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Last day of the month...possibly related to monthly account adjustment ...
Seems cheap but is it?
The eternal question
When the market wobbles, weak shares tend to crash even more. There has been zero market confidence in Vodafone for a long time.
Van Boxmeer, the Chairman, role is to woo the large institutions and engender strong market sentiment towards the strategy the company is following. As he has been in office for 3 years+,
the market has given its verdict.
Destruction of shareholder value will only be arrested if the CEO can arrest the decline in all areas of the company - fcf, customer numbers, discharge unwanted assets at acceptable prices
etc., a vey tall order.
What has gone on today is beyond my understanding, hopefully a full RNS tomorrow.
Vod profit warning 1 (banked) see trading update
Vod profit warning 2 (not banked)
Vod profit warning 3 (not banked)
Dates on profit warnings 2 and 3?
I suspect after Germany’s unexpected technical recession profit warning 2 will be imminent
Number 3 will be in a month or two when interest rates really spiral and take hold
Then we have the Carilion effect
"There were big UTs across the market today fools"
It was noted if you read the entries on the Lloyds page, can you explain why jax? Even taking that into account the Vodafone closing UT was big.
Lloyds routinely gets higher volumes than Vodafone:
https://docs.google.com/spreadsheets/d/e/2PACX-1vSVzuExpz8wA6wSe4UYNF77ABNpeZl6fyFbNG9CvFN9Dfan-bb1ShTTcPXaj77fXju6TMPEIPkjDys5/pubchart?oid=2085752711&format=interactive
https://docs.google.com/spreadsheets/d/e/2PACX-1vQ49B8X4hFFdtXb6WUx45CDRcgMt5FBglgZCFc5UnApKRpOX8cznaVjvfKeIWdC6xr70q5wCbdhpFe7/pubchart?oid=2085752711&format=interactive
You would expect Lloyds to have a higher daily UT than VOD, but not today. The charts will update with todays volume tomorrow.
"the last thing people will do is to cancel their internet and phone services"
No..but ..you can see the growth already in Spain and Italy in contracts moving over to the "low cost" VOD brands..plus ...affect of any recession on business area growth
Largely depends on what the job loss numbers would move to , I guess
Fleecy look at other stocks big UTs nothing happening here
Apart from terminal decline
Todays Volumes
UT 315,994,147
On Exchange 36,231,832
Off Book 53,822,288
Surprising that the closing UT volume was more than 3 times bigger than On Exchange, Off Book and morning UT trades combined.
There were big UTs across the market today fools
Vod is in a deep decline and it ain’t ‘the market’ happening here.
I seriously believe it is imminent that Vod will be on its knees with MDV holding a begging bowl - I’ll take a £1 takeover - big premium to these levels
When Danny boy gets in and checks the share 😁 price he's gonna go mental.
Is Flemmy the new Daniel?
No, Daniel is a unique individual but when Flemmy posts such as “ All the more reason we should move even further away from the EU. They're not our friends, the sooner the UK Government accepts that the better” & the rest of his nationalistic rants it makes me wonder why he has spent money on a company such as Vodafone who after all has one or two overseas interests.
Close the airports, barricade the ferry terminals eh Flemmy, ha!
“Carillion didn't have Vodafone's cash Flow and issued three profit warnings in less than 6 months, hardly a valid comparison. You'll have to try harder jax.”
I believe at the most recent trading update MDV made a very clear profit warning - did you miss it?
Interesting on the call now, a Spain 'deal' will be layered in on top of the must do better outlook. That would be more than €4Bn if they sell the lot
"Didn’t Carillion do the same thing"
Carillion didn't have Vodafone's cash Flow and issued three profit warnings in less than 6 months, hardly a valid comparison. You'll have to try harder jax.
“I'm surprised they've maintained the dividend myself, but they wouldn't pay it unless they thought they could afford it and they could easily drop it if they needed too, hardly a sign of a company in terminal decline.”
Didn’t Carillion do the same thing with a divi payout and with a ‘part of the furniture’ ceo at Vod, you might regard her as blinkered with doing anything other than paying a divi. Bless her, her 30 year career is here so her emotions have gotten in the way of business. Is my opinion anyway.
I hope your right about tomorrow As I’ll be shopping if your right.
Actually the recession was not unexpected at all.
"Huge" is very subjective. What is huge. A mild recession has been on the cards for some time, but the last thing people will do is to cancel their internet and phone services. Make no mistake, this is a utility.
"Germany their biggest market is now in an unexpected recession = unexpected huge decline in revenue"
Why will that translate to a huge decline in revenue? People still use their mobile phones and watch TV during recessions.
"Selling assets to pay off debt = desperate"
I used to work for Vodafone, made redundant in 2019, and back then they were constantly looking at selling assets they didn't consider Core. In fact throughout my time working for VOD, they were constantly assessing what to keep and what to unload, this is nothing new.
"Keeping the divi at marginal (and marginal is important here) sustainable levels = reckless"
I'm surprised they've maintained the dividend myself, but they wouldn't pay it unless they thought they could afford it and they could easily drop it if they needed too, hardly a sign of a company in terminal decline.
Parity with BT is my prediction
10% down tomorrow
Still 90% short on various markets but started to pick up a few bargains today - but not these.
There is no conspiracy, these aren't being played, it's a further downward rerating on the higher inflation and therefore higher interest rate numbers is my guess.
Still a way to go before the market bottoms - so no rush...
Germany their biggest market is now in an unexpected recession = unexpected huge decline in revenue
Selling assets to pay off debt = desperate
Keeping the divi at marginal (and marginal is important here) sustainable levels = reckless.
No tier on interest rate hikes.
To name a few
For once I agree with fleccy.
VOD is still making billions.
It's cut its debt, and costs (workforce)
I dont believe in conspiracy theories but it does seem like the sp collapse is being managed somehow.
"Vod is becoming terminal"
jax, show us a detailed financial analysis to back up your statement, I guarantee you wont be able to.
Malone and Liberty Group allegedly have a 4.9% stake in VOD as of March 2023 (no mention of him shorting it? Anything is possible in this rogue as **** market though!)