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All the research in the world can’t predict stock price movement unfortunately but I’m happy to take advantage of days like today.
Is that what your crystal ball says or is it research?
'Nobody would design the structure today.'
Interesting Turkey is back in the fold in this version of the simplified holding structure. Maybe a change in fortunes there.
https://investors.vodafone.com/sites/vodafone-ir/files/vodafone/results-presentation/simplified-vodafone-group-holding-structure-28-february-2023.pdf
I bought in today. Just had a look at the after hours sales and some serious amount a shares changing hands. I wouldn’t be surprised if this opened 90p tomorrow.
Nothing in that trading update should have made this fall 7%. I see a nice bounce coming tomorrow……maybe see this 5% up. Good luck on and all.
'The most revealing chart in Della Valle’s presentation was the one about returns on capital. The UK, Italy and Spain were shown as recording returns below the group’s cost of capital and even Germany – where Vodafone is market leader – was just “around” cost of capital levels. That’s a very poor starting position. The dividend was held this time but a 9% yield says the market wonders for how much longer.
The presence in the wings (and now on the board) of Emirates Telecommunications Group with a 14.6% stake offers the vague possibility of alternative excitement. Really, though, a turnaround comes down to Della Valle’s ability to secure value-creating deals. If nothing else changes, Vodafone, even with 11,000 fewer workers, will still look like a sprawling conglomerate that is currently valued at a massive discount to the supposed sum of its parts. Nobody would design the structure today.
Della Valle deserves the benefit of the doubt on her first big City outing, but the latest fall in the share price can’t be blamed solely on the weak cashflow forecast for this year. Part of it surely reflects a sense that, for all her candour about Vodafone’s performance, investors have yet to discover how radical she’s prepared to be in cutting Vodafone down to coherent size. It’s a tough gig, but shareholders’ mood is for maximum radicalism.'
https://www.theguardian.com/business/nils-pratley-on-finance/2023/may/16/vodafone-new-boss-margherita-della-valle
And on your final point (radical action), the CEO has come out with some very dramatic comments, paving the way for a huge restructure. It could have been detrimental and organisationally demotivating to take this level of action without appropriately setting the scene.
Good luck to the management team in what will be a tumultuous and challenging period
Xxx the thing with Vodafone is that there is almost no downside risk! I agree, equities of this size and quality do not usually come around with double-yer-money potential
Wow, they’re huge and at 84-86p. Somebody obviously wants in.
Wait for an RNS this week from major investors who want a piece of Vodafone
Indeed. I got in at 95p and thought that was a bargain. The markets are bizarre but then look at BT they dipped to £1.17 and now back up to £1.50s
Patience is a virtue. Once the markets can see out new CEO making radical changes such as selling some of the overseas businesses and merging the uk rather than talking about it all the bloody time we’ll go back up again…
Vodafone board, stop talking about it and take some bloody radical action now
“I am changing my diet to unpleasant sandwiches”
Add lashings of mustard.
If a company that is forecasting c.£3bn of cash inflow in a year of significant restructure/transformation/reorganisation is considered an unpleasant sandwich with a market cap of c.£20bn, then I am changing my diet to unpleasant sandwiches
" Debt levels down significantly - leverage is now 2.5 x EBIDTA. Massively undervalued and oversold. "
The asset sales mean that this year there will be €1.4 billion less on earnings and €600m less on FCF from not having them ..... lose the asset, lose their earnings and CF
...hence part of the reason that the EBITDA is not guided to grow this year and part why Adjusted FCF is expected to fall to €3.3bn ( also will receive lower dividends from other assets)
Selling assets is not all a one way ticket !
Blimey, I'm even surprised to see it this low before the ex divi date. Could this go into the low 70's after it goes ex divi?
Xxxaccountant
Agreed. Those who understand the intricate details of investing, business and accounting will appreciate this one. We should be happy that we have the opportunity to top up at these levels.
Lol the sp is trading less than 5x forward cash flow
I’ve been investing/trading for 20 years and an accountant by trade. I’ve never seen a company with so much potential upside values this way. I think the biggest investors simply wanted to break up the company to maximise value. Maybe that’s the best way forward but I’m completely perplexed on this one. Financial results extremely strong.
Compare us to BT. We are producing nearly double the ebitda and yet market caps not that far ahead. And BT is heading for £2 a share….
WTF
Not many investors get to sell at the highest highs or buy at the lowest lows.. but I'm sticking to my prediction and that's all it is a prediction.. which is closer to happening than this SP hitting a £1 anytime soon..
Added another 8.6% to my holding. Ridiculous price level so happy to sit out this one.
Fun fact is that as the CEO is Italian, this may lead to a positive outcome for the Italian unit. She is bound to get a lot of headlines in Italy and so she should and Italians should be proud of her success. We may experience a flywheel effect shortly.
Debt levels down significantly - leverage is now 2.5 x EBIDTA. Massively undervalued and oversold.
Africa + IoT powering on under the radar.
35k @ .8234, fingers crossed :-)
Highly probable.
When buying and selling shares there are only two price points that matter, the buy price and the sell price; Anything in-between is just noise.
Cart
''anyone for being remotely right. ''
Why would I or anyone do that?
You said 'Yet here we are.''
That was not a factual thing to say was it?-
90p is the middle of 80p and 100p. 89p is nearer to 80p than 100p - big deal.
Share prices go up and down.
Let us know when it gore to 80p - I may buy some more
Ppl even disagree with me!
I try telling them that Blair, landlords, house of lords… all need to be abolished. Prison for self serving Blair, but no!
Ah well, we can’t ALL be perfectly correct.
It's a huge shid sandwich and we'll all have to take a bite.
The only fact here ..is your desperation to attack anyone for being remotely right. Or is it my imagination that we are closer to 80p than a pound...