Member Info for mole_man99

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.

Amazon have probably had to take a little time to realise GAW are not going to let them make some woke junk. They will have to put some real effort in here, and the end result will benefit for it. Rings of Power got slated for a pretty sketchy storyline.

There is a real chance that GAW can force Amazon to make something really good, blowing away even the Marvel universe, and Star Wars now that disney are destroying it.

Exciting times.

Did you sell out completely then, as 'back in'?

Just curious as we have our gentlemans bet out to 2030.

VOD execs really regretting blowing 50bn on divs these past years. Could of done with that cash to invest in the business. Obsolete unless they progress. Cashflow from reduced capex is a dream.

https://www.pcmag.com/news/spacex-to-launch-first-cellular-starlink-satellites-as-soon-as-today

Don’t you mean congrats to the few people who made their first purchase yesterday and also sold out this morning?

With every share purchase since 2011 including divs underwater, it’s a stretch to congratulate all voders.

Yes must be short sellers. Can't possibly be years of bad financial managment coming home.

The underlying company still needs to do something positive for the market to reward it with an increasing sp. Sit and hope is not a strategy.

VOD are selling assets and shrinking to try to pay down debt whilst maintaining an unrealistic divi. Until this strategy changes, the market won’t want it.

Bet Hutchinson can't wait to merge with this mess, and take on extra debt responsibility.

Maybe it was this

BNP Paribas Exane downgrades Vodafone Group VOD to "underperform" from "neutral" as it says portfolio reorganisation is likely to be FCF dilutive until around FY 2028

But it isn't going bust, sorry Jax.

Seems an outsize drop. The EU commission cleared the 3 merger today. It must be a vote from the city of the value of such a transaction for investors. It shrinks market share in the only bright spot of the UK market.

Rob, you can’t be right all the time. Stock investing is about being more right than wrong, and when you are wrong to realise it, liquidate that position and move on.

Charlie Munger passed last week leaving an undeniable record of success, but one of his final plays was a big position in Alibaba for the daily journal fund he runs which has lost billions. In a recent interview he admitted his error that he thought they were more than a retailer. I am sure he would be liquidating the position and moving on had he lived.

If he can get it wrong, so can we. The difference is being able to identify when you are wrong and taking action.

Nope, but it is funny. Constantly educating myself though, I am bound to come up with a similar view to the correct answer.

Never stop learning.