We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Classic Python chart shape as it goes back down it's hole
Proactive Investors - Vodafone Group’s (LON:VOD) largest shareholder, the Abu Dhabi-based Emirates Telecommunications Group Company (aka e&), has been in discussions with the debt-riddled British telecoms company regarding the composition of its board of directors, Bloomberg today reported.
It is unclear what direction e& hopes to pursue, but analysts have called it a departure from the investor’s typically hands-off approach to governance matters.
Erhan Gurses, Bloomberg’s telecoms analyst, said the Emirati company’s push “is a change from its original position, suggesting it may become a proactive force to ensure execution aligns with its long-term strategy”.
“This is a substantial change in position for e&... which has previously stated full alignment with Vodafone's strategy,” stated Robert Grindle, head of European TMT research at Deutsche Bank.
Grindle suggested that e&'s interest may be in Vodafone's African unit Vodacom, which Vodafone is hoping “to extract maximum value from”.
Vodafone’s board ousted chief executive Nick Read last December following prolonged frustration with his ability to turn the group’s tumbling market valuation around.
But Vodafone has yet to secure a suitable replacement.
Meanwhile, e& has steadily increased its stake in Vodafone in the past five months, from 11% in December 2022 to 14.6% as of today.
You are been positive - 0.50p up we will be lucky - more like in the red
Haha you cant use my words they are trade marked - true though - decline has started
And the daily decline starts :( We will be lucky to be 0.50p up by the end of day
at last poor us shareholders.
On Bloomberg, they also want to shakeup the boardroom, nice
Where is link ? cant see anything
E& increased to 14.61%
Kay, if you are round long enough you will buy at all those prices. And dividends along the way. I wonder what E& average is?
Kay, you hit the nail on the head there.
That's why there's so many mixed feelings here
depends if you bought vod at 1.80p, 2p or 2.20p
'€154Bn total assets are undervalued. Net assets €57Bn but market value €24.2Bn...'
I am gobsmacked the auditors and Directors can say the company net assets are €57Bn ie the lower of cost and net realisable value. And 3rd parties have bid or transacted on parts of the company that indicate the net assets are indeed somewhere close to €57Bn. Yet the market says €24Bn and goes down with each dividend distribution of cash. There is no material near term debt due and the coupon is averaging 2.5% or less on the lot so servicing it isnt an issue. In any case, spectrum never wears out, ever and can be refarmed over and over.
I suppose Blackrock et al could be using VOD as the index liquidity workhorse, but that surely must come to an end with E& and sticky hands. This is going to the moon on strategic news surely?
Mole, re malone, the company said it would fund the deal through derivatives and would only require £225m through equity funding from the group. It ultimately intends to fund the purchase through sell-offs of “non-core” assets.
I think VOD UK /3 go ahead will be the tipping point for Malone as thats the regulatory starting gun for next stage (ie what are his non core assets) and that will roll across BEREC/ EU. Niel has 2.5% similar bet.
But E& appears to be a solid 14% maybe acquiring africa assets but also hedging investment in €/$ currencies
Everyone agrees the €154Bn total assets are undervalued. Net assets €57Bn but market value €24.2Bn...
Its tough watching it day after day. I guess can just switch off for the big rerate and not sell too early on the rise LoL
We definitely getting some or all our money back imo
Malone’s interest is a bit of an oddity too. Using derivatives he doesn’t actually own any yet. Hedging his bets. Will have to wait and see which way his interest goes.
Nope never Idiots or Moron unless a certain other person has said something first
@Mikey never has nothing to say but, “Decline, red again, idiots, here we go back down, junk, moron and crap.”
Victor Meldrew lives on!
Nothing - it gets rid of my annoyance - just ignore me if you dont like it
"And there we go - the lows of the day - sub 80p for me the way its going - absolute pile of junk"
Mikey, why do you feel the need to give a running commentary on the price action? People can see what the price is day by day, week by week, year by year, simply by looking at charts; So what are you hoping to achieve by pointing out the obvious?
And there we go - the lows of the day - sub 80p for me the way its going - absolute pile of junk
Seems I'm a little late.. but sub 90p for me..
Whats this - surely its not the 3pm onwards drop to finish on the lows again
True, noone knows. But E& care, so does Malone and Niel.
Still havent seen E& 15% RNS which I guess will fill at these low prices?
I read that post when it was 160. The conspiracy then was to take it to 140 then ride the profits all the way back to 220.
Nobody knows what happens next, and the price is down here because not enough care.
Think they just want punters to fill 90p since taking it down from 100p. They hope results will take it to 79p, get back in and take profit on the way back up to 120p or 130p or 140p...imho