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Good Morning all, just got back from sunny Tenerife, been trying to stay away from the depressing stock market whilst on holiday, i noticed not much has happened to the Vodafone sp while I've been away, but at least it hasn't dropped much unlike a lot of my other shares, i did make one exception and logged into Persimmon, and sold them off the day before exdiv, as i think the rising interest rates and inflation and reduce numbers of mortgage applications would not be good for the housing market, and we could see house prices going into reverse, I could be wrong about that of course, which would mean my good friend csdi would benefit and i would be pleased about that, and also i could use the money from that sale for topping up a cple of my other shares, I think Gary is right in saying there will be a lot of turmoil with the stock market for a while, but for how long for nobody knows but they say a Bear market is always followed by a Bull market, so will need to take advantage of those wild swings and try and average down when those opportunities arise, I see Dan has been doing a great job with the guessing the sp game and also bagged himself a win well done you, nice to see the vod sp has held up fairly well in these challenging times, and hopefully it will make it's way back up again soon
best of luck all
Agree both YF figures are misleading, the actual yield at todays SP of £1.279 is 5.98%, so that's good.
Not so good is the last dividend cover figure as at 31st March of 0.95, remember anything over 2.0 is classed as good so VOD are not even half way there.
For those interested the dividend coverage ratio indicates the number of times a company could pay dividends to it's shareholders using its net income. Generally, a higher dividend coverage i.e. over 2.0 ratio is more favourable. So if cash earnings don't cover the dividend, VOD would have to pay dividends out of cash in the bank or by borrowing money, neither of which is sustainable long term. I'm still not selling anymore though.
Thanks Dan. Never look at Yahoo Finance so never get misled LOL.
I have enough problems looking after my lonely share.
Divi on PSN > 12%, but SP down 38% in 12 months - makes VOD look brilliant !
Cheers - C
There is an article on Yahoo Finance from Sunday, stating the vod divi yield is 3.7% & the divi cover is 1.56. This is complete nonsense of course. The actual yield is about twice the stated figure, & the cover about half.
Yes, suppose you are correct there Dan. As someone currently out of VOD how dare I suggest a falling SP.
I would like to remind all VOD holders that it may be better in short term for prices to fall so you can buy and accumulate at a better level.
In the long run we all want higher prices so we can sell at a profit.
My only holding is PSN and that has sunk quite a way recently. This is fine while I am building the position over the next few months, but ultimately I want that to rise at least £25, as it was over £30 12 months ago.
It amazes me how long some shares stay out of favour for, and they always end up in my p/f LOL.
GLA - C
CSDI. Oh sorry, did I leave the not out? Come on, I have to give preference to vod real shareholders? Only joking of course, but someone has to come last, & I am hoping it is you. Nothing personal of course, but the higher the sp, the better for me.
Come on you guys BE POSITIVE 130 FOR ME PLEASE
Last and least indeed ..... what are you saying ....
Thank you Dan
Sorry Dan I didn't realise I bid the same after Sidi, so if the rules allow I'll now be 1.271
dan. 1.29.---soton. 1.29.---c.s.b. 1.27.---scratch. 1.27.---gary. 1.26.1.--- sid. 1.26.1.---. & last & least, c.s.d.i. --1.25. Good luck all.
I'm the pessimist this week - so 125 for me please
Thanks - CSDI
Thanks Cheap & others, I’ll go for 1.261 as the finish price this week.
My average is the same as you @ 1.20 but I did sell 8,000 which was half my holding @ 1.39 some months ago. I won’t be selling anymore as I was interested to read that a recent study from Juniper Research has found the global number of roaming IoT connections will increase from 300 million in 2022 to 1.8 billion by 2027. This represents about 500% growth so just imagine that effect on the SP.
I'm going for a flat finish 127.0p Friday
I mean I sold some earlier due to overexposure, still got lots though and will look to re-invest divis in other undervalued bargains, hopefully ones that do not take much beating from interest rates or the inflation.
Gary - thank you for that excellent post. I agree with everything you say pretty much.
I am also fan of Ackman and if he says something, I think about it. Usually he is on the ball albei no one is perfect.
I see VOD as moderately shielded from the turmoil due to divi, Arabs buying in and a few other factors. I bought in at 120p and will take the divis rather than sell. Although I sold me earlier but only because I was overexposed.
Best of luck all, Cheap
In reply to your question daniel about where the VOD SP will be in the near future.
My own thoughts are that we are already in a bear market & there is probably more bad news to come out of America next week concerning company profits, this will affect market sentiment as you would expect. Mikey is somewhat correct in his assumptions that the US continually bring the VOD SP down but what he doesn't say is that this goes for a fair bit of the market over here as well.
I always take heed of the US billionaire hedge fund manager Bill Ackman who recently said that with inflation spiralling out of control, aggressive rate hikes by the Federal Reserve & other central banks are the only way to tame it and that investors will ultimately favour those measures to avoid “economic collapse and demand destruction.”
Ackman recently quoted “If the Fed doesn’t do its job, the market will do the Fed’s job" & in my opinion that is what is happening now. The fed has been pushed into there aggressive interest rate stance. The best & probably only way to stop today’s raging inflation is with aggressive monetary tightening or with a collapse in the economy.
I personally think that we are in for 18 months to 2 years of market turmoil & any buying of any share should best be done in stages. VOD is a good share to hold in bear markets IMO & this may shelter the SP from the worst of what is to come, I think a good trading range at this time is 110 to 130.
As for being buddies or mates I hope we are all friends, after all aren't we all here to learn off one another, life's too short to harbour ill feeling, unless your Putin of course, now there is a prize tw*t. Good luck all, here's to health & prosperity.
Ok guys after the bloodbath of last week for the ftse my thinking is.......There will be a bit of a bounce so going for 129
I'll go for 126.1
I'm sticking with 1.27 ....
Gary. Are you & me best buddies? You can not be serious? Is the pope a non catholic? ( All meant in the best possible taste ,ref your old post). Anyway Gary, as we are claimed to be best buddies now?(taking the Mikeyh68) What do you think the vod sp will be in the near future?
I am going to go 1.29 for next Friday. A one horse race so far? I guess I just don't have rob's charisma? We all need to give robleo a welcome home thumbs up I think. Good luck to all vod shareholders. All contrary views very welcome of course, as always!
Gary writes
It seems to me that you just can't handle anyone with a contrary view.
Sounds familiar - just like somebody else on here .
Are you two best buddies !!
Hey Mikey, VOD finished 1.11% up, oh sorry it must be the Americans again ... not.
Mikey writes ... And i’m not your mate thank god. Is there any need for that?
It seems to me that you just can't handle anyone with a contrary view.
Mikey you are just a child & the same posts everyday prove that 100%.
You are like a lighthouse in the middle of a desert mate; bright but not a lot of use.
Cancel the bright bit.