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September and October almost here which usually means a correction.
Captain Jaxi50 is rarely wrong.
Heading for the 60s and then on down.
You do make me smile :) You and jax are pathetic.
Your 60's are looking more remote than ever, let alone 50's.
A strange day of bad news is good, as weak economic data stateside suggests rate rises may pause. Housebuilders and the likes of VOD tied to exchange rates, rose over here in sympathy.
Avocet. I think we should re name them the chuckle brothers , if you remember them. Nobody knows which way the vod sp will go, but we of course think upwards. Being negative just for the sake of it is not very clever, is it?
House builders rose as government dropped EU legislation
Come on Avi mate everything was up today
Vod had a sympathy rise off the back of it and whilst it’s welcome the rise had zero merit attached to it
Spoke to a broker today and European telecoms are on the watchlist.
Was that the short watchlist
Jax, when 60s please. Have cash to plow into VOD.
The only way we can silence jax is for him to be proven wrong by a steady rising share price, let's hope that can happen
Rob. I think you are missing the point. jax doesn't know which way the vod sp will go any more than you or me. The reason he is wrong, is because he thinks he knows it all. Just like a school child that neads to grow up.
Sorry, needs, (before I get the spelling police on me)
Dan, i guessed that, my own feelings are that we will not see much gains from shares until inflation and interest rates start dropping globally, and can't see that happening this year, but who knows what can happen
Oh no, oh dear jax. This is terrible for you. Its just not going your way is it.
And you have gone all quiet on us. Why, I wonder?
Please don’t gloat when sp is on the way up. It can easily backfire.
Just hold tight and enjoy the ride. Am heavily into Vodafone and waiting patiently for £1.
Let the derampers say their piece. It doesn’t affect the sp.
Good luck all
Good to see it rise a little, anyway why would jax care about the SP one way or another he doesn't hold any shares.
This is like the last mini resurgence
Then it dropped even harder
Just saying
I think we've got the stirrings of a recovery. Let's hope so anyway. One thing's for sure, the SP should never have been this low on fundamentals alone. Onwards and upwards 🤞
Declined in tandem with FTSE100 Jax. Nothing to do with VOD.
But guess what, another up day. Plenty to follow.
Imo the next results will be better news. It will pull all the rate hikes across all territories and start to show the payroll reduction. Also as prior CFO she will now how to present a set of accounts to the market. UK looking cheap to the rest of the world atm and they’ll all be back at the desks next week keen to earn some money!
Avocet v/s jax. Latest score, advantage avocet, jax to serve! Probably another double fault?!
What value the big money assigns to VOD when they return to desks is really going to rely on what earnings growth rate they can plug into their DCF models.
VOD really need to show how earnings can grow. A one hit from inflationary price increases won’t convince. The big money will just worry they will lose market share.
The value they assign also depends on what bench they compare to. The risk free return from bonds and other sources has risen considerably. They will want a handsome margin of safety to hold VOD.
Just trying to explain the apparent lowly SP may not be that low when compared to alternatives. A key reason why big money is not piling in driving up the SP.
VOD need to prove a high earnings growth rate to convince price moving buyers.
Mole_man, clearly Vodafone wont grow revenue much from here, they need to focus on debt and capex reduction in my opinion.
Capex is clearly the largest deduction from EBITDA and the largest reducer to Free Cash Flow, followed by Spectrum and Licences in FY23, but that may reduce in years to come. On a yearly basis Interest received and paid is another significant reducer, around €1.1 Billion per year currently ; Dividends are separated from Free Cash Flow and accounted for as a deduction in the Net Debt calculation.
The Vodafone UK/Three merger, should it be approved, will initially impact the Revenue and Net Debt figures, and if I'm reading it correctly Vodafone will eventually take full ownership by allocating new Vodafone shares to Three's owners.
Vodafone is quite a complicated beast, maybe a thread should be dedicated to the Financials so they can be discussed properly? There may be a few accountants who read these threads, I'd be interested to read an opinion from someone who actually knows what they're talking about, I'm not an accountant so I don't include myself in that.
Fleccy, there has been plenty of accountants invested here over the last 5 years, and most of them as far as i know have lost money here just like everyone else, if you lose more on your capital than you get back on dividends, it's pretty obvious it's been a bad investment, the only question now is can we recover some of them losses from this current awful share price, hopefully we can get back a£1 at least without having to wait another 5 years