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Well just 3p away now from my long-held fear of 91p. After tomorrow we'll be there or below. How this is still in the FTSE is beyond me.
Blue horseshoe loves Anacott Steel
Tomorrow Dave - ex divi tomorrow hence the 90p buy order
gl
I wonder if this will drop another 4p tomorrow on ex div or its already priced in, hope not
Just placed a buy order for tomorrow at 90p -
gla dyor etc
Blue horseshoe loves Blue Star airlines
Depends why you are buying Marcus. If you want the dividend in February, you have to buy before cob today. Thanksgiving tomorrow and friday . Mikey thinks 80s...
That dividend is just sat waiting. BUT AHM SCARED TO BUY THIS I REALLY AM...
The 3uk deal will sort newbury out. 3 maidenhead office closed already. Probably like tmobile orange and the welwyn garden city campus
I used to work at the Berkshire HQ, before that there were 85 buildings in Newbury town centre and beyond focused purely on Vodafone. They made the decision to move to a purpose built campus consisting of 7 huge buildings. They spend a fortune make the site "blend in" to the neighbouring countryside with impressive numbers of trees hiding the site. Along comes the ludicrous government housing policy and there is a dirty horrible housing estate built on the very flood plain on the same site that nearly sunk Vodafone buildings many years back. There would then be an average attendance in Newbury of about 5,500 people. Now they have given up on 4 of the buildings and retained only 3, one of them is the centre of the Network Operation Centre so they can't easily drop that one. The staff have been told to stay permanently working from home. I live in Newbury and now rarely come across anyone working at the now amusingly called "HQ". THis company is dead in the water in Berkshire, may as well move it to Rwanda and save a few bob.
Well it looks like Credit Suisse will have their wish……..just wait and see by next week they will change their mind and come up with a 120p forecast.
Pure market manipulation and about time it was stopped.
If you look at the debt schedule, you will realise they significant portion of loans are due in 2030-2040. Extremely well executed and at low rates.
People look at one side without looking at the other. We are facing a 10%+ inflation rate annually, which will be reflected in Vods prices in the next 6-12 months. This is a critical factor in debt management, hence why investors borrow money as money always loses value over time.
In one of my posts from a few days ago, I offered a simple illustration of how an increase of only 4% of prices across all Vod's services would increase pure profits by ca 2.5bln. As there is no associated costs attached to price increases. Ironically, that equals to the annual div!
Again, whats happening to Vod share price is a tug of war behind the scenes to scoop it all up.
"You are correct, time and time again it is misquoted on here as 4.5p. It is 4.5 euro cents and we won't know the conversion exchange rate till nearer the PAYMENT date"
Narcus, the policy of using the average exchange rate over the 4 to 5 days leading up to the payment date isn't a new policy; Anyone who doesn't realise such things shouldn't be investing in the first place. Also no one should influenced invest based solely on posts on sites like this, they should only trade when they've done their own research and understand the risks.
Anything can happen now I guess. Really Read should sack alot of the deadwood workforce or deliver an ultimatum like Musk about productivity. The money saved would then be used to pay down debt at the same time he is raising prices. Cutting the dividend is a red herring to suit short term trading strategies narrative imo.
Long term the regulator has to allow consolidation if it wants Vod to maintain employment levels and service the associated debt.
National fibonacci day today woohoo!!
You are correct, time and time again it is misquoted on here as 4.5p. It is 4.5 euro cents and we won't know the conversion exchange rate till nearer the PAYMENT date
I think we should expect Reid to go anytime now, has anyone got the full article without a paywall where some unknown analyst has managed single-handedly to put a share price into reverse just before a 7% divi, you cant make this company up. Everything that happens to them is just always the worse case scenario, we should be enjoying a nice now before it loses 4 to 5 p tomorrow. We should all pray to Mecca that the Arabs save us.
Don't worry rodders, this time next year we will all be ?
Forgot to mention what exchange rate will they use tomorrow rate or what it is in February
Goes ex div tomorrow but I didn’t realise you have to wait until February to get paid, should have read the small print. With all this talk about the huge debt a bit worried there is still time to cancel dividend Can Vodafone do that
Do you think the plan for debt is keep it as high as they can great away with, after all it's always someone eles's money and with such high debt they stand very little chance of anyone trying to make a takeover offer and the BOD's are always in well paid jobs.
Just a view
Isn't the Divi in Euro cents , so about 3.5p , or am I wrong ?
There’s no shorters of any material size
Paid 4.3 m last years and since taking over has seen the share price drop from 1.60 to current
Continually tries to ramp up poor results and gets savaged by the marketseach time there is a ststrment
With a div of 4.5p tomorrow at these levels you would think this share would be snapped up. God help us tomorrow.
Short sellers must be loving this company.
Hasen't there been enough damage done. Has a great track record in increasing debt but does that count.
With the benefit of hindsight and considering the overall market moves, I believe BOD should have suspended the div when COVID broke out.
My reasoning is simply that shares were getting hammered anyway and many other companies announced and overhauled div payments, inclusive of the oil companies. So did BT.
What would have been the benefit? It would have signalled, even though the total div per year is a meagre 2.5bln, that Read is astern steward when it comes to risk management. And, hey, the small div adds up and come next spring, they could have brought down the debt by 7.5bln, which would have put a nozzle on the bears flagging the debt levels, which in my opinion is nonsense as all other major telcos have similar levels of debt - debt/EBIDTA.
I firmly believe UK FTSE100 shareholders are structurally very weak compared to French, German and the Dutch. That has a massive impact on the performance of share performance but the GDP of the country in general. Defending your chips and fighting for survival and an edge.
Right now we have a skewed market, where Orange and Deutsche Telekom are partly state owned and protected and yet outperforming the likes of vod on the charts. What happened to the theory of states should not be running companies. FYI I am not a proponent of the state having a finger in firms.
So I find it rather amusing when I hear pundits highlight Vod as a mismanaged business, although it's the only player on a global scale, which is actually structurally solid to scale and reap the benefits of its many great investments, i.e. IoT and M-Pesa.
My own conclusion is that behind the scene there are PEs and super wealthy private investors who want in to snap it up. It's all show and tell until you wake up one morning to the news that Vod has been snapped up.
The replacement cost of setting up a new Vod is massively costlier than its Enterprise value. And even if one would be lunatic enough to emabrk on such a crusade, that doesn't mean they will get the revenues that Vod is generating. Therefore, to generate the similar levels of revenue that vod is generating, one needs to spend at least twice the enterprise value--> 150bln.
What we are facing is not explicitly limited to vod, it's dare I say some sort of a "targeted attack" on FTSE shares. And Brexit has a lot to do with it. The sooner a new government with some ball$ announces a new EU referendum, not much will be happening.
BTW if you had the currency effect of the thrashed £ to the equation, then vod is even a bigger of a bargain.
All the best
"At least try & talk in a way that most on here understand. I can't make a lot of sense out of your latest posts, & I suspect neither you, or anybody else on here can. Talking in tongues?"
That's why I supplied the links, so that people can read it for themselves.