down more than 7% atm
it is still in the top 10 long trades of the most successful IG spreadbetters
gbp/usd is also in the top 10 longs
does anyone make money on IG?? |
Will be getting on for 350m shares traded today .. some bargain hunters in there |
Brokers will be sharpening pencils for lower price targets... |
Troughing... |
But the question is what are the Independent Executives doing?... |
I hope you are right just took a few
Good luck |
Yes, I remember Nokia and all the rest...VOD has been a dog for best part of 20yrs. It's at the point where I wouldn't invest more, at any price.It's a POS but certainly an interesting case study for anyone new to investing. You could learn a lot of lessons from this... |
That's not correct -- hTTps://www.investegate.co.uk/announcement/rns/vodafone-group--vod/transaction-in-own-shares/8567474 |
Apparently they haven't cancelled any shares, all being held in treasury. |
Remember Nokia? |
Ban buybacks across the board and see how many CEO perform with fresh ideas...all the asset disposals is the easy part... |
 this is a nice summary of the implications from an investor's point of view. at this point, the market does not seem to be convinced of any benefit to the company
From an investor's perspective, the implications are nuanced:
1. Market Perception: Investors may view share buybacks as a positive sign that the company believes its stock is undervalued. This can lead to a short-term increase in stock price. (obviously wrong)
2. Potential for Manipulation: Some investors are wary of share buybacks as they can be used to manipulate EPS and other financial metrics, potentially masking underlying issues. (entirely suspect they are making the company look better than it is)
3. Voting Power Concentration: As treasury shares do not vote, the repurchase of shares can concentrate voting power among fewer shareholders, which can be a concern for minority investors. (that is me, i am concerned)
4. Opportunity Cost: The funds used for share repurchases could have been used for other value-creating opportunities, such as investments in research and development or capital expenditures. (or giving me a bigger dividend to invest in a different company that is actually going somewhere)
reducing the cost of share reward programs just does not cut it for me, no rewards should be offered based on any metric, they will only decide how best to fill the trough to shove their snouts in. i can't imagine they would want to hold for a future takeover, they have bought terrible stuff they are wanting to sell. so the only remaining benefit is to protect the company from a takeover. but who would want to buy this? so from my perspective, just cancel the bloody shares and give me confidence that i know what they are doing with the cash |
In answer to the question in the times "has Vodafone's ceo pulled off the long-for turnaround?" I think the market has judged emphatically "no". At least the new buyback will prevent it falling into the abyss |
https://clarkslegal.com/insights/articles/treasury-shares-an-opportunity-to-be-treasured/ |
ON THE BIG LOOSER BOARD HERE TODAY. 50P ONE WOULD SAY. MEANWHILE VAST RECOURSES ON THE UP IN A BIG WAY ;) |
My tracking spreadsheet tells me that the shares are now down 31.6% since Stellar Fail became the CEO, and that the £30m of shares the fat cat board awarded themselves under the company share scheme have fallen in value by £4.9m. That is of course tempered by dividends and hefty salaries.
Meanwhile the real owners of the business, us hard done by shareholders, bend over and take it up the jacksie until our eyes water. Such is the stock market.
All hail ENT today, which has rubbed a little salve into the gaping wound of VOD. |
Dividend payday Friday 07th to take the edge off todays share price slump, still overdone IMO, we will see how the claw back goes over 2025 as incoming funds push debt down and buybacks up.. :o)
Group FY25 guidance reiterated: On track to deliver Group Adjusted EBITDAaL of c.EUR11BN and group adjusted FCF of at least EUR2.4BN.. |
With the share price this low it must make sense to reinvest the dividend due later this week in VODBeen saying that since 100p+ though |
so if they hold for a possible capital raise, that would crater the future share price anyway? but that would be after the board has changed again and the new ceo takes the blame. surely they can't give themselves £0.5bn in snouts in the trough awards. so the buyback surely is mostly not in shareholders best interests. do they say anywhere how many shares they have actually cancelled? |
VOD £16.6bln...BT £14.2bln...VOD got Independent Executives...do they ever look at the share price... |
CURYman is here?...what chance it closes below 65p today?...lock today's buyers in... |
from the advfn chart, i get the all time intraday low as 62.7p
still more downside judging by the reaction
sellers were having a rest, now back feeling refreshed
buybacks only preventing a crashing share price which would have caused board's credibility to be totally shot, although it looks like it is anyway
technical question- if shares are bought back, what is best for me as existing shareholder- i would have thought being cancelled is best. what is the reason for holding in treasury? if they are held in treasury, does that affect the market cap? |
It's unbelievably bad. |
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