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It gone right downe agane sadley.
I were knot suprised when the slop started.
It be rollin over big tyme.
I is glad I isn't in it 😁
Next week, Beo1 will teach us profit and loss :)
Nice little rug pull today, classic FTSE.
Yes, it does make sense.
On the group accounts the debt numbers would be the actual debt from external providers and yes thats sat in the group accounts. The Group holding company will then inter company loan X amounts to the individual entities (eg Vodafone Ltd), that debt will not be part of NewCo Italy. so therefor the asset on the holding company will be £0 but the actual debt with the finance company will still be there till we pay it. Based on the UK i estimated the Italy inter company loan to be about 2b eur but it is a guess.
"If i had to guess I'd say about 2b Eur, UK is 2.5b but Italy is 2/3 of the size"
Beo no doubt you have a far greater in depth understanding of accounts than I do, but are you overcomplicating something that's simple. Does Italy have any Financial Debt? Because I can't see anything in Vodafone's documentation mentioning any Financial Debt in respect of Italy, with all the Debt accounted for at Group level within the Free Cash Flow calculation.
Italy will have Liabilities, like leases, but they will transfer with the business along with things like Spectrum licences. Is it not reasonable to assume that Vodafone will receive €8 Billion in cash, keep hold of any debt at Group level and Swisscom will take ownership of any Liabilities directly associated with the Italian business onto their books?
In the RNS it says the deal will go through on a "debt and cash free basis ", so I assume Vodafone wont transfer any debt onto the Italian business as part of the deal, and Vodafone will receive any outstanding cash on the balance sheet when the deal closes; So Vodafone will receive sale cash of €8 Billion plus whatever cash may be sitting on the Italian business balance sheet when the deal goes through; With any liabilities, like leases, then becoming the responsibility of Swisscom.
Does that make sense?
"Vodafone has rejected an offer by billionaire telecoms tycoon Xavier Niel to merge their Italian operations in a €10.5bn"
Today we have :
"...There is also a possibility that other parties, such as Iliad, the French telecoms group that operates in Italy as a low-cost mobile provider, could make a counter-offer or challenge the deal"
This 'deal' will have a few more twists 'n' turns before long imo.
aimo & dyor
That's a dad joke and a half right there
Avocet. If he sold up he would have nothing to moan & Garonne about!
I do not believe that Garonne is invested in VOD.....takes too much pleasure when the price goes down
With hindsight, the cue to dump this was when Margherita got the CEO job permanently.
Garonne, just take my advice and sell up. Your constant moaning here is just annoying.
You are so unhappy with your investment here just sell already.
Gutter and Garonne
If you don't like it - sell and move on!
Simple as that
Of course Divi maybe cut to reflect disposals that's to be expected. Common sense not that common. A relative divi cut would be already priced in.
Perhaps Illiad offloading there investment? Pure speculation on my part, but whats the point of there investment now, clearly bought to try and hold some sway on the Italy decision.
And the party's over. Back into the downward cycle. All the hope of the last week, following the rumours leak, dashed as clearly no-one wants it and with the sale of Spain and now Italy, the dividend will surely be cut. This share never ceases to disappoint. At the current rate of going, it might take years to get back up to a pound if it ever does. No doubt we'll get some more downgrades soon for good measure. Hopeless!
It knot lookin goode agane.
Vodefone share holders stagering abowt like spesial needes Eddie Edwards ski jumpping f ool goggle eyes can't sea the ski slop.
It where up loads earley and know looke 🤣😆😂
A little disappointing so far with the SP only up 0.34% as I type, but nothing surprises me with this share.
At least with a few more quid in the bank VOD's highly paid & amazing board of directors (not) may consider keeping the current dividend i.e. no reduction.
Perish the thought that they would consider a special dividend which may just send the SP shooting towards the heavens.
If i had to guess I'd say about 2b Eur, UK is 2.5b but Italy is 2/3 of the size, but Italy operates at a return below the cost of capital which should translate to a higher debt value comparatively to UK.
But, I've read some news articles where it say's the 8b eur includes them taking on the debt, but the RNS said they are buying if "free" of debt, so we are either getting 8b to the net debt position or 6b (based on 2b loan estimate)
It started well King5hott , you 🔔 End
Well, good luck Beo. I hope your assessment proves to be correct.
For me there is more upside potential here than other shares I am looking at or invested in. Reward (upside on 70p) > Risk (the SP retrace's futher). So yes I'm invested here for a bit longer
According to various media reports, Swisscom, the largest telecoms provider in Switzerland, is in advanced exclusive negotiations with Vodafone Group, the British telecoms giant, to acquire 100% of Vodafone Italia, the third largest mobile operator in Italy, for 8 billion euros in cash. 12345
Swisscom plans to merge Vodafone Italia with its own Italian subsidiary, Fastweb, a leading broadband provider, to create a strong converged challenger in the Italian telecoms market, which is the fourth largest in Europe. 123
The takeover, if agreed, would be beneficial for both Swisscom and Vodafone for several reasons:
For Swisscom, the takeover would increase its scale, revenue, and profitability in Italy, where it has been operating since 2007 through Fastweb. The combined entity would have more than 30 million mobile customers and 4 million broadband customers, making it the second largest telecoms provider in Italy behind TIM. 123
For Vodafone, the takeover would allow it to exit a highly competitive and low-margin market, where it has been struggling to grow and facing regulatory pressures. The deal would also generate a significant amount of cash, which Vodafone could use to reduce its debt, invest in other markets, or return to shareholders. 245
For both Swisscom and Vodafone, the takeover would create substantial synergies and cost savings, estimated at around 1.5 billion euros per year, by combining their mobile and fixed infrastructures, competencies, and capabilities. The deal would also enhance their innovation and customer service, as well as their position in the business segment. 123
However, the takeover is not yet certain, as it is subject to final agreement, due diligence, regulatory approvals, and other conditions. There is also a possibility that other parties, such as Iliad, the French telecoms group that operates in Italy as a low-cost mobile provider, could make a counter-offer or challenge the deal.
Do you think it will go up Beo?
Yes, if you hold no belief the share price will go up, then to hold them is just sunk cost fallacy and would be better to sell up make your money elsewhere and come back in here when you think it will go up (or don't)
Hahaha once again your completely wrong lawerence you clown
Yes Garonne, you are so unhappy here with vod, this is your opportunity to sell up. This opportunity might not last, so please hit the sell button 🙏
But how do we get new leadership Trello? Margherita seems determined to stay and keep picking up her handsome remuneration package. I wish I hadn't touched this dog with a barge pole but unfortunately did and am now deeply underwater. After all the rumours about a possible takeover, we end up with the fire sale Swisscom deal, which we knew about anyway and it's barely moved the dial. Maybe selling up and taking the hit is the best strategy, however unpalatable!