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"unless of course you really are convinced Nick Read is as good as you make him out to be ?, but that choice is yours of course, so we will just have to hope it will improve, the share price certainly hasn't improved since Nick Read took over in 2018, but you may think differently about that"
Vodafone are being pressured to reorganise by the big players, the not so veiled threats against Reid are part of the same strategy. In my opinion, It suggests some big players are wanting to inflate the stock price over the next couple of years, probably with the intention of taking profits. If my speculative guess is correct, and Vodafone succumbs to the pressure we could see some good upward price momentum in the medium term. I can't see Vodafone going any lower, unless there's something hiding out of view.
" The most likely way to make money is to buy & hold."
That's my thinking too, Ive spent a lot of money topping up shares since Covid and Ukraine, now I'll just collect the dividends and await the eventual price recovery of UK shares. My assumption for VOD is somewhere between 16 and 230p, BT over £3, and Lloyds 70 to 80p.
Probably the best advice anyone could give you Dan, is don't put all your eggs in one basket, unless of course you really are convinced Nick Read is as good as you make him out to be ?, but that choice is yours of course, so we will just have to hope it will improve, the share price certainly hasn't improved since Nick Read took over in 2018, but you may think differently about that
And there was me thinking this was a light hearted chat forum, Still I suppose it saves me the cost of buying the financial times to read that article uplifted for free. Come on, give us your opinion, right or wrong, don't just uplift?? He is just copying spud on advfn, but not as good?
Fleccy. You know as well as I do, brokers make most of there money from investors who keep changing there mind, buying & selling, buying & selling. The most likely way to make money is to buy & hold. Of course you may lose, but it is all about costs, unless you are more clever than the next guy? Me against you (the next guy) I have no chance ???? & with no disrespect, I think the same for CSDI?! All served with a bit of sarcasm salt!!!! There is far too much of this," If I buy it is bound to fall,but if I sell it is bound to rise" nonsense on here. Give us a break you lot? The stock market is for positive thinkers, not negative thinkers.
Another shareholder said that he was “disappointed” that Vodafone had “missed opportunities”. He urged the company to crack on with deals noting that in some markets, antitrust considerations mean that there are limited numbers of options. “If you reject an opportunity and someone else does it, you’re limiting your options and putting yourself into a corner,” he said.
Harry Richards and Adam Darling, managers of the Jupiter Corporate Bond Fund, which has a position in Vodafone’s debt, said “we appreciate management’s intentions to simplify and de-lever the business” and that they were broadly comfortable with the company’s strategy. But they added: “We would like to see some tangible progress through actual news of deals.”
Some investors are pushing for Vodafone to sell a stake in its infrastructure group Vantage Towers, which it spun out last year. Read has been clear that he is currently seeking a deal for the towers business, with a preference to pursue an industrial merger with Orange’s Totem business, or Deutsche Telekom.
Most investors argue that a towers deal will make a material difference to Vodafone’s performance, reducing debt while freeing up cash to invest. Other telecoms groups like Altice have spun off towers businesses at rich valuations.
PSAM’s Schoenfeld said that he wants the board to “direct management to emphasise a significant cash transaction for Vantage”. This would “transform Vodafone’s balance sheet, narrow the sum of the parts discount and facilitate the pursuit of new strategic options,” and potentially a capital return to shareholders, he added.
One shareholder said that while a change in chief executive might set Vodafone back again in terms of missed opportunities, “if Read doesn’t get something done soon with the towers?.?.?.?then his days are numbered”.
Vodafone said in a statement that it remains “open and pragmatic when considering in-market consolidation” and it is “exploring multiple opportunities across a number of markets”.
The statement added: “We will not execute fire sales and we’ll always be seeking value accretive transactions that clearly benefit our shareholders.” Vodafone said that it regularly updates shareholders on its strategy and will do so further at its full-year results next month.
Investors in Vodafone are urging the FTSE 100 telecoms group to speed up long-awaited deal making to improve its stuttering performance.
Chief executive Nick Read has been under increased pressure since it emerged in January that Europe’s biggest activist investor, Cevian Capital, had taken a stake in the company and is angling for a major overhaul of the group, including shedding poor performing businesses, consolidating in key markets and beefing up telecoms expertise on the board.
The past decade has been tough for European telecoms, with fierce competition and tight regulation weighing on earnings. Although Vodafone’s share price has rallied since the start of the year, the company has shed more than a third of its value over the past five years.
For several months Vodafone has told investors that it would pursue deals with rival groups in markets where there is significant competition, such as Spain, Italy and the UK — but so far it has been unable to pull any of these off.
“Vodafone’s failure to do a deal has been a problem,” said Peter Schoenfeld, founder of New York-based hedge fund PSAM, one of the company’s shareholders. “It’s not like they’re not focused on the right areas and trying to pursue opportunities. It’s that they’re executing poorly.”
In February, Vodafone rejected an €11bn bid for its Italian business from French rival Iliad, owned by Xavier Niel, saying it was “not in the best interests of shareholders”. Then, after months of negotiations with Spain’s challenger telecoms group over a potential sale of its Spanish business, MasMovil turned its back on Vodafone in favour of a merger with Orange’s Spanish business.
Schoenfeld added that it was “particularly worrying that Vodafone senior management has made no public comments or engagement in recent weeks — not even a statement on a missed opportunity in Spain”.
One top 20 investor said: “We have serious doubts that the company can re-establish credibility with its legacy CEO and his strategy. There have been too many disappointments and missed opportunities.”
Another top 20 shareholder said that over the past nine months Read, a company veteran who became CEO in 2018, had “come quite a long way, matured and grown into the role,” but said that some shareholders were “unconvinced on whether he has the true leadership qualities to be the best chief executive for Vodafone”.
"My experience with most shares is that they fall back after a period of being in favour, especially with the FTSE100 where I normally do my fishing."
I don't disagree, going off recent history, but you could come out with a small profit and miss out on a breakout to the upside. I've previously sat on shares, that appeared to be marking time for a sustained period, and within days of selling half my holding the stock started climbing in short order, moving up over 16%; What made that experience worse, is that there was no news accounting for the rise and no apparent reason, so in the abscence of reason it felt personal lol. The only defining action accounting for the rise, as far as I could tell, was me selling my shares. Of course it was just a coincidence, but you get my point.
Hi Dan
Definitely not a "day trader".
Just trying to pick established ranges to make a profit more than once a year.
With LLOY I have one trading batch and one LTH
With PSN I have two LTH batches
With POLY (high risk) I've got targets at £4 (for 1/3), £6.75 (for 1/6) and £10 (for 1/6) to off load some shares and keep 1/3 for £13+ in my dreams.
I believe you should have a plan to exit when you open your position, although the Buffet's of this world would probably argue you should hold forever. My experience with most shares is that they fall back after a period of being in favour, especially with the FTSE100 where I normally do my fishing.
Only need to look at my mini p/f of 3 shares to see what happens if you do not sell out at the appropriate time.
My aim with LLOY is to try and increase my pot size by trading for 10% gains - but no luck so far LOL.
I am sure one of our previous posters used to trade VOD by buying several thousnad shares at a time and just looking for a penny or two increase to sell up and buy back on the drop.
Cheers - CSDI
If you sell & buy back, you need to make almost 1p on the price just to get your money back,so unless you have a crystal ball, why take the risk? Leave it to the professional traders. Frustrating I know, but we all need to realise our limitations.
Hi sotonspike. The vod close on the nasdaq equates to about £1.28.7. The F.S.E. price tends to be about 1p to 1.5p less so it could open at about 127.5. If it rises, or falls in the day,who knows? 50/50 I guess,
Hello CSDI. I didn't know you traded in & out of shares, (day trading) but although spread betting is very risky & I wouldn't advise it, you would stand a better chance of making money compared to day trading due the costs involved, mainly stamp duty. But my advice would be don't do either, unless you are an expert, not a CSDI. You have to remember the average day trader will break even before costs/spread, due to the law of averages, so after costs, in the long run, you are almost certain to lose, unless of course you are an expert at predicting short term share price movements. Good luck though.
out.....missed that off
Oh dear the Dow took a beating last night best hunker down Monday morning it's going to be bad....
Question is does one sell at the opening hoping to get back in at a lower price or just ride it....
Hi Dan
LLOY had a good week for a change. A lot of similarities though for long suffering holders. I thought LLOY might be better for trading from 45p to 50p, but its stuck in quicksand with my money stuck.
For me, I would consider trading VOD from 120-130.
If I had spare funds I would open an SB account so that I could also bet on a down turn. but SBs are too risky due to the leverage.
Next week could get messy after the big drops on the DOW and S&P500 tonight.
Which is fine if you are a buyer, but horrible for us LTHs.
So I think the ski slope stays with us for the early part of next week.
I've got Q1 results for POLY on Monday, and LLOY & PSN on Thursday so will have to wait and see what damage that does to my p/f. Will look to add a bit more to my ISA next month and decide then whether to start a 4th share or top up one of my 3 loss-makers LOL.
Have a good weekend and I will buy you a virtual pint if you win the VOD prize next week.
Cheers - C
C.S.D.I. shame on you! Just because you Lloyds bankers are losers, don't bring us down to your level? Does Lloyds have a Mikey like ski slope, or is it just us poor vod shareholders who are plagued with it??
Not even one of you got my ironic joke?? Me going 1.24? Don't be silly? Is the pope a non catholic??? So a 135.9 from me. Good luck sotonspike. As for all the putting down of talktalk, do any of you wise guys actually know what you are talk talking about? apart from nonsense media? If you do, let me know? I think we should leave it to Nick Read & the b.o.d. don't you?
I was hoping Elon Musk would say he is interested.....then it would rocket.....
sotonspike, If you win on that next week mate, you will deserve a gold award, how about talk talk taking Vodafone over, maybe that might work better ?
Oh...bad day/week.....seeming i was way off with last weeks prediction and my raving of going to have a good week my thinking is next week is.....this going to be awful (Don't worry Dan reverse psychology) so going to up the ante and say 135.8
Well done CSDI for coming second, well i will go for 127, not ready for the SKI slope yet, does look like once again we have difficult times ahead of us, so where is going to be the best place to invest over the next 6 months ??, I would have thought It will be more the essential products rather than non essential, wish I knew where though ? have some dividend pay-outs in May, but won't be rushing to re invest just yet
Where's my silver medal for coming 2nd - again ?
I get the (horrible) feeling we're on Mikey's ski slope and heading back down to the 120 zone over the next few weeks.
My guess for the 29th April close is 123.6
Cheers - C
O.K. Next week I am going 1.24, Clever man that mole?
C.S.D.I. yeah, sorry I missed your 1.30, but you still came 2nd, but far better than me. Well done mole-man?? boo. hiss. As for Mikey, well he has obviously had a good day drinking tea in his garden, playing with his pussy's & watching the sp fall, while waiting for the men in white coats to turn up. Perhaps if Mikey is lucky, he can get a retirement job in the £1 shop selling vodafone shares? Either that or as a Ski Instructor, as he clearly is an expert on ski slopes.
It was a close call with UK market meandering all week and USA freaking out. What sentiment for next week? I'm flippin the coin and going for down again, but not much. 125p.