Thanks dplewis. |
Yes that's right - they cancelled nearly a billion shares recently. RNS here: hTTps://www.investegate.co.uk/announcement/rns/vodafone-group--vod/transaction-in-own-shares/8567474 |
I see that Vod holds 1.5bn shares in treasury and there are 25bn shares in circulation. I thought that buybacks were intended to reduce the number of shares so in theory increase the share price (this never happens in my experience). But in order to do this I also understood that the shares bought need to be "cancelled" not held in treasury. If they are held in treasury then presumably the value sits on the balance sheet and could be sold. 1.5bn shares is worth around £1bn at 70p per share.
Have i got that right? |
This will come back to life. I've been buying each month for the last few years. Be good if it can get back over the pound level in early 2025 |
They would not have gone through all that hassle unless it was beneficial to their bottom line. No one forced them into the merger. Far from it! |
Sometimes we have to trust the management.
It will take years to merge these companies and reap the benefits.
Today I topped up.
A ten year gilt yield about 4% risk free.
Hoping Vod will give a better return over the same period.
Huge cash flows as always, but an obligation to invest in fast broadband,
Ideally I would ignore my holding and check the value in a few years time.
Fat chance.
I planted an acorn a few weeks ago,I love oak trees.
I check its progress every day. |
Deals that VOD does tend to be mired with complications...may be not now but in future... |
Hee Haw Hee Haw |
What will they be called after the merger? Threeafone? |
#Diku, it has not come from anywhere yet, but will come from retained earnings supported by the 50% dividend cut over the next 8/10 years, maybe debt near term, but it depends how fast they want to roll out and deploy the infrastructure CAPEX.. |
So this 11bln didn't just drop out of the sky...company money meaning who's money?...came from somewhere...shareholders money or indirectly from customers?...
GBP11BN investment programme would be entirely self-funded by the company. |
Flying now, up 0.75 of a penny. Just wait til the US wake up |
Hee Haw Hee Haw |
Tiger global and Tesco again here.
Short selling scandal.
Look it up. |
Three UK EBITDA £400M+ |
The merger CAPEX will be over 8/10 years, VOD 51/49% with 3, the dividend was cut in half to retain earnings, it should be covered off..
Another step forward, now let it unfold and get on with it..
Vodafones chief executive Margherita Della Valle told the BBC's Today programme its GBP11BN investment programme would be entirely self-funded by the company.
Self-funded means no extra costs from public funding and no extra cost for our customers.. |
keep borrowing more to buyback own shares.(Lunacy Personified) |
Is the rainmaker sleeping? |
Poor reaction so far……too much debt. |
Require 20 billion funding |
Now give us more money...we need to invest in the merger... |
Surely factored into share price already and reason we are already at heady heights of 70pCan see a morning increase but share price settling back down by EODI hope I am wrong! |
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