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according to Hargreaves, Interim ex-dividend date
24 November 2022
roofer what concerns me is she share price usually drops quite a bit more than the dividend, at least that has been the general trend with Vodafone
atb
Read has had almost 5 years in post. Was promoted from within. His time is up.
Activists will be super unhappy and pushing for this also no doubt.
Ref: dividend , its in 15th Rns ...states interim 4.5 eurocents record date 25th Nov , ex-div will be 26th , Sp starting to pull back now , most of all volumes are alot higher with plenty of buyers bodes well...atb
Thank's Mikey.
Based on the one I was in before I retired it finished September 1st and then you have 6 months to decide if you want to take your cash back out , purchase the shares at the option price and hold onto the shares , or sell them at the price it is at when you decide to sell .
Thats if it runs full term . You can always cancel at anytime during the 3 or 5 years depending on how long you took the option for and take the cash out and start another scheme if it comes out lower . You can take out as many sharesaves as you like as long as you dont go over the maximum amount of £375 a month over all schemes - this maybe different for other companies though .
I am not sure when the option price is set . Vodafone did 2 schemes a year and the option price was 20 % off the average over the 3 previous closing prices .
Hello Mikey. Thanks for your reply. I have been involved & know people who have been in share option schemes. It is quite common if the sp performs bad to withdraw your money mid term & take out a new option at a lower price. I guess the rules may have changed, but I wondered if you know when the option price would be set? Would it be February. Are the options different for the Directors? Cheers.
Daniel
I suppose it depends how low she will think it will go and how much she will pay in charges etc to cover the difference in the £1.02 and price now.
Dividenddata site. has same date and I know it was updated recently so guess ex div 24 th Nov
Mikey. Good point. I agree, she either needed the money, or withdrew it so as to buy the shares at todays price. If the latter is true though, I don't get your 2nd point, that she doesn't think the price will go above 1.02 before Feb. If the price rises above 1.02, she will make more money buying today at 96p than paying 1.02 for the share option.
"BoA upgrades Vod, oh dear that only means one thing usually!"......well as I expected...until the €45 billion debt is resolved I don't imagine this will ever reach 140p...120p could even be a very long way off? Beware Broker targets...!!!!!..I especially like the Deutsche 215p...it's been calling 230p for an eternity...lol its the funniest thing I've seen in ages..Aimho Adyor!!!!
https://www.lse.co.uk/ShareBrokerTips.asp?shareprice=VOD&share=Vodafone
Anybody still not sure how it works, please read the R.N.S. today on this site.
Sorry if this has been asked already but I can’t see it has recently…is the ex dividend date next week on 24 Nov?
Dividend max suggests it is but can’t see it on the Vodafone website?
Thank you
The bond site is out of date. It’s still listing the $1bn they should of paid back in September, assuming they did manage to refinance it.
Bonds increased from 48bn to 50bn in the half year, despite converting 2.5bn to stock so in reality increased by more.
There are also a myriad of derivatives linked to the bonds currently giving an additional liability around 3bn.
All said and done, interest is 50% of EBIT. Too much debt for my liking followed by irresponsible actions like extending the buyback.
Avoid.
There has been no director buys using their own money since 18 May when shares were brought by the CFO at 1.19.
Lots of "tax related sells" though at 1.27 the largest when Mr Read trousered almost £624,000, leaving him with just under five million two hundred thousand shares left to sell. Now there's an incentive Mr Read to get the SP up before you depart (dream on).
No - it says she withdrew the cash she had put it so she didnt actually purchase the shares . In other words she doesnt see them getting above £1.02 before february which is when you had to make the decision as to purchase them at £1.02 or take the cash back out . Unless she took the money and intends buying them at a lower price
Don't you mean that she expects them to be much more than £1.02 by next year so she bought them now , otherwise she would have waited until then if she thought they were going to be cheaper.
piling up
Bank of America raises Vod to £1.40
Just to add that you had until end of feb next year to make your decision - so that means she doesnt expect them to get above £1.02 before then - unless she was short of the cash .
I am not sure she bought them . She has taken the cash out of the share save instead of purchasing the shares !!
OK a buy of options but at £1.02 with her own money but is still more than current price of 97p ish and still a show of confidence.
Yes great to see 2 new broker targets, 1 for £1.30 and 1 for £1.40, give it a few weeks and we will be up there again.
Just google Vodafone Bonds and the site comes up with them all listed in various currencies
I'm out. I've been in Vodafone for the best part of 20 years and the share price has done nothing but decline. Year after year promises are made, year after year brokers give higher price targets, yet nothing. In my mind Vodafone needs to sell and come out of some countries completely, get themselves in better financial shape and use any spare cash once debt is paid down to grow in the most promising countries. They are spread far too thinly at the moment.