George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yepp looking good.
What the Rolls Royce story does highlight is the market's hatred of dividends, since they blackmailed RR to drop the dividends as a condition of supplying loans.
Here are some of the articles around the RR drop to 39p in October 2020:
"Rolls-Royce shares hit 17-year low after it reveals £2bn cash-call"
https://www.theguardian.com/business/2020/oct/01/troubled-rolls-royce-reveals-2bn-cash-call
"Coronavirus: Rolls-Royce to raise billions in Covid-lifeline"
https://www.bbc.co.uk/news/business-54367717
Then in October 2022 when it was around 70p:
"All in, the leaner organisation has shown signs of strength. Two years ago, the group saw £4bn of cash walk out the door, last year that fell to £1.5bn and at the half year mark it was in touching distance of break even. Barring any significant disruptions, the group is on track to be free cash flow positive this year. This should help debt make its way lower and would go a long way in restoring our faith in Rolls' ability to stand on its own two feet."
"Rolls is also barred from paying dividends until at least 2023 as part of its loan terms. Even without that red tape, the group couldn't pay a dividend because it's sporting a negative equity position - meaning liabilities outweigh assets."
https://www.hl.co.uk/shares/share-research/202211/rolls-royce-on-track-for-full-year
So RR weren't even allowed to pay a dividend until this year, Vodafone hasn't had loan constraints on condition of stopping dividends. I'm not saying RR are a bad company, they are a very good business but they are treated differently to Telecom sector companies and that is reflected in the current P/E. It's all about the narrative, with the market writing the scripts to suit their own vested interests; At some point they'll have to change the narrative around Telecom stocks, since the World is now as dependent on Communications as it is on electricity.
There’s reasons for RR’s inflated price . I sold at 290p but put it elsewhere which has much lower valuation.
There’s reasons for BT being suppressed but I can see a reduced capex future and a reason to hold shares in a future cash cow.
I hold Vodafone shares but I can’t see what they will do that will cause a catapult in fortunes? Rolls yes, bt yes, but Vodafone, not so much.
I need to correct something in my last post, I said RR's price has nearly tripled since last year, I should have said it's more than quadrupled since it was 70p last year.
"However for anyone who has an average above 100p… not so much."
Why do you assume that? There's no reason why Vodafone wont go up to 160p, or £2, when sentiment reverses.
I'll keep using Rolls Royce as an example, because I think it reflects Vodafone's situation. Rolls Royce currently has a P/E of around 17 and is still being pumped, last year it was around 70p and the price has nearly tripled since then. Vodafone's downward trajectory has been more steady than RR's, but that's more about the ongoing negative narrative directed toward the Telecom sector in general. Telecoms has been under attack for years, with financial media persistently attacking the individual players and aiding the market in driving prices down, yet private equity has been mopping assets across Europe as they come up for sale. The media pushes the debt narrative around established Telecom players, but it isn't the players who generate repeating revenue who are at risk it's the new entrants who've been financed with free money. I believe at some point the market will decide to pump the sector, probably when the vested interests have built up a nice chunk of the assets at knock down valuations.
I remember saying that at 75p-80p and bought, fortunately I sold again and made a little profit.
Who knows where this is going but like ITV it will have to go up big time at some point. it's just knowing when to jump in again.
Compass are your debts including secured lower than your annual income?
Looks like it reversed a 3% decline overseas yesty
With Vods debt I can't even bring myself to invest at this price......interest cuts in 2024 may help but for now I will sit and watch.......GLA
Vodafone is a very good buy at 65p. In 5-10 years it will have proven so.
However for anyone who has an average above 100p… not so much.
There will be a recovery , one day.
Fingers crossed
By the way, VOD has closed at yet another record low. Why are you two so excited for? 😂😂😂
Wow, Dan and robleo I have never seen you two so talkative before! Have you two been drinking ?
Well, if VOD will do a dead cat bounce in the morning, then I will be truly happy for you all old faithful VODers. As for me, already made up my mind that I will never touch this dog ever again, lol.
Good luck and goodnight everyone. God bless you all.
ForensicBloo, do a bit more research before making stupid comment's old chap
Dan the game is up, it looks like we.ve been rumbled, hey who are you calling a Welsh git, you English git lol
Yes fleccy it should. However the reality is short trading is legal. I think it's being shorted as a naked short that won't be registered & is illegal. Happens lots though.
Just my thoughts.
13% dividend otherwise. :-)
ForensicBloo. Well, my obviouse thought is, are you an idiot. Do have a problem, nobody likes you perhaps. Keep trying, you might meet a buddy on here one day? O.K so we are the same person, had you fooled, I am really a Welsh git, boy oh. Robo my Amigo?
Vod is about 66p eqiv on the nasdaq, so not bad, but please don't exagerate, it does not help. 67+ would be good though.
The biggest question is, are Danny and Robby the same person...
Thoughts?
Vodafone ADR.. recovered almost fully from 3% down. Therefore look for atleast 3% rise tomorrow.. probably 67p open.. US interest rate hike is done.. time to cut the rates in 2024..
Looking all good for Vodafone now..
Rob, You could be write there? Only joking, I can't spell sometimes! As for jax, I think everytime the sp falls, he jax himself off, what was that wall st' film called?---- Come on sidi we want you back. It's only money. Stop changing your mind.
Why would they need to short a stock to push the price down? There are other possible ways to do it. As I've mentioned before, they could encourage brokers to direct buys Off Exchange while directing sells On Exchange and also use algo's to drive the price down On Exchange, when the Exchange volume dips; I'm not saying they could do that in Vodafone's case and I'm not sure it'd be legal, but it's a possible way to manipulate prices either way and doesn't involve shorting. I have a big problem with Off Book trading, It distorts the price discovery mechanism since Off Book trades aren't used in setting the On Exchange price. Off Book trading should be banned in my opinion.
They don't register naked shorts.
Maybe bad management adding to the momentum.
Big drop in a week when the ft has done okay.
Well I guess if they keep the dividend up for 8 years I will have got the shares for free :-)
Yes must be short sellers. Can't possibly be years of bad financial managment coming home.