Member Info for Android101

'I accept whatever the policy of the BOD decides.'

I am guessing that the div will be maintained because of E& who likely will hold 20% to 25% of the shares

Well, I have been to 2 funerals this week, 3 if you count VOD SP. 4 if you count the AGM next week

Dear God,

'Who art in Hendon

Harrow Road be Thy name

Thy Kingston come

Thy Wimbledon

In Erith as it is in Hendon.

Give us this day our Berkhampstead

And forgive us our Westminsters

As we forgive those who Westminster against us.

Lead us not into Temple Station

And deliver us from Ealing,

For thine is the Kingston

The Purley and the Crawley,

For Iver and Iver'

Mesh

Fair points.

The revenue number you are referring in FY23 is definitely after the elimination of discontinued business activity.

The analyst projections maybe a full year impact of discontinued business activity or it maybe the handset lifecycle or something else. I imagine the mix of propositions are moving toward data only and consumers using handsets for longer. There is ultimately a handset replacement cycle when things wear out or become obsolete (5G etc).

Not sure how they feather in price increases but its likely they look at prior periods and are behind the curve.

On net debt, you referring to the range. The consensus is the mean net debt reduces

Net Debt €41.6Bn FY22

Net Debt €33.4Bn FY23

Net Debt €32.9Bn FY24 outlook

Re DAB platform, I agree its an enabler and VOD particularly expects to capitalise in the Business segment. I think Mpesa is an Africa product and is scaled differently to Europe. Africa certainly can generate stellar growth rates if thats what the analsysts have in their models.

Telcos are looked at through a legacy lens and regulated in that way. A positive is only licensed regulated operators can provide services and as long as they are not creating consumer harm and are competing efficiently etc, thats a barrier to entry and therefore the cashflow projections are probably more reliable than other industries looking ahead at the macro.

I dont know anything about algo analysts but I can imagine AI beating many at a game of chess.

In the meantime, we have to wait and see H1. JPM may have presented Spain options in that timeframe too. 9c div for FY24 is my guess

This is a handy crib sheet if you find yourself struggling with numbers to use in posts.

https://investors.vodafone.com/sites/vodafone-ir/files/2023-06/consensus-output-june.pdf

https://investors.vodafone.com/reports-information/analyst-coverage-consensus

There are 40 things dragging it down and 41 dragging it up today. Think the market/ consensus is generally steering toward more up than down with recession threatening. I can imagine subscriptions to other media being cut by consumers under cost pressure. I can't imagine no mobile phone/ device. However, MDV has to execute a major ticket item to keep the momentum going. There is plenty in the playbook. I can see private equity SP under pressure from higher interest rates, so E&, Liberty and Illiad mergers etc more prominent strategically.

Time for the long and the shorts to chill, me thinks. Have a good weekend!

https://youtu.be/9wxI4KK9ZYo

VOD moving forward at pace

https://www.telecomstechnews.com/news/2023/jun/23/vodafone-launches-uk-first-5g-sa-network-consumers/

Still, just under 11% div, not to be sniffed at. Think consumers will give up subscriptions to other media, ciggies and 'discretionary' insurance etc before giving up their mobile service. Many probably locked into 2 and 3 year and handset deals, working from home, internet economy, day traders etc.

Hope E& are buying more at these prices. I am.

'Like all share there is only so far a share will be allowed to drop.'

LoL, I like the idea of an elastic bounce and hope mrs slocums nicker elastic can take the strain. I wouldnt want to be within 2 light years of a 'slocum horizon event'

Blah Blah Blah

'According to one comprehensive academic study based on data from 33 countries over 13 years, 4-to-3 telecoms mergers increase prices by an average of 16.3 per cent per customer [Yawn Yawn, YAAAWWWWNNNN zzzzzzzzz]. Drawing on this and other similar evidence, a new report by Tommaso Valletti (former Chief Competition Economist at the European Commission) finds that the Vodafone-Three merger could be expected to raise individual mobile bills by up to £180 per year.'

WoooHoooo, One Hundred and Eighty!!

.....and wot, BT et al also raising bills by 180??

Wot Wot Wot Wot?

https://www.msn.com/en-us/money/companies/vodafone-s-merger-with-three-is-an-open-and-shut-case-of-a-monopoly/ar-AA1cJ6z9

'Hope this goes up for you lot soon

GLA, DYOR, DEYS, don't put off a ruby doo'

Well Gutter, may your God go with you

Jax, 30 years ago she was just a young girl. Didnt you see her toss her hair back and look to Ahmed at the more difficult questions on the webcast. The institutions are in love, like a Harry Potter love potion. Just get in and wait. Lol

Up or down. Thats insightful. How about going nowhere for balance :-)

1) The deal structure was largely as expected

2) National security concerns shouldn’t hold up the deal

3) Convincing the CMA is Key

4) A tie up will offer annual cost and capex synergies of £700 million a year.

5) A merger would allow for faster and better investment in the UKs telecom ecosystem

https://www.capacitymedia.com/article/2bst6okjfuc06sdmxvdog/news/top-five-takeaways-from-vodafone-and-three-merger-announcement

'But that merger news really wasn’t newsworthy'

I think it is. Hutch could easily end up buying UK if it gets a fair return on the investment its investments in UK PLC.

A lot of compliance box ticking and feeling the cloth to close

All boats rise and fall with the tide. Nice dividend 1st week August..

We are also waiting on E& next 5%. Their 14.6% investment says continue current course and speed.

MDV has a few projects to land in this FY and sooner rather than later or the knives are out.

'What ratio you using to convert US SP '

10.

1 ADR = 10 Ordinary shares

US closed up 2.6%.

9.48 @1.2781 = 74.17p

Maybe Friday will be a blue day too?

GLA

Current SP is c72.7p @1.2661 so just tracking where we are in UK?

ADR seems to be same as UK

https://uk.investing.com/equities/vodafone-group-plc-exch