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Well same old rubbish coming from Nick - he has been saying exactly the same thing for the last few years - just says what he things the markets wants to hear . No doubt he will still be saying it next year if as Dan says he is still around !!!! - markets have shown what they think and we will probably just slowly decline from here yet again .
Dan, I will leave you to analyze all this stuff from today, and just tell me is it going up or down from here
I find it amazing how someone can have a long career in a company like vodafone & then retire with a nice pension?, & then spend the rest of there retirement moaning about the company & it's management, that he owes his living to. Not even a shareholder any more. Oh, sorry, 1 share! Perhaps we should all feel sorry for him? It he wasn't so annoying?
Hi Rob. I have just come back from my in depth analyze's, & the answer is? Wait for it--- I haven't got a clue, but nor has anybody else on this forum, So I think I will just leave it to Nick Read & his b.o.d.. or would you prefer Mikey perhaps?? Sorry to Iggy for all the ?'s but none of us know? & at least now Iggy Knows what ? means? But of course rob I thought it would have gone up more on Monday, & I will say hopefully,up from now on? Cheers Amigo.
Hi Dan, Thanks for your honesty and your analyses, very well done i think, and it is what it is, so whatever direction it goes will have to try and make the best of it, I currently have one car crash of a share, that is Saga, not sure there is anything i can do about that one ? as for the rest, all of my other shares will move in and out of profit at various times of the year, and that is exactly what i am trying to achieve with all of them, so will have to try and work out my best options with Vodafone to get it in the same situation, that is collecting dividends and not being down on the capital, but fingers crossed it will be kind to us in the coming months ? ps. hope i don't get the ? police after me
best of luck
Hi rob. Sorry to hear about saga, I thought about buying when they were floated many years ago, but glad I didn't by the sounds of it. I think the point about Nick Read though, is that if he has let vod down over the last several years(debatable)? then that is history, & to sack him now, is to shut the stable door after the horse has bolted. So it is the future that counts, & I think he has a lot of support lately from those who believe in merging with others,( his policy), which is proving to be very challenging. Just sacking him as some kind of punishment is a bit futile, surely? Unless you are an ex vod employee with a massive chip on your shoulder perhaps?
Dan, I just take things on face value, if over several years I'm seeing growth on my investment, my opinion would be it's a well managed company, if on the other hand it's losing value i would be thinking the opposite, obviously their are many reasons for that, and i doubt anyone outside of the CEO's office has any idea of the real reasons, maybe bad management decisions, or maybe things beyond their control, , but if like myself you have lost money on you capital over the last 5 years, I don't really get why you are so supportive of them either, not knowing the real reason for the drop in the share price i think i will stay neutral on that one, unless of course they can prove themselves by providing value to share holders, time will tell on that one
Hello rob. Well 1st I agree with you when you say maybe bad management, or maybe things beyond there control. What I don't get is why you keep saying I am supporting Nick Read, just because I don't keep banging on about sacking him all the time. As iv'e said many times, no point sacking him unless there is someone better to replace him. Besides he does have a lot of support from cevian & and the Arabs & I think they probably know better than you or me? So shall we move on from that one? As for your rude suggestion about Mikey, even I have never called him that? Have a good day.
Thank's rob, what would we do without you? You should get the job of speaker in the the house of commons? Order. Order!!
Mikey & Daniel, can you just swap mobile numbers (VOD I hope) & then you =can both text your insults at each other & leave this board to what it is supposed to be.
It would save ALL the other readers & posters on here reading your sh i te.
I just hope that 'e&' don't decide that they have brought a kipper & sell their holding of almost 10%, that would bring us under 90p for certain.
Here we go - the yanks are taking us down again - maybe Read is part american !!!!!!!
The results seemed ok, so why is this still dropping, any ideas
Easy - the markets have no confidence in the muppet who is running the Company and his constant under delivering in his words he says every year at results . Debt is rising not falling - he constantly goes on about getting value for shareholders - hahaha - worst investment E& ever made !!!!!
Three reasons Rob, debt, debt & debt as Mikey correctly says it is still going up.
Perhaps four reasons as VOD need to shell out much, much more on upgrades etc every year just to stand still so very probably more debt. Proper investors just have no confidence in VOD apart from those lot who just brought nearly 10% at almost £1.30.
We have to ask ourselves why & why at that price, perhaps there is something in the offing or perhaps they just had too much money floating around. Time will tell & if I know VOD that will be a very long time.
" Time will tell & if I know VOD that will be a very long time."
That's your problem Gary, you know absolutely nothing about VOD.
Gary. Fair point, Even I recommended your post.(your 1st post that is) At least you have a sense of humour. Have a good day.
Hello fleccy. You sound a bit rattled today. unusual for you. What do you think about vod's deb't? Is it manageable? You did mention 8 years for vod to turn this around in an earlier post which is a bit worrying I think? I don't think the average vod shareholder has that much patience? Cheers mate.
"Hello fleccy. You sound a bit rattled today. unusual for you. What do you think about vod's deb't?"
Not rattled, just been roasting in this hot weather. I don't like Debt, but Vodafone has carried a ton of debt for years. If they wanted to go debt free, they could have done that when the sold their share in Verizon Wireless. I'm not sure why Telecom companies like to carry debt; They don't need to carry as much as they do, as they could focus on debt reduction using their profits, possibly at the expense of the dividend. It must suit them to carry the debt, otherwise they would reduce it, an accountant might have a good idea why.
I think the 8 years was in reference to Telecoms in general, with moves to 5G/IOT/FTTP. I said 8 years as companies like McKinsey reckon on multi Trillion Dollar revenuse from IOT by then.
"By 2030, we estimate that it could enable $5.5 trillion to $12.6 trillion in value globally"
https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/iot-value-set-to-accelerate-through-2030-where-and-how-to-capture-it
That will be spread across multiple industries, but Telecoms should get a good cut of the profits imo.
Hi fleccy and any others, so if the debt is not the main issue here, what do you think the reason is for this going back on the famous ski sope, as it's looking like it's heading in that direction right now, cheers guys, think we would all like all your thoughts on this
Lots of reasons this is tanking - I’ve been posting them.
Macro economic situation is dire. Inflation running hot and yanks are hiking up rates to try and control it. The chairman of the Federal Reserve yesterday said that basically they are going to keep rising rates until they get inflation under control, even if that means putting the US into recession. Markets didn’t get it yesterday but they have today which is why the US markets are tanking, and where they lead we follow.
The situation is worse in Europe as inflation is just as high, but 60% of it is rising energy costs, so raising interest rates will have limited effect, and besides Europe (where VOD derives most of its income) is already teetering on recession because of the Ukraine conflict. UK is some where in between the two and has more scope than Europe to raise rates, but nowhere near as much as the US. The governor of the Bank of England said almost 2 weeks ago that we are facing hyper inflation we can’t do much about, and a recession is looking likely, but again the magnitude of those comments still hasn’t sunk in.
VOD does have relatively stable income streams which they are trying to increase to keep up with inflation, but they have rising costs as well - everything from energy, wages and material/construction costs for the 5G rollout. Their forecasts in the results this week was for increased turnover, but flat EBITDA and slightly reduced FCF as the higher cost of borrowing and capex slowly kick in.
The dividend is safe for now but won’t be increasing and neither will profits. Bond yields are rising and it won’t be long before you can get a guaranteed 5% income from investment grade debt, so why on earth would you hold a share to get a 6% dividend yield when that dividend could be cut or stopped and there are significantly higher risks to your capital.
The UAE do indeed have money to burn and have been buying anything at any price for years, so I wouldn’t read too much into that.
VOD declined offers a few months ago as the price wasn’t good enough, and there’s no way in hell those offers are going to get any better from any shrewd investors / companies as they’ll be keeping their powder dry for potential fire sale bargains.
So the macro economic picture is rubbish and now results are out and there’s virtually no chance of any juicy M&A happening, I’m not really sure what could drive the price up in the short term, although ex div day is going to be a shorters wet dream now most of the upside risks are off the table, and they will be targeting £1 a share at least.
We are all entitled to our opinions about what might happen in the future, I’m just explaining what’s happening now.
Markets move in cycles, and right now it looks like the only cure for high inflation is a recession, so be prepared for that eventuality.
Hello compound. Great to have your input? But do you actually come up with all this yourself , or just uplift it all ? Sorry mate,but if we all just uplift stuff we will get nowhere, just one uplift against the other? How long did it take to write that? Reading it was a marathon?
“That's your problem Gary, you know absolutely nothing about VOD”
Fleccy - Some posts on here are tinged with irony, tired irony from long suffering VOD holders.
The thing is mate one has to possess a certain amount of intelligence to understand irony … you obviously don’t get it but never mind.
All original content Dan. The numbers and information are all out there in the public domain, you just need to find it. If you tune into Bloomberg or CNBC you can listen to what the policy makers are actually saying, which is usually the biggest driver in the markets, although the reaction can often be delayed.
Financial ‘experts’ invariably have a hidden agenda and financial journalists are far more clueless than you could possibly imagine, so I wouldn’t dream of cutting and pasting any of their work.
Just trying to help people put things into context. Many moons ago I frequented boards like this and got sucked into the euphoria on various boards instead of learning and ended up losing money. I then learned how to do it properly and spending time writing detailed posts is just my way of paying forward, plus it can help me clarify my own thoughts.