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Yawn, when can I finally top up in the 50s jax? You have been promising for ages.....
Have you sold your shares yet or are you still loosing big time on vod?
Vod the sick man of Europe
Or is that Germany
Dan, you do whatever you want mate, i'm just saying i would prefer people just said what they really think about this share, whether they think it's going to be a worthwhile investment in the near future or not
rather than just wasting their time on a few people who are obviously just trying to wind everyone up, surely nobody takes them serious anyway, it sure would be nice to see this moving up though, it just seems to be getting left behind now
Keep the bathroom clear grandma, this is about to collapse
Tin hats at the ready
Happyzone. Love your rap, but I think we all know by now Gutter has a mental problem.
Stevebt. If the updates are good, the sp is likely to go up, if bad then down, pretty obvious really?!
Steve tb, I is finking it is goin downe unfortchenately
With all the talk of recession in Germany, which of course is one of VOD's main markets, it's difficult to be optimistic steve. Given the recent poor shareprice performance it's unlikely to go up unless the results and outlook are better than expected. My expectations are very low.
What's peoples opinion on the direction this share will go on Monday? In recent times updates good or bad for all shares only tend to go one way and thats down.
Rob. Nobody is calling anybody an idiot for saying the share price will go down, why do you keep saying that?. We are calling them idiots for talking complete repetitive & sometimes illiterate rubbish. Of course the share price can go down, I have never called mole-man an idiot. We all know who the real idiots are.
It be fallin down hard.
We is al gonna loose our shurts on this wun...
Thanks Beo for your well informed opinion. Let's hope that we turn a corner soon and fingers crossed that the tie up with 3 gets the green light. Good luck in any case.
Sorry should add another CON
Spain & Italy disposal's whilst being able to accretive to the ROIC. would limit the markets for Vod to achieve growth. And the SP is all about what growth and future prospects look like
Me personally, Yes
Pro's
Q2 showed growth in the headline numbers, albeit on fewer customers.
Lower Net Assets was a cyclical thing. H2 will show this and show a material YoY reduction
UK Merger should improve ROIC - thus improving FCF
Spain Disposal should improve group ROIC - At the moment this is below cost of capital - thus a drag on the FCF. Removing it, whilst reducing our EBITDAaL will improve our FCF, as at the moment for every £1 we spend on capital we are returning less than this in FCF
Italy disposal / merger - exactly as per Spain.
Reducing the cost base - still in motion here.
CONS
High Inflation - cost base continues to rise, whilst we can capture this in Yield - it will impact our subscriber numbers
Dividend cover, whilst I believe FCF improves, with all the above, the impact on our EPS will reduce (as some of the cost of capital is equity which is after EPS). so therefor our Dividend cover reduces. with Dividend cover already close to x1 this does scream out dividend cut which could hurt the SP. But hopefully economies of scale via UK merger / Italy merger will mitigate to some extent
So yes i think there is more Upside that downside at this point in time.
Happynoze, I is very pleesed to sea that you has wrote a song for me
I'm sure that's not helping Beo. Incidentally, do you see any prospect of a recovery here in the near future, bearing in mind we have Q3 results next week?! Thanks.
For me, the drag on today's SP looks Vodacom related IMO. Down nearly 4% and considering we are the majority interest there and any drop in the Market value means a drop in the value of our Asset its got to have some impact.
Makes sense Beo but the SP hasn't recovered since the Ex Div date. The perception that it's unaffordable I feel is putting perspective investors off as they fear that by paying out this money VOD risk causing more capital destruction, to the extent that it outweighs any benefit from the dividend. You'd think having an 11% dividend would attract punters but clearly the reverse is happening.
You do know, that the physical payment of the dividend shouldn't effect the SP. Its the Ex Div date that creates the liability. EG the point it goes as a credit on the VOD balance sheet in the current liabilities. The payment just credits bank and debits this already created liability. In fact the payment could theoretically increase the payment as a decent amount of people will buy more shares.
Back below 70p. It seems to me that paying the dividend is so capital destructive that it's become completely pointless. We'll get the money on Friday but that will only serve to reduce investors' overall losses. Maybe if the dividend was suspended completely the shareprice might recover as debt reduction could then be targeted more aggressively. Just a thought. I'd gladly trade future dividends for a shareprice above £1!
Persimmon!
oh dear guttersnipe, not what you predicted, again.
i figured that as you can't take the hint from many on here, i'd write you a rap, as that's probably more your level.
sitting in his armchair spinning his vibes
thinks he's the whizz of the ft tribes
thinks he's sharp suited and snake skin booted
sitting unwahed in is grandad's pjs he looted
polluting chat rooms with his mental drivel
blind to all those who raise a finger for him to swivel
predicting the future like a footsie fool
riches he dreams of that make him drool
but those with insight know he ain't right
wasting their time late into the night
who is the pedlar of this **** tripe?
the one and only deluded guttersnipe.
damn, i hate not having to work...too much time on my hands.... 😀
Robleo, the divi might be what gets me my entry around 65 or lower. That might be 'hollow' win if the SP doesn't fall further thant he 4.5p.
We’ve listened to you Gutter 🥳🥳 and now the tide has changed, we’re Moving On UP 🤸♀️🤸