Lots of buys still piling in. Am overweight here and reluctant to buy more on hope. The big spread really ****es me off too. Next 'bland' RNS will surely push the sp down again. We just don't know what it'll take and cost to force any of our wells into giving up their payload.
VOD is getting into infrastructure and data services in order to diversify a bit away from mobile. This is very costly though. Pay off would be medium to long term so we are likely to struggle for some time. Smaller mobile providers can't do this kind of thing but can outcompete VOD on the monthly plan.
Re the upwelling of water, it would be interesting to see a reservoir simulation.
Still looking for a re-entry at 46p here due to the gradual trickle down of the sp.
Still hoping I'll be proved wrong.
Can't understand these fanciful £1+ aspirations but hope to be wrong on that too.
Even with the sp decline the P/E is on the high side for a FTSE stock. Does that matter I wonder?
Looking at the fundamentals, profit after tax is positive in the last FY, but net assets have declined in the last 3.
Valuation with VOD is as difficult as with banks, but the sp reflects what the market thinks.
The main positive here is the dividend but it's not reflected in the valuation.
One thing for sure - if I take a hit and sell out there'll be a sudden re-rating out of the blue (or should that be red). If I don't it'll decline further. I'm not going to sell - so I'm afraid everyone will have to suffer further declines.
None. Just trying to seek opinions of others and drill into the cold hard facts rather than let hope take over completely as so often happens with small oil co.s. Am still invested here. As I said last week and it proved right I was reluctant to buy more before the latest RNS, however.
That is true but it's expensive and might not yield much. Completely different from encountering a big free reservoir of trapped gas like in the N Sea. Big question then is how long before there is a fund raising to keep the show on the road (in other words sustaining directors salaries)?
Extraction from these recalcitrant reservoirs is increasingly looking difficult and expensive and possibly not commercially viable. I'm minded to make an 8p prediction as investors lose faith. This is consistent with a history of losing 50% of my investment due to not selling when hype is high as it has been recently. So I hope people ignore my comments.
The P/E is lower than the typical FTSE.
The div is towards the upper range of the typical FTSE.
However, sentiment is low because Lloy somehow stands as a Brexit proxy.
Next year should see the sp find its 'natural' level.
It wouldn't make sense for the sp to go much below 60p in the meantime. The market cap is too big for major manipulation.