George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Vod 12.455 on the nas, which equates to about 1.06.8p So lets hope for a big rise tomorrow? That is Rockets, not ski slopes. (for the benefit of Happy Mikey)
It's very sad when Mikey only posts on here when the sp has fallen, or he predicts it's going to fall. It must be very depressing to be that negative all the time. There is nothing worse, that an ex vod employee, with a big grievance, & massive chip on his shoulder. Instead of ski slopes, how about rockets for change? It might even cheer you up? (stranger things happen)
The outsize gain on the NYSE is due to exchange rate. Dollar weakening so sterling rising 2.73% today. Dollar ADR holders get the additional gain.
Yep Dow flying tonight , inflation numbers lighter
Vod 12.46$ up 4.44% currently ....should hit 1.20p soon .....atb
lets move this up
Strong rise is down to CPI coming in lower than expected in USA. Those yanks again. Everything up, for today that is.
Deutsche Bank Reiteration
Cheapsharesboy. I agree, it is a good compromise deal. It sounds complicated, which is why perhaps, the market took time to realise this, hence the strong rise (so far) today. Of course you will always get the usual nonsense, knee jerk reaction from some on here, but that is why they are just ordinary investors, & not the C.E.O. of vodafone!
I think it's an excellent deal with up to $7B sold, still 50% retain in Vantage towers.
Why would you sell it all?
It's best to retain control of your own operations whilst realising ££££.
See if today will bring in a rise in the share price as the news sinks in
Being positive about it, they have guarenteed funds for debt pay down as it comes due in next 8 years.
Anyways, next week we hear if they are still committed to the dividend policy and if there is any sweetner.
Terrible CEO. They should have sold the whole Holding
KKR and GIP Nab a $16 Billion Telecom Consolation Prize https://www.bloomberg.com/opinion/articles/2022-11-09/kkr-and-gip-nab-a-16-billion-telecom-consolation-prize-from-vodafone?leadSource=uverify%20wall
maybe some earnings dilution and completes in 2023 so perhaps market dissapointed not sooner. Liquidity is tight?
When do they get the upfront payment?
The amount of JV VOD will hold is variable. Intitally it is the 81% they already own. I think the initial KKR funds going in are to buy out the listed shares of Vantage. They are then looking for KKR to raise more debt to take it down to 50%.
LondonCentric. It sounds like you should stick to playing Sega games then?
How much of Vantage vod holds after the deal?
Must explain the sp drop.
this should be good news!!
Alex Aka Alex the Kid is a Sega Game from early 90's its my nick name for Nick Read Vodafone CEO.
I am very surprised at the muted reaction to this. On paper, whilst I appreciate its not fully concluded, this looks like a good deal for VOD and at a considerable premium ‘in line’ with other strategic infrastructure partnership deals. So if it’s not the financial terms, as ‘in line’ that have resulted in a muted response then perhaps it’s because it’s a JV and not a clean break.
The share price reacted positively to a previous hint of IPO so one is wondering if it is just too slow and the in built uncertainty regarding the take up of minority VTO holders. Regulatory process is a known unknown. Or perhaps it’s the new BoD appointments! Lol!
It does seem odd. I was expecting this news with the results.
As for the results I am not expecting much given that at the July update it was the UK that supported the disappointing European results, especially Germany.
Fast forward to now and I think it will probably be disappointing results in Europe and UK plus higher churn in Africa!
My reasoning for buying here was that with the forward looking market those results are expected with a neutral response and they should be in the share price. The VTO deal was to be the catalyst for a rerate.
I don’t see an increase in divi just yet (famous last words) as we have the buyback to offset the MCB. I agree with other posters here about deleveraging in preference.
Following todays response it’s really going to be a tougher call now gauging the market reaction on results day. I just don’t see anything lighting the SP up just yet.
Hence I have reduced taking a 6% profit on those shares and have cash to cover my position. If it booms 5% all well and good if not I have options.
Good luck with your investments
Usual caveats
Trek
LondonCentric. Who is Alex Reid you refer to in your post?
Hi Roofer. None of these sites give future divi predictions. Only divi max, but after 30 days you have to pay.
He just cant stay away. So much for 1.10. An obsessive, compulsive, negative liar. Get a life.
Good to see you're back Mikey even for the just one post.....