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Last low top up was yesterday, onwards my friends.
'Capital Allocation review would take place in May'
The detail in the rns says 'option'
The story still reads like growing off a lower base.
It's a flippin pension scheme that just realised it was being commercial all these years.
Who knew?
What's funny is that this news isn't appearing on the front page of FT. An 8bn deal in the UK is substantial.
FT just licking the behind of American garbage stuff. Japanese owners paying lip service to their American overlords.
I'm not in the game of making price predictions, but I'll be gobsmacked if the price doesn't go up on the back of this RNS.
Oh no, I was planning on topping up much lower from here before this happens.....
Bad move strategically to announce both news at the same time..
Is that 8 billion less than investors were hoping for? Was 10 billion bandied about previously? I can't remember the detail. I guess we'll see in 15 minutes or so how the market perceives it.
Let's hope we can finally break 70p today!
I thought they said the Capital Allocation review would take place in May? It makes sense what they're doing.
Why?
A- signalling to markets the final dividend of 4.5 to be maintained
B- share buybacks of over 4bn
C- Dividend rebasing to 4.5p from FY25
Putting things into context, the suggested buyback represents ca 22% of the current market cap. With the final div of 4.5, big investors will be scooping in to secure 6.6% div yield from FY25 and getting another 6.6% for free.
All in all, the sp won't take long to rocket up to 100+.
A 5% dive when the share price is quid is the same as a 10% divi at 50p
Certainly radical stuff. Margherita's grabbing the bull by the horns. Buybacks are good at current levels and should significantly reduce share volume and therefore shareprice. Let's hope the market takes a positive view. God knows we need it!
This could go up 10% or down 10% have held long enough to give up hoping...Think i might head to the fallout shelter for the day....
Up 5% on Tradegate
For once, here's hoping the markets look favourably on this. Await the opening with bated breath!
Just read that as well….
“ FY24 total ordinary dividend expected to be maintained at 9.0c per share and ordinary dividend to be rebased to 4.5c per share from FY25 onwards;”
Better income plays out there now imo. Esp insurers like Phnx that are increasing dive and cheap atm.
Usual caveats
Trek
Not surprised at dividend cut hopefully sp will climb in the coming months at which point I will exit at the first opportunity...
Would like to see the shares recover to 100p, at which point, I sell up
50% divi cut, but share buy backs, always a hot topic buybacks not sure what to think.
The Board has approved the capital return through share buybacks of up to €2.0 billion of proceeds from the sale of Vodafone Spain. This is expected to commence following completion of the sale of Vodafone Spain. The Board anticipates the opportunity for further share buybacks of up to €2.0 billion upon completion of the sale of Vodafone Italy. It is expected that the total return to shareholders for FY25 will be up to €3.1 billion, representing €1.1 billion in ordinary dividend payments and up to €2.0 billion in share buybacks. This represents a 23% increase over the expected total returns to shareholders for FY24 of €2.5 billion
Should be a fun one today - happy to see the nettle grasped and perhaps a realistic reset for a brighter future.
Dividend rebased (cut) from 2025 to 4.5c
FY24 total ordinary dividend expected to be maintained at 9.0c per share and ordinary dividend to be rebased to 4.5c per share from FY25 onwards;
Swisscom, a major telecommunications provider in Switzerland, announced on Friday its intention to acquire the Italian branch of Vodafone Group Plc for €8 billion. The acquisition aims to merge Vodafone Italy with Swisscom's own Italian subsidiary, Fastweb.
"Vodafone Italia and Fastweb will bring together complementary high-quality mobile and fixed infrastructures, competencies, and capabilities to create a leading converged challenger in a market with material growth opportunities," Swisscom said in a statement.
The deal is pending regulatory approval and meeting customary requirements. However, Swisscom has confirmed that it will not require a vote from its shareholders and that the transaction is expected to close in the first quarter of 2025.
NO LEO SERVICE WILL EVER REPLACE TERRESTRIAL MOBILE OR FIXED LINE FIBRE SERVICES.
I put that in capitals because people keep mentioning Starlink as if it'll replace terrestrial 5G, or fixed line fibre broadband, which'll never happen. Radio Frequency communication is limited by factors like gain of the system, distance, frequency, modulation technique, etc. The problem with satellite to Earth communication is the amount of gain required for the massive distances involved and the frequency/bandwidth limitations due to atmospherics. Starlink wouldn't be able to put enough satellites up there to cope with a fraction of the mobiles used daily in urban areas, at best a LEO might be able to service a limited number of calls in remote rural areas, and even then they'd probably struggle with handover's between satellites.
So anyone who believes that Starlink will replace terrestrial mobile/broadband services don't understand why it isn't possible. Communication providers could use LEO's to backhaul 5G from cell sites using higher gain terminal equipment's, but direct to mobile satellite services will only ever achieve a limited service for remote areas.