Member Info for mole_man99

China ports are getting in a bit of a mess. Covid slowing down Yan Tian and ships getting delayed by weeks, eventually months. Christmas stock may get effected.

Investors should prepare for the RNS advising of shipping delays hitting guidance here.

The share buyback is a limited program to counter the dilution caused by the convertible bonds using some cash raised from selling part of the towers. It's not realy a bullish signal for investors as it is not using genuinely excess capital genrated by operations to decrease the shareholder base.

First profit for many years. Only another 15 years of those profit levels and they'll get back what they lost in the last 4 years.

It is an uncrossing trade, with equal amounts of buyers matched to sellers in an auction, but the auction went through at the lower price, suggesting sellers were keener to get it done than the buyers.. There were then a further 5m+ of sells after the auction which suggest alot of sell orders were left on the books. Two were big chunks, so maybe an institution dumping.

Maybe it will just be a long dull summer for VOD. Not much can change until the next catalyst, so trading update or earnings release.
A macro event could effect it, but not much looking to change there. Inflation is known about so market takes it in it's stride.

Housing market is on fire. We are moving and found a place 3 weeks ago. Out of interest just logged into rightmove, and noted every single property we saved up to 3 weeks ago is now SSTC. Never seen that before. You normally always get a few that just are not selling.

Market has not fully noticed it yet or priced it into housebuilders I think.

Surely a constantly declining SP is an indication of the companies progress and ultimately it's ability to keep paying the div. Eventually the div can get cancelled, and you may have lost more capital than divs received.

I guess the markets must not believe that spending on 5g will accelerate earnings, due to the capex required t do it, and competitors are doing it too, so no USP.

5g is just a repeat of 2g, LTE, 4g. Spend to keep up. This strategy has accumulated over €120bn of losses on the blanace sheet. It makes a good product, but not a good investment, at this price anyway.

In a break with the tradition of talking about anything but VOD, or only VOD's debt, here's an article on Vodafone going for it in Germany, it's most profitable market.

https://telecoms.com/509917/vodafone-germany-launches-a-network-offensive/

But now back to type. It sounds expensive....

My mortgage will inflate away too.

It's just a relative concept.

We'll have to wait a few years to see if me and millions have been conned, but I suspect Dan you'll never be convinced.

Yes Dan I own bitcoin, and etherium. I am looking into some others. It is part of my diversified portfolio. The portion I allocate will increase over time, the current aim being 5% of our net asset worth. Currently it is about 1%.

It's here to stay and will get bigger.

Glad to see such spirited debate.

For my part, I'll side with Ray Dalio, worlds largest hedge fund manager, and coming out as a crypto believer in the past few months after initially dismissing it. There is an air of inevitability about it, with inherent risks along the way, like anything.

Mesh, blockchain technology will be the basis of frictionless future payments systems and other means of transferring assets, and cryptocurrencies (there are hindreds) have arisen as a way to monetise the blockchain. They have become recognised by the institutions as a new asset class as it behaves differently to other asset classes likes stocks or commodities.

It is still the very early days, so volatility is very high. The volatility provides some trading opportunity. Eventully the market cap of the main crypto's will be so large the volatility will subside and it may behave more like gold.

Within the crypto universe, Bitcoin is the largest and most recognised. It will get regulated one day, which will solidify it's position as being a legitimate store of value. China and US announcing digital currencies just confirms the future of blockchain and therefore bitcoin, etherium, and yes, doge.

The market cap of bitcoin needs to rise exponetially to store enough value, and there are not many left to mine. Bitcoin at $1m a coin is not out the question.

Crypto's are just one asset class that is looking into an exciting and bright future. Take care not to miss out on all those unicorns which turn out to be the future goliaths as they are focused on what we'll all be using and doing in the future. That is why they command seemingly high valuations, but it is the old debt laden businesses paying out divs they can't afford and buying back shares instead of investing that are the overvalued ones.

Yes I mean VOD.

Amazon, the once eye wateringly valued dotcom bubble company is today buying MGM. The new consumes the old.

Just take care Marcus not to fall for the VOD siren song dragging income investors onto the rocks. If you had held for the last 10 years you would of got some div, but lost 30% of your capital. There is no real sign this long term decline is turning around.

The 100% VOD strategy has seriously undererformed last 5 years including divs (-5% annualised return). Are you going to buy into something else with the money coming Dan?

90p.

That should get them talking.

I'm sure if they did cancel the div it would come with a drop in the SP as a large chunk of the shareholder base must be in it for the div and will move on. AT&T just halved their div today and the stock came off 5%. Not a disaster but it shows what may happen.

Nothing wrong with paying a div if it is truly excess capital and it's a tax efficient way to return it to shareholders. For VOD, the capital is not excess I think.

Patient, VOD already do streaming in Germany. Perhaps it's why Germany has organic service revenue growth and UK and other Europeans are shrinking.
With high debt and paying a div it restircts their ability to invest in platforms like this, which appears to be successful in Germany, and roll it out across all it's territories. It's not restricted to UK like BT is.