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Get a tech expert in. Not another bean counter. Bye bye Read, and good riddance.
Don't soil this doorstep again.
What are we expecting with the sp today? Obviously this is good news but you know how the market to bash companies like vod
Agree.. Since becoming CEO, SP has gone from 160p to circa 91p. Good news and hope the CFO is successful with shareholder returns..
Guess he still gets a big payout to leave and a decent pension for doing a bad job.. Go figure.
i expect the new ceo to cut dividend???
Well you guys have been granted your wish......... it's like a revolving door at the Top of Vod, maybe Kwasi will take over and boost the dividend?
It would be sensible to do so mehmehmeh. My view would be a cut to say 5c - 6c which, on a yield of say 6%, might imply share price bottoming out at around 70 - 75p. Just a view (I am invested north of 120p)
"i expect the new ceo to cut dividend???"
That's a possibility, but Margherita Della Valle will only be the interim CEO. There's also a possibility that someone's already lined up to step in but isn't yet available due to their current role, hence an interim CEO appointed in the meantime.
maybe complete dividend cut for few years to restore balance sheet
Agree, this is sub 80p when dividend news drops...
Probably a decent 5 year hold.
"Agree, this is sub 80p when dividend news drops...
Probably a decent 5 year hold."
I don't disagree about the possibility of the dividend being completely dropped, but that doesn't necessarily mean the share price will drop below 80p as a result. The way stocks have been behaving, over the last 10 years, suggests dividends make very little difference to valuations these days. Some income investment funds could dump the stock, but other players could step in to hold the price.
bt cut dividend to restore the debt load. I also think new ceo should sell of holdings in Australia, Spain, Italy, Ghana and even sell down some shares in vodacom.
Quick question guy's, as a fairly new investor does the amount of dividend depend on how many days you've held the share. If not surely everybody would flit from share to share around ex div dates ?
"bt cut dividend to restore the debt load. I also think new ceo should sell of holdings in Australia, Spain, Italy, Ghana and even sell down some shares in vodacom."
Why Vodacom? And why would they sell any assets with the markets current treatment of Telecom assets in general?
New CEO could sell everything south, invest enterprise/ business everything north in the recovery, pay down debt, maintain dividend...
Market likes the rns
" What are we expecting with the sp today?"
----------------
- GAMECHANGER!
Busy now. Laters - if I can......
There is no need to vodafone to hold vodacom. They should just split the company in 2, and just distribute the Vodacom shares to the shareholders. Let them decide which one they want to keep.
Here comes all the “Vod should do this or VOD should do that brigade”. No-one on here has the first idea on how to run a company the size of Vodafone but the armchair CEO’s will have their say AND display their stupidity.
shorts closing positions this morning me thinks
"There is no need to vodafone to hold vodacom. They should just split the company in 2, and just distribute the Vodacom shares to the shareholders. Let them decide which one they want to keep."
In my opinion Vodacom is an important asset to keep, Africa is an important growth area and includes assets like MPESA. It would be madness to reduce holdings in Vodacom.
If you believe that you can buy vodacom direcly. No need to buy vodafone.
"If you believe that you can buy vodacom direcly. No need to buy vodafone."
I don't invest outside of the FTSE, and I don't need to since Vodafone own over 60% of Vodacom.
I don't believe the share price performance is the reason Read is going, usually these things happen when the CEO and Board of Directors disagree on strategy. I expect news will leak out, explaining Read's hasty departure, big market players/investors probably already know the reason, and have driven his ousting.
Finally....30% rerate coming now
Bye Bye Nick - hello ski slope
Hi Kryten1,
Re your posting at 08:23 today, in which you ask:-
"Quick question guy's, as a fairly new investor does the amount of dividend depend on how many days you've held the share. ".
The simple answer is "No". With each dividend payment (with Vodafone there are 2 a year), what it depends on is the dates you held the shares - with each particular payment you either get it in full, or you don't get it at all.
In this case, the dividend was announced on 15 Nov 2022 (if you press the "RNS" symbol near the top of the page, and scroll through the list of announcements for the one dated 15 Nov 2022 you can read their half-year results in which the dividend, with dates, was announced). The "ex-dividend" date was stated as 24 Nov 2022. If you owned the shares on 23 Nov you will get the dividend, whereas if you bought them on 24 Nov or later, you won't get it. The declared dividend was 4.5 Eurocents, and about a week before the date the dividend is due to be paid, there'll be another announcement as to what it will be in Sterling (ie in £/p). It's due to be paid on 3 Feb 2023. Very very roughly, it will be about 4p, but it depends on what the exchange rate does nearer the time.
I hope that helps.
Mike.