Bust?31 Jan 2024 19:06
Obviously the Vod share price has plummeted badly and doesn;t seem to be able to find a support level, at least not yet, however I see reference to Vodafone potentially going bust or at least the share price dropping to penny share status. Can anybody who really understands the financial implications of Vodafone's debt, offset by the vastness of the business and it's cash generative characteristics, explain dispassionately what the likelihood of such domesday scenarios really is?
I'm significantly (for me ) invested in Vod but not in any asset threatening way and I'm still toying with averaging down if the price drops to 65p, so would appreciate any genuine insight that's not coming from a ramping/ de-ramping perspective
many thanks