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XxxAccountant

Looking at the latest H1 report, the combined EBIDTAal for Italy and Spain is 1.039bn out of the 6.378bn.

I am also curious to learn how the business service unit will continue to operate in these regions . Given the global coverage of Vodafone's platform, I believe these won't be affected. For clarity these are the services I am referring to: https://www.vodafone.com/business/about-vodafone-business

So moving forward, Vod is positioned to continue expanding their enterprise business in both Italy and Spain. In Hungary that was kept in tact and fully.

Any thoughts?

Mulder, both the CEO and the new CFO are kitchen sinking a lot of stuff to pave the way for an upward surprise.

And the "bullishness" stems from? The perception that inflation is falling leading to easing of hawkishness and lower rates as a result? If so, then vod will also rise, should that be stimulating factor behind your vague analysis.

Reading through the H1 report, it's very obvious that the strongest growing markets, UK and Africa didn't translate into improved performance thanks to depreciating currencies, but should reverse.

What Vod needs which seems to be happening is consistency at the leadership level and the new CEO is delivering IMO. Vod is now gearing up to push harder into the service business sector which is likely to be dwarfing the consumer side of the business a few years time. Only in Germany they added over 4m+ new IoT device in H1.

As Jim Collins eloquently noted in his excellent book from Good to Great, it's the accumulation of each turn of the flywheel over a period of time that will drive the future momentum.

They seem to be leading in this area https://www.reuters.com/technology/vodafone-create-open-ran-chip-sets-with-intel-2023-10-09/

Vodafone were first to coin the term open RAN in 2014. So let's see if they will keep it proprietary or if they will be looking at creating a new line of business by licensing the chip tech.

The telco system providers are rather screwed though lol Ericsson only recently threw in the towel and hinted to commit to open RAN. Samsung and Nokia are already in on it.

Gambling is bliss

The above sub. rolled out price uplifts from this month onward and by a whopping 10% increase. Price uplifts are impacting broadband as well as mobile tariffs.

These hikes will have a significant impact on the results for 23/24, but it would be most visible on the 24/25 accounts with more hikes to come by this time next year.

Anybody with insights on the German sub.? Would be good to compare how much prices are increasing in different regions. German entity generates a good chunk of the total revenue.

Https://www.surinenglish.com/malaga/malaga-city/vodafone-opens-innovation-campus-shared-with-university-20230922202717-nt.html

Https://www.telecomtv.com/content/vodafone/vodafone-and-partners-shine-light-on-new-silicon-photonic-chips-48539/

Don't mess with the mega trend reversal.

Https://www.investing.com/news/stock-market-news/samsung-galaxy-s22-makes-first-5g-satellite-call-via-ast-spacemobiles-network-93CH-3179170

"Nice buy-in trap this week for this pos - value trap anyone?"

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I actually believe behind the veneers of a banter and a laugh etc., you are more clued up than you let on ;-) I personally like your presence here.

Anyhow, on the technicals, the weekly candle looks menacingly bullish, while the monthly is gearing up to reverse the multi-year bear trend.

On the fundamental side and pure asset basis, vod should be at around 1.8- ish. I posted my calculations a while back - have a look if you have time to kill😄 Against peers, vod is also falling behind undeservedly. Its a beast of a global operator and one where its true value will soon become very clear to all market participants a s agents in this market.

I know you are/were waiting for a "bottom" to top up heavily and I am fairly confident we are at the early stages of a massive multi-year bull run so any pullbacks should be bought. I topped up heavily in the low 70s (by 200%+) and will keep adding. For disclosure, my holding is on the outlier side compared to the average shareholder in vod.

All the best to all of you.

Fleccy thanks for the overview.

I can't make any comments about this announcement's technical credentials as I have no knowledge in this area, but from an operational perspective, Amazon is fundamentally a customer driven organisation. Quite unique in that sense for such a massive organisation.

If they (amzn) have identified a service which can be delivered at scale and value, vod may have made a savvy decision.

"A mystery how this dogshxt is still above .70, would think the usual Sep/Oct melt down should fxck it up properly down to where it needs to be….sub .66 ( yes I’m shorting it with July 2024 puts )"

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No wonder you sound stressed. It takes a lot of illegal drugs consumption to arriving at a decision to short one of the most undervalued shares on FTSE. I am sure the market will sober you up soon enough.

Fleccy, I am, indeed, aware of the communicated cfc for FY24, but I do believe the actual number will be much higher. Also the hike in prices will have kicked in properly by then.

MDV is lowballing in my book. Also never underestimate an Italian woman😉

Dan, this is a business, where at times heavy investments are required to ensure a competitive edge in lock step with evolving technologies. Vod has in the past few years made heavy investments in 5g, fiber roll-outs etc., which have weighted on the free cashflow. Add to this the spectrum auctions, of which no more big ones are planned for a foreseeable future. Should the 3 merger take place, the new entity can sell redundant bandwidths to competition or to simply use it as a competitive edge.

Sadly, prior to that they were bogged down with the write-downs as a result of Colao's idiotic acquisitions. The Indian government also screwed Vod royally and this is something the UK government should bear in min in their future negotiations with these crooks and they should definitely recognise the hit Vod has taken. Write-downs/offs affect profitability and not cash flow for those who want to know.

Anyway, moving forward, I foresee less capital investments in system upgrades such as 5g, spectrum, but fiber investment will continue until the desired coverage is achieved - Germany in particular. The debt schedule is also favourable as no major refinancing is required for another 4-5 years, before which enough cash has been generated to take of that. IoT and business services unit will generate tons of cash in the coming years. Its just started revving up.

The new CEO is lowballing the FCF like Tufan did with RR. I expect FCF to be in excess of 5bn this time next year.

Apologies, I wasn't finished with my typing when the app decided to post it.

Look, the current low sp should offer everybody a fantastic opp to add or to get in. Investing is all about risk/reward. Making a killing on a short term move is all about gambling. If people haven't seen the value at this level, but would be willing to buy at 69.99, then they will be the first ones out at when the sp jumps 3-5%. That's not how wealth is created. Just look at the fathers of Black & Scholes, they bankrupted themselves thinking they are the smartest people on the market.

"Walloped AGAIN"

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Based on £1.5m shares traded?😂

Jax, my own calculation is that you are a holder and not very pleased with the sp performance.

And who do you think owns Giffgaff? And do you believe "their" telco business model is any different? You switched o GiffGaff, aka Telefonica and similarly O2 customers will switch over to Vodafone.

Such stock ratings and targets are completely and utterly bogus and should be ignored.

Simply click bates.