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Now banking liquidity is becoming an issue, mega takeovers and mergers are not going to happen this year, unless they are substantially cash.
VOD is just going to have to turn itself around. Shame they don’t have a CEO to make the bold decisions.
Probably not earnings accretive as VOD are reducing their share of UK market. To get a larger share 3 are taking on some VOD debt effectively in the 51:49 JV
Like a stealth selling off of assets. New CEO will arrive too late to stop it.
You misunderstand what happened yesterday. There was no rate decision, Powell was speaking about what to do. He let the markets know they are looking at accelerated rate increase, not a pivot to lower rates, and that rates will be higher for longer.
Big money puts it in their spreadsheet and thinks maybe we get 7% on a us treasuries later this year. Why buy vod for a 7% div that will either see equivalent capital loss or a div cut.
VOD needs that new CEO with a credible financial strategy fast.
I may well buy if the strategy and plans look good from new ceo and the price is right at the time to give a projected total return cagr above 15% next 5 years, but I doubt it somehow.
A 2 year treasury now yields 5% and powell said today rates will go higher for longer. The market demands a risk premium for holding VOD stock for a div vs a bond or treasury. Unless there is some amazing performance in the financials to report, the SP will go down to build in the risk premium, this year at least.
Industry going cold on 5g as it gathers in Barcelona. Another spent too much story for telecoms?
“5G hasn’t worked – and the industry can’t repeat the same mistake”, says William Webb, the former director of technology at Ofcom.
https://finance.yahoo.com/news/putin-war-killed-off-5g-145846664.html
VOD investors don't want that type of guy coming in. The RR guy came in and told them it's a dumpster fire and everything they have done to add value has failed and they need to change or go bust.
A similar person coming in to VOD would cancel the div and buybacks straight off, and VOD investors don't want to know it.
The board are searching for someone to keep the pillows fluffed, until the money runs out. It is taking a long time as anyone capable can see it's a poison pill, unless they go down the tough love route, which they won't be allowed to do.
Wow 123g lumps just lying on the surface. Makes you wonder why the farmers didn't just sieve it out the soil.
More gold, no mine, same old CGNR. Fundraising soon...
Probably accelerating as the swamp alligator will want it stopped, if he ever exercises how options. Poor use of capital.
They purchased the 70% stake for $900m. Probably sold at a loss as they don't want to say.
If you look at the rns section 8b1 it tells you these are instruments not exercised yet.
The exercise date could be a year away or this Friday. They don’t have to declare that info.
They can sell the calls at any time and move on, or may just expire worthless.
The $6bn to be bought back has turned into $2bn bought back by issuing $1.2bn at a higher interest rate.
You can decide what the point was. I have my theories.
If they threaten to not buy any more bonds, the company listens.
If there is several million ounces over such a large area, how are they going to get it out the ground?
Bond holders have more influence than you think.
If you read down the Tender offer it says they are going to issue new notes to replace them. They are not suddenly flush with cash.
These new notes may be at a higher coupon. Behind the scenes they may be under some pressure from bond holders who don’t want to be holding till 2052 at 5%.
Will have to wait and see.
I think VOD would just like the whole thing to go away, so nothing is probably the correct valuation.
Maybe to early to get excited following a relief excitement pop
Reuters
The move by the government will only reduce about 7% of the company's 2.2 trillion rupees outstanding debt as of September 2022, which would result in no immediate free cash flow savings, Goldman Sachs analysts said in a note.
"Given the elevated debt profile, continued market share erosion and meaningful network gap versus peers, we see a low probability of Vodafone Idea raising a meaningful amount of external capital," Goldman analysts said.
It will not be a pound in a year. There won't be a mine in 10 years. Locals will see to that, assuming Demir even do anything.
I shall always proclaim I was glad I got out 20 years ago. Prof still dreaming, and taking the cash, and creating the next batch of burnt CGNR holders and believers.
We meet in the village hall first Tuesday every year.
Have you read the balance sheet?
IT's a good idea to download and read the balance sheet of your chosen investment. The Equity section tells the investor what they own. Currently €122.5bn of losses have been accumulated.
It comes from trading losses over the years and payouts to investors (divs and buybacks), so tells you they have never generated the excess to be paying out to investors, so have in reality had to borrow the money to do it.
You can see the movements in the consolidated statement of changes in equity section, usually just after the balance sheet.