The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Why do you expect the bod to keep a running commentary on the share price? That's not their job.
Wonder how much it will drop today? Meanwhile, not a peep from the BOD.
ForensicBloo, your not alone in thinking like that , I accepted some time ago that i will never get all my capital back here, but any increase from this current sp will be welcome, it would be good just to see this heading towards 80p for now
Elbon
I'm in a similar position, average £1.51.
I ask myself the same question regularly.
The answer is always the same; like banks etc, I decided to write off my vod investment long ago.
So I'll stick rather than twist and just hope to write the investment back in, in the years ahead.
Psychologically, it seems to work.
A 100xpe is not insane if the company is growing earings 50% pa. This is what I find UK investors fail to grasp and stay stuck in old dead industries, because they have found some sort of 'value', and it pays a safe div right?
PE is a bit of a blunt intrument to try and value growth companies anyway.
Try
Matthew.johnson@vodafone.com
You will get a reply.
& yes of course the share price matters! It usually reflects the performance and health of the company. This is the problem in the UK as opposed to the US where the SP is ALL that matters, and we have shares trading at insane 100x P/Es!!
It is not the bods priority to increase the share price and neither should it be. It's the by product of revenue and profits and that's what they need to focus on. Not your sp.
Already did that previously Mulder but received no reply.
Dear Margherita,
I hope this email finds you well.
As a long-term holder of Vodafone shares, I am dismayed at the current shareprice.
Since you took over as CEO, the SP has plummeted 35%. I'm sure it was not your intention for this to happen but it is nevertheless a sad reality.
I hope that actions can be taken quickly to improve the situation.
You were very convincing at the start of your tenure as CEO by emphasising your intention to restructure the company to improve things for loyal investors. I assume you are on track to make the required changes but I must say sitting here with my Vodafone portfolio worth many thousands of pounds less than my original investment, I am not reassured.
Any assurance you can give me that my concerns are misplaced would be most appreciated.
Best regards
Hopefully get Spain and Italy sales over the line, then use the cash productively, we should then see us closer to a £1.
Thanks for the encouragement Tars and I hope you enjoyed your hot minced pie 🥧
Margherita.dellavalle@vodafone.com
Email
Shares down almost 40% since her appointment. Not good enough.
Robelo and Garonne , "Things can only get better unless of course they get worse" to quote Joseph Heller from his book 'Something Happened'. For long term holders like myself who bought in when the share price was north of 120 and wondering whether to sell, that ship has sailed. My thinking now is that the risk that the share price will dramatically decrease further by say another 20% in the next couple of months is quite low unless you are of a mind to think Vodafone is going bankrupt, whereas I think there is a much greater likelihood that the share price will be worth north of £1 in the next two to three years when everything is 5G. Shorters and high frequency traders are having a significant influence on Vodafone's share price bouncing around. I am not against shorting as it has merit when shares are over priced. However, what I do not support is those investment banks, hedge funds, and institutional investors that use high-frequency trading strategies that allow very short time-frames for establishing and liquidating positions. What I would like to see is the government do the following:
Firstly, you only pay commission when you sell shares, so no commission when you buy shares. Years ago there were toll booths at both ends of the Sydney Harbour Bridge until Edward DeBono pointed out that 99% of cars that drive into Sydney over the bridge leave the same way, so you only need to collect the toll at one end not both ends.
Secondly, the commission for selling shares should be on a sliding scale depending on the time you hold the shares. And furthermore, if you hold the shares for a year or more then there is no commission when you sell the shares, whereas if you hold the shares for less than three days then you pay a hefty commission and a tax of 75% of your profits. This, I think would severely curtail investment banks, hedge funds and institutional investors establishing and liquidating positions in a fraction of a second.
Anyway time for a hot minced π
Thanks for your empathetic comments Clued and commiserations for being so much underwater with your VOD investment. I hope your £1 plus prediction does materialise as a result of efforts being made to focus on core, profitable assets. You also make a good point about all of us making mistakes with our investments, which has cheered me up, so thanks and good luck to you Clued.
I’ve got 11500 shares from 2016ish and god knows what my average is, somewhere around £1.90. I’m about 12k down (7kish if you factor in divs). 9 years to make that back on divi income IF the dividend stays at current levels snd assuming SP doesn’t drop further. Is this a lost cause?
Https://www.livemint.com/market/live-blog/vodafone-idea-share-price-today-latest-live-updates-on-13-mar-2024-11710297010760-page-121.html
Vodafone Idea share price Today Live Updates : Vodafone Idea closed today at ₹12.39, down -9.43% from yesterday's ₹13.68
Garonne. I could feel your "pain" whilst reading your post. I'm also deep in the red having an average sp of 189p from years ago. Don't kick yourself too much, we all make mistakes !! It is surprising that the BOD aren't buying shares I admit. We need to give the new CEO a chance and I still have confidence that VOD will get back above 100p (average sp target is c 93p on Bing) in medium term. They need to get rid of non-core and less profitable assets, aggressively cut costs and concentrate on their strengths, not exactly rocket science !!
Making tough decisions to make the business more efficient?
Like selling of unprofitable parts of the business? Just an example, Spain and Italy? Yes, management should really look into that.
Curtin the Bond with the maturity date of 2079 is actually a Hybrid Bond with a next call date of 04/01/2029, Vodafone will more than likely pay off that particular Bond in 2029.
Vodafone needs someone like Tufan is for RR, who is not afraid to make tough decisions and make business more efficient.
From may of last year https://www.telecoms.com/ai/vodafone-sees-no-remaining-value-in-indian-operation#close-modal
Not sure Vodafone will commit anything if that’s the reason for the drop.
This Vodafone bond has maturity 2079. Its price has not moved today.
https://www.boerse-frankfurt.de/bond/us92857wbq24-vodafone-group-plc-7-19-79
The long term Vodafone bond with the worst performance I could find matures in 2053 and is also denominated in US$. Its performance today was -0.33%.
I don’t know why the stock performed badly today, but the reason does not seem related to the long term viability or profitability of Vodafone.
I'm in the same boat Robleo so feel your pain. I invested here to get a good dividend income for once but that was obviously a huge mistake. In fact as I used funds from selling RR to buy this dog, I would even describe it as a catastrophic mistake! One keeps hoping that it'll turn but there's never any positive news to make that happen. I mean the BOD don't even buy shares, which reduces confidence further. Coming up to retirement it's frustrating to watch one's investment getting significantly reduced. Let's hope something changes here for the better and soon! Good luck anyway robleo.
Lol avocet. You really do talk s***. 20 years lol. It's been going down for a decade. Some thought, including me, that it had to turn but that has not been the case. I've cost myself thousands in paper loss here so far and it really looks like that's gone for good as Margherita is clearly out of her depth and seemingly incapable of increasing the SP. Can it stabilise? Let's bloody well hope so.
Garonne, some people will never accept that they have made a bad investment and they are losing money, some long time investors,myself included just keep on telling them selves this will get better, but unfortunately instead of getting better it has kept on getting worse year after year after year, I really don't know where this one is going, I'm not sure you can point the blame on any CEO, the reality is it's just been a bad industry to be invested in, maybe because of the expensive infrastructure costs and the fact it's a very competitive market, not helped by inflation and higher interest rates
The only thing i do know for sure is it hurts having to sell at a big loss, I really wish i knew what to do for the best with this one, my biggest fear is if i sell the share price will rocket
Garonne, your daily suffering is so easy to fix by selling. But you won't sell, you prefer to suffer. It's insanity.
I don't suffer because I am going to hold these shares for the next 20 years so daily, monthly and even annual ups and downs don't bother me. But you are looking at this daily. You should not be investing. Stick it in a savings account where your capital can't go down .