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" BT is down 29% with Vodafone down 35% "
This also speaks loudly with regards the way the London trading works .....price cycles .... take profit,sell,wait, use put options, wait ...then buy the low and start again
Retail fails to understand the way London trading works
And you think it will automatically transform share price as if by magic . Whoever comes in is going to have to try and unpick the damage Read has done - until that happens or at least the markets see somebody has a hold on the debt etc the price will likely continue dropping .
I said it the wrong way around, BT down 35%, Vod down 29%. I've mentioned on previous threads that DT is the exception due to its T Mobile holding in the US.
https://www.google.com/finance/quote/BT.A:LON?sa=X&ved=2ahUKEwjApNPOueT7AhWQg1wKHTiZAUoQ_AUoAXoECAEQAw&window=5Y&comparison=LON%3AVOD%2CBME%3ATEF%2CEPA%3AORA%2CETR%3ADTE
I added other telcom companies in europe
mehmehmeh
" the weighted average of cost of debt for VOD is around 2.5% 2 - VOD H1 Report
debt at 5% is fine if you are charging your customers with price increases to match etc ...it is all relative
A lot of posters talking doom and gloom as if Vodafone is the only Telecom being punished by the market. The true picture is that the sector as a whole is being pushed down, with the Telecom narrative being negatively presented for years. In my opinion, the market is targeting Telecom sector sentiment in order to mop up from nervous retail. As I've said on many occasions, there's a contradiction between the amount of equity fund investment into Telecom infrastructure and the valuation of Telecom companies. To put things in perspective, over the last 6 months BT is down 29% with Vodafone down 35%, so it isn't just Vodafone taking a hammering.
https://www.google.com/finance/quote/BT.A:LON?sa=X&ved=2ahUKEwjApNPOueT7AhWQg1wKHTiZAUoQ_AUoAXoECAEQAw&comparison=LON%3AVOD&window=6M
look at the price of new debt they are issuing its above 5% so what are u saying 2.5%. They will need to refianance.
Well that worked, didn't it?
at under 89p
She's in free fall now.
" What level of debt is ok for vodafone? "
the weighted average of cost of debt for VOD is around 2.5%
the ROCE is 6.9%
so what exactly is the problem ?
Me2, look again at 60p, everything is going to hell. Idiots in charged have screwed us all be stealing the pensions and savings soon.
I did one buy at 1.18 and sold at 1.21 though so was very lucky if you study the graph. Think that was in August.
I haven't been this excited since visiting the palace hoping someone would touch my dreadlocks.
IT'S GAME OVER MAN! GAME OVER!
Please note - I have been following this share since August and tempted to buy all the way down.
Resisting the temptation feels like a win.
'So they should reduce by 15B EUR.'
Could do that by selling all Vantage and Italy to Iliad.
MDV will also increase prices from March as reported.
No near term debt issues and plenty of cash to service debt as normal.
Watch the index crash and VOD soar imho.
Quick, close those shorts before its too late
What level of debt is ok for vodafone?
I think based on current asset it should be 30B EUR no more. So they should reduce by 15B EUR.
If dividend is suspended for 3 years they can reduce 7.5B eur and another 5b in vantage tower and another few billion in selling some assets.
....for this share so I'm buying!!I held VOD way back in the 90's and watched the price rise beyond all reasonable levels and then buy Mannesman in perhaps the worst takeover of all time, at which point I sold having made 400%+. I have not held since until now , buying at just below 89p.i may lose money nd the Sp may in all probability fll from here , but it is my view that revenues will carry on at stable levels and the enormous debt can be managed until rates begin to fall again(early next year). I have the patience to hold for at least two years and even if VOd is reduced to selling off parts of its empire , i fully expect the Sp to recove from its currently ovesold position.Apols for the typo's, i'm at heathrow, sans spellcheck and hoping my luggage was on the same plane as me from Vancouver!!
I'm sure there will be a recovery, but not next year. In the meantime this will drift down with no direction...
No never been a broker & apologies accepted, thank you. Just as a reminder we are all entitled to post what we want within the boundaries of good sense. If someone posts something negative they are just as entitled to do so as is a positive poster. As for me I only ever want VOD to succeed but there has to be some common sense rather than just posting "£1.10 by Friday".
A pertinent & current reality check as far as VOD goes is the following pasted from a well respected publication this morning, it reads ... "Instead of driving to become the world leader in mobile telephony, it has over the years, engaged in a fire sale of valuable assets driven by an intense focus on keeping investors happy with payouts.
The outcome is that Vodafone now consists a ramshackle collection of telecoms assets, is over-exposed to the moribund German consumer market and has a reputation for being unable to execute deals efficiently. It owned and sold the biggest mobile phone network in Japan & it was a 45pc minority investor in Verizon Wireless, which it sold for £78.4billion in 2014. The whole of Vodafone is now worth £25billion. That is value destruction on a grand scale."
mehmehmeh
the buy backs are to counter share dilution ..against the bond holders redeeming convertible bonds for shares
'I can genuinely see 50p here by march next year..'
you can get medication for that. I prefer a good red wine and hold tight for the recovery
I can genuinely see 50p here by march next year..
they should stop buyback and pay of debt. No more anyof this MCB buyback financial engineering.
"the only hope...."
blimey..getting a bit dramatic here ..
They did make a 1.243 Billion Euro profit after tax in H1.... it isnt all "edge of the cliff" stuff ..really
12 month rolling ROCE is now 6.9%