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Germany - Consumer price index, May 2023:
+6.1% on the same month a year earlier (provisional)
-0.1% on the previous month (provisional)
Continued drop
May 2023 +6.1%
April 2023: +7.2%,
March 2023: +7.4%
February 2023: +8.7%
https://www.destatis.de/EN/Press/2023/05/PE23_210_611.html
I am only trying to mess with fleccy lol
The UK is out of the EU and he is still complaining about it.
@avocet123, lol, you were born in the wrong colonial century
Well I've written a strongly worded email to my MP about it, so I've done my bit to air my grievance. Sooner the EU implodes the better as far as I'm concerned.
1946 your projecting well today.
@jap. Yeah, the advice would be you’re an idiot. You can buy quality US growth but you think buying a shagged out declining business model debt ridden badly managed terminal decline about to suspend its dividend falling knife mob’ telco would be “ an investment “? Jesus tapdancing christ there are some thickos on here, no wonder the U.K. ended up with brexit.
Poker.
Totally in agreement, but can we make an exception for avocado. My wife likes them.
When it comes to Imports I am totally a Nationalist
When it comes to Exports , I cannot abide Nationalism
:-)
Today turned south real quick, any ideas why?
Yes and British companies should be banned from doing any business in the EU, and not be allowed to buy any EU businesses. British should just be British, for the British, and only in Britain, and nowhere else and especially not in the EU.
Fleccy
sure ..it is up to the UK Government who they give contracts to.... and whether they believe there is any security implications regarding that .....the ball is in their court to decide that
meanwhile...the EU decided that giving access to sensitive EU data to a non-EU nation was not in the bloc interest ....
what do you expect ?
German index of import prices decreased by 7.0% in April 2023 compared with the corresponding month of the preceding year. This was the highest decrease compared with the preceding year since October 2009.
Mainly due to energy price decreases of 31.8% compared with April 2022
German prices for consumer goods and capital goods increased by 4.6% and 4.7% compared to April 2022.
https://www.destatis.de/EN/Press/2023/05/PE23_207_614.html
The EU can do one as far as I'm concerned, they're just a bunch of protectionist scumbags. It's about time the UK Government started looking at all EU companies with interests in the UK, and cancelling their contracts like the EU have just done to BT in respect of the TESTA contract, which Telefonica had a big part in causing. Telefonica own half of VMO2, so under those circumstances shouldn't VMO2 be banned from any UK Government contracts?
French inflation shows a fall this morning, more than expected , just like in Spain ..... latest German inflation figures due out at noon GMT
In France :
"Energy inflation fell from 6.8 per cent in April to 2 per cent in May, while food inflation dipped from 15 per cent to 14.1 per cent. Price growth in manufactured goods and services also eased."
Better French figure could be reason for the morning up tick in VOD ...with hope for a similar improved figure from the German figure
https://www.morningstar.com/economy/why-we-expect-inflation-fall-2023-2
I've been keeping a close eye on vod for a while now and think I might dip my toe in soon as I can't really see sp getting much lower than this. Any advice? Thanks in advance
We all know on this board that the share price is connected to markets/algos and the general macro env. However, this company ain’t going anywhere, the brand alone is worth god knows home much. If you can be patient, you’ll get paid imo.
Where do you see this ?
I added at 79p, hopefully will not lose money on that :)
Barclays raises target price to 115p from 100p for Vodafone
2% again today
I came back as their world roaming covers a country I spend 3 months a year living in, it's that simple. I'll keep some phone contracts with them the rest I'm slowly moving. It's a car crash..
The average interest in a period of 400 year low interest rates -really ?? I think it might be different now !
I don't need to check the bonds, the company is very solvent, they will recover but it needs a good captain to turn this big ship around.
1. Based on bad experience 15 years ago when I left them. Came back 2 years ago as I thought they must have improved and it's got a lot worse. Several contracts with them, hours on the phone, broken promises, cancelling the wrong contracts leaving me with no broaband, speaking to people who can't understand basic English. It's a shambles when it goes wrong.
2. Underlying debt costs are rising - do you think they're dropping then ??! Read the balance sheet and accounts, look at the share price...! Those are the facts..!
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1- still a subjective opinion - sorry. Why did you change back to vodafone if you were happy elsewhere?
2 - It appears we are reading the annual reports differently!
Just check out the annual financing cost going back 6 years. What is the average annual financing cost for that period and how much did vod pay towards these costs last year and how does that compare to the average you calculated?
Again, looks like we are reading the balance sheet but arrive at a different conclusion! How has the net debt moved since last year? Have you bothered to look up the outstanding bonds table? If so, what seems to be a worry to you?
I said at 90p it would drop into the 70's. I said the market would sell off, this is just the beginning !
You keep averaging down, I'll keep shorting the markets and will wait for a clearer entry point - it's not yet though..!
1. Based on bad experience 15 years ago when I left them. Came back 2 years ago as I thought they must have improved and it's got a lot worse. Several contracts with them, hours on the phone, broken promises, cancelling the wrong contracts leaving me with no broaband, speaking to people who can't understand basic English. It's a shambles when it goes wrong.
2. Underlying debt costs are rising - do you think they're dropping then ??! Read the balance sheet and accounts, look at the share price...! Those are the facts..!
1) "Customer service is horrendous if you need anything except an upgrade or some more stuff... "
2) "The debt is getting more expensive to service which will impact margins more than any inflationary upside and revenue is effectively static. "
--
So many subjective statements!
1 - What is your proof point? First result on google search: https://usave.co.uk/mobile/best-and-worst-mobile-networks/
2 - What is your assumption based on? Would love to hear it. I will then share with you links to actual facts.
Mr Long, it was a three pronged point and I was responding to an "it will be alright as our income will go up loads because of the inflationary increases"
It won't overall because if it's out of kilter with the average then customers will shop round and move (there is a cost of living crisis).
Customer service is horrendous if you need anything except an upgrade or some more stuff...
The debt is getting more expensive to service which will impact margins more than any inflationary upside and revenue is effectively static.
Put simply they've spent too much on infrastructure and have lost sight of what is the most important aspect of their business - the customer.