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Shorters know that its not going to happen thats why they are holding their shorts.. Trust me, these hedge funders stay there till share price gets hammered badly and they tend to hang around for a long time. Look at BT, as the shorter appeared, they never let it progress and made it fall close to £1 despite they have beaten the broker forecast twice . So don't stay in dark and think that any good news is coming for ITV anytime soon.
I think they will drag it down to as close to 50p as possible before the result..
FTSE currently is as bad as Chinese market. rest of the other world indices already hit record high. I think UK market will take very long time to recover with BREXIT playing main role. So there will be no surprise to see further fall on S4. With hedge funders still holding their short positions and when rest of the world market enters into correction mode, FTSE will fall further and so all the shares..
ITV definitely going towards 50p. ITV will be on free fall irrespective of market.. Like today when market is happy, ITV shorters will not let it go up and drag it down and when the market goes down it will automatically fall anyway! So its a win win for those shorters... but for retailers like us we only lose.
So far 65p was the lowest. It will soon break that too. Don't know what will be the share price when they will announce sacking of MDV. She cannot hang around very long when her plans are working. I think once she leaves and new CEO joins probably there will be some chances of turnaround for Vodafone.. By that share price would have touched below 60p I think.
I agree the same.. They are happy to have just their easy salary. They dont care about shareholders.. .. As the shorters are keep on rising, it can only go down now.. and then when results will be out next month it may fall below 50p.. Anything is possible with this share..
"Let's hope Margherita knows what she's doing " ..LOL.. I doubt it.. She should not have rejected the offer but should have kept it on hold till better offer is confirmed. What changes she made to vodafone group so far since she took over? Nothing.
Anyway, now media said that it was a mistake... Share price will be hammered badly.... lets see how badly falls in the next few weeks.
Funny about MDV is the way she started her job saying "we are not good enough" as if she is going to rectify that.. All these time she did nothing new from what Nick Read did.. With such a huge debt pile and majority of the Vodafone's loss making business don't know how they are going to survive... This time looks like we may 50p range soon. Vodafone now need Director from outside...
Deutsche bank reiterated buy but cut the target price means it has to fall.. Their target price is silly and will take several years to achieve that if turnaround at vodafone happens which I doubt with amount of debt pile they are in.
With share price so low, Margharitta will be sacked, dividend will be cut and probably new CEO from outsider may do good for the shareholder.
Thats a rubbbish statement.. You only completely reject if there better firm offers. According to media there was none apart from Iliad. This may definitely make it fall below 65p. Comparing to BT, Vodafone need to go close to 60s range on this type of news..
The main reason it rose from 65p to 70p was due to italy offer.. Now thats not on table.. its going to go back to 65p again... but this time most likely going to hit new lows... To me BT looks lot cheaper than vodafone now... atleast for BT we can expect bottom.. but never for vodafone...LOL!
Oh dear... looks like Vodafone may regret this decision and mainly shareholders especially at depressing share price.
Perhaps they may have different offer but I doubt it.. Looks like market will punish them more ...
I think these hedge funders pay these brokers so that both make their money.. Their target price was 70p but as we know ITV will fall again below 60p and try to recover... This had been the story so far and looks like it will continue till they hit finally 50p..