Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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See you tomorrow for another three percenter
BT is doing fine, but European TLC are going down: Orange -2,8%; Telefonica -3,5%; Deutsche Telekom -1%.
Its probably this big fine case which has been known about for ages hence now its out the price has gone down..
Walk about everyone has a mobile.. they are as needed as food... Iv topped up again today...
People will be crying over this share in 18 month when it's recovered.. The debt issue has only just started to be addressed and will do so...
Steady nerves chaps
Looks like it's going to be 64p close today. BT back to black but this one is on non stop fall territory.. LOL
"It may well be but the word was put out there."
Agreed, but this also tells me they expect reversal soon otherwise they would've left it open
It may well be but the word was put out there.
Are those multiple buys at 191000?
MLong
The status of exane's downgrade is now closed
https://www.stockomendation.com/tips/7-dec-23-exane-underperform-vod-vodafone-group
Not only that, who'd be idiotic enough to have a rights issue when the share price is in the doldrums? If Vodafone were getting desperate, they'd just drop the dividend and save €2.48 Billion a year. I've seen this dilutive rights issue nonsense before, it's a line used to scare the nervous into selling their stock.
The market is almost telling the BOD they need to cut the dividend and is also resetting itself based on a lower FCF and a tougher challenge on earnings growth, given the competition. Earnings growth is likely to come more from cost controls and efficiencies than gaining mych growth from the likes of business...until the interest rate pains recede IMO
It seems likely of course that the share will over sell, but at present any City bulls dont seem to have much interest in fighting the bears
Sidi
I have always found it is better to buy at lows, rather than sell at lows.
Maybe the market will give me the opportunity to purchase more tomorrow and Friday.
This website is saying no open short positions at the moment. I did look at that. Not sure how long out of date their data is (48h is common),
Looking like it's being shorted.
Bub
''my prediction is that a massive dilutative Rights issue will be forthcoming to reduce the unsustainable debt pile''
why would rights issue be needed for an easily financed sustainable debt pile. A reducing debt pile is a nice to have not a need to have.
Selling non performing assets with having share buybacks is by far the better option.
The motley fool is for people who have a £10 a month DD into their isa account. For me this has dropped for the obvious current stories and the fact the regulation on this sector worldwide is a complete straight jacket to try and operate within. But the downgrade from exane is a hammer blow. I’m sure most on here will know, they are very well respected and when they talk, people listen!
Scratching my head how this relates to financial performance. Reread the H1 transcript and the slides looking for the risk I missed. Nothing indicates they will miss guidance.
Working capital is covered by spain cash but numerous initiatives already landing to roll forward the operational and financial base.
Debt profile and repayment relatively easy over next 18 months.
Think I agree with Poker and put it down to option traders this week. I topped up, groan :-)
Ippolit, hopefully it's a ridiculous thought, but it seems to be struggling and that article from Motley fool suggests that it'll be pretty difficult for 2024/2025 alos. They do suggest the dividend is expected to be kept for that period, but I'm personally not sure how they can justify it.
Jax
you have serious mental health problems
....could make a difference.
Not sure why vod would go for a RI when it has significant cash & hasn't (yet) reduced the dividend; takeover seems equally unlikely. The erosion of value is being addressed, could ultimately fail, but I've not seen anyone unhappy with the streamling/cost saving/ service improvement approach suggest anything which
Hope so Jax, this is becoming the bargain of a century.
Here's an article from Motley fool from September, I'm sure it was posted here at the time, but why not have a refresher.
https://www.fool.co.uk/2023/09/25/whats-wrong-with-the-vodafone-share-price/
Blink and we’ll be into the 5s
This is unbelievable
Great timing by Ofcom to hit Tele CO’s with review of inflation mid contract term increases on top of the ‘Class Action’ recently announced. Talk about kick a company when it is down…..
Investment in infrastructure is vital to UK competitiveness and the Roll Out of 5G critical so hurting these debt ridden companies with these issues must warm the governments heart…
I have not forgotten that the Corbynite Labour Chancellor, J Hunt, increased corporation tax substantially also but did give some relief on Capex in the Autumn Statement.
All this will do is ensure the price of mobile phone contracts will change and in the end cost more.
Hopefully this will galvanise Vodafone Management into greater urgency to address their issues, MDV and van Boxmeer your timeframe for a successful turnaround has just shortened.