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Dan, Very droll...magic wand (you're a comedian) but perhaps you can give some analytics and say how long you think you should pay one of the most highly rewarded CEO's in the FTSE100? n my book 4 years of share price declines is enough. Regarding the sum of the parts conversation, there was a very good thread a couple of months ago where it was generally well argued that the sum of the parts is significantly more than the current price. Why else would you think we've seen 2+ major investments from activist shareholders.
You'd be forgiven for forgetting that conversation - it was the one constructive one that took place on this board amongst the 30-40 pages of inane Friday close predictions!
“ and we continue to actively pursue opportunities with Vantage Towers and to strengthen our market positions in Europe."
Lost track of how many quarterly and yearly updates he has been saying this . Guess what - nothing !!!!!
Dan, this might help to explain
https://uk.finance.yahoo.com/news/ftse-100-vodafone-shares-uk-price-rises-sales-103636117.html
ftseexplorer. You say the company needs to be broken up & the parts sold. So who is going to buy the parts, & for how much? Unless you can answer that, I don't get the point of your comment. Why do you think the parts can be sold for more than the market cap value? You say, 3 months ago Germany was growing, but now it's declining. Could that be due to the Russian war perhaps? You could always just blame it all Nick Read I suppose? I think he has asked for a magic wand for Christmas this year?!
Beached whale pretty much sums it up - no-one can say I have been impatient as I've held for over 10 years but Nick Read's deal making has been far from impressive and it fundamental that we need to merge and cut overheads.
This company needs to be broken up and the parts sold off IMO,as management constantly come up with some reason why the company has under-performed...a sign that the beast is too unwieldy.
The results throw up some very concerning figures if you compare some of the KPIs for FY 22 to Q1/23 - the Germany trend is worrisome.. only 3 months ago Germany was growing at 1.1% and is now declining by 0.5% but other KPI's get hidden by the comparison to the like for like quarter when it should look at quarter on quarter.
For example MPesa users have dropped from 52.4m users at year end to 49.7m now which is >5% drop!
African data user have dropped by 1.9m to 88m. I know Europe is the biggest market but if we can't show better growth that this when they've just put up prices by 9.3% then its clear their cost base is out of control!
Love your optimism Mikey
Looks like the decline has started .
Dont worry it will probably start drifting down now closer to america open
The loss of customers in Germany resulting in a 0.5% decline in service revenue over there after a new law ended automatic renewals is a concern. The German VOD IT system underperforming which must have resulted in a loss of some of these customers shouldn't have occurred & it just shows how much VOD still has to learn.
Was expecting a bit of volatility on earnings day but suppose it didn't tank....133 and I'm out...nice August dividend on it's way...tend to agree with this analyst
Vodafone’s share price continues to have all the vitality of a beached whale, having struggled to make any meaningful progress for more than a decade," said Russ Mould, investment director at AJ Bell.
Was expecting worse, so some slight relief there
Results aren’t great yet share price is holding
Just goes to show how selling here has dried up
Question is is there buyers?
Well if its like any other vodafone updates we are downwards from here . AGM tomorrow
can't grumble at them results really I expected worse....
122p for me, not expecting a good update t'ow (hope I'm wrong...)
GLA
Yes the markets control the share price - but what Nick Read does as a CEO has a big effect on how the markets react to vodafone .
Nick Read's salary is about £3 million per annum. Very nice. Is he worth it? I don't know? Maybe not, but if vod reduced Nick Read's salary to zero, & the £3 million was retained by the company, it would have the affect of an increase in the share price, of about 0.014p per share, per year. So I think we should have a sense of perspective. Also Nick Read does not control the share price, that is the market. The only way getting rid of Nick would help the sp is if vod can find someone that the market would prefer, but as I am not an expert on these matters , for me, just doing the usual, knee jerk, sack Nick Read, would be completely pointless.
Dan you wouldn't like the Nick Reed results mate, I wouldn't want to upset you lol
Will update any more entry's tomorrow, as I'm going away until tomorrow evening
Cheers guys and good luck
Prediction Guesses for 29/07/22
robleo 1.33
Dan 132.6
mole_man99 1.15
sotonspike 1.34
CSDI 1.30
scratch49 1.28
Fredrubble 127.85
oaklodge 131.5
Exil 131.1
Pacino 1.34
Davidkeithb 131.20
closing sp
If the person was any good why would they want a bigger salary . Build some decent bonuses in depending on how the Company grows and share price increases . If they can get the share price back upto the £1.80 - £2 range short term they can have as much as they like . Read keeps getting his bonuses and the share price has done nothing !!!
Never mind Nick Read, they need to change the Voda red to some other colour. IMO its nearly as stale and dated as coop blue.
So rob. Another vote for you to adjudicate please? Nick Read , Back him, or sack him? Votes in by Friday Please. Just a bit of fun, But the real question who should replace him, &would he want an even bigger salary?
https://www.thisismoney.co.uk/money/markets/article-11042261/Vodafone-investors-urged-vote-against-chief-executives-pay.html
may be of some interest
Evening peeps from the Master of Predictions !
Didn't think I would be collecting ANOTHER gold medal - the trophy room is just too small to cope.
I reckon it's good fun to keep the game going - completely harmless fun - while you all wait for the SP to climb back to previous glory of £2 +
Happy to go for another prediction 130p next Friday if anyone is bothered - esp Rob as the Chief Controller.
Please to see PSN remembering that SPs are allowed to rise as it has been on a one way (Mikey-like) Ski Slope for over 4 months since I first bought.
At least VOD seems to consolidating, preparing for the big push up the hill.
Take care & GLA - C
OakLodge. If your breakeven is 1.40 excluding divi's,you must be in profit including the divi's, as the last 3 years divi's alone come to about 11p, so your break even would be 1.29. Any divi's previous to then is profit,(including divi's). Excluding divi, of course you are losing, as I am. Looks like rob gets the thumbs up though?
Fleccie
£ 140.00 !! Senior moment or bad typo I am afraid. Sorry that I have cost you millions.
Dan. Good summary of most factors explaining VOD's erratic progress. I sympathise if you have been suffering this for 20 years. No, my breakeven figure does not include divi income. Even if I added it in it still wouldn't give me a profit due to capital loss on large holding. Because of the repercussions from the pandemic and the ghastly Russia/Ukraine war we'll probably have to be patient a little while longer.
Robleo
£1.90 is still a stretch but it's pleasing that you are staying optimistic. I think you are right. Companies the size of Vodafone are unlikely to go to the wall and should deliver in the long run when the market as a whole recovers.
Friday predictions - thanks for the admin. Can you put me down for 131.5