Member Info for Paul2566

I hope VOD does regain some ground on its SP.
There appear to be a few brokers with a target price much higher than the current SP, which is reassuring.
There is some suggestion that Elon Musk is looking for a ground station infrastructure for its starlink satellite broadband service and may be in talks with Vodafone, if true this could improve things.
I must confess that I do not fully understand the thinking behind the share buy back programme, I would have thought the money is needed to reduce debt, maintain its costly infrastructure, and expansion. However I am sure the board know ehat they are doing and there must be a very good reason for the share buy back.
The fact that the dividend is not covered fully by profits is the thing that really baffles me.
It has improved its dividend cover to 0.90 this year, from 0.62 (2020), 0.70 (2019), 0.77 (2018) and 0.54 (2017). But a dividend that consistently fails to be covered by profits is most definitely a problem.
It would appear to me that unless things change a dividend cut is unavoidable, and that will always have a negative effect on the SP.
I can only imagine the board have a very cunning plan Baldrick.

Not that it matters.
Dividend declared 16th November.
Ex-dividend in December.
Paid February

Having said that I've just played around on the 'macroaxis' website, and with a 2 year or 1 year investment horizon it comes out as a strong buy.

PFen
You are not alone, I suspect there are a lot of investors down on this stock at the moment, I'm down 13.92% on 10787 shares.
There are stocks its worth chasing down where there is no percieved adverse news, or the news is likly to have a limited negative effect.
VOD unfortunately isn't one of those.

I'm holding at a reasonable loss, but personally I wouldn't chase this stocks SP down by buying more.
I'll continue to hold until the next financial results, and see how things look then.

Back into the red LOL.

Well as soon as she rose she dropped. I'm seeing £2.957 on the BID now.
Very odd.

I have no idea why the sudden rise, it did look cheap to me when I bought in at £2.9725, then it dropped for no good reason that I could see.
Don't get me wrong I'm not complaining. Just confused.

I must confess to being a bit rattled, but I'm holding none the less.

The half year results look very good, which has been reflected in the rise in the SP this morning.
Hopefully it will now remain outside the penny stock definition.
In disclosure I hold 15006 shares in this stock and my investment has increased by over 24%.
There may be some profit taking but I wont be one of them.
I think this stock has legs, but hold for the dividend.

I already hold DLG alongside ADM stock. Also holding AV., PHNX, and LGEN in the insurance sector.
They are all down today.

I agree. I don't see much has changed.
The SP has dipped before and risen eventually.
I hold for the divi so unless forced to sell the SP has little effect.

Thanks.
I missed that.

Its down over 5%, thats quite a tumble in an hour.

Anyone know why its dropped today.
Its taken me red on this stock for the first time in ages.

Hello people, first time on this BB.
I just added PHNX to my portfolio.
1956 shares at an average of £6.7058 including tax, cost etc.
Looks solid with good div cover and stable div history.
I like insurance, utilities and banks long term.
I also hold LGEN, ADM, AV., DLG in the insurance sector. They have been good to me and I expect this to be the same.

Trade made, which has dropped my average to £2.97.

Tiger gtfu.
I'll buy and sell as I please and not to the tune of a keyboard warrior.

What highlighted it for me is I have another £18k to invest which I will split into 3 lots. When looking at my existing stocks and my watch list I realised that I would not even consider MGC as a contender for my investment, that led me to question my reason for continueing to hold something I was unwilling to invest in further.

I think MXC will do well long term, maybe 10 years or more, however I have investments elsewhere which I also believe in long term, with the addition of good dividends and seeing medium term results more evident.
I just think I will get more profit elsewhere, just have to decide on an exit point I'm willing to accept.