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I believe its a done deal. Vodafone and Hutchison already have had a nod from the Government. Regulators will not hold this up.
See article below + extract from it.
Full story: https://tinyurl.com/yvzmuv8u
"Sources told Reuters in April that the companies could commit on network investments as part of their approach to regulators.
Hutchison's senior leadership met British government officials in March to seek political support for the deal, the sources said. A few weeks later, the government confirmed its "openness to market consolidation".
Uk blocked the Microsoft deal and euro passed it. My thinking is that if Sunak wants deals from the US he might have to be more accommodating of take overs etc!
I think this has been expected for a while.....it is the Regulator hurdle that has to cleared ..that is the main issue and slowly the Govt and Regulator will warm to the idea IMO
Don’t expect any favours from OFCOM or CMA…they will be lobbied hard by the competition…and in the run up to the election the politicians will make a lot of noise.
However, the landscape has changed a lot since Three / O2 combination was vetoed (incorrectly per the courts) and the regulators need to recognise that running a network and providing a telephone service are two different things….there are plenty of low value customer offers from virtual operators that mean a merger will not create higher customer bills…..
This needs to be seen for what it is…..creating a new strong player from two subscale operations (subscale because their competitors were allowed to merger).
It should give a boost to VOD and CKHH and result in a better service for their customers in the UK.
Terrific news.
'The combined entity would surpass both BT’s EE and Virgin Media O2. The consolidation of these two telecommunications giants would undoubtedly reshape the competitive landscape of the British market.'
https://www.telecomstechnews.com/news/2023/jun/07/vodafone-uk-three-announce-merger-friday-early-next-week/
The Spanish arm of Vodafone management and the second of the day shows that everything is getting more expensive with the infrastructure.
Nevertheless, verify that the political class would be negligent if found responsible.
Truly, Vodafone is a special case with a huge cash burn and massive debt load.
Plenty of other shares to invest in, so why take the chance?
I wasn't expecting it to rise so much today. But as it has, I've closed out. I'll consider buying back after the divi when I think the price will be under 76
Mr Long, yes you pay tax along the way, over the 25% tax free.
If you are a 40% tax payer and retire on an income less than the 40% tax threshold, you are only paying 20% tax month on month. The state pension is £10k too, when you can get it
In the meantime, some good news today.
https://www.reuters.com/markets/deals/vodafone-hutchison-announce-uk-merger-soon-friday-sources-2023-06-07/
I expect thats the news Liberty wanted before selling their 'non core' assets and converting their derivative to stock with the cash. Niel may also increase his stake as the starting gun has been fired. E& may have to pay a bit more for a 2nd BoD exec.
Shorts might want to close as the risk profile has changed.
Rating agencies may say something later that improves outlook.
Prediction not so good but I’m long
How’s that short looking Jax?
Very positive news. 1st domino in the EU consolidation programme. Well done UK PLC. Well done VOD!!
Just come through on IG Live
VODAFONE AND HUTCHISON TO ANNOUNCE AGREED MERGER OF UK OPERATIONS AS SOON AS FRIDAY OR EARLY NEXT WEEK- RTRS
8:26 am · 7 Jun 2023
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951
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Not keen on the sipp as you pay the tax on the gains and the money you put in along the way, once you’ve had your 25% out (I think). Apparently if you don’t take any off it (the sipp) it can be passed on tax free! A million in an Isa has to be the goal, then get a liz truss moment and buy 30 year gov bonds at 8-10% return. Always draw that profit until your gone, then you can pass the whole Isa on tax free up to a mill on ihrt. Wishful thinking!
I'm buying here too. At these prices VOD is a nice takeover target.
3 merger announcement soon…
Mr Long.
There is no right or wrong between ISAs or SIPPS until the benefit of hindsight or, perhaps, whatever tax scheme you currently work with, so good luck.
I avoid the highest rates of tax using a SIPP. The fact that VOD has dropped more than the highest rate of tax in the last 5 years is small comfort, but I also get the dividends and, while you cant be right all the time, selling and buying back lower when its obvious, also helps. The tax benefit and the regulated telecom business model is a compromise and a buffer imho..
VOD is not alone in its performance with many value/div stalwarts also hitting multi year lows. But in the end, the market corrects, we rebalance and life goes on. Not many hold all the way from the top to the bottom and back up. But that generally works too.
From experience, as a simple private investor, its best to ignore the traders at the watering hole preying on nervous retail investors day to day, but thats also part of the price search process...
So, ex div on Thursday I think? Woohoo, thats my september european holiday money :-)
According to City Wire today Beagles and Lowen of JOH fund have been buying Vodafone stock in recent days.
I have ours in the Isa’s which we don’t touch.
🤣
'Excellent. With a drop like that, get your buying boots on and shop this share like a maniac!'
I am buying to hold in my sipp for nursing fees. If it doesnt come good by then, I will have dementia ;-)
Signs of green candles on the t next d and no sign of a w.
Dyor gla detys bf
Excellent. With a drop like that, get your buying boots on and shop this share like a maniac!
Just to provide balance Vodafone has claimed one of the top spots as the worst performer in the FTSE 100 in May falling 18%.