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Do you know what a UT trade is?
jr
At 16.35 today there is a £20million buy for 23,36,496 unless it is a sell.
Subsequently more buys also seen
Not sure what is going on?
It's not looking good again Danny boy. Down 2.2p sadly. You failed to heed my warnings.
mehmehmeh
well, this cycle of new 5G connectivity and everything related to it hasn't fully begun yet , but the tech is now there for it and VOD has all that ..... the new era of tracking every part of the logistics system and tracking every part of energy use within a product life etc is now beginning and the use all that data through 5G and connected to all areas of business are where the likes of VOD will increase their revenues.....5G driverless cars etc 5G wireless cameras on drones to transmit images straight to production editors located anywhere in the world....the scope is absolutely enormous ..and I guess 2025-30 is the period when it should really come into its own ...after this crisis we currently have passes ( they probably are creating a crisis in order that we realise we have to change the way we do things )
"their pension pot is gonna to play havoc, they need to look to spinning out some parts of the business to pay down debt."
BT, or Vodafone?
I assume you're talking about BT, since most of Vodafone's pensions are Defined Contribution and the CWW final salary scheme was bought out years ago.
As far as BT's debt, nearly a third of the £19 Billion debt is lease liabilities, so Financial debt is around £13 Billion. Due to exchange and building closure programs, the lease liability portion of the headline debt should reduce dramatically over the next 8 to 10 years. BT looks pretty good financially and will look much better once the current FTTP and 5G capex comes to an end.
'Third Industrial Revolution'
The way I think of it is that the product lifecycle is like a normal distribution curve. In the case of the 3rd industrial revolution/5g/ internet etc, the tail of the cycle is very very long and flat/ sloping down and skewed 30 years to the right. You might consider we are already in the 3rd phase with software defined solutions replacing hardware and moated regulation ensuring it isnt a chaotic process. It might be 2024 or 2025 before the SP reflects the longevity but the terminal rate has nearly settled imo.
Wow looking at 2025 to 2030 so far away. This long of holding maybe difficult for some. You are taking 7 to 10 years.
their pension pot is gonna to play havoc, they need to look to spinning out some parts of the business to pay down debt.
worst share in my porfolio by a mile but not for much longer
scaredycat
if you believe in the the often discussed idea of the forthcoming "Third Industrial Revolution" then telecoms will pay a big part in that ....I think the likes of Malone, Niel and E& do , and for them they are looking at 2025-2030 with start of it showing in 2024 ....big changes coming and they see what revenues the 5G connected systems can bring in
I am interested in buying into this low price period with the view that VOD will be a big contributor over the later parts of the decade ...so the more they get their costs sorted out and offload their smaller assets the better I think
I am not particularly concerned about their debt....the debt markets love lending to VOD ..they see them as good for them and they get reasonable borrowing terms as such....their annual revenue is more than their net debt
Sales People jumping ship from both.
Both are having massive issues with confusion of resellers.
VOD as a brand is not liked by the youth who want large data for cheap.
And BT is now tooooo big, with internal discussions to sell of parts of the business to pay the pension pot.
'dividend as a result of a good growth performance'
Malone and Niels bet is that asset sales and consolidation are part of the telco business cycle and E& VOD is the vehicle to keep up with tech change or be left behind. After sale/consolidation, the remaining assets show healthy growth. IIs are giving up their shares to Malone , niel, E&
Dan, i wasn't moaning mate, just mentioned bt have been doing better lately and no i don't think i would buy bt as there is higher yielding shares out there, i have accepted the current situation for what it is, high inflation etc, and it has made me aware of which of my shares are the weakest and strongest, the weakest for me have been vod and directline and lloy have been up and down and can't make their mind up which way to go and the strongest have been aviva and lgen both have increased their dividend payments again, of course I'm hoping Vodafone will get better, but let's face it it's a bit messed up at the moment and hoping we can get back over a £1 again soon
Bit of a tough one this to enter at the right time.
Thought you’ve found a good entry but blink and you’re 5% down. Seems to drop more than most and climb the least.
Anyway, I’m in and GLA
VOD are likely to offer a dividend ....but..... in reality it may be a dividend as a result of asset sales , rather than a dividend as a result of a good growth performance. So if that is the case. it is a performance dividend cut but disguised with the aim to fool.
It makes me laugh some of the words that get deleted on here. *** as meaning cigarette, for example.
The collateral liabilities I take to be a timing difference which trues up at year end. With vantage cash and the continued in crease in return on capital employed, I think net debt is under €40Bn this year end, but thats just on the back of a *** packet. The only detail performance reporting I have is Gary's. If he is right, the net debt will be higher to offset the deterioration in performance to ensure the dividend is covered etc
hi mole man, what is your estimate of the net debt? considering all the transactions that have happened?
why are you looking at march 2022 thats a whole year ago
Meh, they have 70bn in debt to service. The lower figures are net debt. It is relevant to consider net debt, but also prudent to consider the financing burden of gross debt.
' Has debt gone up?'
Debt at H1 Report
" Borrowings principally includes bonds of €50,256 million (€48,031 million as at 31 March 2022), lease liabilities of €12,022 million (€12,539 million as at 31 March 2022) and cash collateral liabilities €8,395 million (€2,914 million as at 31 March 2022).
The increase in borrowings of €5,490 million was principally driven by an increase in collateral liabilities of €5,481 million and adverse foreign exchange movements on bonds of €3,109 million, which were partially offset by a decrease in spectrum liabilities of €1,899 million."
The div cut arguement only benefits the index tracker and traders.
MDV could do better arguement is pis**mg in the wind
Sell italy to iliad is the 1st step to right sizing imho
But a 50% cut in dividend only frees up 1.2b euro. So small. I feel they need to cut completely and reduce debt by 10b or more. They have 50b eur in debt. I assume interest on 50b is 2.5b a year.
Dividend to be cut by 50% & the SP will be 50p.
Don’t think this isn’t possible because it most certainly is.
Revenue is seriously declining & the massive debt can’t be serviced from what’s left.
Costs are continuing to rise just to stand still.
Is it any wonder this is the biggest dog share out there.
I think that goes both ways - filter me - or does that rule only apply to other people !!!!!