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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Bank of America raises Vod to £1.40
Just to add that you had until end of feb next year to make your decision - so that means she doesnt expect them to get above £1.02 before then - unless she was short of the cash .
I am not sure she bought them . She has taken the cash out of the share save instead of purchasing the shares !!
OK a buy of options but at £1.02 with her own money but is still more than current price of 97p ish and still a show of confidence.
Yes great to see 2 new broker targets, 1 for £1.30 and 1 for £1.40, give it a few weeks and we will be up there again.
Just google Vodafone Bonds and the site comes up with them all listed in various currencies
I'm out. I've been in Vodafone for the best part of 20 years and the share price has done nothing but decline. Year after year promises are made, year after year brokers give higher price targets, yet nothing. In my mind Vodafone needs to sell and come out of some countries completely, get themselves in better financial shape and use any spare cash once debt is paid down to grow in the most promising countries. They are spread far too thinly at the moment.
Nice!
About to creep up.....
Its the same with the government Tere past 12 years mistakes are paid by the public . It is the UK culture. I had a leaflet dropped through the from my MP Tomlison congratulate himself that his government reduced my energy bill by £400. THe didn't day it went up by over 200% in two years. They are real scum.
BoA upgrades Vod, oh dear that only means one thing usually!
sad or not he has to go. Every results day there is a "new" surprise and he sits there saying everything is good when we know it isn't. He has lost all credibility
I would be happy to pay him off, we can't recover under him.
The sad fact is if/when the CEO is replaced he'll leave with a huge payout, yet more reward for failure, seems to be the way with all poorly performing CEO's in the UK.
Vod share price has declined more than 30% this year.
Is that a performance metric a Board can be proud of?
If ****nal had kept Unai Emery, would they have been 5 points clear at the top off the Premier League, I would suggest not.
You can talk as much as you want but the markets give their opinion in a brutal fashion, just ask Liz Truss.
The markets have spoken on Mr Read - not just posters to this Board.
Dreading the undoubtedly new wave of downgrades. Read gets higher remuneration and investors get punished for his mistakes.
Reed is another one of our crop of useless UK Businessmen who we seem to prolifically produce..
"reed needs to be replaced by a wall street american who reacts to market fast and gets job done."
Debt has suddenly become an issue for the market, as demonstrated by recent UK Gilts fiasco, but the market builds narratives around sectors and individual companies to suit itself. If you look at the UK Telecom market, the mixed narratives highlight the manipulative nature promoted by certain media and market players.
If you look at BT, VMO2, UK Altnets, and the narratives pushed by vested interests, we're led to believe the Altnets will chip away at BT/Openreach until the company becomes a shadow of its former self. The recent ridiculously speculative story around VMO2 taking over TalkTalk highlights my point, knocking around 7/8% off BT's share price and ignoring the strength and scale of BT, but as soon as BT talks about Equinox, all of a sudden the Altnets are weak and at risk of failing because BT is wagging its tail.
I used the UK in the above example as its blatantly obvious that BT has been talked and beaten down by market vested interests, but the whole Telecom sector has been beaten down less obviously. Deutsch Telekom has outperformed others due to its T Mobile holding in the US, but that could change in a heartbeat. Chances are the whole Telekom sector narrative will change at some point, with beaten down stocks eventually outperforming.
reed needs to be replaced by a wall street american who reacts to market fast and gets job done.
Very damning article on Vodafone in the guardian, and especially damning of Read.
His tenure has been an absolute fiasco. Surely his time has come, as he will only inflict irreversible damage on this company.
Velo.. Got you sussed? You just want to buy them on the cheap? So do I, but I have run out of money! What part of buy low, sell high don't I get? Can anybody lend me a few grand?
longtimeinvestor. I hope you are right about that, the low% rate. If so then no need to cancel the divi, but if the future rate rises, then a need for caution. Cheers mate.
Vod
Posts below are a bit late (years) in condemning Net Debt.
Net Debt is hardly any different to the past 3 years!
This will make 4 years of very similar Net Debt.
Similar - not shockingly worse!
A relatively small reduction in earnings has been issued. Over €1.5billion was previously forecast.
Today that has been lowered but it's still circa €1.5billion!
Yes, down a few low hundred million. Not down a billion but a few hundred million.
Technically the wording is being regarded as a profit warning. However I have a ton of data on profit warnings and the average one day fall after such announcements is 20%+) usually more) in most cases, but the lowest comes in at circa a 15% drop. VOD has done approx a one day 8p/8% drop.
That is not a typical profit warning reaction!
Should the SP go on to drop the equivelant of 20% from Monday's close then I'd be prepared to make a special case for VOD and treat it as a proper profit warning. And that opens up a whole new can of worms. And that's another subject (post is long enough :) it
Been on the motorway all day so tired now after studying the past 3 years almost identical net debt so not posting them but will wait to see if the next 2 years estimates (by analysts) of fantastic Net Profits get adjusted down and will post those soon (couple of weeks)
But at the moment the huge net profits forecast for the next 2 years are still the same.
Probably will come down a bit, but not much by the sound of things; because -
Revenue is up for H1
So is Operating Profit.
However Net Profit is a little down on last year. Just a little only, though.
But Net Debt is approx over €1b higher. When you're talking about the past 3 years being in the lower end €40b's then €44b last year/€45b this H1, which is still in the lower 40's, is hardly the end of the world is it?
Key is how the SP reacts in the coming days. Needs to drop at least another 8p yet again (and then some; that's the bare minimum required) to become a more serious concern before it can be regarded as a propa' pannicky profit warning.
Haven't worked out a floor yet (tired)
(And need to see analysts new 2 year replacement forecasts based on today's news) so please keep the bearish posts coming so I can consider getting a bargain-priced small tranche in the margin of safety category :)
Cheers Rob & thanks for replying. For me today has been a disaster, so nice to have friendly reply. I think I will just hold. It is all about debt. The old saying was,income £1.10p outgoings £1. bliss. Income £1. outgoings £1.10 misery. It is a fine line, even more so when you are highly geared as vodafone is. Whoever had been C.E.O. of vod over the last 5 years, I think the result would be the same. There is no point moaning about his high salary, if you had paid someone less, it would probably have been even worse. Lets face it, it will take a very clever C.E.O. to get us out of this mess,& I for one will be happy to pay a big salary if he/she can do it. The trouble is nobody will take the job unless you pay them a big salary up front. I wouldn't of course , because I would not have a clue, the same as everyone else, on this know it all forum.
Hello Porsche1946
Welcome back and any possibility of a reply to my question a month or so ago please?
Cheers