Member Info for Beo1

FFS

Read what I said and read what the RNS said and the annual report says,

Cash payout on dividends will go down to 1.1b euros from 2.5b euros, a 58% reduction.

That's not me reading between the lines, that's the people who are closest to this telling us what will happen.

Your trying to make out as if I'm being stupid by saying its a unknown blah blah blah, but it's not unknown, vodafone have messaged there best estimate of what will happen and yet you ignore it and claim its a total guess. But its not, they will know the phasing at put prudent estimates on the sp price they will buy them at. And i would say they are best placed to estimate that, not some charlatan on a Bulletin board who can't or won't read what's in front of him.

They are telling us in those increased returns that the cash impact of the new rebased dividend is 1.1b vs 2.5b previously, which is a near 58% reduction.

Omg your insufferable. Read what I say, read what vodafone have said. What am I saying that contradicts what they are saying? The fact I said nearly 60%, well there numbers indicate 58% so I wasn't far off with quick maths

At what point did I ever say investors would be interested.

I was merely pointing out that although the dividend payout is being slashed on a per share by 50% the net effect to the cash payout would be closer to 60% because of the buybacks.

Which using numbers provided by Vodafone in either there recent RNS or prior results prove that they are planning it to be a near 58% reduction in cash payout. But now your Turning your argument into something else now that the Vodafone provided numbers effectively show the same thing I was merely trying to point out.

Eg they are effectively reducing the dividend by nearly 60% in there actions on the dividend and buybacks

Targeting total return increase to ?3.1 billion for FY25, comprising ?1.1 billion ordinary dividends and up to ?2.0 billion share buybacks following completion of the sale of Vodafone Spain; and

· opportunity for further share buybacks of up to ?2.0 billion following completion of the sale of Vodafone Italy.

They said in the most recent announcement the new dividend will be €1.1b, we also know at 9 cents its €2.6b so with all due respect you give it a rest.

So using Vodafone own numbers shall we.

FY = €2.5b dividend paid

Latest release for estimated FY25 = €1.1b

1.1/2.5 = 42.3% of cash paid. 100% less 42.3% he 57.7% which seems remarkably close to 60% in my opinion

I can't help myself sometimes, should stop biting but your condescending tone riles me to do it.

Today's market cap is just short of £19b, they are talking about buybacks of approx £4b that's nearly 20% of shares in issue on today's SP

Seriously what is your issue. I know how dividends and buybacks work. My timing was off a little but 100% the £ payable across the whole of next year will be more than 50% down YoY. To a maximum of 60% down once all the buybacks are complete, what I'm saying is there is a non zero chance it will be more than a 50% reduction and once its all completed on the buybacks it will be a 60% reduction on today's SP. I admitted it won't be 60% yet you have become fixated on the 60% that I admitted it won't be

So yes the effect will be less dramatic in the first new rebased dividend in November but the cash benefit will be more than 50% but by Final dividend next year it will be even more than 50%, that was my point originally, that they are saving more than 50% cash and could be as much as 60%, but I guess I need to be more specific in future

Actually my quick read of it was wrong, saw Nov as date as assumed it was ex div

Https://investors.vodafone.com/individual-shareholders/dividends

So this is wrong? Says Nov and Feb as ex div dates

Although you'd need to half all my numbers as 9cents is fy div not the actual dividend payments but YoY stands even more true,

You get the interim for next year in Feb 25 and that will be 50% plus x% for less shares than Feb 24. Then Nov25 would be 50% plus x% for the less shares plus y% for further buybacks, hence why I believe your getting closer to 60% less cash out than 50%

No that's the final dividend, we announce results in May and that dividend becomes ex dividend in November. That will be the last one at 9 cents. The next dividend will then be 4.5 cents payable in February, it's at that point a fair chunk of the buybacks will have been done, so yes the 4.5 cents x lower counts of shares will then be over 50% to 60% cheaper than what was paid I'm November 24 and February 2024.

The current year final dividend will be at current rate, the next interim dividend will be ex div in Feb 2025 so yes I would assume the buyback is well into it by then, might not be 20% of the shares but it will be a sizeable chunk. so yes the cut in the £ amount will be 50% to 60%, i would say close to the 60% IMO

They 100% didn't contributed to FCF after paying debt & dividends as they were below the cost of capital but that doesn't mean they didn't have FCF before debt and dividends that would contribute to the dividend.

And yes cancelling 20% of the shares whilst trimming the dividend by 50% is effectively at 60% cut in the £ amount

Not 100% true, it is dependent on the sale, which should go through (as the lower earnings mean the divi is even less sustainable) but its not 100% yet, by that i mean its 99% going to happen.

They are buying equity not providing a loan. They will balance risk vs reward, they is more potential reward at a lower placing 🤷‍♀️

You don't think it makes much difference to have more shares for the same value, Crikey!

Not really, i've reported all race ist comments, be it Asian or any race. If I dont call him out on it then I haven't seen it, or i just reported the post as yes giving race ists a platform does more harm than good, but I don't want to see that on a shares bulletin board, so yes I report it every time I see it.

As for the inane drivel he comes out with, I couldn't care less, I should put him on filter as his spam does make it hard to see good contributions

Nothing he says is offensive? I suppose if you don't catch the race ist comments before they get removed you might think that, but yes most of his comments are just stupid, but occasionally he spouts off his race ist thoughts and they are offensive.