Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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At these prices a share buyback looks a better idea than paying down debt - VOD's long-term debt servicing costs are surely much lower than the cost of the current dividend. Even with a significant cut in the dividend, a buyback might be cost-effective and it would still give a shareholder return.
I want the dividend, but maybe 6p ish if no economic growth across footprint end of 2024. The asset sales will pay down debt and could do buybacks. Depends on E& unless they are selling
I can't remember who it was, but someone was calling 65-66p here a week or two back. Starting to look like a very astute call. How can this go?
Hey robleo, no I am staying as well. In fact I bought a few more @67.37. Am I mad or stupid? lol.ππππ
Csb
''Instead they need to start a 1B share buyback ''
make that Β£2 Billion
Me too at 4k 67.25
They should cancel the dividend that costs over Β£2.5B.
Instead they need to start a 1B share buyback which would be beneficial to share price and much more affordable
Sidi, well I hope it's not going to be like the Titanic, anyway I'm not jumping ship, too late for that for me
Flec
''The biggest risk with Vodafone is a dividend cut leading to a short term drop in the share price''
cannot see why that wold be a negative on the business valuation.
I think Vodafone should be making large share buybacks and cancellations of shares at these low prices.
Rich investors don't pay fair value. They buy bonds at discount and then take over the company via debt restructuring. Long term assets are always discounted when there are short term liabilities to pay
At under 67.4p
This is the Xmas horror show, Please purchase your tickets. On sale now @67.50p. πΈπΈπΈ Dead cats will be performing. Have a nice time.
'UK Telco industry ending up in the hands of a few very rich men like has happened in India'
If that means the asset book values are used to secure investment, I get a nice profit on my stock
I wouldn't be surprised that the government's championing of consumers over large companies doesn't result in the whole UK Telco industry ending up in the hands of a few very rich men like has happened in India and Mexico. After all, it's very rich benefactors that parties need not solvent middle class shareholders.
'We can thank OFCOM for today's fall'
I expect OFCOM have seen the merger market data, consultations etc and are ensuring consumers arent locked in for long periods on any operators network.
Mobile termination rates fell with interest rates over 30 years. Now interest rates are rising, operators are fighting to make a return, I expect mobile termination rates will rise and/ or more consumers get access to something like the benefits of the prepay/ pay as you go/ mvno model.
Shame you are trapped in this now Jax.
Aren't all of your remarks off the cuff?
Trading at a 50% premium to Vod based. The difference is strong shareholders who don't sell on a whim and the full backing by the French government.
Sp driven down, to make any forthcoming measly offer for the company seem generous.
11.5% yield
You donβt get that in a bank haha
Can this really go into the 50s
It was an off the cuff remark the other month but darn I think it just might
Telcos will be increasing their fees substantially moving forward based on the fact that ROCE is ca 6%, which is on par with current interest rates. Nobody can make the case against telcos that they are milking it, cause they aren't.
Looking forward to the day when the sheep will have to pay north of 100/month to gain access to the network. Telco is not a Mickey Mouse sector like that of Netflix with zero value add.
BT down 4%, hence vodafone need to fall atleast 2-3% even at this low price.. Oh dear... now buy Margaritta pizza ...
..and option expiry this week so maybe next week it drifts back up..
RNS would be handy for xmas pressies
We can thank OFCOM for today's fall. Pretty meaningless really, all it'll do is push all the Telecom companies into offering 12 month contracts rather than 24 month contracts. BT has really took a hammering today, I don't think it'll happen before the next inflationary price increase.
67 and below it is then