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'cutting edge tech, to make more money.'
Global regulators agree price controls to encourage new technology and productive markets. They consider firms pursuing cost reduction to keep pace will eventually exit the markets rather than finding new products to make profits (3 UK case in point?). So Petty is doing thr right thing. A leadership demonstration? E& sees vod as a vehicle to ensure UAE isnt left behind in next phase product technology generations . All good imho
Bond issuers pay a fixed coupon rate, not an interest rate which can vary as set by the lender. It is what it is.
Actual coupons were issued to bond holders in ye oldie times, hence the term.
" ...as soon as there are jitters in the corporate bond markets."
coming soon, I suspect, to a market near you !! ..if we sink into stagflation
You just knows they is making it up when they start talking about coupons...
They are issuing new sterling and euro notes to pay for it, so you won’t see a full cash flow interest saving.
How many and what coupon will be revealed after the auction.
The final goal is to reduce €10bn hybrid notes by up to 10%.
Just had a look and it seems these are the ones they are looking to retire:
XS1888179477 --79--3.1%--2bn
XS1888180640 -- 78--6.25%--1.3bn
-----
This should have a net positive annual cashflow impact of at least 140m/year.
Not exactly the most expensive coupons, but I suspect they have properly assessed and ranked as per risk/reward to retire. I don't have access to Bloomberg terminal, but I suspect 92857TAH0 at 7.88% ($750m) is trading at a significant premium, hence not prudent to retire. I bet the likes of this will be retired as soon as there are jitters in the corporate bond markets.
That is true re the working class or those on average incomes like mine but you can't blame the B of E for everything - pandemic and free money for two years, hideous war in Ukraine, people seeking to blame others instead of working hard and taking responsibility themselves....
Anyway back to VOD - hoping for a stream of news in shape of selling off assets, focus on cost reduction and service improvement - long way to go but I still hold shares and so am hopeful of an improving future here
Scaredycat
Lol I need to check but I believe these are exactly the ones we proposed last week on this board to buy back with cash😄
You forget an important parameter. Currency pair adjustments. Sterling gets stronger in relative terms to a number of other currencies, reducing the import costs and strengthening the purchasing power.
Brexit really killed the economy and the purchasing power of GBP and that has zero to do with BOE. At least now we are gaining some momentum on the currency side. Best thing a competent government could do is to turn the UK into a super friendly country to setup and conduct business in.
Here we go. Interesting to see outcome of tender. As MDV says, debt concerns are behind us.
https://www.lse.co.uk/rns/VOD/vodafone-group-plc-announces-tender-offers-sceqyahp2s933cc.html
Have zero confidence in the BoE to grab inflation and tackle it down. Core inflation is out of control and watch the BoE blindly raise interest rates.
How can raising interest rates bring down the price of food. Working class gets double smashed.
Https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.telecomtv.com/content/digital-platforms-services/vodafone-cto-insourcing-is-key-to-the-techco-transition-47562/amp/&ved=2ahUKEwjk29ymlIz_AhVkoFwKHc4CAOIQ0PADKAB6BAhFEAE&usg=AOvVaw2Qn6Sb0BnPk8yCs-e8Mkd3
CTO, Scott Petty sounds pretty authoritative on how to grow the business using cutting edge tech, to make more money. All is not lost just yet!
S8raff. Thank's for those quotes, but all you are doing is lifting quotes, or facts that we all have heard many times before. You could just say we just don't know. Sorry, but we can all access this for ourselves. Thanks though from those who can't , or think they know it all. (no names).
He will be tonight. He knows who he is. Cluck Cluck. I think his other car Is a Porsche (1946). Please don't judge too harshly though , they can't help it!? May your Vod go with you?!
I hope he struts like a clucking rooster for many days to come. Long may it continue
He will be tonight.
He knows who he is.
Not a good day for him then !!
@porsche. If anyone is wondering, he is a shorter and openly admits it. Anything he is shorting is called either, “shyte, or dogshyte” and gets his verbal diarrhoea.
Amusing, if sad.
So true, S8. Which is why, I never stop buying, no matter how bad it seems. Forget the scaremongers on here, a recovery is always around the next corner.
Lot of very true statements here S8 well said....
R a c i s t ex pat if you're wondering
porsche the shouty ****** expat opines.
enjoy your pina colada grandad and leave the concern's of this great country to those that want to live here
Interesting people keep bringing up BT. It’s under 1.50, down from a fiver in Jan 2016, with a large period of no dividend…riddled with debt, an insane pension burden blown out last Oct in the tory budget fiasco and having their profits regulated away from them by successive governemnets. If that crxp is your yardstick for investing you need help, it’s capital destructive junk just like Vod even by dog index of the world ftse 100 standards. My god there are some 🤡🤡 on here. Stop buying U.K. listed shares if you want to do any good.
Bear markets can feel like the end of the World but remember, every crash has been followed by bigger rallies.
If it’s just a market crash, things will bounce back. If it truly is the end of everything, money will be worthless.
Market crashes have taught me to keep buying.
If you're "investing" for the next month, then a market drop is bad news.
If you're investing for the next decade, then a market drop is great news.
Market drops are an opportunity for long-term investors, not a risk.
If you're scared of losing then you have already lost.
When it comes to investing, paralysis through fear is a big threat to wealth creation.
Creating and sustaining wealth requires looking past negative headlines and rising above negative confirmation bias.
When the best time comes to buy in a market drop, you won’t want to buy.
The best time to buy generally comes when nobody else wants to buy.
Other people’s fear to buy tends to make investments cheap (because they oversell).
Sellers will push prices lower and lower until it’s no longer justified to continue selling.
Buyers will then outweigh sellers which brings prices higher.
Soon, prices exceed the decline’s underlying values and the sellers return. This is the market cycle.
Bear markets are a normal part of the stock market.
Since World War II, there have been 9 drops of 20%-40%, and 3 drops over 40%.
Many reference that Japan's market crash hasn't recovered for decades, and that the U.S. will be no different.
However, the U.S. P/E ratio is ~20 & Japan's was ~60 (3x worse).
The USD is also the World reserve currency, which plays a big part in the recovery of the economy!
You can’t control the markets, but you can control how you react to volatility & swings.
The key is to zoom out from any particular period and focus on the long-term trend.
It can be an easy decision to take your money out of the market due to fears, but this creates a bigger challenge, finding the "best" time to re-invest your money and come back in.
Most times, what was supposed to be a temporary move out of the market, becomes a permanent one.
Think your main goal is wrong , you wish to grow your pension pot as much as possible, surely the main goal should be to preserve capital and spending power . By focusing on this you will achieve your objectives.