Member Info for seen_it_done_it

Same here robleo. VOD is now my biggest loser and a heavy weight of my portfolio. £40k down!! Jesus Christ!! It will need many years to recoup it from the dividend. Hope that it won't go under before I get all my money back ......lol

It does seem that someone is having a second thought. Robleo, are you thinking of abandon ship?

Now Dan, VOD is 48% chance of going belly up!!??!! How am I going to sleep tonight then huh??....

Uh? Is that what is all about? Oh ok then, I'll keep my mouth shut.....but you must share the info with me though.......lol

....lol Dan, I don't think we got much left in the bank after all these years of destruction of the SP.....Let alone laughing all way to there and back........ hahahaha

Hey robleo, do you want to be kicked out of the 3 amigos or what? Why sounded so negative hey?

And Dan, since when you are so friendly with Mikey? Are you desperately needed to fill the space I left behind?........lol

I would predict a 127+p opening tomorrow. Then will go up and then down and then up and then down and then close well down more than the divi!!!.........hahahaha

VOD's first tranche of the mandatory convertible bonds (MCB) worth £1.72bn matured on 12 March, resulting in Vodafone issuing 1.43 billion shares from its Treasury. Vodafone bought back shares between 22 March and 18 May to partly offset the increase in its share capital from the maturing of the first tranche of bonds.

Vodafone said it intended to launch further buyback programmes over the next 10 months to further offset the maturing of the first tranche of bonds before the second batch matures in March 2022.

The company said it would buy back a maximum of £340m of shares and hold the securities in treasury.

Umeed, you were right. VOD issued Its bond holders shares from its treasury but the conversation was £1.72b and VOD can only back buy £340m, which means VOD's treasury will hold £1.38b less worth of its own shares!

Ok Dan, now I know that I am an outcast, not one the 4 amigos anymore...... it's fine. I am free!!!! Hahahaha

Oh and Umeed mate. I still think you didn't get what we said at all. Actually, VOD made very little profit and I am not opposed to VOD paying dividends at all. In fact it's the reason why I invested here in the first place because I am a pensioner needed dividend income to supplement my measly pension. Unfortunately VOD is unable to cover the dividend payments by a long shot. EPS is only 0.375p and dividend is 7.787p per share. Only 5% is covered by the actual earnings the other 95% comes from borrowing!!

Also, the bond are already converted into ordinary shares. They are using part of the proceeds from selling TOWERS to fund the share buy back. The shares they are buying back are actually just a small amount of the bond convertion to reduce to impact of the dilution, not really something amazing at all.

.....sorry mole_man......typo...

Hey Umeed, no offense but I agree with moke_man and Dan.

First of all, VOD is not a cash machine. Profits they made from operations are not enough to keep the company going. That's why they have to borrow, borrow, borrow and borrow again!....

Number 2, they did not buy back 29 billion shares. It was because there was a 1 for 2 consolidation in 2014 thus reduced the number of shares to half.

Thirdly, more expansion means more borrowing. Simply VOD doesn't make enough money to buy other companies!!

Therefore, none of the 3 points of your post is bullish at all. Maybe many would say, debt is good. It's cheap but for how much longer? The depressed VOD SP is not without a reason......

Sorry Dan for I sounded like Mikey. You can kick me out of the 4 amigos if you want............lol

Thank you SD235. Usually total dividend doesn't count the special. Because special is only one off, not regular payments.

I also hold DLG. So far it's doing much better than LGEN. Also just like what you have posted. DLG paid more dividends than LGEN as well

....oh, my last top up was @132.74p. Quite a bit higher than yours, Dan. Will the usual ex-divi drops happen once again? .......I truly hope not!!.......

Yes Dan, I know I am not the intelligent type. A little bit dim in fact. Always misinterpret other people's true meanings. Guess everyone has got used to me already........lol

The SP finished the day unchanged eventually. That's just great.

The SP is falling back because of lack of news but it's still holding up well. Should bounce back soon. GSF's SP is always moving in a narrow range not the roller coaster style....

Yes correct. In fact you will get your dividend if you sell your shares anytime after it has gone ex-divi but not before.

Sorry buzz for misunderstood your term of "Gang of Four". I thought you meant us "four amigos". My sincere apologies.

I have heard of 'Sky News', but what is 'Sly News'? Is it a new channel? Only joking of course. I know it must be a typo.......lol

You won't get any dividend if you sell tomorrow, the day before going ex-divi but you will get your dividend even if you sell on Thursday.

Nope amigo Dan, I have nothing to add. Since we have already been labelled as the 'Gang of Four". It will only add fuel to the fire, and they also already said that won't listen to any of us anywhere.......lol

"One of my favourite philosophical tenets is that people will agree with you only if they already agree with you. You can't change people's minds"-------Frank Zappa

Morning Narcus, MM? VOD is not an AIM share. All trades are going through the electronic order book, called SETS. There're no MMs involved at all.........lol

In fact the closing price on this site isn't correct. The trade reports also only up to 15:25. The actual closing price was 113p. Here are the last four trades including the UT:

Time. Price. Size. Type
16:35 113p 7,415,647 UT
16:36 113P 50,000 AT
16:46 113p 194,714 O
16.53 112.989p 233,568 O