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No "open shorts" according to this site ?
Just because share falls doenst mean its being shorted. Bug intitutions are probably selling
Brought back in at 82p will buy more if it drops to mid 70s for dividend,hopefully it will rise and I would have a nice profit.
My guess is that a very considerable part of the price fall can be attributed to massive shorting by the hedge funds. They're playing a risky game because if the sp remains at its current level very long, there is a very real possibility that someone will make a takeover bid. In any case, those are all shares that will have to be bought back sooner or later and volume is a two-edged sword.
I don't think it will drop below 70p with the dividend coming, but I think low 70's on the cards after that the way things are going imho.
I guess yesterday’s drop wasn’t hard enough
Buy the dips
At least there's a divi, I dare say, many divis.
Holy shid box, even i didn't think it would fall today.
Maybe the Americans are short or something.
I'm tempted to buy but i don't have the courage/possible stupidity
Really have it in for VOD ... :-(
" I guess market is saying cut or suspend dividend and reduce debt much more. Maybe down to 25b."
no, not right now ....
The market wants the US to get their debt nonsense sorted out, inflation under control and a chance that GDP can get back to growth into 2024 .... it doesn't want VOD to fold and throw its cards into the pot ...no....not at all
Lease Liabilities needs to be broken down into an average per year amount ... a total is meaningless ..all it needs to be in manageable
The debt isn't the problem...as such...the problem is getting the right return from having that debt
..that is where they have improve, which the CEO recognises ....if not then sell the asset you cant improve its return
....like Italy, who has to improve their GDP and productivity, rather than look to cut debt , which is difficult
AT&T debt is $143billion
"They still carry total debt commitments to €66bn."
As Pokerchips implied, If you're going to quote debt then you should break it down:
Gross debt (€46.655) Billion
Cash and cash equivalents €11.705 Billion
Short-term investments €4.305
Derivative financial instruments €1.917 Billion
Net collateral liabilities (€4.647) Billion
Net debt (€33.375) Billion
It's debatable whether Lease Liabilities are debt, or an operating cost, BT count them as NET Debt under a different accounting standard, Vodafone don't. Vodafone's Lease Liabilities are currently €13.364 Billion. Then there are things like €1.485 Billion secured against Indian assets which subtract from the Borrowing figure of €66.390 Billion as they are covered by assets already written off.
The only figure that really counts is the Net Debt figure of €33.375 Billion, as that's the bottom line debt figure. I don't blame Vodafone for separating Lease Liabilities from the Net Debt figure, since the financial press seem incapable of understanding the difference in BT's case, where lease liabilities are included in Net Debt.
" They still carry total debt commitments to €66bn."
This is meaningless, unless you add in the total revenue and returns etc expected during the lifetime of those debt commitments
like saying you have a mortgage of £500k but missing out you have 40 years of income to pay it off
Has there ever been a day it hasn’t tanked on us open?
Sp not looking too clever
Could be options etc from iberty Media liquidating. They havent bought shares outright.
Well that quickly turned to red after the US open.
I guess market is saying cut or suspend dividend and reduce debt much more. Maybe down to 25b.
The big city buyers are more concerned with cash flows to put into the discounted cash flow models, and in this respect Vodafone are guiding to lower cash flows in 2024. That is probably what worried them and outweighed any decline in net debt.
If cash flow becomes an issue then the cash in the bank can decline rapidly which will lead to an increase in net debt. They still carry total debt commitments to €66bn.
Value will be realised in the end. But when is the end?
The large city buyers missed the reduction in debt to 33 billion this is a 25 percent drop and deserves a large increase in the share price
Good boy longterminvestor keep up the great job of proof reading the whole of the internet. Giving up your life for this important job was definitely worth it.
P46
''Most of the posters on here need to go to an adult learning centre, thick''
''That lack of intelligence''
'' I guarantee''
'' net cash is vaporising''
Your 11:38 post regarding Vod lacks any intellectual foundations.
Providing they are able to maintain their dividend payments this share is probably worth holding as an income stock. I have been a long time holder, probably should have sold some time ago, but the income after a number of years reinvesting the dividend is now most welcome. The new CEO has already taken decisive action on staff numbers. This may be the turning point for the Company.