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Surprised Vin Diesel hasn't started posting on here. The de-ramping is coming Fast and Furious at the moment
If I saw the company's management getting serious about tackling the huge debt pile e.g. a big cash raise in the region of say £30 billion at about 60p/share I might be tempted to invest..I suppose all will become clear in the next 12 months...
If they are buying back shares they must be stupid. They need cash.
"The company may need to consider a rights issue to stabilise the balance sheet possibly? Aimho!"
The evidence would suggest otherwise, why would they buy back shares to counteract dilution, due to maturity of the MCB's, if they're considering a rights issue? They may as well create the shares, forget about buybacks and just allow the dilution. A Rights issue is highly unlikely in my honest opinion.
Gary - exactly right, I'm very tempted to buy Vodafone cos it seems cheap but it might be a terrible trap also so I just enjoy reading everyones thoughts whilst I decide what to do. The debt is a concern for sure.
Somebody had a nibble just then. It was down 3.30 and now it's 3.00. The only way is up maybe.
Aspers this is a forum whereby posters post relevant information for the benefit of those considering whether to buy, sell or hold. If you only want to read posts bigging up a company I suggest you shouldn’t be investing. What I posted are very real facts having a very real impact on this share price & of relevance to proper investors. In your case if you don’t want to read my posts then filter me, in any case jog on it is obvious that you bring very little to a balanced discussion.
Broker downgrade from 140p to 90p not exactly a resounding vote of confidence? The Elephant in the room is €45 billion debt pile and anaemic growth that is all coming back to haunt the company it appears?..ex dividend is going to see this well into the 80's by the look of it? The company may need to consider a rights issue to stabilise the balance sheet possibly? Aimho!
Welcome to squawk box. Love Joe Kernan. Very witty man. Although they don't mention Vodafone ever as far as i know. Think he went red then.
A CFO upgraded to a CEO often does not work, it is such a big jump and you only have to remember Gordon Brown as PM was a disaster to illustrate a No2 not making it as a No1.
The Chairman cannot sit on his hands much longer but I suspect he will find it very difficult to attract a suitable candidate to replace Read.
No yesterdays Disney moment for Vodafone in the very near future unfortunately.
Gary………..do you not think you should let folk make there own minds up as to whether they invest here or not?
It never ceases to amaze me how so many folk come on here and give advice about not investing here……I am sure it is not through the kindness of your heart.
If you are not interested in VOD then why not just trott along and spout your crap on other boards. Fed up of listening!!!
It is truly horrible, I don't know how he can look himself in the mirror the appalling mismanagement the chaotic over paying on M&A, the inability of IT systems correct in Germany, the fruitless pursuit of the runt of the mobile litter, 3 as if that will be good or even allowed, the miserable sale of the family silver, It's truly pathetic. Our only hope is Etilsalat. He has the gall to ask for cost cutting whilst lining his next for a happy retirement . BTW Dan, I don't work for Vodafone, and so what if I did which I don't
And the ski slopes continue - we will be below 90p before ex div the way this is going - but its ok - Read is doing a great job !!!!!!!!!!!
Down another 2% as I type, sadly under £1 is now the norm here.
I will simply say to those thinking of investing here & or topping up please think very carefully. As we all know the company debt & borrowing to pay dividends is a major concern & this has been discussed at length here. Sadly what has not been discussed is Vodafone's leasing issues. The net debt pile stood at €45.5bn at the last count, that doesn't include €12.0bn of lease liabilities. With declining revenue especially in Germany & ever increasing costs I humbly submit that VOD is far from being a safe haven.
Evenascent, why be bitter, inclusion is key
Altmann Z score doesnt work for a regulated business. A condition of operating in a regulated market is to take debt and create jobs in perpetuity. Spectrum doesnt wear out... Credit Suisse havent exactly managed their operations and leverage very well and looks like the desperation of a drowning man/ woman. Having said that, mdme Lagardes sun tan seems to be fading. SP will track gdp from here imo
HornAndHorus...
Nothing screams fake account like someone joining the same day as posting such a statement...
Congratulations, you now hold the record for fastest time to be filtered from my feed....
Jesus christ I think this is going to rocket to 107.8p on Friday, and then beyond.
"The debt is an issue."
Not as far as I can tell, the assets vs liabilities mean the breakup value would far exceed the current market cap, so should private equity decide to make a play they would have to table an offer getting on for double the current stock price. As far as the debt's concerned. Irrespective of what you say Vodafone have options to deal with short term debt shocks.
We'll have to agree to disagree then, as nothing you've stated persuades me the current price isn't a bargain. Time will tell which one of us is right, but since the price is rock bottom, if I was a betting man, the balance of probabilities would suggest the price is more likely to trend upward from here.
The debt is an issue.
First you have to maintain it. Interest payment was 50% of EBIT, so it doesn’t take much of a margin slip for there to be little or nothing for investors.
Second, as they are pretty much at the max the market will let them borrow, and they can’t pay it down, then to raise funds to keep up with capex you have to sell off assets like towers, and shrink market share in uk doing a deal with 3.
The debt removes options and is forcing management to shrink the company. It can’t be ignored just because the bonds don’t have to be refinanced yet.
One thing for sure these idiotic brokers create some great buying opportunities. I didn’t expect to be able to grab more below 97p.
I am sure they too will be loading up today for their pension funds. Tge very reason they down graded the stock to create an opportunity to buy. Pure market manipulation.
I'm a regular viewer of CNBC and over the last month I've noticed many of the guests are starting to talk up UK stocks. Reading between the lines, it appears sentiment is changing, and UK stocks may be coming back into vogue.
These institutions do this constantly. Either trying to force the price down to protect short positions or drive the price down to buy cheap. Either way they are usually based on their own research and stands out from the rest. You have to wonder why.
"Fleccy is asking how is not a safe place to park money. I would suggest the weak balance sheet exposes VOD to financial risks above comfortable levels should we see a protracted period of tough economic conditions."
The debt isn't an issue, due to the majority of the Bond maturity dates being in the 2030 to 2040 decade, so why do you keep banging on about the debt?
Spinning off the towers is neither negative nor positive, since Vodafone will remain as a partner in the new company, and benefit from revenue associated with other customers utilising the assets, with any future expansion costs shared between the partners. Personally, I hate debt and have strived all my life to keep my personal debt to a minimum, but Telecom companies have always maintained high debt levels, even when they've had opportunities to reduce debt, I can only guess why.
They want cheap shares for their clients!
Then they will change to buy and higher target.
Adding on weakness.