Member Info for slarti_bartfast

"The rationale of E&'s investment in Vodafone is unchanged from the original investment, as announced on 14 May 2022, which is to gain significant exposure to a world leader in connectivity and digital service at an attractive valuation," it said'

Not expert but think they need just under 30% to be forced to bid? But I dont think they want the lot. The africa model is a strategic fit and with Reid out of the way Vodacom is an exciting possibility.

Thats Vantage, VOD 3UK, Hungary, Vodacom, Italy/Iliad. Crikey, pregnant with possibilities.
Holding tight for the FY. GLA

Great stuff

think this SP its for the pension funds to load up and not rely on the BoE for a bail out.

' adding that dividend policy should be treated as under review'
sounds like something a jefferies analyst has said.
The BoD had the opportunity to say that but have committed to the next two dividends which is what MDV will be making sure lands as published

'So they should reduce by 15B EUR.'
Could do that by selling all Vantage and Italy to Iliad.
MDV will also increase prices from March as reported.
No near term debt issues and plenty of cash to service debt as normal.

Watch the index crash and VOD soar imho.

Quick, close those shorts before its too late

'I can genuinely see 50p here by march next year..'
you can get medication for that. I prefer a good red wine and hold tight for the recovery

Gary, if someone is selling, someone is buying or a liability to buy. Anyway, didnt you say you were a broker living in the Quantocks. I dont know whether to listen to you or not. Apologies if you are not a broker

shorts closing positions this morning me thinks

New CEO could sell everything south, invest enterprise/ business everything north in the recovery, pay down debt, maintain dividend...
Market likes the rns

87.8p for me please.

I suppose VOD is on their list too but less than 0.5%.
https://www.thisismoney.co.uk/money/markets/article-10275303/Hedge-fund-bosses-Marshall-Wace-split-whopping-316m-payout.html

https://shorttracker.co.uk/manager/marshall-wace-llp/

'and we all know that hope is for the poor and the unemployed'

I would add, alcoholics and betting shop owners to that

'It went down a minuscule amount.'
£ weakened against € today? Good for the DIV 'receivable' in theory as that went up a miniscule amount.
I noticed the exchange rate difference on todays wine import order

Well done Fred.
I will go for 118p again next week, and that's after serious consideration, and a bottle of merlot.

'if England get knocked out of the world cup,'

Come on, England are going to win the world cup!!

Well done NewSid.
I had to look Benjamin Graham up! Makes me think we are in similar phase as 1930's and 1940's with large institutions/ media capturing government thinking etc (thank you Fleccy !). That of course led to WW2 and a reduction in economic inequality by reducing the population.

Thomas Picketty suggests a system of global taxation rather than war is a better way of fixing the problem (ie Capital has tended to grow faster than the overall economy and income from capital less evenly distributed than labour income.).But anyone invested in individual ftse 100 value stocks over the last 4 years or so would argue the opposite and that inequality gap has reduced by a general reduction in stock market wealth and on going in the housing market and bonds now?

Being positive and looking forward, Jeremy Hunt this week tipped his fiscal policy narrative in the direction of inequality and concluded that his budget underpins a 'Resilient' economy and a Compassionate economy.

I suppose the good news is Nick Reed reported a 'Resilient performance in Europe & Africa, good progress on operational & portfolio priorities'

The word 'Resilient' used twice in one week by our chancellor and a global business leader must point some form of harmonic resonance.

I think I used the word 'Resilient' as a reason for holding VOD but I didnt think... LOG Benjamin Graham + Thomas Picketty = Capital reduction (or is the economy is worse than I know?)

I will go for 118p again next friday although that might be the cabernet sauvignon talking.
GLA

'Vod operational metrics are good and on plan. Debt markets are worrying about high interest rates. As long as the cash keeps trundling in I bet VOD recovers like IMB and BATS.'

I hope so Vodger. I like your thinking that FCF is discretionary and debt is repaid as it becomes due, net of inflation.

I was always taught to raise prices to maintain profitability and VOD is proposing just that for many of its european markets. The regulator says an operator who reduces costs will eventually exit a market so VOD is limited in what it can do on costs if it is to maintain regulatory compliance and influence market consolidation as an outcome.

H1 reports 'Basic earnings per share was 3.52 eurocents, compared to basic earnings per share of 3.40 eurocents in the prior year.'

Yes, relieved they didnt cut the dividend and with Vantage in 2023, its unlikely final will be cut either. Great price and lots of buying this morning. Well done to anyone who sold and bought back for the drop...I am not paying for that ;-)

Key FY outlook/ guidance metrics still look OK given the macro
Adjusted EBITDAaL was €15.0 - €15.5 billion and now €15.0-15.2 billion
Adjusted free cash flow was c. €5.3 billion now c.€5.1 billion