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Is Danny boy home from his job at Sainsburys because he missed a remarkable move today?
It was up 3p a share at one point, just for a few seconds.
30% Sphynx, so they've a while to go yet
Bt down nearly 3% also.
I see it differently , the best way to keep the sp from rising is to state you have no interest in buying vod , with 11% of the company if they keep buying they’ll have to make a formal bid ,not sure at what % that will be ,all smoke &mirrors to disguise a takeover imo
Sp goes down on good news here. Help.
The way I see it is that "e&" simply decided to re-invest the dividend cash they already got 2months ago + the cash they'll receive in 2 months time + an possible additional small amount to bolster their holdings.
Best Regards ValueS
if its good enough for the *******s its good enough for me
buy buy buy
Alliance News) - Emirates Telecommunications Group PJSC, also known as e&, on Wednesday said it raised its stake in Vodafone Group PLC to 11% of issued share capital, while confirming it has no plan to make a takeover offer for Vodafone.
It raised its stake to 3.02 billion shares from the 2.77 billion that it had acquired in May and which had given it a 9.8% stake.
e& said the rationale for its investment in the Berkshire, England-based telecommunications company remain unchanged from May, which is gaining significant exposure to a "world leader" in connectivity and digital service at an attractive valuation.
The company, formerly known as Etisalat, confirmed it had no intention to make an offer for Vodafone. However, it said it reserves the right to do so in line with UK takeover rules.
'Current Book Value/Shr = 166p—173p'
Theres been enough valuation work to support at least the book value so auditors etc wont be pushing for any write downs. The debt maturity profile is 11+ years and no short term liquidity issues.
So the SP is more to do with the quality of the investors/ stockholders and less to do with Vod assets etc.
Todays RNS is positive imho. Not for the faint hearted though
The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities. As a result, the book value equals the difference between a company's total assets and total liabilities. Current Book Value/Shr = 166p—173p.
The assets would be needed to cover debt. Business is probably worth around 90-95p.
This was linked to yesterday.
"According to the Daily Mail (This is Money), it was an emergency board meeting.
"Read was removed after an emergency board meeting on Sunday. It falls for the moment to Margherita Della Valle, the finance director, to sort out the mess."
https://www.thisismoney.co.uk/money/comment/article-11504461/ALEX-BRUMMER-Vodafone-looks-like-sitting-duck-overseas-buyers.html "
"The rationale of E&'s investment in Vodafone is unchanged from the original investment, as announced on 14 May 2022, which is to gain significant exposure to a world leader in connectivity and digital service at an attractive valuation," it said'
Not expert but think they need just under 30% to be forced to bid? But I dont think they want the lot. The africa model is a strategic fit and with Reid out of the way Vodacom is an exciting possibility.
Thats Vantage, VOD 3UK, Hungary, Vodacom, Italy/Iliad. Crikey, pregnant with possibilities.
Holding tight for the FY. GLA
"The £40b debt looks very dangerous, considering that Vodafone have little to no growth potential, and EE/BT are working to clean up the markets in the UK and EMEA regions."
Claire, I'm a little confused by your post.
EE is a competitor of Vodafone, in the UK, but has been before BT took over EE.
Openreach have introduced Equinox and possibly Equinox 2 early next year, but Vodafone benefits from that as a CP using Openreach/BT Fibre, it's the Altnets that are getting panicky about Equinox.
On the UK business side of things, Vodafone have the old C&W network and again nothing has changed on that front.
You'll have to explain the EMEA regions comment, because I don't see the overlap between the companies.
How prescient my long-held fear of 91p has turned out to be. The rationale was simply the long term downtrend and the fact that this would represent a 50% loss for me. I guess we all hang on hoping for some kind of turnaround.
My next target is 71p.
Why don't I sell and move on? 'cos I'm stupid - obvious. Also, it would then have that turnaround - out of the blue - just to spite me.
Any takeover would be close to the current asset price. At least 160p, maybe more?
The £40b debt looks very dangerous, considering that Vodafone have little to no growth potential, and EE/BT are working to clean up the markets in the UK and EMEA regions.
"The company, formerly known as Etisalat, confirmed it had no intention to make an offer for Vodafone. However, it said it reserves the right to do so in line with UK takeover rules."
Sounds a bit like... "The manager has the boards full support" at the post match media conference
Bid coming perhaps, what price woukd be accepted though?
2nd higher low just punched in on the 5 min.
Volume spiked as well as the price on that news...Either the market liked it, the saudi's are still buying or the shorts soiled themselves and closed out.
Any of the above is good enough... added again today 120 would be a great win from these levels, I wonder what a new ceo announcement would do to the price?
Wow terry you take the prize today. Tell us more facts about vod please...all ears.
So some Arabs that bought a 9.8% stake in May for around £1.21 approximately have just upped their stake to 11%.
Maybe they panicked just like everyone else and doubled down a bit.
Is it worth a 5p move is the big question.
I got no idea.
One RNS which fundamentally changes nothing causes a spike of 6%?
Shows how much control the short sellers have - in UK markets in particular.
FCA why are you not doing your job?
Never goes down in a straight line. Value investing is just that.