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not a good day on the stock market guys, is this the start of what's to come over the winter ? at least there is one happy poster here today ?
Fleccy Im sat in lloyds but not Bt. Banks will eventually get a windfall tax, they will be hit in a couple of years time, just remember to get off the roundabout before then.
Cine paid a dividend back in 2019. Any company can pay a dividend if they can borrow it from the bank.
I gave up trading Vod long term time horizon years ago. Set your exit upon and stick to it. Let the limit be hit say thank you and leave thats what the institutions do with this
Let's see what happens, I was long vod for many many years going back to the £2.50 days, I'm sure we all remember them. Just decided there's more chance of making money with the debt on the other side of the trade. Long term great company, see £2.50 again, no I don't think so.
"No we could be in trouble - finish below £1.20 - more like £1 here we come - its ok though Read has done a great job these last 3 years"
You're only in trouble if you're sitting on a paper loss and desperate to sell. Looking at the 6 month chart it wont be below 120p for very long. I'm getting my Lloyds and BT dividends next month, and still sitting on my Vodafone dividends; Depending on where I see the most value will determine where I top up next month, it could easily be Vodafone.
No we could be in trouble - finish below £1.20 - more like £1 here we come - its ok though Read has done a great job these last 3 years
Just put a big short on these think we are going sub 110 close below 120 should confirm. Don't wanna be long come October
Getting close to US open - sub £1.20 here we come - not a good start to the week
"As for Vodafone buying Mannesman, that was a complete disaster, but that's history long gone."
I believe it was an all share buyout, with Mannesmann shareholders taking just under 50% of the combined entity. At the time, due to the dotcom bubble, Vodafone shares were around £5; Mannesmann shares were probably overvalued at the time too. It's hard to know if the Vodafone /Mannesmann could be described as a disaster, since I believe the merger was based on shares and not cash.
"This is going under a quid and dividend will be cut, theres no money in telecoms ( look at crxp like BT ) but the debt is the killer here. Ftse at less than it was 22 years ago, omFg, this winter the U.K. and indexes are heading back to the 1970’s. Terminal."
Porsche why do you bother posting, if you're so successful at timing your investments after the fact? You should peddle your Walter Mitty nonsense elsewhere, I don't see any substance in anything you've said, and most others probably dismiss your fiction too.
Thank god I unloaded this steaming pile of shxt. I changed the money into usd at 1.42 and bought Tsla at 615, what a trade, up 50 pc on tsla and 15pc on currency as sterling has cratered. Vod now valued at a lot less than its debt and its German buy now looking like the stitch up it was, Liberty took them to the cleaners. This is going under a quid and dividend will be cut, theres no money in telecoms ( look at crxp like BT ) but the debt is the killer here. Ftse at less than it was 22 years ago, omFg, this winter the U.K. and indexes are heading back to the 1970’s. Terminal.
Cont' Both the purchase on mannesman & the sale of verizon were before Nick Read was C.E.O. so no point blaming him, or the B.O.D. unless you just want to have a vodafone rant, as suggested.
maddmax. Half of the sale proceeds from Verizon was given back to shareholders in the form of a special divi, the other half was given to vod shareholders in the form of verizon shares. As for Vodafone buying Mannesman, that was a complete disaster, but that's history long gone. Time to move on.
The mult is 9.1x EBITDal, not EBITDA. EBITDal puts ‘special loses’ back into the figure. One of the reasons the market not that blown away by it.
The more letters a company keeps adding to EBIT, the more they are trying to deflect attention.
Well it will be interesting to see how far we go if we drop below £1.20 - could we be hitting the £1 mark again .
I always manage to mix them up.Cheers.
Well that uptick didnt last long
"What a useless investment this was.I am still in the red after holding it for over 20 years now.They have 33 Billion debt on their books.What the hell did they do with the proceeds from the sale of their stake in Mannesman?"
I think you mean Verizon Wireless, not Mannesman.
Divide by 9.1 to get figure. It's about 200m eur.
What a useless investment this was.I am still in the red after holding it for over 20 years now.They have 33 Billion debt on their books.What the hell did they do with the proceeds from the sale of their stake in Mannesman?As soon as I am back in profit I will dump it and never look back.Cant wait but I guess it will take years knowing this company and its BOD.
"9.1 multiple seems good"
The reported 9.1 multiple is based on EBITDA, not Net Income. I've tried to find information on Vodafone Hungary's Net Income, but as far as I can tell it's mixed in with other Europe, and even then I can only find EBITDA, not Net Income. It's hard to judge what the correct multiple is, but I suspect Vodafone wouldn't sell unless it was in their interest to do so.
More of a geo political exit i think , dont want the Russians just taking it in a few years time , seeing this in other sectors .
GLA
9.1 multiple seems good
That’s one way to reduce debt : sell the silver..