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The US has been critical of VOD for 2-3 years now ....and to be honest..to let Germany EBITDA slip by 6.1% ...makes some in the US say " we told you, they weren't performing" ...and this is a slap down to say they were right ....
Harder to put things right than it is to be on the ball in the first place .... still €150m investment in customer experience and €100m added to brand spend should help across the Group
MDV answer on three merger was awefull. It will take as long as it takes.
Sounds like even more slow response to deals
"The US is very unimpressed - oh well, perhaps MDV and van Boxmeer can reflect whether they prepared the ground as well as they could have."
I don't even know why they're listed in the US, they should follow BT and drop their US listing.
Well it is never a good day when you present results and over a 2 day period you reduce your company’s market cap by over £2 billion.
The US is very unimpressed - oh well, perhaps MDV and van Boxmeer can reflect whether they prepared the ground as well as they could have.
In the event that the Voda story has not improved by the time of the next results the large shareholders will be after their heads.
Don’t buy then
So tempted here at these prices and cuurent divi BUT....not sure the divi will be cut and if so by how much
"Big institutions selling" - from the Volume and No. of trades - it looks like PIs that are doing the selling
I bought back in at 89p thinking it was the bottom. I was clearly wrong but thankfully only a smallish punt. How pleased I am about that. Big vote down by the market for Della Valle. Cant say I'm impressed!
Investment banker selling and some churn of traders and PI ....IMO
Volume today so far (44m) small ...compared to yesterday (315m) and daily average
"No "open shorts" according to this site ?.."
That's because they would need to hold min ~135m shares to be shown as holders of a short position.
No "open shorts" according to this site ?
Just because share falls doenst mean its being shorted. Bug intitutions are probably selling
Brought back in at 82p will buy more if it drops to mid 70s for dividend,hopefully it will rise and I would have a nice profit.
My guess is that a very considerable part of the price fall can be attributed to massive shorting by the hedge funds. They're playing a risky game because if the sp remains at its current level very long, there is a very real possibility that someone will make a takeover bid. In any case, those are all shares that will have to be bought back sooner or later and volume is a two-edged sword.
I don't think it will drop below 70p with the dividend coming, but I think low 70's on the cards after that the way things are going imho.
I guess yesterday’s drop wasn’t hard enough
Buy the dips
At least there's a divi, I dare say, many divis.
Holy shid box, even i didn't think it would fall today.
Maybe the Americans are short or something.
I'm tempted to buy but i don't have the courage/possible stupidity
Really have it in for VOD ... :-(
" I guess market is saying cut or suspend dividend and reduce debt much more. Maybe down to 25b."
no, not right now ....
The market wants the US to get their debt nonsense sorted out, inflation under control and a chance that GDP can get back to growth into 2024 .... it doesn't want VOD to fold and throw its cards into the pot ...no....not at all
Lease Liabilities needs to be broken down into an average per year amount ... a total is meaningless ..all it needs to be in manageable
The debt isn't the problem...as such...the problem is getting the right return from having that debt
..that is where they have improve, which the CEO recognises ....if not then sell the asset you cant improve its return
....like Italy, who has to improve their GDP and productivity, rather than look to cut debt , which is difficult
AT&T debt is $143billion
"They still carry total debt commitments to €66bn."
As Pokerchips implied, If you're going to quote debt then you should break it down:
Gross debt (€46.655) Billion
Cash and cash equivalents €11.705 Billion
Short-term investments €4.305
Derivative financial instruments €1.917 Billion
Net collateral liabilities (€4.647) Billion
Net debt (€33.375) Billion
It's debatable whether Lease Liabilities are debt, or an operating cost, BT count them as NET Debt under a different accounting standard, Vodafone don't. Vodafone's Lease Liabilities are currently €13.364 Billion. Then there are things like €1.485 Billion secured against Indian assets which subtract from the Borrowing figure of €66.390 Billion as they are covered by assets already written off.
The only figure that really counts is the Net Debt figure of €33.375 Billion, as that's the bottom line debt figure. I don't blame Vodafone for separating Lease Liabilities from the Net Debt figure, since the financial press seem incapable of understanding the difference in BT's case, where lease liabilities are included in Net Debt.
" They still carry total debt commitments to €66bn."
This is meaningless, unless you add in the total revenue and returns etc expected during the lifetime of those debt commitments
like saying you have a mortgage of £500k but missing out you have 40 years of income to pay it off
Has there ever been a day it hasn’t tanked on us open?