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This isn’t going to improve anytime fast & I can see it falling further. Vodafone is struggling to generate enough cash to pay the dividend, which cost it a thumping €2.5bn in 2023. Adjusted free cash flow fell 11% last year to €4.8bn and it's expected to slide again, to €3.3bn in 2024.
6 million customers lost in just 2 months & debt re-structure is going to cost a lot more.
So, who in their right mind would buy here?
Going off the Google Finance charts Vodafone is hitting 27 year lows, it'll be interesting to see if the market can push it down much further from here.
Yesterday's dropp was 90%+ caused by the ridiculous lawsuit in the UK.
At every turn the least profitable sector is getting shafted left and right by these rogue european governments.
UK by far the most banana republic kind of them all with the least competent officials who are more suited to jobs at a circus.
All this indicates the telcos have severely mispriced their services and as a result the consumers and businesses will have to face much higher fees in the future.
Can’t see this moving up I’m afraid
The market doesn’t like MDV it’s that simple
And all we hear is shockingly bad feedback from ex customers and ex employees and no doubt ex suppliers if they weren’t gagged - sure Africa is growing but they’re probably just grateful for a phone signal and 2G
No doubt the sp will take a pounding today
Its against all the 4 providers.. so not a big issue.. They will defend it somwhow as its 4 against 1.. FTSE up today so I hope Vodafone follows the trend from here!
Https://www.msn.com/en-gb/news/uknews/uks-largest-mobile-firms-sued-for-3bn-amid-claims-they-overcharged-loyal-customers/ar-AA1laQIe
A class action against the large mobile phone operators should show some interesting movements in the sp.
Vodafone investors should however be used to dropping share prices.
I know I am, share price down ubstantially, my average shows a big loss, but the dividends over the years have taken some of the sting out of the pain.
It took me 20 years to get rid of my Vodafone contract. It was hell. Egyptian customer service and S African accounts team continuously failing to follow through on anything agreed over phone. Now am ecstatic Sky quadplay account holder.
Am only posting here today because I got sales call from Vodafone yesterday (after 3 blissful years with Sky) and I told them to do one. Have no idea what will happen with proposed merger. Btw strongly agree with Silver Spoons rant below.
The current government are too busy infighting and looking to where their next funding bungs will come from to care what's happening to the economy. UK investment has fallen off a cliff since 2016 and UK phone companies are no different. There is no appetite to invest in the UK. The governments decision to force them all to rip out Chinese hardware cost them all a fortune, but the government didn't care. Now the government moans about the slow pace of 5g rollout, but I suspect they don't really care about that either, they just complain as a way of deflecting away from themselves why the UK is falling behind other developed nations. All they can do is print money and waste it on white elephants like HS2 or the billions spent on the big consultancy companies so they could produce a few PowerPoints and a useless COVID tracking system. So will the Vodafone 3 merger be allowed to happen without the government forcing them to sell off large profitable bits? No idea. They should, but then again the government are more interested in making sure lots of their lawyer buddies get paid ridiculous amounts sorting things out, not to mention the donations they could get from possible future buyers of said profitable bits. Frankly the government are as honest about creating friendly and welcoming investment environments as they are about controlling immigration, they say whatever they think sounds good, then do whatever will reward their parties and then personally the greatest. So in this environment, is it any suprise that Vodafone are paying out profits as dividends and not reinvesting them.
Well my strategy of little and often has meant I’m not in the red on any stocks except Vodafone 🤷🏻♂️
I spend 400 pounds on toilet paper
I topped up £400 here this week. I have a decent holding, but I only topped up £400 because my average is already quite low at 90p and I wanted to reduce my average a little.
However , personally , unlike Fleccy , I wouldn’t want to be putting faith in vod to the tune of £20k in my isa.
While I hope this will one day recover, I question how fast and how profitably it will do compared to many other cheap stocks that I invested much more heavily in the last 12 months, and which have gone on to partially recover, in comparison to vods continued decline.
I am sure this will be a different case in a few years, and better times ahead, just not so sure how much better compared to everything else.
Hi fleccy, this is a difficult one for sure, i would say it's very unlikely this will go bust and not suggesting anyone should sell at 69p, i suppose it depends how confident you are that this will rise and if so by how much and is it going to be lagging behind other investments, and is the dividend safe, we all know this has only gone in one direction in the last 6 years can it be turned around, if only we knew the answers
I think everyone will just have to make the decision on what they feel is best for them, and hope they get it right
but best of luck
Dan, Rob, the big question for both of you is do you think Vodafone will go bust? Personally I don't. Because I don't believe they'll go bust I'll hold and top up as and when I see fit, with the aim of bringing down my average. Dan if you believe you're losing money by holding Vodafone, then you should sell out and invest in something you do have faith in, since there's no point in holding onto what you believe is a losing hand. There are other options should Vodafone stay low forever, since you can use losses to offset gains against other stocks you sell, I'm not anticipating that but it is a future option and in the meantime Vodafone are currently paying good divi's. I've said this before, a gain or loss only becomes real when you sell, anything else is illusory; There are plenty of investors who've sat on huge paper gains, just to hold too long and see the price drop like a stone and their illusory paper gain become a paper loss, it isn't real until you sell or lose your investment.
Rolls Royce was 232p on the 14th Feb 2020, if somebody bought that day and watched the share price drop to 39p by October of the same year, but then decided to hold and sell today at 287p, did they lose? Obviously they didn't lose, they made a real gain, but they would have suffered a real loss if they'd sold in October 2020, or anytime in between then and November this year.
Cheers rob, No ForensicBloo, I am not talking to myself, I am talking to rob. Very bad day today daniel! Sorry, I mean rob. Strange people on this forum lately! Weird even? Good luck, we need it. Got to get back into the 70's. at least.
Dan, chasing your losses by continuing to add can be a dangerous game, especially into a share that's been dropping every year, i know you are not, but just saying nobody knows where this is going, and if it does increase and i hope it does, the other question is will it increase as much or as quickly as other shares or will it be lagging behind
if only we knew the answers
let's hope we are back up tomorrow
best of luck
ForensicBloo. Any chance of saying what your post meant? Or are you just talking to yourself? I was obviously talking to robina.
Daniel talking to himself again.
Robina. I can't any sense from your post. What is your point please?
Come on fleccy. I know you are losing,& you know I am losing, so give us a break. All losses are paper losses, nothing thick about it. A loss is a loss. I am possitive about vod, but please don't talk rubbish. Of course you are losing money, even if you don't sell, you are still losing money. You really do worry me at times!! On another planet, or universe even,are you !?
sad, pathetic idiot. he needs to go back to the gutter,& stay there. he needs help, not on here though. this forum is for vod shareholders, not pathetic morons, who just want to take the ****. gutter, you need to see a doctor, because you clearly are mentally disturbed.
70p could be the bottom. It’s visited here a good few times and bounced back. Nobody knows and tomorrow and next week are the key for me as to whether the next leg is up or down. As for shorts opening, that would be a very bad omen.
It's the Kings english!
PUMP AND PUMP THIS DUMP SHARE, GET OUT NOW WHILE YOU STILL HAS HALVE YOU'RE MONEY.
I GOT OUT AT £1.25 AND MADE A SMALL PHROFET....
I IS VERY GOOD AT SHARE DEALING AND RIDING SUPERBIKES IN THE RED ZONE.
Fleecy
You has not even grasped the Queen's English.
What I were saying is that you is playing with chump change.
No offense meant obviously.