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If anyone really believes Corbyn has a "cat in hells" chance of stepping foot in No 10 then they are truly delusional .....I went to see Ben Elton at Birmingham Hippodrome on Thursday, bearing in mind Mr Elton has been a Labour Party member since he was very young....even he was very critical of Commy Corbyn however he did say he votes for the party and not the leader (whatever that means)....I see a huge Cons Majority and hope we can move on and start getting things done in Parliament .....PS privatising telecoms companies will not be one of them......
Does it hurt being so wrong Daniel ? what is worse is you post your poison and vile advice and wishes.. pretty much concludes your upbringing and values.. I am smiling as always :-))))
Bulent, good wishes (Shabbat shalom). As for good tips for you, 1st try googling ,a good local psychiatrist, failing that, cyanide perhaps? Let me know how you get on?
UK politics has been infected with two opposing dogmas for nearly 50 years, which have flip-flopped the country appallingly. The idiotic way blue and red have pursued their obsessions has made the UK far poorer than it could have been with good, even, long-view stewardship.
Norway found oil and gas. What did they do with it? Sovereign wealth fund. Invested. Tidy packet for the country.
What did UK governments do with it? Tax cuts, mainly.
So many political mistakes and broken promises. It's like the huge mistake that a certain health minister made in the late 1940s. It has caused great controversy ever since. Aneurin Bevan announced to the country that the NEW National Health Service would ALWAYS be "Free at the point of Use". Sadly this has STUCK until the present day.
We all know that there is no such thing as a free lunch. Of course, EVERYONE should be treated with good 21st-century health care, no matter what their income or affordability. We as a society do not leave people to suffer or die due to their financial circumstances. BUT in the end, ALL health care MUST be paid for. I say this as a left-leaning Liberal. I have lived in The Netherlands for 35 years. I have always paid, now as a pensioner, I pay €170 per month, plus 4% of my gross income to the health service. I have had severe health problems and I can assuredly say that I am alive today due to the Netherlands health service. Anyone here who finds themselves in hardship is treated and covered for free. The rest of us happily pay for those that cannot afford it. Good modern health care costs a lot of money, there is no such thing as a free lunch. The very idea of "Free Broadband" for all is a joke. It means that it would be funded out of general taxation. Very quickly the funding would dry up through lack of investment. If we are to live in a capitalist world (I see no other option) then we need the incentive for companies to invest in modern infrastructure. We all know that if you work for any company that makes a loss, it will not be long before you have no job. The company will fail. So I cannot understand why ANY political party would suggest that we should live in a 21st-century Marxist utopia? It simply will NOT WORK as it removes the incentives for individuals to work hard and prosper. In my working life, I worked 84 hours a week, 12 hours a day and seven days a week. This for periods of around 3 months, I was a freelancer and needed to be the best at my job to ensure a follow on contract. I loathe the idea of the UK having YET ANOTHER "nasty party" (Tory) government. One that cares NOT for working people. But then the so-called Socialist Labour party comes out with insane ideas that remove all incentive for people to work hard and contribute to society, I find myself at a loss. Between the Devil and the deep blue sea. Sanity really needs to return to the UK. Far too many lies and a bunch of deceit from our politicians. Far too many lies and fake news bandied about on social media. Surely, SANITY must prevail. The UK is on a rocky path, do not be deceived by the liars and the cheats.
Sorry to rant on chaps & chapesses, but it beggars belief at what I am currently seeing and have been seeing it since 2010 and before. I suspect that we all need to wake up. British politics is BROKEN.
You may not share all my views, but try to give it some thought. I respect all opinions.
GLA Pete in Amsterdam
Hey Daniel, Shabbat shalom... Any good tips ?
In every deal there's offer, counter offer, negotiation and so on. It was always thus.
Thank you Jezza for your opening offer in this early stage of the election.
To gain my vote here's my counter offer:
- I want free broadband (thank you; granted)
- I want free Road vehicle license duty.
- I want a free tank full of fuel once per week.
- I want a free box of chocolates posted to me from Inland Revenue for those of us who manage to send in our tax returns before the Oct 31st deadline each year.
I'm afraid the Free box of chocs is a deal breaker if not approved. The road tax I can accept as for those on or below the national minimum wage, same for the tank of fuel - but the free box of chocs is non-negotiable.
I think Corbyn is going to turn his minions in the union and momentum into a brigade like we saw early on in Nazi Germany. He surely deserves “the most dangerous man” in U.K
It's the Labour Left's last hurrah. You don't expect sanity and acting rationally, do you? Even if people were daft enough to elect them, it would only be in a coalition government as they'd fall short of an absolute majority, and most of these pie-in-the-sky spending plans would probably end up in the cr@pper. Even if they did implement them and borrowed through their noses, the markets would act, bond yields would rise and you'd have another election pretty fast.
" Labour's free broadband plans"
10 year plan ...and you just know that "free" isnt going to bring speed and quality
There will plenty who will realise that the service wont in fact be good enough for the masses, and their business and household will end up "paying" for the likes of VOD in order to "really" get what they need and expect...
private services always exist as an alternative to "free" public offerings
Ok buddies, moan.....moan....curse...curse. It’s all gone tits up, bum flat now. Hope to stabilise by “Friday the 13th” of December (at what price by then). MMs will use the labour communist to knock this share back below 140p. I fear for this country as it just keeps churning out deranged politicians.
India. Labour's free broadband plans. Ffs everything is against us.
Historically £1.56 is very cheap.
Well we will be back down in the £1.40's when we go ex div next week the way is going
The debt is way too high the P/E is way too high and the SP for the time being is too high however this is a huge company and if they can start showing things are turning and do something about debt and India in particular I may dip my feet in the water again but certainly not at £1.56 plus JMO
Vod India up 27%.
It was inevitable that sentiment would turn negative again.
It would seem there is no bull case whatsoever.
How can the group possibly reduce this debt pile?! It's similar to the GB national debt situation e.g. how can GB ever pay off 1.8Trilion?
All the broker targets are ridiculous. I've never understood how they can put their name to them.
Vodidea now up over 25%
Hi Mikey, this is definitely not what I expected, especially after trumpeting the fact that my share dealing account actually showed green for the first time in absolute yonks. Never mind, I’ll top up a bit later on, but right now I’m definitely keeping my powder dry until I can see what’s going to happen. GLA, let’s hope for a bit better news to follow
Vodafone IDea back up over 10% - FTSE up - Futures up - all one way again for us. Looks like the last few months rise is going to be in vane . Oh well - Heres to next year !!!!
..... and then nationalization of broadband is announced!
We are going to have a new line installed for each member of the family as its free or one for each device, cant have any lag when discussing Vodafone whilst watching Netflix on tv.
Thought that might knock the SP a bit more today.
Things can only get better from here IMO.
add 40% to my holding at 159p.
Prospects are improving here and look forward to the tower sale to pay down debt I due course.
In case anyone's concerned over forecasts by some of 120p then bear in mind VOD has always been awarded a premium P/E ratio by the market, compared to its peers due to its perceived growth leadership potential. So when last year the market "punished" VOD, it only took it down to the industry average which in monetary SP terms, correlated to 124p (think it actually intraday-ed as far as 122p).
Dug this out from a post of mine way back in early 9th Nov '18 last year:
"... Just look at how the market has brought down the P/E of VOD from the beginning of this year (2018) to tonight's P/E15.4
Jan 2018 VOD was sporting a forward P/E ratio of P/E 26.0 !!!
April 2018 VOD was down to forward P/E 21.2
August 2018 VOD was down further to forward P/E 18.4
And tonight VOD is down to a forward P/E of 15.4
... I ask the question - is the market merely re-rating VOD down to level with it's peers; and thus stripping VOD of its premium rating?.... "
In all cases above for last year the industry average was then still way below VOD's P/E ratio.
Currently as of 14th Nov '19 VOD sports a great stonking fwd P/E ratio of 20.4 which is way above the Industry average of P/E 11.5 (and the general market average of P/E 12.4).
So bear in mind that relates in price terms to 89.95p - call it 90p.
Don't think in it's baldest mood the market is of a mind to reduce VOD down to the market average P/E ratio, let alone below it.
So calls of only 120p is not undervaluing the SP, because it does by nature ride higher above all in it's industry, and is hardly a long term punishment when true real punishment would have to be south of 90p!
At 90p yes, it sounds dreadful, but to the market, it only means a visit to fair value. I'd panic and worry below 90p. That's based on average P/E's, Some don't like that method, I love it, it's fast, easy, and best used in non-high-flying, hot stocks. I'd worry only if the P/E descended BELOW P/E 11.5.
BT for instance, whilst in the same industry group, has a P/E ratio of 8.09 tonight. Now that's what ahh call under-valued.
As of today VOD, is on a premium of P/E20.4 the SP could drop quite away and still not be viewed as undervalued. It's always been a premium based P/E stock so don't immediately jump to the conclusion it's expensive because of its high P/E ratio.
I was expecting this drop after the update. Debt up to our neck, India worthless but huge back taxes still to be paid. Vodafone would have done better spending the India investment in America or even China.
Assuming average coupon on €48 billion debt is 3%, it would take us forever to reduce debt by 50% and still pay divi.