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....will come when they announce a cut in the dividend. The City will give them credit for realising the seriousness of the situation and the stock will bottom. Until then it’s a falling knife.
Pacino, like you and many others, I too was caught by DLG going from a relatively safe dividend supported by the BOD to a zero dividend within a matter of weeks.
At least VOD, everyone is aware that the dividend is on shaky ground and might be cut (though probably not cancelled) in order to cut borrowings. IMO, the risk of a cut here is partially priced in.
On balance, at 80p I believe the upside for VOD is greater than the downside, but I have been wrong (several times) before.
Pacino, don't under estimate what can happen to the share price if the dividend is cut, you know what effect it had on dlg, and this is thought of as a utility stock, hopefully it won't happen
Nothing is certain in the stock market. The dividend could still be cut next year despite the CEO's assurances and yes this could easily hit the 1993 float price of c.60p but just as equally it could suddenly bounce 50-100% from there - which is how the corrupt big banks and city boys make their money of course!
We all need to find ourselves an Nvidia....
Final dividend FY23 ex-dividend date 8 June 2023
Final dividend FY23 record date 9 June 2023
Final dividend FY23 payment date 4 August 2023
Final dividend (eurocents per ordinary share) 4.50
Date FX rate determined 28 July 2023
When does Vod go ex dv chaps. Thanks in advance
Interesting. If the dividend isn’t at risk this is superb price in my opinion. I got burned with DLG cancelling the dividend a couple of months after committing to it though. Do you think the current price reflects a belief that the dividend will be cut? DYOR.
From Proactive Investors
In a note after meeting with Della Valle UBS said: -
1. UK consolidation (with Three often reported as the partner) and disposals in Spain and Italy are likely, UBS suggests. with post any restructuring a free cash flow yield of 9% one of the company's appeals.
2. That’s enough for UBS to stick with a buy rating, plus it also sees the self-help efforts boosting profits by 40% to around €4.6bn in 2028 from €3.1bn in the year just ended.
3. Annual dividends will be unchanged at 9c over the period while debt will edge down from €33.3bn currently to €30bn.
Unchanged dividend if correct would equate to a 10% yield at the current ridiculous SP.
That should be fine for you, fine for me and my derivatives of course but it's only cheap for a reason.
Some of you will be feeling real pane but if you follow Danny boy he will be feeling chipper that it's one penny higher than its worst
Negotiation and development of the future safe in the hands of Vodafone management system and notify of any further falls.
Gla dyor
A lot of stocks haven’t been in terminal decline like Vod
I’m hopeful for a turn but that’s it hopeful. I fear the SP will fall into the 60s after ex div date.
I'm curious, after 3 years of me droning on here about debt and divs, do long term believers still think paying out divs and doing buybacks is a good strategy for the cash is does generate?
This seems to still be the strategy. How long does it fail for before it changes? 10 year total return including dividends is -11%.
I think you can just flip a coin on which direction this is going at the moment, with inflation still out of control looks like another year of disappointment for the stock market in general
I posted here before the market opened after the latest RNS. Most on here thought it was positive and the price would rise - which it did for an hour or so. I suggested it would drop into he 70's.. Until they really start to get a handle on looking after their customers properly and invest in treating them with respect rather than purely focussing on just trying to upsell this will continue to drift. There are massive structural problems and far too much debt in an expensive to service it environment. This will turn, I will start to invest but not until the next inevitable market sell off (imminent) which I suspect will push this towards 70p. Time will tell..!
Thanks also, please note it was just a guestimate. I currently could not see a reason for the sp to rise just yet. The way everything is causing sp to go down at the moment I don't think we have seen the floor yet so when guesses are required for next week I will be looking for about 75p to 70p
It’s generated revenue of €45b macap €22b+ debts €30b EV €52b; EPS €.11 with 8% dividend; as WB said its transfer of wealth from impatient to patient investors !
Those buying now will be the gainers
Dyor
Wisebear that does not seem like a very fair or regulated market to me? Stock market is all rogue as **** isn't it.
Is Vodafone going bust?
Yes and no
The business imho will be merged with another provider as times goes by this event will eventually happened just like stars get born and dies slowly time is constant vodafone is not end rip
Big players pay other entities to buy stock at a agreed overall price. Then they buy the bulk from that entity when amount of shares achieved. This way they don’t need to notify every % increase to the market otherwise market will increase the sp.
I believe this is what’s happened. Just don’t know at what price they agreed. Hope it’s not much lower than it is
Scary how much the market has rejected the update. But… I bought more again today at 78.7p. Seems cheap to me. The market’s going to do what the market’s going to do.
Obviously a bad move if the company is in real trouble, but I don’t think so. And I’ll take my chances this close to ex div.
I would like to see much more dynamic leadership than this though.
GLA DYOR
E& are of course buying.
Who remembers BT sticking around 100/110 while Drahi was loading up another 7%. BT was held back to facilitate his buying price. BT was unleashed once he completed the buys
Is Vodafone going to bust? The market has sold this off like they believe it is which is frankly nonsense.
Vodafone only floated in 1994 at around 60p. Are the so called experts saying the company 30 years later is worth the same as it was back then?
Did Etisalat not say they would be increasing their stake to 25%? What are they waiting for...
Just had a conference and the word is go long GSK and short Vodafone.
Although i got no idea how to go short obviously.
"Porsche1964 must be a very wealthy and successful trader as he knows everything and always seems to be the right side of a trade."
He makes stuff up and spouts nonsense most of the time. He comes across as a bit mental when he blabs on about Brexit, which is just old news, he must be really sad.
I will definitely pay him 25% of my profits if he can guide us sheeps
Porsche1964 must be a very wealthy and successful trader as he knows everything and always seems to be the right side of a trade. I wonder why he spends so much time here! Why don’t we just pay him 10% of profits for his info?