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Always does surprise me that people with no vested interest in the share invest so much time in posting negatives about the share on a bulletin board. What's the agenda? And don't tell me there isn't one.
69 for me please
72 for me please roofer
Thank you
90p please Roofer.
73.14 for me please Monsieur Roofer
I'll stick to my 120p until it happens :-)
77
66.3 for me Roofer please
Vod closing Sp 22nd March
KiwiTwo 75.8p
Lawrence 78.75p
Roofer 70.95p
List so far Entries by 12pm Mon Atb
78.75p for me please 🥳
Can you put down for .75.8p for next week please.
Dividenddata says the following
“Dividend Cut - 03/2025 annual dividend to be cut from €0.09 to €0.045.”
Doesn’t mean they are right,but that’s their interpretation.
Was 3x not so long ago
I don't get what is the benefit of this merger with Three. They should stay focused on shedding the problems and sorting out their own system, and not acquiring more garbage, at least at the moment. Acquisitions require a lot of work and attention.
Andy, the RNS says ... "the Board has determined to adopt a new rebased dividend from FY25 onwards" (Note FY25) So I read this as being the interim dividend due in Feb 2025 will be at the higher rate & the FY25 dividend payment, due Aug 2025, is the lower dividend start point. No doubt I will be corrected here if I am incorrect. As an aside fellow holders I am personally fairly happy with what has transpired. I like the focus on concentrating on areas of possible growth & only time will tell if this is working, good luck all.
Yes but don't we also get the big div in February 25 because that pertains to 2024?
Kay & Lican, this was all clearly explained in the notification. The FY24 final dividend of 4.5c will be declared on 14 May with the FY24 results and paid on 2 Aug 2024. Then we are into FY25 with the rebased dividend. So, in a nutshell we are good for August as before, change to the lower dividend thereafter UFN.
I imagine this will be clarified in the FY results but presumably the payment date will remain the same in August, with the interim dividend halved next February.
So, next week we have the competition regulators who have until Friday to decide whether to launch a further investigation into the deal / merger with Three3. SP to rise if they don’t or vice versa if they do?
Bought Vodafone shares five years ago... wrong move. As you imagine I'm at a massive loss but hung on for the dividend which has mitigated the losses slightly. Now that is being halved it would take another ten years to break near even. Hey-ho, You win some you loose some...this ones been my worst buy. PS I don't even use Vodafone as 02 give me two Greggs coffees a week and a sausage roll! Cheers!
Guys quick question will the dividend remain same for aug 2023 pay date? and then halved for Feb 2024 date ?
"And always behind the curtain, the fear that a competitor will try and steal a march with 6G, and force you to borrow billions to install all the upgraded infrastructure to compete with their 6G, or 7, or even 8."
That statement suggests you don't know what 6G is about. 6G is more an evolution of 5G and not a complete refresh, many 6G applications will use 5G frequencies and infrastructure with newer higher frequency/bandwidth infrastructure limited to the high st, shopping centre's, stadiums, railway stations, etc and more akin to WiFi. The days of complete network refreshes and big capex cycles are coming to an end with FTTP and 5G, because the technology is reaching the limits of what's possible within our current understanding of Physics. There'll be slow evolutions to better tech and network equipment's, maybe some changes in standards with things like 6G, but huge Telecoms capex cycles will soon be a thing of the past.
Can anyone play this game?
Ok Vodafone's issued share capital consists of 28,818,683,808 ordinary shares of which 1,739,701,451 ordinary shares are held in Treasury. The current share price is around 70p, which is around 82 Eurocent and lets say Vodafone uses all €4 Billion to buy stock and the price stays around 82 Eurocent for the entirety of the buybacks.
€4 Billion-0.5% =€3.98 Billion (stamp duty)
€3.98 Billion/0.82= 4,853,658,536 shares purchased
Lets say they decide to cancel the shares in treasury as well as the newly purchased stock, you get:
28,818,683,808-(4,853,658,536+1,739,701,451)=22,225,323,820 issued shares
The number of issued shares doesn't determine the price the market decides that, but the cancellation of 22.88% of the shares means you've increased your EPS by just short of 30% if the income remains constant.
If you were to transpose the increase in EPS onto the share price, 70p+30%= 91p. Of course it doesn't work like that in real life, just playing the game.
The problem asset is now sold, but that doesn't alter the equation for the horrible problem that underlies all the company's efforts. VOD is billions in debt from all the costs of equipment for 1G, then 2G, then 3, 4 and finally (so far) 5G, plus, each time, hundreds of millions in fees must be paid to various governments for permission to use certain, usually different, bandwidths. Very little of this has ever been repaid, because interest rates were an historic joke. Now, of course, the piper will have to be paid 5%+ as the bonds mature.
So the first major problem is the debt pile that feasts on the shareholders revenue from operating mobile 'phone lines and the fact that the interest burden is likely to increase substantially over time.
Then there is the problem of competition. Lots of different operators, all offering the same product and being differentiated by the customers purely on price. The monthly rent. Which means zero opportunity to increase profit margins to a decently remunerative level.
And always behind the curtain, the fear that a competitor will try and steal a march with 6G, and force you to borrow billions to install all the upgraded infrastructure to compete with their 6G, or 7, or even 8.
This is a utility that will never make decent profits. Just look at its' P&L record for the last 20 years. Steadily downwards, like its' steadily falling share price. Yet the comments pages are always full of optimists that the price is just about to jump 10, or 20 pence. Again look at the SP record and observe how rarely this has ever happened.
And all the while the MSCI World Index has shown a passive 10%+ annual compound growth, net of very low fees, for you doing nothing except watching your capital double every seven years or so. Had you put your hard-earned cash in that fund in the early noughties you'd have turned every quid into ÂŁ8 today, instead of turning every quid into ten pence.
ÂŁ8 compared to 10p seems a no brainer to me, yet the optimists here blindly throw their money away on a dead duck. Why? Is there a rational explanation for an optimism that ignores past history and little evidence of ever seeing a worthwhile recovery? Just asking.
Vod should never have been selling in a downturn across Europe