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That’s one way to reduce debt : sell the silver..
More of a geo political exit i think , dont want the Russians just taking it in a few years time , seeing this in other sectors .
GLA
"9.1 multiple seems good"
The reported 9.1 multiple is based on EBITDA, not Net Income. I've tried to find information on Vodafone Hungary's Net Income, but as far as I can tell it's mixed in with other Europe, and even then I can only find EBITDA, not Net Income. It's hard to judge what the correct multiple is, but I suspect Vodafone wouldn't sell unless it was in their interest to do so.
Divide by 9.1 to get figure. It's about 200m eur.
Well that uptick didnt last long
Well it will be interesting to see how far we go if we drop below £1.20 - could we be hitting the £1 mark again .
The mult is 9.1x EBITDal, not EBITDA. EBITDal puts ‘special loses’ back into the figure. One of the reasons the market not that blown away by it.
The more letters a company keeps adding to EBIT, the more they are trying to deflect attention.
Getting close to US open - sub £1.20 here we come - not a good start to the week
Just put a big short on these think we are going sub 110 close below 120 should confirm. Don't wanna be long come October
No we could be in trouble - finish below £1.20 - more like £1 here we come - its ok though Read has done a great job these last 3 years
"No we could be in trouble - finish below £1.20 - more like £1 here we come - its ok though Read has done a great job these last 3 years"
You're only in trouble if you're sitting on a paper loss and desperate to sell. Looking at the 6 month chart it wont be below 120p for very long. I'm getting my Lloyds and BT dividends next month, and still sitting on my Vodafone dividends; Depending on where I see the most value will determine where I top up next month, it could easily be Vodafone.
Let's see what happens, I was long vod for many many years going back to the £2.50 days, I'm sure we all remember them. Just decided there's more chance of making money with the debt on the other side of the trade. Long term great company, see £2.50 again, no I don't think so.
I gave up trading Vod long term time horizon years ago. Set your exit upon and stick to it. Let the limit be hit say thank you and leave thats what the institutions do with this
Cine paid a dividend back in 2019. Any company can pay a dividend if they can borrow it from the bank.
Fleccy Im sat in lloyds but not Bt. Banks will eventually get a windfall tax, they will be hit in a couple of years time, just remember to get off the roundabout before then.
not a good day on the stock market guys, is this the start of what's to come over the winter ? at least there is one happy poster here today ?
robleo. But, Is he happy though? Answers in by Friday. (But I don't want any below the belt comments) Like, ("sad more like it") So rob, should I buy L&G. ? Why didn't you tell me before? Oh' perhaps you did? but did I listen? I just thought you, like C.S.D.I. were just total losers?? So everybody loves the L&G CEO.. -- As for Nick? -- just me & his mum by the looks of it? Have a good week.
Dan, it's not just vod that's taking a drop right now, my whole portfolio took a knock today and i think there's more to come, don't think we are going to see any big profits for a while, so will just enjoy the dividends as long as they keep coming, and put any selling plans on hold for a while, but you know what another poster would say, events can make a big difference, don't you give up or theirs no chance for the rest of us, things will get better but we may have to wait a bit longer maybe
hopefully a better day tomorrow
good luck
Thanks rob. I am happy to hold... The L& G divi looks good, never looked at L&G until today, as our back up forum??! I will go 2.60 L&G by Friday. Sorry, wrong forum!
"Fleccy Im sat in lloyds but not Bt. Banks will eventually get a windfall tax, they will be hit in a couple of years time, just remember to get off the roundabout before then."
I'm not sure that'll happen, the overall Economy is so dependent on Bank lending the Government would be reluctant to reduce their ability to lend to business.
BT, Lloyds, Vodafone are unbelievably cheap in my opinion, and even though recessionary clouds are building I don't see any of them under threat in a recessionary environment. Lloyds will benefit from higher interest rates, BT and Vodafone have the ability to raise prices to compensate for any inflation in their costs. All three pay dividends, which makes them more attractive and something they could cut to protect their finances, should inflation become persistant, and they need to offer more value to customers. People are now so dependent on their phones and broadband, they probably view them as a necessity rather than a luxury; Things like holidays, Air Travel, hospitality, and non essential retail would be the first things to suffer in a persistant inflationary environment, in my opinion.
Hi fleccy. One of the reasons I come on here, is to read your very optimistic posts, which cheer me up. Whether you are right, I don't know, but with so many negative posts, & as I have no intention of selling my vod shares anytime soon, I just hope your faith isn't blind. I am surprised the Hungary sale doesn't appear to have gone down very well? Do you think it was a mistake to sell?
"I am surprised the Hungary sale doesn't appear to have gone down very well? Do you think it was a mistake to sell?"
I don't like it when companies I'm invested in shed emerging market assets, it put me off Barclays when they significantly reduced their African business.
I've speculated as to why VOD might be selling their Hungary business, and thought of a few possibilities. Viktor Orban is quite a controversial figure, with the Hungary Government having shades of autocracy, right wing views, and Orban being friendly toward Russia and the Kremlin. After the sale, the Hungarian state will own 49% through Corvinous, with the rest owned by 4iG Nyrt, a Budapest-based IT service company, so it may be that Vodafone were encouraged to sell by the Hungarian state. Even though Hungary is part of the EU, it isn't in the Eurozone and uses the Hungarian Forint as its national currency, so like Turkey presents currency conversion risks especially in an inflationary environment. There are possibly some risks for investments in Hungary, but that is highly speculative and may not be correct.
Even though I have no idea if this is a good decision, or a mistake, I suspect Vodafone had good reason to make this sale at what appears to be a reasonable price in the current macro environment.
weeeeeee all the way down to sub a quid. A pile of debt. Keep shorting guys, get onto ig index and set a .99 exercise. As for lloyds, an even better short, on housing market collapse and bad debts ( bankruptcies now highest since 2008 ) they will be back to .22/28p range. Couple with collapse in sterling, brexit fiasco and political tory basket case perception of U.K. nobody will touch U.K. assets so set your short exercise price on lloyds for .27 June expiry. All house builders ( shares of all now in freefall ) are a banging short too. Not much point chasing dividends to lose two thirds of your capital
Porsche showing off with his car.
https://www.youtube.com/watch?v=2rxNXu0Abs0&t