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I assume the zero growth is upsetting the markets but i gotta say the reduction in debt is the big thing for me , another year like that after some cost cutting maybe a 3 merger sell spain and italy , for LTH this looks good to me
" I’ve never seen an annual report so long….how on earth can the analysts digest that in an hour of releasing the results."
Analysts are only looking at key figures and they pick those out in minutes , all the rest is waffle to them ...they want numbers, not words
It is all about improving performance and an action plan... and timescale for it all..... cant hide any sliding performance behind asset sales , the market will see through it
Dont think there was anyything bad enough to take it down to 83. support seems like 86 or 87.
E& might pick another 5% if they can get them?
"I’ve never seen an annual report so long….how on earth can the analysts digest that in an hour of releasing the results."
I suspect they're focusing on the forecast drop in Free Cash Flow in the next year, possibly seeing it as a threat to the dividend.
One thing is certain - SP will be volatile today - expecting large swings
Xxxaccountant - I agree. how can you read a report and make a informed decision that quickly ? guidance is also important here
I’ve never seen an annual report so long….how on earth can the analysts digest that in an hour of releasing the results. I say wait for the conference at 10 and see what happens then. Wouldn’t be surprised to see a complete recovery.
After a 15% price in last month I can’t see why the analysts are missing the upside potential .
"Hi what is the net debt now?... "
Read the RNS that's what they are there for !!!
We will get the dividend👍. The market can do what it wants with the share price, I have no plans to sell.
Only 3% down.
Well as expected I guess they need to do something to drive the business, but Divi still the same and after a small fall I would expect the SP to move back up. After all the city love companies that cut staff and costs.
Hi what is the net debt now?
Thanks
A good share to try and catch the bottom imo. You can’t set this org up over night. As of 1st April everyone’s bill has gone up circa 15%. Name a pension fund that doesn’t own this share in a sizeable way. Reduced debt is good. If she can improve the service with less head count, it’s a winner imo.
Spoke too soon. Heading towards 5% down now. Let's see where this ends.
As I was saying before the results were posted..
They've refused to refund me for months even though they've agreed that they owe me the money - not a good sign holding off paying back what you owe to keep the figures artificially higher..
Later !
All news is bad news for VOD share price....so it seems. Going down is the only way.
Ouch
Oh dear ! down we go...
She is taken down !!!
11k job cuts sounds like novekinggood’s customer experience is going to go even more south to me.
Only from selling key assets which you can only do once. Take that out and operating margin is falling., and now they have to rent their own tower network in Germany, which is falling in operating terms.
Still €66bn of debt left including leases, the interest payable on thse having risen.
Yep. Profit for the year increased from €2.8Bn to €12.3Bn too. Just nice to take a moment and recognise those numbers after a torrid few years.
All pretty much as expected really.... with work to do in Italy,Spain,Germany as previously flagged
I didnt think there would be any surprises but that number surprised me.
Its all change at VOD. E& believe it, so do I
Strategic shifts
Our target is to be a best-in-class telco in Europe and Africa, and become Europe's leading platform for Business. To achieve this, we must change in four essential areas.
· We will rebalance our organisation to maximise the potential of Vodafone Business, which continues to accelerate growth, has a unique set of capabilities and has a strong position in a large and growing market as organisations digitise.
· In order to win in our consumer markets, we will refocus on the basics and deliver the simple and predictable experience our customers expect.
· We will be a leaner and simpler organisation, to increase our commercial agility and free up resources.
· We will focus our resources on a portfolio of products and geographies that is right-sized for growth and returns over time.
3. Our action plan
To execute the change in these four areas, we have an action plan already underway, focused around three priorities: Customers, Simplicity and Growth. Early examples of this action plan include:
· Customers: Significant investment reallocated in FY24 towards customer experience and brand
· Simplicity: 11,000 role reductions planned over three years, with both HQ and local markets simplification
· Growth: Germany turnaround plan, continued pricing action and strategic review in Spain
We will change the level of ambition, speed and decisiveness of execution. We will have empowered markets focused on customers, scale up Vodafone Business and take out complexity to simplify how we operate.
A more detailed outline of the new roadmap for the transformation of Vodafone is contained within an accompanying video presentation available here: investors.vodafone.com/results.
https://www.londonstockexchange.com/news-article/VOD/fy23-preliminary-results/15957616
Agreed. Holding existing customers while improving service and brand and lowering overheads is going to be key for future. My heart goes out to the 11,000 job losses but hopefully enough opportunities in the market for them. Good luck all.