Vodafone Share Discussion Threads

[davius] 14/5/2024 09:00

A lot to process there, but decent results overall. Yield currently 11% but will drop by half after this next dividend, which has to be more sustainable. UK performance holding up particularly well, and they'll have the 7.9% price increase from the end of March to give the revenue a boost. Also commercial energy prices have fallen significantly over the last year (our church contract is falling by a third in July) which will reduce costs.

I think VOD will likely see a slow recovery in share price

[portside1] 14/5/2024 08:58

Never give money to any charity Give the money direct to some one you know who needs help Millions claim for hand outs who are frauds like the charities

[laurence llewelyn binliner] 14/5/2024 08:56

4.5 Euro cents
XD 06.06.2024
Payday 02.08.2024

Share buybacks 2024
Share buybacks 2025

Thanks very much.. :o)

[chinese investor] 14/5/2024 08:51

I sense 80p !

Chinese Investor (VOD) 15 Mar '24 - 07:58
I sense 72p !

[diku] 14/5/2024 08:45

Markets held up by buy backs galore...new growth era...

[wendsworth] 14/5/2024 08:44

These results are very much in line. NO grubbers. CEO and Board clearly have a grip after years of drift.Market and corporate predators will like. Still waiting on decision as to a move out of 'the broken' London market?

[portside1] 14/5/2024 08:44

Only for a while making to much money

[watfordhornet] 14/5/2024 08:39

Not ex Divi yet so that will be reflected in SP

[diku] 14/5/2024 08:17

porty you are back?..

[portside1] 14/5/2024 08:16

To those that doubt my info never wrong

[winner31] 14/5/2024 08:14

Steady as she goes ,and we still have the. 4.5 c in August .

[gurunostradamus] 14/5/2024 08:14

“The Board has also approved a capital return through share buybacks of up to €2.0 billion of proceeds from the sale of Vodafone Spain. The Board anticipates the opportunity for further share buybacks of up to €2.0 billion following the completion of the sale of Vodafone Italy, which is expected in the first half of 2025.“

[pander45] 14/5/2024 08:09

Market positive so far.

[blackhorse23] 14/5/2024 08:00

Bad results

[blackhorse23] 14/5/2024 08:00

Operating profit decrease of 74.6% to €3.7 billion primarily reflects business disposals in the prior financial year, in particular the €8.6 billion gain on disposal of Vantage Towers

[waterloo01] 14/5/2024 07:28

Actually not that bad at all once you account for the below

Following the announcements of the sale of Vodafone Spain and Vodafone Italy, both are now treated as discontinued operations and FY23 is re-presented accordingly. See page 27

- Group revenue decreased by 2.5% to €36.7 billion due to the disposals of Vantage Towers, Vodafone Hungary and Vodafone Ghana in the prior financial year and adverse exchange rate movements

- Operating profit decrease of 74.6% to €3.7 billion primarily reflects business disposals in the prior financial year, in particular the €8.6 billion gain on disposal of Vantage Towers

[unastubbs] 14/5/2024 07:25

I'm finding the results hard to read, it's not my speciality! but it looks grim to me, plenty of brackets and minus signs. glad I only have a small amount here. hanging on for a bid seems the best way out of this mess of a share...

[davius] 13/5/2024 16:44

VOD unable to hold on to 70p. Again. A bit more on Vodacom from today...

Vodacom, a mobile network operator, has reported increased service revenue for the fiscal year ended March 31, 2024. Vodacom South Africa generated R61.6 billion ($3.36 billion), in service revenue, up 2.6% from the previous year. Vodacom revealed that R11.1 billion ($606 million) was invested in network resilience, new spectrum assets, and IT platforms. Previously, it invested R11.17 billion ($639 million) in 2022/23 and R11.15 billion ($628 million) the year before. Vodacom acknowledged reaching over 200 million customers, stating that the milestone occurred in a year when the company celebrated three decades of operation.

Vodacom stated that its Egypt acquisition, combined with South Africa's performance as its largest market, resulted in a 29.1% increase in the group's service revenue. Thus, Egypt now serves 48.3 million customers, up 6.2%. It saw a 10.9% increase in data customers, which led to a 41.8% increase in data traffic.

Consequently, Shameel Joosub, Vodacom Group CEO said, “We are encouraged by the meaningful steps taken by Egypt's government to support economic growth through foreign direct investment and foreign exchange liquidity. Pleasingly, the dividend declared by Egypt to the Group in the first half of the financial year was repatriated to South Africa in March 2024.”

Integrating new services, including the consumer contract segment and prepaid mobile data, fueled revenue growth. New services, including digital and financial, fixed and IoT, contributed 20.0% of group service revenue. In South Africa, new services increased by 11.2%, accounting for R10.2 billion ($556 million), or 16.6% of service revenue.

Its financial services customers increased by 11.8% to 78.9 million, with an annual transaction value of $381.2 billion.

“The 7.9% service revenue increase from financial services to R3.2 billion [$174 million] was largely driven by our insurance business and payments, while Airtime Advance remained an important enabler of digital inclusion,” the CEO said.

Furthermore, it reported a 10.8% drop in headline earnings of 846 cents per share (cps), impacted by events such as several start-up losses in Ethiopia, higher finance and energy costs, and lower exchange rates.

Safaricom reports $1.07 billion in earnings, surpassing market expectations
Vodacom's VodaPay concluded the period with 10.4 million downloads and 5.8 million registered users. Meanwhile, Vodacom announced in November 2023 that it would replace the My Vodacom smartphone app with VodaPay, its super app, early in 2024 to provide customers with a unified interface for interacting with Vodacom and its partner companies' services.

Besides, it intends to enable affordable connectivity through the proposed acquisition of a joint venture stake in Maziv, a South African fibre company. The transaction is pending review as of May 20, 2024.

Maziv stated in August 2023 that the Commission's recommendation to prevent the Vodacom acquisition does not end the merger process, and it will approach the Competition Tribunal to present information and make its case for the merger's approval.

Meanwhile, M-Pesa revenue increased by 21.4% across Vodacom's markets in the Democratic Republic of Congo, Lesotho, Mozambique, and Tanzania, accounting for 26.5% of international business service revenue.

[time 2 retire] 13/5/2024 16:24

The usual afternoon collapse!

[thunders] 13/5/2024 13:59

Monday: Vodacom Group Ltd. (VOD SJ), Africa’s largest wireless carrier, declared a full-year dividend that missed estimates even as revenue and operating profit grew by more than 20%.

[wendsworth] 13/5/2024 11:59

No upward share price price action in twelve months. Anticipate a move to 75p tomorrow on Finals. If these are positive then, following last week's 'green light', U.S telcos will make a move sooner rather than later. Looking to take out for 100p ..then slice and dice the assets. They've been 'running the rule' over VOD for some time. Elon Musk enterprise said to be interested previously.

[thunders] 13/5/2024 11:35

From Feb 2024 to today date this is 6th time price has risen to 70p!!!