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I’m just hoping it will counter the poor start to the week plus BoEs inevitable 0.25 basis point rise today. When will they realise raising interest rates doesn’t reduce this particular breed of inflation.
Procurement savings could be huge moving forwards
Intention to invest 5% additional investment will boost sp
This is a good start to the change
Well done Vodafone, markets will like this
The bit at the end was:
We extend a warm welcome to Margherita Della Valle as Vodafone's newly appointed Group Chief Executive Officer, and we have full confidence in her leadership abilities to steer the company toward growth. We are convinced that our strategic relationship will unlock opportunities for both companies to explore the swiftly expanding global telecom market and next-generation technologies".
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So they get another member if they get to 20% - that more or less states they are going for that imo.
Vodafone Group Plc ("Vodafone") and Emirates Telecommunications Group Company PJSC ("e&") today announced that they have agreed a strategic relationship that brings the two operators closer together in certain aspects of their businesses.
As part of this strategic relationship, Vodafone and e& have entered into a relationship agreement that establishes e& as a cornerstone shareholder of Vodafone (the "Relationship Agreement"). This is the next phase in a strategic relationship that began in May 2022, when e& made its original investment in Vodafone.
The strategic relationship also enables collaboration across a broad range of growth areas, as e& and Vodafone can benefit from each other's respective operational scale and complementary geographic footprint. The key areas of commercial collaboration that Vodafone and e& will initially pursue include:
· In Enterprise, Vodafone and e& will explore jointly offering cross-border digital services and solutions to multi-national customers and public sector organisations. Services will include fixed and mobile connectivity, Mobile Private Networks, IoT, cybersecurity and cloud-based services.
· In Procurement, Vodafone and e& will seek to share best practice and may adopt joint procurement.
· In Carrier, Wholesale & Roaming, the two operators will work together to become the partner of choice in providing access to high-quality digital infrastructure.
· In Technology, both teams will seek to work together on a technology roadmap, including the evolution and adoption of OpenRAN.
Under the terms of the Relationship Agreement, the Group Chief Executive Officer of e&, will join the Vodafone Board as a non-executive Director (the "e& Nominee"), for as long as e& maintains its current shareholding of 14.6%. e& will also have the ability to nominate a second non-executive Director (the "Independent Nominee"), independent of e&, if its shareholding exceeds 20% (subject to certain adjustments while regulatory approvals are outstanding). These appointments are subject to receipt by e& of the required regulatory approvals. Other key terms of the Relationship Agreement are summarised below.
Margherita Della Valle, Vodafone Group Chief Executive, said: "We know e& well and I'm delighted we have strengthened our existing relationship through this strategic partnership. This closer alignment allows us to capture opportunities in our respective markets and brings additional telecoms experience to our Board."
Hatem Dowidar, Chief Executive Officer of e&, said: "Our investment in Vodafone is anchored by Vodafone Group's established position and worldwide reputation as a prominent industry player that provides cutting-edge connectivity and digital services. This aligns with e&'s vision of becoming a global telecom and technology player.
We extend a warm welcome to Margherita Della Valle as Vodafone's newly appointed Group Chief Executive Officer, and we have full confidence in he
Good to hear. All part of the shake up. Has to happen for Vod to turn the corner.
Deutsche Bank’s head of European TMT research Robert Grindle estimated the deal could be worth £5bn of net present value synergies for Vodafone and a 10-15% upside on the group’s lagging share price.
'See Three playing hardball re merger.'
Yes, canning fok doesn't fok about
OK. So, I'm holding at 96.5p and looking primarily for regular div. I have every sympathy for all of you >£1.20, I was nearly there myself many moons ago, but, you'll all have done OK if you subtract div received [past] from current SP I'd have thought. I had an average down buy set for 88p but it hasn't arisen since ISA top-up date. Prior, I took a few hundred at 83p and change to lower my average. Yes, it's a pain to see VOD sitting at loss in my portfolio but it will be neutral-ish post divi if it holds. I can't see significant downside below 80p, effectively VOD is valued at zero in that region so why are big-boys buying in earnest to % levels? I can see a bid but I'd rather not have c.£1.30 NPV versus 8% pa ROR. I've got some dry powder so for this reason Mikey's intel sounds good. As far as I can see, it's a low risk, but I'll be averaging down/accumulating for the foreseeable. I just can't see VOD going to zero. Best of luck all.... Geo
As long as the divi is secure all will be good. See Three playing hardball re merger.
Risky but got all my eggs tied up in this threadbare Vod basket. Other stocks on my watch list have gone up significantly since being in here. That smarts a bit.
'You have your opportunity it seems.'
Didnt in the end. If it claws it's way back up for the end of the day tomorrow then I will wait for the results as E& still got 110m to buy under there 15% approval. Think this div is secure. Dont know what the market will do if the results are uninspiring whilst E&, Liberty Global and Illiad are building big stakes..
Well just going on what's happened over the last few years this has reached it's high before results day then gone on the ski slope after it, not sure if this year will be any different, but of course it's up to everyone to make their own decisions which way they think this is going
Honestly dont know as I am not there anymore . I know a few people who still work there and they are not very confident . Problem is the Markets tend to hit Vodafone even when they are on target . I can see this hitting low 80 ‘s - I hope not but I am not holding my breath . i think we need a lot of good luck the way things are going
Mikey, are you expecting this years results to be decent?
Broadsword to Danny boy, there won't be much crowing today down 1.77. I knew I was right.
You have your opportunity it seems.
Looks like we are back to the usual - large falls in the afternoon . Results better be fairly decent or we will be getting close to 70p if its anything like other results day drops
'Should be adding on any dips in the SP here.'
I will be adding more under 92.5, otherwise its hold for the results next week
If 3 exit UK telecoms, VOD has the opportunity to pick up a share of their 10.3m subscribers which would lift the revenue growth curve..
https://www.msn.com/en-gb/money/other/vodafone-merger-extremely-difficult-amid-national-security-fears/ar-AA1aXtUR?ocid=msedgntp&cvid=54257fbd34ea488d8ac7f40dd31792f8&ei=22
"On the free cash front I see that India is playing up again … Cash-strapped Vodafone Idea (Vi) has paid only 10% of its licence fee dues for the March quarter"
Vodafone wrote down their India investments to zero years ago, I suspect Vodafone will be reluctant to direct capital, external to India, into the company. If Vodafone have any remaining India assets separate from VI, they may sell them and direct any funds into VI, but VOD have probably already divested of all their India assets. Without actually making a lot of noise about it, Vodafone appear to have washed their hands of India, the probable reasons are Vodafone's history of litigation with the Indian Government, who retrospectively changed laws to extract money from Vodafone, and the actions of the India government/regulators to give Jio a massive leg up at the expense of other Telecom players. It appears the India Government saw Vodafone as a cash cow, who they could milk at will.
Vodafone still have a shared ownership in VI, along with Aditya Birla Group and the Indian Government, so should VOD decide to direct more capital into VI, the other shareholders would also need to contribute.
I like your optimism xxxAcc & I sincerely hope you are correct with your guesses.
On the free cash front I see that India is playing up again … Cash-strapped Vodafone Idea (Vi) has paid only 10% of its licence fee dues for the March quarter and sought more time from the government to clear the balance 90% in multiple tranches.
I hope this doesn’t spell dividend woes.
For all the shorters who have just joined us
News of Spanish arm sale, up 5%-10%
News of Italian business sold, up 10-20%
Don’t forget from April when prices rise 15% put profits will rise.
Merger, deal savings could be worth billions
The list goes on….
As of 28/04/23:
The short interest on Vodafone is 0.05% of float. This is a reduction from 0.06% reported in March 23.
Never mind the erel bit, he's the first four letters, rymes with tock.
He can't take it when someone thinks Vodafone is dog shid because he bought loads at a much higher price. Lol