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Anyone know what's driving todays nearly 4% drop?
It's the same CEO as yesterday, so I'd suggest today's drop is something else.
Probably the 3 deal running into trouble with the M&A investigation or maybe the Swisscom deal has fallen through. Whatever it is it'll be down to poor management.
Garonne
According to a puff piece in the FT she's 'eliminating the macho culture in what has always been an old boys club'.
Working at Vodafone now feels much more 'inclusive' whatever the fck that means. Don't suppose the 11000 staff she's sacking off feel very included.
She'll slope off with a few million in the bank to go and sort the 'macho culture' somewhere else.
Make money, make a profit, everything else follows
A bit more machismo is badly needed here not less, Richie. Someone to make bold decisions and not take an eternity making them, would help. VOD is in crisis and should be focusing on improving shareholder value, not indulging in wokery!
Just sell your shares Garonne if you don't believe in the maagement. Its so simple!!!
Post on advfn explains. Taking on debt to roll out 5G in India.
Behind the game over there - can't help feeling g throwing money at lost cause
You're a strange fellow avocet to be so concerned about my Vod holding. I suspect you don't own any Vod shares, which is why you seem so unconcerned about the diabolical SP performance.
Not sure why this would cause VOD to drop 4%, even if the new money was split entirely between the two original promoters Vodafone's share would only come to around $650 million.
https://www.zeebiz.com/markets/stocks/news-vodafone-idea-share-stock-price-slips-3-on-bse-nse-telecom-firm-1-billion-equity-commitment-investors-279988
I can't see it being VIL as nothing has been announced. India holds 0 value to Vodafone, so they can't realistically borrow more money against the asset either.
The announcement so far states there will be a shareholder meeting and that promoters will participate in equity raise. As India is worthless to Vodafone's I suspect that they will cede part of equity to Indian state rather than transfer cash or borrow money (e.g. dropping from 33% to 25% ownership).
Garonne, your daily suffering is so easy to fix by selling. But you won't sell, you prefer to suffer. It's insanity.
I don't suffer because I am going to hold these shares for the next 20 years so daily, monthly and even annual ups and downs don't bother me. But you are looking at this daily. You should not be investing. Stick it in a savings account where your capital can't go down .
Garonne, some people will never accept that they have made a bad investment and they are losing money, some long time investors,myself included just keep on telling them selves this will get better, but unfortunately instead of getting better it has kept on getting worse year after year after year, I really don't know where this one is going, I'm not sure you can point the blame on any CEO, the reality is it's just been a bad industry to be invested in, maybe because of the expensive infrastructure costs and the fact it's a very competitive market, not helped by inflation and higher interest rates
The only thing i do know for sure is it hurts having to sell at a big loss, I really wish i knew what to do for the best with this one, my biggest fear is if i sell the share price will rocket
Lol avocet. You really do talk s***. 20 years lol. It's been going down for a decade. Some thought, including me, that it had to turn but that has not been the case. I've cost myself thousands in paper loss here so far and it really looks like that's gone for good as Margherita is clearly out of her depth and seemingly incapable of increasing the SP. Can it stabilise? Let's bloody well hope so.
I'm in the same boat Robleo so feel your pain. I invested here to get a good dividend income for once but that was obviously a huge mistake. In fact as I used funds from selling RR to buy this dog, I would even describe it as a catastrophic mistake! One keeps hoping that it'll turn but there's never any positive news to make that happen. I mean the BOD don't even buy shares, which reduces confidence further. Coming up to retirement it's frustrating to watch one's investment getting significantly reduced. Let's hope something changes here for the better and soon! Good luck anyway robleo.
This Vodafone bond has maturity 2079. Its price has not moved today.
https://www.boerse-frankfurt.de/bond/us92857wbq24-vodafone-group-plc-7-19-79
The long term Vodafone bond with the worst performance I could find matures in 2053 and is also denominated in US$. Its performance today was -0.33%.
I don’t know why the stock performed badly today, but the reason does not seem related to the long term viability or profitability of Vodafone.
From may of last year https://www.telecoms.com/ai/vodafone-sees-no-remaining-value-in-indian-operation#close-modal
Not sure Vodafone will commit anything if that’s the reason for the drop.
Vodafone needs someone like Tufan is for RR, who is not afraid to make tough decisions and make business more efficient.
Curtin the Bond with the maturity date of 2079 is actually a Hybrid Bond with a next call date of 04/01/2029, Vodafone will more than likely pay off that particular Bond in 2029.
Making tough decisions to make the business more efficient?
Like selling of unprofitable parts of the business? Just an example, Spain and Italy? Yes, management should really look into that.
Garonne. I could feel your "pain" whilst reading your post. I'm also deep in the red having an average sp of 189p from years ago. Don't kick yourself too much, we all make mistakes !! It is surprising that the BOD aren't buying shares I admit. We need to give the new CEO a chance and I still have confidence that VOD will get back above 100p (average sp target is c 93p on Bing) in medium term. They need to get rid of non-core and less profitable assets, aggressively cut costs and concentrate on their strengths, not exactly rocket science !!
I’ve got 11500 shares from 2016ish and god knows what my average is, somewhere around £1.90. I’m about 12k down (7kish if you factor in divs). 9 years to make that back on divi income IF the dividend stays at current levels snd assuming SP doesn’t drop further. Is this a lost cause?
Thanks for your empathetic comments Clued and commiserations for being so much underwater with your VOD investment. I hope your £1 plus prediction does materialise as a result of efforts being made to focus on core, profitable assets. You also make a good point about all of us making mistakes with our investments, which has cheered me up, so thanks and good luck to you Clued.
Robelo and Garonne , "Things can only get better unless of course they get worse" to quote Joseph Heller from his book 'Something Happened'. For long term holders like myself who bought in when the share price was north of 120 and wondering whether to sell, that ship has sailed. My thinking now is that the risk that the share price will dramatically decrease further by say another 20% in the next couple of months is quite low unless you are of a mind to think Vodafone is going bankrupt, whereas I think there is a much greater likelihood that the share price will be worth north of £1 in the next two to three years when everything is 5G. Shorters and high frequency traders are having a significant influence on Vodafone's share price bouncing around. I am not against shorting as it has merit when shares are over priced. However, what I do not support is those investment banks, hedge funds, and institutional investors that use high-frequency trading strategies that allow very short time-frames for establishing and liquidating positions. What I would like to see is the government do the following:
Firstly, you only pay commission when you sell shares, so no commission when you buy shares. Years ago there were toll booths at both ends of the Sydney Harbour Bridge until Edward DeBono pointed out that 99% of cars that drive into Sydney over the bridge leave the same way, so you only need to collect the toll at one end not both ends.
Secondly, the commission for selling shares should be on a sliding scale depending on the time you hold the shares. And furthermore, if you hold the shares for a year or more then there is no commission when you sell the shares, whereas if you hold the shares for less than three days then you pay a hefty commission and a tax of 75% of your profits. This, I think would severely curtail investment banks, hedge funds and institutional investors establishing and liquidating positions in a fraction of a second.
Anyway time for a hot minced π
Margherita.dellavalle@vodafone.com
Email
Shares down almost 40% since her appointment. Not good enough.