The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
'The arrival of a serial dealmaker on Vodafone’s shareholder register has prompted analysts and investors to raise their bets on a break-up of the operator’s sprawling business.'
https://www.thetimes.co.uk/article/e1fa7db8-aca6-11ed-9cb3-80326348937b?shareToken=6fde428cf6fc2ef61424542790921c65
'They can sell the calls at any time and move on'
Yes they can but they are saying c€154Bn assets are undervalued and they are going to wait for it to correct. Its still a bet but telco is his business. US will take note of his opinion
ADR up 4.8% at the moment
'U.S.-listed shares of Vodafone Group PLC climbed 2.4% in midday trading Monday, after media company Liberty Global PLC said it has acquired a 4.9% stake in the U.K.-based telecommunication services company. Liberty said the purchase of the 1.335 billion shares of Vodafone was funding through a financing that required equity funding of about GBP225 million ($272.8 million). Liberty indicated its interest in Vodafone is as a passive investors, as it does not intend to seek seats on Vodafone’s board of directors, and that it isn’t considering making a buyout bid for the company. Liberty’s more-active Class A shares shed 0.4% in midday trading. Vodafone’s stock has lost 8.5% over the past three months while Liberty shares have tacked on 3.3% and the S&P 500 has advanced 3.4%.'
https://www.msn.com/en-us/money/companies/vodafone-stock-surges-after-liberty-media-discloses-49-stake/ar-AA17r0D8
Thanks Roofer, 93.07 is fine ;-)
Deutsche Telekom AG, Orange SA, Telefónica SA and Vodafone Group Plc are to form a joint venture for the implementation of a privacy-by-design digital marketing technology platform in Europe that could benefit consumers, advertisers and publishers alike.
The creation of this new entity has been approved today by the European Commission, pursuant to the European Union Merger Regulation.
The four companies will take equal 25% stakes in a newly-formed joint venture holding company, to be based in Belgium and run by independent management under the oversight of a shareholder-appointed supervisory board.
The joint venture will outline its vision and strategy in due course, including its plans for adopting the trial technology commercially.
https://uk.finance.yahoo.com/news/press-release-orange-deutsche-telekom-171000108.html
Can I have whatever Roofer chooses less 0.1p LoL
'telecoms price rises'
Interesting to see what they come up with.
Less than 9 or 10% and it will look like telcos are subsidising other markets like google, netflix, microsoft et al
'An RNS needed'
Fleccy, yes you did challenge it and the latest article seems to confirm that. But the Gov did say the conversion to equity was underpinned by Aditya's commitment to fund [5G], hence the 'red herring' that VODs % reduced in compensation. However, the figures do look to have been transposed. Perhaps the articles are flip flopping between aspiration and legal requirement, hence no RNS yet.
An RNS needed. This article puts the shareholdings in VOD favour over Aditya vs articles yesterday. Shows you cant take any media at face value without triangulation on other sources
The regulators control telecoms. The management have to operate efficiently. Price controls force new products. VOD uses bonds to get the lowest weighted average cost of capital. ROCE is improving year on year at VOD
Jed, I am not expert but I think VOD is offering to buy those notes at par for cash.
Think it saves c$6Bn interest over the remaining years and clears $5.4Bn long term debt.
VOD must be flush with cash to pay dividends and pay down debt
'we see a low probability of Vodafone Idea raising a meaningful amount of external capital'
GS must be disappointed at Aditya commitment.
Vod downside risk reduces in meantime
96.8p for me please
'why are u saying there are shorts?'
Less than 135.9m wouldnt be recorded as less than 0.5% on the tracker. Not saying there are iis selling to source E& stock. Just saying demand and supply should push the SP up at some point if E& keep picking up 1% every 2 weeks. Who is selling to E&, 270m/ 1% increase in holding? Anyone with a Bloomberg terminal would know...
'Atlas now over 13% and a speedier pace of accumulation from Dec and Jan.
They keep this up and they'll be forced to show their intentions in no time at all'
If they continue to increase 1% every 2 weeks, where are all the shares going to come from. Interest rates must make margin calls more expensive for shorts? Surely the SP has to rise significantly before year end?
Meh, looks like Aditya Birla Group will do all the heavy lifting and the Gov and Vod silent partners.
'We had sought a firm commitment that Aditya Birla Group would run the company and bring necessary
investments'
https://www.republicworld.com/business-news/india-business/vodafone-idea-stake-purchased-on-basis-of-aditya-birla-groups-commitment-centre-articleshow.html
'looks like vodafone will put more money into india?'
Isnt this good news? Able to raise funds from external investors now. The group accounts dont carry any value for VI and might have led to a €1Bn write off if this hadnt happened. MDV may have good news in the Q4/FY report
'That's quite the engulfing candle over at BT'
Never mind. Tomorrow we get just under 3.96p cash dividend per share to spend on fast women and cars or reinvest in VOD. Whats not to like?