Member Info for longtimeinvestor

W

the main thing is that you receive a monthly income from your SMIF investment no matter what day of the month it is paid.

W

I get virtually all of my dividends paid on time with HSBC. SMIF has always been a little late but not as late as the last two payments.

At about 65.7p

''I don't see the point. They're saving £27k against an annual dividend cost''

''It's peanuts and insignificant''.

The point is that it is £27,000 from just 3 days worth of purchases.

Also I imagine this programme has been put in place because of the good discount to NAV, currently available,with an aim of reducing the gap and indeed with the hope of helping the share price get back to trading at a premium once more, at which time the shares could be sold back into the market if at a good gain against the purchase prices.

THAT IS THE POINT.

The UK merger will take place in the second half of next year

Jax

re Spain- I think many people would say that getting 5 Billion euros for loss making assets is a good deal . So 5 Billion and not having to take about a 400 million loss each year.

Cancellation

Sell non performing assets.

Merge with 'three' in UK - reducing costs.

Get rid of excess staff

Get rid of dividend completely.

Have a £2 Billion per year share repurchase programme for cancelled.

SORTED

Jax

In the short term ,I am only interested in the share price if it reaches another purchasing level . I have no concern about a share price tomorrow, next week, next month, or at any time.

Jax

''Vod is on its way out of business''

All of your posts appear to be total ballax

''I say again, what's the point? ''

I say again - no dividends to pay on bought shares .

A yearly saving so far based on historic dividends of getting on for £27,000.

These shares are being held, so could be re issued at a later time or cancelled.

Also buying assets at a discount against their valuation.

''What benefit is that?''

no dividends to pay on bought shares .

Csb

''Instead they need to start a 1B share buyback ''

make that £2 Billion

Flec

''The biggest risk with Vodafone is a dividend cut leading to a short term drop in the share price''

cannot see why that wold be a negative on the business valuation.

I think Vodafone should be making large share buybacks and cancellations of shares at these low prices.

At under 67.4p

Jm

''they wouldn’t have bought some back if they didn’t see value?''

yes correct - buying underlying assets at a good discount and in the meantime saving dividend payments on those shares

Jax

year on year there has been substantial reductions in debt in recent years, do not let intra year figures muddy the waters - think a bit more.

Jax

year on year there has been substantial reductions in debt in recent years, fo no let intra year figures muddy the waters - think a bit more.

Jax

''the only number growing is debt''

''Significant reduction in net debt to €33.4 billion''

https://investors.vodafone.com/sites/vodafone-ir/files/2023-05/Vodafone-FY23-Results-Announcement.pdf

Sc

also although debt increased a bit very recently, the debt level has been reducing over the last few years, on a year to year basis. Vodafone will have money coming in from the sale of its Spanish operations.