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This share is getting on my nerves. Due to FOMO im still in, else by now i couldve put my money elsewhere and made up my loss long time ago. This is the worst share in my portfolio and will never do AIM stocks ever again!
As inflation has dropped and telecoms always puts up price in relation to inflation (which should be abolished) this represents lower future revenues than previously expected. Lets face it telecoms sector cant really say their operating cost goes up by inflation + 3%, so when they bump up the prices its mostly extra profit which is cheeky and Ofcom should step in. I bet if there was deflation they not gonna cut down on my phone bill
"Are you saying that he's not worrying about the ongoing share price drop and the impact on the large trade he made?
Come on! This is a serious bit of post tax dosh to invest, he'll be hitting refresh every 5 minutes! Probably joined on here as well waiting for some good news articles :-)."
If he is hitting refresh every five minutes I'll be worried that he isn't doing his job properly and no wonder the share price is going down lol. He has far more important things to do than just constantly looking at the share price.
And he will be the first person to know what good news articles will be coming out as he will be one the key people delivering the news. BASICALLY HE IS THE NEWS LOL!
If things haven't improved by the next results day, then he may be worried, he will just chill!
His purchase of £1.5m represents 0.0085% of the market cap, so its not going to move the price massively. However an individual who has invested a big proportion of his own wealth and who is CFO and really knows what the company is worth is a big game changer for me and I might top up and average down my current break even of 89p as now I can see a brighter outcome within this calendar year. Allowing for dividends I have received over the years I am probably not as big loss as it looks on paper atm.
Capital allocation review
Vodafone has conducted a broad capital allocation review, considering the investment profile of the Group's strategy within its reshaped footprint. This review has concluded the following key outcomes:
· country-level capital intensity to be broadly maintained at existing levels;
· maintain robust balance sheet with new leverage policy of 2.25x - 2.75x Net debt to Adjusted EBITDAaL, targeting to be in bottom half of the range;
· FY24 total ordinary dividend expected to be maintained at 9.0c per share and ordinary dividend to be rebased to 4.5c per share from FY25 onwards;
· targeting total return increase to ?3.1 billion for FY25, comprising ?1.1 billion ordinary dividends and up to ?2.0 billion share buybacks following completion of the sale of Vodafone Spain; and
· opportunity for further share buybacks of up to ?2.0 billion following completion of the sale of Vodafone Italy.
The total net cash proceeds from the sale of Vodafone Spain and Vodafone Italy are expected to be approximately ?12 billion, subject to customary closing adjustments. Following an extensive review of our capital investment requirements, the current capital intensity will be broadly maintained by market, which allows for appropriate investment in networks and growth opportunities. A new leverage policy of 2.25x - 2.75x Net Debt to Adjusted EBITDAaL will be adopted and we will target to operate within the bottom half of this range. The new leverage policy supports a solid investment grade credit rating and positions Vodafone to continue to invest for growth over the long-term. Vodafone has a debt structure with a weighted average life of 12 years, and fixed weighted average cost below 3%.
Reflecting the composition of the Group for FY24, alongside re-iterating FY243,4 guidance of Adjusted EBITDAaL of c.?13.3 billion and Adjusted Free Cash Flow of c. ?3.3 billion, the Board's intention is to maintain the final FY24 dividend in line with the prior year at 4.5c per share (annual total dividend: 9.0c per share). Following the right-sizing of the portfolio as a result of the Transaction and the sale of Vodafone Spain, the Board has determined to adopt a new rebased dividend from FY25 onwards. The Board is targeting a dividend of 4.5c per share for FY25, with an ambition to grow it over time. The new dividend has been set at a sustainable level, which ensures appropriate cash flow cover and sufficient flexibility to invest in the business for growth.
The Board has approved the capital return through share buybacks of up to ?2.0 billion of proceeds from the sale of Vodafone Spain. This is expected to commence following completion of the sale of Vodafone Spain. The Board anticipates the opportunity for further share buybacks of up to ?2.0 billion upon completion of the sale of Vodafone Italy. It is expected that the total return to shareholders for FY25 will be up to ?3.1 billion, representing ?1.1 billion in ordinary dividen
Having a look at latest accounts vs those in 2015 when share price was £4.
YEAR 2015 2023
NAV 2763m 1886m
GOODWILL 2989m 2252m
OTHER INTANGIBLES 525m 317m
NAV LESS GOODWILL AND INTANGIBLES (751)m (683)m
Hence as you can see we are in much better position with a share price 90% down.
Pension deficit is coming down was 190m as October but discount rates have gone down (from 5.7% to 5.0%) this would have added another 100m on pension deficit unless they have heavily invested in equities then would see an improvement (wouldn't be surprised if deficit has been fully eliminated). Sales of Greece business should've reduced outstanding loans. The way I see it Curry's should be valued at least 150p as a minimum and fair value to be 250p (Market Cap of 2.8bn).
I was in Curry's over the weekend and it was so busy. I was asking about TV's and Laptop and their staff are so helpful and knowledgeable and those second opinions and advise are invaluable which you don't get by buying online and you get to see the items in front of you.
By using my 7% discount from my workplace and use of cashback sites I always find myself having a bargain from currys that I never get from the likes of Amazon.
I really do believe we have a future in Currys which is priced incorrectly and takeover offers being absolutely ridiculous.
PS my average is 55p.
One thing I learned from Cineworld is never allow for intangibles in NAV and hence value of Currys NAV could be considerably less and that is what a bidder is really paying for - how much do they really value things like goodwill etc.
Personally I dont want Currys to be taken over by JD as its Chinese and Currys will then become a dumping ground for cheap crappy chinese products.
It would be so awesome for someone like BestBuy from USA to come and make an offer. I have been to BestBuy stores in USA and have bought a few things from them and the stores, brand etc is very much alike how Currys is over here and hence would be such a perfect match.
Dow 30 is designed to always do well in the long term, as its only 30 stocks that always do well. For example McDonalds demand for its products will hardly wane regardless of putting its prices up a bit every year or the state of the economy. This holds true for many of the other 29 companies including apple whose phones keep selling like hot cakes regardless how expensive the iphones have become. In a few years time (2 to 5 years) you will think 40k mark was so cheap when its hovering around 50k (ie 25% increase). You only need an iphone selling for £1500 rather than current £1200 or a big mac meal costing £6 rather than £5.
What annoys me most about companies is those who have in their contract to rise prices annually by another 4% above cpi like broadband and mobile plans. Its like a self fulfilling prophecy if generating more inflation. There should be a ban on such practices. If regulator has problems with car loan commissions, surely pricing of mobile plans, rail fares is far worse.
I thought it would be higher, found Xmas shopping to be quite expensive. However next month I think we going to see a big drop. I have noticed food prices have come down quite a bit, lots of good offers on in all supermarkets, even milk at iceland has dropped to 135p. Producer price index has also fallen but a significant amount in data released today, if that is passed onto consumers then next month will help getting this lower. I reckon Feb reading could be in the tune of 3.5%