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Genuine question with the share price obviously in a downward move again .With Ex Div next week are people holding or selling before and buying back in bearing in mind the last few ex div dates we have dropped way more than the div value .
If you’re in it for steady income then fluctuations in the SP aren’t that important in the short term.
Its FTSE fever at the moment... Nothing to do with VOD...
When the market stabilises, we might see a rally before ex Div Date. Only time can tell!
In my opinion, I foresee anywhere between 137p to 142p. If we break 142p, then 150p is not far ;)
Mikey. That is a very good question, & I wish I had the answer, I think many buy for the divi & sell after, which I think is foolish. As for selling now, & buying back cheaper after the divi, who knows. I have just bought a load more shares, after thinking about waiting until after ex divi, but decided not to wait. Today is not looking good for that decision though. My investment is med/long term though. Let's hope for a rise later in the yankie hour Eh?! Good luck to all Amigo's, sorry to our new poster who seems to have a problem with friendly flippant chat on here! " Keep it serious boys"!!
Hello moniman. Can I assume you are a long term holder of vod then, if you don't mind me asking?
Hi Dan, I’ve just bought back in about £150k’s worth ave 129 ish after being out for a couple of years. I think the new management are slowly getting their house in order after the last Italian clown was marched out of town. Although divis being given a big hair cut Vod is still pulling in plenty of cash to cover the debt mountain. I can’t see interest rates going up much for many years so debt isn’t really an issue in the medium term in my opinion. Better getting a reasonable divi at this level than zero risk zero return in the bank I would have thought?
Welcome back moniman. Thank's for your honest telling me of your large'ish 129 buy. I value your opinion, because you annoyed me with your very neg opinion of vod in the Days of Last Call, If you remember him? At the the time we disagreed,(big time) but you were right, so I always like to learn from those who prove me wrong. So I am hoping your now positive stance might now prove me right in the long run? No pressure there then? Can we get back to the £2 ish price of the vod glory days?
Lol…..sometimes it pays to sit on the sidelines until the smoke clears.
So Mikey, Genuine question from me, What do you think,? Why do you think if it falls to 1.27 it will fall to 1.20 ex divi? 1.27 minus the divi = 1.23 or more. A sensible answer would be nice, Why don't you ever answer anybody's posts. If you did, it would help!
Dan, your wasting your time there mate, your right Mikey doesn't reply, complete sea of red for me today, but chin-up , a lot will use this for buying at a discount, hopefully things will improve next week
have a good weekend everyone
I do answer - i have already said the last few ex div dates it has continued falling - i know it should just fall the div but we all know that isnt the case here and if it goes by previous div dates it will fall by 6/7p
Ok that's a fair comment mikey, thanks for your reply, anything can happen at the moment of course, but good luck
Dan you could get back to the £2 glory days if an awful lot of ducks line up in a row.
With VOD mainly seen as a div play by both retail and institutions, then it needs to get post tax earnings up to around €6bn to give a 6% div with 1.5X cover at a £2 SP. That will be a long road I think for VOD.
A succession of positive half year reports showing strong organic revenue growth in all markets, not just Germany with others declining, will be a start. The market would need to build confidence the earning trend is upwards over a few earnings periods to start rerating up.
Meanwhile, the inflation/rising rates risk could make the 6% div less attractive, pushing up the yield demanded to hold VOD shares, which would put downward pressure on the SP.
The question holders need to be asking is how can it get EBIT to €10bn. Can it get EBIT to €10bn? An EBIT of €10bn would approx give it €6bn post normal tax and the interest on that debt. I say normal tax, as VOD's tax rate is out of line with stated earnings. That would need deeper analysis.
The market can rate companies on other metrics, like FCF or enterprise value or just sentiment, but I do think the div yield is what VOD is all about, and the safety of that yield comes down to good old fashioned earnings after tax.
Thanks Mikey, always nice to get an answer, lets just hope the sp doesn't fall more than the divi this time for a change. I think the closing price on here is wrong. 1.27.68 I think it was.
Only have small holding here 2500 but will top Monday if see another good drop in price.Can see roaming charging revenue eventually recover the years more interested in the Africa growth with the M-Pesa Mobile tie up.
Dan, I feel comfortable buying in at these levels especilly when you look back a few weeks ago to the sharecast news "Vodafone revealed on Tuesday that chairman Jean-François van Boxmeer had acquired 305,000 ordinary shares in the FTSE 100-listed telco. Van Boxmeer, who was named as chairman in May 2020, purchased the shares at an average price of 135.0p each, for a total value of £411,750.01." I'll take that as a good vote of confidence from the Chairmain spending his own cash in a sizeable amount. I'm not expecting miracles from Vod but there does to to be a good chance of making a few quid from these levels over the coming months?
The market momentum is bit slow, but when it gets the GOOD MOMENTUM we will be easily back ABOVE 140p.
In m opinion, Final ex-div date getting closer (24-Jun), anytime this can start exploding and FLYING towards 140p. Time will tell.