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Robleo - You ask what I think & by the way I vote for Rob as being the "2023 Voice of Reason" on this board (& over at LGEN & AV. which I also hold) he should have been a diplomat.
As for VOD & my opinion of this company, as you know I sold out in two tranches in the 130's. I miss being a VOD holder so I often read this forum as I dearly want to get back in & dearly want the company to succeed. My opinion FWIW is that this could go two ways & we know what they are. I think the dividend is safe as it's covered by free cash flow & in the short term they need to get Germany producing, after all they've only spent 20 billion plus euros over there. Net debt is coming down, they are well positioned in Africa & will the whole company go belly up? Possibly but unlikely.
So, I'll probably soon just do a 5K buy & then I'll feel I can post again here with impunity, good luck all.
Taverham - The numpties that voted for Brexit will never admit they got it terribly wrong, the economic facts are overwhelming for all to see. Now this tiny little island has the sickest economy in the developed world & things are going to get worse.
Personally it doesn’t matter to me too much as I have done well financially, it’s just disappointing that so many gullible, supposedly intelligent individuals were taken in by the lying, imbecile & his cronies.
As the saying goes … Everything you do, everything you say, every choice you make, sooner or later comes back around“.
Perhaps E& will bid for the whole of Vodafone, it’s probably the only way they will ever break even on this dog of a share.
Vodafone’s new CEO seriously downgrades company guidance as one of the first things she does when assuming responsibility & then underlying cash profit come in well below the very same downgrade. I’ll leave posters to decide if they have confidence in this BOD going forward. Down again Groundhog Day !! .
Other reasons why not to invest in Vodafone, I just wish it were different.
“ Vodafone was the second most complained about company last year, according to an Ofcom report, and they also lost broadband services for 11,000 people across the UK in April”.
Many, many more per month in Germany, the most important market for income.
Is it any wonder that the CEO says they are concentrating on growing business accounts? Because they can’t keep domestic.
Couldn’t make it up!
Correct Poker & the "churn" of customers leaving VOD in Germany is now reaching major proportions, the CEO must be eternally worried. Our German friends are as nationalistic as some are here & the very fact that VOD is deemed a British company & the Brexit factor doesn't the retention of customers there one bit ... fact!
The major loss of revenue in Germany is one of the reasons that so many staff are being axed so g od help the next set of results.
Oh look the SP is down again today when almost everything else is up.
What a dog share this really is
Is Flemmy the new Daniel?
No, Daniel is a unique individual but when Flemmy posts such as “ All the more reason we should move even further away from the EU. They're not our friends, the sooner the UK Government accepts that the better” & the rest of his nationalistic rants it makes me wonder why he has spent money on a company such as Vodafone who after all has one or two overseas interests.
Close the airports, barricade the ferry terminals eh Flemmy, ha!
Correct Noveck & with the company also saying income / profits aren’t going to increase in the years ahead (code for declining) isn’t it any wonder the SP is tanking.
This is another reason so many employees are being lost, the company needs to save cash.
It’s a total mess brought on by inept directors who remain feeding at the trough.
What is Vodafone Group Probability Of Bankruptcy? VOD
Just look on Macroaxis (well respected researchers)
https://www.macroaxis.com › ... › Company Profile
Based on the latest financial disclosure, Vodafone Group PLC has a Probability Of Bankruptcy of 36.0%.
If you add now you need your head read. Big players may sell soon, panic & game over. Shareholders are always last to get any money, debts paid first & they’re a little bit of that.
Trader, they couldn’t find anyone willing to take in the job so they only interviewed one person & she got the poisoned chalice.
Any company that states its intention to get rid of such a large proportion of its workforce would set alarm bells ringing, particularly future dividend alarm bells. That, the colossal debt, dwindling income, more and more competition etc etc makes this very unloved.
All those saying no brainer, buy buy etc just need to get real.
It reminds me of Marconi whose income just kept on dwindling until its loans were called in and every shareholder lost every penny.
There isn't a director buy listed for Vodafone on LSE since April 2022, this my friends speaks volumes.
Some would say that directors know a thing or two about their company (some though may disagree on here).
Meanwhile the lambs keep buying, the SP keeps dropping & the value of purchases diminishes.
Well said & most of us on here agree Mr Cautious. What the obnoxious dannyboy & LTI need to realise is that Porsche keeps getting it right & they keep getting it wrong & that’s why they keep getting poorer. Some fools just never pay attention, shame.
When will people see that it is the lack of any plan for growth that is the point here. Vodafone still have massive debts to service, the main market Germany is suffering & parts of the group are being sold off hence exacerbating the lack of future growth prospects. The BOD have a tough job here and a major worry is that they had to recruit from within again, no one else of any calibre seemingly wanted the job and who can blame them.
Dannyboy if you had a brain or if you had a clue what you were on about you’d be dangerous.
Really shouldn’t be allowed to invest in the stock market… how’s that going for you?
Perhaps you used your own infinite wisdom in making your own investment decisions, I rest my case, total n u m p t y.
Just why would anyone thinking of buying shares invest in Vodafone?
It has masses of problems, enormous debt, declining revenue, a dreadful BOD & a same again new CEO.
There are numerous other companies out there much better off than VOD without any of the drama. These others are being brought & not VOD & that’s why the SP is in a downward spiral. God help shareholders after results.
Scaredy I hope you are right BUT if you take your rose tinted glasses off for a minute.
Given the low level of dividend coverage, the lack of dividend growth (it’s been the same for years), and the amount of debt on the balance sheet, this isn’t a stock anyone buy for income, the risks of a substantial dividend cut are too high.
The divi payout isn’t sustainable,
For those new to this game when investing for dividends it’s worth checking the dividend cover. This is the ratio of earnings to dividends and it provides insights into how sustainable a company’s payout is.
For Vodafone, the ratio is just 1.16 for FY2023 which is very low (indicating that the dividend may be at risk of a larger cut). Generally speaking, a ratio of two or above is desirable.
Sadly Jax I agree especially with this mornings poor economy announcement.
Vodafone just can’t win, the City obviously has no faith & it’s getting a kicking.
Too much debt they say so VOD sells some assets to “pay down debt” & when it does the “how can it grow when it’s selling asset” brigade come along.
The fault lies with previous boards of directors who have made a once great company into this shambles & as ever the shareholders are worse off.
I fear for next weeks results especially with the biggest market, Germany, not producing the numbers. We will know soon.
Well said Rob, always good to read your posts. A career in the diplomatic service would suit you my friend.
I've held this share for years & it has a great stable dividend.
It trades throughout the year roughly between 2.10 & 2.85 & my little strategy here is to sell above 2.70 wait a few weeks or months & buy back in under 2.20. I always take the dividends in cash & for the last few years I've always increased my holdings by doing this, now holding 9277 of these. I guess I'm fortunate in that I don't have to rely on shares for an income as I'm well covered elsewhere & patience is definitely the name of the game here.