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I’m waiting for 88p I’ve set a buy
Seems to be plenty of buys waiting at 89p, will we dip to pick them up?? Great long term hold..
"N Reid was not CEO but as CFO he called time on the Apple offer and said no. Consequently one of the most successful businesses in the world launched exclusively on O2 and Vod lost a shed load of Corporate business."
----
Hindsight is a gem isn't it? Whether this is true or not, what's funny is that Jobs would have taken a similar decision to that of Read had he been in his seat. Apple wasn't as big of a company then and no track record of designing and supplying phones.
Do you for a second believe Jobs would have allowed himself being bullied by a supplier in a reversed role?
Even with O2's decision, look where they are today compared to Vod.
"Dan, vod shares have halved in value since nick reed took over, ok i know it's all very complex, but your constant backing this guy is very strange"
Nick Read might shoulder some of the blame, but he can't be blamed for the market treatment of the sector in general. As I've mentioned in previous posts, there's a contradiction between the narrative the market is projecting on the sector, and the private equity Billions being invested directly in Fibre FTTP and mast infrastructure through partnerships and buyouts.
The whole sector valuations are low, and consistently talked down by various vested interest market and media commentators, but I take a different view and see Telecoms as an essential industry with huge potential.
Taking a revenue cut was a new and novel way for Apple to approach the Telecoms companies. But here this, If I said to you If I generate £100 of revenue to you on condition you give me £20 would you take it? That is more or less money for nothing right? You can take it or give it to a competitor, what would you do?
Nick said this was a red line and refused the deal.
Dan,
N Reid was not CEO but as CFO he called time on the Apple offer and said no. Consequently one of the most successful businesses in the world launched exclusively on O2 and Vod lost a shed load of Corporate business.
Dan, vod shares have halved in value since nick reed took over, ok i know it's all very complex, but your constant backing this guy is very strange, sorry mate but i just don't get it, if a company comes up with really good results, then everyone says what a well-managed company it is, but if it goes badly surely the guys at the top have to take some responsibility for it
Narcus.. Why should vodafone have given apple a slice anyway. Sorry, but you make no sense?
Hi Narcus. Are you serious, July 2007. 15 years ago, Before Nick Read was even C.E.O. Sorry mate, but you must be really desperate to discredit Nick Read, by bringing that up, (apple). Come on, be honest, as a vod employee you just didn't like him for whatever reason, & It's time you got over it. A 15 year grudge. Sad or what.
HI Dan,
He was CFO at the time I believe and didn't fancy giving Apple a slice of revenue which was a new and previously unseen attempt by a device maker to take a cut.
I can find this in the archives..
https://www.theguardian.com/media/2007/jul/06/digitalmedia.citynews
History has been re-written many times...but will it matter
"Vodafone til i die"
will be very interesting to see which way it goes Mikey, if i do buy more i may be able to double my number of shares and only paying half the price i paid for my previous ones, still not really sure if i should do it though, it's a bit of a gamble with this share
“I think the divi has already been factored in at this price”
Don’t understand what you are trying to say - the dividend will not be factored in at this price - all companies drop by the dividend price on exdiv day at open , granted it may rise after that but the history of vodafone is the opposite unfortunately.
Den………..the very reason this will probably bounce back tomorrow. I think the divi has already been factored in at this price……everyone will be clambering to buy tomorrow. I have seen it before that shares actually rising on ex div day, Maybe VOD will not let us down.
Today's volume was 416,342,503. Less than 84 Million off half a Billion shares traded:
On Exchange volume 53,001,158
Off Book volume 364,298,656
More Big Off Book trades today:
tradeTime - currency - price - volume - tradeValue - - - type
15:43:27 - - - GBX - - - - - 95 - 81594487 - 77514762.65 - Off-Book
15:42:55 - - - GBX - - - - - 95 - 81594487 - 77514762.65- Off-Book
15:28:30 - - - GBX - - - - - 95 - 42195020 - 40085269 - - - Off-Book
15:39:07 - - - GBX - - - - - 95 - 42195020 - 40085269 - - - Off-Book
15:27:38 - - - GBX- - - - 0.95 - 42195020 - 400852.69 - - - Off-Book
Every time the price tried to break above 95p, this afternoon, it was knocked down, yet big trades were going through Off Book.
Like thousands of others, my buy order is in at 90p for tomoz ex-divi day - an entry price many millions of others could only have dreamt of.
Mary……Don’t hold your breath then. This will drop to 91p on opening but by the end of December will be back above £1. The worm will turn.
doubling at 90and below
I don’t think we can be sure of the ceos resignation but I think we can be sure of one thing and that’s 90p once this goes ex dividend.
Narcus. Thank you for your reply. I still don't get why you blame Nick Read for the building of a crappy council estate? As for your comment "I was there when he turned down apple" Can you tell me please where I can find out about Read turning down apple. I can't find any info about it. Thank you.
I resisted buying for the dividend. There's always other opportunities. This could go anywhere. More cautious than I used to be. Lol
Looks as though the divi hunters are pushing the price up. Just touched 95p, so might see it close in the Black today.
"Just placed a buy order for tomorrow at 90p"
Based on the current exchange rate, the dividend would be 3.88p if it was paid tomorrow. The current price is 94.88p, so you'll only gain 1.0194p per share taking stamp duty into account. Because the share price is so low, there could be a lot of resistance around 90p, so you might not get your buy and you'd miss out on the dividend.
If you're philosophical about it, you might decide to let the Universe decide for you, either way, but it's not a massive gain buying at 90p tomorrow if you really were interested in buying or adding more Vodafone.
Dan, The comments about the HQ were just for a bit of context, Vodafoen were nearly driven out of Newbury as the council did not want to give them a site big enough, in the late hours a late change of vote by a Lib Dem gave them permission for the greenfield site. To their credit Vodafone did an amazing job of trying to make it blend in with literally thousands of extra tress planted at huge cost. The point is a few years later it is made pointless by a crappy housing estate on the same land thus negating all the good they did and paid a fortune for. I am a disappointed investor it is not out of holding as "grudge" it is because Reid gets every big call wrong, I was there when he turned down apple