Member Info for Kiom

The last set of results disappointed materially with the increase in the debt from 32b to 35billion. In this higher interest rate environment it was the last thing the market wanted to see.

But did MDV kitchen sink stuff to give herself a clearer run into 2024?

Whatever, next step of results needs to show her strategies are beginning to work with growth in revenues and a significant debt reduction programme in place.

van Boxmeer has been a disastrous Chairman, no crossover from Heineken revitalising parts others cannot reach so far, the market will hunt this share down until MDV and van B give them a compelling reason not too.

I am not that confident…..

Failure to bring a more convincing story on growth and debt reduction by the next set of results will be the end of these two.

I cannot see any significant rabbits appearing in the next few months, revenue growth in each of their markets and debt reduction essential to move sp upwards.

All the posters on here today should be focussed on the reasons this share continues to underperform not whether it is great or not to bring back Cameron or whether it is great or not to sack Braverman.

Spelling on here is atrocious - Sunack, thier and embarressing - all 3 reflect this board today.

This share is on a P/E of just over 4. It tells you all you need to know of what the market thinks of the extremely disappointing and error prone CEO and his board of directors.

It is good to get rid of a CEO if he has lost the confidence of his largest shareholders as Read did, despite the fact that van Boxmeer endorsed the strategy for 2 years b4 he acted to save his own reputation. MDV’s road is much harder than Read’s due to very choppy market conditions - we will see if she can present results that do not disappoint the market as VOD will be punished if she does. Let us hope the groundwork has been laid so that the figures do not have any nasty surprises and that the forward guidance is more positive.

Let us just pay her remuneration compensation and move on.

No, that cannot be right, let us hang it out and give NF all the oxygen he needs to continue damaging their reputation.

The whole NW Board should hold their heads in shame, unprofessional and prejudice - a bank to avoid.

Their largest shareholder should say - “Do not pay a penny in compansation.”

NAV is just over 47p on 63 billion shares.

In 2015 the NAV was over 50p on 71 billion shares.

Pre Covid the share price was over 60p when interest rates were near zero.

Now with a more healthy NIM the share price is 41p and in the interim period substantial buy backs have occurred.

The LSE has LBG on a P/E of approx 5.5, Barclays on a P/E of less than 4 - that tells you all how the markets are so concerned about the level of debt everywhere and where they value banking shares. Value destruction will continue and the overpaid Boards of these banks can do nowt about it.

The results are fraught with danger

The FCA has to be investigating the quality of the NWest Board for accepting the DSAR on NF which is so unprofessional and Venal in content,

The Treasury must have opposed any compensation to a discredited CEO who has committed Gross Misconduct,

The Honours Office should be considering to rescind the Knighthoods of both Sir Howard Davies and Sir Chris Bryant and Dame Alison Rose for acting in a manner unbefitting of their privileged status.

Any contractual protections Alison Rose may have are trumped by her disgraceful actions and the ordinary NW shareholders, constituents of Sunak and Hunt and customers of NatWest will be assessing their loyalty depending on the revelations.

If I was NF I would be suing them for serious damages under libel law.

The Risk Director who cost Barclays over £500 million a couple of years ago is proving to be equally adept at destroying shareholder value as CEO.

Go get your big bonus Venkat, the market holds you in such high esteem, a P/E of less than 4.

Over the last 12 months M&S and Rolls Royce have been successful turnaround stories. In both the market has recognised their growth prospects and have shown confidence in their management.

The Banks, however, continue to drift downwards continually pursuing policies that attract journalistic wrath both financial and editorial.

Each set of results is underwhelming and the dividends continually held back by share buy back programmes that have done nothing for the share price or the shareholders return.

I despair with the Board of both banks, they are substantially overpaid for their performance.

No wonder the institutional shareholders look elsewhere for their returns, the banks are toxic in their outlook and performance.

Hopefully next weeks results will be slightly better than expected and the shorters get burned.

I live in hope….

Disclosing slanderous and false information to a journalist about a customer cannot be construed as any thing other than Gross Misconduct in my opinion.

The NatWest Board cannot sanction any pay off and she should also lose any pension entitlements.

This is what would happen to any ordinary member of Nat West staff acting in the same way as Alison Rose.

The Institutional Shareholders and the FCA cannot let this happen, it will say the whole system is rotten if they fail to oppose a payout.

He is my vote for the CEO of the year.

Whilst fully endorsing a ESG agenda and continually disappointing the market with below expectation performance, he still holds on to his job whilst pocketing at least 80 times the average Lloyds employee salary - outstanding performance from him and the Board.

Why do we pay this Board of Directors a fortune in remuneration to consistently underperform,

profits below market expectations, a dividend return lower than pre covid, a share price that stays locked in the doldrums. When will this Board ever present a set of figures that excites the market?

Until they do, should they even consider paying themselves a bonus?

When the market wobbles, weak shares tend to crash even more. There has been zero market confidence in Vodafone for a long time.

Van Boxmeer, the Chairman, role is to woo the large institutions and engender strong market sentiment towards the strategy the company is following. As he has been in office for 3 years+,

the market has given its verdict.

Destruction of shareholder value will only be arrested if the CEO can arrest the decline in all areas of the company - fcf, customer numbers, discharge unwanted assets at acceptable prices

etc., a vey tall order.

What has gone on today is beyond my understanding, hopefully a full RNS tomorrow.

Whatever market conditions, low interest rates (market worries regarding NIM)and now higher rates (market worries about bad debts) the market does not like the banking sector. We are still considerably below the pre pandemic share price level. Charlie Nunn has not been able to influence any better market sentiment towards Lloyds. In the States Private Capital is all the rage and no doubt is making inroads here.

Lloyds has been a dog of a share for a considerable time and there does not appear there will bet any change to that story in the foreseeable future.

We pay these executives fortunes to see them oversee the destruction of shareholder value - what a shambles.

Well it is never a good day when you present results and over a 2 day period you reduce your company’s market cap by over £2 billion.

The US is very unimpressed - oh well, perhaps MDV and van Boxmeer can reflect whether they prepared the ground as well as they could have.

In the event that the Voda story has not improved by the time of the next results the large shareholders will be after their heads.

Well Pokerchips,

The days trashing of the share price continues, my comments were not directed at the major shareholders reaction to the daily share price movement but at the city’s confidence in the capability of the Chairman and CEO of the company.

Their verdict today is compelling......

Perhaps, as a long time employee of Vodafone, MDV should have said

“my performance is not good enough”!

Announcing 11000 job cuts over the next3 years just unsettles 89500 staff - they should all go and get Income Protection Insurance...

The anonymous, cowardly van Boxmeer who was at Voda for 2 years before he engineered, with the help of MDV, a Board vote of no confidence in Read, has yet to bring anything to the party - the view of the city money men/women about him is scathing.

In promoting Read a No 2 to No 1, have they made the same mistake again and created their own LIZ TRUSS?

No doubt with her revised 2024 guidance forecast MDV has created for herself some wriggle room to outperform - we will have to wait and see but the major shareholders cannot be impressed with how the value of their holdings is being trashed today.

Meanwhile, for the BOD there should be no salary increases, bonuses or share performance incentives until the share price is back up over at least £1.25.

This is going to be a long road and any confidence the 3 merger will go through diminishes every day.

Voda is now another FTSE 100 company in the “Basket Case”valuation bucket with all the Banks - welcome to UK Plc.

Only £20.4 million of inventory gone missing. No apology to shareholders, just suck it up!