Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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
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 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.
To be fair they should both be on the hook. Yes it was the Dealer who "sold" the interest rate at a higher level than needs be and profited from that via the higher commission payment. Butm the funders did facilitate this and would also have benefited financially via higher interest recovery
I agree, he's not amusing at all. He offers no opinion, just oh its going down, but is his weird put on broken English. And then throw in his race ist diatribe he throws in occasionally. just adds zero to the conversation and he's clearly an abhorrent human being.🤷♂️