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Vod belongs on aim
News releases and the sp gets a spike but it’s always short lived and the price continues to hit lower lows
Rinse and repeat.
I remember when the market cap was around 65/70 billion and share price was north of £2 ,What a spectacular fall due to mismanagement useless CEOs no chance of a takeover to much debt,
Jax how much are you down on vod now?
It’s not that I’m afraid
Https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.independent.co.uk/tech/vodafone-down-not-working-network-signal-internet-b2476198.html&ved=2ahUKEwinrMTiztODAxVKTEEAHSmZAmwQ0PADKAB6BAgpEAE&usg=AOvVaw1Bge3U2ovHOzw3QVOuJwGX
This might explain the poor SP performance today. The 70s are clearly too much for VOD to sustain!
Hey Jax, have you sold? Are you running for the hills? LOL😂 😂 😂
So what is this based on? do you have a link to show whats happening?
Or this is sinking hard over the coming days
This is a warning
BTC is a very handy value store. Easy to hold, easy to transport and a good hedge against the long term fall of the pound. The halving in March should see the start of the next run up over the next few years. ETF is a sideshow, especially for UK residents.
All other crypto, you do have to do alot of thinking and following regarding their eventual use case, and then you still need the use case to work. If you don't want the chase, stay away.
I'm no expert on Crypto myself; I've just looked at Bitcoin in order to understand the basics and that was enough for me to realise it's all hype. I have no idea how Proof of Stake tokens work, but Blockchains are basically databases with each entry tied to the previous entry, ensuring you can't change existing entries without breaking the entire Blockchain. In the case of Ethereum I believe they use validators who stake their Tokens to allow the creation of new Blocks.
The problem I have with any of these is that anyone can create their own Blockchain, to suit their need and there are alternatives to Ethereum, like Solana. Because Ethereum was designed to apparently run applications from the Blockchain, it's more versatile than Bitcoin. Some of the apps and developments around Crypto are probably really useful, but I don't see value in something that's easily replicated in a different form. Central Banks could create their own Blockchains for CBDC's, or the market makers could create Blockchains for trading commodities, why would they need to use DeFi Tokens when they can just create their own Blockchains and their own Tokens? One more thing, anything DeFi involves having the entire Blockchain on the internet and even though the Chains are currently secure, as Quantum Computers emerge things like store now and decrypt later might become relevant.
Fleccy
I would think Ethereum is more likely to be here to stay, and receive more development support, whilst some of the alternative blockchains may not
But as I say, I really dont know enough about it all
Poker I agree with everything you've said, I believe the US Spot ETF's are going to be used as a vehicle to pump the Bitcoin price in order to bail out over invested Whales. At the moment if the large Whales start selling there isn't enough liquidity to hold up the price, so the solution is probably to pull in new money from pension and investment funds. I just view ETF's as a way of pulling in cash, via the backdoor, from people who'd never knowingly invest in Bitcoin or Crypto themselves.
Ethereum is Proof of Stake so more geared toward centralised finance and control, but I wouldn't buy the Token itself since anyone can create their own Blockchain along similar lines. I can see a uses Proof of Stake Tokens in the DeFi sector, for things like tokenised ticket sales and other similar uses, but I'm not not sure how that translates into monetising Ethereum when alternative Blockchains can be used.
I would challenge the view that you forget the past. A companies track record is vital to consider and understand, to be able to take a view on their future.
VOD’s is not great. Have they changed enough to make the future different to the past?
Fleccy
Bitcoin is just a gambling speculative asset as far as I can see ....at any moment the whales can sell big amounts and it can drop ..it has a lot of blog,social media rampers merely trying to suck in buyers
I think if you want to get into crypto then you have to fully understand it before doing so, i.e spend a whole week and bookmark blogs and such like to keep up...
For me.. I know insufficient about it and dont feel I want to get involved .... once you buy then you suddenly get sucked into following it
I guess I would only have it as part of a managed fund with a small % of the fund ..managed by others ..I dont want to invest time on it myself
I do think the technology behind it can be useful and I think Ethereum is probably the one I would buy,rather than Bitcoin
Dan, saying that's it's disappointing to see this drop so low is not being negative,it's just the reality of how bad it has got, this share does appear to have reached it's bottom and of course i'm thinking and hoping it can improve from here, let's see what this year can bring for Vodafone
Rob, forget the past, you cant change it. Just look at the future, that is all that matters. Who knows? If you can't be possitive though, just give up & go away, why be negative?? Why?
Hi Dan, i like the sound of those night classes, think i might join you, one year ago i don't think anyone could have predicted the share price would be where it is today no matter what research or charts they use, and don't think anyone can predict where it will be a year from now either, but each to his own, there are are more question than answers with this one, maybe this will happen or maybe that will happen, sell this merge with that etc,but some people like that sort of thing, so best of luck to anyone if they think they can work it all out
Hi rob. The night classes are going fine, I have progressed from 4 pints of cider in one night to 5. As for this forum? Well what can I say. But as you correctly say, everybody is entitled to there opinion & I have never said, or suggested otherwise. I just don't like graphs, sorry, just my opinion.
"Oh dear, Garonne attempting to ramp this share with an end of year prediction. Further hypocrisy.
Please take anything this charlatan says with a huge pinch of salt."
Heh bumble,
It's not possible to ramp a stock of this size.
Spent a little too long on the aim boards methinks.
I've heard of AFC.
They couldn't score in a brothel.
Apologies to VOD posters but unfortunately I've been followed on here by an unhinged AFC poster who has seemingly begun stalking me! (I'm guessing most of you have never heard of AFC)
The shareprice has collapsed by circa 62% since 31st December 2022 when Nick Read stepped down as CEO and Margherita took over in an interim role, at least initially. Some say that she should not be called out for this atrocious performance but I disagree. The buck stops at the top, so MDV needs to start addressing this catastrophic failure or go. Maybe she could start by talking to the market to emphasize how her plan (if she has one) is going to bring prosperity back to this fallen giant. We never here anything from her in the media or elsewhere. It's an extremely poor show.
The Vantage Towers growth capital expenditure entry might be a one off in the last FY22/23, probably wont show in the current FY figures.
Vodafone's a complex beast, but the three stand out's are EBITDAal, Net Debt and Capex. Dividends are accounted for separately from Free Cash Flow and adds directly into Net Debt.
These are the entries feeding into the Cash Flow calculation:
Adjusted EBITDAaL
Capital additions (Capex)
Working capital
Disposal of property, plant and equipment and intangible assets
Integration capital additions
Restructuring costs including working capital movements
Licences and spectrum
Interest received and paid
Taxation
Dividends received from associates and joint ventures
Dividends paid to non-controlling shareholders in subsidiaries
Other
Working Capital is deducted at H1, but adds back in at H2/FY, so the FCF fluctuates synchronously with Working Capital:
https://docs.google.com/spreadsheets/d/e/2PACX-1vSNxkKmgR2PzSL1NH5uvhJAIl6TyUm-PpH2hChEFWELeB8mLB-V562E7qRdDL0lOSa8NyAUBbokBjVp/pubchart?oid=498591&format=interactive
I suspect the Working Capital goes toward paying down debt as it becomes due.
Free Cash Flow feeds into Net Debt, but separate to that these also feed into the Net Debt calculation:
Acquisitions and disposals
Equity dividends paid
Share buybacks
Foreign exchange (loss)/gain
Other movements in net debt
When Vodafone publish their Adjusted Free Cash Flow they add these Adjustments back into the figure:
- Licences and spectrum
- Restructuring costs including working capital movements
- Integration capital additions
- Vantage Towers growth capital expenditure
- Other adjustments
Overall without doing a deep dive into the segmental analyses of future required Capex and licences/Spectrum, it isn't clear how much selling assets like Spain and Italy, or merging VOD UK and Three would save on future Capex; Vodafone probably know how much difference these changes will make going forward, but it's beyond me.
Vodafone could maintain FCF if they can reduce Capex and Spectrum/licences, on the back of any disposals. Interest paid and received is less than half the dividend payout, so easily manageable. If Vodafone cancelled the dividend it would be equivalent to around Taxation and Interest on Debt combined.
https://docs.google.com/spreadsheets/d/e/2PACX-1vSNxkKmgR2PzSL1NH5uvhJAIl6TyUm-PpH2hChEFWELeB8mLB-V562E7qRdDL0lOSa8NyAUBbokBjVp/pubchart?oid=325944045&format=interactive
If I've got anything wrong, let me know and I'll take another look.
" but free cash-flow wont sustain an 11% dividend. "
yes , I think the market is already suggesting that , indicating the dividend would be cut back should the revenues drop as a result of asset sales.... The market is giving its view for the BOD to take note of, I suspect