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Paid 4.3 m last years and since taking over has seen the share price drop from 1.60 to current
Continually tries to ramp up poor results and gets savaged by the marketseach time there is a ststrment
With a div of 4.5p tomorrow at these levels you would think this share would be snapped up. God help us tomorrow.
Short sellers must be loving this company.
Hasen't there been enough damage done. Has a great track record in increasing debt but does that count.
There’s no shorters of any material size
Isn't the Divi in Euro cents , so about 3.5p , or am I wrong ?
I think we should expect Reid to go anytime now, has anyone got the full article without a paywall where some unknown analyst has managed single-handedly to put a share price into reverse just before a 7% divi, you cant make this company up. Everything that happens to them is just always the worse case scenario, we should be enjoying a nice now before it loses 4 to 5 p tomorrow. We should all pray to Mecca that the Arabs save us.
You are correct, time and time again it is misquoted on here as 4.5p. It is 4.5 euro cents and we won't know the conversion exchange rate till nearer the PAYMENT date
Anything can happen now I guess. Really Read should sack alot of the deadwood workforce or deliver an ultimatum like Musk about productivity. The money saved would then be used to pay down debt at the same time he is raising prices. Cutting the dividend is a red herring to suit short term trading strategies narrative imo.
Long term the regulator has to allow consolidation if it wants Vod to maintain employment levels and service the associated debt.
National fibonacci day today woohoo!!
"You are correct, time and time again it is misquoted on here as 4.5p. It is 4.5 euro cents and we won't know the conversion exchange rate till nearer the PAYMENT date"
Narcus, the policy of using the average exchange rate over the 4 to 5 days leading up to the payment date isn't a new policy; Anyone who doesn't realise such things shouldn't be investing in the first place. Also no one should influenced invest based solely on posts on sites like this, they should only trade when they've done their own research and understand the risks.
I used to work at the Berkshire HQ, before that there were 85 buildings in Newbury town centre and beyond focused purely on Vodafone. They made the decision to move to a purpose built campus consisting of 7 huge buildings. They spend a fortune make the site "blend in" to the neighbouring countryside with impressive numbers of trees hiding the site. Along comes the ludicrous government housing policy and there is a dirty horrible housing estate built on the very flood plain on the same site that nearly sunk Vodafone buildings many years back. There would then be an average attendance in Newbury of about 5,500 people. Now they have given up on 4 of the buildings and retained only 3, one of them is the centre of the Network Operation Centre so they can't easily drop that one. The staff have been told to stay permanently working from home. I live in Newbury and now rarely come across anyone working at the now amusingly called "HQ". THis company is dead in the water in Berkshire, may as well move it to Rwanda and save a few bob.
The 3uk deal will sort newbury out. 3 maidenhead office closed already. Probably like tmobile orange and the welwyn garden city campus
Narcus. You point out what vodafone's problems are down to. Government housing policy, working from home(which was originally caused by covid) You forgot to mention the Russian war, & massive competition in the mobile phone market. So why are these problems all the fault of Nick Read.? Sorry Narcus, but you just sound like a typical ex vodafone employee with a massive grudge. At least you got one thing right today, the divi is 4.5 euro cents, not 4.5p. about 3.8p I think.
Dan, The comments about the HQ were just for a bit of context, Vodafoen were nearly driven out of Newbury as the council did not want to give them a site big enough, in the late hours a late change of vote by a Lib Dem gave them permission for the greenfield site. To their credit Vodafone did an amazing job of trying to make it blend in with literally thousands of extra tress planted at huge cost. The point is a few years later it is made pointless by a crappy housing estate on the same land thus negating all the good they did and paid a fortune for. I am a disappointed investor it is not out of holding as "grudge" it is because Reid gets every big call wrong, I was there when he turned down apple
Narcus. Thank you for your reply. I still don't get why you blame Nick Read for the building of a crappy council estate? As for your comment "I was there when he turned down apple" Can you tell me please where I can find out about Read turning down apple. I can't find any info about it. Thank you.
I don’t think we can be sure of the ceos resignation but I think we can be sure of one thing and that’s 90p once this goes ex dividend.
doubling at 90and below
Mary……Don’t hold your breath then. This will drop to 91p on opening but by the end of December will be back above £1. The worm will turn.
HI Dan,
He was CFO at the time I believe and didn't fancy giving Apple a slice of revenue which was a new and previously unseen attempt by a device maker to take a cut.
I can find this in the archives..
https://www.theguardian.com/media/2007/jul/06/digitalmedia.citynews
Hi Narcus. Are you serious, July 2007. 15 years ago, Before Nick Read was even C.E.O. Sorry mate, but you must be really desperate to discredit Nick Read, by bringing that up, (apple). Come on, be honest, as a vod employee you just didn't like him for whatever reason, & It's time you got over it. A 15 year grudge. Sad or what.
Narcus.. Why should vodafone have given apple a slice anyway. Sorry, but you make no sense?
Dan, vod shares have halved in value since nick reed took over, ok i know it's all very complex, but your constant backing this guy is very strange, sorry mate but i just don't get it, if a company comes up with really good results, then everyone says what a well-managed company it is, but if it goes badly surely the guys at the top have to take some responsibility for it
Dan,
N Reid was not CEO but as CFO he called time on the Apple offer and said no. Consequently one of the most successful businesses in the world launched exclusively on O2 and Vod lost a shed load of Corporate business.
Taking a revenue cut was a new and novel way for Apple to approach the Telecoms companies. But here this, If I said to you If I generate £100 of revenue to you on condition you give me £20 would you take it? That is more or less money for nothing right? You can take it or give it to a competitor, what would you do?
Nick said this was a red line and refused the deal.
"Dan, vod shares have halved in value since nick reed took over, ok i know it's all very complex, but your constant backing this guy is very strange"
Nick Read might shoulder some of the blame, but he can't be blamed for the market treatment of the sector in general. As I've mentioned in previous posts, there's a contradiction between the narrative the market is projecting on the sector, and the private equity Billions being invested directly in Fibre FTTP and mast infrastructure through partnerships and buyouts.
The whole sector valuations are low, and consistently talked down by various vested interest market and media commentators, but I take a different view and see Telecoms as an essential industry with huge potential.
"N Reid was not CEO but as CFO he called time on the Apple offer and said no. Consequently one of the most successful businesses in the world launched exclusively on O2 and Vod lost a shed load of Corporate business."
----
Hindsight is a gem isn't it? Whether this is true or not, what's funny is that Jobs would have taken a similar decision to that of Read had he been in his seat. Apple wasn't as big of a company then and no track record of designing and supplying phones.
Do you for a second believe Jobs would have allowed himself being bullied by a supplier in a reversed role?
Even with O2's decision, look where they are today compared to Vod.
Seems to be plenty of buys waiting at 89p, will we dip to pick them up?? Great long term hold..
I’m waiting for 88p I’ve set a buy