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One point that seems to be have missed by posters on forums such as this, but not by the market, is if you look at free cash flow the next dividend is being paid for by debt. So it seems that Mr Read and his BOD are quite happy to add to the debt pile. My own take is that had they cut the dividend this time round the SP would have tanked more than it did. As for buying before XD day VOD’s SP has a habit of reducing by 7 to 8% when it goes XD so be careful out there.
Gary59……….what a lit of twoddle you talk! I have been in VOD for a good few years now and have never witnessed such falls post ex div. I can only guess you are trying to get in on the cheap…….as for debt it really is no big deal, if it was this really would have tanked. All big companies rely on huge debt to assist their expansion.
In my opinion VOD is dirt cheap now and a pretty rick solid investment going forward.
The big % dividends has just reduced the SP by a corresponding amount plis.more it appears..and the rising debt appears to be causing the dividend to be reduced or frozen over the past five years.. Five year performance...November 2017 SP 235p, Annual Divi circa 15p, Nov 2022 SP 95p, Annual Divi circa 9p....so for 57p in dividends the SP has gone down by 140p? Can't remember if any special dividend paid during that period, someone will enlighten me? Where is this all going?.. during that time how much have the BOD been paid? Aimho Adyor!!!!
If the current trend in Debt, Divi and SP is maintained from 2017...you might still get 7% but the Debt might be €50 billion, the SP 70p and the Divi 6p...BODs salaries +25%...not a great recipe that would be if it played out?...just a thought. Aimho Adyor!!!!
Also if the Debt did rise to €50billion and SP fell to 70p I'm not sure how the Debt rating agencies would feel about that as the Debt to Capital ratio would be eye-watering? Aimho!
moniman. " Aimho!" Nothing humble about your opinion!
Well Dan, I don't remember you calling this from 235p down to 95p...and the 40% reduction in the dividend over that last 5 years ( real drop of about 55% if you take inflation into account)..The eye watering Debt of €45 billion is crippling this company imho Adyor!!!..
Dan, take those Rose tinted spectacles off and look at the 5 year chart...it's frighteningly bad 235p Nov 2017....95p Nov 2022..the chart doesn't lie! Buyers have run for the hills, it's as obvious as the nose on your face is it not?
https://www.lse.co.uk/ShareChart.asp?sharechart=VOD&share=Vodafone
moniman. That is because I didn't. You have an amazing habit of totally changing the subject. We all know how clever you are, so you don't have to keep reminding us. It's a shame though you show no humility, just arrogance. Try using Aimao in future. a for arrogant.
There's no arrogance from me...it's those brokers constantly telling people to buy this when it was at 230p and continued to recommended people to but this all the way down to 95p you should focus on! Just check the facts here....
https://www.lse.co.uk/ShareBrokerTips.asp?shareprice=VOD&share=Vodafone
monoman. We all know vod has been a disaster over the last few years. I have even given you credit in the past for some of your comments & predictions. But now you are getting very boring with your (I told you so repetition), so do us all a favour & go away.
Dan..I have never said "told you so"...but I'm obviously not allowed to share my opinions about how badly this company has been managed..I will move to Russia as they obviously have more freedom to speak over there my comrade! ...:-))
Moniman……….seeing you are such a smart fud what price do you think folk should be buying this at to make a profit? And I am talking serious money not just your paper round money.
I wouldn't touch this until they at least half the debt pile from the eye-watering €45billion....Selling assets and renting them back is just more borrowing from Peter to pay Paul...just like the dividends that have also added to the decline from 235p to 95p in five years...lots of smoke and mirrors but it's been interesting following this one from all those calling this 250p including those "So called" brokers....Just my humble opinion!
https://www.lse.co.uk/ShareBrokerTips.asp?shareprice=VOD&share=Vodafone
The only way I see real value would be gained here is maybe to break the company up and distribute whatever funds are left...but that won't happen so long as the BOD are on the handsome gold plated payroll! I will now go to Russia on Dan's recommendation...:-))
Moniman……no one gives a feck if you would touch it or not, and indeed if you are not interested in buying what are you even doing here? Get back to school the teacher is looking for you.
I may decide to buy if I see the right opportunity..maybe you should take the brokers advice as they reckon it'll be 215p, mind you that was 230p before, and 250p before that and 300p before that...they're real experts at calling this one! GL with holding this one and enjoy your dividend next week...!
https://www.lse.co.uk/ShareBrokerTips.asp?shareprice=VOD&share=Vodafone
Falling knife comes to mind here, 235p in Nov 2017 and a near one way journey all the way down to 95p............anyone hazzard a guess when the knife will actually stick in the ground? I'm glad I don't owe the banks and bond holders 45 billion euros, but there always the dividend I suppose. AIMHO ADYOR!
https://www.lse.co.uk/ShareChart.asp?sharechart=VOD&share=Vodafone&chart=historical
How do you like that vinegar on your chips Dan?...Now I'm off to get my flight to Siberia where Dan has sent me for having an opinion!
Moniman……..you seem to like the sound of your own voice. No one really cares about your thoughts. Why do you keep ranting on if you have no interest in the company. Please trot along and give the folk still interested in investing in VOD a break.
I was just replying to Dan, I'm off to Siberia now as Dan has said I'm not allowed an opinion, I assume that you are in the same camp? Good luck with your dividend and remember to watch for those broker upgrades to 300p....:_))
https://www.lse.co.uk/ShareBrokerTips.asp?shareprice=VOD&share=Vodafone
Same rant from Moniman day in and day out. Getting quite tedious.
We had someone similar on the EZJ board. Just had some issues.
"Moniman……..you seem to like the sound of your own voice. No one really cares about your thoughts."
He's just talking his own book, he's a vested interest like the rest of us on here. The easiest way to find a bare minimum valuation of a non-distressed company, is to subtract the total liabilities from the total asset value and add an 18% to 28% percent premium on top of the bare minimum valuation. Since Vodafone isn't in distress and currently undervalued, it'd be unlikely the management would agree a takeover based solely on the market cap plus a premium. Should a hostile bidder appear, the share price would significantly increase from the current level anyway, since the market would rerate the stock to a more sensible level.
Just before I get on the plane to Siberia that Dan kindly booked me on, all I can say is I'm glad I didn't get talked into this one by you guys and the brokers..............do svidaniya..:-))