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The QIA has entered into discussions with state-run Telecom Egypt to acquire 20% of the latter’s 45% stake in Vodafone Egypt. Vodafone Group itself currently in the process of selling its 55% stake in Vodafone Egypt to Vodacom Group, with the deal being valued at roughly $2.7 billion
https://totaltele.com/qatari-sovereign-wealth-fund-mulls-taking-20-stake-in-vodafone-egypt/
I’ve spent today wading through the financials & best guesses on the internet as regards VOD & I agree with Slarti that it is doubtful that the dividend will be cut. What is in no doubt is that this is a cash cow & I expect that the stagnation in Germany will be offset by growth in Africa, which is fast becoming VOD’s best growth market. Anyway, signs of optimism I hope & GLAll.
Narcus, you work for Vodafone, what are the general thought there for the November results
Vodger, I agree. The days of burning capital are gone. Think nov 15 should confirm vod is a cash cow and will retain the div. But who knows what happens next. Gov in disarray. Maybe Vantage will bring some good cheer?
I can also see this drifting down to low 70s, thing is, is it even a good buy then?
Think the dividend days are long gone, with no capital appreciation in site??
Mole, I think the wholesale jv is commercially the right thing. I think it may lead to margin % dilution if the roll out is succesful but will drive material revenue growth and materially increase absolute cash (fcf) with well controlled capital investment. Focus is 80% on the existing footprint so I dont expect expensive access costs
Dont know why everyone is particularly negative today although we are in the Halloween season imho
Robina, i totally agree with you mate the share situation is dire, please forgive me i was having a funny dream, but i have woken up again now lol
Very wise Mikey, we've all been taken for mugs by Reid, total failure, even Cevian have sneaked out the back door after their fanfare arrival, nothing more than BS to create noise and get out they have given up on Reid too.
Total waste of tme, switch off and hope for a 1.100 takeover in a tears time,
goodbye and good luck
And they are doing it all again, but trying the debt by stealth tactic this time, like setting up a JV to raise 5bn debt.
Ask yourself, why not pay for the German fibre install from just 6 months of supposed FCF and have 100% ownership of it?
More smoke and mirrors than a fairground here as management and stockholders try to release as much as they can to themselves before the tap is turned off. Just don’t be the one left holding the bag when the music stops.
Think I'd be back in at 0.71 Robina, it might get there if the earnings report due soon is unfavourable & or if the dividend is reduced. I seem to remember having these very same conversations about VOD in 2019 when it last rebased the annual dividend "to mend its balance sheet". Only they didn't mend the balance sheet they just borrowed more to add to the debt pile. The SP was around 1.60 when they reduced in 2019 so all in all I'm starting to think Mikey has a point in harping on about the CEO going.
What chart are you looking at robleo?
Falling 10p/month. So could go past my long-feared 91p by Halloween.
Can even imagine 71p now.
Different area but look what's happened to the LLOY sp over time. Now around 40p ---- 40 fing p?! just ridiculous (like the LLOY thread). I remember selling them at 450p decades ago.
todays price action ?
Can't wait for it to reach £1.40 so i can talk it up to £2 let's hope this Has reached a turning point, as it's well overdue
Can't wait for it to reach 1.10, so I can talk it back down to £1. Whatever turns you on?! Sack Nick. Sack Nick?
I would add more, but unfortunately no funds. Well done to those that have added at this supercheap price.
added more me too super cheap
here at 100p.
Thanks Dan, Robleo,
As far as VOD goes, I am a sentimental old hector and an old fool. I am sure we are worrying unnecessarily. After all, Liz Truss was director of economics at CW and that must count for something :-)
Vodger, dividend is not that great really and due to the heavy company debt, not really very secure either, most dividend shares have a good yield at the moment due to the drop in sp such as direct line with a current yield of 11.5%, persimmon 18.5% not saying this is not a good buy at this price, if the last couple of years are anything to go by it will probably go up to 140 again maybe a little higher with the possible new deals, but what will happen then, will it drop back to £1 again or go onto £2, with less revenue after the selling off their assets' I'm not sure
a good addition to a portfolio at this price in my opinion, but maybe not much more than around 5%
vodger. I think vod is a buy, but the motley fool is what it says on the packet, a bunch of fools. Best to ignore all Motley fool articles.
'The Vodafone (LSE: VOD) share price has fallen 25% since its 52-week high in February. And over the past five years, it’s down more than 50%. I’m looking at Vodafone as a buy candidate now.
I think Vodafone shares have been overpriced in the past, and part of the recent fall has been a much-needed correction. But it looks overdone.
What do I most like about Vodafone? Its dividend yield, now pushed as high as 7.5%.'
https://uk.yahoo.com/finance/news/does-vodafone-share-price-fall-112000356.html
Mikey's on Strike ....already
" I am a union man, i say what i think that the company stinks , i am a onion man ..........
Vodger. How about from Otis Reading's classic album, Blue. A change is gonna come?
That'll be the day. "You say your gonna leave, you know It's a lie"
Entries in by Friday please.