Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Simple DCF to get you started can easily return 45p. You have to know what what figures are going in and what they are comparing against. If the investor feels there is no growth and you can get 11% in the S&P, then you need those low prices to make vod worthwhile against the alternative.
If you see negative growth here then the price to buy vod at falls considerably.
You can play with a simple one here, just to try to understand why big money is not piling in for a supposed 11% div.
http://www.moneychimp.com/articles/valuation/dcf.htm
Big money use DCF models, and if you plug in the current EPS and zero growth, you get 45p.
I don't think big money has any confidence there is growth here, what with them shrinking the company deliberately.
That RNS seems to of fiinshed everyone off.
Those spend rates are just for installing/using AI created by another company that a typical business may do. For it to be exciting needle moving stuff you would want VOD to be creating something others can pay them for. That extends into the billions.
They could spend a billion today with nvidia putting in H100’s to create an au training server farm for IoT to plug into.
Iron Mountain are building out massive server farms in Leicestershire next to A5. Investing billions. VW have stated they will invest 180bn next 5 years, much of it into software. 150m will barely pay for foyer these days. Certainly no original software of value.
Yes, but nvidia.
VW
Sky, £7, 2gb that you can save and roll. Never use it up as always on wifi somewhere.
Sky use the VOD network, so you can desert without being a total traitor.
If VOD goes down over 5 years, reinvesting your divs in it will compound losses. Divs are not a guaranteed win.
How much you can buy is not linked to the SP. Because you can buy more shares with your £500 than a stock priced at 500p, you have still invested £500.
Maths is hard.
Seems to really be an announcement of VOD moving to azure and using Microsoft’s generative AI tools. 150m a year is nothing invested into AI space.
If you like it, buy Microsoft stock.
A text book example of empire building using debt gone wrong, all the while lashing out dividends to investors to make them think nothing is wrong.
BTC is a very handy value store. Easy to hold, easy to transport and a good hedge against the long term fall of the pound. The halving in March should see the start of the next run up over the next few years. ETF is a sideshow, especially for UK residents.
All other crypto, you do have to do alot of thinking and following regarding their eventual use case, and then you still need the use case to work. If you don't want the chase, stay away.
Well there we go.
I would challenge the view that you forget the past. A companies track record is vital to consider and understand, to be able to take a view on their future.
VOD’s is not great. Have they changed enough to make the future different to the past?
Fleccy, half year results consolidated cashflow p26 where total interest paid is given.
The headline interest paid/received figure excludes interest due on lease contracts.
Dan, if VOD continue to overpay a div then they must make new borrowings to do it. They will borrow at over 5% for you to invest the cash at under 5% so no does not make sense to borrow money and give it to investors.
VOD’s current pile of debt totals 65bn (bonds leases and bank loans) and interest paid last 6 months was 1.1bn (2.2 annual), so blended rate of 3.3%, but new borrowings would come with a much higher rate.
It makes little sense to sell assets, pay off low interest bonds and re borrow at a much higher rate to pay a div.
Add VOD’s over 2bn payout and you see both companies and draining capital for short term gain instead of investing for the future.
A merge of two companies hoping the other party does the capex.
Enjoy.
Found an old chart. 2000p not 4000p. 1:100 reverse stock split in 2015.
Was Conroy Diamonds and Gold back then. Charts tend to cut off around 2011 for cgnr when they changed their name. Same company though.
CGNR has had various reverse splits, so the effective price back in early 2000's was around £40 a share. Yep, it's lost that much.
Moleman's drivel and warnings to new believers have come through for 3 years now. I am glad though I got out at 4000p with a small loss, many many years ago.
Prof still on the Blarney I see, talking up lowly results to keep hope dangling over shareholders.
The Irish gov get money for issuing licences. It is no skin off their nose to let someone run around and drill some holes. When it comes to mine permitting though, they will never be allowed to dig up enough green fields to make economic extractions at these grades.
Dividend yield is no measure of value, especially here.