Member Info for slarti_bartfast

'Maybe a tectonic shock required'

Liberty Global possibly, at least in the UK.

'Looking to the future, high levels of investment will still be needed to deliver the networks that the UK requires but levels of capex spread across the current set of four individual players are unsustainable'

Pressure will be building with the regulator/ gov and cant be brushed under the carpet. 3 has been positioned to exit for many years. Perhaps as a stalking horse for remedies in 3's other uk interests/ employment commitments but malone/ niel interest suggest it is the starting gun for consolidation in uk (and eu)

Kirti, it's possible Africa business going to one party and the European business to another. Who would take the whole lot as the regions are at different stages of development with different governmental and regulatory interests. Easier to break it down in the parcels currently constructed in my opinion. And perhaps that's what is at play between E& and Malone

Roofer, no worries.
My prediction still stands, roofer prediction +0.1p lol

'Roofer 88p,
That's embarrassing Roofer...and no speech to explain your weekly success. Taught me to stick to a strategy ie roofer prediction +0.1p.

Next week I predict roofer prediction +0.1p

'Last thing they should be doing is raising the div.'
Why not?
Prices will increase for inflation next week. Cash cow plus asset sales. Shareholders like E&, Malone, Niel et al getting a return on their investment. No near term debt to repay. 2.5% coupon debt easily serviced. No incremental near term capex. I guess they could put the money on deposit at 6% interest...?

'divi not so far away '
Yes, plenty of cash. Would be good if they lift the final div for inflation and the SP rerates to 6% yield going forward. €154Bn total assets = €25Bn market value is not sum of the parts. Vantage now proven

90.4 is my prediction

'Who else is going to build €154Bn of assets with new debt '

Well todays RNS shows the incremental nature of investment in this space and Germany in particular.

'Vodafone said FibreCo will invest around EUR7 billion, to be partly financed by debt, which will be non-recourse to Vodafone and Altice. Debt facilities of EUR4.6 billion have been arranged to support the deployment of FibreCo's fibre network.'

https://www.lse.co.uk/rns/VOD/completion-of-vodafone-and-altice-jv-in-germany-rre09db5aimtxxl.html

'Emirates Telecom has approval to raise Vodafone stake to 15%'
1% increase circa every 2 weeks

Crikey Roofer, I added .01 to your prediction, otherwise you would have won again!!

So I am careful about giving a victory speech, appearing pompous and having a great opinion of myself. A chap once gave a long victory speech and then made the mistake of turning to his neighbour on the top table, who happened to be Oscar Wilde, and asked, 'How would you have delivered that speech?'
Under an assumed name', came the reply from Oscar Wilde....

I will go for 107 next Friday

Great thing about investing in spectrum is that it never wears out. The generation of G is about configuration and timing of 'G' devices from the supply chains into the markets. VOD is able to bring 'G' to different markets at different speeds and clearly got its foot on the 5G capex brake whilst the supply chains sort out what they want to deliver where. Its clear why E& is increasing its VOD holding as the economics lean toward their interests.

'Goldman Sachs raises Vodafone price target to 130 (120) pence - 'buy''
Great stuff.
If VOD can deliver guidance and confirm the june div then 130 maybe within our grasp.
Anyway, Feb monthend tomorrow .....and then 2023 tax year and Vod financial year end to look forward to.

100.16p for me please !

'Suggests they have been assured dividend is safe.'
BOD said 9cent FY div in the H1 report.
Cash is not in short supply and no material near term debt maturing. They could score at FY if increase the div a % for inflation.
Activists happy with the trade off consolidation and selling 'non core' assets.
Growth in developed markets when interest rates are embedded and gdp recovering.

'Look at EUR to RAND' VOD treasury hedges everything (at a cost)

When it was going through regulatory approval think I saw $500m all cash offer in a media article..

'product could revolutionise the 5G private network sector'
software defined radio. beats fixed line sme surely?
https://www.telecomtv.com/content/5g/vodafone-unveils-open-ran-5g-network-in-a-box-46708/

'Let’s not forget about the €45bn of debt.'
I am assuming that will c.€40Bn at year end. No material near term debt maturing which is why €28Bn market value seems very low, no stress etc except of the political kind..

112.2p for me please