Member Info for mishmos

I didn't think anyone expected the divi to be cut this early but going forwards it simply has to be an option given the debt to payout ratio.

The assets? You can't spend the assets only keep borrowing on the ether of what they might be worth. Aren't the "assets"the problem? Too many and not producing.

And then what? "The dividend has been cut". "yes, that's right".

Don't take this the wrong butway I'm reading some of the most recent posts and simply wondering why anyone of you are surprised or complaining. You seem to be of the opinion that this share (maybe any share) owes you a return on capital and a rising divi and that a BoD is competent, reliable and talks sense.
We are simply cannon fodder for the people/funds etc with deep pockets and fast computers.
Unless you know something via insider trading then it is plain and simple gambling aside from the tea leaves charts which is voodoo.
As for being in too deep and having made too high a loss. Surely it is better to cut and run and seek other shares or wait for a considered moment to jump in.
But you have to accept the loss with the gains and sometimes there simply is no logic no matter how much you want to see some. Vod has been a serial underperformer for years now and mobile telecoms are under pressure generally. Laden with debt (sure it's serviceable for now,but isn't it always until it isn't), static returns at best and a huge divi to maintain to prevent an exodus, (aside from the hog tied trackers), it is a miracle it is still at this level for now.
Surely, most of a certain age must be considering the possibility of a downturn generally despite the b/s of the credit hounds. If an announcement by vod does send this higher, what then? You get out because you really have no real confidence which is what you are railing against the market itself currently.
The markets themselves are unstable at present and it does seem a fall is coming despite what the money printers want to see happen.
I hope those who need to do get your rise and then get out because this board is pretty depressing.

I'm curious. What do you expect to hear from Read.
Don't get me wrong it is pleasant to see less doom and gloom.

But you have PUT your SHORTS on though! Quids in!

Mrd5432, but isn't that simply a consequence of artificially low rates due to no one in politics or lobbyists wanting to end their political gravy train careers.
The banks etc should have been left to crash and sorry to say the consequences of that crash should also have happened.I would not have been immune so include myself. You cut the tumour out not allow it to grow and eventually kill the host.
Is it better to clear the decks or slowly die under a pile of generational debt that will eventually eat away at millions of those infected. An economy "built" upon shopping and housing debt.Even Germany with a proper economy has been sold the b/s of property portfolios now. God help 'em.
How many on here would still be chasing divis to the extent that they do if they could get 5% on deposit? Look at how even NS&I has been bastardised.

It's where strong leadership is needed to make some declaration and stick to it. No one is prepared to draw a line in the sand so confusion by a thousand rumours is the order of the day.
UK is so in thrall to its constituent parts that if May had been successful in getting her majority it might have been different.

"From Acropolis Now to Arrivederci Roma – get ready for the next big euro panic". So says Moneyweek daily missive.

Does no one feel the QE/printing money has had any affect whatsoever on economies or companies themselves. If debt hadn't/wasn't so easy to obtain would the illusion of the never ending credit story which has kept the financially terminally ill hanging on have been allowed to distort the world market.

Let's reconvene on 24th Dec to see which way the wind blows on Lloyds then.

Mrd5432, Do you genuinely believe that Brexit is responsible. Lloyds is mostly domestic loan based so why would that be affected. They too might be a pile of rubbish as far as capital erosion in a too high divi payout but Lloyds also have historic fraudster credentials as all the banks did.
Vod is just a an over ambitious firm with the "jam tomorrow" run by incompetents whose share price is currently a plaything for the people/firms with clout.
I read a chartists comment early this year that Lloyds would be 50 by year end. If it is i don't think it will be Brexit that does it.

Mrd5432, stop winding yourself up. It'll come good for you holders.I just don't want any gloating when it does though!

danielh, well said.

They probably should considering the debt situation,but no one wants that as the divi is sacrosanct. Surely vod would do a GSK (when the CEO said it wasn't guaranteed going forward subject to investment needs or words to that affect) if the board even suggested a modest cut to the divi.
Too much "too big to fail" sentiment in my opinion,but I'm certain to be castigated for that now.
The world and central banks love debt as it is the lingua franca of economies.

Is it a popular service?
All companies have these outages and BT bless 'em regularly drop my internet for brief periods and the one drive
windows 10 system is a proper disrupter at times freezing my system until the damned thing has updated.

Dover, Heathrow, Portsmouth, Stanstead, Channel Tunnel.....they all await if the grass is so green elsewhere. I've lived abroad and sure the UK has it's problems but if all you want is to take then sure the UK is not a place for you. I'm in my 60's and have served my country and haven't the slightest expectation that this country owes me a living except if I work for it.
If you want a free ride then get a job at the EU club of clerks HQ.

longish, not convinced on the QE gentle unwinding as the markets have been altered to such an extent that it is debt that keeps it all afloat. Aren't the chickens slowly coming home to roost.
The chance for a clean slate came and went and politicians decided that their next 5 year term (in the UK) was more important than letting banks tank. As they say "they privatised profit and gave the taxpayer the problem".
A sneeze currently can affect the market it seems. There doesn't seem any stability regardless and all QE has done is delay the inevitable in my opinion.
I really don't see how QE can now ever be stopped without causing serious problems.
You simply can't print money without eventually paying for it. We might not need wheel barrows to buy bread but the credit junkies are all around us including the stock market.

fleccy, But you do like vod though? Does that mean i am disqualified from commenting or only commenting if it suits the narrative. I mean this is the vod forum isn't it for better or worse.I don't like serial underperformers which this definitely is. It doesn't mean I won't buy in at some point again.
I don't "like" any shares currently (or maybe the market )and made no secret that I am in cash until 2019 or currently plan to stay that way for now.
However Boohoo, Burford Capital, BP, maybe Baillie Gifford US Growth Trust again if the US stays up and Capita.
My hopes for an income nest are on hold.

I agree totally about the earnings but take broker recons with a huge pinch of salt generally.
Of course even the slightest positive news in Nov is likely to be jumped on by the faithful,but my concern is what keeps it up assuming it does rise. Once it goes ex-divi the sell off begins. Steady growth and fair rising divis should be the order of the day.
The noise of the regulator on pricing, the reality of the price pressures from competition, the high divi mostly out of debt,no apparent appetite to reduce the debt pile for fear of firing the starting pistol of those who want the mirage of perpetual high divis from the never ending debt carousel and the yet to realised income from the numerous purchases.
Investors don't want to accept the option to encourage vod to reverse the modern corporate malaise of huge debt but to keep the symbiotic relationship going.
All of these firms with enormous debts are just one recession away from obscurity.
There surely has to be a better than fair chance that the sp will drift lower rather than rise and sustain that rise long term. Whether that happens in 2018 remains to be seen.

Mrd5432, you know at some point it is going to bounce so just be patient.
I'm no fan currently of the vod proposition but it's getting far too gloomy here.