£2.35 sheer folly25 Jan 2017 20:18
Hi Char33 I don't think £2.35 is sheer folly at all. Remember for the last financial year Vodafone posted huge losses, issues in India and loss of customers and yet they only dropped to £1.89. Next report whether markets like It or not will show God back to profitability, they have a strategy to improve customer service, VOD internet is taking off and they provide internet for London Underground, they still have huge corporate contracts and provide discounts to their staff so no shortage in customers. Any positive movement will make VOD fly. The only thing against VOD is number of shares in issue, imagine if VOD ever decided to do a share buy back, it will be crazy.
Many shorts will probably close tomorrow and hopefully we see some signals to move VOD up or down, the indicator is still showing that any movement to £1.96 will start a strong bullish trend, I hope I get it tomorrow. I am going to be following VOD and ABF trades all day tomorrow, haven't done that for a while so will be fun. Those in VOD keep the faith and if it drops then don't panic, even during the credit crisis VOD did not drop that low so as long as 6% divi is held we can live off that.