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Not convinced, I think the market was pricing in something better.
I held off buying again and am glad I did.
Still not cheap with nearly a £500m market cap and a load of debt.
Derided a few weeks ago for suggesting an AZN and FTSE pullback - how is it looking now ?
And this is just the beginning..
Cheers Roofers, I said several weeks ago when this was in the 90's it would hit 70's. There is continuous talk of a rerating on here. It is being rerated but not in the way some suggest it should - it's being downgraded for several structural reasons - cost to service the debt, seemingly inept management, poor customer care and a resultant drop in real revenue.
On top this there was likely going to be a market correction which now seems to slowly happening, and I didn't see VOD bucking the trend.
I manage money for a living and I play the markets for fun, I've done it for 30 years and get more right than wrong. This will turn but probably not in the way that many believe so I'll add slowly from here and hold.
Simones, you have the IQ of a gnat. Being only long is not a badge of honour, especially when the writing is on the wall in big capital letters. Derampers on here won't affect the share price - grow up and do some proper research before you show your lack of understanding about what you've invested in.
FWIW I'm heavily short makets in general but I picked up some cyclicals this week for the first time in months. Banks, airlines and even a few of these. Very badly run but they will bounce at some stage, albeit the sell off in general is nowhere near finished yet...
It was always going to revisit the lows of around .11. I'm glad I held off again. Trouble is with these two completely clueless and ridiculously greedy g00ns in charge even a chaos theory win is looking less and less likely.
Shareholders had their chance to get rid of them, I even phoned some of the biggest holders to express my feelings and ask that they vote them out - it didn't work so many of you have got what you deserve sadly.
This would be criminal in most other walks of life..
Time to recalculate the incentive schemes again no doubt..!
C(N)UTs..!
The massive reduction in value and the ongoing lack of respect shown by the board for their shareholders is a huge red flag here. I've watched these for years and missed out on the huge spike from 3ish to 40ish. I traded them a lot around the 10's on the way back down but have recently followed the money and sold the lot. I'm about even and hope to get back in when I have a better understanding of what's going on.
Clever words and jokes have never cut it for me - follow the money. I suspect there are structural problems some of which we don't know about.
The silence is deafening which is rarely a good sign with high risk trades like these.
GL hopefully I'll join the ranks again soon - even in the unlikely event I have to pay more as a result..
71.8 please.
Robbed..
Not happy :-)
The serial under achievers seemed to have found the golden ticket to keeping their self imposed gravy train trundling along.
Keep throwing mud at the wall hoping for an eventual chaos theory win to justify years of greed and waste.
Keep the bad news as secret as possible and over hype anything that might be slightly positive at some stage much further down the line after they’ve come back cap in hand for more of your money - again and again.
After all these years revenue is almost non existent and declining, but it really doesn’t seem to matter to these two who will continue to fleece shareholders for massive non performance related salaries whilst they sit around inventing other ways to keep the whole farce seemingly relevant.
73.2
The RNS tells you everything you need to know, everything positive written on here is just bluster to try and ramp the F out of this.
The improvement could be less cash calls on an ever decreasing share price but there will still be cash calls.
No USP after all these years, they can't sell very much and anything they do sell costs them 10x more to produce. It's purely been funded at shareholder expense and it won't change..
The recent spike was complete mischief - avoid..
Agree Mickey, I thought they may have learned their lesson by now after all of the previous leaks - obviously not.. I wondered why the share price was up, now we know.
Sh1(t) is what Sh1(t) does - so I'm out again..!
"Value welcome through in the end. Patience"
Agree Wisebear ! It will and I have been !
Still 90% short on various markets but started to pick up a few bargains today - but not these.
There is no conspiracy, these aren't being played, it's a further downward rerating on the higher inflation and therefore higher interest rate numbers is my guess.
Still a way to go before the market bottoms - so no rush...
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I came back as their world roaming covers a country I spend 3 months a year living in, it's that simple. I'll keep some phone contracts with them the rest I'm slowly moving. It's a car crash..
The average interest in a period of 400 year low interest rates -really ?? I think it might be different now !
I don't need to check the bonds, the company is very solvent, they will recover but it needs a good captain to turn this big ship around.
I said at 90p it would drop into the 70's. I said the market would sell off, this is just the beginning !
You keep averaging down, I'll keep shorting the markets and will wait for a clearer entry point - it's not yet though..!
1. Based on bad experience 15 years ago when I left them. Came back 2 years ago as I thought they must have improved and it's got a lot worse. Several contracts with them, hours on the phone, broken promises, cancelling the wrong contracts leaving me with no broaband, speaking to people who can't understand basic English. It's a shambles when it goes wrong.
2. Underlying debt costs are rising - do you think they're dropping then ??! Read the balance sheet and accounts, look at the share price...! Those are the facts..!
Mr Long, it was a three pronged point and I was responding to an "it will be alright as our income will go up loads because of the inflationary increases"
It won't overall because if it's out of kilter with the average then customers will shop round and move (there is a cost of living crisis).
Customer service is horrendous if you need anything except an upgrade or some more stuff...
The debt is getting more expensive to service which will impact margins more than any inflationary upside and revenue is effectively static.
Put simply they've spent too much on infrastructure and have lost sight of what is the most important aspect of their business - the customer.
If only it was that easy, you can only increase revenue by more than your competitors if you can offer something more or better. Vodafone does neither so it will lose more customers and offset most of any increase in tariffs. The debt costs more to service too..
Here's an example of how (5h1)t they are. 17 months to get a broadband contract cancelled and refunded and I'm sat here toggling off of my iPhone as they also cancelled another contract that they shouldn't have. Hours every month and it comes to this. Avoid them avoid the shares, it will continue to decline until they can take their responsibilities seriously..!!!