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Rovernut,
Are you on the right share? When was it 280? I've been involved with Vodafone shares on and off for nearly 20 years, and I certainly don't remember it being anywhere near 280. I think the highest was just after it sold its part of Verizon, and that would only be in the low 200s.
I remember it hitting 399 for a short while when Chris Gent won the Mannesmann deal
MikeM14 Vodafone shares were £3.55 on 1/3/1999. & £3.05 on 1/5/2000. to give just 2 examples. Those were the days my friend. When it sold verizon, the sp was about £2.50.
Thanks danielh and Narcus for the facts. That was a bit before my time, in the midst of the "TMT" days and dotcom bubble. I started with Vodafone in late 2002.
Mind you, I certainly won't complain if we see those kinds of prices again!
ATB, Mike.
Narcus.. A poor choice of words when you say WON the Mannesmann deal. ( Narrative Reversal) The biggest loss in history it has gone down as. Some complain about Nick Read, not a patch on that balls up!
Hi Dan you seem pretty knowledgeable on vodafone what's your take on the Iliad bid?
Would be nice to stay above £1.40 - looking dodgy though at the moment
sotonspike. Thank's, but my Knowledge is mainly historical. I tend to trust Nick Read, so I think the bid is too low? However I trusted Chris Gent when the sp was £3.99 as narcus correctly stated, so what do I know? Of course, what I do think is, forget the past, look to the future. I think we could easily head back up to £2, but I am a born optimist? I think if the bid was higher, the money would be very handy for paying down debt, which I think is vods biggest problem, but I think/hope it is manageable.
yes maybe hold out for a higher bid then pay off dept as it is very high.....
how much would debt fall if iliad bid accepted at 12B euro?
Now that is annoying :(
See Paribas reduced their VOD short position on the 8th Feb by 0.39pct - telling, very telling - more shorts to close if this rise north continues that is for sure - and the best part about it is that the shorts closing only adds fuel to the buying - kerching
gla dyor etc
usual dump begining
Shouldnt eat curries this early in the day then !!!
Yep have some in my plan £2.89 from Jan 14 & £2.78 from Nov 13!
"Yep have some in my plan £2.89 from Jan 14 & £2.78 from Nov 13!"
I was invested in Vodafone, in 2013, getting in around 160p, and selling out around 220p, before the Verizon Communications deal. Although GoogleFinance shows the share price at 280's/290's around the dates you mention, I have no recolection of it getting close to that. The easiest way to check, is to look at articles around the dates in question.
1st November 2013
"Vodafone Group plc (NYSE: VOD)'s share price rose 2.2 percent to 229.45 pence Friday morning, possibly fueled by a report on Bloomberg that a potential takeover of the British group by AT&T Inc. (NYSE: T) is very much back on the cards."
https://www.lightreading.com/mobile/euronews-vodafone-shares-up-on-atandt-takeover-rumor/d/d-id/706381
"12 Nov 2013 — Shares in Vodafone, which have risen more than a third in the past year, closed up 1.7 per cent at 231.25p. "
https://www.ft.com/content/e62f7ad0-4b6e-11e3-8203-00144feabdc0
"JANUARY 27, 2014 7:35 AM UPDATED 8 YEARS AGO"
"Vodafone’s shares fell as much as 7 percent before ending down 3.9 percent at 224.78 pence as some investors had hoped that a deal process could start as early as February. AT&T’s stock was up 0.9 percent at $33.73."
https://www.reuters.com/article/att-vodafone-idUSL5N0L10EL20140127
"Tue 28 Jan 2014 19.26 GMT"
"That speculation was brought to a temporary halt on Monday when AT&T, the American telecoms group thought to be considering a bid for Vodafone, announced it "does not intend to make an offer" – which rules it out for at least six months. The announcement knocked 7% from the value of Vodafone's shares, which had been trading at 240p, compared with 170p one year ago."
https://www.theguardian.com/business/2014/jan/28/vodafone-sell-verizon-51bn-cash-shares-bonanza
I don't think GoogleFinance can deal with Consolidations/Rights Issues/etc, so it price averages rather than presenting a true historic value.
fleccy,
I think that that's a very good point you make. Producing a chart now, retrospectively applies consolidations (or splits) that didn't exist at the time. Therefore one needs to be very careful that one is comparing like with like.
My 2nd holding of Vodafone (there had been an earlier one from about 2002 which I had sold out of) started with a purchase in Feb 2006 at a price of about 124p. Then in Jul/Aug 2006 there was a 7-for-8 consolidation combined with a cash return via "B" shares. Having then built up that holding over the years, I sold out completely in Sep 2013, near the peak share price because of the Verizon sale, in 2 tranches - one was at 214p and one was at 205p (leaving off the decimals) - this info is from my contract notes. I was out of Vodafone for about 5 years so didn't take part in whatever happened next. I see now from the contract notes that the shares I sold were USD0.11428571.
In Sep 2018 I started a complete new holding of Vodafone (which I still have) buying a first tranche at 164p (leaving off the decimals). The shares had been as high as about 220p just before that, and that can in fact be seen if one creates a 5-year chart on this (LSE) site. Unfortunately as we all know, the falling knife then continued to fall, but that's another story! I now see from my contract notes that the shares I bought in Sep 2018 were USD0.2095238. So the shares I bought in 2018 were of a very different "par value" to the ones I sold in 2013 - there must have been one or more very significant consolidations during the 5-year gap between Sep 2013 and Sep 2018. Not being a VOD shareholder at the time, I didn't watch the corporate developments too closely.
This probably goes to explain the much higher peaks that people are mentioning, than the ones I remember from the time.
Anyway, enough of history, "we are where we are now" and let's hope it continues to improve.
ATB, Mike.
"This probably goes to explain the much higher peaks that people are mentioning, than the ones I remember from the time.
Anyway, enough of history, "we are where we are now" and let's hope it continues to improve."
Yep, even the London Stock Exchange is rubbish at historic charts. My personal opinion is that VOD will see the 220/230's levels again, which is what I'll hold out for, collecting divi's along the way.
fleccy. Some of the google london stock exchange historic prices are complete nonsense. I have records of all my vod share dealings going back to2013 & also some sp records from before 1999. The vod sp on 5/3 14. about 2 weeks after the verizon sale was about £2.48 , & the sp peaked at about £2.50 before the steady fall. Yahoo, has more accurate historical sp prices, but some are still wrong. Yahoo does correctly give the sp on 5/3/14. as about £2.48. Why do I remember that date? Because I ploughed all my special divi from the verizon sale back into vodafone? More fool me? But as fleccy says, enough of history?
Unloaded all my Vod shares at 1.39 and changed into USD and invested in Google the other day at under 2800. Goog in 18 months probably 25/30 pc higher after share split, if a bid or breakup doesn’t materialise for Vod it’s back to 1.10. Vod and BT carried high debt becos historically they had better profits, they have had their profits “ regulated away “ from them especially in the U.K. Vod deals always seem to be capital destructive and the management is pretty poor, obvious now the only thing holding the share price up was the dividend, when that was cut the share price cratered, and it has little to no growth. The problem with this U.K. dividend dross is the epic levels of debt, rising rates are going to ratchet up costs and in BT’s case they are basically a giant pension deficit with telecom attached. Owning this stuff is terrifying, there is a real chance with it that it ends up with suitors walking away, riddled with debt, capital raises, dividend cuts and a sub quid price tag. The ftse 100 now only 600 points above where it was 21 years ago, it’s pretty dire, why? Becos its full of stuff like Vod, Lloyds, BT, and “ other assorted dividend or ex dividend rubbish “ as Terry Smith describes it.
Porsche, agree generally but short term, for example, someone bought 170m at c138 on Wednesday. I am just following the money and top slicing. I wont be following it down to 110 ' if a bid or breakup doesn’t materialise'!
Google is a great company so good luck.
Hello Android, You say you are top slicing, but how do you know what the top is? Are you selling today? Isn't this all just a load of crystal balls? Good luck.
Dan, 'how do you know what the top is? Are you selling today?'
Not selling today. As Frankie says 'shooting stars never stop, even when they reach the top'
Recently added 7,583 Vodafone shares today, around 138p.