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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
|
|
|---|---|---|---|---|
| -0.56 | -0.84% | 66.50 | 16:35:12 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 66.84 | 66.12 | 66.94 | 66.50 | 67.06 |
| Industry Sector |
|---|
| MOBILE TELECOMMUNICATIONS |
| Top Posts |
|---|
Posted at 18/12/2024 14:57 by justiceforthemany Matthew.johnson@vodaHead of Investor Relations |
Posted at 18/12/2024 11:46 by aibot5574 Who in their right mind would sell now will surely remain a mystery... That is why I propose the thesis: Wash the share away from small investors. The market is glad if they sell at lows but not so if they dare to buy occasionally something big at low prices. It looks like someone hates it. No problemo: VOD’s day will certainly come. |
Posted at 17/12/2024 14:19 by careful No money going into the UK market.Opposite in America. Crazy ETF driven, well overvalued. So much liquidity caused by eye watering $36 trillion of government debt. Buffett has $300bn in cash. He said recently that when investors are still buying when total value of US market is well ahead of annual GPD they are playing with fire. |
Posted at 29/11/2024 12:17 by 666james 0838 GMT - The German mobile market will likely experience disruption in 2025, and investors need to be prepared, Berenberg analysts Usman Ghazi and Shekhan Ali write in a note. While Deutsche Telekom and Telefonica Deutschland have engineered a larger market share along with tariff innovations, competitors such as 1&1 have an urgent need to re-accelerate growth going into 2025, they say. "Vodafone can afford to be more patient than 1&1; however, 1&1's offensive in 2025 could affect Vodafone the most and could force Vodafone, and consequently the market, down the path of unlimited mobile data tariffs," they say. Deutsche Telekom shares are down 0.3% at 30.03 euros; Telefonica Deutschland is up 0.5% at 2.11 euros; 1&1 rises 0.3% to 12 euros; and Vodafone climbs 0.03% to 71.72 pence.Courtesy of dplewis1 from the other board |
Posted at 29/11/2024 09:21 by dplewis1 0838 GMT - The German mobile market will likely experience disruption in 2025, and investors need to be prepared, Berenberg analysts Usman Ghazi and Shekhan Ali write in a note. While Deutsche Telekom and Telefonica Deutschland have engineered a larger market share along with tariff innovations, competitors such as 1&1 have an urgent need to re-accelerate growth going into 2025, they say. "Vodafone can afford to be more patient than 1&1; however, 1&1's offensive in 2025 could affect Vodafone the most and could force Vodafone, and consequently the market, down the path of unlimited mobile data tariffs," they say. Deutsche Telekom shares are down 0.3% at 30.03 euros; Telefonica Deutschland is up 0.5% at 2.11 euros; 1&1 rises 0.3% to 12 euros; and Vodafone climbs 0.03% to 71.72 pence. |
Posted at 13/11/2024 00:40 by philanderer Investors ChronicleVodafone needs Three merger to be successful The telecoms company can't generate profitable growth and its German business is dragging down the rest. HOLD |
Posted at 12/11/2024 12:47 by dplewis1 Incoming CEOs don't get a handbook for reviving a struggling company. But if they did, it would probably say something like: sell off or merge subscale businesses to focus on core markets, while being honest with investors about the scale of the task at hand. This has roughly been Margherita Della Valle's approach since she took over Vodafone on a permanent basis 18 months ago, yet the group's shares have trailed those of rivals. It all comes down to Germany.Della Valle, a former finance chief at the 22-billion-euro telecom group, went on an overdue M&A spree after taking the top job early last year. She struck a long-awaited merger with CK Hutchison's UK unit Three, agreed to sell the company's Spanish division, and this year offloaded Italy. The effect has been to focus on the key German market, which makes sense in theory, but has backfired in the short term given a deterioration in that business. Vodafone has been warning that a Teutonic law preventing landlords from bundling TV bills with rental costs, which went into effect in July, would prove problematic.And so it has. Revenue in the German unit fell 6% year-on-year in the most recent quarter. After a 6% share-price fall on Tuesday, the company's stock is down by a quarter since Della Valle's permanent appointment in April 2023, compared with a 6% rise for the STOXX Europe 600 Telecom Index. Vodafone trades at 10 times forecast earnings over the next 12 months, according to Visible Alpha, compared with European rivals' average multiple of 12.6.The question is how quickly Vodafone can start growing again in Germany. Della Valle is hoping to do so at some point in the next financial year, which ends in March 2026. She'll get a lift from an influx of new mobile customers thanks to a deal with smaller peer 1&1, which will eventually see 11 million customers move to Vodafone's 5G mobile network. Sustaining the momentum may be tough. Rival Deutsche Telekom is ramping up its rollout of full-fibre broadband across Germany, which could boost competition in the market for superfast internet.Shedding the Germany discount could be worth a lot to Della Valle. Closing the price-earnings gap with rivals would boost the shares by roughly a third, based on Breakingviews calculations. The benefits of future cost savings from the UK merger could add a further boost over time. Della Valle has played a bad hand well at Vodafone, but the payoff will take a while to show up. |
Posted at 12/11/2024 09:53 by jubberjim More smoke and mirrorsWhat is it with these companies and us investors that we are so easily taken in Will look if it should go to 60 level Be good |
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 06/12/2022 18:49 by vodman1 CEO Turmoil Leaves FTSE a Target for Opportunistic PredatorsSabah Meddings and Dinesh Nair, Bloomberg News Nick Read, chief executive officer of Vodafone Group Plc, during an interview at their offices in London, UK, on Friday, May 20, 2022. Three-and-a-half years into his tenure as CEO, with activist investors and hedge funds on alert, 57-year-old Read deflects media reports of “pressure̶ Nick Read, chief executive officer of Vodafone Group Plc, during an interview at their offices in London, UK, on Friday, May 20, 2022. Three-and-a-half years into his tenure as CEO, with activist investors and hedge funds on alert, 57-year-old Read deflects media reports of “pressure̶ (Bloomberg) -- Turmoil at the top of UK Plc -- with Vodafone Group, Unilever, Reckitt Benckiser Group and others simultaneously hunting for new chief executive officers -- has prompted fears that Britain’s largest companies may become vulnerable to activist investors and opportunistic takeovers. On Monday, Vodafone’s Nick Read became the 23rd CEO of a company in the FTSE 100 stock index to announce their departure this year, following executive changes at companies including Shell Plc, Rolls-Royce Plc and M&G Plc. The high level of boardroom churn has led some investors in the City of London to predict that changes at the top could cripple the ability of companies to press the button on transformational acquisitions, or make them a target. Uncertainty around leadership raises questions about companies’ strategic direction and is “always going to make them more vulnerable,” said Ben Ritchie, head of UK and European equities at fund manager Abrdn Plc. “It’s inevitable.” AJ Bell, which has been tracking the changes, noted that Read had served only 4.25 years at Vodafone, compared with the FTSE 100 average of 5.8 years. Even before 2023 has begun, Read is the 10th CEO to have announced a departure set for next year, after 12 exits in 2022. The post-2000 average is 12.5 a year, according to AJ Bell. Activist Investors Some exits have been driven by the company, or by activist investors. Read’s departure from Vodafone followed a turbulent year in which the company’s share price fell sharply and management faced criticism from shareholders. A vehicle backed by French billionaire Xavier Niel bought 2.5% of Vodafone, raising the prospect that he would shake up the under-performing telecommunications group. Unilever CEO Alan Jope announced his departure shortly after the arrival of Nelson Peltz, the owner of New York hedge fund Trian, on its board. Peltz, 80, disclosed a 1.5% stake in the company in May. For others, the chief executive has chosen to jump ship, with the company falling victim to the global war for talent. The lure of a US job, with more lucrative pay, has tempted some executives to leave the UK. Laxman Narasimhan announced his departure from Nurofen maker Reckitt Benckiser in September, jumping ship to US-based coffee-shop chain Starbucks Corp. after just three years in the role. Narasimhan, who was paid £6 million ($7.3 million) including bonuses and share options in 2021, will receive total compensation of as much as $17.5 million at Starbucks. Others have been tempted away from the public markets by private equity. Earlier this year Rob Hattrell, the former head of EBay Inc.’s European arm, turned down the chief executive role at fashion retailer Asos in favor of a job at private equity firm TDR, the part-owner of Asda. UK Valuations The CEO churn comes at a time when UK company valuations are depressed compared with their peers. Though shares have slumped worldwide since Russia’s invasion of Ukraine, UK boards are increasingly complaining of a conservative investor base that favors stable yield-paying stocks over innovative, faster-growing technology firms. One FTSE 100 chairman, quoted in a recent report on stewardship by the public relations agency Tulchan, said the UK market “struggles to understand what a tech stock does.” “The bias of the UK investor base means it would probably be better for a tech company to be listed somewhere else,” they said. Another chair, quoted in the report, said it was becoming “difficult and more so to recruit CEOs and chairs to London-listed boards.” “It’s not just the pay but also the scrutiny and second-guessing,R Focusing on dividends and shareholder returns may be the safe option, but eschewing transformational deals and other riskier strategies can open CEOs up to criticism from activist investors who swoop in, seeking faster change. Sharon Sands, a partner at executive search firm Heidrick & Struggles’ London office, said that market volatility and economic uncertainty may be a factor in the level of chief executive churn. She said it was important to acknowledge that the “weight of the role is heavy.” “Expectations of CEOs have broadened and deepened,” Sands said. Depressed valuations and the threat of activist pressure have also left boards fighting to prove to shareholders that they are taking action. Fran Minogue, managing partner of Clarity Search, said there was likely to be more change into the New Year for those companies whose shareholders are looking for growth and “want to be seen by their shareholders to be doing something.” She said that post-Covid, boards were asking whether employees are “stepping up, is change being driven fast enough, are transformation programs going well?” --With assistance from Swetha Gopinath and Loukia Gyftopoulou. ©2022 Bloomberg L.P. |
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