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The current government are too busy infighting and looking to where their next funding bungs will come from to care what's happening to the economy. UK investment has fallen off a cliff since 2016 and UK phone companies are no different. There is no appetite to invest in the UK. The governments decision to force them all to rip out Chinese hardware cost them all a fortune, but the government didn't care. Now the government moans about the slow pace of 5g rollout, but I suspect they don't really care about that either, they just complain as a way of deflecting away from themselves why the UK is falling behind other developed nations. All they can do is print money and waste it on white elephants like HS2 or the billions spent on the big consultancy companies so they could produce a few PowerPoints and a useless COVID tracking system. So will the Vodafone 3 merger be allowed to happen without the government forcing them to sell off large profitable bits? No idea. They should, but then again the government are more interested in making sure lots of their lawyer buddies get paid ridiculous amounts sorting things out, not to mention the donations they could get from possible future buyers of said profitable bits. Frankly the government are as honest about creating friendly and welcoming investment environments as they are about controlling immigration, they say whatever they think sounds good, then do whatever will reward their parties and then personally the greatest. So in this environment, is it any suprise that Vodafone are paying out profits as dividends and not reinvesting them.
Watching from the sidelines here. Stayed out during the descent because of the low bond price, a price that is publicly available, but which some people buying on the dip have chosen to ignore. Personally I can't see any refinancing happening, but even if it does, I suspect the shareholder dilution will be huge. IMO the fall triggered in October it is very much related to the middle east, particularly the deteriorating relationship between London and the Arab world and the effect that will have in who they do business with in the future.
Very strange why FRES has stay so long in the low to mid 500s, especially given how silver and gold have risen so. Other PM miners have rise more in the last month, but something appears to be holding FRES back. So why, no shorts showing, but then again there may be multiple players sitting under the declaration limit, doubt it, but it's possible. If the same players have gone long on silver as a hedge then the share price may underperform silver for a while. Imo the best thing to do is just buy whatever they're under selling and hold hold hold till FRES shows a better price in relation pm prices.
Also, as previously stated I think FRES should relist on the other side of the pond, USA or Canada, both would be good for the share price.
Fridays rapid ascent past over $24 should lift FRES comfortably on Monday. Fingers crossed for a double digit rise in FRES if silver breaks upwards of $25
Lamprell had a full order book. I learnt the hard way that regardless of order book, reputation and location, it's the ability or not of a company to cover it's liabilities, present and future, that trumps everything else.
Like so many other FTSE shares the price is completely depressed and undervalued. The FTSE is yesterday's market as the IPO numbers show. FRES and it's shareholders would be better off if it moved it's listing to NY.
Of course there's no corruption in France. It's just a coincidence that ex bankers being chased for billions end up hiding there. https://en.odfoundation.eu/a/699337,statement-of-international-human-rights-and-rule-of-law-defenders-mukhtar-ablyazovs-expulsion-from-france-must-be-stopped/
French court blocks extradition over their opinion that a fair trial is not possible in Ukraine. Meanwhile the French government constant remind us how important it is to protect Ukraine's democracy. Imo the judgement is hypothetical, smug and disrespectful and the extradition should not have been blocked. It is not the French courts place to interfere in what is a purely Ukrainian matter, no matter how superior they think they are.
Biden won't get the money he wants (Ukraine is a vote looser in the US with eyes on the next election) and Ukraine won't get the weapons it needs. A peace treaty needs to be in place before the EU starts funding the substantial reconstruction required. Ukraine cannot fight without weapons and desperately needs EU money to repair essential infrastructure, so a deal with Putin, however bad it tastes will be made. I can't see Zalenski being able to stay on and there will undoubtedly be political upheaval, but crucially the fighting will stop early next year if not sooner.
BoE has lost control over interest rates which are now dependent on gilt auction yields. Huge numbers of UK zombie companies are going to fail to meet interest payments and the UK consumer is desperately cutting back to cover their mortgage. It's safe haven asset time folks.
Look at the 3 year graph. GKP has been on one massive pump and dump as far as I can see.
Anyone who bought these shares was clearly ignoring the political backdrop and the regional government's dire cashflow situation.
The Peso's rise in the last twelve months has been extraordinary, especially when they've been ramping up US interest rates during the same period. IMO the problem here is that given the very high inflation in the USA the price of silver has actually underperformed
Forget last Friday's indicators, or even any aftermarket antics, the game has changed overnight. Putin can't afford to have Wanger disengaged from the fight. If Putin refuses to listen to Prigozhin, as it seems he intends on doing, then Ukraine will know they are fighting a greatly diminished force and more effective progress should start to happen. One thing is abundantly clear, and that is the Russian armies ability to advance or counterattack is now zero, as their primary attack dog is now effectively on strike.
Let's see if it repeats last November's
Ultimately the west will realise that the biggest winners out of this war have been and continue to be China and India. Due to Russia's huge construction of defensive measures making any retaking of land far too costly, I predict that sometime in the next two years everyone will eat humble pie and accept a ceasefire, most likely based on Russia keeping what it currently controls. Putin will be happy with this, he gets to save face and he has already had to commit far more than he wanted to. He dare not risk more on any further large advances. Purely from the viewpoint of shareholders, FXPO will not get ceased by the Russians, nor while Ukraine is being rebuilt and supported by the west will it be nationalised.
A merger at current relative share prices is not in Vodafone shareholders interest. A fairer deal would be for 3 to sell various assets like it's uk network to Vodafone at a price based on discounted expected profits in exchange for newly issued Vodafone shares, with a clause limiting when those shares can be sold
Correction: issues between the 'government' and the current majority shareholder, .......
IMO this is share will be worth a lot more at some point in the future. The west is fully behind Ukraine and in order to keep that support Ukraine knows it can't start behaving like a banana republic and start nationalising companies. I have no doubt there are issues between the company and the current majority shareholder, but those will not effect the company in the long term, in fact a change of majority ownership if it happens may even help it. In the short term the legal case might have to be reheard, but based on who is making the claim on the other side I think it extremely likely that if this were the case then the same judgement would be found as last time. As far as I am concerned, the major issue facing this company is the production and shipping issues caused by the on going conflict. Long term these will be resolved and as I understand it, given the company is not facing any short term liquidity issues this should not prevent a good long term outcome for the current shareholders.
When the price jumped over £5 recently. Good well run company. Biggest problem is too much capacity in an industry overall will continue to make it very hard to make a profit. Only once the competition thins down will this be possible, but I'm not seeing much evidence of this at the moment.