Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks Armani nice to have good news going into a new year. £80 million is not to be sneezed at & perhaps another reason why a takeover might be in the offing. £5 per share anyone?
Mikey & others, Jax will soon be changing his name to either Kermit or Miss Piggy (depending on the muppets gender) because he / she is a simple muppet. Anyone that feels the need to continually post the same rubbish here, sometimes at dawn, can only be described as a muppet. I bet the idiot sets an alarm???
Thanks for all your replies fellow posters & after careful consideration I'm not going to go down the annuity route, it just doesn't sit well with me & my pensions which are index linked provide very well.
As an exercise I did an online comparison with just putting in 250K, single life, non-smoker, healthy, 65 year old male & Aviva came out on top by quite a large margin. LGEN were languishing in third place quite a distance behind.
Happy New Year to all, GB
I just don't get the point of annuities. Firstly, they are taxable income so you lose 20% or 40% & they / your money dies with you.
If the money was spent solely on good income paying stocks, spread out buying the safer ones which are unlikely to go bust, bringing in regular safe dividends, preferably in an ISA, then surely this would be better long term & especially in a low interest rate environment. I know people will say that if the company goes bust then you lose your money, that's why you spread it out, but as sure as eggs are eggs when you expire then so does your investment. Seasons Greetings to all.
Robleo, I agree why sell here, LGEN pay a great dividend which will be increased a minimum of 5% per year for the foreseeable future. Its potential for company growth is outstanding, just look at the latest news from the USA. I for my sins only gave £12K invested here but that brings me in very nearly £1,100 in divi’s every 12 months. If there is a better place to put some money dear posters please enlighten me. Seasons greetings to all.
Don’t be down hearted Voders, this is now at a stage where the big money is thinking of a takeover. By big money I mean the Middle East or the USA. Wouldn’t it be good if Verizon (remember them) wanted full control. You heard it here first & seasons greetings to all, even Jax the top muppet. (Where did Mikey go, any idea)
NO FEAR - I agree that VOD is at or very near to the bottom of its SP range. There is plenty of money coming into this enormous company. Posters here have no real idea of the size of this complex business. Also Beo1 don’t let Jax05 get to you, just filter the tw at out, he’s a waste of space & it’s well known that the 05 refers to his IQ, one sad muppet
Rob - I’m full of compassion for all VOD holders mate, even that numpty Jax. I almost hit the buy button this week on Tuesday but decided against. I’ll keep watching here if only for the entertainment value of the one brain cell brigade (you know who you are)
Crikey Nonsense - who asks ... "Why this drop so much ? Will the dividend remain same for next few years .any guess about sp for next few years ? Is this a risky investment if I invest more ? Any suggestions from old experience investors?"
Crystal ball anyone & do all experienced investors need to be old??
FWIW I'm old (64) but not as old as my brother (66) he is a better investor than me.
Would I add here at this time, not on your Nelly, as us oldies say.
It’s now obvious that yesterday’s rise was simply down to following the market due to the Fed announcement. VOD is on a seemingly unstoppable downward trend, apologies for stating the bleeding obvious. Other recent buys from me PSN, LGEN & AV are all up between 25% & 35% over a short period of time so yes folks there are other decent businesses out there. Housebuilders I respectfully suggest may be worth considering. Just a whiff of an interest rate cut on another continent sends them soaring. What would an actual rate cut do? Of course DYOR & GLA
Mesh says - For a complete takeover 140 is a minimum.
Mate I’m unsure what planet your currently residing on but there’s more chance that the market will suspend Vodafone shares than them ever getting to 140. Of course most here hope you are right.
McT - You ask what am I missing & you also mention the debt pile, which I think everyone here knows is a big issue. As far as what am I missing may I suggest 'Market Sentiment'.
This is not to be overlooked & as an investor of many years I have seen this haunt companies many times, the mining sector around 2020 is a very good example, the market was giving them away & brokers forecasts were terrible.
How to repair sentiment & what is causing it? May I suggest the ongoing issue of dividends. At today's SP the yield is almost 12% which is much, much too high & the market knows it. All the while there is uncertainty of a cut the SP will struggle & will probably keep slipping until February's results at least.
There is always debate over whether a dividend cut is good for a companies share price, I recall when VOD last cut their dividend which was by 40%, in 2019 I think. The SP was around £1.30 then & debt was about 27 billion euros, did a cut help, probably not in that case.
In Germany, there is also another looming problem which will affect VOD's earnings, a TV regulation change. Vodafone can no longer negotiate group deals with housing associations, all TV deals now need to be done with individual households. Broker Numis says this puts €800mn (£689mn) of revenue at risk from January 2024.
Back to market sentiment & miners, yes it recovered & I was fortunate enough to make some seriously good revenue of my own having brought BHP & GLEN whilst they were in the doldrums back in 2020.
So, if the miners can do it so can VOD - just be patient & keep your fingers crossed, good luck all.
Just wondering if there are many people like me out there who are seriously thinking of buying back in here. I sold my 16,000 odd shares here at £1.31 & £1.34 a while ago & used that money to buy LGEN & AV which I will never sell (Good to see Robleo on those boards).
Now, that I have some additional funds my buying finger is hovering over the requisite VOD buy button.
Yes, there are lots of issues with Vodagone but it is a massive company & must be ripe at these levels for a takeover rumour or two at least. As the housebuilding sage 'Strictly' often says I wish I could drink with Captain Hindsight once in a while. Good luck all who are invested here, some of you guys have been waiting far too long for a turnaround.
Now that we hear that the class action for alleged overcharging is spreading to other countries I would counsel against buying here until the issue is sorted one way or the other. This company & the sector in general has more than enough issues without this but they only have themselves to blame for the overcharging issue, simple greed with no thought for their customers.
This isn’t going to improve anytime fast & I can see it falling further. Vodafone is struggling to generate enough cash to pay the dividend, which cost it a thumping €2.5bn in 2023. Adjusted free cash flow fell 11% last year to €4.8bn and it's expected to slide again, to €3.3bn in 2024.
6 million customers lost in just 2 months & debt re-structure is going to cost a lot more.
So, who in their right mind would buy here?