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"Hello fleccy. You sound a bit rattled today. unusual for you. What do you think about vod's deb't?"
Not rattled, just been roasting in this hot weather. I don't like Debt, but Vodafone has carried a ton of debt for years. If they wanted to go debt free, they could have done that when the sold their share in Verizon Wireless. I'm not sure why Telecom companies like to carry debt; They don't need to carry as much as they do, as they could focus on debt reduction using their profits, possibly at the expense of the dividend. It must suit them to carry the debt, otherwise they would reduce it, an accountant might have a good idea why.
I think the 8 years was in reference to Telecoms in general, with moves to 5G/IOT/FTTP. I said 8 years as companies like McKinsey reckon on multi Trillion Dollar revenuse from IOT by then.
"By 2030, we estimate that it could enable $5.5 trillion to $12.6 trillion in value globally"
https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/iot-value-set-to-accelerate-through-2030-where-and-how-to-capture-it
That will be spread across multiple industries, but Telecoms should get a good cut of the profits imo.
Hello fleccy. You sound a bit rattled today. unusual for you. What do you think about vod's deb't? Is it manageable? You did mention 8 years for vod to turn this around in an earlier post which is a bit worrying I think? I don't think the average vod shareholder has that much patience? Cheers mate.
Gary. Fair point, Even I recommended your post.(your 1st post that is) At least you have a sense of humour. Have a good day.
" Time will tell & if I know VOD that will be a very long time."
That's your problem Gary, you know absolutely nothing about VOD.
Three reasons Rob, debt, debt & debt as Mikey correctly says it is still going up.
Perhaps four reasons as VOD need to shell out much, much more on upgrades etc every year just to stand still so very probably more debt. Proper investors just have no confidence in VOD apart from those lot who just brought nearly 10% at almost £1.30.
We have to ask ourselves why & why at that price, perhaps there is something in the offing or perhaps they just had too much money floating around. Time will tell & if I know VOD that will be a very long time.
Easy - the markets have no confidence in the muppet who is running the Company and his constant under delivering in his words he says every year at results . Debt is rising not falling - he constantly goes on about getting value for shareholders - hahaha - worst investment E& ever made !!!!!
The results seemed ok, so why is this still dropping, any ideas
Here we go - the yanks are taking us down again - maybe Read is part american !!!!!!!
I just hope that 'e&' don't decide that they have brought a kipper & sell their holding of almost 10%, that would bring us under 90p for certain.
Mikey & Daniel, can you just swap mobile numbers (VOD I hope) & then you =can both text your insults at each other & leave this board to what it is supposed to be.
It would save ALL the other readers & posters on here reading your sh i te.
Hi soton well done a profit is a profit, i did take a look but was getting better dividend elsewhere, another one i lost out on, have as many shares as i need right now, may be too many, trying yo improve on them by adding at a lower price than my first purchase when i get the opportunities, hate it when you buy a new stock then the price drops, my timing is terrible so having realised that i try and do it in a few stages, don't get the bottom price, but helps me to avoid buying at the top and being in the red forever, was looking at rio but entry price was looking too high at the time, how is ukw doing, renewables seem to be the future
Hi Rob not sure if you will remember but back in March i said have a look at GLO an energy stock....well gutted to say they are being brought out with a 36% upside...made a good profit on that but would have preferred to keep the stock as paid an excellent divi quarterly....not sure where to go with the proceeds safe to say it won't be here.....maybe will plummet for a mining stock.....
Thank's rob, what would we do without you? You should get the job of speaker in the the house of commons? Order. Order!!
Fair comment dan
Hi C.S.D.I. I think Deutsche are the house broker & in cahoots with vodafone, so probably best best to ignore them? Who knows what the real value is? Perhaps if anybody does really know ,they are keeping to themselves, just waiting to pounce when the time is right? We just have to guess most of the time. good luck mate.
You can just imagine Mikey looking at his screen & getting turned on by green filtered messages! The mind boggles?
Will stay out of that one mikey, you two will never agree, everyones circumstances are different on here, i have 3 choices here. Sell at a loss or do nothing and get a crap divvy yield or wait for maybe 110 And top up to lower my average and increase my dividend yield, decision
Hello rob. Well 1st I agree with you when you say maybe bad management, or maybe things beyond there control. What I don't get is why you keep saying I am supporting Nick Read, just because I don't keep banging on about sacking him all the time. As iv'e said many times, no point sacking him unless there is someone better to replace him. Besides he does have a lot of support from cevian & and the Arabs & I think they probably know better than you or me? So shall we move on from that one? As for your rude suggestion about Mikey, even I have never called him that? Have a good day.
Just love all the green filtered messages from You know who ??
Decided to bail out this morning and take a loss even though I'm a customer via Asda Mobile contract. I was really badly stung by holding onto RCH and still feel the pain so don't want to risk that again. DYOR GLA
Mikey you sound like your having an orgasm with all this lol
3 broker updates
incl 1 re-initiate
1 same (Deutsche @ 250p still - must be mad - been saying that for 2 yrs now)
1 down from 155p to 150p
Funny how some Brokers can move the SP and others have no affect.
GL to all the brave VODers
Cheers - C
And just to rub salt into the wound 3 downgrades in price today. Its ok though , Read is doing a fantastic job !!!!!!!!
No - surely not - Its falling again - who would have thought that - its ok though Read will sort it out !!!!!!!
Poker chips - amortisation is an accounting measure and has nothing to do with tax. It’s actually one of the first things you strip out of a set of accounts when doing the CT return and replace it with capital allowances, and once the AIA has been used, the remaining costs get spread over a number of years in way that’s slightly different to amortisation. Yes in certain circumstances you can write down assets to create a loss for tax purposes.
Therefore when you significantly reduce capex you don’t get a massive surge in either accounting profits (due to the amortisation of previous capex) or a massive increase in your tax bill (due to capital allowances) but you will either see a massive increase in FCF which in this case should lead to a reduction in net debt.
To a certain extent I’m playing Devils Advocate with you and Fleccy, as I don’t know for certain what will happen, however I do know it won’t be as clear cut as when capex significantly reduces post 5G rollout and there is global adoption of IoT that the telecoms companies are guaranteed to be major cash machines. There are lots of other factors at play that we can see now, and lots more than we either don’t know or haven’t happened yet.
I agree about Big Tech - it’s scary stuff. I can remember watching sci fi films where the big corporations rules the world / galaxy. It seemed like fantasy at the time, but it looks like we’re on that path! Even space exploration is now starting to be done more by the private sector which would have been unthinkable 20 years ago. The legal departments of all the FAANGS are always kept busy with numerous regulators / court cases, but the speed of development is much faster than the speed of legislation at the moment so we’ll see how that pans out.
Anyway, brace yourself for the yanks to really start wetting the bed again when they properly digest what Powell actually said last night …