = €1,218,554,206
Dividend bill after buybacks at 70p (€0.82) per share:
€4 Billion-0.5% =€3.98 Billion (stamp duty)
€3.98 Billion/0.82= 4,853,658,536 shares purchased
(27,078,982,357 - 4,853,658,536) = 22,225,323,821 shares in circulation after buyback
22,225,323,821 x 4.5 Eurocent = €1,000,139,571 annual dividend payout
Difference in dividend payment after buyback:
€1,218,554,206 - €1,000,139,571 = €218,414,635 (17.92% annual saving)
If they banked the €4 Billion, much would depend on the interest rate they could negotiate. I have no idea how much interest corporates can earn for loaning out their cash, but I'd guess it isn't without some risk. If they negotiated a return of 6% it would pull in around €240,000,000 a year in interest, which would probably be accounted for against how much they are paying out in interest on their debt and is more than they save in dividends from the buybacks.
Interest received and paid feeds directly into the Free Cashflow calculation, whereas dividend payments are deducted afterward and feeds directly into Net Debt. If Vodafone's share price goes up they'll get less shares from the buybacks, and I've also guessed the interest rate they might get if they banked the cash, and there may be very good reasons why they're better off with buybacks, so take everything I've typed with a pinch of salt.
I'll happily be corrected if I've misunderstood something, or got something wrong.
Elon could fork out 44 billion for Twitter 🙂
I agree re takeover being a remote possibility (hence the caveat in my wording) - Vodafone is way too big even for the largest PE houses to buy and forking £30bn would require a consortium of PE houses. Most likely scenario will be an acquisition by a peer (even that is remote) or Vodafone slimming down even further (perhaps selling Mpensa?) which would make the acquisition more palatable.
Nevertheless, I believe now we have bottomed out from a valuation perspective and I expect over the next few years Vodafone to produce fairly decent but unspectacular returns. I do have to say though that you should take my opinion with a grain of salt as i have always been a bullish on Voda (given sum of all parts valuation being lower than its individual businesses) which has resulted in me being early to the party with an average of around £1.
''Only people really gain are the directors on performance pay based on SP as their bonus go up without any efforts by them.''
oh no, another one out of the woodwork - seems to be an endless amount