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Looks fairly even, for a change. I feared a larger drop.

My view is that inflation is reducing the value of Vod's debt and the penny is starting to drop that in 9 months time (say), regardless of any deals going on, Vod's rating will improve as a result of this. The bond holders, of course, will have been hammered. The Qatar deal was significant as they said the divvy is more than their cost of borrowing for these shares. This is usually the case for most companies, but they must also believe that the higher risk of owning shares is worth it for Vod, a significant vote of confidence in the board.

This latest bout of inflation will do wonders for heavily debt-laden businesses like Vodafone, as it will destroy a chunk of the value of their bonds. I would like 3 years @ 10% but things might get so bad that inflation will come down with a recession. Either way, VOD will benefit. My massive debts on property, I expect them to go the same way, that is, become a less significant value in the scale of things.

That's all very good, Narcus, but when are the shares going to hit £2?

Rising inflation should reduce the value of the bond interest repayments and therefore VOD's massive effective debt faster than the effects of rising returns required for new bond issues. Discuss.

So glad that Cevian and Coast Capital are finally coming round to my way of thinking...

BT putting its broadband prices up 9% end of March. Will VOD be able to make something of that?

Meanwhile I am going SIM-only as my Vodafone contract is coming to an end on the 22nd. Lebara are offering me the same texts, messages and data for £4.50 pcm, as well as EU roaming at no additional charge plus 100 free international calls. So it's still dog eats dog in the mobile marketplace.

Hi Rich,
Wouldn't you say that as far as dilution is concerned, it's the number net in issue that counts, so an increase from 26.6b to 27.7b is a dilution of just under 4%. If VOD were to increase their treasury shares to the amount in Jan 2017 they would need over £1.2bn in cash.

Amazingly, Vod has fallen less than the FTSE

As a result of the £ dropping against $ and euro, surely. Still, not to be sniffed at.

VOD is to restart roaming charges to the EU countries for new contracts (unless the contracts include them specifically, that would be the more expensive ones).

You are so funny mate. Rating VOD a strong buy and predicting the sp will be 81p on New Year's Day.
Do you do stand-up, and if so, where are you appearing next?

Hi folks, I have just been emailed/targeted to be scammed in some sort of Google Play trick. I'm wondering if I became a mark as a result of being foolish enough to invest in VOD?

VOD holding its own (nearly) in a rising market. Wow.

tsk tsk children. no fighting in the schoolyard!

Hello Dan,
No, just waiting quietly for the sp to go up to 140 like you predicted some time ago (or was it you hoped) :)

Sidi,
It should warm up a bit later in the week. But presumably it will pour over the weekend and the bank holiday Monday.
Oh, and why does everybody talk about Vodafone on this site?

I'm really fed up with all this miserable weather we are having.

... and I guess you meant "get back to the 1930's" ?

Yes, let's hope that this is a bit of sense being restored.