Member Info for fleccy

You've lost me Jambone, I don't understand what you're saying. Didn't QBT say they have decided to use Dedicated servers in Datacenters for offering SaaS? What's the difference between that and "Own Server and Cloud base"? I've seen no indication that QBT's SaaS service is currently live in the US, have you?

The statement you've quoted is open to interpretation. Since the SaaS service hasn't as yet been set up and QBT aren't willing to install their software on miners in house rigs, it suggests they haven't tested in the US. If QBT have tested on the live network and have real world performance data, why haven't they released it? As many of the QBT enthusiast's will agree, if QBT had real world mining performance statistics backing up their 2.6 times claim it would put a rocket under the share price; The fact they haven't suggests they aren't currently at that stage.

"I was under the belief that testing over in America had not started, but now been made aware that it has"

Addi where did they say testing had started in the US? And if it has started where are the performance results? I've only seen statements referring to successful testing in the lab at a much lower difficulty level. The Bitcoin network runs 24 hours a day, 7 days a week, real world performance statistics should become available in short order as long as enough rigs are using the service.

Abject even after the recent top up in Vodafone, we still have £26,000 more invested in BT. Not sure condescending is the right word to describe me, I'm just honest regarding the reasoning behind my investment choices.

"Among advanced economies, Moody’s warned that higher unemployment and reduced consumer confidence could lead to a sharp rise in "problem loans" in the UK and Canada.

Regarding China, Moody’s commended the country for proactively managing its growing credit problems. For the United States, while loan growth is expected to slow, major loan losses are not anticipated. However, Moody’s, like others, highlighted commercial real estate and the growth of private credit funds as areas to monitor."

Didn't spot this story yesterday, but I don't understand their reasoning for singling out the UK and Canada as high risk and suggesting the US and China are in a better position. I can't speak for Canada, but I don't see much risk around residential mortgages in the UK, as UK Banks have been careful to to ensure good LTV ratio's. Within the UK there might be more risk in relation to unsecured credit card debt, but interest rates are forecast to reduce considerably in the next year.

Since the pandemic working from home has reduced the need for City Centre office space, but from what I've read the commercial property sector is a much higher risk in the US than the UK, and less suitable for repurposing to residential or other uses. I can only go off the article I've read, but this feels very much like a sleight of hand to divert attention from the real problem areas, time will tell.

"BT Group is deploying its global network-as-a-service (NaaS) offer in metro-edge, carrier-neutral cloud facilities (CNFs) around the world. BT Group announced its multi-cloud NaaS, Global Fabric, in October.

Now its offer is expanded by a deal with the US’ Digital Realty which has about 300 CNFs in more than 50 metropolitan areas in some 25 countries across six continents. From these sites, BT is to offer bundled edge connectivity-and-computing service, including to drive AI."

https://www.mobileeurope.co.uk/bt-combines-its-naas-with-digital-realtys-global-carrier-neutral-facilities/

Just out of curiosity, where did it mention Calcutta in either of the links I posted?

Since a lot of the miners are in Texas, I'd probably start there. Probably talking around $12,000 to $13,000 a year setup and rental.

Dependent on the specification of the server required to operate their SaaS, they could set up a server in a Datacenter within a couple of days, using a provider like Gt-host. They could then provide client software to small miners, with free access to the server's for a month, to assess the performance and provide review data . The community are extremely vocal, so it'd be good for QBT if their performance improvement is as advertised, and bad if the software doesn't work as advertised.

https://gthost.com/blog/how-long-does-it-take-to-set-up-a-dedicated-server/

https://gthost.com/10gbps-dedicated-servers/

Unbelievably speculative with a miniscule probability. The more likely answer is that they've utilising more rigs, if we knew how much energy they're using we'd probably get the correct answer.

"£4.3 billion debt from Vodafone"

"£1.7 billion debt from CK Hutchison"

"Vodafone UK and Three UK are contributed with different debt amounts at closing to achieve a 51:49 ownership split (no external debt)"

"Initial debt contributions to be ~£6 billion"

"Financial effects Leverage neutral + FCF accretive from 4th full year"

https://investors.vodafone.com/sites/vodafone-ir/files/2023-06/vodafone-uk-and-three-uk-investor-presentation.pdf

I'm confident that Vodafone wont go bust, I'm on the fence as far as the dividend sustainability's concerned. The £20k top up was all about reducing my average cost per share, the dividend yield came a very distant second in my thoughts.

On the Working Capital vs Free Cash Flow chart I only went back to H1 2022, but it gives a clear picture of the fluctuations in Working Capital and its effect on FCF; If FY24 plays at the same as previous years, then the deducted Working capital should be reinserted into the figures with a subsequent rise in the FCF at year end.

The second chart shows the key figures relating to EBITDAal, FCF and Net Debt. The chart goes back to FY15/16 and nicely shows the relationship between acquisition's, disposals and Net Debt, note the increase in Net Debt with the Liberty acquisition in FY19/20 and the reduction in Net Debt with the disposals last year in the FY22/23 figures. Taxation and interest paid/received are pretty much stay unchanged year on year adding up to a deduction of around €2 to €2.5 Billion per year. Free Cash Flow correlates with Spectrum and Licence's, so in years where Vodafone have to pay out a lot for spectrum/Licence's it shows in the Free Cash Flow figure. The biggest year on year deduction from EBITDAal is Capex, so if Vodafone can find ways of reducing that it'll feed into the FCF and Net Debt figures. Here's the spreadsheet showing the yearly figures, it has three sheets, accessible by clicking on the three tabs in the top left of the sheet, the three tabs are Vodafone Financials, Cash Flow and Working Capital vs FCF. I have no idea what effect the disposals will have on EBITDA, FCF and Capex, so it'll be interesting to see what comes of the changes. I'm not an accountant, so if there any on here I'd welcome their opinions.

https://docs.google.com/spreadsheets/d/e/2PACX-1vSNxkKmgR2PzSL1NH5uvhJAIl6TyUm-PpH2hChEFWELeB8mLB-V562E7qRdDL0lOSa8NyAUBbokBjVp/pubhtml

The big question mark with Vodafone is will the dividend be maintained? The finances are super hard to understand, with things like working capital deducting from the half year free cash flow and then adding back into H2/FY free cash flow:

https://docs.google.com/spreadsheets/d/e/2PACX-1vSNxkKmgR2PzSL1NH5uvhJAIl6TyUm-PpH2hChEFWELeB8mLB-V562E7qRdDL0lOSa8NyAUBbokBjVp/pubchart?oid=642584807&format=interactive

The chart below shows the FY key figures affecting Net Debt and Free Cash Flow:

https://docs.google.com/spreadsheets/d/e/2PACX-1vSNxkKmgR2PzSL1NH5uvhJAIl6TyUm-PpH2hChEFWELeB8mLB-V562E7qRdDL0lOSa8NyAUBbokBjVp/pubchart?oid=325944045&format=interactive

Much will depend on the effect of recent disposals and the possible disposal of Italy.

I agree with everything you've said, but VOD is already listed on the Nasdaq under the ticker NASDAQ: VOD.

"maybe if everyone uptickled everyone else"

please refrain from the *** inuendo, all this talk of "uptickling" will get suthy and jambone excited.

Jamboner, you're the one who starts throwing insults when people offer a different opinion to yours. If I'm a dirty troll then you're a filthy saddo ramper. You should take your rose tinted spectacles off and see the real picture.

Rob, if Vodafone goes bust and I lose all my capital then I'll hold my hands up and say it's a bad investment, we're not there yet. I did have high hopes for India, which turned out to be a huge disappointment and I didn't agree with their purchase of the Liberty Global assets in Germany and Eastern Europe, but we are where we are. My choices are to sell up completely, turn my paper loss into a capital loss and invest elsewhere in the hope my new investment choice compensates for my Vodafone loss, meaning VOD was a bad investment, or I could keep doing what I've been doing; Keep collecting the dividends and reinvesting them elsewhere, or on this occasion topping up Vodafone and significantly reducing my average cost per share and keep collecting dividends as long as they continue. Whether or not Vodafone is a bad investment depends on the final outcome, If VOD eventually climbs back to £1.60, or £2, then I'll be sitting on a substantial paper gain and I'll be able to say it was a good investment if I decide to sell at that point.

Dan I must be doing something right. I said the share price would likely finish in the low 70's last week, due to going ex dividend, prompting you to change your prediction; And I said it'd likely dip below 70p this week going off previous price action following ex dividend dates, funnily enough by looking at charts; Vodafone hit a low of 69.89p on Wednesday.

No desperation here Jamboner, you on the other hand ooze desperation with your repetitive ramping posts, in fact I'd rate you amongst the most prolific rampers I've ever seen. As far as QBT's concerned, In my opinion, the odds are against them generating a sustainable income, although I suspect they'll release intermittent updates that'll temporarily pump the price; I have serious doubts about their algo's performing as advertised in the real world on the live BTC network, no wonder you're desperate.

This might answer your question:

https://www.armstrongteasdale.com/thought-leadership/structuring-public-takeovers-in-the-u-k/