Member Info for bubbles59

danielh. You are correct that I'm not keen on Vodafone. That is 'currently' not keen however. There is nothing wrong with biding one's time for what I judge to be a good point to pile in though,in an attempt to clean up. That is what this investing malarkey's all about imv so I won't become emotionally attached to any company. Vod plc was amost £6 each once and now they're almost £1 each. Why can't they halve from here to 50p given the dire state of the balance sheet?
From such a low point it may eventually prove to be a 5 bagger with the right guidance.

Invest in growth abroad,excellent. We're talking Africa here/ third world nations. If they couldn't turn a profit in India, since people they merely choose the cheapest provider, how on Earth can Vodafone compete in Africa?
For me ,I'll keep my powder dry until there's a radical shake up of the balance sheet and re-structuring and improvement in prospects.

With respect though danielh, Having a huge debt pile also de-values the shares. And with the debt increasing and interest rates predicted to increase also, it's a recipe for disaster imo. Something will have to give. How can they continue paying dividends by adding to the already burdensome debt pile? I feel there's every chance that the debt bonds could be reduced to 'Junk status' by the rating agencies .
When I hear the BOD waxing lyrical about so-called opportunities in Africa no less, it causes me to be very circumspect about investing. They already pulled the plug on India with egg on their faces! Africa for God's sake! It simply smacks of desperation!
I hope the BOD belatedly come to their collective senses and sort out the confounded mess they've created whilst enjoying their fat-cat salaries and bonuses.
Until such time, I won't be investing!

Daniel. A 2 for 1 rights at 70p would roughly equate to 3 shares for 250ish pence(110+70+70). So 250÷3=83pence average. I think that would be preferable than vodafone going into liquidation. I would possibly be interested in jumping on board if such a rights issue occured but would await a further decline in ex rights SP to approximately a 60p level as I feel the risk/reward profile would be quite reasonable then. If the future 5G rollout goes well, they could potentially prove to be very lucrative so I'm keeping vodafone on my watch list for the possible development of such a scenario.
Alternatively, the dividend level seems a bit shaky to say the least.Another slashing of the dividend or suspension of it would inevitably be the catalyst for another collapse in the SP thereby offering another opportunity to buy cheaply imv. Existing shareholders too would likely average down in order to reap the benefit of any future successful rollout of 5G IMO. Good luck to all regardless of your current position in VOD.

The debt mountain could be solved easily . A two for one Rights issue at perhaps 70pence per new share would certainly strengthen the balance sheet enormously. Or maybe a one for one and still retain some debt albeit a more sustainable level. Either way, with talk of interest rates likely to begin an upward trend soon, some pragmatic decisions need to be implemented before it's too late i feel.

Casual.... , I would NOT be happy with a paltry dividend growth of 1-2% unless you mean in real terms after inflation. Especially after we had the dividend SLASHED by about a third!

Broker's forecasts are normally 12 months forward forecasts I think so perhaps we need to be patient and bide our time Shatter. The chairman recently invested heavily himself at 424p. The CEO is biding her time too having spent in excess of £1million. I predict that once the buybacks have been completed, certain tasty announcements will be forthcoming and the SP will rise to a significantly higher level.

Can't imagine they will be announcing anything juicy, for quite some time yet, that would likely stimulate the SP in a positive direction. Not while they are in the process of buying back their own shares for cancellation. I reckon the strategy must be to purchase as many as possible at the cheapest price possible. Once the buybacks are complete, that will be another story so I'm patiently biding my time.

But will be driving up earnings per share.

That's the dogs bo?l?cks!

Barclays raises Price Target , 467 to 505, OVERWEIGHT.

Que?

And likely to get better.

Disappointing sp movement all week and was looking like a strong finish but hopes dashed. This despite the millions being spent on buybacks/cancellations. Seems a lot of small sellers this week disillusioned by buybacks throwing in the towel imo. Buybacks only just started though so once the low hanging fruit has been harvested,I foresee a strong rally in the sp. Very positive BUY recommendation in this weeks Investors Chronicle too. Not a single broker (of the many) recommending sell to my knowledge.

If they make up only HALF the lost ground Warthog4, say to c£7.50, I will be more than happy. There could also be an additional £1 or so in dividend distributions while patiently waiting. I'd be happy to forgo the dividends though if a predator took the company over early at that level.

Not to mention shareholders will probably receive the best part of £1 in dividends while patiently holding. GLA LTH's

This was £12.80 once which is over £15 today approximately allowing for inflation, so £8 in 2/3 years is not impossible. I would base that on a restructuring and transformation of the company of which it is already in the embryonic stages. This would make it a very tempting takeover proposition also.

It would appear that a lot of L&G holders are switching over to Aviva now judging by their respective SP movements today, and who can blame them. Another meaty rise in Aviva's SP tomorrow is likely imv due partially to the buyback programme kicking in. Happy days!!

Looks like the Chairman agrees with you Nuri. Worth well North of a fiver!

Rockonuk01-Have you filtered out Cevian? They think Aviva could be £8 each in near future. Boomtime indeed!!!