Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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*Debt is nearly always cheaper than Equity
Do you understand how WACC Works? Debt is nearly always cheaper than debt (especially as debt offers a tax shield). So you pay down debt disproportionately Equity then the WACC goes up. We already struggle to make returns above our cost of capital, and purely paying down debt only makes the returns against the cost of capital even worse (Considering the Return on Capital is before interest, so paying off debt to reduce the interest payments doesn't actually improve your return on capital, on either side of the equation, nominator or denominator.
LTI, i get your maths behind that, but as with any share i would always prefer a share to rise now rather than a possible benefit in years to come, I think you was quite happy to benefit from Aviva rising to £5, but of course we are all different, let's hope it works well for everyone
The first 2bn due to be frittered away as company have no idea how else to invest the cash in future growth for a better return. To inflate the EPS figure for performance pay packages they choose a buyback instead of paying down debt.
Investors eventually pay the price for these decisions.
Sorry wrong site
Average rating still over 181
When it comes to free broker ratings, "If you're not paying for the product, then you're the product" always springs to mind.
UK regulator refers Vodafone’s merger with Three for in-depth competition probe
https://www.cnbc.com/2024/04/04/uk-regulators-refer-vodafones-merger-with-three-for-in-depth-probe.html
Investment firms want to make money for their clients. I remember when RR was moving towards 100p, one broker said 60p in August 22. Then 70p until March 23. The stock fell and guess what? Now their target is 475p!
DYOR always!
I wouldn't take any notice of Berenberg. On 16th January 2024 Berenberg slapped a 'sell' rating on Rolls Royce, viewing Rolls-Royce as “unfavourable" and set a price target of 240p per share. On 16th January RR share price was 295p, yesterday it was 424p.
Rob
''possibly on your own with that''
really?
If I wanted to invest £10,000 into Vodafone, I would prefer to pay 70p per share
rather than £1 per share. I would be happy enough if I was possibly the only person who would want 43% more shares for my money.
LTI, your possibly on your own with that one, i think most people want it to go up as soon as possible, A bird in the hand and all that, your choice is just a last hope option if the prior fails
I;m sure you disagree but never mind
best of luck anyway
I would prefer that 4 Billion Euro wasn't invested at an average of a £1 + per share.
First 2 Billion spend should start within a few months time
Vodafone is my biggest holding & my number 1 recovery stock, my average is 81p and believe in time this will break through the £1 barrier. I’m happy holding picking up the divi & adding along the way GLA
Perhaps it was a reiteration today.
"Berenberg raised target to78p today"
This was last week.
VODAFONE : Gets a Neutral rating from Berenberg. March 27, 2024 at 09:31 am.
Carl Murdock-Smith from Berenberg retains his Neutral opinion on the stock. The target price has been raised from GBX 75 to GBX 78.
https://www.proactiveinvestors.co.uk/companies/news/1044123/can-vodafone-face-its-german-challenges-head-on-1044123.html
Thank's lunchbox. I was getting Bernstein & Berenberg mixed up.
Interactive Invester
Lunchbox. Where did you get Berenberg raised target to78p today from?
Berenberg raised target to78p today
Looks to be overdue now, which might be positive.
Bernstein lowers its rating from Buy to Sell. The target price remains set at GBX 65.
Going through at 71p+
Lunchbox. Where did you get that from. They have lowered their rating to sell.