Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The big % dividends has just reduced the SP by a corresponding amount plis.more it appears..and the rising debt appears to be causing the dividend to be reduced or frozen over the past five years.. Five year performance...November 2017 SP 235p, Annual Divi circa 15p, Nov 2022 SP 95p, Annual Divi circa 9p....so for 57p in dividends the SP has gone down by 140p? Can't remember if any special dividend paid during that period, someone will enlighten me? Where is this all going?.. during that time how much have the BOD been paid? Aimho Adyor!!!!
Thanks Danielh (Sorry for not replying sooner playing golf yesterday and got stuck at the 19th hole) But do you mean 100k not 1m makes sense at 100k
Being with vodafone for years and smiling makes me wonder. You must have lost around 40% of capital value. You also have a dividend now on 90 rather than 1.40. Also have a lot more debt. Tighter maker with interest rates
As they say futures not bright the futures not orange and not vodafone.
Gary59……….what a lit of twoddle you talk! I have been in VOD for a good few years now and have never witnessed such falls post ex div. I can only guess you are trying to get in on the cheap…….as for debt it really is no big deal, if it was this really would have tanked. All big companies rely on huge debt to assist their expansion.
In my opinion VOD is dirt cheap now and a pretty rick solid investment going forward.
One point that seems to be have missed by posters on forums such as this, but not by the market, is if you look at free cash flow the next dividend is being paid for by debt. So it seems that Mr Read and his BOD are quite happy to add to the debt pile. My own take is that had they cut the dividend this time round the SP would have tanked more than it did. As for buying before XD day VOD’s SP has a habit of reducing by 7 to 8% when it goes XD so be careful out there.
Thanks to you all that replied, will try to get in sooner to rather than later. Hopefully at or near the bottom, accepting that many on here think it’s not yet bottomed out!
Apoligies ..... ex-dividend 24th Nov ..correct
https://www.lse.co.uk/rns/VOD/half-year-report-bdxtl55hncka401.html
The interim dividend per share is 4.5 eurocents (FY22 H1: 4.5 eurocents). The ex-dividend date for the interim dividend is 24 November 2022 for ordinary shareholders, the record date is 25 November 2022 and the dividend is payable on 3 February 2023.
Copied from RNS so these are the dates
Mulder. Last thing I heard, the activists were very supportive of Nick Read. Have you heard anything different?
Robleo , your quite right on both your points ..buying after ex div dates , pleased dividend was held , just trying to be positive for a change...
Season of good will
according to Hargreaves, Interim ex-dividend date
24 November 2022
roofer what concerns me is she share price usually drops quite a bit more than the dividend, at least that has been the general trend with Vodafone
atb
Read has had almost 5 years in post. Was promoted from within. His time is up.
Activists will be super unhappy and pushing for this also no doubt.
Ref: dividend , its in 15th Rns ...states interim 4.5 eurocents record date 25th Nov , ex-div will be 26th , Sp starting to pull back now , most of all volumes are alot higher with plenty of buyers bodes well...atb
Thank's Mikey.
Based on the one I was in before I retired it finished September 1st and then you have 6 months to decide if you want to take your cash back out , purchase the shares at the option price and hold onto the shares , or sell them at the price it is at when you decide to sell .
Thats if it runs full term . You can always cancel at anytime during the 3 or 5 years depending on how long you took the option for and take the cash out and start another scheme if it comes out lower . You can take out as many sharesaves as you like as long as you dont go over the maximum amount of £375 a month over all schemes - this maybe different for other companies though .
I am not sure when the option price is set . Vodafone did 2 schemes a year and the option price was 20 % off the average over the 3 previous closing prices .
Hello Mikey. Thanks for your reply. I have been involved & know people who have been in share option schemes. It is quite common if the sp performs bad to withdraw your money mid term & take out a new option at a lower price. I guess the rules may have changed, but I wondered if you know when the option price would be set? Would it be February. Are the options different for the Directors? Cheers.
Daniel
I suppose it depends how low she will think it will go and how much she will pay in charges etc to cover the difference in the £1.02 and price now.
Dividenddata site. has same date and I know it was updated recently so guess ex div 24 th Nov
Mikey. Good point. I agree, she either needed the money, or withdrew it so as to buy the shares at todays price. If the latter is true though, I don't get your 2nd point, that she doesn't think the price will go above 1.02 before Feb. If the price rises above 1.02, she will make more money buying today at 96p than paying 1.02 for the share option.
"BoA upgrades Vod, oh dear that only means one thing usually!"......well as I expected...until the €45 billion debt is resolved I don't imagine this will ever reach 140p...120p could even be a very long way off? Beware Broker targets...!!!!!..I especially like the Deutsche 215p...it's been calling 230p for an eternity...lol its the funniest thing I've seen in ages..Aimho Adyor!!!!
https://www.lse.co.uk/ShareBrokerTips.asp?shareprice=VOD&share=Vodafone
Anybody still not sure how it works, please read the R.N.S. today on this site.
Sorry if this has been asked already but I can’t see it has recently…is the ex dividend date next week on 24 Nov?
Dividend max suggests it is but can’t see it on the Vodafone website?
Thank you
The bond site is out of date. It’s still listing the $1bn they should of paid back in September, assuming they did manage to refinance it.
Bonds increased from 48bn to 50bn in the half year, despite converting 2.5bn to stock so in reality increased by more.
There are also a myriad of derivatives linked to the bonds currently giving an additional liability around 3bn.
All said and done, interest is 50% of EBIT. Too much debt for my liking followed by irresponsible actions like extending the buyback.
Avoid.