The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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There are lots of cheap shares atm, Vodafone being one of them. My biggest concern with investing atm is the Ukraine situation - if Russia was to declare the invasion over and begin to pull out, global stocks would rally. The Ukraine situation is having a massive effect on the markets. Unfortunately I can't see it being over for a long time, indeed it may yet get a hell of a lot worse with the risk of direct military conflict between Russia and NATO a distinct possibility, even the risk of nuclear conflict can't be ruled out. We can blame inflation, covid, the economy, debt etc for the miserable share price action here and elsewhere - all of which may indeed have some bearing on the share price, but until the Ukraine crisis has blown over, I think global markets will continue to be jittery and shares depressed. Some might argue it's a good time to buy, and maybe it is, but the world is probably more dangerous right now than even at the height of the cuban missile crisis - we're in unpredictable and dangerous times and the markets don't like uncertainty. I do think a lot of Investors are simply opting to stay out of stocks due to all the risks and uncertainties. Even with prices seemingly on the floor, investors aren't tempted. If the war ever does come to a peaceful end, that'll be the time to go big on stocks. Right now, that just seems a million miles away though.
" I see sterling is up against the dollar and euro this morning."
well yes... when your interest rates are substantially higher than the Euroland and the US ..it isn't surprising ....the debt investors are buying sterling to purchase higher yielding UK debt .... Govt cant sell their debt at lower yields ...the debt buyers might be happy but UK mortgage and debt holders wont be !!
Add almost another 7% to my holding.
I see sterling is up against the dollar and euro this morning.
"Try looking at company debt, you then have your answer"
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Have you looked into Swisscom? Did you know the biggest holder is the Swiss state? In fact a majority shareholder with 51% of shares. Another 21% by institutions. So 2/3 of the floated shares locked up. Solid shareholders as in not the kind who will dump just because they are emotional. Have a look: https://www.swisscom.ch/en/about/investors/shares.html
UK is suffering from a staggering weak investment culture, which is now biting us in the tail.
Vod has a solid balance sheet so its not underperforming its peers. So its something else at play.
Weeeeee down it goes. Dividend will be suspended or cut by two thirds in the next couple of weeks, bondholders will demand it. Sub .50p. Still 40pc return to be made on a short, puts are expensive now tho so the market knows this is fkd. In fact you could short pretty much anything on the ftse, U.K. going into multi year recession and sterling falling hard again, will go to parity with usd. Weak sterling sucking in inflation as U.K. imports over 70pc of everything it uses. Thank the tories and Farage’ brexit insanity, ten years of terrible leadership coming home to roost. Come back Tony Blair.
Try looking at company debt, you then have your answer
Scary to think we aren't at the bottom either. Really looks like we could be 60's ex Div
What has leaked this is a shocker
Pokerchips - Putin is not going to cut the cables. That's absolute nonsensical tabloid conspiracy.
Good grief. My top up at 82 preally worked then! Soon to break the 10% yield barrier.
Get in now, by Tuesday the US will have sorted it’s sh*t out and we’ll be going north imo
Two knife catching top ups today
Will there be a third
This is trading at a big discount. Something will happen here in the near term imo
Vod net debt/EBIDTA is now lower than its main competition. Same goes with their massive cash position, significantly higher than any of its peers.
Just look at the trading volumes today. One would have thought we are breaking through the floor on large volumes. Tree shaking me thinks. A large buyer is lurking in the background. You sink it so you wont ruin your avg price when you buy larger chunks. Same applies when they are offloading. They pump before they dump.
Would not be surprised if we finish on the + today.
Or suspend div and just to buyback or reduce debt
Debt still seems to high what u think? they need to suspend dividend for 3 years like BT
Captain_Value
I understand that it is VOD shareholders that are asking Putin to cut all the under sea cables ...that way they can invest in carrier pigeons and messenger boys ....and forget the whole internet nightmare ever existed :-)
Was checking Swisscom last night and noticed the massive premium they are trading at. A fraction of Vod's balance sheet and cashflow, yet a market cap of ca 29bn EURO.
A clearly broken market and sadly weak holders of UK stocks as always.
"Is there really a possibility of Vod going bust?"
Probably as much chance as an asteroid hitting the planet in the next 5 years, miniscule to no chance.
If an asteroid DID it the planet it would at least put an end to the misery of VOD shareholders!
This decline is beating all expectations
She’s got to go surely just like Liz Truss
Scary to think that she is worse than nick
Well this divi is safe regardless so we haven't got to worry about that , but the SP will go down another 4p ish when it goes ex divi.
Let's worry about the next divi in 6 months time when things could have changed a lot.