Vodafone Share Discussion Threads

[davius] 18/3/2024 09:59

Correction, make that £35K down.

[jrphoenixw2] 18/3/2024 09:42

@Una^ I thought the same, +2.46mm, from his own pocket, not an award. Even for a FTSE CFO that's a chunk of cash.

[davius] 18/3/2024 09:08

And he's already twenty five grand down on the deal...

[lyceeuk] 18/3/2024 08:53

that's a big buy by the finance dir

[hardupfedup] 18/3/2024 07:26

Crickey he payed for them !!

[unastubbs] 18/3/2024 07:19

Big share purchase by the CFO last week. Encouraging.

[pander45] 16/3/2024 23:38

That volume is immense on Friday.

[blackhorse23] 16/3/2024 21:59

Long way to go. 2025

[veryniceperson] 16/3/2024 18:02

Brilliant, how did you know.

[mw16] 16/3/2024 17:49

Are you Jew!

[jrphoenixw2] 16/3/2024 15:16

VNP: 'in 3 years. I believe you could double your money.'

After having halved both the share price and dividend over the past two years alone, my thoughts are less positive.

Meanwhile I just wanted to briefly note something else, a gap formed on Friday.
Thursday close: 66.09
[Edit/Add]: Open / Last close [Friday]: 67.56 / 69.85
Friday Hi/Lo: 70.93/67.50
Gap = 66.09 > 67.50

Prices^ directly from the London Stock Exchange website.

[planit2] 16/3/2024 07:58

Italy and Spain are gone with or without the buybacks.

Sorry, I was not trying to make an analysis of the whole divestments.

Large buybacks on very under-priced shares are a good idea. Interest rates falling would be helpful.

On the downside the buybacks might not start for a while and only total $2bn.

[unastubbs] 16/3/2024 06:20

Analysis The Times

At the turn of the millennium, Vodafone adverts featured a youthful David Beckham sending pictures of his sunny new home in Madrid to his England team-mates sitting in a rainy tent on what now looks like a museum-piece phone (Katie Prescott writes). During those heady early days of mobile, the demand for connectivity was insatiable and it showed in the numbers. In March 2000, the height of the internet bubble,Vodafone̵7;s share price was about 526p. Today it languishes at 68p. After years of bosses trying to revitalise Vodafone, it looks like Margherita Della Valle, its latest chief executive, may have turned a corner. The sale of the company’s Italian division and the announcement of a windfall for shareholders is the culmination of her promise to slim down the business. The share price boost shows just how much investors have welcomed this and her prudent decision to cut future dividends. Only a year after taking over, Della Valle, 58, has fulfilled her promise to dispose of chronically under-performing assets in Spain and Italy, as well as firing the starting gun on a merger with Three in Britain. Yet the latest announcement gives with one hand and takes away with the other. The kicker for those who follow the company closely was news from the German division, which makes up almost a third of the group’s services revenue. The replacement of the Germany chief executive, who was put forward only two years ago as a saviour for the division, is a flashing red light that the business continues to limp painfully along. The question now is: what can realistically be done about it? In addition, there remains a question mark over whether the Three deal will pass the competition watchdog’s scrutiny. Away from European markets and in the hunt for growth, Della Valle, a Vodafone lifer and former chief financial officer, has said that Africa and business customers are firmly in her sights. Is this strategy the silver bullet that will return Vodafone to its former glory? It is too early to say, but the company is more focused and agile than it was.

[unastubbs] 16/3/2024 05:54

will eps really rise by 25%? have you factored in the lower revenues with spain and italy gone from the equation?

[planit2] 15/3/2024 22:04

The maths is pretty good on this buyback, $4bn is 20% of outstanding shares if they could do it without rising the share price.

EPS would rise by 25% making the odds of a 2026 rise in the dividend much higher.

If the share price rises due to the buybacks, surely this would be good in any case.

[dig and sell] 15/3/2024 20:37

The FY24 interim dividend of 4.5c was paid on 2 Feb 2024. The FY24 final dividend of 4.5c will be declared on 14 May with the FY24 results and paid on 2 Aug 2024. Then we are into FY25 with the rebased dividend.

[isis] 15/3/2024 19:52

I read this as they will pay the full 9c this year and halve it next year:-

' FY24 total ordinary dividend expected to be maintained at 9.0c per share and ordinary dividend to be rebased to 4.5c per share from FY25 onwards'

This is 2024

[weatherman] 15/3/2024 19:20

No doubt the board with its MBAs has decided that the cost of debt is less than the cost of shares - so they use the funds to buy back shares, not to pay down debt. But the market places a black mark against too much debt and devalues the share price. In my view, they should reduce debt, keep the dividend elevated, and the share will be revalued. They may be good business number crunchers, but they don't seem to think like investors.

[veryniceperson] 15/3/2024 19:16

A brilliant statement. Share buybacks, cut in dividends, and debt reduction should save a massive amount of money. Buy some shares and tuck em under the bed and have a peak in 3 years. I believe you could double your money. They might even get the tie-up with 3 UK. It could be the turnaround we've been waiting for.

[mw16] 15/3/2024 18:17

Next stop 66pA farmer will fart in a field in Africa and it will shudder vod to it's boots

[curriedquaker] 15/3/2024 18:10

It would appear that all the bad news is now on the table. If so we may have seen the bottom, in relative terms, therefore a re-rating could be in the cards. It may take a few years, 2 or 3 to get us back above £1.25 but I think VOD is a good recovery play.

[veryniceperson] 15/3/2024 18:08

Vodafone confirms sale of Italian unit with £3.4bn set to be returned to investors https://mol.im/a/13201265 via https://dailym.ai/androidDividend information