Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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KKR and GIP Nab a $16 Billion Telecom Consolation Prize https://www.bloomberg.com/opinion/articles/2022-11-09/kkr-and-gip-nab-a-16-billion-telecom-consolation-prize-from-vodafone?leadSource=uverify%20wall
maybe some earnings dilution and completes in 2023 so perhaps market dissapointed not sooner. Liquidity is tight?
When do they get the upfront payment?
The amount of JV VOD will hold is variable. Intitally it is the 81% they already own. I think the initial KKR funds going in are to buy out the listed shares of Vantage. They are then looking for KKR to raise more debt to take it down to 50%.
LondonCentric. It sounds like you should stick to playing Sega games then?
How much of Vantage vod holds after the deal?
Must explain the sp drop.
this should be good news!!
Alex Aka Alex the Kid is a Sega Game from early 90's its my nick name for Nick Read Vodafone CEO.
I am very surprised at the muted reaction to this. On paper, whilst I appreciate its not fully concluded, this looks like a good deal for VOD and at a considerable premium ‘in line’ with other strategic infrastructure partnership deals. So if it’s not the financial terms, as ‘in line’ that have resulted in a muted response then perhaps it’s because it’s a JV and not a clean break.
The share price reacted positively to a previous hint of IPO so one is wondering if it is just too slow and the in built uncertainty regarding the take up of minority VTO holders. Regulatory process is a known unknown. Or perhaps it’s the new BoD appointments! Lol!
It does seem odd. I was expecting this news with the results.
As for the results I am not expecting much given that at the July update it was the UK that supported the disappointing European results, especially Germany.
Fast forward to now and I think it will probably be disappointing results in Europe and UK plus higher churn in Africa!
My reasoning for buying here was that with the forward looking market those results are expected with a neutral response and they should be in the share price. The VTO deal was to be the catalyst for a rerate.
I don’t see an increase in divi just yet (famous last words) as we have the buyback to offset the MCB. I agree with other posters here about deleveraging in preference.
Following todays response it’s really going to be a tougher call now gauging the market reaction on results day. I just don’t see anything lighting the SP up just yet.
Hence I have reduced taking a 6% profit on those shares and have cash to cover my position. If it booms 5% all well and good if not I have options.
Good luck with your investments
Usual caveats
Trek
LondonCentric. Who is Alex Reid you refer to in your post?
Hi Roofer. None of these sites give future divi predictions. Only divi max, but after 30 days you have to pay.
He just cant stay away. So much for 1.10. An obsessive, compulsive, negative liar. Get a life.
Good to see you're back Mikey even for the just one post.....
More info
https://finance.yahoo.com/news/vodafone-sells-stake-16-billion-095903091.html
Ok its not £1.10 but had to come back for one post - seems the market have had their say on the deal . An olympic sized ski slope today .
Vantage towers deal is not very clear.
Biggest thing with Vodafone is ... will market consolidation go ahead? if it does in UK & Europe which everyone wants & it seems that the regulators aggree is a neccessary evil then telecoms will be in a new golden era & very profitable. So Alex Reid might be a numbers guy but so far he hasn't made a mis-tep he is doing the deals that make sense. If execution is correct & there are no further macro shocks we should see £1.40 in the short term & a possible upward trajectory towards £2.00 God willing! Its a British company so lets all be patriots & go out splash on a nice Vodafone contract for the new iPhone.
Another site
https://www.dividenddata.co.uk/
Hey need to reduce debt to 30b.
As slarti said, an incremental divi increase would be good. 2 to3% as long as the results are O.K. I think the results will be good enough for a gradual reduction in debt + a gradual increase in divi & sp.
I would love to see a div incremental increase to compensate for the last div cut. With valuations exceeding the MV and cash from asset sales mixed with net cash received from service revenue growth, I am hoping for a solid performance with no weasel words on outlook.
Just got back online after my spend manager locked me out due to an increase in out of bundle international roaming billing. Multiply out for all international roamers (airline travel etc) and Q2 may see an uptick in service and offset any churn/ cost of living adjustment.
Anyways, a hold for me and no tinkering until 180p..
GLA
Personally I hope dividend does not rise as it would be unnecessary and any extra cash is best used in reducing debt or just cash buffers. The dividend yield is high enough as it is. In the long run retaining the dividend the same for another few years should be the best solution. Both cut or increase could potentially upset the share price and cash will be more useful for other purposes.
last three years ex-div date 25/11 , 28/11 and 17/12 so ie. end of month or start of dec