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isnt 90p because Credit Suisse is a distressed seller?
The ship is sinking and they're moving the deckchairs around at the Vodafone palace while Rome burns. Could it go to zero? Gawd only knows
Gary, you list liabilities as if it's all financial debt, while ignoring the fact Vodafone Revenue is on target for over €45 Billion in the current Financial Year, with H1 revenue coming in at €22.930 Billion. Liabilities include operating expenses which are covered by revenue. If you're going to paint a picture, don't show it in the dark.
Let's see if 90p goes it seems to be holding at for now. Maybe we are at the bottom time will tell.
So you say ( why the market thinks this is worth less than 90p a go. So as you’ve probably guessed I tend to agree with Narcus.) why do 2 brokers Still have targets of £1.10 & £2.15. So they don't all agree it's worth less than 90p do they.
So a difference of opinion between Mesh & Narcus. What is blindingly obvious to me is that there is turmoil at board level & it needs sorting … fast.
My guess is that there are concerns over the declining revenue income which as we all know is desperately needed to keep servicing the massive debt pile. If it ain’t coming in it can’t pay what’s needed. The German issue is a real concern after paying so much for exposure over there & what is in no doubt is that this is / was a major f’up. Figures wise for debt are Vodafone has liabilities of €33.6b due within 12 months, and liabilities of €63.3b due beyond 12 months. Offsetting this, it had €14.7b in cash and €8.63b in receivables that were due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by €73.6b. These figures are from earlier in the year, as we all know the latest figures were worse.
However, this deficit casts a shadow over the €40.4b company, like a colossus towering over mere mortals. So potential investors here my advice before parting with your hard earned is to watch the balance sheet closely, without a doubt. For those who continue to big this company up just ask yourself why the market thinks this is worth less than 90p a go. So as you’ve probably guessed I tend to agree with Narcus.
lot of ridiculous comments on here, the fact is Vod is in dire straits, it is so bad they ousted the CEO, there is no imminent bid , just another 6 months of horrendous joyless share price unless someone can turn the business around, that is going to take a long time even it is possible.
I am sorry to inform the conspiracy theorists that there is nothing untoward as to why they got rid of Read. He wad on 4.3 million, Nick, you can stay on your money as a consultant for years if yo uagree to the bid, No says Nick I will go alone Absolute poppy****. There is no bid , just a badly run business
Sp is shockingly undervalued. The Uk arm alone would be worth somewhere between 15-20bln
Yes maybe Read was against any merger, so the Board ousted him now so they can move forward with it.
I agree something has brought this to the top of an agenda, and we could see the SP recover back to £1.10+ within days.
According to the Daily Mail (This is Money), it was an emergency board meeting.
"Read was removed after an emergency board meeting on Sunday. It falls for the moment to Margherita Della Valle, the finance director, to sort out the mess."
https://www.thisismoney.co.uk/money/comment/article-11504461/ALEX-BRUMMER-Vodafone-looks-like-sitting-duck-overseas-buyers.html
Why did they need an emergency Sunday board meeting to discuss and push this through in short order? The speed of the decision-making process, the quick announcement, and the rapid timeline of Read stepping down, suggests an urgency to drive all this through before the New Year. This implies something may happen in January and suggests some event happened prior to the "emergency" board meeting being called. It's anyone's guess why things are unfolding so quickly, and currently in the absence of a profit warning one possibility is a merger. You'd think an imminent profit warning would have seen it announced and used it as an excuse to oust Read, but currently there's no hint of that.
Lol
Looks like his intent all along was to get in with minimum capital to influence asset fire sale to snap them up through other vehicles:
https://news.bloomberglaw.com/mergers-and-acquisitions/xavier-niel-offers-vodafone-help-to-break-up-telecom-giant?utm_source=rss&utm_medium=MRNW&utm_campaign=00000184-e33b-d236-ab9c-e77fef5f0000
Also, this joker should not be the one advising others on debt reduction:
https://iliad-strapi.s3.fr-par.scw.cloud/iliad_Group_Q32022_Quarterly_Report_5e89250d86.pdf
Kryten1. You say "It seems to encourage trading a share though, rather than holding long term" Why do you say that? If you buy back before the ex divi date, you gain nothing, as the sp will fall by the same amount as the divi, on ex divi date. Divi chasers are gaining nothing.
Hi rob. So at last we agree. You don't give a hoot who is in charge, as long as they can get the share price rising. Of course that is what I want. Whoever takes over, perhaps we should just let she, or he get on with it, instead of a load of armchair expert, whinging nonsense? Cheers mate.
"First RNS as CEO, A share buyback, Priceless" Djones. What planet are you on? Do you still not understand how the share buy back scheme works? You are Priceless. Please give us a break?
'If you believe in the Multiverse theory'
Fleccy, I believe in the multiple sclerosis of strategy theory. I remember richard lapthorne lifted the SP of CW when he was appointed on the strength of his role at BAE. A big name player could make a big difference to the SP here even before we see a new radical strategy.
"Not really, if you believe in the Multiverse theory Verizon and Vodafone will merge somewhere, even if it isn't in this Universe"
That said it could also happen in this Universe. If you look at the pattern of events; The election of Vittorio Colao to the Verizon Board of Directors at the beginning of November, then Vodafone announcing Reads departure at the end of this year with no clear replacement as CEO and it's easy to draw conclusions, time will tell.
Dan, I'm sure you know i was just pulling your leg mate, personally i don't give a hoot who's in charge as long as they can get this share price rising, maybe some new blood at the top can come up with some new ideas to get this moving in the right direction, only time will tell now, not expecting anything to happen overnight, let's hope 2023 will be a lot more prosperous
best of luck we need it
He's a puppet master.
It's a puppet.
First RNS as CEO, A share buyback. Priceless.
"Slash the dividend and have rights issue to pay down the debt...? That's my bet"
A rights issue when the price is rock bottom, dream on, no CEO would do that unless they're in the same dire straits as Credit Suisse. The dividend going, possible, rights issue highly unlikely.
Slash the dividend and have rights issue to pay down the debt...? That's my bet..
"Seeing a lot of wishful thinking."
Not really, if you believe in the Multiverse theory Verizon and Vodafone will merge somewhere, even if it isn't in this Universe.
I would tend to agree with you here. I would say her no1 skill would be the procurement of expensive designer handbags !