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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
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Share Price: 71.34
Bid: 71.36
Ask: 71.40
Change: -0.94 (-1.30%)
Spread: 0.04 (0.056%)
Open: 72.12
High: 72.34
Low: 71.14
Prev. Close: 72.28
VOD Live PriceLast checked at -

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Sunday share tips: Vodafone, Sabre Insurance, 3i Infrastructure

Sun, 14th Oct 2018 16:25

(Sharecast News) - A round-up of Sunday's newspaper share tips, including Sabre Insurance in the Mail on Sunday and Vodafone in the Sunday Times.Vodafone was tipped as a 'buy' in the Sunday Times' Inside the City column, with the mobile telecoms giant down 35.4% this year and unusually trading at a discount to its European peers. Concerns for investor have been the investment needed to buy 5G mobile airwave spectrum and plans to acquire European cable networks from Liberty Global. Then chief executive Vittorio Colao quit and new worries reared their heads about tougher Southern European competition.October's auction of Italian spectrum saw Vodafone forced to splash out €2.4bn, more than the previous guidance for €1.2bn spending over the entire year. Analysts have since cast doubts on the company's generous dividend, with the shares yielding above 8%.But now, with the shares at their lowest level since the summer of 2009, "the risks are more than priced in", the column said. Analysts at Citi feel there is no imminent risk to the dividend, while those at Redburn say current forecasts for full year underlying profits of €13.9bn, a 5% downgrade from €14.6bn previous expectations, is not too shabby.Midas in the Mail on Sunday tipped Sabre Insurance Group. Sabre, which floated on London's main market last December, offers insurance through a network of more than 1,000 brokers and direct to customers through three brands Go Girl, Insure2Drive and Drive Smart. It has a bias towards the higher average premium segment, specialising in policies other insurers steer clear of, such as top of the range sports cars, teenage drivers and inner-city locations. Management believe Sabre's diversified book of business and a broad underwriting footprint offers an advantage through its proprietary pricing model and focus on data.This focus means Sabre's average annual premium is £700, well above the average £400 seen in the rest of the motor market, while one annual premium was sold for £30,000 recently and each week there are dozens topping £4,000. By avoiding the busy industry traffic at the safer end of the market, where insurers chase new business on price comparison websites, while Sabre "does not chase business for the sake of increasing sales". Sabre's premiums offered reflect the risks that the group is taking and as it is often not facing much competition at its chosen area of the market, it can charge higher prices and still win business profitably.A trading statement last week pointed to an expected full year combined ratio better than its mid-70%'s target, with strong organic capital generation supporting "the potential for an attractive full-year dividend". Analysts forecast £63.7m profits this year, rising to £67.6m next year, with an ordinary dividend of 14.6p for 2018, climbing to 15.3p in 2019, with the possibility of a special dividend.3i Infrastructure is a risk worth taking right now, said Questor in the Sunday Telegraph, citing the "strong balance sheet" offering the "strength for further investment".A trading update at the end of last month by the private equity style fund followed a period where it committed to invest €220m in lecoms operator Tampnet, also completing and syndicating half its initial investment in Attero, retaining a stake of around €100m.Existing commitments of €45m funded renewable energy firm Valorem's development pipeline, La Santé prison in France and A9 motorway in the Netherlands as they move towards operational status.Total income and non-income cash was £132m, with the company on track to deliver its full-year dividend target of 8.65p per share, with a cash balance of £126m at 27 September and an undrawn £283m bank facility. Please note: Digital Look/Sharecast/WebFG provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look/Sharecast/WebFG cannot take any responsibility for information provided by third parties. This is for your general information only and not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.
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19 Jun 2024 15:25

London close: Stocks mixed as UK inflation slows to BoE target

(Sharecast News) - London stocks ended the day with mixed results on Wednesday, as new data indicated a decrease in annual consumer price inflation, aligning with the Bank of England's target of 2% for May.

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19 Jun 2024 09:43

LONDON BROKER RATINGS: Deutsche Bank likes Vodafone and raises Avacta

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

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19 Jun 2024 08:49

TOP NEWS: Vodafone sells 18% stake in Indus Towers for EUR1.7 billion

(Alliance News) - Vodafone Group PLC on Wednesday said it sold a vast chunk of its stake in Indus Towers Ltd, a mobile phone tower operator in India.

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19 Jun 2024 07:56

LONDON BRIEFING: Berkeley Group ups guidance but Spectris cuts

(Alliance News) - London's FTSE 100 is called to open lower on Wednesday, returning some of Tuesday's gains, though data showed the UK inflation rate returned to target last month.

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19 Jun 2024 07:18

Vodafone sells 18pc stake in Indus Towers

(Sharecast News) - Vodafone Group confirmed several days of speculation on Wednesday, as it announced the sale of 484.7 million shares in Indus Towers, representing 18% of Indus' share capital, through an accelerated bookbuild.

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19 Jun 2024 07:11

Vodafone says 1.7 bln euros from Indus sale used to repay debt

LONDON, June 19 (Reuters) - British mobile group Vodafone confirmed on Wednesday it had sold an 18% stake in India's Indus Towers for 1.7 billion euros ($1.83 billion) and would use the proceeds to repay lenders in relation to borrowings secured against its Indian assets. ($1 = 0.9314 euros) (Reporting by Sarah Young; Editing by Kate Holton)

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14 Jun 2024 15:36

London close: Stocks fall amid French political concerns

(Sharecast News) - London stocks were still in the red by the close on Friday, mirroring a broader European selloff driven by political uncertainty in France.

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14 Jun 2024 10:51

Vodafone looking to offload Indus Towers stake - report

(Sharecast News) - Vodafone Group is reportedly looking to sell its whole $2.3bn stake in India's Indus Towers through stock market block deals next week.

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12 Jun 2024 15:16

Vodafone Spain plans 1,200 job cuts after acquisition by Zegona

MADRID, June 12 (Reuters) - A former Vodafone unit in Spain that was recently acquired by Zegona Communications plans to cut up to 1,200 jobs, or just over a third of its total workforce, unions and the company said on Wednesday.

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6 Jun 2024 17:02

London stocks close higher on miners boost; ECB cuts rates

FTSE 100 up 0.5%, FTSE 250 adds 0.2%

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4 Jun 2024 12:29

IN BRIEF: Vodafone CFO Luka Mucic buys GBP388,000 in shares

Vodafone Group PLC - Newbury, Berkshire-based telecommunications provider - Chief Financial Officer Luka Mucic buys 510,000 shares at GBP0.7615 each, worth GBP388,365, in London on Monday.

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31 May 2024 13:35

TOP NEWS: Vodafone completes sale of Spain business to Zegona

(Alliance News) - Vodafone Group PLC and Zegona Communications PLC on Friday said Zegona has completed the acquisition of Vodafone Spain, with telecommunications veteran Jose Garcia named as chief executive officer.

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30 May 2024 13:01

UK dividends calendar - next 7 days

Friday 31 May 
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Reach PLCdividend payment date
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STV Group PLCdividend payment date
Target Healthcare REIT PLCdividend payment date
Taylor Maritime Investments Ltddividend payment date
TwentyFour Select Monthly Income Fund Ltddividend payment date
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Weir Group PLCdividend payment date
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29 May 2024 15:05

Iliad in wait-and-see mode on M&A in Italy after failed Vodafone deal

MILAN, May 29 (Reuters) - French challenger telecoms operator Iliad is focused on growing its Italian business on a standalone basis, the head of Iliad's local operations said on Wednesday.

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27 May 2024 09:49

Vodafone to wire 120,000 flats in Germany for fibre optic service

(Alliance News) - Telecommunications firm Vodafone Group PLC has signed an infrastructure contract with one of Germany's largest housing companies to expand fibre-optic internet access to an additional 120,000 flats.

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