Member Info for fleccy

"In this environment the buybacks may have a negative effect on the SP. Spending billions to buy stock when you could be paying off debt is clearly not impressing the big money."

The buybacks are to prevent dilution due to maturity of MCB's, the buybacks make perfect sense. The more shares in issue, the more cash required to cover the dividends.

"non stop selling the emirates are sitting on huge loss i think their average is 130"

Somehow I don't think they'll be too worried about sitting on paper losses, they may even decide to top up more. I 'm assuming they aren't leveraged, so why would they worry?

"wonder how low sp would be without the buyback"

The share buybacks make no difference, in my opinion, since the buybacks are around 6 million per day with the average traded shares being 111,693,356, over the last 49 days, so around 5.4% of the last 49 day average. The purchases may also be off book and if that's the case they wouldn't affect the on exchange price anyway.

"Problem with that is - you’ve been saying it the way you see it for years now, which has been the polar opposite of reality. Anyone who followed your advice must be nursing eye watering losses now."

Let's get something clear, I don't advise anyone on how to invest; I post my opinion and back the opinion up with links, etc, and by topping up where I see value, as dividends become available. I'll be reinvesting my dividends back into BT when they arrive in Feb, that isn't advice it's what I'm doing, it's up to everyone else to do their own research and make their own investment decisions.
The dividends from our current investment are now approaching £22,000 a year, tax free due to half being in ISA's and half in my wife's name as she's a non earner. Every time we reinvest the dividends, our dividends increase, so I wouldn't say we're not making money. Since we've been reinvesting the dividend income back into stock, it's been bringing our average cost per share down, so you could consider that a form of growth. A paper loss isn't the same as a capital loss and I have the choice to take income, or reinvest, currently it suits us to reinvest.
Toff, you can do what you want with your investments, I have no idea if your investment strategy makes you money, or not, since you seem to be more interested in criticising my opinion rather than posting your own trades and strategy.
Handy everyone wishes you'd keep your trap shut, since you contribute nothing to the debate.
I must be doing something right to attract the ire of Toff and Handy, I'll have to post more often.

"Yep! If you get on the list you get to wear a black leather jacket, sat at the back of the class with your legs splayed out blocking the gangway making the teacher walk around you."

Might explain why I've been getting so many emails from the FCA in my spam folder, I'd better take a look at the next one.

Just to add the list appears well out of date too, since jackdawsson hasn't made a single post on LSE since April 2021, yet he appears 7th on the list.

On the BT list it shows Aus as number 7 ramper, but the content of his posts are quite negative toward BT, projecting favoritism toward VMO2 to in my opinion. The list should be taken with a pinch of salt.

I feature prominently on both the Vodafone and BT list.

Vodafone
Rank Who
1 danielh
2 Longish
3 fleccy
4 jackdawsson
5 compound
6 Djones21476
7 robleo
8 Gerry557
9 Velo
10 char333

BT
Rank Who
1 Velo
2 fleccy
3 NigeCo
4 ToffAppleton1
5 LarryBling.
6 Bkkbkk
7 Aus3009
8 BluePete
9 NDNIC00

Is it ramping if you back up what you say with supporting data? I think not.

"If the average debt maturity is more than 11 years and inflation is 10% then the bond holders could owe VOD money, not the other way round. I guess thats the legacy of negative interest rates."

I understand the gist of what you're saying, but I wouldn't say it in quite those terms. I'd describe it as inflation discounting the debt over the long term. I f inflation stays well over 5% for the next couple of years and Vodafone manage to push inflationary increases onto their customers, then Vodafone are winning. If inflation rapidly drops back next year and settles around 2%, then maybe not. Time will tell in respect of inflation, if it stays high then debt will be depreciated for companies with high levels, unfortunately individuals like me, who have no debt, will suffer under those circumstances.

"Maturities for those extend beyond 2049, so high rates are getting locked in long term."

I haven't checked your figures, but isn't it misleading to say "high rates are getting locked in long term.", since Vodafone could go for early redemption at any time of their choosing?

"God help us all"

https://www.youtube.com/watch?v=GzvdBSbFJnw

https://www.youtube.com/watch?v=_XeybpHLqJQ

Lol

"At the other end of the scale, we have my dear fleccy - an extreme and unpalatable BT ramper, who unendingly talks about reinvesting his divis and reckons 2030 as being the time that BT will rise like a phoenix from today's ashes. Considering fleccy's age (if he's to be believed, he's now over 60)"

I say it the way I see it, yes I'm a BT shareholder and I want BT to do well.

Handy, all you do is come on here to try and wind people up, whichever side of the fence they're on, it wouldn't surprise me if you're not even invested in BT. The contents of your post suggest you have some sort of superiority complex, giving you a right to criticise others. I'm not sure what your motive is, but it's quite sad people like you you feel the need to be overcritical of others.

"Fleccy - I like the sound of this offer "

The business case is to encourage CP's to move off Openreach copper and onto Fibre. The Failsafe mechanism is to satisfy competition concerns, which will possibly go some way to fighting off the Cityfibre competition complaint.

https://www.openreach.co.uk/cpportal/updates/briefings/ultrafast/nga2010822

https://www.openreach.co.uk/orpg/home/products/pricing/notificationDetails.do?data=ThQLPOgdo8c%2FpcQlNXj7BQ1SIlR3Eedo8zGwEN2opunC0KIFLCDa89K8KlLeLZVpNbuS4in2Opzba%2BeTCy5nyaAmkKMAog%2BKEa%2FzywyXh%2B733FkRprdkPimbVIJEBnnx

https://www.lse.co.uk/news/britains-bt-unveils-equinox-2-wholesale-fibre-offer-w5avh4xua0lrcpp.html

"The actual profit depends on the revenue they have lost compared with any gains they make from the £2B"

It's more complicated than that. Since Vodafone now owns 65% of Vodacom, Vodafone still indirectly benefits from the Egypt income via Vodacom. Vodafone has received €577 million in cash, so that immediately adds to Vodafone's top line. The €1.67 Billion in Vodacom new shares, could increase in value dependant on Vodacom's future earnings, with Vodacom likely to see growth going forward.

"mehmehmeh, why are you so keen for Vodacom to miss out on future growth markets?"

I meant to say.

mehmehmeh, why are you so keen for Vodafone to miss out on future growth markets?

"Hopefully they reduce debt by selling the shares."

If Vodafone sell their Vodacom shares, they lose exposure to any future growth in Africa and they lose any future growth in profits from M PESA, why would they do that? Especially when Telecom sector valuations are depressed. Even if Telecoms was currently a high priced sector, a decision to sell out of Vodacom would be a strange decision to make.

mehmehmeh, why are you so keen for Vodacom to miss out on future growth markets?

"They made about £2B on this"

The RNS states:

"Vodafone has been issued with 242 million shares in Vodacom and received cash proceeds of €577 million in exchange for its 55% shareholding in Vodafone Egypt."

The current price of Vodacom shares is 12,793 ZAC, or 127.93 ZAR. 1 Rand is equal to 0.054 Euro, so the Vodacom price per share is equivalent to €6.9 per share.
6.9 x 242 million = €1.67 Billion
€1.67 Billion + €577 million = €2.25 Billion (£1.93 Billion)

So not far of £2 Billion in total

https://www.telcotitans.com/vodafonewatch/vodacom-completes-egypt-deal-as-etisalat-studies-offer-for-sa-group/5926.article

"Vodacom Group appears to have finally completed its buyout of Vodafone Egypt more than a year after the deal was first announced, amid reports that UAE’s e& — formerly Etisalat — is in turn considering buying shares in the African group to boost its international footprint."