The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
" I also wonder if VOD would be considered a critical asset by the government and prevented from takeover."
VOD UK is just a small part of VOD ...so it would only involve that part of the business .... with regards to any UK Government interference ...
Foreign companies own airports , water , electricity ,rail etc etc within the UK ...so one does have to wonder what actually defines "critical asset" anyway
The only surprise is he is staying till next year.
Go now.
* to HELP bankroll the €14.8bn towers business stake
Putting together a "hostile takeover bid" would take a massive amount of work and would need to have the finances in place to be taken seriously to even be considered for announcement .....plus on top of that ..you need a pretty strong plan to get the finances , which at the moment is unlikely due to market conditions ..... PE like GIP and KKR are not going to have the cash for it ..they would seek to raise debt/consortium of lenders ..something the current debtors would have to agree on
..They needed the Saudi Arabia’s sovereign wealth fund to bankroll the €14.8bn towers business stake
Interesting now is if strategic investors like Cevian Capital re-take a stake if they believe the new CFO/CEO intends to move on restructuring ....or ..are they just going to drift along until a new CEO gets appointed
maybe other Middle East investors will take a stake , like Emirates Telecommunications Group did ...or maybe involvement from that Saudi Arabian sovereign wealth fund
not much going to happen until Spring at the earliest I wouldn't imagine
Haha hostile takeover bid for this pile of steaming shxt? It has debts of 40b in a rising interest rate environment, no investment bank would lend any party the money to buy a dog like Vod, especially as once dividend is slaughtered and the numbers in Germany start bleeding off even more these will be down to .65p. Terminal, like U.K. in general.
I agree! but I still think the hostile takeover bid would be at a significant premium to current share price.
I wonder if VOD will introduce an anti-takeover plan like BT did.
I also wonder if VOD would be considered a critical asset by the government and prevented from takeover.
The influencers internally and externally got what they wanted.
I am still of the opinion that loaded PEs and wealthy individuals are looking to snap up dirt cheap assets. Once they have attained the golden portion of the votes, the narrative will, over night, change to one of optimism etc.
Wash, rinse and repeat.
In summary, a hostile take-over attempt is "imminent".
" £19,000 car allowance seems really stingy for a CEO."
probably done for Tax reasons ...tax on Company cars is high, the bigger the car and the more its omissions
Not sure how Dan will feel about this news, maybe it's best we don't tell him ?
Let's just hope the sp will benefit from it in the coming months/years
£19,000 car allowance seems really stingy for a CEO.
" Nick Read will receive his salary and benefits during the remainder of his employment (to 31 March 2023) and thereafter will receive an amount in lieu of his salary, and continued participation in the Vodafone Group Private Medical Plan, during the remainder of his twelve-month notice period. Payments will be made in monthly instalments, subject to any mitigation in accordance with the service contract, until 5 December 2023, when his notice period would otherwise have ended."
He is literally being put on Gardening leave from April 2023 to December 2023 ....they really must have wanted him gone
-------------------------------------------
VOD paid €7.2 billion for ONO in Spain and has never really made any progress or profit there - plus losing the battle for Másmovil to one of the main competitors,Orange .....Evercore now looking to finally sell a stake for VOD there ... a highly competitive pricing market ....
Italy is equally highly price competitive with low cost models
New CEO has to make some real decisions that Read has delayed
Are you serious? Those words " share price perfromance" this actually translate to 50 BILIION wiped off the market value of the company , of course it is why he gone, he has turned the largest mobile phone company by revenue into a tiny here today gone tomorrow bit player.
Hi Kryten1,
Re your posting at 08:23 today, in which you ask:-
"Quick question guy's, as a fairly new investor does the amount of dividend depend on how many days you've held the share. ".
The simple answer is "No". With each dividend payment (with Vodafone there are 2 a year), what it depends on is the dates you held the shares - with each particular payment you either get it in full, or you don't get it at all.
In this case, the dividend was announced on 15 Nov 2022 (if you press the "RNS" symbol near the top of the page, and scroll through the list of announcements for the one dated 15 Nov 2022 you can read their half-year results in which the dividend, with dates, was announced). The "ex-dividend" date was stated as 24 Nov 2022. If you owned the shares on 23 Nov you will get the dividend, whereas if you bought them on 24 Nov or later, you won't get it. The declared dividend was 4.5 Eurocents, and about a week before the date the dividend is due to be paid, there'll be another announcement as to what it will be in Sterling (ie in £/p). It's due to be paid on 3 Feb 2023. Very very roughly, it will be about 4p, but it depends on what the exchange rate does nearer the time.
I hope that helps.
Mike.
92 for me
Bye Bye Nick - hello ski slope
Finally....30% rerate coming now
I don't believe the share price performance is the reason Read is going, usually these things happen when the CEO and Board of Directors disagree on strategy. I expect news will leak out, explaining Read's hasty departure, big market players/investors probably already know the reason, and have driven his ousting.
"If you believe that you can buy vodacom direcly. No need to buy vodafone."
I don't invest outside of the FTSE, and I don't need to since Vodafone own over 60% of Vodacom.
If you believe that you can buy vodacom direcly. No need to buy vodafone.
"There is no need to vodafone to hold vodacom. They should just split the company in 2, and just distribute the Vodacom shares to the shareholders. Let them decide which one they want to keep."
In my opinion Vodacom is an important asset to keep, Africa is an important growth area and includes assets like MPESA. It would be madness to reduce holdings in Vodacom.
shorts closing positions this morning me thinks
Here comes all the “Vod should do this or VOD should do that brigade”. No-one on here has the first idea on how to run a company the size of Vodafone but the armchair CEO’s will have their say AND display their stupidity.
There is no need to vodafone to hold vodacom. They should just split the company in 2, and just distribute the Vodacom shares to the shareholders. Let them decide which one they want to keep.
" What are we expecting with the sp today?"
----------------
- GAMECHANGER!
Busy now. Laters - if I can......
THis is stella news, stop carping on about dividend cuts you all sound like remoaners, let's rejoice for a while in the knowledge this man who has destroyed shareholder value and reducued this once proud huge company to a minion player has gone. hip hip hooray