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at 96p
NR has gone from having 3.5m shares in Feb 20 to over 13m today with virtually no dipping his hand in his pocket.
I presume picked up c10m shares as part of his package over last 2 years.
Bonkers that the board and jnvestors have sat and watched this while destruction of the SP
aviva were never 7.23 in 2018 best they were 5.09 google graphs are a joke
in 2008 they were above 7
I sold my entire holding 7 months ago here at 126p because of the debt - the market hates it and it has further to fall imo - broker downgrades will surely follow in due course just before it goes ex divi which will push it down even further - at that point I will take another look -
gla dyor etc
"What a load of rubbish! If that is the case how come some other stocks are rising like Aviva, Imperial Brands etc?"
Karak, are you talking about the same Aviva that was £7.23 in 2018?
https://www.google.com/finance/quote/AV:LON?sa=X&ved=2ahUKEwi35vnexLD7AhWRaMAKHZ5ABOMQ_AUoAXoECAIQAw&window=5Y
Or Imperial Brands down 33% over 5 years?
https://www.google.com/finance/quote/IMB:LON?window=5Y
I wasn't talking about today, or this year, this goes back further.
Darkknightmy. Yet another one on here who can't be bothered to read up about the M.C.B. buy back program before posting on here. Surely not Rocket science?
moniman. Why do you insist on confusing market cap with enterprise value? Vodafone is worth (enterprise value) over 1.5 times it's debt. It is bad enough as it is, without you confusing matters even more.
It would appear that the BOD don't actually care about the Debt pile so long as they're getting paid? Unfortunately that sounds like the UK governments as well....It's not a great place to be with a debt pile nearly at twice the valuation of the company, and what a huge pile it is!
The debt is killing this company, stop paying the dividends and share buy backs and pay thr debt down. Surely not rocket science
Robina you must have read my mind as I was thinking the same thing comparing Vod's debt pile to the UK financial situation with the £2 trillion debt....Basically the previous BODs and UK Governments have run their debts all the way to the ceiling, this unfortunately hamstrings any successors room to manouver. Unlike the UK Hoverment than can raise additional taxes to pay down debt, VOD on not is the same position to do so, hence the €45 billion, debt is going to be a giant anchor dragging on the company for eternity it would appear? Aimho ADYOR. GLALTH's
Like Adidas saw last week.
N. Read your time is up.
95.69 for me this Friday, apologies for late entry.
Even if Reed was sacked it is difficult to see what could be done now to change the company into a growing profit making entity. It's like a sub-model of the UK economy with its £2+ trillion debt, increasing benefit support demands and already maxed-out scope for tax income. The market doesn't like either.
agreed
Okay €45 billion, that's going to be a permanent anchor around the neck of the BOD...not sure what terms the debt is on but that's one he'll of a mortgage on the company, especially in today economic environment? I'll pass on this one I think...the dividend just isn't big enough to justify the ongoing debt risk imho. Good luck to those holding.
High inflation is the best way to erode the true value of debt hence why the debt pile is not seen as a problem.
As they say buy when there is blood on the streets as with VOD today. Profits up and paying a 7% divi……..who ever thought you would pick this up below £1.
The divi hunters will be piling back in tomorrow.
Good luck one and all. .
Moniman, there lies the question & its a debt in euros not pounds so a little less than 45 billion quid.
IMO treat Vodafone simply as a dividend paying utility company because that's what it really is. There won't be too much growth in the share price whilst the debt is there & there is a very good chance the SP will decline from here especially if the dividend is cut which is becoming more likely every day.
Just a naive question as someone who's looked at this stock for a long time for its potential dividend yield. How on earth is Vod going to pay down a debt of £45 billion, that is almost double the valuation of the company...Competition is getting greater, personal finances are being squeezed and costs are rising? Unfortunately the dividend has also been diminishing, so how is the company going to grow itsway out of its massive debt headache?
If that’s the case Robina - I will buy in chunks every sub -10% until it exceeds £1 mark and beyond - and hold on - until recovery whether that be 3 years time or 10+ years time. Only way this fails is as Fleccy says it stops divis and start selling assets and reducing debt etc. As many firms are in the cost cutting exercise and saving mode to try combat all this inflation/high interest and economical factors - and Imho this is a great opportunity to sow seeds whether for yourself or for future generation to reap the reward for when recovery and fruition happens - which may look hard to see with all the ‘noise’ that’s around but what goes down must come up and all that jazz….but obviously all down to each other’s perspective and risk management of course. GLA & ATB :)
H1 reports 'Basic earnings per share was 3.52 eurocents, compared to basic earnings per share of 3.40 eurocents in the prior year.'
9x earnings is cheap. No one can deny that.
Under Vittorio this was trading at 25x earnings and yes was overpriced for years. No longer.
Pokerchips, they are also expanding in other markets which are just developing. Vantage is a logical next ' economic' step in a regulated market. Consolidation in that market is also the next logical step. Tele ons has always operated like this hand in hand with the regulators and trade organisations
Pay of FTSE 100 chief executives rose an average of 23% in 2022