Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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If E& take another 5% and a 2nd seat on the BoD, that will secure the strategic direction. Presumably Liberty and Illiad wont be selling to them. UK and Spain where prominent in MDVs presentstion. Selling Italy to Illaid for €11.6Bn looks off the table for now, probably as she wants the cash flow to beat the forward guidance or she might be out sooner
LONDON (Reuters) -When Vodafone (LON:VOD) named Margherita Della Valle as CEO last month, investors adopted a wait-and-see approach to whether the company veteran was the right person to jolt it out of a deep malaise.
Within weeks, Della Valle gave them a stark assessment of the problems Vodafone faces. The reaction has been brutal, with the company's shares sliding to 20-year lows.
Della Valle, an Italian who joined Vodafone in 1994 and had been its chief financial officer since 2018, vowed on Tuesday to cut 11,000 of 90,000 jobs and speed up the delivery of new offers by giving local country bosses greater autonomy.
Her verdict on the situation in which Vodafone now finds itself has amplified calls for deals to overhaul key markets and for an improvement in the way it operates.
Complicating matters is an investor base with conflicting demands, concerns about Vodafone's dividend outlook and a workforce reeling from the deep job cuts.
"They're fighting too many battles on too many fronts, with still too much debt on the balance sheet," said investment director Russ Mould at AJ Bell, adding that the share price is reflecting concern around the dividend.
The British group remains one of the world's biggest telecoms companies, with a presence across Europe and Africa, but several years of underperformance versus peers had prompted some investors and analysts to call for an external hire as CEO.
While many observers in and outside the company had expected a fresh face, Della Valle won over the board.
This week she vowed to put a greater emphasis on Vodafone's enterprise division, long a strength, where she believes it can grow share in an expanding market as consumers look for ever-cheaper deals.
Vodafone's shares are trading at lows last seen in 2002, largely due to a cut to free cash flow forecasts.
"With the shares now yielding north of 9%, it is clear that Vodafone is a dividend stock incorporating the expectation of a dividend cut," Enders Analysis told clients.
Della Valle dismissed concerns over net debt, which Vodafone has lowered to 33.4 billion euros ($37 billion), giving it a 2.5 times net debt to core earnings multiple on a pro-forma basis.
"This puts any concerns about our debt levels firmly behind us," she said.
DIFFERENT DEALS
Vodafone made its name by often audacious dealmaking, and once had presences across Europe, Africa, Australia, India and the United States.
It has since retrenched but is now under pressure to go further and either exit or seek mergers in some European markets such as Spain, where it has begun a strategic review and is open to structural change like a sale or a network separation.
Della Valle said deals were a priority, but would not give any timing, and defended the structure of Vodafone, which has three major shareholders which could benefit from a break-up...continued
https://uk.investing.com/news/economy/vodafones-new-ceo-faces-tough-calls-to-reconnect-with-investors-3027453
I reckon most of the bad news has been reported...didn't help my recent purchase above 90p!....However nice divi which will settle the xd price at about 80p...then the crawl back to a £1 in 12 months
16 days to ex dividend date this has got to be cheap
Vod closing Sp 26th May
Fizzbomb 92p
Newsid 84.7p
Entries Closed..atb
Vod closing Sp 26th May
DarkBlue 88.6p
Kiw 85.5p
CWWX 91.5p
Kelboy 80p
Exil 86p
Entries...Closed
Atb
A lot of you lot assume that I'm not one of the big boys because i haven't bought any Vodafone shares. Well maybe my superior knowledge and market experience has prevented me from losing money on Vodafone....
Verily, i should be regarded as one of the big boys because the first rule according to Warren Buffet is don't lose money.
Yes, from now on i wish to be regarded as one of the big boys.
Something of a sage infact.
91.5p for me
Never goes the way I think, so I predict 80p. A bit further south before heading north
The mcap gap between the two is crazy.
Vod is known all over the world.
Bt completely recovered, vodafone permemantly down.
I has got fame at last
86p for me please Bob
Guttersnipe……aptly named I must say. You say in your last post you will nit be buying Vod, if that is the case why are you wasting your time posting here? Now run along and go deliver those papers before tge school bell goes.
Broadsword to Danny boy. You is strutting about like a chicken again. Just because Vodafone had a small rise Friday. Presumably you have been on the drink this fine evening. I will not be buying Vodafone, that is for sure 😄. Anyways the market in general seems fairly toppy, i predict a correction and a recession. You can almost get 5% in the building society and the professionals will be buying bonds.
As the two Ronnies might say, You could end up with half a green fork handle. Wisebear. Very wise. We sure do need a good laugh.
Daniel,
Let Guttersnipe be himself. We all need a laugh…
GutterSnipe. You say "as for vodafone, you don't have a clue" I think we all have gathered by now that you don't have a clue about anything. You do seem very confused most of the time. Try thinking, before posting on here next time please.
84.7
Thanks Roofer
92p
Gutter, if you look at the charts for house builders such as persimmon, the sp is currently at a 10 year low, and Vodafone is at an all time low, most people would say this is a buying time not a selling time, hopefully we will be in a better place a year from now, we need something good to happen like an end to the war in Ukraine
I bought Taylor Wimpy for £1.60 back in 2007 and it went down to 3.5pence and then back up to £1.60 where i sold a few years later.
As for Vodafone i don't have a clue, maybe you could make some easy money from here or maybe it's a value trap.
I am often tempted to buy but feel like i would worry if I did.
The Taylor Wimpy shares i thought were finished at the time and just stopped watching.
Yes your right and there's plenty of losers like me who are in on VOD.....Onwards and upwards fingers crossed
Porn is for losers
Green candles is a runny nose Oop Manchester way i believe. He or she must be from there once upon a time.