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I feel your pain Raffles - im gonna shorten my position at some point just not sure of right time GLA
WOW have i missed some news on VOD ? flying high at 76.5 - along way still to go to my average of 97p though :(
Does anybody on here actually have have a clue what they talking about? At least I don't pretend that I do! (PE adjusted, unajusted) give us a break? Complicated it is, I think I understand than far better than most on here?! Just don't give robina vitriol!. Nobody has mentioned idea today, which although very small, may have given vod a small boost. I think the future for vod is looking good, but a big challange ahead. As vod shareholders? lets wish them well. As for the negatives on here, why don't you find a share that you like, & post on there forum? You might find it more rewarding. Constructive,negative comments though, I always wellcome,as you all know. good luck to all serious share investors. Shame about the dissruptive idiots on here.
Forward P/E is nearer 7 (unadjusted for debt) which is still low.
If you are wanting a stock with a P/E of 2 Robina look at PAF. Minimal debt and in a defensive sector (gold).
"Even on the managements own 'adjusted' metrics, they plan to reduce EBITDAL by 9% and adjusted FCF by 31% in 2024 year, compared 2023."
You're not wrong, the F24 guidance does show a reduction in EBITDAal from €14.7 billion to €13.3 billion (-9.5%), and Adjusted FCF coming down from €4.8 billion to €3.3 billion(-31%); Whether or not they decide to reduce the dividend on the back of that isn't clear.
In the FY23 figures there was an adjustment to FCF of €2,467 Billion for Spectrum and licences, which might not be replicated next year, meaning actual FCF may be higher. Equity dividends aren't part of the FCF calculation and is subtracted later as part of the Net Debt calculation, so FCF isn't really relevant to paying the dividend. The share buybacks have now ceased, which were also accounted for exclusive of the FCF part of the calculation and lower down in the Net Debt calculation.
What I'm saying is it's too simplistic to just quote EBITDAal and Adjusted FCF, as there's more to the sustainability of the dividend than those two figures alone. The cash Flow calculations are accessed via the Cash Flow tab at the top left of the web page linked to:
https://docs.google.com/spreadsheets/d/e/2PACX-1vSNxkKmgR2PzSL1NH5uvhJAIl6TyUm-PpH2hChEFWELeB8mLB-V562E7qRdDL0lOSa8NyAUBbokBjVp/pubhtml
Bad days for Jax. Many bad days ahead for him jet.
Vod closing Sp 15th Sept
Talatum 74p
Added to list
Entries Closed
Closed...atb
P/E is certainly not 2 Robina!
The numbers certainly don’t cover everything that could potentially go on here. Partnerships and buyout. The Middle East are doing lots of shopping around the world right now!
Robina, VOD are shrinking, not growing. That is what the city don't like.
Even on the managements own 'adjusted' metrics, they plan to reduce EBITDAL by 9% and adjusted FCF by 31% in 2024 year, compared 2023.
Selling off some key assets and shrinking market share through planned mergers is helping distract retail investors, but the city are not buying it.
Div is also not covered by actual FCF, so need to borrow or use asset sale cash to pay it.
Dig deep into the figures and make realistic projections before investing.
Please don't give Robina any vitriol, he/she is very touchy about it!
Last years PE of 2 was because of one off items related to disposal of assets. The forward PE ratio is nowhere near 2
Not seen anybody mention the new website
https://vodafoneandthree.uk/home
For a few years I've been downbeat on VOD and recall receiving a lot of vitriol for predicting falls to 90p.
However, am I wrong in reading that income and EPS seem to be up, debt has reduced so with a P/E of around 2 and yield of around 10% VOD is undervalued?
What exactly does the city see that's causing the sp to languish at these levels? Is it mostly that future growth is hard to see?
My prophecy 74 pence
Been watching Vodafone so for over two years, remember thinking 120p would be a great entry price. Bought in a chunk of my pension at 73.8p and happy to ride it out for 20/25 years, pinching myself to get in with such a good entry, especially with the dividend.
Vod closing Sp 15th Sept
Jax05 61p
Newsid 71.8p
Tars 83.14p
Added to list Entries by 12pm Mon
Atb
Jax, thats great! Its so negative, it seems to be pushing the SP up!
Keep going with your drivel, its helping increase the SP.
There’s some negative news on the way from the news in the news
I mean more negativity than normal
I has been taking the weekend off, but tomorrow I is gonna be back.
Faster
Stronger
Than I wuz before
83.14 please Monsieur Roofer