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69.80p close! BT down only less than 2% after 20% rise since the result. This super share down 3.3% just on a broker downgrade.
Market super high now... Voda on 60's mean we will be looking for 59p soon!
This is not bargain share but a bargain trap...
Got to admit now it’s closed below 70p, I do fear it will drop more. There’s definitely demand at this level but the 70p breach could make a lot of holders panic sell.
It’s got to close above 70p going into the weekend IMO !!
Hi pokerchump. Not a good day today. We need 70 plus by the w/end. Have a good one.but don't panic!
Poker it's already previously dropped below 70p this year and soon recovered, evidence suggests this dip below 70p will also be short lived. If the market does succeed in driving the price down considerably from here, I expect there'll be takeover interest.
It’s not the dip but the close that is worrying. If buyers don’t come in at this price, this could drop to the next key level.
Meanwhile, no news of any kind emanating from the BOD. You'd think a company that owns so many telecom businesses around the world could muster some positive messaging to try to stop the shareprice carnage. I bought here for the dividend. What a mistake that was as I've lost X2 in capital. This "new" CEO must stop the rot or move over to make way for someone who can. It worked over at RR, so why not here?
If the share is going to go crashing down why have none of the fund managers opened up an easy short position.
Not really Poker, clearly there's a lot of resistance below 70p. This close could be the market having one last shakeout before pushing higher, the next week or two will give a clearer picture. I didn't see VOD dropping below £1, but here we are and the lower it goes the more chance something external will drive the price higher, like takeover interest.
70p could be the bottom. It’s visited here a good few times and bounced back. Nobody knows and tomorrow and next week are the key for me as to whether the next leg is up or down. As for shorts opening, that would be a very bad omen.
Https://www.msn.com/en-gb/news/uknews/uks-largest-mobile-firms-sued-for-3bn-amid-claims-they-overcharged-loyal-customers/ar-AA1laQIe
A class action against the large mobile phone operators should show some interesting movements in the sp.
Vodafone investors should however be used to dropping share prices.
I know I am, share price down ubstantially, my average shows a big loss, but the dividends over the years have taken some of the sting out of the pain.
Its against all the 4 providers.. so not a big issue.. They will defend it somwhow as its 4 against 1.. FTSE up today so I hope Vodafone follows the trend from here!
No doubt the sp will take a pounding today
Can’t see this moving up I’m afraid
The market doesn’t like MDV it’s that simple
And all we hear is shockingly bad feedback from ex customers and ex employees and no doubt ex suppliers if they weren’t gagged - sure Africa is growing but they’re probably just grateful for a phone signal and 2G
Yesterday's dropp was 90%+ caused by the ridiculous lawsuit in the UK.
At every turn the least profitable sector is getting shafted left and right by these rogue european governments.
UK by far the most banana republic kind of them all with the least competent officials who are more suited to jobs at a circus.
All this indicates the telcos have severely mispriced their services and as a result the consumers and businesses will have to face much higher fees in the future.
This isn’t going to improve anytime fast & I can see it falling further. Vodafone is struggling to generate enough cash to pay the dividend, which cost it a thumping €2.5bn in 2023. Adjusted free cash flow fell 11% last year to €4.8bn and it's expected to slide again, to €3.3bn in 2024.
6 million customers lost in just 2 months & debt re-structure is going to cost a lot more.
So, who in their right mind would buy here?
The only thing going up is the dividend yield lol
If the dividend is maintained, an 11% yield is a nice sweetener for new buyers. I've bought and will continue buying around this price, because even if the dividend is reduced or stopped the stock is cheap.
It’s over 30% less than where you thought it wouldn’t go below hey Flexcy
So now you believe it won’t go below here….
Jax posted "Yep sold at 79 back in with half at 70"
So are you in or are you out Jax?
You promised us the 50's. When is that going to happen? Never!
Buying at 70p when you are convinced the price will be much cheaper in the future is the investment strategy of a simpleton. GLA
".....& debt re-structure is going to cost a lot more"
They have two Bonds maturing in 2024 , one for €750m in January and one for CHF 350m in December .... so whilst refinancing will indeed be at a higher rate , nothing too much they cant handle
2025 is the year where there is considerably more to re-finance
https://investors.vodafone.com/debt-investors/bonds-outstanding-eu-and-us
".....If the dividend is maintained, an 11% yield is a nice sweetener for new buyers "
well, Fleccy....the final dividend decision will not come until next May....so the market will make its bets on whether some of that gets sliced off...or not ...
At the moment the market must be betting in the futures markets with Puts etc that the odds of it being sliced are increasing... at present ... Q3 results in February will be the next Update to see what progress has been made
60s will become high
I don’t know what’s worse being an investor is this junk or being a locked in customer….
It’s what nightmares are my of.
Spain and Ily will have likely been offloaded from which there will be at least 15bn to pay off outstanding debt. The debt refinancing in 2024 is likely to be paid off by cash. The others due for refinancing will be multiple times covered by the new cash.
So all smoke and mirrors. The total debt will also shrink massively as a result of the 3 merger. In 2 years time we will be looking at a net debt of ca 10-15bn.
As for the puts - if div is slashed, the sp will jump significantly so the logic of puts is flawed, unless your thesis is based on market agents using the puts as a way of sending a signal., which is equally flawed.
Not sure about that mesh. Cutting the dividend would make a lot of sense for the business at the moment as 11% is too high, but many are only invested for the dividend. I suspect that any talk of cutting the dividend (that seems inevitable to me) will lead to a further slide in the SP. But it's all about time, has it been factored in? How long would the slump in perception last before the reality of it being a positive for the business kicks in. Interesting times, low spread, question is "is it good value over a sensible time frame"?