The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Great stuff as usual Strictly & like me (although I am only 64, not 70) I am happy & content to read that you are taking dividends & trading profits as income.
A great way to finance my lovely new shiny Triumph 900 coming on 1st March, much to the disgust of Mrs G.
Expect a re-trace today as yesterday was a bit of a knee jerk reaction to the BOE’s latest guess on the UK economy. Inflation is paramount as to where most share prices are heading so when announcements are made in the coming months that this is coming down the herd will follow & housing shares will no doubt increase. I’m a strong hold here, not a time for selling. GLAll.
Sorry to read about your AIM woes Noexpert.
There is a well known national race every year at Aintree, a very grand affair.
The AIM is just like trying to pick the winner of the said race, but I don't need to tell you that.
Thanks Strictly sound common sense as usual.
Now that the financial commitment that house builders seem to be in for is making headline news I have a theory about the negotiations with Sr Gove in the run up. I respectfully suggest that now that we have agreed to commit to opening wallets, His Majesty's Gov may have also agreed to re-start the help to buy scheme or something similar & that will be announced in the weeks ahead.
Economic growth is the big thing currently & the Tories are desperate for it otherwise Wiggy Starmer will get the keys to No 10. A booming housing market (when it picks up) will assist the growth aspect greatly & an incentive scheme will be very good for us here.
If anyone is worrying about their share purchases & or the state of the UK economy perhaps they should look at trackers, that is if they want to invest in shares in the first place. You have to be really lucky or really in the know if you want to get rich quick by playing the UK share game. 5 years plus in the mantra fellow investors.
By the way Minnie not everyone is losing money in this country, I wish all investors good fortune.
Correct Casshy, VOD is 90p ish because that is what it is worth. For all the dreamers on here saying 150 by summer, dream on, it’s not worth it. Also for the other posters writing that they wish they had more money as they as desperate to add. The reason you haven’t got more money is probably because you have brought this pathetic share. There are other companies out there you know.
Another entertaining spat between the two big brains (ha!) on here, but is Mikey right or is Danny boy?
Results soon so we will have an idea of the short term trend here.
As for brokers we have Deutsche (DB) against Jefferies (M) ... Deutsche is maintaining a buy rating with a lowered target price of 195p. Jefferies’ outlook is more pessimistic offering a target share price of 85p and a hold rating due mainly to revenues which are seriously declining on the continent
Furthermore, Jefferies’ full-year guidance is below consensus, with EBITDAaL forecast at €14.85bn on the upside €14.48bn and cash flows of €4.95bn on the upside.
Is Jefferies’ pessimism justified? We’ll find out when Vodafone faces shareholders on Wednesday, February 1.
My money is on Mikey I'm afraid, VOD is currently a giant rudderless ship drifting towards the rocks.
I agree BE that growth is what the country & in particular the tories are in dire need of.
Rishi being a brexiteer won't like the fact that leaving is costing the UK has about £100 bn, not my words but a study by guess who, "The Tories".
Sunak soon to be the leader of the opposition, if he stays that is.
I've decided to post here despite not wanting to incur the wrath of Sphinx for telling it like it is.
My brother in law is a senior foreman on a large housing site in the West Country where PSN & two other national builders are currently wrecking what was a beautiful green belt site with their tiny boxes with no gardens, but that's another story.
A large number of people have been laid off this site since December & the houses that are being built are going up very slowly, all sorts of deals are on offer to entice would be buyers, as one would expect.
Having said this I am confident with my stocks in this sector, I am a buyer & holder with no need for the money invested, I appreciate it would be different if your investment plan was looking for a quick profit.
Most house builders have good land bank stock already paid for, most generate good profits & some have good management. There will undoubtedly be a good increase in the SP's from here when the economy picks up & interest rates are coming down & will continue to do so.
Dividends will surely be hit by falling profits & opinions are divided if this will hit SP's, personally it doesn't bother me as whenever companies have done this in the past prices usually normalise after a short time. A lot of grief is already priced in so topping up IMO wouldn't be a bad idea. GL All.
So did e& buy Cevian & Rasteh's stake here on the quiet?
News ... "Europe’s largest activist investor has dumped its entire stake in Vodafone in an apparent admission of defeat.
Cevian Capital had built up a large but undisclosed holding in the FTSE 100 telecoms giant in 2021, becoming one of its ten largest shareholders.
News of Cevian’s exit came after James Rasteh, the head of fellow activist investor Coast Capital, said that it too had sold its position in Vodafone after concluding there was no attractive model for the business."
Gazza - I post my thoughts gained after years of investing & attempt to paint an accurate picture of what is affecting companies for the benefit mainly of new investors. Most of us have lost money particularly on the AIM & sensible, accurate posts may assist those with less experience. After all this is a forum where all opinions matter, as long as posts are not made up. I would be ecstatic if the management here stop wasting your money & eventually add value. Please enlighten us all as to what they have done which is benefiting shareholders. If you cannot perhaps that is a bit pathetic as you put it.
It is obvious now to anyone with half a brain that Brexit is to blame for billions being lost in trade and tax revenues. By the end of last year, Britain’s economy was 5.2 per cent, or £31bn smaller than it would have been without Brexit.
As a result taxes are rising considerably more than they would have, this country is a mess & now a laughing stock throughout the world. How many PM's have we had recently, how many chancellors & now the Ginger winger currently residing in Los Angeles is ridiculing his family which only adds to the ridicule. Thankfully we have the NHS (irony there).
Come on you half brainers give me a reason why Brexit has been a success & don't mention immigration or the release of extra funds (another Boris lie) to the NHS.
Westo - In reply to your question is there any worth remaining here I was disappointed to learn that EME has agreed to give directors 2.832 million shares for this year ONLY & another 3.7 million shares as "options".
All this is doing is diluting the SP for everyone else daft enough to buy these. I would have thought that Mr Kelly & Mr Bisht's (2 of the 5 most heavily paid directors) salaries of over £500,000 would have been enough. Good job the snouts in the trough don't get paid by results or there'd be a longer queue at the foodbank.
As I type at current prices the dividend yield is touching 18% so a 50% cut from there will in my opinion be both prudent & sensible.
The market will like the fact that PSN are keeping some money back for a rainy day whilst still getting 9% ish' so I don't see a major collapse in the SP if a cut is announced. I like this sector as it suits my plan going forward so I'm here long term in PSN, RDW & BWY & I'm not unduly bothered if a cut is forthcoming.
The decision for me I'm glad to say is when to buy, if only Santa had brought me that crystal ball I put on my list.
Fleecy I wish that were true but upgrades to 5G will follow as sure as night follows day ... at a heavy cost.
6G is expected in the UK around 2030 & 7G is already being used in Norway, Holland & Hungary with many other countries expected to adopt it in the years to come.
It ain't easy this old telecoms investing lark.
A very happy, healthy and prosperous 2023 to all posters here and their families. This is the time of year for predictions and new year resolutions so here goes.
I am of the opinion that VOD will soon have an energetic, forward thinking CEO, someone who will rid the company of its complacency and improve the lives of all shareholders and employees. Yes even ex-employees who have retained one share.
Upon the announcement of the new CEO there will soon after be a flurry of good news announcements, a slimming down of dead beat parts of the business, a promise to keep paying the divi and a paying down of debt. As a result the SP will rise exponentially and we can all pay our gas bills. Prediction over, best wishes all from everyone here up high on the hills.
We all know that Carltt lives in a damp and dingy one bed rented flat above a fried chicken shop & has to pay £1,200 per month for the privilege, hence his bitterness towards landlords. If only he had paid attention at school he would have a decent job and wouldn’t be where he is now posting repeatedly on here thinking it will help him. The repeated posts alone gives everyone an insight into his intellect and intelligence.
For 2023 Carl how about getting a life?
Meh - I guess that the interim CEO Margherita & her chums on the BOD are having to take their time in choosing the new CEO. After all they mostly serve on the boards of various companies, not just VOD, Marg is also on the board of Reckitt Benc so that will take up some of her precious time. We can’t expect them to only have one job no matter how highly paid, the snouts need to be in as many troughs as possible. Appointed to enhance shareholder value so she was, don’t make me laugh. Happy New Year all.