Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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What level of debt is ok for vodafone?
I think based on current asset it should be 30B EUR no more. So they should reduce by 15B EUR.
If dividend is suspended for 3 years they can reduce 7.5B eur and another 5b in vantage tower and another few billion in selling some assets.
....for this share so I'm buying!!I held VOD way back in the 90's and watched the price rise beyond all reasonable levels and then buy Mannesman in perhaps the worst takeover of all time, at which point I sold having made 400%+. I have not held since until now , buying at just below 89p.i may lose money nd the Sp may in all probability fll from here , but it is my view that revenues will carry on at stable levels and the enormous debt can be managed until rates begin to fall again(early next year). I have the patience to hold for at least two years and even if VOd is reduced to selling off parts of its empire , i fully expect the Sp to recove from its currently ovesold position.Apols for the typo's, i'm at heathrow, sans spellcheck and hoping my luggage was on the same plane as me from Vancouver!!
I'm sure there will be a recovery, but not next year. In the meantime this will drift down with no direction...
No never been a broker & apologies accepted, thank you. Just as a reminder we are all entitled to post what we want within the boundaries of good sense. If someone posts something negative they are just as entitled to do so as is a positive poster. As for me I only ever want VOD to succeed but there has to be some common sense rather than just posting "£1.10 by Friday".
A pertinent & current reality check as far as VOD goes is the following pasted from a well respected publication this morning, it reads ... "Instead of driving to become the world leader in mobile telephony, it has over the years, engaged in a fire sale of valuable assets driven by an intense focus on keeping investors happy with payouts.
The outcome is that Vodafone now consists a ramshackle collection of telecoms assets, is over-exposed to the moribund German consumer market and has a reputation for being unable to execute deals efficiently. It owned and sold the biggest mobile phone network in Japan & it was a 45pc minority investor in Verizon Wireless, which it sold for £78.4billion in 2014. The whole of Vodafone is now worth £25billion. That is value destruction on a grand scale."
mehmehmeh
the buy backs are to counter share dilution ..against the bond holders redeeming convertible bonds for shares
'I can genuinely see 50p here by march next year..'
you can get medication for that. I prefer a good red wine and hold tight for the recovery
I can genuinely see 50p here by march next year..
they should stop buyback and pay of debt. No more anyof this MCB buyback financial engineering.
"the only hope...."
blimey..getting a bit dramatic here ..
They did make a 1.243 Billion Euro profit after tax in H1.... it isnt all "edge of the cliff" stuff ..really
12 month rolling ROCE is now 6.9%
the only hope is a takeover or selling or all assets one by one. Romania, greece, turkey etc
That's worse then. Money from Vod to get him a new job.
Who would have him anyway. POUNDLAND maybe.
Just for the igit(?!) Carltt....repeating your B0LL0CKS doesn't make it anymore relevant...
"Given 50k headhunter budget to find a replacement.
You couldn't make it up."
Djones, you just made that up. I'm not sure if you misread what was stated, or you've put your own slant on it. The 50k you mention has been given to Read to hire a headhunter to find him a new role, not for Vodafone to find a replacement CEO.
Oh sorry my lord, please forgive my peasant ways and find it in your heart to forgive me and absolve me of me of my “******” ways…
Schmuck
"Just waiting for a big institutions sell order limit to be triggered…that’s when the fun starts."
Lol have you moved from running commentary to talking total b0ll0x? The spam force is strong with this one.
to quote that famous Buffet statement.
That recent DIV has proved another waste of time .....can buy cheaper now
Just broke 89.00
See ya.
Given 50k headhunter budget to find a replacement.
You couldn't make it up.
RSI is 26 which means it’s oversold, normally a good thing but in this case it’s a negative. The 20 day moving average is now below the 50 day, and the 100 day moving average is now below the 200 day.
All downward pressure now, seems to be some resistance though, but not enough.
Just waiting for a big institutions sell order limit to be triggered…that’s when the fun starts.
Beep beep Richie.
If it breaks 89.00, I’m out. No saying where this will end up. Maybe I’ll try and buy back in at a much lower SP. Good luck everyone, we need it.
This is being driven down by the PUT Options market .... plenty of contracts there ..
Lowest SP in the last 10 years
And there it is, an all time low. We just broke 89.15