Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
So as to negate the idea that I am always negative here, firstly this years 20K ISA allowance looks to be heading this way soon & the following recent analyst report is encouraging (yes I know what we think of these guys) … “ Refinitiv data shows a consensus analyst rating of ‘buy’ for Vodafone – 5 strong buy, 5 buy, 9 hold and 5 sell - with the median of estimates suggesting a long-term price target of 130p for the share, roughly 49% higher than the current price (as of 12 December 2022)”. Here’s hoping and a HNY to all.
Rob your enthusiastic optimism is a joy to behold. I did say that I hoped RT was right though & as Hughie Green used to say “I mean this most sincerely folks”.
I guess this shows my age & that quite a few on here will be asking who is HG.
RT003 - what an insightful post please enlighten the rest of us as to why you are so sure.
Of course you may be correct IF earnings improve IF debt is reduced IF the right CEO is in place IF outlook improves IF the war ends IF cash flow guidance is upgraded by management IF economic conditions get better IF high energy costs aren’t as bad as the BOD report, I could go on. Hope you are right of course but don’t bet your life savings here.
111112 - If you believe what this absurd idiot O'Looney (good name) is spouting out then perhaps you need to have a reality check. Absolutely pathetic & of course let's hope that he's okay now that he has discharged himself from hospital. Perhaps if he had had the vaccine he wouldn't have wasted the time of the stretched health care professionals keeping him alive. 100% p r att
Rob - A dividend cut IF it happens may not be a disaster for the ongoing SP here. Some will argue that it shows the management wish to get debts under control if they use a divi cut to pay debt, note the IF there. The last time VOD cut the dividend the stock reversed an early loss to trade up 2.5% at close on the day.
TT - No-one really knows if there is any potential with this share but if it goes down as it has today by just 0.06 of a penny & this equates to a fall of 8.45% then surely this gives you a clue.
If you are thinking of investing here then ask yourself why & go have a lie down.
danielh the “keyboard warrior”- You should stop investing as you obviously aren’t any good at it. We all can see that you have lost a lot of money here & that’s what’s making you all bitter & twisted, hence your childish, pathetic, ignorant attitude on this open forum. Leave investing to the grown ups who know what they are doing Danny Boy. It’s quite apparent to all that your inferiority complex is entirely justified.
Had a bad day danielh?
Your posts are becoming more and more tedious and insulting, I suggest you take a leaf out of one of your recent posts and if you haven’t got anything worthwhile to post, just stay silent.
Happy Christmas.
VOD & other telecoms are now simply utility companies with all the excitement of an ironing board. I’m afraid to say that unless some other more intelligent posters convince me otherwise this sector should be treated as such.
My last post as I’m heading away to warmer climes for the holidays so seasons greetings to one & all & as the great Dave Allen used to say ‘May your god be with you’.
I see Bushy has been on the lager early again ... "RSI and Stochastic divergence on the daily" ???
Only 18th Android, is that 18th ramping or de-ramping?
Please let us know as I'll have trouble sleeping otherwise.
Denfos - Not a very charitable post regarding dan, I would have expected more in this season of good will. I also shouldn’t be so sure of your “lording up” 86p purchase. You have brought into a company with a market cap of £23.67 bn against debts of over £46 bn.
Just saying & danielh … we miss you.
We have 'DYOR' & 'IMO' etc etc & now for 2023 we have 'GHUA', thanks PFen.
Seasons greetings to all the long suffering VOD holders & of course to all the new VOD holders (you will become long suffering here as well no doubt about that)
A lot going on Thursday & Friday this week data wise on both sides of the Atlantic none of which looks like good news & which will have a bearing on the SP’s inc VOD. I fear no Santa Rally this year & a little drop in the SP here but thereafter I see a climb upwards.
My new year resolution / prediction for 2023 is VOD to be £1 by 1 Feb. Institutional investors will want gains here in their ‘23 figures (too late for this year) so expect some good buying here early Jan.
A lot can be assumed by the lack of any director buys even at todays price of 86p.
Having sold here in the 130’s I am itching to get back in but the lack of current director interest is a biggy for me. If a worthy CEO is put in place with a master plan for addressing VOD’s current issues I can see this getting back to £1 quickly.
Finger hovering over the buy button so come on VOD directors have some faith, spend some of your heavily inflated salaries & back your company. G L All.
For those of you wondering what this new & unhelpful broker assessment means … A negative catalyst in the markets can be anything that leads to a drastic change in a stock's current price trend. The most common catalysts come in the form of new, often unexpected, information that causes the market to reevaluate a company's business prospects. On signs the market will adjust the share price accordingly & any loans a company requires become increasingly expensive & hard to obtain.
A slippery slope I fear, sad.
Slarti - Pension funds & other institutional investors will certainly not be buying here, who do you think have been selling causing the SP to drop so much? It is certain that the dividend will be heavily cut or even stopped altogether & those pension funds always want fixed income to pay their liabilities. The best hope here is for a takeover but don’t hold your breath.
Where are all the “110 by Friday” brigade today?
So now we have it & I for one think it will be a good thing. The dividend here is now “under review” & we all know what that means. A 50% (if it’s that much) reduction will still see a divi of over 4% & an SP increase as the debt can be reduced with the divi money being saved.
Quote … “Vodafone faces "intractable headwinds", adding that dividend policy should be treated as under review.
Niel, who bought a 2.5% stake in Vodafone in September, said in an emailed statement: "A change of CEO only makes sense if the new CEO has a clear roadmap from the board of directors."
He said the roadmap should include streamlining Vodafone, selling infrastructure to reduce debt, driving cash generation and improving margins and focusing on broadband in Germany.
No never been a broker & apologies accepted, thank you. Just as a reminder we are all entitled to post what we want within the boundaries of good sense. If someone posts something negative they are just as entitled to do so as is a positive poster. As for me I only ever want VOD to succeed but there has to be some common sense rather than just posting "£1.10 by Friday".
A pertinent & current reality check as far as VOD goes is the following pasted from a well respected publication this morning, it reads ... "Instead of driving to become the world leader in mobile telephony, it has over the years, engaged in a fire sale of valuable assets driven by an intense focus on keeping investors happy with payouts.
The outcome is that Vodafone now consists a ramshackle collection of telecoms assets, is over-exposed to the moribund German consumer market and has a reputation for being unable to execute deals efficiently. It owned and sold the biggest mobile phone network in Japan & it was a 45pc minority investor in Verizon Wireless, which it sold for £78.4billion in 2014. The whole of Vodafone is now worth £25billion. That is value destruction on a grand scale."
Jedclamp - if you take notice of what brokers say I respectfully suggest you shouldn’t be investing in shares. You guys need to wake up, the SP is declining daily which due to the amounts involved means that the institutional investors are selling. Or let me put it another way, you are buying what people in the know do not want. Wise up!!
So a difference of opinion between Mesh & Narcus. What is blindingly obvious to me is that there is turmoil at board level & it needs sorting … fast.
My guess is that there are concerns over the declining revenue income which as we all know is desperately needed to keep servicing the massive debt pile. If it ain’t coming in it can’t pay what’s needed. The German issue is a real concern after paying so much for exposure over there & what is in no doubt is that this is / was a major f’up. Figures wise for debt are Vodafone has liabilities of €33.6b due within 12 months, and liabilities of €63.3b due beyond 12 months. Offsetting this, it had €14.7b in cash and €8.63b in receivables that were due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by €73.6b. These figures are from earlier in the year, as we all know the latest figures were worse.
However, this deficit casts a shadow over the €40.4b company, like a colossus towering over mere mortals. So potential investors here my advice before parting with your hard earned is to watch the balance sheet closely, without a doubt. For those who continue to big this company up just ask yourself why the market thinks this is worth less than 90p a go. So as you’ve probably guessed I tend to agree with Narcus.