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I can only give you examples from a description on the internet:
"Free cash flow is the money that the company has available to repay its creditors or pay dividends and interest to investors."
https://www.investopedia.com/terms/f/freecashflow.asp
Vodafone define Free Cash Flow as:
"Free cash flow is Adjusted EBITDAaL after cash flows in relation to capital additions, working capital movements in respect of capital additions, disposal of property, plant and equipment and intangible assets, integration capital additions and working capital related items, licences and spectrum, interest received and paid, taxation, dividends received from associates and joint ventures, dividends paid to non-controlling shareholders in subsidiaries and payments in respect of lease liabilities."
In Vodafone's case they tend to use an Adjusted Free Cash Flow figure with the adjustments comprising:
"Adjustments:
- Licences and spectrum
- Restructuring costs including working capital movements
- Integration capital additions
- Vantage Towers growth capital expenditure
- Other adjustments"
"Adjusted free cash flow is Free cash flow before licences and spectrum, restructuring costs arising from discrete restructuring plans, integration capital additions and working capital related items, M&A and Vantage Towers growth capital expenditure and other. Growth capital expenditure is total capital expenditure excluding maintenance-type expenditure."
Vodafone's Unadjusted Free Cash Flow was reported as €1.442 Billion, with Adjusted coming in at €4.842 Billion.
My question was a very serious one I feel, to mole, fleccy, or anybody else who can bothered to take it seriously. What is free cash flow? Why was vod considered a cash cow? We seem to have only 2 people left on her that have a clue what they are talking about in these matters. fleccy in the blue corner & mole in the red corner. Complicated I know, but just," I say up, you say down" is just pointless nonsense. (apart from roofers prophecy game of course)
Jax. Do you by any chance work for rent an idiot? If not, then apply. The vod sp on the nasdaq currently equates to 71.49. compared to the l.s.e. close of 70.63. Hardly tanking is it? Being stupid is nothing to ashamed of, but being proud to be stupid is very stupid.
Jax if you post something it should at least be true, for minimal credibility.
Tomorrow will be fun
Afternoon all,
I’ve got minimal skin in this game, so not kept up.
I was going to ask if the Divi has been mentioned from VOD, I was going to ask about news on it reducing at all, but I see comments below asking for it to increase…
Is the Divi running at 11% currently, or I got my bits and bobs in a tizz?
Free cash flow. Fleccy & mole. What does free cash flow actually mean? I think it is meaningless. Profit is what counts. We need the profit to be more than the dividend. Lets hope that will happen soon. There is nothing free about free cash flow. It comes at a cost.
"This statement needs correcting for the benefit of the easily led. From VOD’s own accounts, actual FCF is lower than the div payout."
Moleman, you're correct that actual Free Cash Flow came in at €1.442 Billion, but they did shell out €1.893 Billion in share buybacks and have knocked €8.203 Billion off Net Debt. I admit that I struggle understanding Vodafone's accounts, but I don't believe last years figures were that bad. I'd be interested to know what other negatives you want to highlight in respect of Vodafone's finances?
Biggest lol ever
This needs to break into the 6s
Once the merger goes through with 3 they will want to reward all shareholders with higher Divi's for the sake of the bigger company going forward.
I dont think VOD will raise the divi either due to currently low cover.
But the following needs correcting for the benefit of the easily led:
"It’s hard to predict SP moves but I do predict 1.40 is years off. It relies on rates falling to 1%"
There is zero back up or calculation behind this statement. How did mole man come up with the 1% ?? Why not 2%? Or 0.5%?
Just pure tripe.
The signs are they would be foolish to raise the div.
It’s hard to predict SP moves but I do predict 1.40 is years off. It relies on rates falling to 1%, in the absense of a strategy and plans to grow earnings meaningfully. Selling assets and mergers that shrink market share do not grow earnings.
Who says they will not increase the Divi, No one yet.
Vod have money coming in , they have the Merger deal with 3 .
Vodafone will receive further proceeds of €500 million, taking total net proceeds to €5.4 billion and the Consortium's ownership in Oak Holdings GmbH ("Oak Holdings") to 40%.
Will you be so negative when the SP hits £1.40 ?
“ Do you know what , with the large amount of free cash coming into VOD I wouldn't be surprised if VOD increased it's divi next time to 6p.”
This statement needs correcting for the benefit of the easily led. From VOD’s own accounts, actual FCF is lower than the div payout.
This company has financial stress currently hidden by selling essential assets.
Should start to rise slowly?
Looks like it has established a good base to rise from.
Yes you might be right, £1.36 -£1.46 !!!!!
you need to buy now before it's too late.
Looking great to establish a finish in the 6s
GLA
Ok thanks gutter lol
Robleo - it is a good thing I is hear to keep desperate Dan calm while you is away
Hi Dan, well with hindsight as you know i had two chances of selling at 140, but too late now, looks like my patience will have to be tested again, not just vod but all of my shares have been beaten down with a big stick the last few weeks
never mind off on holiday next week for 10 day break in Gran Canaria, if it's 140 by the time i get back i will buy you a pint or two or three
Only joking rob, but I would have sold at 99p!
Rob, How dare you call ma a fool, I just sold a load at about 70.36 today.
Jedclampit. I follow jax's posts, & have concludid the guy is complete moron. Not though because he thinks the vod sp will fall, he me be right, although I think it will rise. but with his constant repetitive drivel we all know he is a complete idiot , so instead of arguing about which way the sp will go (because we really don't know) Lets just all agree that he is just a boring idiot & move on. I say up, he says down & so on, & so on, boring. Just go away jax, we are all fed up with you, unless you can come with something more constructive.
The trouble is there are too many posters on here that follow the rubbish ajax posts who has no idea of what is going on but continues to pull numbers out of thin air.
Once these takeovers are completed £1.40 will seem very cheap and many will be kicking themselves for not buying more at this price.