The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I sold most of my shares this week as I think this idiot CEO will make more negative comments on Tues along with a div cut sending shares below 70p. Good luck to all who decided to stay in.
Accolade this week goes Exil , well done
Vod closing Sp 10th Nov 76.38p
Speech Speech Exil
Full list will follow
Enjoy your weekend
Atb..
I wont be updating this chart with the upcoming Half Year results, but I will update it with the FY results next year. I posted a link to this earlier in the year, here it is again:
https://docs.google.com/spreadsheets/d/e/2PACX-1vSNxkKmgR2PzSL1NH5uvhJAIl6TyUm-PpH2hChEFWELeB8mLB-V562E7qRdDL0lOSa8NyAUBbokBjVp/pubchart?oid=325944045&format=interactive
Notice the increase in Net Debt with acquisitions and the reduction in Net Debt with disposals. Capex remains mainly around the same level and free cash flow drops off in line with increased spending on spectrum and licenses. It gives a good idea of what to watch for in the results.
Gwm121, unfortunately i do remember this being over £2 ouch, at the time just like many others i thought this was the industry of the future and would be a rewarding share to be invested in, well I was right about the first bit, but with expensive infrastructure and a very competitive market and possible bad management along the way unfortunately this has gone in the wrong direction for investors, I thought my last top up here of 86p was a bargain but even that is looking a bit deflated, unfortunately I’m caught in a trap with this one at the moment, let's hope the only way is up from here onwards
Hi Dan, i assumed you was talking about the sacking of Nick Reed, but it seems you was just talking in general, but i agree just sacking the CEO's is not the answer, however we are depending on the CEO and board of directors to make this company profitable and hopefully we will see an increase in the sp
can they do it? i really don't know, let's hope 2024 will be a more prosperous year for Vod and for everything else
cheers mate
It is good to get rid of a CEO if he has lost the confidence of his largest shareholders as Read did, despite the fact that van Boxmeer endorsed the strategy for 2 years b4 he acted to save his own reputation. MDV’s road is much harder than Read’s due to very choppy market conditions - we will see if she can present results that do not disappoint the market as VOD will be punished if she does. Let us hope the groundwork has been laid so that the figures do not have any nasty surprises and that the forward guidance is more positive.
Robleo. Good finish today. Apparently there is a rumour that Nick is coming back as the new C.E.O. Amigo Nick! My hero!
Looking good.
Dont hold your breath.
Have a very nice holding here for 10% dividends!
SP should climb as well so win win.
Rob, I never mentioned Nick Read & I am certainly not not praising him, why do you say that? I am saying that just sacking C.E.O.'s does not work. If they sack the current C.E.O. why will that work? Who will replace her? It's just knee jerk reaction.
Robleo, its nice others remember vod when it was over £2.
Crazy that my two punt shares ggp gold and oxford bio are outperforming my stable blue chips, vod glaxo
I spose it doesnt matter as long as vod maintain 10pc div (would be 4pc of share was £2 !!!!!!!!!!!!)
In the last couple years three went from 7p min to above 30p min paygo sim.
Sacking the CEO does not work, if you replace them with a clone. I can't see any change in direction and strategy. Maybe the selling of assets is speeding up, but that's the same broken strategy Nick was trying to achieve.
Dan, I can't believe you are still talking so highly of Nick Read, you are having a laugh surely?
This share was over £2 a share when Nick Reed took over in 2018 and look where it is now, of course we don't know if the new CEO mdv will do any better but it's going to take time, let's wait and see how this turns out, i don't see how she can do any worse
inflation and higher interest rates are not being kind to most businesses at the moment
Vodafone (VOD) is already one of the worst-performing telecoms stocks and Berenberg is concerned about the ‘achievability’ of 2023/24 guidance.
Analyst Carl Murdock-Smith retained his ‘hold’ recommendation and reduced the target price from 85p to 80p on the Citywire Elite Companies AAA-rated stock, which softened 0.9%, or 0.7p, to 78.2p yesterday.
Vodafone’s poor performance is ‘largely due to depressing full-year results in May, which included disappointing guidance, a poor performance in Germany and a frank assessment of Vodafone’s need to change, by new permanent chief executive Margherita Della Valle’.
Murdock-Smith said since May, the group has made ‘three major announcements, on M&A in the UK and Spain and a national roaming agreement with 1&1 in Germany, but to only muted reception’.
‘Looking ahead to the first half results on 14 November, we worry that the results may raise concerns about the achievability of 2023/24 guidance, while questions linger about longer-term German capex and dividend sustainability,’ he said.
(Source: Citywire)
When is it going to be realised that sacking C.E.O.'s does not work?
Well it certainly hasn't done anything to stimulate the SP with another downgrade incoming from Berenberg bank today. Just praying that November 14th springs a positive surprise but it doesn't feel very likely. Margherita is not succeeding in improving shareholder value and if the results next week are poor maybe it'll be time to look for some fresh talent who might have a better idea on how to improve returns for investors. It's currently a s**t show that's for sure.
Is VOD offering to cancel the debt? The notice reads to me like VOD is exercising an option to cancel all of this particular debt, not giving the holders a choice.
91p
Today's news see
https://www.londonstockexchange.com/news-article/VOD/call-option-exercise-and-related-cancellation/16198312
indicates where some of the cash raised from the sale of Vod Spain is going. Vod has offered to call (ie buy back) up to 2bn euros of debt with a very long duration (2079) and at an interest rate of 3.1%.
Why they have chosen that debt is not clear to me except for the obvious fact that it is denominated in euros, the currency they presumably will receive for the sale.(Being about to complete the sale of a property in France I recognise the impact currency exchange has on profits!!).
If ALL the debt is offered for cancellation (V unlikely IMV) it would reduce Vods annual debt service costs by about 62 million euros, not a huge amount. For interest Vod also has euro-denominated debt of 750 mill at 6.5% due 2084 , that would be IMV the next best use of the cash.
Vod closing Sp 10th Nov
Newsid 79.8p
Added to list
Closed
Roofer, please don't forget my prediction. Thanks
79.8
Vod closing Sp 10th Nov
DarkBlue 84.1p
Esprit20
Aspersions 79.9p
Added to list
Closed now...atb
Looking good from 71p.
Hopefully into 80's in coming weeks.