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Here is a cut and paste for you Fleccy
Liberty Global, the US group chaired by “cable cowboy” John Malone, has bought a nearly 5 per cent stake in Vodafone, as it bets that forthcoming deals and restructuring will revive the beleaguered UK telecoms group.
Denver-based Liberty Global has acquired 1.3bn shares, representing 4.92 per cent of share capital, financed mostly through derivatives, and requiring only £225mn in equity funding from the group. The company said it would not seek a board seat and confirmed that it was not considering an offer for Vodafone.
“The stock’s cheap — it’s an opportunistic and financial investment,” Liberty Global’s chief executive Mike Fries told the Financial Times, adding that his company had $3.5bn in cash to “put to work”.
Fries said Vodafone had some “interesting catalysts” for potential value creation, including a proposed merger with CK Hutchison’s British business Three UK, for which talks are still ongoing.
“We only [operate in] one market with four mobile players — everyone else has consolidated to three — Ireland, Belgium, Holland, Switzerland. The UK is an anomaly,” he said. “We’re patient. We don’t know that any one or two things will happen overnight but we understand the publicly disclosed strategy and we think it’s a good one.”
Two extensions to UT.
"and is confident of a merger with regards to 3 mobile as telecoms in Europe consolidate"
I can't see the article, as it's behind the paywall, but the odds of OFCOM allowing a merger between Vodafone and 3 are very very low, in my opinion. If OFCOM did allow the merger, it would reduce the number of mobile providers from four down to three, and may even result in competitors taking OFCOM to court. The merger between VM/O2, and the merger between BT/EE, were fixed line merging with mobile, whereas a VOD/3 merger would be different.
I'm invested in Vodafone, so anything that improves the share price is good as far as I'm concerned, but I don't see a VOD/3 merger being waved through. Flexing my speculative braincell, I still think something bigger is in the pipeline, maybe VOD merging with one of the big US telecom companies, with Malone being tipped off.
I didn't want Brexit & still think it was a mistake, but as has been said, it is time to move on & accept it. None so blind as those who still refuse to open their eyes & accept it.
No threshold RNS, still buying??
This just came through on IG Index - Liberty purchases almost 5pct of VOD - Malone is saying what we already know - VOD is cheap - he's larged it with almost 5pct and is confident of a merger with regards to 3 mobile as telecoms in Europe consolidate - for me this article is telling you all you need to know - in laymans terms load up
gla dyor etc
https://www.ft.com/content/1ef28c4f-24e9-4026-82ff-10e688c48842
hi fleccy, I agree 100% with you. I was having a go at another who keeps bringing up the Brexit word. For gods sake it's done and dusted and theres no going back , we just have to work with it and make it work for us long term.
"Jed - You need to open those eyes of yours mate & you think that Brexit has helped do you?"
Nobody cares about Brexit, it's done. None of the political parties are interested in holding another referendum, so the media should leave it alone and concentrate on other things. It really is pointless to bang on about something in the past, especially since we're unlikely to rejoin in our lifetimes. The people who can't let Brexit go, should book an appointment with a therapist since they're obviously obsessed.
Jed - You need to open those eyes of yours mate & you think that Brexit has helped do you?
None so blind as they say.
You've never looked at the cable chart or run a business with dollar purchasing costs then, if that's what you think.
Hi Gary59, Sorry but you talk rubbish.
Why do you bring in Brexit to all this, the people voted and we have left so just get on with it and move forward.
Most of the decline in UK and Europe are down to the Pandemic plus inflation due to the war, so we would still be in the same position regardless of staying in Europe. Let's just move forward and adjust to new arrangements.
LBC you post a good point. My wife grew up in Germany & we are regular visitors there so it is easy for me to keep tabs so to speak. Without doubt the Germans are patriotic & dislike foreign businesses running essential services. German legislation banned TV subscriptions being bundled with housing association rental contracts & this is proving to be an issue for VOD & this came at the same time as unpopular price rises across Europe. These contributed to almost 40,000 broadband customers going elsewhere in one quarter alone last year.
Economic conditions are also worsening in Europe, there will be less tourism which means less costly roaming charges for Vodafone. All of this the market dislikes & is helping to keep the SP in the doldrums. Brexit has meant VOD is suffering on the continent all over, it’s not just Germany look at the results for Spain, down 8.7%.
As I’ve posted before Vodafone is now simply a utility company & investors should treat it as such. It’s all about income & sadly this is plainly declining.
90.5 thanks Roofer.
Vod closing Sp 17th Feb
WayzGoose 93.5p
BushyT 93.9p
Newsid 94.3p
Exil 92p
Entries close Mon 12pm
Atb
93.5 for me!
93.9p please
94.3 for me please. Thanks
92p for me Bob
There was a huge loss of German customers last year.. Looking at Trustpilot and similar reviews, it grieves me to say there may be loss of UK customers this year. Anyone remember when it was 220 and tipped by leading brokers .
Thanks Roofer, 93.07 is fine ;-)
Vod closing Sp 17th Feb
Doyen Dan 95p
AbjectP 94.5p
SlartiB 93.07p ??????
Roofer 93.08p
List so far
Entries closes Mon 12pm
Many thanks Robleo n Doyen Dan, just a lucky guess , may the upwards snails pace continue, may the next Ceo have some inspirational ideas....atb
Only temporarily, I hope?
well done roofer a worthy winner
Dan 95p what? hopefully we will get back over a £1 sometime soon
Deutsche Telekom AG, Orange SA, Telefónica SA and Vodafone Group Plc are to form a joint venture for the implementation of a privacy-by-design digital marketing technology platform in Europe that could benefit consumers, advertisers and publishers alike.
The creation of this new entity has been approved today by the European Commission, pursuant to the European Union Merger Regulation.
The four companies will take equal 25% stakes in a newly-formed joint venture holding company, to be based in Belgium and run by independent management under the oversight of a shareholder-appointed supervisory board.
The joint venture will outline its vision and strategy in due course, including its plans for adopting the trial technology commercially.
https://uk.finance.yahoo.com/news/press-release-orange-deutsche-telekom-171000108.html