George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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I guess these bits of info are what is helping to keep the SP a bit comatose when people look under the bonnet...
VOD has c €10Bn hybrid bonds maturing out to FY41+
https://investors.vodafone.com/debt-investors/financing-strategy
'Hybrid bonds blend debt- and equity-like characteristics in a single security, and they crucially get classed partially as equity by credit rating agencies. They have proved popular with investors as they offer more yield than traditional corporate bonds.'
Dan I don’t think VOD have any MBC left. Just 60bn of normal bonds they owe investors one day.
Maybe they issue stock to meet a payment, but that is not a Mandatory Convertible Bond.
Good luck with Cyprus - dodgy banks and govt propped up with hidden Russian money, in fact the whole place is infested with Russians. Worked in Cyprus of and on for years not all that nice now IMO...
Vodafone down sizing headquarters. Hope they move headquarters out of U.K. tax burden to high here now.
I’m looking at going expat to Cyprus. Fed up with high taxes and poor healthcare in this country.
"P.S. Was fleccy joking with his post? or just showing off?"
I was being honest, so I suppose I was showing off if anyone wants to view it that way. I'd share some of the charts, but then viewers would know how much I'm currently down lol.
Share buybacks. After all those shares have been bought back, it will probably all start over again with another MBC share buy back. MBC. is the way vod borrows money, which it still has to do, unless vod sells off all its assets. It is a case of getting the right balance, between debt & keeping valuable assets, not as easy as some think. (Without the benefit of hindsight). P.S. Was fleccy joking with his post? or just showing off?
Vodafone has so far bought back 1,293,872,492 shares. So, there is still 224,757,201 shares to be bought back to fully neutralise the MBC share issue. At a rate of 6,074,521 shares per session, 37 more buyback sessions are required.
Best Regards ValueS
"Anyone keeping a tally of how many shares they have now bought ? This has to make a difference soon surely ?"
I've built a spreadsheet, on Google sheets, with googlefinance functions updating every minute and formulating the gains/losses of all my stocks across different accounts, both individually and cumulatively. I also have a self updating historic chart, showing daily individual stock loss/gains and the total loss/gain across all the stocks in all the accounts.
Anyone keeping a tally of how many shares they have now bought ? This has to make a difference soon surely ?
96.50
I wish I could believe Deutsche Bank's constant positive rating for vodafone, but they are in cahoots, as Global strategic telecoms partners, so Deutsche bank are very bias. Still, lets hope they are right?
'....suggests buyer Deutsche Bank'
https://www.proactiveinvestors.co.uk/companies/news/1004060/vodafone-s-fortunes-might-be-turning-up-suggests-buyer-deutsche-bank-1004060.html
Last 5 mins sums up another **** day
Vod closing sp 27th Jan
Android 92.8p
Velo 90.5p
MaryB 101p
closed now...... atb
Just goes to show these brokers seem to have No idea of what's going to happen
Jefferies cuts Vodafone price target to 85 (100) pence - 'hold'
Bernstein cuts Vodafone price target to 100 (116) pence - 'market-perform'
Deutsche Bank cuts Vodafone price target to 195 (215) pence - 'buy'
I would be happy with £1.95,but it looks like we all just put a finger in the air and guess.
Now many thought these brokers were people who knew more than us but it looks like they are just begger gamblers.
Berenberg. 185 buy.
Jeffries 85 hold.
Ignore.
Three cuts in price in one go - great start to the week - not !!!!
90.5 thanks Roofer.
That was meant to read Ski Sunday :)
Oh look - new week and that soi sunday music comes to mind as usual
Apparently Garfield is tipped as a possible CEO for Vodafone.
https://garfield.fandom.com/wiki/Garfield_(character)
101p
https://www.thisismoney.co.uk/money/markets/article-11664089/Liv-Garfield-tipped-job-Vodafone.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.266197769.763260909.1674256511-1762842560.1621203371&_gl=1*42daj6*_ga*MTc2Mjg0MjU2MC4xNjIxMjAzMzcx*_ga_XE0XLFFF16*MTY3NDQzMDI4OC44OS4xLjE2NzQ0MzA1MTQuMC4wLjA.
92.8p please, thanks