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And the ski slopes continue - we will be below 90p before ex div the way this is going - but its ok - Read is doing a great job !!!!!!!!!!!
Down another 2% as I type, sadly under £1 is now the norm here.
I will simply say to those thinking of investing here & or topping up please think very carefully. As we all know the company debt & borrowing to pay dividends is a major concern & this has been discussed at length here. Sadly what has not been discussed is Vodafone's leasing issues. The net debt pile stood at €45.5bn at the last count, that doesn't include €12.0bn of lease liabilities. With declining revenue especially in Germany & ever increasing costs I humbly submit that VOD is far from being a safe haven.
Evenascent, why be bitter, inclusion is key
Altmann Z score doesnt work for a regulated business. A condition of operating in a regulated market is to take debt and create jobs in perpetuity. Spectrum doesnt wear out... Credit Suisse havent exactly managed their operations and leverage very well and looks like the desperation of a drowning man/ woman. Having said that, mdme Lagardes sun tan seems to be fading. SP will track gdp from here imo
HornAndHorus...
Nothing screams fake account like someone joining the same day as posting such a statement...
Congratulations, you now hold the record for fastest time to be filtered from my feed....
Jesus christ I think this is going to rocket to 107.8p on Friday, and then beyond.
"The debt is an issue."
Not as far as I can tell, the assets vs liabilities mean the breakup value would far exceed the current market cap, so should private equity decide to make a play they would have to table an offer getting on for double the current stock price. As far as the debt's concerned. Irrespective of what you say Vodafone have options to deal with short term debt shocks.
We'll have to agree to disagree then, as nothing you've stated persuades me the current price isn't a bargain. Time will tell which one of us is right, but since the price is rock bottom, if I was a betting man, the balance of probabilities would suggest the price is more likely to trend upward from here.
The debt is an issue.
First you have to maintain it. Interest payment was 50% of EBIT, so it doesn’t take much of a margin slip for there to be little or nothing for investors.
Second, as they are pretty much at the max the market will let them borrow, and they can’t pay it down, then to raise funds to keep up with capex you have to sell off assets like towers, and shrink market share in uk doing a deal with 3.
The debt removes options and is forcing management to shrink the company. It can’t be ignored just because the bonds don’t have to be refinanced yet.
One thing for sure these idiotic brokers create some great buying opportunities. I didn’t expect to be able to grab more below 97p.
I am sure they too will be loading up today for their pension funds. Tge very reason they down graded the stock to create an opportunity to buy. Pure market manipulation.
I'm a regular viewer of CNBC and over the last month I've noticed many of the guests are starting to talk up UK stocks. Reading between the lines, it appears sentiment is changing, and UK stocks may be coming back into vogue.
These institutions do this constantly. Either trying to force the price down to protect short positions or drive the price down to buy cheap. Either way they are usually based on their own research and stands out from the rest. You have to wonder why.
"Fleccy is asking how is not a safe place to park money. I would suggest the weak balance sheet exposes VOD to financial risks above comfortable levels should we see a protracted period of tough economic conditions."
The debt isn't an issue, due to the majority of the Bond maturity dates being in the 2030 to 2040 decade, so why do you keep banging on about the debt?
Spinning off the towers is neither negative nor positive, since Vodafone will remain as a partner in the new company, and benefit from revenue associated with other customers utilising the assets, with any future expansion costs shared between the partners. Personally, I hate debt and have strived all my life to keep my personal debt to a minimum, but Telecom companies have always maintained high debt levels, even when they've had opportunities to reduce debt, I can only guess why.
They want cheap shares for their clients!
Then they will change to buy and higher target.
Adding on weakness.
Massive cut - ridiculous - sorry to say we are heading into the 80’s soon
Unbelievable Credit Suisse cuts Vodafone to 'underperform' (outperform) - price target 90 (140) pence
Wow - anybody would think we had gone ex div today
****nal (gunners) supporters can't drink ****tails(exotic drinks) according to this crazy forum. (They can't get the staff) so use stupid robots instead. I think they need re programming?
'if England get knocked out of the world cup,'
Come on, England are going to win the world cup!!
Aspers is asking if not VOD then what else.
Most companies now have been beaten up and have attractive long term prices. You should first decide what sectors you want to be exposed to for next 5 to 10 years, then find companies in that sector who have grown earnings consistently in the previous 5 years, and have low levels of debt, or preferably no debt.
These strong companies will accelerate ahead faster than the likes of VOD once sentiment in the market turns.
I am in to sustainable energy and the future of transportation, data management, growth leisure oriented stocks and property. Some pay a div, but I couldn't care less about it. In fact, I would prefer they didn't, ecept for REIT's which have to.
Fleccy is asking how is not a safe place to park money. I would suggest the weak balance sheet exposes VOD to financial risks above comfortable levels should we see a protracted period of tough economic conditions.
A negative altman Z score is quite an achievement and suggests financial difficulties ahead.
Selling off essential assets (towers) to raise cash is not a good sign.
Net debt increased 4bn in the half year. They paid out the same in divs and buybacks. VOD borrows to pay a div and buy back shares. It is basically a ponzi.
It works until the funding tap gets turned off.
'Gunners supporters wont like that'
morcambe and wise, hrrrmph...****nal
"try telling that to people who has money in these four companies that were much bigger"
moniman, Vodafone isn't a manufacturer like GM; It also isn't a bank like Lehman and Washington mutual, who both failed due to subprime. Worldcom inflated its revenues and was guilty of accounting fraud, which eventually caught up with them, are you comparing Nick Read with Bernie Ebbers?
Not sure why you try and scare holders out of their investment in Vodafone using irrelevant examples. If you want to look at an example of retail shareholders being shafted by vested interest market players, look at Sirius Minerals, fortunately Vodafone's a bit too big to fall victim to the same tactic of removing funding to force a collapse.
The de-ramping appears to be ratcheting up on here, probably means the share price is on cusp of big gains in the near future.
Hi Dan, I would be more than happy if this just keeps going up and up right now and i will just hold on to what I've got, but if i am going to add here i would rather do it when it's on the way up not when it's on the way down, i just don't know what's going to happen here after xdiv and i don't think anyone does
you know yourself this has performed badly over the last 5 years, ignoring all the noise on here I'm just wondering has anything changed that will make this perform better over the next few years, if anyone can answer that question would be interested to hear your reply
cheers
Gunners supporters wont like that
Well i never wont print ****nal