Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Don't be surprised if you come back to this safe car park to find you've got two flat tyres, a broken windscreen and your stereo has gone!
106.55
"How is this a safe place to park money?"
How is it not?
I don't know what's going to happen after ex dividing
How is this a safe place to park money?
It's looking very oversold, just bounced off a key level and has a juicy div lined up, can't resist a tickle! Worst case LTH it and reinvest the Divs into bonds.
Decided to take some profit first thing from my IAG holding as I thought Covid news coming out of China may spook the airlines again.
Parked another £15K here as I have the feeling we have hit rock bottom and with a reasonable divi coming on Thursday it seems a nice safe place to park it.
Put me down for 96.8p as ex div, this will eventually climb but not yet!
80.25p
108.86
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