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89.5 for me please
92.69 for me. Thanks
I'll go for 96.2
Thanks, Roofer
93p because of going ex dividend
Vod closing Sp 25th Nov
Doyen Dan 99.4p
Robleo 93p
Sotonspike 100p
Exil 97p
Vodger 103p
Aspers 102.3p
Abjectper 101p
SlartiB 118p
Mikey 91p
Toffapple 91p
Roofer 94p
List so far
Hi Rob keep the faith.....Am going to go for an even £1..Got to come good at some point...Hopefully...
93 for me please roofer, there's an awful lot of mixed feelings about this share not one for the faint hearted, we will just have to wait and see which direction it will go after exdiv
Cheers
I will go 99.4 please Roofer. My 1st ever sub £1 prediction, but longer term way over a £1. & I am routing for slarti to win though with his wine goggles prediction. Cheers slarti.
"Now come on fleecy, stop splitting hairs,we all make typos. Stick to your point please, which you normally make very well in my opinion. Have a good day."
Toff makes a point of calling me Fleecy, most recently on the BT chat page. I'm afraid it's guilt by association for Gary; Defending Toff while calling me Fleecy demanded a response. no hair splitting on my part.
Now come on fleecy, stop splitting hairs,we all make typos. Stick to your point please, which you normally make very well in my opinion. Have a good day.
"Fleecy - I have been reading Toff's posts on various boards for a long time & he / she is certainly a person worth paying attention to."
Gary, the fact you called me Fleecy instead of Fleccy tells me you don't pay attention to detail. Vodafone have been in debt since they were formed. They could have completely wiped out the debt with the sale of their stake in Verizon Wireless but chose not to. I have no idea why Telecom companies maintain debt on their books, as they could reduce it over time should they wish. I know BT recently used the debt as a poison pill when it was speculated Drahi was making a move, maybe it has something to do with that.
I suspect Vodafone will look at reducing debt going forward, as the market has issue with it, not because they need to.
Toff. You say you can see a divi cut, a rights issue & an sp of 50p. Are predicting all three? Who would take up a rights issue if the sp is likely to fall to 50p? Sorry mate, but I can make very little sense of your post, apart from wild exaggeration. You make Mikey in comparison, sound like ramper of the year?!
I followed Toffs posts and he has a knack of showing up at the bottom just before a SP rockets. I remember him calling £10 on IMB and its now £20! I hope his appearance here heralds a recovery in the SP.
The div, ex div 24 Nov, is easily covered by discretionary free cash. Earnings per share are growing. Lots of asset/ portfolio proceeds to smooth out the glide path for sustainability. No near term liquidity issues. Price rises easily operationalised in 6 european markets next year underpinned by cost management initiatives. Expanding in African markets using the partner markets model takes full advantage of the brand, values c€20Bn.
Net Assets c€57Bn at last statutory accounts is the lower of cost and net realisable value at 31 March. All the recent valuation work seems to underpin that. Think the market has the problem eg like mesh says, margin calls. VOD has no problem funding cheap debt imo
Fleecy - I have been reading Toff's posts on various boards for a long time & he / she is certainly a person worth paying attention to.
It is 100% correct to say that VOD are borrowing money to pay the next dividend & as it is a gimme that the profits will be hit by the worldwide recession it is correct to say that the dividend is in danger. These opinions are not scaremongering they are wholly relevant & in my judgement accurate.
Hi Dan, i thought i was missing something with you and Moniman, didn't know you had history, at least he's got a sense of humour
once the share price has reached the bottom, and hopefully changes direction, maybe Mikey will start feeling the force for us again
Don't know what's happened to Amigo CSDI, don't think he posts on the psn board anymore either, maybe his Mrs has given him a clip around the ear lol, funny guy and great with figures but i think he's just cursed with picking the right shares at the right time, come to think of it so am i, if he's reading this, he knows i wish him well and hope he makes a comeback soon, looks like we will just have to suck up the low prices for a while, hopefully things will look better next year, at least there's that holiday to look forward to
cheers Amigo
Put me down for 97p pls
"I really can’t see too much value in Voda. They’re running the company like Truss & Kwasi ran the country. I see a dividend cut as inevitable- a probable rights issue - and a future shareprice of 50p"
Toff, obviously you know more about Vodafone's financial position than the CEO Nick Read, who is a qualified accountant. Clearly your post is worded to put the frighteners on unsure prospective buyers and nervous holders. Vodafone have had numerous opportunities to drop the dividend to zero, but haven't, personally I'd live with a dividend cut if it was deemed necessary. In the case of a rights issue, I don't see that as Vodafone appear to be raising capital through spinning off assets into partnerships, like Vantage, and selling other assets like Hungary.
If Vodafone decided to drop the dividend, it would save them just over €2.473638 Billion per year. Toff, rather than speculating on here maybe you should email Margherita Della Valle, or Nick Read, and ask them why they don't deem it necessary to drop the divi.
In the fine print and the detailed statement of net debt, one can see due to extreme price movements of bond prices, the collateral (margin) required for these positions had to increase. I personally dont see interest rates staying high for too long given the global debt levels. So its a matter of time when bond prices will snap back. And with that 5.5b will be recovered.
If this adverse margin requirement had not impacted the positions, net debt would have actually shrunk to 40b from 41.5b.
Looking ahead and if vod were to increase prices by inflation rate plus 3.5%, which has been indicated, then if applied to revenue across the board, it would imply an increase of revenue by ca 11/12%--> a revenue increase by ca 4.5b. If only a 4% increase were to be applied across all prices, that would lead to an increase in revenue by 1.5b. Such price adjustment wont have any associated costs attached to it, so the increase in revenue in the short to medium term will be pure profit and further boost to cashflow.
All things equal, FCF for fy25 should be 7b-9.5b. Why fy25? Because the new prices wont be fully implemented until the end of next year. FCF will be reduced if vod decides to bring down the debt. So whichever way BOD decides to go, this is a screaming buy at these levels when forward looking performance is considered.
All the best
I will go for 103p.
Generally, vantage, hungary, egypt and perhaps 3UK deal underpinning H2.
Tough week last week, but it was also a witching week (3rd Friday) Onward and upward
Mikey
Unfortunately i can see it getting close to 90p with ex div so ill say 91p
Did you know the dividend cover is 0.73?
Which is negative- meaning Voda are shelling out more than they’re earning.
Which is why their debt has ballooned to €45.5 billion.
I really can’t see too much value in Voda. They’re running the company like Truss & Kwasi ran the country. I see a dividend cut as inevitable- a probable rights issue - and a future shareprice of 50p
At its highest Vodafone had a market capital value of £228 billion compared with about £25 billion now.
And I can’t see anything to suggest that trend reversing.
Hello rob. I thought you might pick up on my "new playmate" I have known moni on here for many years now, before your time on here. He is all over the place with his posts at times,but he makes me laugh. Even when I compliment him, he still wants to have an argument (sorry intelligent adult disagreement) as moni would say. He has been calling the vod sp down for years now as he gets great pleasure in telling all of us, in his very modest,"humble opinion" (i.m.h.o) I think he wants a medal for his predictions, but when he doesn't get one, he gets upset. I have been trying to humour him lately, but not sure if is working, so wish me luck with that one. As for Mikey, I just wish he would stick to what he is good at, facts he has learnt from his long time as an employee at vodafone, not ski slope predictions. So good luck rob, Mikey, comrade moniman & everybody else who knows me, as they say! Hope the vod sp hits a pound soon, as Mikey used to say, Ironic or what? What has happened to Amigo C.S.D.I. by the way. I need more support on this forum? Cheers
(nostrovia)
Hi roofer thanks mate, but i added to dlg for the 11% dividend and potential growth once inflation is under control, i have been keeping cash back for a while for a potential vod top up and average down
I used to have 11 funds which had all built up a nice profit, but since we came into inflation problems and the usa tech stocks started taking a hit, i was then finding the profit i built up on funds were being reduced week by week, so i sold off a lot my funds to buy more dividend shares instead, just kept 5 of the best performing funds but even the profit on them has been reduced by 30 to 40 percent
I am now getting dividends from lloyds,lgen,aviva,mng,dlg,psn,vod , have made the decision to retire in two weeks' time, so once all payments have stopped going into my works pension will be taking out 25% tax free and transferring the rest into my sipp, so the low share prices may possibly work in my favour for now, hopefully we will see the shares starting to improve again at some time, the last few years have not been great for the stock markets, my largest holding Lloyds which is 25% of my portfolio has been a big disappointment so has vod just being honest, Hargreaves have been bigging up Lloyds as the share to invest in for 2022 as banks make good profits from high interest rates, but not seen much improvement yet, not complaining have not been doing great but reasonably well i think considering all that's been going on
sorry for boring the pants off everyone I'm always trying to pick up any investing tips from other investors as I'm definitely no expert
have a good weekend all
Next weeks close after going ex div = 102.3
Next weeks closing price 101p
Robleo ....thought crossed my mind , why dont you remove your capital just from your recent top up at DLG , keep profit in shares, must be up about 10% now and buy just a few in increments in Vod , Vod does look oversold now n due a bounce to 110/ 116p ish , ...just a thought....dont shot the messenger
Atb