Member Info for Marcus_

All my shares are dipping lower at the moment. No clear reason as to why, I'm just assuming that the bounce was stronger than it should have been.

£4.60 was fairly rapid I thought they would need international sailing for that price.

Well I am terrible at trying to time the market so I have added a few more at this level

I'll leave that to ride for a year or two and see how it goes.

Can't complain as BT has been good to me these last few months so let's hope Vodafone also turns a corner.

Fir enough fleccy they have invested, I stand corrected

Hi fleecy the way I read this is Vod issued a bond (money in)

They then converted the bond into shares rather than pay it off. Thus depreciating the remaining shareholders shares.

They are now going to buy back some shares (money out).

If they buy back at a lower price then the net result of that activity will be positive.

However, if the most profitable thing Vodafone can do with any cash it has is to buy and sell its own shares that is a concern.

Businesses should not be buying and selling its own stock, it should be investing for growth.

Buying and selling your own stock provides no benefit to the activities of the company. They are not selling more products, making products cheaper or creating new products.

They are trading in themselves. They would have done better to invest the money from the bond in another company as at least that company would put the money to work and generate a higher reuurn on either capital or income.

I think the narrative that a falling sp is going for any buy back scheme is a bit thin.

Its only good if the sp rebounds, but there is no logic that a falling sp should go up again when the buy back is over.

Indeed the buy back could be masking what would be a bigger fall in the sp by Vodafone buying its own shares therefore creating a false demand.

The question as always is what is good value do you feel 123p under or over values the company. To me it feels like a fair price, not bargin basement, but not expensive either.
I am tempted to add a few more but you have to be making something of a guess as to whether you feel the drop has ended.

Well this has reached 450 ahead of my expectations.

Thought we would need more positive business results to hit 450-500

Interesting to see some people cashing in. I'm currently at 77% up on saga, but not sure it's hit its potential yet.

Although to be fair if I sold saga not sure where I would invest for a better growth or income opportunity.

I'm assuming that is a sarcasm smiley millionaire.

I am not expecting anything close to £8 for at least 4 years.

Crypto currencies are no different really to national currencies. Both are effectively tokens that represent stored value, you could store anything really sheep, gold, paintings. With all these stores of wealth they depend on one thing.

That people will continue to trust them as an indication of wealth.

The big difference is that crypto is the first example of private industry trying to move into what was the domain of national governments.

Whether it will crash or survive depends on if regulations permit it to continue existing and whether people hold faith in it as a store of value.

For the traders I don't care they are in it for a fast buck and eventually somebody has to be holding it when either the music stops or it reaches an agreed valuation against national currencies.

Its one advantage over national currencies is that it has rules that are (supposedly) fixed, meaning no additional printing of money #quantitive easing.

So can it last, sure but is it a safe bet. Far from it. But hey nothing lasts, so investors in many a bust company will tell you that wealth storage and growth is not without risks.

Not posted for a while as very happy being bored.

I think there is always a balance to be struck between the over optimistic £15ers and the depressing £2ers.

Alot of the churn in the last few months has been about the risk of going bust. I think most institutions have now priced in that this will not go bust.

The next movements in the sp will be guided by actual results and price discovery, to value what the return on capital will be for saga.

I'm looking for £4.50 by the end of summer/autumn.

There will then be some movement based on results speculation and any covid winter effects/varients.

With a good wind I'm hoping for 2022 to be £5 with maybe more if the company reduces debt significantly and offers to reinstate a dividend.

Bad results and then maybe closer to £3.50 - £3.80

Well I guess it depends on what you want from a share. If you are looking for capital growth then I can appreciate that you are disappointed.

I've made my first purchase of Vodafone today, did not go all in as there is room for this to fall further, but I'm just looking to the income generation side as the plan is to hold for say 10 years.

If it drops a little more then I'll add a few more.
Debt is a concern, but if they continue the make in roads into the debt, then I'm hopeful that the capital value will hold steady.

Well I need to do a little more research as for example I was not aware there was a buy back in progress.

I'm not often fond of companies investing in their own sp. Any cash should be invested into growth rather than boosting the sp.

The dividend would be my reason for buying so that is a factor, but if the sp drops the rest of this week then I will be tempted. Lots of shares out there though so never rush an investment.

It seems expectations where at the higher end of the scale.

I was looking to invest here some months ago, so certainly interested in buying.

The only question is when, I already bought into BT when they hit the lows of 110p. So this is clearly and opportunity to buy Vodafone as they start to get their house in order.

The long game is key, at my entry point I'm getting 8% dividends already. Just keep holding

Well certainly looks like we are hot property at the moment.

2 offers in 6 months from different companies at vastly different prices.

To be honest I'm not sure how a share offer would have worked given it would be shares in a US company.

I'd rather just have the cash.

But that being said, clearly this is a well thought after company. All my current holdings of this share have been top sliced anyway so I can afford to wait as literally any price is a profit for me.

Will be interesting to see at what level the dividend is reinstated (when it does).

Broker target prices are just as relevant when they are high as they are when they are low.

If they are in your favour you welcome them, if they are against you, you disregard them.

Well done on sticking it out at PFC poker chips.

I could not take the constant drop going on there so its good to see some recovery in value. Hope it lasts.

This is my break even price for GSK, so it will be interesting to see if this is a sustainable rise or just market froth.

But can't complain about the dividend here, so anything else is a bonus

Leem do you actually understand this share?

The SP is no where near booming, it is still roughly 50% below the lowest sp for the company in 2019.

I don't know any one who would classify a 50% reduction from an already historically low SP as booming.

You miss read what the market prices into the share.

For long periods of 2020 the market was pricing in a near collapse of the company. The rise from that low point only reflects that the company is unlikely to fold.

What its future profit and yeild valuations are are yet to be priced in.

A rise from 12p to 24p looks great, until you look back and see that only 12 months ago 40-60p was deemed a low share price

Nice to see the results boosting confidence for institutional investors.

Still some way to go as the cash burn can't end until holidays resume.

But the cash available should let investors be confident that this company will survive and recover.

Why is the price target only 47p pre-covid it was 60p?

I would say that we are not post covid yet. Unemployment is up which means lower deposits.

Interest rates are lower meaning tighter margins for basic banking.

There are still 5 million people furloughed which is masking some further potential unemployment figures.

Businesses will be low on cash as well as they burn through any reserves, if they had any to start with?

When the critical phase of this disease is over the legacy of it will last for a few years after.