George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Interesting article. I'd say it isn't just sub £1bn UK listed companies undervalued given Vodafone's assets (as discussed on this board).
https://www.theguardian.com/business/nils-pratley-on-finance/2024/feb/29/uk-stock-market-isnt-working-undervaluation-wincanton-currys
Gutter wants us to trust him that the sp is going down, but he doesn't have any skin in the game. What an utter idiot.
Here is a link to a fascinating video about the stock market that covers the concepts and key players in the derivatives market and explains the most famous equation in finance, the Black-Scholes/Merton equation which launched an industry worth trillions of dollars and led to the world’s best investments.
https://www.youtube.com/watch?v=A5w-dEgIU1M
Yes the NAV/book price is c. £2 fleccy but why is the SP trading at 1/3rd this price? & the SP closed
And the Gutter MUPPET pokes his head up out of the sand to utter more childish garbage.
Be a good boy & go back to your bedsit now Muppet so you can carry on shouting at the traffic out of your window.
I think fleccy has already answered , but the 36.2 B net debt figure can be found also in this presentation, appendix VI
https://investors.vodafone.com/sites/vodafone-ir/files/2023-11/Vodafone-H1%20FY24-Results-Presentation.pdf
Fleecy meaningless waffle as per usual.
Plucks figures out of the air and then talks like he really knows what he on abowt.
I has seen his kind many tymes in old motorcycle clubs and trainspotting nerds.
Listen too him at your peril.
Trust me, it's goin downe.
Https://investors.vodafone.com/sites/vodafone-ir/files/2023-11/Vodafone-H1%20FY24-Results-Announcement.pdf
"Net debt increased by €2.9 billion to €36.2 billion (€33.4 billion as at 31 March 2023). This was primarily driven by the free cash outflow of €2.0 billion and equity dividends of €1.2 billion.
Current liquidity, which includes cash and equivalents and short-term investments, is €11.2 billion (€16.0 billion as at 31 March 2023). This includes €3.8 billion of net collateral which has been posted to Vodafone from counterparties as a result of positive mark-to-market movements on derivative instruments(€4.6 billion as at 31 March 2023)."
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Curtin, where the 36b debt data from? sounds interesting
Yes.
The offer of £1.05 (if there is one) presents an the upside of close to 50% . Is anyone on this forum seriously rejecting that in hope of reaching £2 in the next decade?
Flec
'' Even £2 a share seems cheap to me.''
when the house tidying has been completed, it probably would be.
I think we should now expect some dividend money to be re directed elsewhere - hopefully buybacks
Let’s use Swisscom proposal as a benchmark for evaluating Vodafone: multiply projected EBITDAal by 7.6: 13.3Bx7.6=101B. Minus 36B debt=65B. That would be more than £2 per share but in that order of magnitude.
No way vod goes for £1 but wouldn’t be surprised if Iliad made a cheeky bid only to see it fail..not necessarily a bad thing as it should get the so moving
There's no way Vodafone would agree to 100p to 105p, it dramatically undervalues the company. Any entity would have to bid in the region of £2 to come close to being taken seriously. If the sale of Spain and Italy goes through, it would likely bring the Net Debt figure down to around €20 Billion. Vodacom is worth around €9.5 Billion, with Vodafone's share of that being around €6.1 Billion, then you have all the other parts like the Germany, UK, Turkey, Vantage Tower shareholding and other bits like Mpesa, etc, and that's just off the top of my head. Even £2 a share seems cheap to me.
Latest article states rumoured £1-£1.05 offer. Hmmm. I can't imagine many would be happy with that.
these things are like the Istanbul bazaar , you start with an insulting approach and then have it thrown out.....then ..to decide to come back and raise the approach amount and ..if it then brings out an RNS and things enter the Takeover code ..it flushes out all the holdings and Investment bank daily trades on the share .. despite no firm offer yet being made
Why would £1 be a good outcome when it should return to over £1 on its own when the Three merger gets final approval. You think the BoD will take £1 now and congratulate themselves on a job well done? No chance!
Great Stuff MaryBr190
Cheers. I'll drink to that £1 possibile 'rare' Betaville report rumour 🍻
Am all for that - any bids welcome - especially AVON
Mary, we might have a few less ftse 100 and 200 companies in our portfolios by the end of the year.😀💰🇬🇧🇺🇸💰
Vodafone rallies on 'RARE' Betaville report
(Sharecast News) - Vodafone rallied on Thursday amid takeover speculation.
According to markets blog Betaville, Vodafone continues to be under the spotlight amid talk one of the "predators" circling the telecoms company is based in Europe.
Betaville said people following the situation have heard rumours that news of the disposal of Vodafone's Italian division to Swisscom is a "distraction" to divert attention away from a potential takeover approach for the whole company.
These people said the latest twist in the bid rumour is that one of the companies interested in a combination with Vodafone is based in western Europe, possibly France.
The people added this European company is said to have already appointed corporate finance advisory firms, including one described as over 150 years old, to work on the deal although it's unclear whether the telecoms group has made a formal approach to Vodafone, yet.
Betaville said some people following the situation had heard speculation one of the companies interested in Vodafone was looking at a merger involving stock valuing the London-listed business at between 100p and 105p a share.
Betaville classed the story as 'RARE'. It defines this as market gossip that has been tested with some of its "usually well-informed" sources.
"In fact, Betaville might have spent several days or weeks working on this story," it said in its explanation of 'RARE'.
Latest article states rumoured £1-£1.05 offer. Hmmm. I can't imagine many would be happy with that. (I wouldn't be and my average is 73p). It's surely worth more than that?
So I presume this is looking like a hostile if anything?
Knot luukin goode agane
Muppet
When folk like that turn up it's usually a sign the SP is going up. They want to trick you into selling.