RE: Transaction in own shares17 Jun 2021 23:38
Hey Welsh, The share buyback is a limited program to counter the dilution caused by the convertible bonds using some cash raised from selling part of the towers, not using genuinely excess capital generated from operations to decrease the shareholder base. Therefore, it has not much effects on the share price I am afraid.
Yes, the best way to increase the SP is to reduce the debt but I don't think VOD is earning enough profit to do that. As the matter of fact, it even needs to borrow money to pay us the dividends too.
Sorry, I hope that I am not putting you or anyone off here and being labelled as a de-ramper, only stating the facts.............lol