Member Info for Longish

Whilst the markets are up, VODs launch of unlimited 5G Data plans has underpinned the SP today.
Summary from the VOD media link below:-
'Vodafone is switching on its 5G network and bringing 5G to more places than any other network.
5G live in seven UK cities today; 27 cities in total across Europe. 5G roaming in four countries over the summer.
Unlimited mobile data plans from £23. No premium for 5G.
Unlimited combined mobile and broadband plans with Vodafone Together.
World first demonstration of the power of 5G to transmit touch using haptic technology.
Formula 1 Five-Time World Champion, Lewis Hamilton, officially opened Vodafone’s new 5G service.
5G smartphones and 5G wireless router available to buy now.

https://mediacentre.vodafone.co.uk/news/5g-unlimited-data-more-places-than-any-other-network/

Good close imo

Performance bonus shares etc...reminds me of when my kids were caught wiping chocolate on the kitchen bin....'no dad, we're wiping it off'

...still tracking the candles using the flash cards....

Todays candle is a Dragonfly Doji, a strong bullish candle. Extremely bullish if occurring at support...

MILAN (Reuters) - A group of banks is set to lend Telecom Italia unit INWIT up to 2.5 billion euros (£2.2 billion) to help it merge its towers with those of Vodafone, two sources said.

'Folding Vodafone's Italian towers into INWIT is part of a three-year strategy plan ironed out earlier this year by TIM CEO Luigi Gubitosi aimed at reviving Italy's biggest phone group which is saddled with more than 25 billion euros of debt.
The merger will give TIM and Vodafone equal shareholdings and governance rights in INWIT and exclude any need for either to launch a tender offer on INWIT’s remaining shares.'

https://www.marketscreener.com/news/Banks-readying-2-5-billion-euro-loan-in-TIM-Vodafone-Italy-tower-deal-sources--28838369/

Hi All,
Och-Ziff Management Europe Ltd increased the short interest tracker to 3.88% on 26 Jun so more bearish..
https://shorttracker.co.uk/company/GB00BH4HKS39/

Velos candle flashcards - today was a 'High Wave Candle' indicating confusion in the market place and often the 1st candle of a reversal. There were glimmers of confusion on Friday too. This will be an interesting week to watch the price movements. Game on imo, GLA

Interesting to see how Fed moves in July too

https://www.telecompaper.com/news/vodafone-romania-launches-first-5g-subscriptions-on-romanian-market--1298449

24 little hours
Brought the sun and the flowers
Where there used to be rain

BRUSSELS (Reuters) - Vodafone is set to secure EU antitrust approval for its $22 billion (17 billion pounds) bid for Liberty Global's cable networks in Germany and central Europe after offering concessions in May, people familiar with the matter said on Wednesday.

https://www.marketscreener.com/DEUTSCHE-TELEKOM-AG-444661/news/Vodafone-set-for-EU-go-ahead-on-Liberty-Global-deal-sources-28817985/

Hi Velo,
' now it should do the bleedin' opposite, LOL'
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….and indeed it has! In fact, studying the candles again :-), the 2 day pattern looks like 'Tweezer Bottom', a bullish Reversal signal and particularly strong when candle bodies are about the same size.

Thanks for all the time and info today. Much appreciated.
https://www.marketscreener.com/VODAFONE-GROUP-15867071/charts/

Hi Velo,
'Do you want me to submit and accept defeat?'
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Todays daily candle looks like a hammer but the real body is too long and lower shadow too short!
Does that indicate (confirm) instead of a strong bullish reversal we have a weak bullish reversal or uncertainty of 123 support?

Hi TLWilliams, Jack,

Infrastructurally and historically, I think the international arm of BT was carved out into Cable&Wireless, and a major part of CW was absorbed into Vodafone and is now part of the VOD global and regional footprint which forms a major element of the worlds internet backbone (hugely unrecognised imo).

I can imagine there was never a clear separation in BT so it retained some international facilities which continued to serve global and regional enterprise accounts etc. Recent management changes at BT, simplification of platform facilities/ commercial/ partner arrangements seem to have led to the current strategy of exiting the property portfolio where it makes economic sense and manage the bottom line eg an enterprise account in Spain might be unprofitable if it has to recover all the local costs including buildings and facilities so it would make sense to buy these facilities in on pay as you go basis from another local operator. Bear in mind, if a global enterprise account is itself capex constrained, if it is not buying in, then BT is not selling into the account. It makes sense to exit unprofitable 'points of presence'.

Topped up @ 123.874

Hi Jack,

It has to be good for VOD that DB have reiterated buy with a target price of 240p.

However BT, they cut their recommendation from 'hold' to 'sell'.....due to the low levels of fibre deployment and "less advanced state of convergence competition in the UK (versus other markets).

Fingers crossed for Liberty clearance imo

Hi Jack,
We may get lucky with the credit rating agencies now VOD has reduced the div and plans for fcf, debt payback etc. Probably have to wait for Liberty clearance 1st though. Although complaints about the 5G auction delays may speed up the german competition authorities and still surprise with an early clearance before they start their summer vacations.

Hi Mike, nice hedge though!

Hi Jack
'another test of 123+'
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You may be right. 123 was the last Vod UK employee share purchase scheme. I understand the new scheme is 100. The price is a small discount in the scheme of things but must be in someones mind as a new floor. Should give the employees more incentive to grow the SP at least!

Interesting week for me. I tracked Velos insights on candles as a technical indicator. I can see the merits, but this week the clunk and click of debt market tenders and new issues seemed to me to dominate the US and EU SP technical patterns leaving Vod with $1Bn incremental debt for 'corporate purposes'. I can only assume this debt is routing as per the debt programme pending Liberty clearance ie incremental cashflows that add to net present value and the SP?

In the meantime a hold.

Holding became more exciting this week with the emergence of Libra, Facebooks crypto currency now challenging the global monetary system. If successful, 27 partners, including Vodafone, would take some control of monetary policy from central banks. Of course, how that plays out globally, regionally and locally is now (urgently..) being assessed by a G7 working group in conjunction with the IMF and central banks. Democratisation and decentralisation of centuries old institutions and the emergence of multinational corporations, the US Federal Reserve and the European Central Bank....time will tell. Certainly a long term investment pregnant with possibilities!! You can pick up an article in the Weekend FT Opinion if you want to read more on this.

GLA

'UBS analysts research'
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Hi uddinkas,

Do you have a link to the research that can be shared?
No worries if not. thanks for the update