Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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What a bloodbath.
Getting worse by the minute at present. This stock is being dumped. WTF. Did the analysts not see the result coming and if not how the f can they provide recommendations and comments.
An extreme overreaction in my opinion. It's fallen about 10 pence too much... but there you go. Lower share price than during the great recession. This is pointing to where I am going to put my remaining funds. Far too cheap and undervalued - especially given the mass re-openings of schools and restaurants and countries...
Not looking good now America has opened
@skid35
Sit tight. The first target is 168-169.
All the best.
skid. Do you think the divi will be cut?
Mesh, no problem.
Just disappointed to see the general upward share price go south today after what seemed to be a general re rating in the past 3-4 months. A fairly large holding at 1.81 (1.61 with dividends) so just looking to get back to breakeven before reassessing options
@skid35
In reality, the announced 9c div will be coming off this year's cash flow.
PS apologies for the earlier remarks - my bad.
Mesh.
It really wasn't that difficult to see all your calculations made absolutely zero sense, perhaps not be as quick to be abusive in the future ?
Hopefully fcf will improve, worry is as always on accounting tricks on write offs / impairments of stuff they have paid well over the odds for.
well spotted both and apologies for that. I am using an automated script.
Still the FCF cover ratio is well in tact. This year's cash flow was massively impacted by the spectrum expense. In the current fiscal we should expect a bump up in FCF back to 5billion levels.
Mesh, check your sums on the number of shares you have used in your calculations.
Hey meshtrader, total VOD shares in issue is 28b not 2.4b. That's where you have calculated wrong.
@seen_it_done_it
No probs. Have a look at https://investors.vodafone.com/sites/vodafone-ir/files/result_document/vodafone-fy21-press-release.pdf;
(1) Entry; Profit / (loss) for the financial year: 536
(2) A div of 9c *2.4billion shares gives you ca 220
(1)/(2) gives you the ratio in question.
The more realistic cover is that of free cash flow/div cover.
Hope it helps.
divi yield 5.9%
whats not to like?
Sales go down 1.2% in the worst year in 12 years with Covid 19. Share price goes down 7%. Other companies like wetherspoons and greggs have had sales decreases in excess of 30-40% and their share price kept going up and up....ridiculous world!
Sounds like someones looking at the income statement too much. All about fcf for Telcos
Hi meshtrader,
VOD's basic earning per share: 0.38c
.....adjusted earning per share: 8.08c
Dividend: 9c
How did you get: Net profit/Div ratio: ca 2.48 times?
I am sorry for asking but no offense whatever.....
"The dividend here is uncovered and at current rates certainly not sustainable"
lol what a load of ...p
Profit/(loss) for the financial year: 536m
Div: 9c
Total outstanding shares: 2.4Billion
Free cash flow (post spectrum): 3.1 billion
-------------------
Now, let's do some very basic math!
Net profit/Div ratio: ca 2.48 times!
Free cash flow/div ratio: ca 14.35
Any more nonsense you would like to share on here?
/Mesh
Skid - its more covered than last year when EPS were negative. I think the results were very positive and things can only get better with reopening of more of society.
Harry,
The dividend here is uncovered and at current rates certainly not sustainable.
Should not be compared to the dismal interest from banks, it like a bank paying you 5% interest but your capital is then worth 95.25 pence from a quid. If you're after a div better look at Aviva / l&g.
Large buy for personal investment! This gives me comfort in my buy in earlier today. 5.6% annual dividend too. Not getting that on cash in the bank!