Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Etisalat are in it for the mid-long term ... and judge their investment over that period...not over a few months or one particular year
Mulder...hedge funds bet both ways across sectors and companies...hence being called "hedge" funds ...
I suppose here they have hedged that recession may come in Euroland .which would affect VOD ...that bet hedges against any long positions I would imagine.... a few have bet against VOD for some time
'probably registered in the Cayman Islands - that has been relentlessly shorting this for a while now.'
Could it be E& building their position. UK offshore is popular with middle east, secrecy, governments dont pay tax etc . Since Camerons time I have been suspicious this kind of deal making. Unregulated rather than illegal. Agree FCA should look at it but not like SEC did into Madoff
Would Etisalat and others have invested billions here without doing due diligence?
There isn't a director buy listed for Vodafone on LSE since April 2022, this my friends speaks volumes.
Some would say that directors know a thing or two about their company (some though may disagree on here).
Meanwhile the lambs keep buying, the SP keeps dropping & the value of purchases diminishes.
VODAFONE has the best balance sheet of any telco.
I have posted this before but VOD's debt to equity is around 1.4 & improving while VZ/AT&T/TEF are around 3. As I said before there is a hedge fund not showing on short tracker - probably registered in the Cayman Islands - that has been relentlessly shorting this for a while now.
As we all know in the UK stock market a hedge fund opening a short position = an automatic drop and suppression of any rise regardless of news.
FCA do **** all. Go figure what they are even here for.
FED Chairman Powell is speaking today....markets overall will listen to any comment he makes ....general opinion is he will stick to tough stance on beating inflation ... he is probably going to hint that the FED is not for turning, until the job is nearer done !!
ECB may have to do the same, having come to the rate rises quite late
VOD could just be a bet, for now, on how Euroland and UK does in the next few months ... with VOD internally just working away at doing their own cost cutting and efficiency moves
Or because itโs the Vod way
The worm will turn
I suspect the recent selling may be as a result of the liberty global's derivate vod holding and potential margin call.
Just added another 7.7% to my holding.
Who would have thought it.
Tick up on opening
Good to see LSE's newly added emoji function being used for informed posts.
As for VOD there must be one or more significant buyers in the background given we hit a 21 year low the other day and only sitting just above atm. Breakup value is worth considerably more than current SP, so open season for any PE outfit/s to cherry-pick our assets and strip-out unwanted.
Have a look at their financial performance: https://s201.q4cdn.com/262069030/files/doc_earnings/2024/q1/press-release/Earnings-Release-2024-Q1.pdf
Check out their EBIDTA, cashflow and PE ratio๐
Compare that to Vod. I know I know, I am comparing different sectors, but the argument here is valuation multiples. If you don't believe me, look up Verizon, AT&T etc. Verizon is loading up on debt consistently to pay dividends. In Deutsche Telekom's case, their debt to EBIDTA is 3!
We absolutely live in a multi-polar world. Just sit tight as the tide is bound to go out. The likes of Vod are seriously undervalued relative to the rest of market.
๐คก๐ธ๐คก๐ธ๐คก๐ธ๐คก๐ธ๐คก๐ธ๐คก๐ธ๐คก๐ธ๐คก
Hi Dan, yes you definitely need a sense of humour here mate, not a place for the easily offended, was hoping 2023 would have been a good turning point for the shares, but looks like we may have to wait a bit longer, as another poster once said events can change everything, let's hope we get some good events then hey, a lot more patience needed here i think
best of luck all
Hopefully some of the luck I have had in my MAST investment today will rub off here tomorrow.
Who is offering?
With the dividends of last 5/10 years, am sure all institutions holding will break even or gain at 150 p/s
I wonder if the bod would accept ยฃ1.50 a share.
"Both the CFO and CEO would have to agree on that, hang on the CFO is the CEO, problem solved. "
๐
"Any thoughts?"
Both the CFO and CEO would have to agree on that, hang on the CFO is the CEO, problem solved. ๐
Appreciate I've probably jinxed us but a US open that has us up :-0
Could auction the low coupon debt at a discount. must be bondholders who want out
I thought 3 would exit the market if the deal didnt go ahead as they cant make a return. MDV says UK roce is not good enough. Talks clearly progressing beyond the original stance of exiting the market or has Finnegan spoken out of turn?.
https://www.marketscreener.com/quote/stock/CK-HUTCHISON-HOLDINGS-LIM-1412574/news/Hong-Kong-s-CK-Group-never-withdraws-from-any-markets-chairman-43886491/
Considering the ROCE is below the coupon values then it would make more sense to pay them off.
Given vod's substantial cash pile, I would not be surprised if they spent 20-30% of it to settle a few of the long list of outstanding bonds with the highest coupon rates. That would be a prudent measure.
Looking at the list of various bonds, by buying back the top three most expensive ones to the tune of 4billion, cash flow would improve by at least 240m/year. Still leaving 7billion in cash at hand. These bonds carry a coupon of 7.86%, 7% and 6.25% .
Any thoughts?
Ouch when the US opens