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"Just to add, the Goodwill portion of the Net Book valuation is €31.884 and the definition of "Goodwill":"
That should read €31.884 Billion, now you've got me making stuff up too, lol.
Just to add, the Goodwill portion of the Net Book valuation is €31.884 and the definition of "Goodwill":
"Goodwill arises when a company acquires another entire business. The amount of goodwill is the cost to purchase the business minus the fair market value of the tangible assets, the intangible assets that can be identified, and the liabilities obtained in the purchase."
So, Goodwill is important when assessing the value of a company and is part of the Net Book value.
Those towers are well over priced lol
"If a company did close and pay off it's debts, it could only do it with real things, so all the goodwill and intangibles should not be considered. Cautious value investors looking for true value will look at net book. VOD's net book is €0.13 per share. It's a goodwill giant."
More b0ll0x. Honestly, I don't know about the profanity filter on here, they should also add a talking 5h1te filter too. How do you figure €0.13 per share?
With 28,818,256,058 issued shares and your valuation of €0.13 per share, that would value all of Vodafone's assets at just €3.746 Billion, so all of Vodafone's UK and Worldwide assets. If you're going to post a figure like that, you should back it up with calculations listing the relevant asset values. If you read it somewhere, it's pure fantasy.
Vodafone's Net Book value, stated in the 2022 Annual report came in at €53.244 Billion, which is approximately €1.84 per share.
another common mistake is to lose sight of the Brand when thinking about Goodwill. Brand is valued at $19.51Bn. EIA I am certain will be interested in the Brand which sits well with the Africa partner markets model. How it all gets sliced and diced is beyond me but I am sure EIA and Niel know exactly what they want and now 13.5% of the stock.
https://www.statista.com/statistics/500110/vodafone-telecom-brand-value/#:~:text=Vodafone%E2%80%99s%20brand%20value%20fell%20by%20slightly%20more%20than,billion%20U.S.%20dollars%20to%2021.83%20billion%20U.S.%20dollars.
Mikey and Dan gone AWOL. Are they the same person.
Ha ha
So by that logic, you'd expect them to hold 50 billion in cash "tangible" before you'd invest?
You special tnuc
'The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities. As a result, the book value equals the difference between a company's total assets and total liabilities. Current Book Value/Shr = 166p—173p.'
A common misunderstanding from investors looking for value.
If a company did close and pay off it's debts, it could only do it with real things, so all the goodwill and intangibles should not be considered. Cautious value investors looking for true value will look at net book. VOD's net book is €0.13 per share. It's a goodwill giant.
It's why buffet isn't here buying for pennies on the dollar, because it isn't. VOD can't wind down and pay back investors, so don't consider it a get out.
*website
According to the websit
'As a custodian of the Federal assets of the United Arab Emirates, the EIA is mandated to strategically invest funds allocated by the Federal Government to create long-term value for the UAE and contribute to the future prosperity of the country. In a short span of time, the EIA has uniquely positioned itself to become an invaluable partner for significant world-class investment opportunities locally, regionally and internationally.'
Long term means those shares arent coming back any time soon
Is Danny boy home from his job at Sainsburys because he missed a remarkable move today?
It was up 3p a share at one point, just for a few seconds.
30% Sphynx, so they've a while to go yet
Bt down nearly 3% also.
I see it differently , the best way to keep the sp from rising is to state you have no interest in buying vod , with 11% of the company if they keep buying they’ll have to make a formal bid ,not sure at what % that will be ,all smoke &mirrors to disguise a takeover imo
Sp goes down on good news here. Help.
The way I see it is that "e&" simply decided to re-invest the dividend cash they already got 2months ago + the cash they'll receive in 2 months time + an possible additional small amount to bolster their holdings.
Best Regards ValueS
if its good enough for the *******s its good enough for me
buy buy buy
Alliance News) - Emirates Telecommunications Group PJSC, also known as e&, on Wednesday said it raised its stake in Vodafone Group PLC to 11% of issued share capital, while confirming it has no plan to make a takeover offer for Vodafone.
It raised its stake to 3.02 billion shares from the 2.77 billion that it had acquired in May and which had given it a 9.8% stake.
e& said the rationale for its investment in the Berkshire, England-based telecommunications company remain unchanged from May, which is gaining significant exposure to a "world leader" in connectivity and digital service at an attractive valuation.
The company, formerly known as Etisalat, confirmed it had no intention to make an offer for Vodafone. However, it said it reserves the right to do so in line with UK takeover rules.
'Current Book Value/Shr = 166p—173p'
Theres been enough valuation work to support at least the book value so auditors etc wont be pushing for any write downs. The debt maturity profile is 11+ years and no short term liquidity issues.
So the SP is more to do with the quality of the investors/ stockholders and less to do with Vod assets etc.
Todays RNS is positive imho. Not for the faint hearted though
The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities. As a result, the book value equals the difference between a company's total assets and total liabilities. Current Book Value/Shr = 166p—173p.
The assets would be needed to cover debt. Business is probably worth around 90-95p.
This was linked to yesterday.
"According to the Daily Mail (This is Money), it was an emergency board meeting.
"Read was removed after an emergency board meeting on Sunday. It falls for the moment to Margherita Della Valle, the finance director, to sort out the mess."
https://www.thisismoney.co.uk/money/comment/article-11504461/ALEX-BRUMMER-Vodafone-looks-like-sitting-duck-overseas-buyers.html "
"The rationale of E&'s investment in Vodafone is unchanged from the original investment, as announced on 14 May 2022, which is to gain significant exposure to a world leader in connectivity and digital service at an attractive valuation," it said'
Not expert but think they need just under 30% to be forced to bid? But I dont think they want the lot. The africa model is a strategic fit and with Reid out of the way Vodacom is an exciting possibility.
Thats Vantage, VOD 3UK, Hungary, Vodacom, Italy/Iliad. Crikey, pregnant with possibilities.
Holding tight for the FY. GLA
"The £40b debt looks very dangerous, considering that Vodafone have little to no growth potential, and EE/BT are working to clean up the markets in the UK and EMEA regions."
Claire, I'm a little confused by your post.
EE is a competitor of Vodafone, in the UK, but has been before BT took over EE.
Openreach have introduced Equinox and possibly Equinox 2 early next year, but Vodafone benefits from that as a CP using Openreach/BT Fibre, it's the Altnets that are getting panicky about Equinox.
On the UK business side of things, Vodafone have the old C&W network and again nothing has changed on that front.
You'll have to explain the EMEA regions comment, because I don't see the overlap between the companies.