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Well doesn’t look like institutional investors don’t have an issue. You’ve bagged another big dividend and it appears to just be trending with the wider market atm.
The headline results in the narrative and the actual figures make no sense. Free cash outflow and levels of free cash a critical worry. Very poorly run organisation. Strong sell...
Nice!
Divi held that's nice for now!
Also earnings of 21.9B beat expectations of £21.6B
Plus Germany returned for growth.
I wonder if this is enough to propel the sp higher, or the paper loss will be seen as negative?
So you think it drop 5% to boost an already generous dividend that has been confirmed and the main concern for analysts, Germany is growing? I’m not sure about that, let’s see wha tv the open brings!
Long live the dividend!!!
Overall good results - Company on track to make improvement all over the sector.great news - No change in Divided..Pleased with the results in the current economy.
yep like i said shes doing a fantastic job, why the **** did they pick her. ill tell you why, no one else wanted the job. 60s coming now
Terrible results - Looks like the right actions are put in place (New CEO busy Kitchen sinking here). At least the divi is being held. I would think we could see a circa 5% drop today unless the II’s get that it’s washing all dirt down early so the sink shines later, let’s see?
They should have cut the divi
The market may view these results negatively. They're reporting an Earnings Per Share Loss and Net Debt has increased to over £36 Billion. The only positive is that they've reiterated their 2024 guidance.
Wow
"Basic loss per share was 1.28 eurocents, compared to basic earnings per share of 3.37 eurocents in the prior year period."
"Net debt increased by €2.9 billion to €36.2 billion (€33.4 billion as at 31 March 2023). This was primarily driven by the
free cash outflow of €2.0 billion and equity dividends of €1.2 billion."
"The interim dividend pershare is 4.5 eurocents(FY23 H1: 4.5 eurocents). The ex-dividend date for the interim dividend
is 23 November 2023 for ordinary shareholders, the record date is 24 November 2023 and the dividend is payable on
2 February 2024."
Thanks ‘fleccy’, couldn’t find these myself. Encouraging numbers.
Should rocket 🚀 interim div held at same 2022 level, and improving German performance with inflation down report tmrw should propel this back to 99p :-)
No it's maintained
"Group service revenue growth of 4.2%* in H1 FY24, or 2.3%* excluding Turkey, with both Europe (Q1: 0.4%*, Q2:
1.5%*) and Africa (Q1: 9.0%*, Q2: 9.0%*) growing
• Good improvement in Germany (Q1: -1.3%*, Q2: 1.1%*) and continued acceleration in Vodafone Business with
4.4%* growth in H1 FY24
• Group revenue decline of 4.3% to €21.9 billion due to adverse foreign exchange rate movements and the disposal
of Vantage Towers, Vodafone Hungary and Vodafone Ghana in the prior financial year
• Operating profit decrease of 44.2% to €1.7 billion reflecting business disposals in the prior financial year, adverse
foreign exchange rate movements and lowershare of results of associates and joint ventures
• Adjusted EBITDAaL growth of 0.3%* despite a significant increase in energy costs
• Adjusted free cash outflow of €1.5 billion in the period, reflecting lower Adjusted EBITDAaL and lower dividends
from associates and joint ventures
• Announced merger in the UK and sale of Vodafone Spain as we right-size Vodafone for growth
• FY24 guidance reiterated with Adjusted EBITDAaL expected to be ‘broadly flat’ at around €13.3 billion and Adjusted
free cash flow to be ‘around’ €3.3 billion
• Interim dividend pershare of 4.5 eurocents, record date 24 November 2023"
Is that a divi cut or not?
"Interim dividend per share of 4.5 eurocents, record date 24 November 2023"
I finally cancelled my 4g modem card. That's really going to hurt UK revenue. Sorry.
You can't pre-judge the market reaction to Vodafone's results these days, on the plus side Vodacom released a good set of figures but all eyes will probably be on Germany figures tomorrow. UK will probably be ok, Spain is all but sold off and Italy will probably be a focus of speculation. I suspect Vodafone will go up tomorrow, which probably means it'll go down lol.
Dave. If you think the C.E.O. of vod is an idiot, why would you buy if the sp falls into the 60's? If she is an idiot as you say, it will probably fall even further. Sorry mate, but you make no sense!
Vod closing Sp 17th Nov
Paul30 78p
Tars 83.14p
Newsid 78.7p
Talatum 75p
CWWX 72.5p
J17esh 84p
Davef 68p
KelBoy 79.5p
Added to list Entries Closed...atb
lets see, remember she was the cfo for years, she helped put vod in this **** in the first place.