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Interactive Investor at least believe the true value is double.
The asset base offers intrigue, however. Despite €68.5 billion net debt, end-September net assets were €57.7 billion, or £49.2 billion, which implies 180p per share – hence 90p in the market representing a 50% discount.
Looks more and more like many / all posters are acting like shorters all trying to push the SP down more to buy back in cheaper. So just where will the SP finish in the next few days 60p- 75p.
I would never for one moment think I could run a FTSE company but have worked for one, sold a business to one and seen it close up. Thanks for the ****y reply and I think I'll leave it there to allow you to carry on your daily work...
I see this board is now attracting punters from betting shops lol
Peak pessimism when outlandish predictions are made based on fluff and wishful thinking. Similar to those who called this time last year, bitcoin hitting 100k before the end of 2022.
I agree, 60s show support.
80s are shortly finished... Shame to see such a once great business...
Think 80p zone looks strong support ... why 60p lol. Its obvious that atm its being pushed towards 80p. Will it go lower? Maybe... gla
I'm looking at mid 60s to get in. Support at around those levels, from 1995 might I add! Complete shareholder value destruction.
divident suspension for multiple years its guaranteed. yield is now 9 %. Sp drop accelerating
Is everyone really going to give up on their phone contract? Only if there is mass unemployment. Guidance has softened but everything else is in place. €20Bn project spring money was spent on bullet proofing a digital model. MDV is executing against that.
Coming. Hopefully something apart from buyback.
amercian companies are loaded with debt they wont have any capacity to buy. Maybe only a consortium of funds.
"Where does this level out or is it now just the beginning of a very painful decline until the company is taken over but who would want to take on 45b debt with no way if paying it back"
Actually, there can be tax advantages to taking over companies carrying debt.
"the use of debt is less expensive than the use of equity because debt is generally subsidized by the state through the tax system –since debtors can deduct the interest payment associated with the use of debt. "
A large entity with lots of cashflow, taking over a company with debt, wouldn't have an issue taking on the debt, and Vodafone's assets are well in excess of the debt anyway. The debt wouldn't prevent a takeover of Vodafone from a big enough player, the deciding factor would the BOD's willingness to go along with the takeover. I keep going back to the takeover of C&WW, by Vodafone, as it's a masterclass in how a BOD falls over itself to help an acquiring company during a takeover. Anyone interested should study the intricacies of the deal, especially since it happened in the same sector.
Pfen, totally agree with all of that, sad but true in most cases
Years of incompetence is now taking hold.
The boardcant sit back and wonder why. They are to blame.
All they have been successful in is raising debt and diminishing shareholder value. And of course rewarding failure.
There is no one person to blame although the CEO had to go, I am sure the board set the direction so if they have integrity they would do the right thing but as with politics this dosent happen. Where does this level out or is it now just the beginning of a very painful decline until the company is taken over but who would want to take on 45b debt with no way if paying it back.
I bought in 4 times hoping hoping for a levels g out but now 20% down and its as mentioned its either get out with a huge loss, hold and hope for best or hold and lose it if they fail. What a fking mess
"Decisions Decisions ! Could this be abit of a rolls royce play crashes badly for awhile then starts to make a slow but strong recovery. "
The only reason for abandoning ship is if you think Vodafone are going to continue dropping with no floor to the price. It seems the market has decided to see how low they can push the price down, possibly to chum the water and looking for predatory movement.
If you think the share price is cheap now imagine what a cut in divi would do to it!! I don’t think we can afford a divi cut on that basis as many pension funds rely on the income it brings in.
Decisions Decisions ! Could this be abit of a rolls royce play crashes badly for awhile then starts to make a slow but strong recovery. Rolls were 64p not so long ago and are now approaching the mid 90s. Maybe watch fir a while longer
Being an illiterate vegetarian is nothing to be ashamed of? So you get 1/2 out of 10 so far.
Good night G.S. Just make sure you keep both hands on the pages though. Happy dreams.
"Same as a ham role i spose. Although I'm vegetarian."
That explains a lot.
"Gary. Come on mate, we all ant to know. Where did you get this, "The dividend is now under review" From?"
He hasn't read anything official stating that, it was mentioned in at least one article that the new CEO should look into the dividend, Gary is just putting his own spin on it.
In all honesty, it wouldn't surprise me if a new CEO does drop the dividend, but it isn't currently being telegraphed. I still think a Vodafone/Verizon merger will be announced in the New Year lol.
Same as a ham role i spose. Although I'm vegetarian.
G.S. Do you mean a role in a play that's cheesy, or a misspelt roll with cheese in it? Get a grip mate?!
Anyways, I'm off to bed to read my book in a minute. Just gotta fill the bed warming pan with hot coals. See y'all tomorrow morning at 6am.
There's a limit to how far Vodafone will fall, since Vodafone will start buying back more stock if it drops too low. Vodafone can't be too far from the bottom now, I'm surprised it's dropped as low as it has, I think it'll find its way above £1 again, in the not too distant future.