Firering Strategic Minerals: From explorer to producer. Watch the video here.
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davef24 Why are you just re printing stuff that we can all just read for our self. What is YOUR point?
Vodafone Is an MBA Case Study of Messed-Up M&A
Here are key takeaways if you treat miscalculations as object lessons on what to avoid in the future.
Chris Hughes
1:18 PM IST, 22 Nov 2022
4:41 PM IST, 22 Nov 2022
A pedestrian checks his smartphone as he passes the entrance to a Vodafone Group Plc retail store in London, U.K., on Friday, July 22, 2016. Vodafone reported first-quarter service revenue that beat analysts estimates amid gradual improvements in its European mobile-phone businesses and growth in developing markets.
A pedestrian checks his smartphone as he passes the entrance to a Vodafone Group Plc retail store in London, U.K., on Friday, July 22, 2016. Vodafone reported first-quarter service revenue that beat analysts estimates amid gradual improvements in its European mobile-phone businesses and growth in developing markets.
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(Bloomberg Opinion) -- There’s hidden value in Vodafone Group Plc, the sprawling telecoms company whose market capitalization has shed more than $50 billion in nearly five years. It offers business students a lesson in the good, the bad and ugly of mergers and acquisitions. The only thing missing is the ultimate deal: a break-up bid.
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Things aren’t going well. The shares recently slid beneath the psychological 100 pence level. The competition has been whipping Vodafone in Germany, its main market. Management is struggling to convince investors that high debt from dealmaking will come under control. Activist Cevian Capital AB gave up on the stock earlier this year, but telecoms billionaire Xavier Niel has taken its place as a potential agitator.
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Rewind to 2013 and it’s hard to believe Vodafone could have got into such a pickle. Then-Chief Executive Officer Vittorio Colao agreed to an exit from its joint venture with Verizon Communications Inc. for $130 billion. Most of the payment received — mainly a mix of cash and Verizon shares — was funneled to shareholders. That was a great deal, making a hiatus in years of empire building. Sadly, the sequels in this M&A saga have been a letdown.
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Vodafone added cable infrastructure to its portfolio pursuing a so-called convergence strategy to sell phone, internet and pay-television services. Having offered $11 billion to take control of Kabel Deutschland Holding AG in Germany, it then gobbled up Spain’s Grupo Corporativo ONO SA for $10 billion. The Spanish market later became viciously competitive.
In 2018 came the $22 billion acquisition of assets from rival Liberty Global Plc. This filled gaps in Vodafone’s German coverage. Less than a week after the announcement, Nick Read, then chief financial officer, was announced as Colao’s successor and given the mammoth integration job. True, Colao had been boss nearly 10 years, but the succession was hardly ideal. Vodafone shares have badly trailed European peers ever since.
To be fair, the idea of becoming a bundled telecoms provider made sens
" Bid/Ask price doesn't apply to Off Book Trades, they're Off Exchange."
yes...the buyer and seller get together without having to match one with the other as on L2 ...so they don't appear on L2 ...in order to not create a sudden possible misunderstood distortion of the market price ...but they do have to be reported to the market exchange, and the possible manipulation could be if they decide to report it somewhat later than the time of the agreed trade
They can often be merely Fund managers moving shares between different funds holding that company , or between fund managers in general .....a bigger variation in price comes when it is more of a fire sale or a buyer will only take on a larger amount with a discount to the market price
today looks like whoever reported that trade did it twice by accident, not sure that the first attempt had gone through
"What Is Bid and Ask?
The term "bid and ask" (also known as "bid and offer") refers to a two-way price quotation that indicates the best potential price at which a security can be sold and bought at a given point in time. The bid price represents the maximum price that a buyer is willing to pay for a share of stock or other security. The ask price represents the minimum price that a seller is willing to take for that same security. A trade or transaction occurs when a buyer in the market is willing to pay the best offer available—or is willing to sell at the highest bid.
The difference between bid and ask prices, or the spread, is a key indicator of the liquidity of the asset. In general, the smaller the spread, the better the liquidity."
https://www.investopedia.com/terms/b/bid-and-ask.asp
"A bid-ask spread is the amount by which the ask price exceeds the bid price for an asset in the market. The bid-ask spread is essentially the difference between the highest price that a buyer is willing to pay for an asset and the lowest price that a seller is willing to accept.
An individual looking to sell will receive the bid price while one looking to buy will pay the ask price."
https://www.investopedia.com/terms/b/bid-askspread.asp
My understanding is that Off Book trades are negotiated trades and can be at any price, but usually based on the Exchange price at the time of the trade, rather than the Bid Ask spread prices.
Hi moni. I have heard about those dodgy high rise council estate igloos where you live. Just make sure the foundations are good? At least 10 metres of bed ice is good. No flammable cladding though? just snow. Just remember, when you go outside for a wee,don't shake it, just snap it off.
Dan, I'm waiting until after exdiv , things are looking very unsettled here at the moment, i would rather wait to see what happens after, of course i wish you luck, just got to ignore all the noise on here at the moment
famous last words mate
best of luck
cheers roofer, if i lose out not getting the bottom price I'm not bothered, think it's worth a bit of a top up at these prices though and hopefully it may be looking a bit better in 6 months' time, the scaremongers are out in force at the moment, I also sold aviv at a profit before consolidation in my sipp and bought back at 380 glad i did they are doing well, and have held them before and after consolidation in my isa
atb
Well I wouldn't know all that stuff Dan, as now living in Siberia has reduced my ability to spend money on anything other than Vodka, porridge and my pay as you go phone...I've built an igloo so living rent free until spring and then I'll use my tent...off to a meeting with my communist comrades...
I'm afraid I don't understand that fleccy. Somebody must have either bought or sold surely?
That’s ok :) and thanks!
I’m holding long on Vodafone, short term volatility is always a concern, but only for those whose investing horizon is short.
Should be interesting.
Sorry Jongal, I added, good luck.
Jongal. Hey, big spender, 5758 shares. When are going to put a bid in for vodafone? G
"Buys or sells though?"
Bid/Ask price doesn't apply to Off Book Trades, they're Off Exchange.
I now have 5758 shares after buying today…let’s see what happens ??
All the best ??
moniman. top of the list spending items, Apart from mobile phones. Tattoos, T.V. football, designer clothes/trainers, expensive gin, gym membership (you don't have to go though) Just have the right designer attire, The latest Expensive massive alloy wheels electric car, Etc. Etc. If you have any left over, then deliveroo take away food, followed by pay the heating bills & rent/mortgage. I thought you would know that though, living in that dodgy area you described in your earlier post. D.Y.O.R. I.M.H.O. usual Caveats, & all that pointless rubbish. P.S. If you do a caveat at Christmas, is it called a Santa clause?
Buys or sells though?
Today was quite a high-volume day, with a couple of large Off-Book trades.
Time -----currency - price- - - volume - - -tradeValue - type
14:43:43 GBX - - - - - 96.09 - - 47667853 - 45804039.95 - Off-Book
14:43:43 GBX - - - - - 96.09 - - 47667853 - 45804039.95 - Off-Book
Not sure if one of the above are a duplicate, but today's volume so far is 196,105,460. Apart from results day, the daily volumes are around 45 to 55 million shares traded, On Exchange, with some days above that up to about 69 million. When I downloaded the data at 17:00, there were 122,575,601 Off Book trades and 45,848,809 on Exchange trades.
With enough to feed their kids fast food, AND lazy enough to pay for delivery
You are right here, the people who cant/wont buy a box of cereals for their kids but think its the schools job to breakfast them --- but they still have to have their £45 a month phone contract !
Ah, there are none
Feel free to try and influence those on this board to sell, the few on here are line voices
And those who can afford to pay will pay the higher prices that the mobile providers decide to charge.
Nope - not in todays society, people can’t survive without their mobiles, even the poorest
".....When the markets realise we are heading slowly into recession worldwide people will..." be getting out of their expensive mobile phone contracts and spending their little bit of money on buying food, paying the rent or mortgage and paying their huge heating bills more likely.........?
Admiral Ackbar from Starwars looks like a giant fish head but he says 'ITS A TRAAAPP ' better than anyone else.
Hello fleccy. Nice one mate. & there is me thinking you have no sense of humour. Nasty elephant, go away. No. not you fleccy. Trouble with mobile phones, you can't do trunk calls anymore.