Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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"as an after thought how can someone buy nearly 1o% of a company and the share price as been on the decline for the last mouth or so? do they buy in drips and drabs of a whole lot in one go?"
Typically bought in drips and drabs, but also an over the counter deal with one or several larger holders.
I believe they started buying at around the previous financial update in February.
Hi Rob Dan etc....interesting times not sure what's gonna happen tomorrow but this has got to open 130 as for the end of week going to stick my neck out and say 140 optimistic i know but fingers crossed.....as an after thought how can someone buy nearly 1o% of a company and the share price as been on the decline for the last mouth or so? do they buy in drips and drabs of a whole lot in one go?
Another load of rubbish against me . I really hope it is good news for all you shareholders and my colleagues who still work at vodafone . Why on earth wouldnt I - shame some people on this board take delight in attacking other board members
mikey must be disappointed with the good news, it will put his negative drivel to bed for a few days
I will go 125 for Monday and 127 for Friday
no problem mole, so due to the new events guys can we have all your predictions in by tomorrow evening please for Monday close as well as Friday close and i will put them up tomorrow evening cheers, and fingers crossed this may give it the boost we have been waiting for
Robleo, you can organise a quick guessathon for the reaction price on Monday by close at 4.30. I put my hat in the ring with 121p
Absolutely terrific news, yes they cannot bid for Vod for at least 6 months having said they are not intending to on this buy.
These guys have serious money, they are in it for the long haul after the oil has gone, Mr Read will be quaking in his boots tonight, this is another step closer to his exit.
So where do they get these shares from? Is it a cash injection via treasury sales? How do you buy that much on the opern market? Anyone know?
Nice to have positive news on here for a change ..
Gl all
May still be shorts - who knows
“Notice: We no longer track disclosures after they drop below 0.5%. It is possible that the manager still holds a short position even if we are showing it as zero”
https://shorttracker.co.uk/company/GB00BH4HKS39/
there are no shorts. Whos gonna get burned?
.
With this UAE investments, there will be less shares to go around. To the tune of up to 9.8%
I was moaning about the generally weak ownership structure on FTSE, and UAEs have shown them how this is done. Perhaps the best thing that could have happened to vod.
I trust my recent posts cement and bring home the message i have been conveying - charlatan "brokers/analysts" putting out a claim on behalf of their client(s) to push down prices so they can gobble them up. At least in the case of vod, this seems to have been a rather obvious tactic in the last few weeks.
if this combined with vodacom in africa could be good to roll out MPESA across the continent
Moov – West Africa
In Africa, Etisalat acquired 50% of Atlantique Telecom's shares in April 2005. Based in the Ivory Coast, AT owns mobile operators in Benin, Burkina Faso, Togo, Niger, Central African Republic, Gabon and Côte d'Ivoire. In 2007, Etisalat increased its shares in AT to 70% and again in May 2008, to 82%.
Etisalat Group's brand MOOV operates throughout West Africa, in Benin, Togo, Gabon, Niger, Central Africa, Burkina Faso (as ONATEL) and Côte d'Ivoire, Serving over 50 million people. MOOV covers on average 60% of the populated areas in each of its countries of operations.
looks promising guys, will be interesting to see how the markets react on Monday
UAE’s Etisalat Pays $4.4 Billion for Almost 10% of Vodafone
Etisalat says no plans to make offer for rest of Vodafone
Deal makes Middle East company Vodafone’s biggest investor
ByAnthony Di Paola and Jack Sidders
UAE phone company Etisalat Group said it bought a 9.8% stake in Vodafone Group Plc for $4.4 billion as the Middle Eastern telecommunications provider seeks to expand globally.
Etisalat Group offered about 130 pence ($1.59 dollars) a share, according to Bloomberg calculations. That’s a premium of about 10% to Vodafone’s 117.82 pence closing price Friday. The purchase makes Etisalat Vodafone’s largest shareholder, ahead of BlackRock Inc., the Vanguard Group Inc., and HSBC Holdings Plc, according to Bloomberg data.
The government-controlled company plans to remain a long-term investor and won’t make an offer for the rest of Vodafone shares, Emirates Telecommunications Group Company PJSC, or e&, as the Abu Dhabi-listed group is formally known, said in a stock exchange statement.
Etisalat Group “made the investment in Vodafone to gain significant exposure to a world leader in connectivity and digital services” and aims to develop opportunities for commercial partnerships, it said.
The purchase comes as Vodafone faces pressure from activist investor Cevian Capital AB, which has called on the telecoms giant to simplify its business and pursue deals to improve returns. The company is in talks to combine its UK operations with rival operator Three UK, owned by CK Hutchison, the Financial Times reported earlier this month.
Read More: Activist Investor Coast Capital Builds Stake in Vodafone (1)
For its part, Etisalat is stepping up deal activity after sitting on the sidelines and focusing on organic growth in recent years. UAE’s largest telecoms player, is also seeking to buy out the rest of its Saudi Arabian unit in a $2.1 billion deal. Etisalat built has a presence in several emerging market countries in Asia and Africa in a previous expansion but had to write downv some of its investments in countries like India.
Etisalat’s stake purchase in Vodafone comes after French billionaire Patrick Drahi accumulated an almost 20% stake in BT Group Plc. Drahi, the president of telecommunications company Altice, has said the BT stake is a financial investment.
Read More:Drahi Tightens Grip on BT’s Future, Raises Stake to 18% (3)
The United Arab Emirates has developed as a business and tourism hub of the Middle East. The Persian Gulf state has parlayed its oil wealth into developing technology and logistics industries
Hi Dan, yes of course i was just pulling your leg about that, don't take any of this too serious what will be will be, but obviously I'm not going to support any ceo when my investment is reducing, but no easy solution to that, just hoping they can make some good decisions to increase the sp, it is a bit disappointing when you see it dropping right down again, so hopefully they can pull something good out of the bag, let's see what happens next week
cheers mate
Thay have signifiant presence in afica. could they merge the units?
Egypt Etisalat Misr
Algeria Etisalat
****stan ptcl, Ufone
Afghanistan Etisalat Afghanistan
Benin Moov
Burkina Faso Moov
Central African Republic Moov
Côte d'Ivoire Moov
Gabon Moov
Mali Sotelma
Mauritania Mauritel
Morocco Maroc Telecom
Niger Moov
Togo Moov
Chad Moov
Surprised BB not buzzing with this other than 2 posts.
https://www.bloomberg.com/news/articles/2022-05-14/uae-s-etisalat-buys-9-8-stake-in-vodafone-for-4-4-billion
Hi robleo, Of course we wont fall out, & I can only assume you are joking when you say Nick is my hero? As I have said many times, who should replace him, no good sacking him,unless he is replaced by someone better? But time to move on from that one, as I not going to get a sensible from anyone on here? Have a good w/end, cheers mate.
Maybe the price was dropped yesterday to help this.
What will happen Monday....?
Have you seen it?
Hi mole, i hope you know i was joking about that bit lol, will be an interesting week if nothing else