RE: One brokerage lowered target 1.306 Nov 2018 13:13
It's Societe Generale that have the 130p target. It's difficult to take it seriously though when someone else reiterated 230p a week ago.
My average price is 199.5p and I don't hold many by any means. My monthly standing order will go on Vodafone on Monday bringing my average in to the high 180's. I think once in the 180's I am content to leave it forever and slowly reinvest dividends to keep bringing the average down over time
I have a long time frame, circa 20-25 years for retirement, so can be extremely patient. Checking the share price every 5 minutes isn't healthy for anyone, unless you're a trader!
There must be more at play than a divi cut though as it wouldn't drop 60 - 70p just for that. What that is, I have no idea, maybe just the sector is out of favour, combined with a general economic slow down? Who knows.