Firering Strategic Minerals: From explorer to producer. Watch the video here.
Dan,
Agreed. Halfpenny only joined LSE late October last year. If he's relatively new to markets, it's an understandable error. Many who've been involved for a few years are known to make the same mistaken assumption.
As we know, to be brief, UTs are always a mix of buys & sells to complete & match the day's orders. - GL.
Dan & Longish,
VG points & it's not without good reason that a number of financial commentators recently expressed concern about VOD's high debt & falling revenues. Especially if in future interest rates were to rise faster than expected & make that debt more expensive to service. Though that's not a given, without increasing revenues, those risks increase with time &, probably, with it the risk of some cut in yield. Hence one reason for battering to SP in recent months.
That said, it's hard to be sure how much of that risk is currently priced around these low levels? If most of it is, then any bullish data should see a strong rebound fairly quickly. OTOH, if revenues keep falling & results don't meet future forecasts, we may see a bit more downside even from recent lows.
All in all, as for any global business reliant on economic macro-factors in its main markets, it's impossible to be sure. Hence the wide divergence in broker targets here from 125 to 300. - GL. Catch up tomorrow.
Dan,
Indeed. Disappointing as it's been, it's far from "junk". I also imagine that those like DJ don't really believe what they post. It's probably more so frustration.
If there's a chink of light here before key factors that may really galvanise SP, not least Liberty Deal decision on 2nd May & final results later that month (maybe Brexit before that?), it's that since 135+ was tested late January, it's been a support level & a base for some increase in buying.
In view of huge yield here, mindful that nothing is gospel, no surprise if that was a bottom. If one is right, then the only way is slowly up, bar inevitable blips like today's & some SP stasis on absence of fresh news. - GL.
Dan,
Whilst DJ frequently likes to vent disappointment, it's probably not a good idea to be selling near 10-year lows. Not unless one is absolutely convinced this is going a lot lower still. Of course we can't sure either way. Bu the time to exit or reduce this, IMO, was early December after the bounce to 170+. - GL.
Volcano,
Nice rise across the FTSE so far today. VOD's rise in line with that. Hopefully we can make steady progress over coming weeks.
By the by, one of a number of things that makes this site superior to ii's recently "downgraded" mess is access to lots of stock-specific info at a mouse-click. Top notch design & as financial sites should be. As most should appreciate by now, that includes updated broker ratings above, 2nd row bottom-left. - Just saying. - GL.
Dan,
Interesting. I like Cohen, too. Have all his studio CDs, including box set of 11. So many timeless songs. However, though his music is often very poignant, I never found the brilliance of his lyrics without a redemptive light at the end.
But most of this musical genius of old only lives on in the songs now, bar Bob Dylan who's still going & whose earlier stuff still resonates, & a few like Nick Cave & The Bad Seeds. Most new bands seem very light & superficial by comparison. - GL.
Hi Longish,
Thanks. Like the Magazine song. I'm familiar with their work, but far less so than with Doors, Joy Division In fact I have all the latter two ever released, including duplications on vinyl & CD. Sadly, we'll never see the likes of Jim Morrison or Ian Curtis again. O that's there's no doubt. Ditto Velvet Underground & Lou Reed.
Re VOD, as for any stock that's recently unloved: indeed so. A lot of it is sentiment & cyclical. But we still need to keep a careful watch on future revenues, debt levels & sustainability of dividends beyond this year's final.
As long as FCF covers divis we should be fine. Yield alone should attract more buying if all other things see progress. But whilst I continue to hold & now expect a L/T association here, I'm far from assuming anything. At least as far as timeframe goes. - Regards.
Comsman,
Brilliant band! Mind you, I nearly linked some Joy Division (another brilliant, but very short-lived band) as no less indicative of VOD's SP. ;o)
On a serious note: I increasingly try to cut off all emotion from sentiment-driven markets, notwithstanding my initial huge disappointment after VOD's Q3. Many people lose money from capitulating near L/T lows. But, IMO the time to sell this was much higher up, not near these levels. But that's no advice to others. - GL.
"Come on Jack, you'r not fooling anybody, we all know you are the famous J.D. International playboy. After a late recovery today, I might even do a small top up tomorrow? lets say £200k or so !?"
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Dan,
If only! I'd likewise be topping up soon. Instead of having random thoughts of topping myself if things get much worse. :o)
Jesting aside, like others, I considered buying more VOD with divis. But decided to build a bigger cash position in case this Brexit business ends up with no-deal & further sell-offs across the FTSE. Besides which, I don't want too many eggs in any one basket, just in case. Thus far I only hold a bigger overall stake in LLOY.
PS: Today's small dip insignificant as, once again, most of the FTSE fell & VOD's volume today not high at all.
GL & may all have a VG w/end!
Rbrand,
Thanks. This can be a punishing game. Mistimed buys are inevitable. Some of us are thousands down here. I imagine most of us considering SP at near 10-year lows. I also assume many of us aren't rich play-boys who do this for cheap kicks & thrills, for eg. those who claim to add 100K or 200K in single buys here & elsewhere as if it's no big deal.
I'm very far from wealthy, but still lucky enough to try & improve my personal finances via stock markets. So it seems far better for all to try to work together, notwithstanding inevitable disagreements & raised tempers. - GL.
A lot of what goes on BBs is just banter. Meaningless. Key thing is sticking with your convictions if prepared to hold longer-term for when the trend changes decisively. Would be a huge surprise to many if we weren't much higher closer to June's ex-date. As I said before, post as you want. It won't affect SP.
BBs are best when we all support each other with basic consideration, whilst avoiding excessive bullishness, or doom 'n' gloom even if we feel bearish. - ATB!
DJ,
Brokers know nothing more than we do. Hence the wide range of targets. For eg. GS has 300 for VOD, others have as low as 125. Many targets are well in-between those extremes. Who is right? Who is clueless? Take your pick as it's anyone's guess. IMO, they're best ignored. Just stick with your convictions until exit target or close enough seen. - GL.
Dan,
Thanks. From personal experience only, it seems safe enough. But it'd be interesting to know if others get the same warning message as you have about questionable security?
Despite making countless visits, I've never had that message. Neither for this site nor the one I linked (Investing.com). But it could be down to the OS or browser one's using. I'm on Mac OS X, using Google's Chrome. Former tends to be excellent for warning about insecure sites. Perhaps it's different for Windows users or those on other browsers? Possible some security code in Windows or browsers other than Chrome is erring on the side of caution, just in case. Other than that, I've no idea. - GL.
Sorry guys ("damed"). I give up on typo corrections. Can't even blame a new keyboard.
Damed typo: greed OR fear. - Cheers.
"indeed, so... you cannot predict the next day,month, or even hour ..so..what on earth is the point of moaning about something so susceptible to volatility .... either sell or wait ......"
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Poker,
I agree. Anyone claiming to know the future for sure, even according to a loose timescale, tends to be a fantasist looking to boost their ego, or on a wind-up. Though markets tend to be cyclical, the pendulum swinging from bullish to bearish & back again, that's all we know. No-one can out-guess what many millions of participants that constitute the market will do in future. Sentiment & herd-behaviour can be irrational. Greed of fear can dominate. Often, all logic goes out the window... for a while at least.
As Maynard Keynes said from personal experience, though mostly aimed at leveraged traders: “The market can stay irrational longer than you can stay solvent.” - So very true!
GL.
Dan,
You're right. Site was down for hours. But aside from the usual venting, presumably some may check the FTSE 100. One quick glance shows mostly a sea of red. Reasons why are fairly obvious considering what's dominated the national news again. VOD merely dragged down along with the rest by the usual macro-factors.
By the by, for anyone interested, site below also VG for live SPs. - GL.
https://uk.investing.com/indices/investing.com-uk-100-components
Mikey,
No problem. Fine by me. I can see both sides. BBs can easily become very ebullient, often based on little more than a 2p to 3p rise. Then turn sharply negative again when SP goes other way. It becomes an emotional roller-coaster & only adds stress.
As a personal view, having failed to reduce some of my stake when we were near 170 in early December, I now accept that recovery may be a very gradual process & my final sells may not happen until 2020 if I'm to see 200+. But if we see a significant bounce over Summer, I'll review my cheapest buy at 175+. But that's at least a few months away, short of surprise new data before then.
Post as you like, as for anyone else. Me too. ;o) - GL.
Mikey,
Expressing disappointment is understandable, but doing it each time the SP drops back seems pointless. We are where we are for a few known reasons. Next few months will be huge as regards either a turnaround, or else finding us stuck in in similar price ranges for a while longer until key data improves.
For now, with next big VOD specific news not due until May, short of major buyers mopping up cheaper shares to build bigger positions, it's hard to see what could galvanise VOD's SP to a higher recovery? - GL.
Wish their was a time-limited edit option. LLOY my biggest hold by far, then VOD. Also have a smaller interest in BARC, ITV & IQE left. But no worries for LLOY for those prepared to stay more patient, even if we see a disorderly no-deal Brexit. In fact, I might top up with divis. Hold 4 tranches & a few longs.
However, I'll sell all when I see targets, at least in the 70s range. Why? IMO, biggest threat isn't Brexit, but weakness of UK's government. Whilst Corbyn has little chance of winning next GE outright, an alliance govt with SNP is by no means inconceivable if we see mounting anger & a backlash against the Tories, especially in Scotland.