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How shall we condemn thee? .Let us count the ways.
Somehow the BOD have really failed here. Highly paid for desperate deal making (or lack of it) , a share price that has tanked ,a debt mountain that looks scary in the current environment. and a balance sheet where the NAV is pretty much 100% composed of intangible assets.
So where next? New top man, a night of the long knives on other executives (without anything but minimum contractual pay-offs) and an Aviva style plan to focus on the core, allocate of capital efficiently and flog everything else asap together with a clear definition of what this will mean in terms of free cash flow, debt, profitability and dividends.
Alternatively this turkey looks right for plucking and probably at some bargain basement price. Even a takeover offer tomorrow at,say, 30% above the existing SP would be impossible to evaluate imo. If you want to see why you only have to look at the recent RNS's re the sale of Egypt and the Towers stake. Both as clear as..turkey gravy.
Would a new top dog of the calibre and drive required to do the needful here really want the job? There I think lies the answer and us long suffering shareholders will have a fairly lengthy wait before an appointment and a longer one for a new clear and winning strategy to emerge and yet more time before it is implemented. I can see some upside to the SP from here but absent a takeover it is likely to be a long and bumpy road before patient holders smile again.
79p - imo
Think that is a new low. Good job i didn't try snapping up a 'bargain'...
Robleo - oh yeah, forgot about that. I was just observing price action, not ramping and I was right!!
Unfortunately I am nowhere near as confident now as I was this time last year, as the only thing I can see brewing is my tea!
Compound, i think it was all the somethings brewing here that bumped you up on the ramper list last year, we just have to hope the new CEO and board of directors can make the right decisions to reduce debt and increase profits here
Something has got to give at some point as telecoms are now as essential to everyday life as electricity! Last few years have been horrific for telecoms with increased capex and falling prices. It can't and won't continue like this - the markets will correct in some way.
I have no idea what that correction could be. Maybe existing telecoms companies will start making money again once they've completed 5G capex or maybe some will merge/get bought out/go pop so there will be less players with greater cost efficiencies and less willingness to race to the bottom on prices.
It's either that or associated industries see value in telecoms for selling their other higher margin products and either start making acquisitions, or replace the existing incumbents altogether with their own or different tech like Starlink from SpaceX. Companies like Tesla and Apple are worthless without connectivity, so it will be interesting to see what they do.
So many unknowns and possibilities. Long term VOD could be worth a lot more or go the way of Blockbuster and Kodak as the tech becomes outdated. That doesn't seem a possibility at the moment, but AI and Quantum computing is advancing at an exponential rate and I'm sure in 5 years time there will be plenty of breakthroughs and new tech that we couldn't even imagine now.
I'm only looking for a bounce from current levels and wouldn't want to be a long term holder as their future is by no means guaranteed.
Looks like UK telecom sector is now on oversold territory.. Look for big rebound anytime soon..
DYOR
Good luck...
Not sure what telecom companies can do. The data is unlimited and prices keep dropping and debt keep rising. Too competitive market.
7th according to that list Robleo - need to put a bit more effort in mate!
Still can't believe I'm 5th on the list seeing as I shorted it over the summer, although unfortunately I closed that one waaaay too early!!
Markets are a bit all over the place at the moment. So many push and pull factors.
Support has just about been holding for VOD which is quite comforting seeing as lots of other shares have got smashed in the last couple of days, although it's right on the lows at the moment and it could be a quick race down to 78/80p if it breaks.
Of course it's good to have a positive outlook on life as Daniel says, nobody wants to talk to some some miserable git who moans all the time, but also you have to get f**king real as well, nobody's going to be jumping with joy here if they are losing thousands of pounds so expect some mixed feelings , but don't buy in here unless you think this will get better in the next year or two and maybe better to do it in a few stages as I'm sure everyone must be aware this can drop further yet
gla
where are the rampers? daniel?
massive drop in vodacom stock
12,384.00 ZAC -556.00 (4.30%)today
Hi Dan, you better stay here and motivate us then, and no slacking, i am number 6 ramper you know -;)
2nd that Doyen....."You can checkout anytme but never leave" , as the song goes....
The best advice I have ever been given is, If you can't say anything positive, then say nothing at all .
Done my bit just added some more, did some one say god help us lol
Come on lads get your buys in !!!! It’s crimbo !!! Bargain basement vod shares !! Load up load up! I bloody love these bargain prices!! I’m loaded up to the neck in it!
Come on VOD
You won't get on that list if your easily offended for sure, not a place for the faint hearted, come on rampers get this share moving up
Took some more on technicals today...Solid short term punt imo
... And if you're not on the list you're just the the kid who's the sidekick, a hero worshipping wannabe of the black jacket gang!
Get yourself on the list if you're 'ard enough to frighten the beejezus out of LSE
"Yep! If you get on the list you get to wear a black leather jacket, sat at the back of the class with your legs splayed out blocking the gangway making the teacher walk around you."
Might explain why I've been getting so many emails from the FCA in my spam folder, I'd better take a look at the next one.
Yeah Jack Dawson hasn't been here in years either. He left LSE altogether. A damn good poster he was. His contributions are well missed. Laughing to myself that I'm No:1 on BT in Fleccy's list. I've posted there just the once in 2022! LOL!
Yep! If you get on the list you get to wear a black leather jacket, sat at the back of the class with your legs splayed out blocking the gangway making the teacher walk around you. Yeah the Fonz! Don't forget to bring a comb and some brylcream to join our club and you get to grab the best girls at the prom whilst they singing Sandy - You're the one that I want eh eh eh!
'Cheers android, but i can't see yourself on the list, you may have to put more effort in lol'
Robleo, I am ranked 35th and maybe moving up to 34th after this weeks ramping!
So am I ramper then?
Best get into the spirit of it then I suppose....
Just doubled my holding. Looks like the market has finished off pricing in all of the bad news and have probably overdone it a bit. Looking very oversold on the chart and there's a good chance of a bounce sometime in the next few weeks as this price is bound to attract some bargain hunters, and the appointment of a new CEO promising to deliver the earth and shareholder returns will no doubt get people very excited.
Still very risky as although a dividend cut and further drops aren't my base case, they are a possibility.