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Why take on leverage to buy more shares. You were wrong last time so what makes you right now. It might drop again and then how can you average down again? Then if they cut the divi and mortgage rates keep rising ...... etc
Yes it could all turn out wonderful in hindsight so add more "free cash" when available or better still add more other income assets to spread risk. I advised someone else against buying back Vod instead of paying off the mortgage and it didnt work out. So my advice is loose a shirt rather than risk a house.
As for how low could it go .... Well Zero at worst case and there would be no divi either. Just a nice corporate action email to confirm. It will probably arrive at the same time as the foreclosure email.
There is educated risk and there is gambling. Why not put your house on black or red, same odds better return.
Hi Danieth, I don't know where you buy your j d & coke, but if you have one every time time vod sp goes down, that's a awful lot of jd's + cokes.your supplier could buy alot of vod shares with the profits.
Pokerchips, Sorry if appear picky, but a 5% yield only applies to those who buy at 1.30, not the vast majority of existing vod shareholders, who will get a lot less, so I think,with respect, to quote 5% is misleading.
Just scrap the dividend, sell some non core assets, pay off the most of the debt and get the SP back to 250p easy. It's quite simple, you can't pay big dividends whilst having big debt and expect the SP to increase.
Gerry, Now there's a thought, sell my house, put the lot in vodafone shares, then go & live in my tent. I don't think I can do it without my wife finding out though, but I'm sure she will understand (she loves camping)!! Wish me luck?!
All jokes about hemorhoids and bottoms aside, and also in response to Gerry557...
As some may know, I have been buying VOD since 197 all the way down to 137, my average is 156.
I feel that, in an unknown period of time to come, I will look back and wish that I'd bought the bejeesus out of this thing when it was in the 130's, so here is my serious question.
I know that the recent analysts have given a 125 price target, so in a bad case scenario, lets say it actually goes to 125, but in a worst case scenario, what do people think that it could actually get to? 110? 100? lower?
The reason I ask is becasue I was NOT joking about putting my house on the line to get more funds to buy shoud the price begin to fall.
In answer to Gerry557, this is my only house and I live here with my wife and two kids (who know nothing about this by the way!!)
I think someone on here hit the nail on the head on here the other day when they said , while there's so much debt on the balance sheet market makers will hold share price down. People been trying to average down since £1 85 + in the main, without joy. You say Brexit crap out the way, well here is a open question to all. When do you all envisage all this Brexit crap to be out of the way. Imo, it's set to run + run + run.
I assume you as jesting when talking about risking the house on Vod shares. I suppose it depends on how long you have to repay the mortgage and what risk you are prepared to take. Maybe you have more thn one residence so losing one is not that big an issue.
Still a 10% divi to pay a 2% mortgage sounds like a plan even if you discard eggs n baskets and not having a regular monthly income from Vod. I suppose a basket of mixed shares might be less risky and help with the monthly payments issue although unlikely to get 10% more like 4.5%.
Sods law says if you do, this wont be your SP bottom, the divi will get cut, and Vango tents will be your main bb talking point. Then again if you dont you wont get a free house either.
I dont mind loosing a shirt off my back but Id like to keep my houses!
Yeah, everything points to us being near the bottom. I wish I could bring my average down but not really in a position to do so. Luckily the funds I have tied up in Voda I don't need at present so can just sit and wait.......for now. Next year, I may need the funds so praying we get near 190. Even if we get to 175/180, should still just be up with the divs. I think when all this Brexit rubbish is out the way, we'll see the 150's pretty quickly. 190 may take a hell of a long time though.
My break even on this is much lower at the mid 150's and I can't even see that anytime soon! Feel sorry for those with higher break evens but I'm in the same boat as all my other holdings like Barclays, centrica, itv and Taylor wimpy
Nail on the head. I'd rather accept my poor timing or my over-confidence for not holding cash back, even if for years before this was a "defensive stock", than to deflect all self-responsibility. If shorters or MMs had such a hold on this particular stock, then why not any number of other FTSE 100 stocks with far higher SPs & with much smaller daily volumes? If it was so easy to manipulate, they'd do so.
No, this is more about a number of related uncertainties coming together to undermine confidence, including some macro-factors, & concerns about a downturn in some VOD fundamentals.
For all that, this remains a firm hold for me even if it takes well into 2020, unless we get more bad news. - GL .