Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Why is new interim CEO not saying anything?
JPMorgan places Vodafone on 'negative catalyst watch', cuts price target to 97 (100) pence - 'neutral'
Never seen that before - we are doomed lol - good luck all
Slarti - Pension funds & other institutional investors will certainly not be buying here, who do you think have been selling causing the SP to drop so much? It is certain that the dividend will be heavily cut or even stopped altogether & those pension funds always want fixed income to pay their liabilities. The best hope here is for a takeover but don’t hold your breath.
Where are all the “110 by Friday” brigade today?
You do realise the share is tanking not just becos the dividend will be slashed under new ceo but Vod is going to have to raise capital, get ready for dilution, these have about as much future as Aston Martin Rolls Royce and BT haha. Dump fast.
think this SP its for the pension funds to load up and not rely on the BoE for a bail out.
It's a buy and hold for me at these levels.
Interactive Investor at least believe the true value is double.
The asset base offers intrigue, however. Despite €68.5 billion net debt, end-September net assets were €57.7 billion, or £49.2 billion, which implies 180p per share – hence 90p in the market representing a 50% discount.
Looks more and more like many / all posters are acting like shorters all trying to push the SP down more to buy back in cheaper. So just where will the SP finish in the next few days 60p- 75p.
I would never for one moment think I could run a FTSE company but have worked for one, sold a business to one and seen it close up. Thanks for the ****y reply and I think I'll leave it there to allow you to carry on your daily work...
I see this board is now attracting punters from betting shops lol
Peak pessimism when outlandish predictions are made based on fluff and wishful thinking. Similar to those who called this time last year, bitcoin hitting 100k before the end of 2022.
I agree, 60s show support.
80s are shortly finished... Shame to see such a once great business...
Think 80p zone looks strong support ... why 60p lol. Its obvious that atm its being pushed towards 80p. Will it go lower? Maybe... gla
I'm looking at mid 60s to get in. Support at around those levels, from 1995 might I add! Complete shareholder value destruction.
divident suspension for multiple years its guaranteed. yield is now 9 %. Sp drop accelerating
Is everyone really going to give up on their phone contract? Only if there is mass unemployment. Guidance has softened but everything else is in place. €20Bn project spring money was spent on bullet proofing a digital model. MDV is executing against that.
Coming. Hopefully something apart from buyback.
amercian companies are loaded with debt they wont have any capacity to buy. Maybe only a consortium of funds.
"Where does this level out or is it now just the beginning of a very painful decline until the company is taken over but who would want to take on 45b debt with no way if paying it back"
Actually, there can be tax advantages to taking over companies carrying debt.
"the use of debt is less expensive than the use of equity because debt is generally subsidized by the state through the tax system –since debtors can deduct the interest payment associated with the use of debt. "
A large entity with lots of cashflow, taking over a company with debt, wouldn't have an issue taking on the debt, and Vodafone's assets are well in excess of the debt anyway. The debt wouldn't prevent a takeover of Vodafone from a big enough player, the deciding factor would the BOD's willingness to go along with the takeover. I keep going back to the takeover of C&WW, by Vodafone, as it's a masterclass in how a BOD falls over itself to help an acquiring company during a takeover. Anyone interested should study the intricacies of the deal, especially since it happened in the same sector.
Pfen, totally agree with all of that, sad but true in most cases
Years of incompetence is now taking hold.
The boardcant sit back and wonder why. They are to blame.
All they have been successful in is raising debt and diminishing shareholder value. And of course rewarding failure.
There is no one person to blame although the CEO had to go, I am sure the board set the direction so if they have integrity they would do the right thing but as with politics this dosent happen. Where does this level out or is it now just the beginning of a very painful decline until the company is taken over but who would want to take on 45b debt with no way if paying it back.
I bought in 4 times hoping hoping for a levels g out but now 20% down and its as mentioned its either get out with a huge loss, hold and hope for best or hold and lose it if they fail. What a fking mess
"Decisions Decisions ! Could this be abit of a rolls royce play crashes badly for awhile then starts to make a slow but strong recovery. "
The only reason for abandoning ship is if you think Vodafone are going to continue dropping with no floor to the price. It seems the market has decided to see how low they can push the price down, possibly to chum the water and looking for predatory movement.
If you think the share price is cheap now imagine what a cut in divi would do to it!! I don’t think we can afford a divi cut on that basis as many pension funds rely on the income it brings in.
Decisions Decisions ! Could this be abit of a rolls royce play crashes badly for awhile then starts to make a slow but strong recovery. Rolls were 64p not so long ago and are now approaching the mid 90s. Maybe watch fir a while longer
Being an illiterate vegetarian is nothing to be ashamed of? So you get 1/2 out of 10 so far.
Good night G.S. Just make sure you keep both hands on the pages though. Happy dreams.