Member Info for Beo1

OMG, Vodafone has an MCAP of £18.9b.

they could do a split issue tomorrow on a 2:1 etc. the MCAP would still be £18.9b. notwithstanding other fluctuations.

Missed the point again LTI, just keep trotting out your usual garbage response

blah blah blah

The market cap is the total value of the company, regardless of shares in issue. Stop confusing market cap with the share price, they are 2 different things, albeit intrinsically linked

Here we go again, where LTI thinks a company spending £b of cash in there bank on nothing but a lower dividend bill in the future, creates a value in the MCAP of the equivalent value.

Cue, "the market detemines the value of blah blah blah"

As in dilution compared to what it could have been with the shares cancelled. Not dilution vs the pre buyback

Also it doesn't really prevent dilution.

as effectively keeping buybacks in treasury is creating that dilution, just earlier than the hybrid calls.

PEDANT ALERT!

Market capitalisation doesn't include any shares in issue, only the share price does. They are 2 different things. The Market capitalisation is the value the market holds for the Vodafone entity as a whole, regardless of how many shares are in issue.

cue, LTI telling me I'm wrong blah blah blah

24th July Q3 trading update

I work for a company who spends externally £22m pa on plant equipment. HSS didn't even provide a rate card in the end for our evaluation so were removed. On there qualitative answers, they indicated that there top 5 customers make up 18% of there turnover, with Amey being over half of this, so after Amey the "hook" customers drop off a fair bit. Speedy and Sunbelt were by far the cheapest provider on most items on our tender, so wouldn't surprise me that Amey went with them.

Care to point out, which part was bad manners? I didn't rip into you, merely pointed out that you called it both ways? did you not call it both ways to some degree? If someone is pointing out the facts in a non offensive way, does that make it bad manners?

Honestly your the one who sounds more rattled. All I said was that is silly to give credit to someone who has suggested it could down to 1 value or up to another value. Not sure where the bad manners is in that? I never personally attacked you, just said you called it both ways, which you did, did you not?

I'm not rattled. You called it both ways, yes 1 way with a little more conviction, but both ways regardless. So its not a surprise when 1 of those 2 (being the only 2) come in.

Sorry, but you really giving him credit for that, he's like Mystic Meg and his crystal ball, "the SP could move to 463 or it could move to 526"

Like yeh I could have told you that, "It could go up, ......or it could go down"

Do you read the RNS'? We are not getting a special dividend. They are using the money to pay down debt and do future tranches of share buybacks

Im sure the £650m is PBT whereas the 20% is on PAT. But regardless that translated into Yield is hardly the opportunity here for investors at this point in time, IMO

Euro/GBP

Lets hope you don't use your method to calculate your tax bill as its not how HMRC will accept your cost vs profit

TBF, There are at least 3 different schemes

Executive, where the options at a set price are granted free

Sharesave, where you can save upto £150 of your own money to invest in shares, creating a tax/NI benefit after 3 & 5 years. (3 being paying the tax at cost price not sale price, 5 being totally tax free)

Then you have employee options, where the employees are able to buy options at a discounted value to the price now vs excercising those options and selling at a profit, or not and your money being returned.

Option 1 and 3 are a creation of new shares, option 2 is bought via a 3rd party on the open market

Very contradictory

Ryanair are saying prices are at best flat, but they could fill the extra planes if they were delivered. So if demand is up and supply is flat or down (eg whizzair and there engine issues) then the lever is Price, considering low cost airlines are all about variable pricing, not sure how his comments translate to stalling fares?

That was a mid term target for the package holidays part of the business, not the whole company.