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Not every day robleo, just at the close of the week.
They're just two of several areas of data that I manually input to the spreadsheet containing my copyrighted, fantastico, world-beating, Nostradamus-like formulae, I press click and hey presto out comes the answer.
Well 21 answers - look it's a computer it's leaving no stone unturned.
Then it turns round and says: It's one of those - defo!
When I type in: But which one?
It's says:
Don't ask me I'm not a clairvouyant - those are the mathematically high probabilities that might occur by the week's close, the rest is up to you, mate. But it is one of those. You'll see!
That's when I unplug it for answering back with cheek!
In other words, I self-calculate my own pivot points.
velo, just curious why would you enter the daily high and low onto a spreadsheet everyday
Something I've only noticed due to being a contestant in this weekly competition is that when I come to update my spreadsheet the lowest price of the week AND the highest price of the week, both occurred on the same day
- today Friday; the end of the week.
What's unusual is something similar happened last week - again on a Friday.
Coincidence whilst the SP is under duress?
16th Dec closing SP 83.76p
Exil 85p
Y11-shx 82p
Sigma 71p
Android 86p
Sotonspike 100p
Bushytailed 88.6p
Newsid 103.6p
Raffles 103 5p
SlartiB 92.75p
Geigaboy 90p
Velo 88.5p
Fredrubble 88.69p
Roofer 90p
ATB
@y11....
Hopefully
"They effectively borrowed money at around 110p"
To be more accurate:
The MCB was worth £1.72 B and was converted to 1,518,629,693 VOD shares (including 1.5% interest!). So, for each share VOD got (1.72/1.518629693 =) £1.1326. And today they bought 6,074,521 at £0.8436 making 28.9 p PROFIT on each share!
So, just today's profit = £1,755,536.60 ! If one could calculate the profit (or loss) made with each buyback transaction since 17th of March 2022 and add them all up would come with hefty sum.
What was regarded as debt has turned out to be a profit making investment! MCB holders lose, VOD win!
Back in the old days (pre 2008 credit crunch) Mr market used to love companies with leverage if the return on leverage employed is larger then the interest paid. The larger the leverage the better! VOD debt = E45.5 B with an average interest of just 2.5% and 11 years maturity while post-tax ROCE = 5.1% and now (in the post 2008) VOD is being punished for that!
NNUUTTSS
I’m in at just under 84p let’s see if I have managed to buy at the bottom m.
Unaccustomed as I am to public speaking I would just like to thank my mother and father for being there when I was conceived, my teachers for all their hard work, all the next door neighbours I've ever had for being there when i needed a next door neighbour, my...............and in conclusion i would like to say what a fabulous honour it is to be so acclaimed by such a knowledgeable and perceptive group of people that inhabit this board. I thought this moment would never come but now it has i feel i need to take some time out to reflect and soak up this monumental moment and maybe shed a little tear
.
No way VOD are doing a rights issue. Only companies with serious cashflow issues do that like housebuilders/miners in 2008/9 and more recently Credit Suisse. VOD are nowhere near that. If you look at the balance sheet they have ample liquidity at the moment.
As for the buy backs, they are buying shares to repay the MCBs. They effectively borrowed money at around 110p and they will pay it back by buying shares at 85p. Sounds pretty smart to me.
Not a good day unfortunately everything is showing red today, hopefully 2023 will be a better year, unless you believe in father xmas and your expecting a xmas rally, you never know, it's been thank goodness for dividends topping up the portfolio this year
Accolade this week goes to
"Exil " well done
Speech Speech Exil
Closing SP 83.76p
Full list will follow
'doubt e& will have a view on Vodafone maintaining the dividend, all any of us can do, currently, is speculate.'
Given we were told the sequence of meetings leading to Nick leaving, the BoD then reported they intend to pay the Feb and June dividend...'Committed to min. 9c. dividend p.a.' is what they actually reported at H1.
BoD could change its mind for the June div, but as it stands, they put MDV on the hook for the €1Bn cost savings and look like they intend to pay the June one. A new ceo might recommend they dont because he or she has a better use for the cash, but right now, debt maturity is 11 years + so unless they continue to tender to repay debt early (at a discount), freecashflow doesnt seem to be the issue and paying the june div seems to be current course and speed.
how much value has been lost under nick read? 25B
Besides Vodafone cannot claw back the last dividend. Anyone holding when it went ex dividend is guaranteed to get the payment. Sometime early February I seem to remember. No point speculating about that not being paid. Stress is a killer.
Rock bottom is almost always when companies have rights issues. It's because they are desperate to get money to keep the banks happy.
"Anyone not able or willing to take up the cheap shares got heavily diluted."
There's no indication Vodafone will have a rights issue. One reason I can't see a rights issue is that they've been buying back stock to prevent dilution and another reason is that it'd be madness to have a rights issue with the share price at rock bottom.
Well 2007 - 2009 all the housebuilders had to do rights issues for example.
Anyone not able or willing to take up the cheap shares got heavily diluted.
Just giving housebuilders as an example, obviously Vodafone is much bigger.
"Companies in trouble with too much debt often do a rights issue to get some money in.
Vodafones buying of shares each day seems a bit stupid in my opinion, they might need that money very soon."
Are you saying Vodafone's in trouble? Just because Read's gone doesn't mean they're in trouble financially, the most likely reason is disagreements on strategy going forward. All any of us can do is guess how things will unfold when a new CEO is appointed and communicates a strategy. No doubt e& will have a view on Vodafone maintaining the dividend, all any of us can do, currently, is speculate.
I was going to buy in but this is taking the ****. I bought a couple of Rolex watches instead. If they go down in price, we’re all screwed !
Companies in trouble with too much debt often do a rights issue to get some money in.
Vodafones buying of shares each day seems a bit stupid in my opinion, they might need that money very soon.
"Doesn't make sense. They need to suspend dividend anyway. The buyback could be used to pay down debt."
But the buyback are paying down debt in a way and preventing dilution.
"The took on debt to buy the Vodafone stake"
If that's the case then they're silly Billy's. Who supplied the debt and on what terms? Is the interest on the debt covered by Vodafone dividends?
Doesn't make sense. They need to suspend dividend anyway. The buyback could be used to pay down debt.
"In this environment the buybacks may have a negative effect on the SP. Spending billions to buy stock when you could be paying off debt is clearly not impressing the big money."
The buybacks are to prevent dilution due to maturity of MCB's, the buybacks make perfect sense. The more shares in issue, the more cash required to cover the dividends.
The took on debt to buy the Vodafone stake.