Member Info for longtimeinvestor

3i Group reached yet another all time high - over £40 per share - incredible

AZN well up on results

Aviva reached another 2 yer high

BAT at another 2 year high

IMB reached yet another 6 year high

SAGA continuing it's update trend since update, but still at an extremely low valuation.

LLOY continues an upward trend to a low valuation of about £38.45 Billion

Another 6 year high reached today

Yes, now at a 2 year high

3i Group reached another all time high

BAT reached another 2 year high

GSK well up on results

IMB reached yet another 6 year high

SAGA well up, continuing the upward trend since update

TSCO reached yet another 10 year high

LLOY currently up to about a low valuation of £37.5 Billion

Rob

''the buybacks alone will not make a huge difference''

a 4 Billion investment is a good percentage of the current market cap.

''the company will also have to improve on it's profitability to get a substantial increase in the share price''

Vodafone is currently of a low p/e ratio, so a re rating is possible with falling interest rates without increasing profitability, but of course with reductions in debt made from sales of non performing assets , the bottom line profitability should benefit. Investors should consider whether there will be improved profits to be made from this point in the markets in which they operate.

Val

Yes , Vodafone are getting onto a sounder footing - most of the asset sale proceeds will go on debt reduction.

G59

what a waste of a post that you made.

Any investor should already be aware .

'' Shares acquired by GSI will be subsequently repurchased by Vodafone, held as treasury shares and then either cancelled or allocated to employee share awards as they fall due.''

https://www.lse.co.uk/rns/VOD/8364480-million-share-buyback-programme-to-commence-ax1d8yxaurxu8hc.html

LR

''If shares held in treasury save the company Divident payments, then if they are released quickly, there is little saving''

Most shares being bought back will be cancelled.

Shares being bought by employees or part of share incentive plans are a fairly insignificant amount as a percentage of share capital over the years meaning it is hardly a concern as to the timing of employees gaining their shares by way of purchase or incentive plans.The market should be informed about transfers out of treasury - end of.

FOG

''Here, we sit in dividend/value traps for years and pretend we're happy that the share price is low'' '' Madness.''

then

''P.S. I did still take a cheeky slurp yesterday at 65p though''

How weird.

Yes having a low valuation whilst a total of 4 Billion is being invested in Vodafone shares IS far more beneficial to shareholders than spending 4 Billion at a high valuation - common sense.

There is no incentive for institutions to push up the valuation whilst the spend is taking place. Obviously improving profitability would have an impact.

Good to see Vodafone acting on debt

Col

yes they did. The previous dividend payout became unsustainable given the amount of debt that was on the balance sheet, and is now at a level that hopefully will be the base from which dividends could be increased in the future .

Some debt has been paid down, and removing as many shares from the market as possible with the allocated monies, will also help with distributable profits being eligible to be received by far fewer shares.

Dividend being paid on Friday - I bought some today

M99

btw, share repurchases are an investment on behalf of investors retaining their shares

M99

Vodafone are strengthening the balance sheet by using a lot of the proceeds from non performing asset sales to pay down debt, and with 4 billion of it, taking advantage of the current low market cap by buying back shares for the benefit of shareholder keeping their shares for the longer term.

The opportunity to spend a large percentage of the current market cap on shares will not come about too often in the future, so the most has to be made of the current opportunity - there is still nearly a maximum of 2.5 Billion to spend.

Rob

''it never ever fails to disappoint''

I have said before - it is of benefit to have a low valuation whilst billions of shares are bought back. I am sure that institutions are content with that being the case, as am I. There is still nearly 2.5 Billion to use on share repurchases. I won't be complaining if the valuation increases a great deal before the money has been spent.

LR

why do you not apply any commonsense if you had any?

shares going to staff whether as part of remuneration or shares that are being purchased by staff would be released from treasury as and when they become due.

Vodafone will periodically cancel an amount of shares held in treasury , although It matters not how long they are kept before being cancelled.Transfers out of treasury should be notified to the market.

https://www.tipranks.com/news/company-announcements/vodafone-cancels-nearly-959-million-treasury-shares

Dan

'' I think it is clear to most on this forum that you do not have a clue.''

Thinking that giving facts is not having a clue, would say a great deal about them if that were the case.

You making these nonsense posts also says a lot about you.

What is it in what I have posted that you do not understand, and therefore think that it is not true?

M68

''the large shareholders just agree to everything!!''

they give approval to things that are of benefit to them. If simply sitting on exiting shares without further purchases,, then their percentage ownership would go up a nice amount on completion of the 4 Billion spend

Lr

btw

shares held in treasury destined to be cancelled , are as good as cancelled as far as sharing in any profits eligible to outstanding shares is concerned.

LR

''NO IT'S NOT!!!! Not when the shares are not cancelled''

do you also lack reading ability?

The vast majority of shares bought back will be cancelled.

The effect of the buyback programmes is the same compared to a business that would issue new shares to accommodate employees.

''think you're king of the LSE Website and BB Police.''

once again - really - I am simply replying to posts thatIi feel need a response. Easy enough for most to understand.

''I fully understand''

if that were the case you would not have needed replying to.

SAGA continuing it's good run since update

BAT reached near 2 year highs

IMB reached yet another 6 year high

TSCO reached yet another 10 year high

VOD dropped a lot on update (looked ok to me) - took advantage and made a purchase.

LLOY up to a current market cap of about a low £37.4 Billion