Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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A total of €4 b worth of buybacks intended. €2 b after the completion of sale of Vodafone Spain and a further €2 b after Vodafone Italy, according to today's RNS. Since there are 27,078,739,427 outstanding VOD shares according to the latest voting rights RNS, then this represents a total of 14.7717 euro cents per share worth of capital return. At current fx this equals to 12.623 GBX per share. At current SP of 68.8 GBX this represents only 18.347% of mcap. And the higher the SP the lower this figure gets! Am I missing something?
Best Regards ValueS
Share buyback is a mid term benefit, if earnings growth materialises.... but they need to do it,rather than just hand the cash back to shareholders, as the cash flow now will be lower once Spain and Italy gone , and the BB will assist EPS by H2 FY25
Italy sale is cash flow dilutive
A special dividend would have been nice….hope share buyback is beneficial…it has n
been singularly unhelpful with ABDN..except for Stephen Bird’s bonus
" As at 31 March 2023, Vodafone Italy had gross assets of 12.4 billion Euro . For the 12-month period ended 31 March 2023, Vodafone Italy generated a loss before tax of Euro (49) million."
Amazing really ....that with 12.4 billion Euro of assets ( plus some debt ) it can only generate an operational loss
Great news today.
Good to hear VOD will be investing in B2B IOT networks.
Plenty of opportunities for future growth, with a rebased DIVI to keep the investor interested.
One for the longer term, not for trading
1. five business divisions: Germany; European Markets; Africa; Vodafone Business; and Vodafone Investments.
good idea, ....to really drill down and focus on performance and also be in a position to sell any one division
2. Future still very competitive and they are going to have to work hard to get improved earnings out of what they have left .... lower dividend inevitable, and suggests they indeed dont expect any great change to earnings in the near future
3. The German CEO leaving suggests they are still struggling there and it needs immediate attention
4. BB Better option than any special dividend
5. Market reacting well, because it feels the CEO has executed what they had advised her to do
Is Jsteh a new alias for our friend jax?
Not been in these for a longtime starting to see some action taken and finally announced dividend rebase bought big chunk this morning good luck all.
Agreed Stupmy. I having been watching this for ages and have finally bought a first tranche today. I was just awaiting an announcement on the divi, and want to spread my divi share basket. Relaxed if it drops a bit more.
Yes manipulation at it's finest.
I like the fact that the dividend question has been resolved. That takes a negative out of the equation for the future. Like bobrad I think it'll drop back. My view is you'll be able to add at 66 or lower (probably sooner rather than later). Whether a drop to my previous targets is still likely I dont'know
I find it hard to believe the share price wasn't pushed down this week knowing this news was coming.
At todays prices 4B buyback equates to 20% of todays shares being taken out of the market.
Not seeing the massive rally myself (happy to be proved wrong). The one thing you could always say about this share when the share price is tanking, oh well at least the dividend is decent. Rebasing it as they have, it's not the worst return on a 66p share, but a poor one on a £1.50 share (which clearly it has no intention of ever being again).
Why not top up today,,,,when it drops
Cutting the divi makes complete sense to me - it eliminates the divi not affordable stick to beat VOD with going forward - hopefully the market will agree - lets see
gla dyor etc
I don't think you missed the boat loading up.
Every time MDV announces anything, everyone gets excited here about a rally. Then analysts weigh in and finds weakness. SP drops.
*wasn't
Oh well no more emotion
Last low top up was yesterday, onwards my friends.
'Capital Allocation review would take place in May'
The detail in the rns says 'option'
The story still reads like growing off a lower base.
It's a flippin pension scheme that just realised it was being commercial all these years.
Who knew?
What's funny is that this news isn't appearing on the front page of FT. An 8bn deal in the UK is substantial.
FT just licking the behind of American garbage stuff. Japanese owners paying lip service to their American overlords.
I'm not in the game of making price predictions, but I'll be gobsmacked if the price doesn't go up on the back of this RNS.
Oh no, I was planning on topping up much lower from here before this happens.....
Bad move strategically to announce both news at the same time..
Is that 8 billion less than investors were hoping for? Was 10 billion bandied about previously? I can't remember the detail. I guess we'll see in 15 minutes or so how the market perceives it.