Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 68.70
Bid: 68.74
Ask: 68.76
Change: -0.30 (-0.43%)
Spread: 0.02 (0.029%)
Open: 68.84
High: 69.54
Low: 68.62
Prev. Close: 69.00
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UBS reiterates 'buy' on Vodafone

Fri, 02nd Sep 2016 09:03

(ShareCast News) - UBS reiterated a 'buy' rating on Vodafone and left its target price unchanged at 310p on Friday.Vodafone and Liberty Group have received conditional clearance from the European Commission for the merger of their Dutch assets. UBS said it believes investor focus is now switching back to the prospect of the two companies revisiting a broader deal."Strategically a deal would create a leading converged fixed/mobile operator across Europe," UBS said."We estimate cost synergies from a broader deal could have an net present value of €15.6-23.4bn for 100% with a further €6.4bn of potential upside from tax synergies. Assuming a 50% share for Vodafone, we believe this would be worth up to 47p per share for Vodafone."UBS thinks an acquisition of Liberty Global by Vodafone could be more than 10% accretive to Vodafone's equity free cash flow (EFCF) longer-term." Looking at incentives for Liberty Global management, according to company filings they are incentivised to either accelerate EBITDA (OCF) growth to >6% pa over the next three years (H1-16 was +2%) or undertake a deal that would result in a change of control (either from an acquisition or merger)."Vodafone management incentives are geared towards significantly growing EFCF over the coming years."UBS said its estimates for Vodafone are broadly unchanged after the company switched to reporting in euros from pounds. The financial services company expects a 4% increase in underlying EBITDA for fiscal year 2017, rising to 6-7% per year thereafter as core European business benefits from growing mobile data usage and price changes."Vodafone offers a 7% EFCF yield and >5% dividend yield on a calendarised basis for 2017E. We think recovery and operational gearing in Europe have been underestimated and that the current share price factors in little for M&A upside potential."Shares rose 0.35% to 224.14p at 0933 BST.
More News
9 Oct 2023 16:56

LONDON MARKET CLOSE: Stocks suffer amid Israel conflict

(Alliance News) - Oil majors and defence contractor BAE Systems helped shield the FTSE 100 from a deeper decline on Monday, as global equities struggled as events in Israel meant it was a risk-off start to the new week.

Read more
5 Oct 2023 09:08

LONDON BROKER RATINGS: Panmure likes abrdn; Kepler cuts Britvic

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
5 Oct 2023 07:41

LONDON BRIEFING: Unite CEO steps down; Imperial Brands begins buyback

(Alliance News) - The FTSE 100 is expected to open in the green on Thursday, with equity markets feeling more cheerful after softer US jobs data eased fears over interest rates.

Read more
27 Sep 2023 13:10

EARNINGS: Safestyle suffers amid "difficult" trading conditions

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
22 Sep 2023 14:16

Zegona confirms it is in talks to buy Vodafone's Spanish operations

(Alliance News) - Zegona Communications PLC on Friday said it was in discussions with Vodafone Group PLC to acquire its Spanish operations, confirming prior media reports.

Read more
6 Sep 2023 09:00

Saudi Arabia's STC Group to become Telefonica top shareholder with 9.9% stake

LONDON/DUBAI, Sept 5 (Reuters) - Saudi Arabia's STC Group has amassed a 9.9% stake in Telefonica worth 2.1 billion euros ($2.25 billion), in a move to become the Spanish telecom giant's top shareholder.

Read more
5 Sep 2023 08:00

Vodafone teams up with Amazon's Project Kuiper to extend 5G reach

LONDON, Sept 5 (Reuters) - Vodafone plans to work with Amazon's low Earth orbit satellite constellation Project Kuiper to extend the reach of its 4G and 5G telecoms networks in Europe and Africa.

Read more
31 Aug 2023 21:37

Vodafone and Samsung begin mass rollout of open RAN in UK

(Alliance News) - Samsung Electronics Co on Thursday said that it and Vodafone Group PLC are replacing technology in the UK with virtualised open radio access networks, alias RAN, on Vodafone's 2,500 sites.

Read more
23 Aug 2023 17:43

Zelenskiy vows to end Russian occupation of Crimea, defends strategy

Zelenskiy hosts conference in Kyiv on Crimea

*

Read more
16 Aug 2023 13:24

Safaricom launches M-Pesa mobile money service in Ethiopia

ADDIS ABABA, Aug 16 (Reuters) - Safaricom's M-Pesa mobile money service went live in Ethiopia on Wednesday, in a boost to the Kenyan telecoms operator as it seeks to kickstart growth in one of Africa's biggest economies.

Read more
16 Aug 2023 09:29

LONDON BROKER RATINGS: RBC cuts Antofagasta; Shore likes Trainline

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

Read more
15 Aug 2023 17:00

South Africa's MTN looks to unlock hidden value with stake sales

JOHANNESBURG, Aug 15 (Reuters) - The CEO of South Africa's MTN Group said on Tuesday he plans to bring in minority partners in fintech and fibre and then list the businesses as separate entities to reach a market capitalisation of more three times its net asset value (NAV).

Read more
7 Aug 2023 09:14

LONDON BROKER RATINGS: JPMorgan lifts Rolls-Royce; RBC cuts Unite

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
3 Aug 2023 14:41

'Black swan event': Telefonica Deutschland extends losses on lost Vodafone deal

Read more
3 Aug 2023 13:19

IN BRIEF: James Fisher hires new CFO from Johnson Matthey

James Fisher & Sons PLC - Barrow In Furness, Cumbria-based marine services - Hires Karen Hayzen-Smith to be chief financial officer, starting by December 1. At that time, Duncan Kennedy will step down as CFO and from the board but will remain at James Fisher for a short transition. Hayzen-Smith currently is director of group finance at chemicals firm Johnson Matthey PLC. She has been in that role since January 2020 and also served as interim CFO for Johnson Matthey from November of that year to April 2021. Prior to Johnson Matthey, Hayzen-Smith worked at Babcock International Group PLC and Vodafone Group PLC.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.