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Looks like it's back to business as usual with the SP firmly back in the 60s where it clearly belongs. How much longer does this atrocious performance have to go on for before MDV considers her position? She doesn't even buy any shares to boost confidence in the company she's meant to be rescuing! It's just wall to wall negatives here. It's never pleasant losing money but I fear selling up at a significant loss might be the only option. Dreadful company!
Someone started the rumour. If this individual or organisation had no real basis for it, it is a scam to increase the share price. It doesn't mean betaville or others were involved, they are just gullible participants. But if there was no plan for takeover as we now realise, then the rumour was a scam to ramp the price up. We have to accept we were duped and try harder next time.
"the rumour hasn't been tested through formal journalistic channels (public relations executives, bankers etc). The scuttlebutt might be complete codswallop - but then again there may be something in it, so it's worth airing on Betaville"
Given that the rumour was caveated as above, it's hardly a scam. The rumour itself didn't make sense, as any rival can just buy the bits of Vodafone it wants and avoid become another Vodafone themselves.
All stocks in FTSE are dog and controlled by shorter. The results don't matter. They go up 5% for no reason and you start buying it suddenly drop by 10%. Then it rasise slowly and the shorter have taken the biscuits now the next round.
MDV is not working out for ordinary shareholder but that doesn't mean she's not working out for others.
She maintained highest dividend in FTSE while selling two European core assets. Who benefits? E& is a major shareholder with little interest in European assets.
Disentangling this will take best part of decade and cost billion in fees. Again who benefits? The usual parasites like Accenture.
On the other side of the world, strategy appears to be to move all valuable assets into Vodacom. Is this strategy for Vodafone or for E&?
CEO in name only, doing the same thing she has been since 2004 - following orders.
10mln shares print? Anyone else noticed it?
Eafster, dont buy any vodafone shares then.
Scam, manipulation, call it whatever you like. If a real bid was in the offing, we would be the last to know. As per your advice I dropped some more earlier this morning at 70. Happy to sit tight now.
The 'new' CEO has been in place for over 12 months and has achieved nothing when compared to the job done at Rolls Royce.
How long before a radical change is needed?
Vodafone is the dog of the FTSE.
A rumor is just that, a rumor. That does not make it a scam as you put it.
If you believe the rumor was necessary going to come true, more fool you.
As you predict 65p for the next stop, you can still sell now at 69p which is higher than your prediction. But dont wait too long.
Now that the “takeover” bid has been shown to be a scam to let the big players escape at 71p, we will drift back to 65. I sold some at a decent price, but should have done much more.
"What would someone pay for it - its not exactly profitable as things are."
Jesteh if you check the 2023 Revenue and adjusted EBITDAal figures for Italy and Germany, then a €10 Billion sale price for Germany makes no sense; In FY23 the Revenue in Germany was over 270% higher than Italy, and adjusted EBITDAal over 366% higher than Italy. If you base a sale price for Germany against relative EBITDAal percentage differences between the two, and since Italy is worth €8 Billion, then Germany would have to be worth at least €29 Billion.
I thought yesterday sell at 71p but there seemed some momentum at last so held. Doh!
But ‘surely’ this should kick back with a 70 support soon? Buy problem is now with so many pullbacks it means that 71p resistance gets tougher all the time!
Usual caveats
Trek
You are very fixated on daily movements Garonne. Chill out a bit, let it ride. No need to check the sp every 5 minutes. It does what it does.
Here's hoping for a better day with the shareprice maybe reaching above 70p again. It might be possible as long as the Yanks don't put the kibosh on this again.
Except that data was released at 1230, NOT 1330.
#rogue
Management made it clear that the rationale for selling Spain and Italy is that these countries do not earn the cost of capital. Assuming that Spain and Italy are sold, the ratio debt to ebit will decrease significantly. Besides, there is a general agreement that the ECB will reduce interest rates in the foreseeable future; should Germany enter a recession, a significant reduction of interest rates is likely to occur, because Germany is a key player in the ECB. Time changes perspective, also for the better.
Some insider buying is needed to help lift this zombie from the dead zone. I'm sure the BOD will oblige!
Time changes perspective. Nobody could have guessed that Vodafone would sell entire Spain operation for 30% discount on price they paid for Ono in 2014. Or Italy for 25% discount to the price rejected only couple of years back. If these are the kind of bold decisions made by the management, why is Germany disposal seen as crazy?
What would someone pay for it - its not exactly profitable as things are.
Germany for £10 Billion??? LMAO, pure fantasy figure with no basis in reality; Just confirms my mischief comment.
Honestly I read some speculative rubbish on here, most of it is just mischief; Jesteh and mole_man I'm talking about you two.
Jesteh, you are making very bold predictions! Based on what? Sure you must have a very reliable source to say that Vodafone will not cut the dividend but will probably sell Germany for 10B.
All the best
I think the worlds big companies (and definitely small) are just exhausted running their businesses right now. Few want to raise billions in capital to buy someone elses exhausting problems at a premium. Just blunder on dealing with your own 100,000 staff arguing over not coming in to the office and what pronoun they want to use.
If VOD falls to silly levels it may attract a buyer, but 70p is not silly enough, for the current world.
Maybe VOD should buck the trend and delist from the US market as it is clearly detrimental to the company's market capitalisation and associated shareprice. It stinks.
Yeah I'm ok Avocet but not happy with VOD the dog, obviously, especially after this morning's encouraging rise. It seems that VOD's secondary US listing always sets the shareprice, not the other way round. TBH I don't think this is going to recover unless it's bought out. Some entity could probably buy this for £1 a share and I wish they would. Meanwhile, they've gone completely quiet on all fronts. Margherita clearly has very limited PR capabilities, which does nothing for the shareprice.