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Added some more this morning at 76.9p -
gla dyor etc
Vod closing Sp 9th June
Tame2017 76p
Entries Closed Now
76 p for me
More like an inferiority complex.
In London, the top performers in the FTSE 100 were abrdn, Vodafone and Airtel Africa at midday. The stocks were up 4.1%, 3.9%, and 2.6%, respectively.
Mmmh. I’d sooner have a large position than a large ego!
"I will continue sniping from the gutter at people who think they are superior. "
The tactics of someone with a very large ego
"Why is this transformative year different to the 10 that have gone before it?
I seem to remember them having a similar plan, VOD 2016 they called it or something. Cut cost, reduce staff, sell assets, to keep paying div. "
--
Three major inflection points come to mind:
1) The Indian government royally screwed vod and as a result the business had to be written down
2) Acquisition of the German entity leading to a higher leverage
3) Covid happened
Why is this transformative year different to the 10 that have gone before it?
I seem to remember them having a similar plan, VOD 2016 they called it or something. Cut cost, reduce staff, sell assets, to keep paying div.
Didn’t really work then.
Gutter, your comparison to TW is entirely arbitrary and without any nuance. TW's biggest risk is working capital. Vodafone does not have that level of risk because a lot of the services are provided under contract and billed and collected at regular intervals. I agree the debt position is large relative to the expected cash inflow for this transformative year, but that is baked in to the share price. Debt costs and repayments are easily met by VOD and therefore I see it as a bargain
Expect a bumpy ride. VOD is likely to suffer in the coming us debt ceiling liquidity drain. Big money will be selling and avoiding div only stocks in favour of loading up on the trillion dollars of t-bills about to be unleashed.
A lot of people on this here thingy believe that they are superior, well that is not so. I took one look at Vodafone huge debt load and knew it was not for me. Past experience in the markets have taught me valuable lessons, like buying Taylor Wimpey at £1.60 and watching it fall to 3.5 pence because it could not service it's debt. Luckily the banks relaxed their terms and the shares eventually returned to £1.60 where i sold.
I will continue sniping from the gutter at people who think they are superior.
Have a nice day 😁
Completely ignoring the dividend at this price Vodafone is an absolute steal with a 2 year hold
As such steamed in earlier this morning
Why dont you want to see the price being ramped up ahead of the ex-div?
Vod closing Sp 9th June
Robleo 70p
Jax05 71p
Beo1 75.25p
Tars 80p
DarkBlue 72.6p
CWWX 79.5p
Exil 79.1p
Added to list...atb
I'm with you, I've doubled up on a purchase made three months ago. I am just hoping the price isn't being ramped up ahead of the ex div this week.
Can I have 79.1 please Bob
The 60p brigade must be busy with other things this morning!
Couldn't resist and trading as per my own conviction. A substantial holding now.
FTSE 100 Opens Higher, Gilts Falter
The FTSE 100 is indeed outperforming the European benchmark Stoxx 600 somewhat this morning, but its not only the oil companies helping the index along its way, even if they are contributing the most to the gains.
Vodafone and BT are recovering some ground after they were caught in up a fall across the telecoms space on Friday following a report that Amazon was eyeing entering the sector. Analysts are mostly brushing off that threat.
Meanwhile gilts have had a shaky open, with yields up around five basis points across the curve.
72.6p please roofer .
My Friday Prophecy. GutterSnipe to go back into the gutter & stay there, Wishfull thinking of course.
79.5p end of week
Gutter, i don't think anyone here believes you got a time machine, maybe you should start a new topic and tell them all about it over at gsk, could be a good ice breaker! do let us know how you get on
Fleccy,
I could not word it any better
Well said