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I saw Italian bonds rose. Must mean that economy is on the up? The timing of that sale..
When vod hits 100p I’ll be selling up faster than you can say jack flash!
Vod closing Sp 15th March 69.85p
Exil / Seahorse 70p winners
Booboo 76p
KiwiTwo 74.9p
Unlucky9 120p
Jesteh 74p
Lawrence 77.75p
Freedom 102p
Newsid 73.6p
Darthtrader 73.33p
AbjectP 72p
Beo1 74.20p
Garonne 90p
Tars 83.14p
FredRubble 69.69p
Talatum 71.50p
Goatie 72.22p
Curtin 73p
Roofer 70.95p
Atb
It actually works out at 0.86p a share
19,045,220,000/(27,079,994,208-5,000,000,000) = 0.86
Alternative is that company is then valued at 16billion and share price remains the same.
It doesn't matter how you spin it , todays market cap divided into 5 billion less shares in the future equates to £1 a share .
Hopefully this will start pushing towards 80p by next week, need something to get this moving
Triple Witching
Accolade this week goes to joint winners, Exil and Seahorse by the tightest margins well done
Vod closing Sp 15th 69.85p
Speech Speech
Full list will follow Enjoy your weekend Atb
Massive volumes traded today
Well done to all the lth's on here today - maybe a corner has been turned - I was watching the live ticker during the last 10 minutes of trade on IG Index and it was positive momentum into the close - I am wondering if there is anticipation or indeed knowledge of some possitive press coments over the weekend?? - good weekend all - as I am now back in the black with VOD an extra g and t for me and Mrs C before dinner tonight is in order -
It worries me that the US market seems to lead the Vod price action as there appears to be shorters at work over there dragging it down more often than not with today being an obvious exception. Let's hope we can keep positive momentum into next week, US market permitting. Long-term holders deserve a lot more than 70p!
Just to add, I also ignored stamp duty.
poker it was just a back of a *** packet calculation, based on the dividend rebasing to 4.5 eurocent and buying back €4 billion worth of shares at around 70p (82 eurocent); it also assumes that vodafone wont increase the dividend. of course there are variables that i ignored, like the share price increasing and reducing the number of shares purchased.
€4 billion/0.82= 4.878 billion shares purchased/cancelled
4.88 billion x 0.045 eurocent = €219.512 million
Pc
''the div bill is normally determined by the dividend policy regarding % of earnings ''
9 cents as a percentage of earnings? would have been at 9 cents for 5 years
Money allocated to dividends will be presented on a per share basis.
Reducing the share count will allow the per share basis to be increased if that is what is decided or monies saved on the reduced share count could be redirected toward debt reduction or investment - time will tell (post 2025).
" and reduce the overall dividend bill "
fleccy,
the div bill is normally determined by the dividend policy regarding % of earnings .....the number of shares just determines how much of that bill each share is apportioned ....merely give each share a bit more from a smaller earnings pool as a result of (negative )lower fcf earnings/ (positive) fewer share combination
lower div payments than before but that is due to the initial lower cash flow in the first place , so not a saving as such
Flec
Yes, an excellent return on investment. Shareholders of course will also win with asset value increases if shares were having to be bought back at a higher level
Buybacks should increase Earnings Per Share and reduce the overall dividend bill; If the share price stayed around current levels over the buyback periods, which I doubt, then Vodafone could probably buy back around 4.9 Billion shares, saving a further €220 Million per year in dividend pay outs upon completion.
Not forgetting the 9 cents per year from past years of course - hope you did so at low priced levels
T
''if you want to use your dividend money to buy more shares that is you choice.''
Yes you can buy more with your 9 cents per share dividend in 2024 and every other following years that dividends are paid
Resistance at 70p gone now. 80p by nextt friday
Personally I would rather see the money used for dividends or debt reduction than Buybacks, if you want to use your dividend money to buy more shares that is you choice.
Going off the data €5.504555 Billion is already past Next Call/Maturity date, but still showing on the Vodafone Bond debt page. I suspect the debt up to the 30th Jan has already gone but wont disappear off the page until Final Results in May.
" If they pay down the debt as it matures, without refinancing, they could reduce their Bond debt significantly over the next two years."
Fleccy
I suspect they may back some early .....their aim is for a net debt/net EBITDA ratio of 1.8 from the remaining assets
So worth around €1.5b extra taking into account there may be a reduction. I don't think its been mentioned before today