Member Info for mole_man99

With the current state of the business part of the company and the macro economy, a buyback is insane.

VOD has a shareholder base that only understands extracting cash and assets and the buyback from sold at loss assets is there to appease them. Long term it’s not good.

Meanwhile, starlink live streamed online gaming last night and maintained crystal clear live stream with an orbital rocket at 25,450 kph. Just keeps getting better. VOD should be investing to defend a future, not wasting money they don’t have. It’s borrowed cash folks.

The assets bought with borrowings did indeed fail, like India and others. Management dress this up as some sort of victory for dim investors to hang on to dream.

The market maybe reacted favourably for a short trading period, but the decline from £2 in the period the assets were owned is the actual reaction.

The FD responsible for these failures is now the MD. Avoid.

Claylake in the UK. Would that be the same UK that has delayed Dalradian Gold over 10 years and tied them up in a public enquiry that at the last count cost Dalradian 90m, with no approval in sight yet.

Times have changed. Humans in whatever jurisdiction don’t want an open scar near them, the farmland torn up is more valuable to society, and the world doesn’t need more gold.

It’s over.

For sake of accuracy VOD have stated that shares not used for employee schemes will be cancelled, though there is no timescale on this.

This buyback will ultimately cancel itself out though as the company uses borrowed funds and not genuinely excess capital.

The funds are ultimately borrowed as it uses cash from sold at loss assets at a time when borrowings exceed that cash amount.

Legalised asset stripping.

Now let the long slow decline to under 60p begin.

Without increased earnings performance, the market will want at least 8% yield from new rebased div. Target actually 50p.

VODs poor strategy to sell assets and give the cash away instead of investing for growth makes this a poor long term choice.

Meanwhile Starship flight 4 today. Once proven it can lob 100 starlink or other provider sats into the sky each time.

I don’t know what I talk about. Just randomly lucky at picking companies that grow and avoiding laggards I guess.

A large area even near the surface will never get permission to destroy large swathes of prime Irish farmland for a non essential metal extraction.

The stock is priced below the value of a theoretical gold resource as the mine to extract it will never happen. The market has known this for a long time.

VOD will not double by YE. They must substantially invrease earnings for this and that is not the strategy.

Unlimited 5g data down to £28 per month now. Inflation busting price increases are not really sustainable in a competitive commodity sector.

Input costs do go up by inflation though.

After 20 years the prof should really put some skin on these rumours he drips out, otherwise that’s all they are.

I see the prof’s 20 year hint dropping strategy still works on some. He’s probably showing this forum to Tim nice but dim right now. Look look multibagger, now lend us 1m.

Yes he needs an online persona more like mine. Intelligent, insightful stock picking genius.

Buy wheat futures, and land.

Fleccy don't miss out on Tesla by thinking they are an EV company. The EV's are allowing Tesla to develop two world dominating scenario's concurrently without borrowing any money.

Meanwhile, starlink just completed the first video call via direct to cell sat to unmodified phone. It's only going to get better.

Good job VOD for sloshing away billions in divs and buybacks. You're not going to wish you kept the funds to compete. Just listening to Nvidia earning call. If VOD had any ambition they could be building out data centres and AI training hubs for B2B to access through their network.

Invest in innovators and companies with management executing brilliantly. This is not VOD.

No Dan not a dig at the rich. Just sad another British company can’t think of anything more innovative than buying back shares with sold at a loss assets.

I have just voted all my Tesla shares to give Elon 50bn, so have no problem with high reward for exceptional performance, value creation and forward execution of a world changing strategy.

Cue the ‘Elon bad’ keyboard warriors.

NED's are supposed to stay distant, keeping an eye on the board. Offer advice of course, but getting a bribe, sorry shares, to get a former work colleague to sign a JV would be a little off piste for a NED

Also when they say reduce the share count, that is achieved by putting the shares in to treasury. It is what happens to the treasury shares that we discuss. They will need to consider the share capital before they do thios. It will reduce share capital and may have knock on with debt funding, hence, dangle a gray statement suggesting they will be cancelled, but just never get round to it.

All in all, they shouldn't be wasting capital on this. They need it to build a business. Dreadful strategy here. Will come out in the wash in a few years.

I copy pasted the statement from rns. It says what it says. Keep shares to give to employees, cancel others.

Doesn't say how many they will keep for share scheme, or when the unwanted will be cancelled.

Why keep any for the share schemes? They already have plenty in treasury.

Ordinary Shares acquired by Morgan Stanley will be subsequently repurchased by Vodafone, held as treasury shares and then either cancelled or allocated to employee share awards as they fall due.

Nice gray worded statement.

The unknown is how many will be reissued to employees and when leftovers could be cancelled if ever.

Non exec residing in Melbourne. Of little use really. Sure she can introduce some folk, but they'll conclude what Demir did. No economic mine here, and it won't get permission anyway.

Mind you, the appointment does make it easier for Prof to get Tim nice but dim to put that million quid in, in return for 25% dilution.

A good gold mine will cover a large area. Look at aerials of AAZ mine and overlay those anywhere in Clontibret. The reality is they won’t get permission for that amount of environmental impact, certainly not without a huge fight and Demir saw the grades and concluded it was not worth it, as will any major.

This thing should be delisted now, or the prof demonstrates to regulators that there are serious discussions with a major, or the resource found is financially viable as a mine.

He’s had 20 years and lost millions with no tangible progress. Needs to justify to regulators why it won’t just continue to absorb new investor cash and evaporate it.