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First winner of the New Year goes to
" FFFFFizzbomb 88.5p well done
Speech Speech Fizzbomb
Vod closing Sp 88.71p
Full list will follow
Android.
Many thanks for the info..
https://www.cnbctv18.com/telecom/vodafone-idea-repayment-due-to-indus-towers-in-focus-15600901.htm
Gunsup
The group accounts last year said
'Vodafone Idea Limited
The Group’s carrying value in Vodafone Idea Limited (‘VIL’) reduced to €nil at 30 September 2019. The Group’sshare of VIL’slosses not
recognised at 31 March 2022 is €5,120 million (31 March 2021: €3,562 million). Significant uncertainties exist in relation to VIL’s ability to
generate the cash flow it requiresto settle or its ability to refinance itsliabilities and guarantees asthey fall due (see note 29 ‘Contingent
liabilities and legal proceedings’).
The value of the Group’s 21.0%shareholding in Indus Towers Limited is, in part, dependent on the income generated by Indus Towers Limited
from tower rentalsto major customers, including VIL. Any inability of these major customersto pay such amountsin the future may result in an
impairment in the carrying value (31 March 2022: €1.0 billion) of the Group’sinvestment in Indus Towers Limited.'
"It's better to let it go bankrupt and India banks will have huge losses. Which are government owned."
It's unlikely the business will stop operating, the bondholders will be reluctant to completely write off the loans. My guess is the bondholders, in partnership with the Indian Government, will take over the assets and run it as a going concern, along the same lines as Chapter 11 in the US; I suspect the reason this hasn't happened, yet, is lots of behind the scenes negotiating to save the Indian Government from the associated reputational damage. There can be no doubt it was Government and Regulators who caused this, by milking the Telco's while helping out Jio in all manner of ways. It reflects badly on India as a place to do business, since Vodafone and Idea were among the early mobile providers and who would have seen them going bust? Mobile businesses should be cast iron solid business and it isn't as though Vodafone doesn't have experience in developing markets.
If VI does suffer the India version of chapter 11, no doubt the whole history of the failure will be played out in the press, with Vodafone probably giving their side of the story, they'd have nothing to lose once they're out and it's unlikely Vodafone will put the blame on themselves. Since Vodafone have already written off their India business, I imagine there wouldn't be much stopping them from walking
Lol, Carltt is a clown.
Daniel is trying to make sense of his comments.
I love Carltt, he's very good.
Android.
Some big numbers in the mix there... Ummh
'government will take its final decision on equity conversion only after Vodafone Idea’s share price stabilises at Rs 10. Presently, its trading at Rs 7.85 on the NSE.....major lenders like State Bank of India are unwilling to approve any new loans until there is clarity in the government’s stake holding.'
So when the SP stabilises at Rs10, the government will convert/ own 33% of VI and capital will become available. Safe as houses then!
https://www.outlookindia.com/business/vodafone-idea-debt-crisis-what-are-the-consequences-of-it-not-getting-emergency-loans--news-251412
"Could be back in the 90's today" Not according to Eddie the eagle!
India has effectively bankrupted Vodafone there. With change of tax etc. Corrupt place. It's better to let it go bankrupt and India banks will have huge losses. Which are government owned. Hopefully Vodafone doesn't fall in trap to inject more
Another hangover from Reads disastrous tenure .
Completely agree here with Fleccy - just pull out of India or give the business away if needs be - lance the boil - an absolute disaster investing in that country from the get go
dyor etvc
“Could be back in the 90's today.”
Come in this is Vodafone you are talking about - seems the ski slopes are going to be part of 2023 as well
fleccy
I had wondered if the Govt being on the hook here so to speak would be of material benefit to Vodafones stake. If it sold it ? Get almost zero.
Vodafone owns and operates networks in 22 countries and India has huge potential so may as well hang in and see.
But I get your point re the Indian Govt. It certainly has form. Cairn had to play hardball to get anywhere.
"Anyone any ideas what the upshot of Vodafones stake in Vodafone idea will end up looking like?"
Indian Government tax and regulatory policies have destroyed the business case for the foreign investment in Indian Telco's. From what I read previously, Jio was given a leg up in every way possible, while the pre Jio telco's were hammered financially. Vodafone wrote down their Indian investment to zero and appear reluctant to throw further significant investment at Vodafone Idea.
The Indian Government possibly thought Vodafone would keep throwing money at VI, which could be mopped up in further fee's and taxes, but instead Vodafone have more or less washed their hands of their Indian investments. I think the Indian Government miscalculated what Vodafone would do. The rise of Jio, with Indian Government help, has badly damaged competition in India. I suspect Vodafone are hanging in there in the hope they may get something back at some point. Maybe the Indian Government have learnt a lesson, but maybe not, they'll only get away with so much before foreign investment shuns them. Vodafone should probably sell their stake in VI and have done with it, the business appears to be in terminal decline anyway.
Anyone any ideas what the upshot of Vodafones stake in Vodafone idea will end up looking like?
I believe Vodafone currently holds a 28.5% stake in the company with the Indian Govt now being the largest shareholder in what is the third largest telecom provider in India.
Could be back in the 90's today.
Friday Prophecy is for fun I think ...
All of them put their entry share price rather than forecasted price. I have seen someone put 55p... I wish Vodafone was at this price..
All the best!
Does this help explain Fibonacci ?
Carltt. I was simply asking you why , after saying that vod was supporting the share price with it's buy backs, you said, hence, the sp would fall, by predicting a lower s.p. 83p for Friday? A contradiction surely? . I don't know what the point of your strange,rambling,sarcastic, definition of a lower number was all about, but good luck mate.
I bought into Vodafone years ago as I figured the growth of digital, meant mobile data would be a big growth area. I also thought that, with 5g, homes will shift from expensive broadband to using 5g for their home internet. And further ahead more of our infrastructure will work off mobile data, from cars to smart homes and offices. All of this on top of a solid core business. Tesla has shown in recent years how optimism of the future growth can lead to a massive inflation. And I get all of the issues of debt ratio etc, but the share price fall would indicate nothing but decline for the future. What am I missing ? I'm interested to know what people think the business might look like in 5-10 years. Is it another AOL/Nokia/Blockbuster org that isn't adapting enough?
Daniel, you knows i always talk absolutely rubbish.
Got no idea what a fibbernachi is obviously and my dad used to call my young brothers friend green candles because he didn't have a handkerchief...
Welcome aboard Pantherax , with Dividend paydate early Feb , should see Sp around 100p / 105p mark and higher if these candlestick prediction been posted are true.....atb
https://www.ig.com/uk/trading-strategies/16-candlestick-patterns-every-trader-should-know-180615
20/50ma golden cross has now passed into the 4hr session
we need to know new ceo fast. And the good strategy to get out of this hole
Are there two GutterSnipes on here, or is he just joking? GutterSnipe 1, last Friday posted, "An express elevator to hell, it's going down, it's game over man, GAME OVER" GutterSnipe 2, Today posts, "This thing is about to go ballistic. Fill your boots now lol." Let's hope G.S.2 is right.