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VOD Vodafone Group Plc

73.22
1.08 (1.50%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vodafone Group Plc LSE:VOD London Ordinary Share GB00BH4HKS39 ORD USD0.20 20/21
  Price Change % Change Share Price Shares Traded Last Trade
  1.08 1.50% 73.22 67,949,538 16:35:12
Bid Price Offer Price High Price Low Price Open Price
72.88 72.92 73.32 71.90 72.08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Radiotelephone Communication EUR 45.07B EUR 1.14B EUR 0.0429 16.99 19.18B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:49:11 O 1,112 73.22 GBX

Vodafone (VOD) Latest News (1)

Vodafone (VOD) Discussions and Chat

Vodafone Forums and Chat

Date Time Title Posts
26/7/202416:48Vodafone - Charts & News3,554
25/7/202417:28Vodaphone - 5G Into The Blue 8,827
13/7/202423:21*** VODAFONE ***192
29/5/202410:03VODAFONE - TARGET OF 65P393
13/10/202313:07OCTESTING1

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Vodafone (VOD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:49:1373.221,112814.21O
2024-07-26 15:43:1463.06100,41863,323.59O
2024-07-26 15:37:4673.2213,81210,113.15AT
2024-07-26 15:36:3273.22259,517190,018.35O
2024-07-26 15:36:2573.221,190,696871,827.61O

Vodafone (VOD) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Vodafone Daily Update
Vodafone Group Plc is listed in the Radiotelephone Communication sector of the London Stock Exchange with ticker VOD. The last closing price for Vodafone was 72.14p.
Vodafone currently has 26,588,302,812 shares in issue. The market capitalisation of Vodafone is £19,382,872,750.
Vodafone has a price to earnings ratio (PE ratio) of 16.99.
This morning VOD shares opened at 72.08p
Posted at 22/7/2024 07:31 by the grumpy old men
Vodafone Group Plc Vodafone sells further 10% in Vantage for €1.3bn
22/07/2024 7:00am
RNS Regulatory News

RNS Number : 1832X
Vodafone Group Plc
22 July 2024


22 JULY 2024


Vodafone sells further 10% in Vantage Towers for €1.3bn



Vodafone Group Plc ("Vodafone") announces the sale of a further 10% stake in Oak Holdings GmbH1 ("Oak Holdings") - the partnership that co-controls Vantage Towers - for €1.3 billion. This further sale achieves the 50:50 joint ownership structure with the consortium of long-term infrastructure investors led by Global Infrastructure Partners and KKR that was envisaged when the co-control partnership was first announced.

Vodafone will receive €1.3 billion from the sale of this equity stake, which has been sold at €32 per share, the same price as the initial transaction, announced 9 November 2022. This takes the total net proceeds to Vodafone from the sell down in Vantage Towers to €6.6 billion. Proceeds from this sale will be used for deleveraging and will reduce Net Debt/Adjusted EBITDAaL by 0.1x, which is in line with Vodafone's target of operating in the lower half of its 2.25x - 2.75x leverage range.



- ends -
Posted at 14/7/2024 08:36 by ariane
TRANSACTIONS IN OWN SECURITIES





12 July 2024





Vodafone Group Plc ("Vodafone") announces today that it has purchased the following number of its ordinary shares of 20 US cents each from Morgan Stanley & Co. International Plc. Such purchase was effected pursuant to instructions issued by Vodafone on 15 May 2024, as announced on 15 May 2024 (the "Programme"):





Date of purchase:


12 July 2024

Number of ordinary shares purchased:


3,401,744

Highest price paid per share (pence):


71.58

Lowest price paid per share (pence):


70.62

Volume weighted average price paid per share (pence):


70.85





Vodafone intends to hold the purchased shares in treasury. Following the purchase of these shares, Vodafone holds 1,564,745,357 of its ordinary shares in treasury and has 26,642,918,320 ordinary shares in issue (excluding treasury shares).



As part of the Programme, Morgan Stanley & Co. International Plc. purchases Vodafone (213800TB53ELEUKM7Q61) ordinary shares and sells such shares to Vodafone. In connection with the above purchases, on 12 July 2024 Morgan Stanley & Co. International Plc. (as riskless principal) elected to purchase 3,401,744 Vodafone ordinary shares to sell to Vodafone.
Posted at 13/7/2024 15:02 by diku
CURYman...whether you hold 1 share or 100,000 shares it is immaterial...it gives you divi with one hand and with the other hand the share price drifts lower so you are locked in as many are...just over 3 months ago Apple share price was around $165...yesterday $230...would Apple products work without telco infrastructure...
Posted at 25/6/2024 06:03 by xtrmntr
Vodafone cheap, but not compellingVodafone (VOD) is cheap but Berenberg says the telecoms giant is 'missing a compelling narrative'.Analyst Carl Murdock-Smith reiterated his 'hold' and target price of 78p on the Citywire Elite Companies AAA-rated stock, which gained 1% to 72.3p on Monday.The group has completed the sale of its Spanish division and the sale of the Italian arm is set to conclude in the first half of 2025, meaning 'Vodafone has exited its most challenging European markets'.'However, we believe that what is left is not a company that would ever be drawn up on a blank piece of paper, but instead one that is a product of its history,' said Murdock-Smith.'Vodafone is cheap, but that is not a big differentiator in the telecoms sector. With several quarters of poor growth ahead of it, we feel there is no urgency to turn more positive right now.'
Posted at 24/6/2024 13:30 by grupo guitarlumber
Vodafone Group PLC
(
LSE:VOD
)
Vodafone a business that would never exist now, suggests broker

Published: 12:52 24 Jun 2024 BST


Vodafone might have exited its most difficult markets in Italy and Spain, but that does not make the investment picture much more appealing, according to analysts at Berenberg.

What is left is a hotch-potch of interests that would never be drawn up on a blank piece of paper, says the broker, but instead one that is a product of its history.

Vodafone is cheap, but that is not a big differentiator in the telecoms sector.

“With several quarters of poor growth ahead of it, we feel there is no urgency to turn more positive right now. “

Hold with a 78p target price is the Berenberg view.


First quarter will 'not look great'

Looking forward, Vodafone’s first quarter will not look great adds the broker.

“We worry about consensus expectations for the UK: We expect the growth of Vodafone’s Q1 revenues on 25 July to slow down, due to: 1) German cable-TV unbundling; and 2) consumer price index (CPI)-linked pricing in many markets resulting in lower price increases in April 2024 than April 2023.

First-quarter organic service revenue growth is forecast at 4.0% (consensus: +4.0%; Q4: +7.1%), including European service revenue growth of -0.5% (consensus: +0.8%; Q4: +2.4%).

This European slowdown is due to the UK and other businesses both experiencing much lower pricing tailwinds from CPI-linked pricing, says Berenberg, while Germany will start to be affected by cable-TV unbundling this quarter.
Posted at 19/6/2024 05:27 by misca2
Vodafone to Raise Over $1.0 Billion From Stake Sale in Indian Telecom Tower Operator
June 19, 2024 at 02:46 am
Share

By P.R. Venkat

SINGAPORE--Vodafone Group plans to raise as much as $1.1 billion by selling part of its stake in an Indian telecom tower operator, according to a term sheet seen by The Wall Street Journal.

The U.K. telecom operator plans to sell 268.0 million shares, representing a 9.94% stake in Indus Towers, the term sheet showed.

Vodafone intends to sell shares at a price in a range of 310 Indian rupees to 341 rupees, equivalent to $3.72-$4.09 per share.

The term sheet said the transaction could happen as one or more share sales on the screen-based trading platform of Indian stock exchanges.

In 2013, Indian telecom operators Bharti Airtel, Vodafone, and Idea Cellular combined their telecom tower assets with Indus Towers. Airtel and Vodafone each had a 42% stake in the tower business, with Idea Cellular owning the rest.

Vodafone has been reducing its stake in Indus Towers over time and currently holds a 21% stake. In 2022, Vodafone said it talked to several parties about selling its remaining shareholding in Indus Towers.

Analysts expect Vodafone to use proceeds from the stake sale to pare down its debt. Vodafone has been looking to restructure its business, especially in Europe. In March, the company agreed to sell its Italian business to Swisscom for $8.7 billion in cash.

Indus Towers is one of the world's largest telecom tower companies, operating 219,736 towers and 368,588 co-locations. It has a nationwide presence covering all 22 telecom circles.

The term sheet named BofA Securities, Morgan Stanley and Jefferies among banks acting as placing agents on the Indus Towers deal.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

06-18-24 2145ET
Posted at 31/5/2024 14:28 by jrphoenixw2
IDK how safe it is assuming unspent BBack funds *have* to be spent by the target date. Seems unlikely, making such an intangible rod for their own backs. I can't see a company chasing the share price above Net Asset Value. Note also the announcement RNS; 'up to' and 'target expense no greater than'. I can then also see that whether or not they complete the BBack limit, they've scheduled an AGM vote proposing another tranche.
------------------------------

15-May RNS, extracts:
'Vodafone Group Plc ("Vodafone") today announces that it will commence a share repurchase programme of ordinary shares in the share capital of Vodafone of 20 US cents each (the "Ordinary Shares") up to a maximum consideration of €500 million (the "Programme").

...for a target expense amount of no greater than €500 million

That General Authority expires on 30 July 2024, the date of Vodafone's 2024 Annual General Meeting, when Vodafone's shareholders will be asked to authorise another such general authority.
Posted at 28/5/2024 20:30 by diku
Post 84...VOD and buy backs go hand in hand...Jan 2023 VOD was doing buy backs for reasons as below buying around 86p...1.5 years later VOD still has around 27bln shares in issue...its a round about going round in circles...



03 January 2023

3 January 2023

Vodafone Group Plc ('Vodafone')

ISIN Code: GB00BH4HKS39

Transaction in Own Shares

Vodafone announces that it has purchased the following number of its ordinary shares of 20 (20/21) US cents on Exchange (as defined in the Rules of the London Stock Exchange) from Goldman Sachs International ('Goldman Sachs') as part of its buy-back programme announced on 16 November 2022 (the 'Programme'). The sole purpose of this Programme is to reduce the issued share capital of Vodafone to offset the increase in the issued share capital as a result of the maturing of the second tranche of a two-tranche mandatory convertible bond ('MCB') issued by Vodafone in March 2019. Following completion of the Programme, the increase in the issued share capital as a result of the maturing of the second tranche of the MCB will be fully offset.


Date of purchase: 3 January 2023
Number of ordinary shares of
20 (20/21) US cents each purchased: 6,103,591
---------------
Highest price paid per share
(pence): 86.36
---------------
Lowest price paid per share
(pence): 84.70
---------------
Volume weighted average price
paid per share (pence): 85.87
---------------

Vodafone intends to hold the purchased shares in treasury. Following the purchase of these shares, Vodafone holds 1,517,390,916 of its ordinary shares in treasury and has 27,300,865,142 ordinary shares in issue (excluding treasury shares).
Posted at 16/5/2024 07:07 by amelia airhead
Vodafone Group PLC on Wednesday said it began a share buyback program of up to EUR500 million, a day after saying it would begin a wider EUR2.0 billion scheme following Spanish authorities giving the green light to the planned sale of its Spanish business.

The Newbury, Berkshire-based telecommunications provider said the program would begin today and end no later than August 15. Morgan Stanley will conduct the buybacks on Vodafone's behalf.

Shares in Vodafone were up 4.7% to 76.70 pence each in London on Wednesday morning.

Vodafone said on Tuesday that it planned to conduct the program as an initial tranche of returning EUR2.0 billion to shareholders over 12 months.

This was after Spanish authorities greenlit its planned sale of Vodafone Spain to Zegona Communications PLC, which is expected to complete at the end of May.

At that time, Vodafone will receive EUR4.1 billion in cash and EUR900 million in the form of redeemable preference shares.

Zegona said the acquisition is classified as a reverse takeover under listing rules and it has applied for the around 704.1 million Zegona shares to be re-admitted to the standard listing segment of the Official List and to trading on the Main Market of the London Stock Exchange.

Zegona is led by former Virgin Media executives and has bought and sold two Spanish telecoms businesses, Telecable and Euskaltel, in the past.

Under the sale agreement, Vodafone and Zegona also will enter into a brand licence agreement, which permits the use of the Vodafone brand in Spain for up to 10 years post-completion. Vodafone and Zegona will enter into other transitional and long-term arrangements for services including access to procurement, internet of things, roaming and carrier services.

Zegona said it will fund the acquisition through a combination of new debt, Vodafone financing, and a new equity raise.

Shares in Zegona were up 0.9% to 235.10p each in London on Wednesday morning.

Earlier Tuesday, Vodafone reported results for the year to March.

It said pretax profit fell 88% to EUR1.62 billion from EUR13.07 billion the year prior.

Vodafone said this primarily reflects business disposals in the prior financial year, in particular the EUR8.6 billion gain on the disposal of Vantage Towers.

Revenue declined by 2.5% to EUR36.72 billion from EUR37.67 billion a year prior, reflecting the disposals of Vantage Towers, Vodafone Hungary and Vodafone Ghana in the prior financial year and adverse currency movements.

Group service revenue increased by 6.3% to EUR29.91 billion from EUR30.32 billion, with Europe, Africa and its Business division all growing, Vodafone said.

Earnings per diluted share fell to 4.44 euro cents down from 43.51 cents.

Vodafone declared an unchanged total dividend 9.0 cents per share, including a final dividend of 4.5 cents.
Posted at 15/5/2024 10:33 by davius
The Drivel Meister (aka Institutionalised Loony) in full flow today then...



Vodafone Group PLC on Wednesday said it began a share buyback programme of up to EUR500 million, a day after saying it would begin a wider EUR2.0 billion scheme following Spanish authorities giving the green light to the planned sale of its Spanish business.

The Newbury, Berkshire-based telecommunications provider said the programme would begin today and end no later than August 15. Morgan Stanley will conduct the buybacks on Vodafone's behalf.

Shares in Vodafone were up 4.7% to 76.70 pence each in London on Wednesday morning.

Vodafone said on Tuesday that it planned to conduct the programme as an initial tranche of returning EUR2.0 billion to shareholders over 12 months.

This was after Spanish authorities greenlit its planned sale of Vodafone Spain to Zegona Communications PLC, which is expected to complete at the end of May.

At that time, Vodafone will receive EUR4.1 billion in cash and EUR900 million in the form of redeemable preference shares.

Zegona said the acquisition is classified as a reverse takeover under listing rules and it has applied for the around 704.1 million Zegona shares to be re-admitted to the standard listing segment of the Official List and to trading on the Main Market of the London Stock Exchange.

Zegona is led by former Virgin Media executives and has bought and sold two Spanish telecoms businesses, Telecable and Euskaltel, in the past.

Under the sale agreement, Vodafone and Zegona also will enter into a brand licence agreement, which permits the use of the Vodafone brand in Spain for up to 10 years post-completion. Vodafone and Zegona will enter into other transitional and long-term arrangements for services including access to procurement, internet of things, roaming and carrier services.

Zegona said it will fund the acquisition through a combination of new debt, Vodafone financing, and a new equity raise.

Shares in Zegona were up 0.9% to 235.10p each in London on Wednesday morning.

Earlier Tuesday, Vodafone reported results for the year to March.

It said pretax profit fell 88% to EUR1.62 billion from EUR13.07 billion the year prior.

Vodafone said this primarily reflects business disposals in the prior financial year, in particular the EUR8.6 billion gain on the disposal of Vantage Towers.

Revenue declined by 2.5% to EUR36.72 billion from EUR37.67 billion a year prior, reflecting the disposals of Vantage Towers, Vodafone Hungary and Vodafone Ghana in the prior financial year and adverse currency movements.

Group service revenue increased by 6.3% to EUR29.91 billion from EUR30.32 billion, with Europe, Africa and its Business division all growing, Vodafone said.

Earnings per diluted share fell to 4.44 euro cents down from 43.51 cents.

Vodafone declared an unchanged total dividend 9.0 cents per share, including a final dividend of 4.5 cents.
Vodafone share price data is direct from the London Stock Exchange