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I am not an expert in this field. I don't pay much attention to the technical things.
I only watch the SP goes up and down all day.
So, no comment from me here, mate. hahahaha
"Oh, and meshtrader, since you are a diehard supporter of VOD, and I am a non-believer. So, you tend to see things differently from me. hahahahaha"
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How do you see today's volume compared to that of yesterday? How can such quantifiable number be subjective?
Oh, and meshtrader, since you are a diehard supporter of VOD, and I am a non-believer. So, you tend to see things differently from me. hahahahaha
Well mole_man I know, but at least everyone has benefited from the sharp rise though.
Don’t you mean congrats to the few people who made their first purchase yesterday and also sold out this morning?
With every share purchase since 2011 including divs underwater, it’s a stretch to congratulate all voders.
Jax - actually you are slightly right ! But look a bit further back and KDNC is a train wreck but technically you are correct.
B&M? I bought some when it dipped to 558 yesterday. Now it's back up to 571 or so. Maybe I'll take my tiny profit after my lunch. Hope there will be still some for me to take by then, lol.😂😂😂😂
"It's an opportunity for someone to get out alive or making a little profit. Provided that they get out before the downward trend resumes."
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Utter nonsense. Have you checked today's volume? What was the total volume yesterday?
Sorry, but you have no clue about TA.
SIDI, if this is a dead cat bounce for Vodafone you could say the same about B&M. Personally I view retail as more risky than Telecoms, especially when it comes to the bargain basement retailers.
Yes robleo, I have no losers today, all blue. This must be a record! Oh, maybe I shouldn't said it too soon, hahahaha 😂😂
Sidi, a good day for all shares today, as I'm sure you have noticed and not before Time, I think we all deserve to be rewarded for our patience, let's hope we can hold onto it and continue in that direction, best of luck
'Need to touch 70p'
Todays price is ex div c.3.8p. Been visiting 70p/71p a few times this year. Possible div cut but possible interest rate cut too. Net positive imo
Yes fleccy mate, I know what dead cat bounce means, lol.
It's an opportunity for someone to get out alive or making a little profit. Provided that they get out before the downward trend resumes.
Lets not get too much excited when market is at super high.. Real test will be when Vodafone rises or at least holds when market enters into correction mode. Need to touch 70p t before we can call bullish run..
All the best..
What was the point of writing that, your not going to invest who cares
SIDI, you should look up the meaning of a dead cat bounce: Good for traders, not so good for long term investors.
You have got your dead cat bounce at last. Long may it continues.
NOW is the time...well...when it hit 65.05 but you can't have it all....the market is manipulated and as another poster said Rolls Royce is a good example...I see a takeover offer for several Telco players...Spirent being another
VOD net assets c£60bn looking more attractive today after FED. Eyeballs down for BoE et al
Yepp looking good.
What the Rolls Royce story does highlight is the market's hatred of dividends, since they blackmailed RR to drop the dividends as a condition of supplying loans.
Here are some of the articles around the RR drop to 39p in October 2020:
"Rolls-Royce shares hit 17-year low after it reveals £2bn cash-call"
https://www.theguardian.com/business/2020/oct/01/troubled-rolls-royce-reveals-2bn-cash-call
"Coronavirus: Rolls-Royce to raise billions in Covid-lifeline"
https://www.bbc.co.uk/news/business-54367717
Then in October 2022 when it was around 70p:
"All in, the leaner organisation has shown signs of strength. Two years ago, the group saw £4bn of cash walk out the door, last year that fell to £1.5bn and at the half year mark it was in touching distance of break even. Barring any significant disruptions, the group is on track to be free cash flow positive this year. This should help debt make its way lower and would go a long way in restoring our faith in Rolls' ability to stand on its own two feet."
"Rolls is also barred from paying dividends until at least 2023 as part of its loan terms. Even without that red tape, the group couldn't pay a dividend because it's sporting a negative equity position - meaning liabilities outweigh assets."
https://www.hl.co.uk/shares/share-research/202211/rolls-royce-on-track-for-full-year
So RR weren't even allowed to pay a dividend until this year, Vodafone hasn't had loan constraints on condition of stopping dividends. I'm not saying RR are a bad company, they are a very good business but they are treated differently to Telecom sector companies and that is reflected in the current P/E. It's all about the narrative, with the market writing the scripts to suit their own vested interests; At some point they'll have to change the narrative around Telecom stocks, since the World is now as dependent on Communications as it is on electricity.
There’s reasons for RR’s inflated price . I sold at 290p but put it elsewhere which has much lower valuation.
There’s reasons for BT being suppressed but I can see a reduced capex future and a reason to hold shares in a future cash cow.
I hold Vodafone shares but I can’t see what they will do that will cause a catapult in fortunes? Rolls yes, bt yes, but Vodafone, not so much.
I need to correct something in my last post, I said RR's price has nearly tripled since last year, I should have said it's more than quadrupled since it was 70p last year.
"However for anyone who has an average above 100p… not so much."
Why do you assume that? There's no reason why Vodafone wont go up to 160p, or £2, when sentiment reverses.
I'll keep using Rolls Royce as an example, because I think it reflects Vodafone's situation. Rolls Royce currently has a P/E of around 17 and is still being pumped, last year it was around 70p and the price has nearly tripled since then. Vodafone's downward trajectory has been more steady than RR's, but that's more about the ongoing negative narrative directed toward the Telecom sector in general. Telecoms has been under attack for years, with financial media persistently attacking the individual players and aiding the market in driving prices down, yet private equity has been mopping assets across Europe as they come up for sale. The media pushes the debt narrative around established Telecom players, but it isn't the players who generate repeating revenue who are at risk it's the new entrants who've been financed with free money. I believe at some point the market will decide to pump the sector, probably when the vested interests have built up a nice chunk of the assets at knock down valuations.