Member Info for fleccy

"Without a dividend BT became worthless as a utility investment."

Perry, do you do stand up at comedy clubs aswell?

"Danielh, at the rate this 'share' is dropping, not sure if I'll be buying any new shoes for a while anyway !!"

You must be a Woman, connecting shares with shoes.

In one respect a low share price is good for Vodafone's finances, as it significantly reduces the cost of mitigating dilution by buybacks in relation to MCB's.

As far as Vodafone's institutional shareholdings, the top institutional shareholders hold around 50% of the issued shares, with Total institutional shareholdings adding up to around 80%; The likes of us only own around 9% of the company.

https://simplywall.st/stocks/gb/telecom/lse-vod/vodafone-group-shares/ownership

Ignore anything Porsche posts, he/she hops from from forum to forum trash talking any UK listed stocks; Shows all the signs of a spam merchant/bot.

I haven't read it yet, but if anyone's interested.

"THE INVESTMENT GAP TO FULL 5G ROLLOUT"

https://www.connectivityuk.org/wp-content/uploads/2022/09/The-Investment-Gap-to-Full-5G-Rollout.pdf

"Who are you kidding, Poker. About VeriSure, I mean. I have four cameras protecting my place. I paid £32 for each of them, and they warn me and show me on my iPhone (wherever I am in the UK and abroad) when anyone approaches my house."

I'm not disagreeing with anything you've said, but I suspect your cameras are connected via your home WiFi and more than adequate for the average home user. The advantage of a camera system with battery backup and 5G connectivity, appealing to the more wealthy homeowners like Footballers and celebrities, is that they'll still work if the power drops. No doubt such systems will appeal to some and possibly become more mainstream as time goes on.

"Fleccy, could it be that no northern MPs support Liz Truss?"

I think you missunderstand the point I was making, you should read between the lines.

Getting back to the media, they seem to be making a big thing out Liz Truss's choices for the top cabinet jobs, and emphasising there are No White Men. Why does it make no mention of the fact there are no Northern MP's in any of the top jobs?

"One chap 64 26 kids by 15 different women and all on benefits.. He seems unashamedly proud.."

What struck me is how entitled these people are, demanding bigger houses they're not paying for and complaining about lack of money. I noticed one of the wives smoking, and the two fathers appearing were both fat and unhealthy looking, so my guess is lazy and lacking any motivation to earn what they spend. The single woman in Birmingham has eight kids, apparently with the same father and he's contributing £100 a month, so they're obviously in a relationship, but living apart on paper to enhance the benefits. Benefit caps would seem to be the way forward.

"Where are they on data centres? Amazing that Amazon got the world rights on that sector as BT stumbled along with Man City v Liverpool. "

Amazon have spent around $104 billion building AWS, and they don't own the communication infrastructure feeding their server farms. You could argue that much of the investment into cloud is premature, since 5G IOT will be latency dependant requiring edge cloud servers very close to the end user; So cloud providers, like AWS, will rely on partnerships with communication providers to stay relevant in applications utilising low latency AI managed IOT, like traffic management, drones and driverless cars, etc.
Remember Global Crossing investing massively into the Internet and subsea cables? If things had gone their way, and the pace of bandwidth growth had met their expectations, they would be one of the biggest players in the world now; Global Crossing's demise was as much about competition and overbuild, by competitors, as it was about fraud. Obviously Amazon would never go bust on the back of Cloud, but they could find their margins squeezed as the technology progresses; There may be good reason why Telecoms companies are avoiding investing big into cloud. A similar situation is also occuring in subsea cable too, with much of the investment coming from the likes of Google, Microsoft, Facebook, Amazon, etc, only time will tell how all this investment will pan out.

"Cue Jansen to play the inflation headwind excuse at next results day. It's a love fest with the analysts who never push enough. It's a buy at £1"

Jansen's doing a good job in my opinion; He's offloaded BT sport to focus on FTTP and 5G rollout, BT are ahead of schedule on their projected annual cost savings, and at some point in the future the BTPS will be offloaded in an insurance buyout. As far as BT going back down to £1, it's highly unlikely but not impossible. BT and other CP'S actually have inflation protection built into their contracts, with the CPI + 3.9% clause. It's up to people when they decide to invest, but I ignore any recommendation's made on here.

"I'm not saying that Lloyds are not a "buy" at the moment, but there's other companies I'd prefer to increase my holdings of, and I will be when the divi's are paid."

Which Blue Chip relatively safe stocks are currently as cheap as Lloyds?

"The share price certainly rises in the run up to going ex div but that's a new one on me rising in the run up to payment day when cash is going to leave the business."

The cash effectively left the business on ex dividend day, with the price adjustment taking place then.

"That's how the MM's work, pump the price up in the run up to dividend payment."

That's occured to me, but BT's current price action contradicts that theory. BT's and Lloyds dividends both come through on the 12th Sep, yet BT is currently down 2.45% today and 6.28% over the last 5 days.

Today's BT underperformance could have been predicted, in view of the Telegraph article, it follows a pattern.

"Er Fleccy your the one moaning about share price level in your opening post."

I don't see anything contradictory in anything I said

"the problem is what level can be deemed oversold..lol"

Does it really matter if you're lucky enough to jump in at the bottom? All that really matters to me is that I see value with good income potential.

"I know what you mean. I was hoping we could finish the buyback well below 45p. I wonder if the algo will back off today."

Not a clue, I haven't been following the buybacks, I was more interested in the 19% Interim Dividend increase and hoping it'll be reflected in next years Final Dividend. Lloyds is still dirt cheap, but irresistable in the 42 to 44p range.

Normally I'd be happy to see my stocks appreciate in value, but I'm looking at reinvesting dividends into Lloyds next week, so I'm slightly disappointed at today's rise.

Makes a change for someone else, rather than Ben Woods, to be mentioning TalkTalk in relation to VMO2, is Ben Woodson holiday?

I would think the chances of VMO2 taking over TalkTalk are slim to none. The reason I think there's little chance of this happening is that VMO2 started life with £18 Billion in debt, and just over half the revenue of BT. VMO2 are also having to pay for replacing their DOCSIS network with FTTP over the next 7 years, which wont be cheap. I doubt VMO2 would be able to borrow £3 Billion for financing such a risky deal, and it tells a story that the new Telefonica/Liberty Global Fibre JV wasn't done through the VMO2 brand. In the event I'm wrong and VMO2 take over TalkTalk, then there'll be big costs associated with transferring the percentage of customers in VMO2 franchise areas, onto cable, who may not even want to move onto the VMO2 network and may choose to change providers; Any TalkTalk customers in non VMO2 franchise areas would have to stay on Openreach for years anyway, with VMO2 replacing TalkTalk as Openreach's wholesale customer.
Because of all of the above, common sense tells me that speculation around this story is purely that, and it's highly unlikely to happen.
I'd be happy to read the opinion of others, who disagree with anything I've said, since all this is just my opinion.