Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video 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:
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 Members are members that have a premium subscription with London South East. 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.
I am following E& and expecting the dividend to coninue to return to investors, maybe even increase a little bit.
MDV says,
'Consistent with its previous statements, Vodafone is supportive of in-market consolidation in countries where it is not achieving appropriate returns on invested capital'
Italy and Spain tick those boxes.
Like the rest of the market, I am expecting national economies and therefore telco usage and connectivity requirements to pick up and uk, germany, NL et al to drive service revenue growth and with the cost control and initiatives well underway, FCF to continue to underpin the div policy.
The danger is too much cash and rubbish investment. Sweat the portfolio for the next couple of years imo
Between now and 2028 they have €13 Billion in debt maturity, but the €2.76 Billion maturing next month should be well covered by the current working capital, leaving €10.24 Billion to be paid down or refinanced after January. At the end of this financial year I'm assuming VOD will have around €7 billion in cash, as well expecting at least €4.1 billion in cash and up to €900 million in preference shares for the Vodafone Spain sale. If they go for the Iliad deal it'll add a further €6.5 Billion cash, although I'm not sure what the €2 Billion shareholder loan is about and I believe Iliad will have an option to buy an additional 10 per cent of the venture’s shares every year, giving Iliad a path to take full control of the JV.
The VOD/Three merger will likely require an amount of cash for investment and buying out Three from the JV down the road, which is what I think the plan is. I'd speculate that VOD will let Italy go over time and shift investment into the UK, maybe also picking up distressed Altnets as they become available. I only looked at the debt maturity between now and 2028, but there's more debt maturity due in subsequent years.
https://docs.google.com/spreadsheets/d/e/2PACX-1vSNxkKmgR2PzSL1NH5uvhJAIl6TyUm-PpH2hChEFWELeB8mLB-V562E7qRdDL0lOSa8NyAUBbokBjVp/pubchart?oid=17624073&format=interactive
https://docs.google.com/spreadsheets/d/e/2PACX-1vSNxkKmgR2PzSL1NH5uvhJAIl6TyUm-PpH2hChEFWELeB8mLB-V562E7qRdDL0lOSa8NyAUBbokBjVp/pubchart?oid=1681133451&format=interactive
I wont speculate on the dividend, I'll leave that to others, although there's probably a case for halving it.
" With €4Bn Spain cash and another €6Bn from Italy plus Cash in hand. FY div looks safe "
Are you suggesting the DIV comes as a return of assets, rather than as a result of earnings from performance ??
A return of asset sale cash is NOT a performance dividend gained from earnings and the market wont be as easily fooled by it
There’s too many speculators hoping the divi isn’t sustainable and telling everyone else to think likewise so that they can load up on the cheap.
This has to be one of the most undervalued stock of all time. Presently paying a 11% dividend surely it is time to jump aboard big time?
Is it back to 100p yet ?!!
With €4Bn Spain cash and another €6Bn from Italy plus Cash in hand. FY div looks safe. Near and medium term debt covered and some will roll over . If MDV has the underlying cash flow nailed, this must be the bottom, surely?
Share price should not go much below... hopefully stays at 66p and above for now as there may be sudden spike if someone agrees to buy Vodafone italy business outright!
BT is down too although not that much. Lets see how market turns out for vodafone.. From graph, I can see that buyers are getting in slowly.
Good luck!
Jax you are guessing like the rest of us, except you make predictions which are sometimes right and sometimes wrong. We are better off flipping a coin than listening to you.
Ok Avi you’re right
Look at the share price lol
I think it could fall back to around 65. I closed most of the worst of my positions yesterday at a profit (small) and hope to get the chance to buy them back if it does drop back a little. It seems VOD are attracting attention from other enterprises.
Jax, yesterday you predicted down on open and 2% down on the day. You quickly had to admit you were wrong. Lots of egg on your face.
Don't think anyone should be taking you seriously, as demonstrated yesterday.
Jax, so you're saying it's a fantastic opportunity to continue buying at historically low prices then?
Can you feel the downward pressure
Reminds me when the Three merger was announced
When straight down the next day to lower lows
We are probably heading back to 66p and below today.. Yesterday's rise seem to be short lived.
'PIs wont feed them in the timeframe left ,
Yep those algo rhythmic up and down things finnished for sure. Could this be another Rolls Royce?
Amazing really. All this money chasing ownership of the VOD estate and the SP at historic lows.
'the proposal is ready'
The strategy appraisal process is 24/7.
The fact it had to be shorted back down today is the writing on the wall imo. I am not expert but feels like a large number of shorts want to close before a significant deal confirming the integration watershed in EU/ UK. PIs wont feed them in the timeframe left so spikey spikey, come back mikey?
A happy Xmas after all?
It has been a good day. Still I find it puzzling that on December 15 “Iliad wants to finalize JV proposal for Vodafone Italy by end-January” and on December 18 the proposal is ready.
MaryBr. Says, "Wait for the C.E.O. to put out a statement which kills this off, it's what she normally does" So Mary what do you think she should say? Lie to us, or tell the truth? It seems to me whatever she says, some will just have a go at her. Stop being so cynical. Vodamoaners, get a life please. Have a good Christmas though Mary.
KthankS, for those words of wisdom. Anchors go back to lows, the way you think the vod sp will, WOW. Such insight, I am impressed!?
So every rise over 4%, sellers jump in.. 69.4 to 67.23 is a massive drop and rise is not yet convincing.
This share will have further to fall before any rise.
Let's see what broker say tomorrow.. .
Did you sell out completely then, as 'back in'?
Just curious as we have our gentlemans bet out to 2030.
This thing is an anchor, it's going back to lows.
Tax loss selling is a brutal thing.
well here go again, that didnt last. ******* share