Vodafone Share Discussion Threads

[123trev] 29/1/2019 12:13

GobsterX,lol,Warren dosent buy stock like you or I and from memory he seems to do fairly well,pmsl.

[knowing] 29/1/2019 12:08

Https://uk.webfg.com/news/broker-recommendations/vodafone-still-attractive-even-if-dividend-is-cut---analysts--3711043.html

[blueteam] 29/1/2019 12:08

This all looks like a prefect storm for a massive rise - share buyback, approval, brexit conclusion, oversold, good divi and upgrades. £1.80 near target. Then £2 trading range. We will see.

[knowing] 29/1/2019 12:08

Http://www.morningstar.co.uk/uk/news/181060/vodafone-still-undervalued-say-analysts.aspx Vodafone Still Undervalued, say Analysts

[markth] 29/1/2019 12:07

Short interest on the ADRs is here. https://images.fintel.io/us-vod-short-volume-ratio.png

[montyhedge] 29/1/2019 12:04

hades1 If Vod gets approval add 15p on shareprice.

[gabsterx] 29/1/2019 12:01

Warren Buffett's most famous and successful investment: Coca-Cola. July 1998: Out of curiosity, I pulled a few sell-side analyst reports on Coca-Cola from June 1998 to July 1998. Not surprisingly, almost all the analyst reports have buy ratings on KO: “Our 12-month target price range is of $88-90. We feel that it is important to note that our confidence and conviction in The Coca-Cola business model and its long-term growth opportunities have never been stronger.” -July 1998 Donaldson, Lufkin & Jenrette Analyst Report "We continue to believe KO shares could trade to the $85–86 level over that next 12–18 months, or at roughly 46–47 times our 1999 EPS estimate of $1.84." - June Morgan Stanley Analyst Report The stock crashed and lost 54% of it's value and has not recovered till 18 years later. Moral of the story: Do your own analysis, do not trust anyone else SPECIALLY these fortune-teller analysts.

[123trev] 29/1/2019 11:55

I bought back in here yesterday with quite a chunk but that’s not to say this can’t fall a little bit more because it could well do greed is a funny thing but for me and for the time being this seems like a good price.Personaly I think the dividend should be cut but I don’t think it will be and despite other posters negative views here I think the right moves are being made by the new guy.I wasn’t planning on getting to involved with stocks this year as I initially thought this would be peak correction territory but now I’m not so sure it’s coming but maybe next year,lol,fingers crossed.

[hades1] 29/1/2019 11:51

The Liberty deal is still awaiting EU (and others) approval? So not really finalized yet any away.

[123trev] 29/1/2019 11:28

hades1,Remember this particular debt is already covered! To me this is a clever and obviously well orchestrated bit of financial engineering thought up by,Vod and JP to pocket the difference.I did mention this was all about the bonds months ago as you can clearly see their maturity dates but some posters seemed to get confused with the Liberty convertible bond at the time from memory there was even an ex bond trader apparently who had some trouble,lol.The next issue could prove more problematic but then again if the price is low enough maybe not.

[montyhedge] 29/1/2019 10:53

It will stop bears taking positions, you can't fight 1.5 billion pounds worth of buybacks, bears would get slaughtered. Fund managers will probable hold has well, knowing Vod wants their shares. I see a run up to 145p coming into February when they start. Plus we are getting paid 9.76%, to me a no brainer, only my view.

[montyhedge] 29/1/2019 10:50

Buybacks start in late Feb.

[hades1] 29/1/2019 10:33

28 January 2019 MATURING MANDATORY CONVERTIBLE BOND AND ASSOCIATED SHARE BUYBACK PROGRAMME In February 2016, Vodafone Group Plc ('Vodafone') issued a two-tranche mandatory convertible bond ('MCB'), the first tranche of which matured in August 2017 and the second tranche of which is due to mature in February 2019. As a result, Vodafone today announces it is to commence a new irrevocable and non-discretionary share buy-back programme (the 'Programme'). The sole purpose of this Programme is to reduce the issued share capital of Vodafone to avoid an increase in the issued share capital as a result of the maturing of the second tranche of the MCB. In order to satisfy the redemption of the second tranche of the MCB, a maximum of 799,067,756 shares will be issued on 25 February 2019 at a conversion price of £1.8021. This reflects the conversion price at issue (£2.1730) adjusted for the pound sterling equivalent of aggregate dividends paid in August 2016, February 2017, August 2017, February 2018, August 2018 and February 2019. As announced on 19 February 2016, when the MCB was issued Vodafone also entered into an accompanying option structure. This option structure will ensure that the total cash outflow to execute the Programme will be broadly equivalent to the £1.44 billion raised on issuing the second tranche of the MCB, regardless of any differential between the conversion price and the ordinary share price during the execution of the Programme. Therefore, the maximum pecuniary amount allocated to the Programme is £1.5 billion (taking into account money received or paid under this accompanying option structure). The Programme will be financed out of the proceeds from Vodafone's Verizon loan notes, which Vodafone received in two tranches as partial consideration for the sale of its 45% stake in Verizon Wireless in 2014. Vodafone received US$2.5 billion in cash in May 2018 following the redemption of the second tranche of these loan notes.

[67steve67] 29/1/2019 10:25

Thanks Maddox.

[sundial1] 29/1/2019 10:24

Does anyone know when buy back kicks in.

[hades1] 29/1/2019 10:14

It's a way of moving bond debt into shareholders. It's clever especially given the level of the debt buy back at 180p / share and buying shares in the market at less than 140p / share. It's been planned for years - dates (and the buy back price) back to the original bond/debt issue date. It's being handled by JP Morgan? The buy back should under pin the price until May when it ends, but it does not formally start until end of Feb - but now market has been reminded

[diku] 29/1/2019 10:02

Buybacks and the share price drifts lower...particularly when you have billions and billions of shares in issue...they buy back and re-issue more shares...what kind of game is that?...Lloy, BT was another example...

[montyhedge] 29/1/2019 10:00

I'm confident with the massive buyback, underpins the shareprice should be a lot higher. But not until February when they start.

[blueteam] 29/1/2019 09:40

Will head towards £1.80 as that's the price needed, so buy back will target that and any good brexit news will help achieve this as well. Next short term target £1.60 to break

[sundial1] 29/1/2019 09:38

Morning all,Any suggestions what Brexit vote will do to Voda share price.Better in,Or better out. vote tonight going through parliament.

[sundial1] 29/1/2019 09:38

Morning all,Any suggestions what Brexit vote will do to Voda share price.Better in,Or better out. vote tonight going through parliament.

[gaffer73] 29/1/2019 09:33

If that's the case they'll want it back to 180p

[gaffer73] 29/1/2019 09:02

They'll get them cheap too!

[montyhedge] 29/1/2019 09:00

The buyback program starts end of February. Less shares, so eps improve and they don't have to pay dividend on those shares when cancel.

[maddox] 29/1/2019 08:55

Hi philanderer, Which site are you using to get your broker updates? Do they have a summary of views? Regards Maddox