If you have any questions for next week's webinar guest speakers (Clifford Gross Ph.D, CEO, Tekcapital, Mark Selby, Chair & CEO, Canada Nickel, Robin Brundle, Chairman, Technology Minerals and Werner Klingenberg, CEO, Goldplat) please submit here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
'Do you mean the CWW network?' I guess it must be in that consolidation. I dont see regulation as a block to a deal, its a moat/ barrier to new entrants, and I guess why Vod is pushing for fewer market participants and the Italy deal in particular.
"I wonder if bt's universal service obligation might apply to Vod UK and the old MCL network (not sure where that is now.."
Do you mean the CWW network? As far as the previous Mercury/C&W/CWW UK Network, my guess would be that it could raise issues around national security, but you could say that about any of the businesses making up Vodafone Group within their respective markets; It would probably depend on who was bidding to take them over. It will raise a lot of competition and national security scrutiny, everywhere they operate, but it wouldn't necessarily block a deal, imo.
""Hello fleccy. Have you topped up lately,or are you waiting for a lower price? Who do you think might make a takeover bid for vod? I thought it was considered very unlikely?"
I topped up £10,000 on Vodafone when the price was around 109.3p, a while back. At the time i was planning a further £10,000, but I didn't want to reduce my savings below a certain limit, so I regretably held off on buying the full £20,000 at around 109p. If Vodafone stays low, I want to buy another £10,000 before April, but I'm not quite there yet, and it will depend on what happens over the bext couple of weeks. As far as a Vodafone takeover, whoever goes after them would need very deep pockets, and a plan on recovering their cash over time. As some of the articles have mentioned, a consortium of Hedge/Investment/Venture funds, or a big US Telecom player backed by the investment banks, may be possibilities.
'Vodafone doesn't tick that box in any of its markets.' Get your point. Vod is more like EE (121,TMob,Orange). I wonder if bt's universal service obligation might apply to Vod UK and the old MCL network (not sure where that is now..)
"Re takeover, I suspect anything Europe service based would get regulatory scrutiny for compliance/ non compliance with EU Articles/ BEREC etc."
I would depend on who was doing the taking over, for example Deutsche Telecom wouldn't stand a chance due to the size of Vodafone's German business; A venture capital takeover wouldn be an issue under competition law, or national security concerns as long as they aren't tied to China, or Russia. The problem with BT is its monopolistic position in the UK, Vodafone doesn't tick that box in any of its markets.
Fleccy, I think you are probably right about offbook/ onbook. Also mbc included in that mix!
Re takeover, I suspect anything Europe service based would get regulatory scrutiny for compliance/ non compliance with EU Articles/ BEREC etc. Whilst Africa is less regulated or unregulated. In either event, all subscribe to, or are renegotiating, WTO and GATT rules where each sovereign state has its own 'economic mix' and agenda.
Will be an interesting year. For example, will the EU allocate any of the €750Bn recovery fund in 2022 to an entity that is being sold? An acquiring company would be picking up a regulatory obligation! VOD management strategy is to get an allocation of the Fund this year to deliver on the 'social contract'/ welfare benefits/ rural access etc
Not so long ago, the rhetroic suggested Telecoms are untouchable, with any investment in infrastructure only good for standing still. The likes of Vodafone and BT have seen their share prices plummet amongst a slew of articles talking them down, with various commentators focusing on any negative they could conjour out of any event. Covid somehow dropped the price of Telecom stocks, even though they were amongst the most resilient earners during the pandemic. Vodafone has underperformed against IAG and Ryanair, over the past year, even though Airline finances have been decimated by the pandemic. I always took the view that Telecom stocks were either misunderstood, or deliberately trashed to force them into the gutter, so they could be picked up later when the time is right. Anyone who believes that the markets are fair, or that big company stock prices can't be manipulated, are miguided in my opinion; Off Book trades usually set their prices by the On Book Exchange price, so I don't see any reason why Algo's can't set the Exchange price, while really big trades are completed off book, or through derivatives, which allows big players to pick up large quantities of stock without affecting the On Book price, look at BT and Drahi for example. Now all of a sudden, Telecom stocks are seeing a change of narrative, and being eyed as takeover targets; As I said previously, never believed the market commentary directed at Telecom stocks, by vested interest media, so a takeover attempt for Vodafone wouldn't surprise me. Any takeover attempt of Vodafone, wouldn't see the same regulatory scrutiny as a company like BT, so I'd see a takeover attempt of VOD as a more likely event.