Vodafone Share Discussion Threads

[pensionbull] 16/11/2021 10:03

Results are ok but dividend only maintained which with high inflation is not ok. Shares are up but will they drift down in the coming days.

[diku] 16/11/2021 09:48

Unfortunately the strategy and shareholder value is going in a round about way...







Another loss, lets call it EBITDAaL and that will make it a positive number, it's all smoke, mirrors and BS.

Apparently Vodafone has a strategy of growth and improving shareholder returns.

[diku] 16/11/2021 09:34

What chance some of these Telcos get hooked up with mega media companies...the days of telcos on their own outdated model...

[diku] 16/11/2021 09:26

Going for the sma200...

[waldron] 16/11/2021 09:25

TOP NEWS: Vodafone lifts guidance after "solid" first half showing

Tue, 16th Nov 2021 08:35
Alliance News

(Alliance News) - Vodafone Group PLC on Tuesday slightly raised its annual outlook after a first half revenue improvement, helped by decent trading in Germany, the Berkshire, England-based telecommunications firm's largest market.

Vodafone shares were 4.4% higher at 117.44 pence each in London on Tuesday morning, the best large-cap performer.

Vodafone lifted is adjusted free cash flow guidance, and also raised the lower end of its adjusted earnings before interest, tax, depreciation, amortisation and after leases range.

In the six months to September 30, revenue improved 5.0% year-on-year to EUR22.49 billion from EUR21.43 billion. Service

revenue alone was 2.8% higher annually at EUR19.01 billion.

Pretax profit, however, dropped 34% to EUR1.28 billion from EUR1.47 billion a year earlier. Vodafone posted EUR108 million in "other expenses", swinging from a EUR1.06 billion gain a year prior.

Adjusted Ebitda after leases - which doesn't include the 'other' charge - grew by 7.9% to EUR7.57 billion from EUR7.01 billion, a 6.5% rise on an organic basis.

Chief Executive Nick Read said the company saw "good sustainable growth and solid commercial momentum".

"Our strengthened performance in Africa and Europe puts us on track to be at the top end of our guidance for this year, as well as firmly within our medium-term financial ambitions," Read added.

Germany was the largest revenue contributor again. Revenue in Germany rose 1.2% year-on-year to EUR6.45 billion.

"Our commercial momentum started to improve during the second quarter, reflecting a gradual recovery in retail footfall, however it is still below pre-pandemic levels. We added 86,000 cable customers during the period, including 38,000 migrations from legacy DSL broadband," Vodafone said on its fortunes in Germany.

Vodafone left its dividend interim unchanged at 4.50 cents.

Vodafone narrowed its full-year adjusted Ebitda after leases guidance to EUR15.2 billion to EUR15.4 billion, the top end of its prior range of EUR15.0 billion to EUR15.4 billion. Adjusted free cash flow guidance was upgraded to at least EUR5.3 billion, from at least EUR5.2 billion.

Vodafone is also looking to EUR750 billion in European Union funding programmes, as part of the bloc's Recovery & Resilience facility.

"Of these grants, approximately 70% will be allocated to European Union member states in which Vodafone has an operating presence. These grants are planned to be 70% committed by the end of 2022. The range of funding presents a direct and indirect opportunity given that at least 20% of the total funding is planned to support the European Commission's digital transformation agenda," the company noted.

Vodafone added that it is "tracking the progress" of funding applications.

By Eric Cunha; [e-mail]

[veryniceperson] 16/11/2021 09:16

Good to see share price up.

[veryniceperson] 16/11/2021 09:15

Worked that out, but it's still climbing, need to stabilise it.

[spacecake] 16/11/2021 09:08

Definition - EBITDAaL

Adjusted EBITDAaL is operating profit after
depreciation on lease-related right of use assets and
interest on leases but excluding depreciation,
amortisation and gains/losses on disposal of owned
fixed assets and excluding share of resultsin equity
accounted associates and joint ventures, impairment
losses, restructuring costs arising from discrete
restructuring plans, other income and expense and
significant itemsthat are not considered by
management to be reflective of the underlying
performance of the Group.

[diku] 16/11/2021 09:01

If you want to please the market just raise the targets...the market will dance to that tune...whether it meets the new raised targets or over time massages it down who cares...

[dutch123] 16/11/2021 08:59

Back to £1.40 where we were before previous results..happy to add another 10k.

[spud] 16/11/2021 08:54

Vodafone raises its annual targets despite a decline in profit before tax in H1Source: Dow Jones NewsBARCELONA (Agefi-Dow Jones) - Vodafone on Tuesday announced a decline in its profit before tax in the first half of fiscal year 2021-2022, but the British telecommunications operator has raised its targets for the current fiscal year.Profit before tax for the six-month period ended September 30 reached 1.28 billion euros, compared to 2.05 billion euros a year earlier.Adjusted gross operating profit (EBITDA), which excludes exceptional items, came to 7.57 billion euros, up 6.5% on an organic basis.Second-quarter service revenue, which is the revenue from telecommunications services, fell 2.5%, following a 3.3% increase in the first quarter.First-half revenue increased to 22.49 billion euros from 21.43 billion euros in the corresponding period of 2020. Analysts polled by FactSet expected revenue of 22.34 billion. Billions of Euro's.For the 2021-2022 financial year, Vodafone now anticipates an adjusted EBITDA of between 15.2 billion and 15.4 billion euros, against a range of 15 billion to 15.4 billion euros announced at the end of July. The group expects adjusted free cash flow of at least 5.3 billion euros, against 5.2 billion euros previously anticipatedspud

[diku] 16/11/2021 08:46

If they hadn't done that debt would have been higher?...


veryniceperson16 Nov '21 - 08:13 - 3737 of 3739
0 0 0
They floated 20% of tower company to pay down debt. If they slash dividend anymore there not worth holding. But know where you're coming from.

[netcurtains] 16/11/2021 08:41

I sold - thanks colonelgrim. I only held share for 12 hours.
I should buy you a beer.

[bc4] 16/11/2021 08:38

Like what some people are talking LOL

[veryniceperson] 16/11/2021 08:13

They floated 20% of tower company to pay down debt. If they slash dividend anymore there not worth holding. But know where you're coming from.

[anony mous] 16/11/2021 08:10

Why edit your post because you did actually post . . .
looks like opening down?

[davius] 16/11/2021 08:05

That's put a smile on my face this morning.

[diku] 16/11/2021 08:00

looks like opening down or up?..

[diku] 16/11/2021 07:59

grim...the master...jack of all trades...

[wllmherk] 16/11/2021 07:59

Results seem ok to me at first glance, but, as others have mentioned rising debt levels are a concern, personally, I'd look to sell some parts of the company to reduce debt levels. I'm a holder primarily for income but raising debt to pay the dividend is not sustainable long term.

wllm :)

[netcurtains] 16/11/2021 07:58

Thanks colonelgrim - interesting take