The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
"Gary, this is a game of majority sentiment. The majority sentiment here is quite clearly to buy, you can see that from every other post except yours." All I'm saying is make your own mind up posters don't follow the herd.
The majority sentiment here is quite clearly a buy you say.
Then I ask why is the share price dropping heavily (4.4%) as I type.
It's because the major players / buyers aren't buying they are selling, taking profits & hoping to get back in at a lower price. A few posters on LSE won't affect this SP one jot, supply & demand & that's with the current buy back as well.
Don't get me wrong I'm very pro Aviva as I think it's a good well run company, buying hopefully soon, good luck all.
Go careful saying buy now fellow posters.
FR Bank in the US is down over 60% pre trading & this will affect insurance & banking over here, plainly obvious as the SP’s are tanking all over.
This latest debacle has not played out yet so saying buy now may be premature.
With their massive debt, abjectly poor performance in their most important market & dwindling income any company would have to have deep pockets & a lack of business acumen to takeover here. If ever a company needs to be broken up & its directors sued for overpaying hugely for previous acquisitions (right back to Mannesman) then it’s VOD
Abject - Having read the press this morning & listened to the chancellor you might get your £2.20 range anytime soon. Speaking as someone with their finger hovering over the buy button here & at AV. I am keenly watching.
Mecon, I sincerely hope that one day that you will live in a very large country house funded by spectacular market gains.
The house will have a massive tomato patch tendered to by a herd of gardeners ... (I'm unsure what the collective noun for a group of gardeners is).
Answers here, my own take is perhaps a "Hobby of gardeners?"
Maybeoneday posts “ What Gary doesn’t comprehend here is that the low coincided with a nuclear power invading another country and a 50% the world was going to destroy itself”.
My point was that’s the Sept low is just an example of what the last 12 months price has been. Also, I think & that includes comprehending that the invasion was February 2022, not the time of Aviva’s yearly low 7 or 8 months later.
Maybe - if you recall the Truss & Kwarteng debacle hit this share & most others leading to the aforementioned low. It appears that you my friend aren’t “seemingly aware” of your recent history.
Nigel, the year low on this share Sept / Oct 2022 was £366.8 so although today's retrace looks inviting it may not be a new low. No-one knows where SP's are heading mate or we'd all be living in large country mansions.
I have been looking at buying into this market for some time & like many others AV. & LGEN are amongst the top companies. LGEN are probably my first choice & there seem to be many plus points. My main concern is if there is a sharp downturn in equity markets worldwide or property prices here the company would be quite severely impacted. I suppose I’m answering my own question by saying no one can see into the future but any posters thoughts on this topic would be gratefully received, thanks.
Get a grip danielh, Read was a 100% unmitigated disaster for Vodafone, Mikey is correct.
Vodafone shares are trading barely above all-time lows.
Not my words these but ... "VOD has offered HOPELESS shareholder returns during Read's tenure,’ said AJ Bell’s investment director Russ Mould. (I think that he knows a thing or two)
And just for information Morningstar calculates that the stock has put up total returns of just 2.02% a year on average over the past 10 years. A basic FTSE 100 tracker has done three-times as well.
I think the anti-Read brigade as you put it do have a clue what they are talking about, it's the ones that think otherwise that should stop investing & lets the adults do it.
People keep buying this awful share hoping to make a profit without realising that it is simply a utility share, the SP being almost entirely reliant on its dividend payout.
Now that there is growing realism that the dividend may be cut by anything up to 60% in order to reduce massive company debt & falling earnings the SP is in stagnation. As for the debt this stood at €45.5bn at the last count, and that doesn't include €12.0bn of lease liabilities.
Growth is what the markets like & Vodafone isn’t growing it’s revenue is declining quarter on quarter as it reported in its last results. Yes dividends are covered by free cash but for how long?Buy here at your peril, now shorting that’s an option.
London’s status as a top financial centre suffered a double blow yesterday as chip designer Arm and building materials giant CRH both set their sights on listings on Wall Street rather than in the City.
The two global companies, with a combined valuation of more than £80billion, will become the latest to pick America over the UK as the venues for their shares to be traded.
When asked why both companies cited Brexit & the uncertainty it is causing as the main reason for leaving the UK.
You've got to hand it to Cameron & liar Johnson they've really fu**ed the UK & well done all you Brexiteers another nail in the UK's coffin.
Very interesting to read on here the thoughts of Mike S & our very own HB guru Strictly, thank you both for your time.
We have a general election looming, well latest by Jan 2025 so I'm not sure if looming is the correct adjective but its coming. The current blue incumbents will want to have inflation & the economy under control well before that date so I for one am expecting them to start their charm offensive by the Autumn this year.
What will this mean? Well a distinct possibility I beg to suggest is another scheme along the lines of HTB.
Here in the G household we have been selling shares & funds like mad & only have a small holding here as far as individual shares are concerned. However, I for one will keep reading the aforementioned posters with interest as putting your dosh in fixed rate bonds earning between 4% & 5% interest ain't half as exciting as investing in the market.
stt1 or should I call you sikhthetech from over on ADVFN (once a detective ...)
You will find this board much better than the other one you post on, just please don't keep cutting & pasting & repeating yourself time & again mate.
Lets have new, current ideas & thoughts not endless out of date drivel.
CityW - PSN will probably go ex-divi mid June with a pay date early July, so there is a bit of time to buy.
I'm so glad that I sold at a good profit most of my fairly large holding at VOD to buy into this sector, currently showing an 18% rise + dividends. FWIW I see house builders at these levels as great long term holds & I'm sure that those who brought in higher & are showing a paper loss will get some relief in the months ahead. Good luck all.
danielh - Saying that the VOD BOD do not control the share price is just so naive. All the important decisions taken by these overpaid charlatans dictate directly on the performance of the company & therefore the share price of investors who each own their large or small part of the company. Decisions taken years ago by those long gone such as overpaying vastly for acquisitions & massively increasing company debt is still being felt today by those holding here.
Are you sure investing real money on the stock market is for you? I ask as you don't seem to understand the basic fundamentals.
THE REAL PAIN IS YET TO COME ... The International Monetary Fund (IMF) predicts the UK economy will shrink this year while EVERY OTHER major economy will grow & the Bank of England also forecasts a recession in the UK in 2023.
So well done all you fervent Brexit dullards, read on - Estimates about the cost of Brexit vary, according to a report by Bloomberg who report that it is costing the UK economy roughly £100 bn a year, and the economy is 4% smaller than it might have been if the UK had stayed in the EU.
"The EU is a very rich part of the world," says Carl Emmerson, deputy director of the Institute for Fiscal Studies, an independent think tank. "And we've chosen, for better or worse, to make trade with that grouping of countries a lot more difficult, so it's clearly going to be something that makes it harder for the UK economy to grow."
LBC you post a good point. My wife grew up in Germany & we are regular visitors there so it is easy for me to keep tabs so to speak. Without doubt the Germans are patriotic & dislike foreign businesses running essential services. German legislation banned TV subscriptions being bundled with housing association rental contracts & this is proving to be an issue for VOD & this came at the same time as unpopular price rises across Europe. These contributed to almost 40,000 broadband customers going elsewhere in one quarter alone last year.
Economic conditions are also worsening in Europe, there will be less tourism which means less costly roaming charges for Vodafone. All of this the market dislikes & is helping to keep the SP in the doldrums. Brexit has meant VOD is suffering on the continent all over, it’s not just Germany look at the results for Spain, down 8.7%.
As I’ve posted before Vodafone is now simply a utility company & investors should treat it as such. It’s all about income & sadly this is plainly declining.