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Yield too high - so let's cut it!
Sp lowest for 10 years.
Difficult to see a way back from here.
I had long predicted 91p. I am an optimist.....
Porsche. Assuming you live in the U.K. it must be awful to live in a country that you clearly hate?
Oh well, at least Mikey is happy! You can't please everybody.
No, it’s a crxp company with a declining biz model and a ton of debt. I did warn you this is a penny stock. .80p coming up. Brexit loony basket case U.K. finally going over the cliff, been coming since 2016, enjoy. I’m in usd cash??????
mehmeh. Where do you get the idea of a divi cut from. Next years divi is predicted to go up from 9cents to 9.2 cents.
There's no way this is sustainable but at 99p will there be interest in a takeover whilst sterling is low...
Not sure why they would cut the dividend? Positive OFC covers all investing and financing cash outflows (and presume debt can be refinanced albeit more expensively).
They do need to bring debt to more normal levels though. It's crazy high.
How much dividend cut do you expect? Full suspension or cut?
Well here we go - next stop 90p .
too early in the morning wrong link .....holiday time...
https://au.finance.yahoo.com/news/brookfield-digitalbridge-weigh-bid-stake-080854352.html
mole. I agree it is good to humble (Unless you own a Porsche) ! But I also hate brits that bash themselves. I also hate brits that bash the Europeans. The trouble is, there are some people who live in England that hate us. It's all about having a balanced opinion. As for queing, that is a very bad English habit, see a Que & join it. No, go away, & come back later. But us brits love it.
My point is, it's very easy to absorb the UK is finished rhetoric. We are not the only place having difficulties.
One thing us brits are great at is bashing ourselves. It's good to be humble, but have some comfort that the grass is no greener over there, wherever there is.
We are also great at queing and waiting. Skills required in this market.
Mole. "I thought we were supposed to be better off if attached to Europe" I think that was before Russia invaded Ukraine. Germany are more affected by Russia, than the U.K. is, surely? Perhaps you just fancied having a cheap pop at Europe e.h. But as you say, it is difficult everywhere.
Of course the last 5 mins is going to send us into the red again - it is Vodafone after all - not allowed to stay on the Blue :)
IMF forecasting Germany to decline 0.3% and UK to increase 0.3% next year.
I thought we were supposed to be better off if attached to Europe?
It's bl0dy difficult everwhere.
Porche clown
Enjoy your Ford Fiesta
Complete restructuring coming, expect dividend slash or suspension, this has been coming for two years, like most of the crxp on dog index of the world ftse 100 has been found out, debt unsustainable and rubbish biz model, thank god I dumped this at 1.68 and went into apple, 109 at the time. This is going to .80p, watch this space. On another point Reuters article this morning that outflows from U.K. assets that started after brexit fiasco vote have never stopped and have now speeded up to record amounts, all the money is flowing away from U.K. not into it as it’s seen as a basket case with a Mickey Mouse currency ( what would you rather own usd or sterling ) therefore prices will fall generally but for highly indebted dross like Vod it’s terminal. It’s inevitable. Enjoy.
WOW? What would we do without him? Perhaps he is not totally stupid then? Up at the end though? & up tomorrow we hope. Poor little Mikey?
Don't worry, they're planning to foist it onto an unsuspecting Hutchinson. Genius.
Liquidity profile,
Dont forget, half of that is hybrid buybacks
Strong liquidity position
Net cash position = €10.1 billion
Unused facilities = €7.6 billion
Maintain target of 2.5-3.0x leverage
No short-term refinancing requirements
https://investors.vodafone.com/debt-investors/financing-strategy
VG €1.25bn 1.75% EUR 1,250,000,000 25/08/2023
VG €2.0bn 3.1% EUR 2,000,000,000 03/10/2023
VG $2bn 3.75% USD 2,000,000,000 16/01/2024
VG $1bn FRN USD 1,000,000,000 16/01/2024
VG €750m 0.5% EUR 750,000,000 30/01/2024
Huge amount of debt due from JULY 2023 TO JULY 2024. Around 7B euros
VG €1.25bn 1.75% EUR 1,250,000,000 1,250,000,000 25/08/2023
VG €2.0bn 3.1% EUR 2,000,000,000 2,000,000,000 03/10/2023
VG $2bn 3.75% USD 2,000,000,000 2,060,000,000 16/01/2024
VG $1bn FRN USD 1,000,000,000 1,030,000,000 16/01/2024
VG €750m 0.5% EUR 750,000,000 750,000,000 30/01/2024
Huge amount of debt due from JULY 2023 TO JULY 2024. Around 7B euros
O look another price downgrade and we start to slowly drop back of the earlier highs