Member Info for fleccy

Going off the Google Finance charts Vodafone is hitting 27 year lows, it'll be interesting to see if the market can push it down much further from here.

Dan, Rob, the big question for both of you is do you think Vodafone will go bust? Personally I don't. Because I don't believe they'll go bust I'll hold and top up as and when I see fit, with the aim of bringing down my average. Dan if you believe you're losing money by holding Vodafone, then you should sell out and invest in something you do have faith in, since there's no point in holding onto what you believe is a losing hand. There are other options should Vodafone stay low forever, since you can use losses to offset gains against other stocks you sell, I'm not anticipating that but it is a future option and in the meantime Vodafone are currently paying good divi's. I've said this before, a gain or loss only becomes real when you sell, anything else is illusory; There are plenty of investors who've sat on huge paper gains, just to hold too long and see the price drop like a stone and their illusory paper gain become a paper loss, it isn't real until you sell or lose your investment.

Rolls Royce was 232p on the 14th Feb 2020, if somebody bought that day and watched the share price drop to 39p by October of the same year, but then decided to hold and sell today at 287p, did they lose? Obviously they didn't lose, they made a real gain, but they would have suffered a real loss if they'd sold in October 2020, or anytime in between then and November this year.

Didn't lose anything Jax, because I haven't sold anything. Clearly you don't understand the difference between paper and capital, there are some real thicko's on here who just wont learn.

Gutter can you please post coherent messages, I don't understand imbecilic.

Not really Poker, clearly there's a lot of resistance below 70p. This close could be the market having one last shakeout before pushing higher, the next week or two will give a clearer picture. I didn't see VOD dropping below £1, but here we are and the lower it goes the more chance something external will drive the price higher, like takeover interest.

Poker it's already previously dropped below 70p this year and soon recovered, evidence suggests this dip below 70p will also be short lived. If the market does succeed in driving the price down considerably from here, I expect there'll be takeover interest.

Well Jax you make all these assertions without backing them up with hard data, just because the stock is currently underperforming doesn't mean it'll stay that way. I've got over £5,000 in dividends due in Feb and I'll definitely direct reinvestment into VOD around current levels.

Anyone else notice Polo bringing up Talk Talk in relation to VMO2? He doesn't seem able to see past what he see's as a competition concern for Openreach, but it'd be one thing changing ownership of a CP like Talk Talk it's another matter migrating customers from one platform to another. It'd be really difficult to migrate an Ethernet customer off BT to VMO2 and they may not want to move.

"This could go bust"

How will that happen Jax, details please?

Think I just saw Polo Tang (UBS) among the audience at the Openreach Briefing.

There seems to be some misunderstanding of the mechanisms involved in the mining process and the competition between miners.

Once a Block has been solved and confirmed, the process restarts immediately with each mining entity building their own new Blocks, involving drawing transaction data from a pool to use in their Block; Mining farms will build their own Blocks and share the processing amongst all their rigs, as will mining pools among all their members. If a Block is solved in 1 minute, then the miners will build a new Block immediately and start processing. If the Blocks are solved at an average rate faster than 10 minutes per Block, then the difficulty level will be raised after 2016 Blocks to slow down the solving rate.

One comment suggested that if all miners used QBT's software then it would result in the Network using less power, I'm not sure that'd be the case since the difficulty level would slow down the rate of solving Blocks and completely nullify any advantage due to QBT's algorithms, if they work as advertised.

Mole_man, please supply more detail in respect of your pessimistic view of Vodafone, I'd be interested to know your view's on these key points:

1) Where do you see Vodafone bottoming?

2) When do you see Vodafone bottoming?

3) Please supply figures backing up you claim that "Interest rates have everything to do with a share that is mostly about the div yield. Being uncovered and with the company shrinking"?

4) I'd also be interested to know your view on future Capex that may affect Vodafone's ability to maintain the dividend?

5) What's your view on Vodafone's emerging market potential in relation to Vodacom and innovations like Mpesa?

I've looked at various figures associated with Vodafone and in the scheme of things Interest received and paid is currently around half the dividend, so not massively significant. I agree that a reduction in revenue will hit EBITDA, but there'll also be a reduction in leasing costs in relation to disposals, also if Vodafone can reduce Capex on the back of disposals it will go some way to compensating for reductions in EBITDA.

Vodafone is run like a hedge fund managing separate Telecom entities, its hard to understand their financing and nuance's between the half year and full year figures, I don't see things as black and white as you do. I suspect Vodafone will concentrate on Germany as its main market and may direct more investment into the UK, should the Vodafone/Three merger be approved; My speculative view is that Vodafone will eventually aim to position themselves as one of the three main UK infrastructure/wholesale providers, along with BT and VMO2, mopping up distressed Altnets as they fall into difficulty. Vodafone already own the old C&W UK backbone network, so it isn't a stretch to speculate that they'll position themselves as a main UK fixed and mobile provider.

Marketing video aimed at medium to large miners, no mention on progress rolling out the SaaS service in the US.

It'd be interesting to know if any servers have been installed and set up in US Datacenters, and if miners are being canvassed to test the service. If QBT offered free access for one to possibly three months, allowing small miners the opportunity to Beta test the product, the resultant reviews would go a long way to proving QBT's performance increase claims.

Not everything can be streamed and some things take a while to be available on catch up services. We're on Sky and my wife is always recording stuff. What'd be useful is for the box to have an associated app, that can be accessed online to start recordings, etc. Something else that might be useful is cloud gaming functionality, in preparation for cloud based gaming subscription services. I haven't looked at any detail in relation to the box, so I have no idea what it might be useful for.

They can't be doing very well, the share price was around 110/111p on the 27th Oct and around 123p on the 30th Nov.

Https://www.youtube.com/watch?v=gxbBp9SH81U

Fly like an eagle

Let my spirit carry me

Into the future.

Ok that's enough ramping from me.

Even BT outperformed QBT today, I wouldn't be too sure the BTC price will have a dramatic effect on QBT's price.

Addi, the reason I know Bitcoin will eventually fail is because its value is based on nothing more than belief and the token serves no useful purpose. There are many who'll encourage the naive to keep investing, as they cream off profits along the way, but anyone with any sense can see BTC's value is as illusory as the Emperors new clothes. No matter how high Bitcoin goes, it'll eventually become worthless and be remembered as the biggest bubble in the history of the human race.

Did I say I was OK with condescending? I wasn't ok with either description, but I'm not overly bothered what anyone says on here. Water off a ducks back.

Jambone, that doesn't mean the service is commercially available.