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Spain and Ily will have likely been offloaded from which there will be at least 15bn to pay off outstanding debt. The debt refinancing in 2024 is likely to be paid off by cash. The others due for refinancing will be multiple times covered by the new cash.
So all smoke and mirrors. The total debt will also shrink massively as a result of the 3 merger. In 2 years time we will be looking at a net debt of ca 10-15bn.
As for the puts - if div is slashed, the sp will jump significantly so the logic of puts is flawed, unless your thesis is based on market agents using the puts as a way of sending a signal., which is equally flawed.
60s will become high
I don’t know what’s worse being an investor is this junk or being a locked in customer….
It’s what nightmares are my of.
".....If the dividend is maintained, an 11% yield is a nice sweetener for new buyers "
well, Fleccy....the final dividend decision will not come until next May....so the market will make its bets on whether some of that gets sliced off...or not ...
At the moment the market must be betting in the futures markets with Puts etc that the odds of it being sliced are increasing... at present ... Q3 results in February will be the next Update to see what progress has been made
Bah humbug
This is not a recomendation, simply for interest.
https://screenrec.com/share/7iTHAVFCmR
".....& debt re-structure is going to cost a lot more"
They have two Bonds maturing in 2024 , one for €750m in January and one for CHF 350m in December .... so whilst refinancing will indeed be at a higher rate , nothing too much they cant handle
2025 is the year where there is considerably more to re-finance
https://investors.vodafone.com/debt-investors/bonds-outstanding-eu-and-us
The capital intensity strategy of the sniveler that used to run this co has really come home to roost. Was he so dumb that he thought bank rates would be sub-subterranean forever ! We do breed some terrible businessmen in the UK !
Just sayin’
https://www.wallstreetzen.com/blog/triple-bottom-pattern/
Buying at 70p when you are convinced the price will be much cheaper in the future is the investment strategy of a simpleton. GLA
RNS On its way
Jax posted "Yep sold at 79 back in with half at 70"
So are you in or are you out Jax?
You promised us the 50's. When is that going to happen? Never!
It’s over 30% less than where you thought it wouldn’t go below hey Flexcy
So now you believe it won’t go below here….
If the dividend is maintained, an 11% yield is a nice sweetener for new buyers. I've bought and will continue buying around this price, because even if the dividend is reduced or stopped the stock is cheap.
"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."
---
At these ridiculously low levels it may get gobbled up. Deutsche is now trading at 5x vod
A hostile bid may come in at just above 100 to test the appetite. I would have done if I had the means.
The only thing going up is the dividend yield lol
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 🤷🏻♂️