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News out? Big jump in SP
Added at this stupidly low price....
Https://www.cmcmarkets.com/en-gb/opto/what-will-a-vodafonethree-merger-mean-for-5g-in-the-uk
Porsche
Ckuf off mate, there's a good girl.
Should be in the 60’s soon, this isn’t being shorted now, it’s just being dumped. Lease liabilities now worthless due to commercial property collapse, all those empty vodafone shops, so that’s another 12b of debt on top of what it already had. As soon as bondholders ask for a capital raise to reduce debt and dividend payout cancellation should be sub .50p, the collapse happening even faster than I thought. The whole ftse now held up by 5 shares, when they roll over ( 4 of them cyclical ) index will be back to 5400, short and trade U.K., it’s not investable, even the brexit ‘tards understand that.
"It’s my belief that both Voda and BT will both need huge capital raises further down the road, to remain in existence."
We're all entitled to our opinion, no matter how ridiculous it may be. Personally I view my analysis as reasoned and well thought out.
BATs and IMB dividend same story before it recovered, although now falling back. How can you argue the cost of equity should be lower than the cost of debt. Also VOD debt is c3% service cost.
Its a good sign to see Toff posting as he turns up at the bottom imho
You know you can' take the PE ratio righ now? It's a PE ratio heavily effected by a one-off transaction. The forward PE ratio is more like 9 which whilst low, it doesn't really scream massively undervalued. Unfortunately, we have a Low return on capital employed, so whilst the Market value vs Book value looks really low, if we aren't then sweating those assets well enough (eg a good ROCE) then the earning will be low hence the "OK" looking forward P/E.
Cracking post from TA1
Added another 10k at this silly low price.
Big thanks to the shorties here. 😉
Fleecy
‘I would think there's a limit to how far the market can push the price down from here.”
Yes and as with any other share that limit is zero.
Last time I checked (about 12 months ago) Voda was saddled with over €40 billion of debt. As the shareprice tumbles the ratio between market capital/debt increases. In the long term that is unsustainable. Cut throat competition and wafer thin profit margins adds to the sector’s woes.
It’s my belief that both Voda and BT will both need huge capital raises further down the road, to remain in existence. So all those dividends you’ve reaped will be paid back with interest in order to retain your slice of these companies. It bewilders me to think that Voda continues to pay out unaffordable dividends which aren’t covered by earnings. Effectively they are borrowing even more money to pay dividends and digging themselves deeper into a debt hole, from which there could be no return.
In my opinion Vodafone could fold, go bankrupt - followed by a fire sale of its assets to pay off its creditors. There’re clues in the shareprice Fleecy - and Vodafone is being priced to fail.
Now around 2, clearly Vodafone is undervalued.
I would think there's a limit to how far the market can push the price down from here. The share price isn't important to Vodafone's finances, as they clearly don't need to sell stock to raise capital, so the price will have to turn at some point. The Telecom sector has been underperforming for a number of years and Vodafone has been particularly affected by the negative narrative directed at the sector. From a retail perspective I have a large holding in Vodafone and no intention of selling, so I wont be falling victim to the market's games. In my opinion, Telecom stocks will eventually climb out of the hole the market's thrown them into.
Please elaborate how have you hedged your bet?
Got to hedge your bets
Jax, with all your negative predictions I think you should sell up. Looks like you think you will be wiped out.
I have some leftover thanks for asking
Jax, hope you have sold up by now ??
Still no merger news and mcap getting close to what Vod paid Liberty
Probably one of the worst deals ever….tragic
I’m amazed at how much you guys are letting the trolls wind you up. Don’t get me wrong, it’s worth listening to every opinion that contradicts your own thinking, provided it there’s some basis in reality.
If someone is saying that they’re long but they think it’s going to 50p this week, or that the dividend won’t be paid without providing a reason why, just filter and move on. Life is too short.
My current position is that I’ve done a couple more top ups the last week or so, taking my average down to 82p including dividends. I’m probably not going to add to my position for now, I’m happy to wait and see.
I am amazed that the SP has gone so low. I would normally say it represents great value, but the key in the short term is the merger and how the market reacts to that imo. I don’t mind waiting for the details, but I can understand why people are getting impatient. Patience is the name of the game though
GLA DYOR
Jax, have you sold your shares yet then?
Why are you intent on losing the lot of you think vods going bust?
Hi rob. Sorry mate, but I don't get this egg on your face thing. We all know that vod has been a bad investment lately,some win,some lose. (unless you are neutral of course) Guttersnipe neutral? Are you serious? Bi polarised more like.
I am not talking those who have lost money on vod. I am talking about the sad idiots in life on here who just want to put down those who have lost money on vod shares. They are the real losers in life.
I would not want to influence anyone in any way.
From now on i will be neutral also.
Gutter nobody does know, and I'm not sure which are the worse the ones trying to persuade others to sell up at a loss or the ones trying to influence others to put there life savings in here
it will all come out in the wash as they say
for myself i will just try and remain neutral for now, but i can't deny being disappointed seeing this drop down so low
Robleo - It will not be the sniper for sure, i just watch and wait for weeks and weeks until something seems cheap.
Patience is key.