Member Info for fleccy

I might have known Porsche1946's Brother by another Mother, skier1, would have something to add.

Well done. I don't Spread bet, I just accumulate by reinvesting dividends in a vain attempt that I may one day get back into the Black lol.

"Any thoughts?"

Both the CFO and CEO would have to agree on that, hang on the CFO is the CEO, problem solved. 😉

I might have known 133p wouldn't hold until next week when I get my Lloyds dividends through 😒

"How is this debt-ridden dogshxt still above a quid, anyone who thinks this capital destructive dross is an investment"

Porsche1946, why don't you tell us exactly how much debt BT has and why it's a problem? I'll give you a clue, the headline figure is considerably more than the actual Financial Debt.

It was obvious BT were going to see massive job cuts in the coming years. There's the PSTN switch off at the end of 2025, Convergence to cloud meaning all legacy services will move to IP and FTTP access networks needing less staff to maintain. There will be jobs lost to AI, maybe in monitoring and network operations and some front and back office staff, but the majority will go due to the end of legacy services.

Correction, It actually bottomed at 133.2 so it was exactly 10.06% down.

The previous close was 148.1 and bottomed this morning around 133.1, meaning a drop of 9.99%. Makes you wonder if a near exact 10% drop wasn't penciled in and facilitated by algo's

Get my Lloyds dividends next Tuesday/Wednesday, this drop isn't a bad thing in my opinion. The market can play their games and I'll keep topping up.

Held at:

"Final dividend of 5.39 pence per share (pps) bringing the full year dividend to 7.70pps, flat year on year.

FY24 Outlook: revenue and EBITDA growth on a pro forma basis; capital expenditure excluding spectrum of £5.0bn-£5.1bn; normalised free cash flow of £1.0bn-£1.2bn"

"I wrote "critical of " VOD , not " critical to " VOD"

Indeed, my mistake.

It's about time VOD delisted from the US, it's doing us no favours and opens the company up to litigation.

Pokerchips, please explain why the US is critical to Vodafone?

I'm not asking to be funny, I'm just curious what assets they have in the US apart from a few Submarine Cable Stations and some assets at POP's, and some leased backhaul. I'm not sure they need a US listing unless it's a regulatory requirement for operating the Submarine Cables, but I doubt that's the case.

"The US has been critical of VOD for 2-3 years now ....and to be honest..to let Germany EBITDA slip by 6.1% ...makes some in the US say " we told you, they weren't performing" ...and this is a slap down to say they were right "

Can you explain why the US is critical for Vodafone?

"The US is very unimpressed - oh well, perhaps MDV and van Boxmeer can reflect whether they prepared the ground as well as they could have."

I don't even know why they're listed in the US, they should follow BT and drop their US listing.

"They still carry total debt commitments to €66bn."

As Pokerchips implied, If you're going to quote debt then you should break it down:

Gross debt (€46.655) Billion

Cash and cash equivalents €11.705 Billion

Short-term investments €4.305

Derivative financial instruments €1.917 Billion

Net collateral liabilities (€4.647) Billion

Net debt (€33.375) Billion

It's debatable whether Lease Liabilities are debt, or an operating cost, BT count them as NET Debt under a different accounting standard, Vodafone don't. Vodafone's Lease Liabilities are currently €13.364 Billion. Then there are things like €1.485 Billion secured against Indian assets which subtract from the Borrowing figure of €66.390 Billion as they are covered by assets already written off.

The only figure that really counts is the Net Debt figure of €33.375 Billion, as that's the bottom line debt figure. I don't blame Vodafone for separating Lease Liabilities from the Net Debt figure, since the financial press seem incapable of understanding the difference in BT's case, where lease liabilities are included in Net Debt.

Such passion Porsche1946, why are you so desperate for people to sell their Vodafone holdings?

"Hi all...back from a months holiday ...ive noticed when i click on a thread the posts show latest post first as opposed to earliest post first..is this normal now ?"

As far as I know it's always shown the latest post at the top of the thread, have you walked through the scary door and entered the Twilight Zone?

"I think you are giving far too much credit to the City mate. It was her own vaulting political ambition and rank stupidity that led to her downfall. Capitalism just oiled the wheels"

There's no doubt she displayed arrogance, but the City found a weak spot and flexed it's muscles. There's no way a Prime Minister should be that easily ousted and suggests there's something wrong with the power held over Government by non elected institutions and the press, it demonstrates everything that's wrong with the UK. It begs the question, who's really in control of this country? Because it doesn't appear to be the elected Government.

"What is the rationale of holding vodacom? Its best to sell it off at a premium and reduce the debt or merge with etisalat in africa."

Didn't you suggest the same in February? I don't understand why you'd want Vodafone to sell off a business with big growth potential. India appears to be a write off, so Vodafone need Africa to bulk up their growth portfolio; If someone came along with a ridiculously high offer, I might take a different view, but it would have to be massively higher than the Book Price. As far as a Vodacom merger with Etisalat Africa, much would depend on the terms of the merger. Obviously things are happening in the background between Etisalat and Vodafone, time will tell how this may develop.

"Got that sinking feeling in my stomach again, bit like being married to a cross between fleccy and blue pete!"

That's because it suits you to look at the short term price movements, instead of thinking long term. My Lloyds dividends come in next week, and the lower my stocks go the more I can buy with dividend reinvestment. I haven't, as yet, decided which of our stocks to direct the dividend reinvestment at.