Yet more false info.14 Nov 2022 18:24
jedclampit. Vodafone does not owe twice what it is worth. Vodafone is worth about £74 billion(enterprise value) It's debt's are about £45 billion. So it is worth over 1.5 times it's debt. You are confusing vod's value with it's market cap, which is about £28.5 billion. To demonstrate my point, Let's say l borrow £100million pounds to buy a company for £100million, the company does well, & it is later valued £120million, If I then were to sell shares in the company they would have a market cap of £20million,(enterprise value, minus debt). My deb't therefore would be 5 times the market cap, but only 80% of the value of the company. So debt should always be compared to enterprise value, which is market cap, plus deb't. I know this is difficult to understand for some , but it is the whole basis of companies that are highly geared, so you really should try to understand this before investing on the stock market. Vod however does need to reduce it's deb't. in my opinion. But no more false/fake info please, I've had enough for one week! Tomorrow is the big one?! Good luck to all vod shareholders. Including one share Mikey.