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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Vodafone Group Plc | VOD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.44 | -2.07% | 68.20 | 16:35:17 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 68.96 | 67.80 | 69.46 | 68.20 | 69.64 |
| Industry Sector |
|---|
| MOBILE TELECOMMUNICATIONS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 14/11/2023 | Interim | GBP | 0.038453 | 23/11/2023 | 24/11/2023 | 02/02/2024 |
| 16/05/2023 | Final | GBP | 0.038637 | 08/06/2023 | 09/06/2023 | 04/08/2023 |
| 15/11/2022 | Interim | GBP | 0.039592 | 24/11/2022 | 25/11/2022 | 03/02/2023 |
| 17/05/2022 | Final | GBP | 0.037851 | 01/06/2022 | 06/06/2022 | 05/08/2022 |
| 16/11/2021 | Interim | GBP | 0.037 | 25/11/2021 | 26/11/2021 | 04/02/2022 |
| 18/05/2021 | Final | GBP | 0.038343 | 24/06/2021 | 25/06/2021 | 06/08/2021 |
| 16/11/2020 | Interim | GBP | 0.03981 | 17/12/2020 | 18/12/2020 | 05/02/2021 |
| 12/05/2020 | Final | GBP | 0.040797 | 11/06/2020 | 12/06/2020 | 07/08/2020 |
| Top Posts |
|---|
Posted at 22/1/2025 12:15 by 32v31today I read the GS vod note a while back. Seemed generally + to telecoms due to increased consol, but reserving judgement with vod until better clarity in Germany. Given the German CEO was suddenly replaced a while back, hopefully vod has recognised poor mgt performance and are/ will be on top of it. Hopefully. |
Posted at 09/1/2025 10:55 by pj84 Tempus has changed it's view from avoid to hold so hopefully the worst should now be over for the patient investor.The following is the conclusion from the above article: - "Big telecom companies typically make regular depreciation adjustments, so a simple price to earnings ratio can fluctuate a lot. On a forecast enterprise value to ebitda basis (which excludes depreciation costs), the shares are trading at a multiple of 5.7. That is at a modest premium to its London-listed rival, BT, which trades at a multiple of 4.2. The former state monopoly also comes with a slightly higher expected dividend yield, at 5.8 per cent over the next 12 months. Vodafone shares now look largely in line with the price tags on other European telecom giants, which trade at an average forward EV to ebitda multiple of 5.9, according to estimates compiled by FactSet. This is not exactly bargain territory, but for now the improving business looks worth holding onto. Advice Hold Why Simpler model should improve trading and better support dividend" |
Posted at 20/12/2024 09:46 by careful RR turnover 18bn market cap 49bn (up from 7bn in 3 years)VOD turnover 45bn market cap 17 bn. RR were forced to cut costs to survive Covid. We need a shock event to force VOD into financial discipline. Like many other UK companies VOD is run for the benefit of its employees and not the shareholders. UK not a free market capitalist country. |
Posted at 20/12/2024 09:35 by davius Not quite year end but...1st January the VOD share price was 68.62p, now 66.53p, down 3%, FTSE up 4.5% in the same period. Including dividends (5.7p) then the overall gain on VOD is 5%. The average yield on the FTSE is 3.68%, so overall VOD has still underperformed by 3.2% or so. The fall in the FTSE through December will be hurting the Brucie Bonuses of the traders, so perhaps there's still time for an artificial Santa Rally... |
Posted at 18/12/2024 11:31 by davius The dividend is pretty much the only thing going for VOD, the share price has been a spectacular disappointment.Since Stellar Fail became CEO the shares are down 29.2%, and they are well below the 77.53p at the time the board decided to award themselves an eye watering £30.4m in performance related shares. Of course, the fall since then has been tempered by 13p in dividends so in reality they've already profited. However "fat cats" on huge salaries don't tend to need access to these funds and can let them run as long as they remain in post, unlike those of us in the real world. Some might say they are typical board members with "snouts in the trough" as all they do is take with no real input. I couldn't possibly comment, save to express my frustration as a part owner of Vodafone, that the board have failed to make use of Vodafone's size and strengths, yet continue to view their own performance as worthy of such rewards. |
Posted at 15/11/2024 18:55 by xtrmntr The main news from Vodafone's (VOD) results is that the approval processes for their transactions in the UK and Italy are "nearing conclusion". In most other respects, the figures show no change from the recent past, which has been characterised by slow growth and an underperforming German business. In Italy, Vodafone is selling its business to Swisscom AG for 8bn (£6.67bn) in upfront cash and completion is now expected in early 2025. At a similar time, Vodafone is also expecting to complete its merger with Three UK. This deal includes a promise to invest £11bn in 5G infrastructure. The Competition and Markets Authority said last week the tie-up could proceed if this commitment is met.The scale of investment needed and the intensity of competition has been a sticking point for telecoms companies. The combination has made it difficult to generate returns on investment but the aim with the Three UK merger is that by increasing its scale Vodafone can spread the costs across more customers, increasing the returns to 5G investment.Focusing on the UK seems sensible as it is one of its best performing markets. In the six months to September, revenue increased 2.1 per cent year-on-year to 3.44bn while adjusted cash profit rose 10.5 per cent. This was partly the result of foreign exchange movements, but also because of lower energy costs and 'other cost efficiencies'. These efficiencies should grow if and when the Three merger is completed.The problem market has been Germany. It makes up over a third of revenue but saw revenue decline 3.9 per cent. In part, this fall was because of a law change that stops landlords from bundling cable TV into mandatory tenancy charges, but even without that, service revenue was down 2.4 per cent in the second quarter.In fact, price increases last year have continued to drive German customers away. In the half year, the broadband customer base declined by 88,000. In response, Vodafone has already said it is laying off 3,100 workers, a sign it doesn't expect growth to pick up again soon.The consequence is that there was a free cash outflow of 1.1bn as capital spending crept up slightly to 3bn. It is anticipation of this outflow that caused Vodafone to slash its dividend earlier this year, meaning its yield fell from 11 per cent to 6 per cent.There is a chance that once these deals go through Vodafone will be able to return to profitable growth. But the last six months have just been more of the same and until we see evidence of change, we stick to hold. |
Posted at 12/11/2024 12:57 by waterloo01 Odd reaction. They announced the new divi back in May, so hardly new.Following the right-sizing of the portfolio as a result of the sale of Vodafone Spain and Vodafone Italy, the Board has determined to adopt a new rebased dividend from FY25 onwards. The Board is targeting a dividend of 4.5c per share for FY25, with an ambition to grow it over time. The new dividend has been set at a sustainable level, which ensures appropriate cash flow cover and sufficient flexibility to invest in the business for growth. The Board has also approved a capital return through share buybacks of up to €2.0 billion of proceeds from the sale of Vodafone Spain. The Board anticipates the opportunity for further share buybacks of up to €2.0 billion following the completion of the sale of Vodafone Italy, which is expected in the first half of 2025. |
Posted at 24/8/2024 10:32 by jrphoenixw2 Indeed, the Forward Yield% figure, on for example this page/calculation, is the one to consider: 'Dividend Cut - 03/2025 annual dividend to be cut from €0.09 to €0.045. Vodafone Forward Yield - 5.15% Forward Vodafone dividend yield is based on an expected annual dividend of €0.045 for FY2025. Forecast Dividend Yield = Total Forecast Dividends / Current Share Price = €0.045 / 74.02p = 5.15% |
Posted at 16/8/2024 14:45 by davius ii view: is reshaped Vodafone all about German growth?Shares in this popular FTSE 100 company have halved over the last five years. Now undertaking a major share buyback programme, we assess prospects. 16th August 2024 11:16 by Keith Bowman from interactive investor First-quarter trading update to 30 June Adjusted or organic service revenues up 5.4% (Q4: +7.1%) Total revenues up 2.8% to €9.04 billion German organic service revenue fell 1.5% (Q4: +0.6%) Adjusted profit (EBITDA) up 2.1% to €2.68 billion Guidance: Continues to expects 2025 adjusted profit (EBITDA) unchanged on 2024 at €11 billion Plans to halve the dividend for the year ahead to 4.5 eurocents per share, but with ambition to grow over time Pursuing €4 billion of share buybacks following business sales Chief executive Margherita Della Valle said: "Our performance in the first quarter is consistent with our full year guidance, which we reiterate today. We continue to deliver strong revenue growth in Africa and Turkey, whilst lower inflation is slowing revenue growth in Europe and accelerating Group EBITDAaL growth. "During the last few months, we have announced the final step in reducing our stake in Vantage Towers to 50% for €1.3 billion and commenced our €2 billion share buyback programme following the sale of Spain. "We continue to progress our transactions in Italy and the UK as well as the broader transformation of Vodafone, focused on customer experience, Business growth and operational execution in Germany. The actions we are taking now will deliver improved performance and underpin the turnaround of Vodafone." Vodafone Group operates both mobile phone and fixed broadband networks. Operating in Europe and Africa and following business sales in Spain and Italy, key countries of operation now include Germany, the UK, Turkey, and South Africa. ii view: Conducting the first mobile phone call ever in the UK in 1985, Vodafone today provides mobile and fixed line broadband services to over 300 million customers in 15 different countries. 5G mobile provision is available in over 230 European cities, with its fast broadband network passing 52 million European homes. Fast data broadband provision also makes it Europe’s second largest TV platform with around 17 million such customers. Germany continues to generate its biggest chunk of adjusted profit at 46% during its last fiscal year, with the UK at 13%, other European countries combined and including Portugal and Ireland at 14%, Africa 22%, and Turkey 5%. For investors, previous German law changes to end bulk TV contracts to multi-dwelling units (MDU) continues to pressure service revenue at its core German market. The proposed merger of Vodafone’s UK phone operations with those of CK Hutchison’s Three UK operations is subject to an in-depth competition probe. The sale of Italian and Spanish businesses leaves it less geographically diverse. The dividend payment is again being reduced given business sales, while group net debt of €33.2 billion (£28 billion) as of late March compares to a stock market value of £19.6 billion. To the upside, a major transformation of the business has been undertaken, including asset sales in Italy and Spain and the proposed strengthening of its UK mobile business. Management focus now includes increased investment in customer experience and growing business-related sales. A €4 billion share buyback out to 2026 has seen around 10 million shares bought daily, while UAE telecommunications company e& continues to hold a sizeable shareholding in Vodafone, potentially applying further pressure on management for change and improvement. For now, declining revenue in its key German market along with the ongoing UK investigation into its UK phone merger may leave many investors sidelined. That said, a rejigged business focused on growth opportunities and strong cashflows which underpin a forecast dividend yield of over 5% does at least reward shareholders for their patience. Positives Business and geographical diversity Ongoing management transformation programme Negatives Intense competition Pending cut to the dividend payment The average rating of stock market analysts: Strong hold |
Posted at 31/7/2024 20:52 by davius A £1 billion distribution that marks the end of an era for high-yielding Vodafone Group is among £3.2 billion of dividend payments due from nine FTSE 100 companies in August.The biggest is the £1.3 billion quarterly dividend of British American Tobacco, while others of note include £153 million from Burberry Group before it turns off the dividend taps. As with last year, Vodafone is the highest-yielding stock in the month’s dividend diary. The current 10.4% is based on another payment of 4.5 euro cents a share, continuing the run of interim and final awards at this level going back to February 2020. This converts in sterling to 3.79p a share, down from 3.84p in February and the peak of 4.08p in August 2020. As recently as August 2018 the distribution stood at 10.23 euro cents or 9.9p a share. That was announced by boss Vittorio Colao alongside 2017-18 results showing service revenues of 41 billion euros and adjusted earnings per share of 11.59 cents. The equivalent figures in last May’s results were 29.9 billion and 7.47 cents respectively. The shares have more than halved since that 2018 payday to reach their lowest level in two decades, fuelled by intense competition in key markets including Germany. As part of a wide-ranging restructuring that has led to the sale of operations in Italy and Spain, chief executive Margherita Della Valle recently announced a new capital allocation framework that will rebase the 2025 total dividend to 4.5 cents. The cut will be offset by plans for share buybacks worth four billion euros (£3.4 billion), part of the 12 billion euros (£10.3 billion) of proceeds from disposals. Based on recent UBS forecasts, Vodafone now trades with a forward dividend yield of 5.5%. |
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