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This should and will recover for sure. Such a giant of a company struggling is really overdone.
This is a really ridiculous situation to see the SP hoovering around 60p - 70p for a good while.
So I expect recovery is on the way when the SP reaches such low capitulation levels
"This is a really ridiculous situation to see the SP hoovering around 60p - 70p for a good while. "
well they did make a loss in H1 and paid the Interim Dividend out of cash resources and don't expect any growth until new FY ....so..no wonder investors have gone away , for now
cant see much change until new Q1 results later in the summer
Unfortunately, the Yanks have put paid to today's mini recovery as per usual and still no buys from Margherita. Disgraceful!
At 4.30 the US indices will miraculously recover as usual.
Its been the same pattern for weeks now. The FTSE starts strong, gets dragged down by US, which then recovers after FTSE closes.
"well they did make a loss in H1 and paid the Interim Dividend out of cash resources and don't expect any growth until new FY ....so..no wonder investors have gone away , for now"
Poker the H1 figures always show a deduction due to Working Capital, this is corrected in the H2 figures where it's added back in. They probably use the working capital to settle Bond debt as it matures. Check out the chart in the link below:
https://docs.google.com/spreadsheets/d/e/2PACX-1vRA1ndHTf_Bz7O_moDxmcbWnEtcusZucUu6lEJvm3O4mGooeH4ErFjRqot3RQHBaVXCgoUED1k2CUVK/pubchart?oid=498591&format=interactive
Told you us would recover after FTSE closes. It's fine with me because I trade US and invest profits in ftse for the income.
Fste is way oversold, including vod, meaning dividends are skyhigh as you know. Mind you US indices are getting a bit hot which is why I am not in there long term now.
I remember reading posts about the overhot US indices and the oversold ftse 10 years ago. 10 years on, FTSE up 10%, Nasdaq up 447%.
Sadly, the stregth is in America, and the FTSE is just dinosaurs.
Don't get price confused with value mole.
The US markets account for c70% of the Market Cap of all of the worlds stock markets. Some US companies are bigger than the whole of the UK market with a fraction of the revenue and profits. A few combined are bigger than all of the European Indices..
US GDP is 18% of the developed World GDP so there is a massive disconnect.
AS with VOD you need to understand what you're investing in and not get carried away with the headlines.
VOD will recover but I'm still not buying yet, nor the FTSE. And definitely nothing that faces West.
I'm heavily shorting Market at these levels as the soft landing won't be as soft as is priced in. If I'm right will VOD buck the trend - of course not..!
Even though the us indices have run a bit hot, shorting them is I believe a mistake as they can always get hotter.
Still no sign of Margherita buying on the "dip"!
Fleccy
thanks,
But the year end EBITDA guidance is flat and cash flow guidance stays at 3.3 billion Euro , so I am not sure that any working capital changes will change the final guidance anyway , which the market is working from
The only way they will show growth is when they move away from comparing against the pre asset sales of Hungary,Ghana,Towers and when the African countries can reduce their currency depreciation which is hitting hard right now
Accenture and Microsoft look good ideas to pursue but will take some time before they show any results
Garonne what is it with your obsession? Who said she was going to make any share purchases?
" They probably use the working capital to settle Bond debt as it matures."
Fleccy
In H1 they part used existing cash to pay back Euro 5.492 billion borrowings and pay the dividend ( cash outflow ) which is why the cash ( cash inflow - cash outflow ) dropped from 11 to 7 billion euro
Garonne´s problem is himself ,as he has invested without knowing very much about VOD and rather than blame himself, he takes it out on the CEO
..shameful, really
Pkerchips
As has been discussed here many times before, vod's future lies in its business services, this is where they have a significant differentiators which many pundits are missing completely. They are growing this segment substantially and they just got started. D
Things will become obvious in the medium to long term by when its too late to load up
" Things will become obvious in the medium to long term by when its too late to load up2
Meshtrader
maybe so,..yes, but the City doesn't park its money and have it sit here waiting for that "medium or long term" .... like Retail might
The City will want to see evidence first and that isn't going to come for a while , on that front
At present I suspect the market sees the current Q4 as being similarly dull as Q3 ( FY guidance suggests that anyway) and may well look to the new Q1 results to see any material change
Beyond that there is the macro... which of course is plodding along and awaits any positive momentum ..Germany still has economic problems whilst China is poor etc and most dont see much change there either until at least the Q2 of the year
Bought in £60k of vodafone and BT - so so cheap!
What’s “medium to long term” in terms of timescales ?
What is also obvious is how fundamentally important good telecoms is to the economy of a country. This can only occur if countries create an environment that is friendly for investment. For this reason I am extremely confident the merger will go ahead and that contrary to the fear mongers, the UK will continue to be business friendly towards telecoms. The share price is low in my opinion because of fears for the UK economy and labour tax rises, but even Labour can see that telecoms is an essential sector that needs protection and that any tax rises will need to come from elsewhere.
" The share price is low in my opinion because of fears for the UK economy and labour tax rises"
....and what about any fears about the German economy (and the German political situation) which VOD depends on for far more of its revenue than the UK ?
Garonne. Give up mate, you have not got a clue what you are talking about. It is not the c.e.o. 's job to buy up vod shares, she probably gets a shed load anyway at a discount in the form of share options e.t.c.
I disagree. A good CEO will show solidarity with shareholders when times get rough, like now. That is if she knows the business will eventually succeed and the SP go up again. It would be a massive boost to market confidence in VOD if she bought in now.
if vod is so cheap why the **** are the directors not buying? she's destroyed vod, she needs sacking asap
There is zero chance she'll be allowed to buy right now. She will be signed up to non purchase/sale agreements as a result of the potential disposals / mergers. all of which she is privy to information that the market isn't so will be restricted by more than the usual restrictions in place
Davef24, If VOD are anything like the company I work for? The directors get loads of shares given to them based on a percentage of their wage so why put your own money in when there is no need to.