Vodafone Share Discussion Threads

[institutional investments] 15/5/2024 12:06

Anyone done any work on SYNT at all? i just cant do it today but seems good pricing

[institutional investments] 15/5/2024 11:32

In essence, they protected your capital with that call. very good. Well, theirs

[institutional investments] 15/5/2024 11:28

had to cut it to a reasonable rate re the requested rate by funds via printed yield forwards forecasts aggregate

it looks sane now at a good price instead of like a nutter

[drjames17] 15/5/2024 11:23

Keep up the good

[blackhorse23] 15/5/2024 11:04

Dividend cut by 50%

[institutional investments] 15/5/2024 10:57

isnt it interesting though, they put it just above the block? Do you know why?

[institutional investments] 15/5/2024 10:56

That was nice of them. Wonder where they got that price from lol

[davius] 15/5/2024 10:55

Barclays raises Vodafone price target to 85 (80) pence - 'equal weight'

[institutional investments] 15/5/2024 10:47

I would class myself a flexible trader, a hybrid

Every first entry is a trade. Then market decides if its going to be an investment at point B

it's always best to embrace all sides, especially the dark side

Later

II

[institutional investments] 15/5/2024 10:44

And take it away too lol

[institutional investments] 15/5/2024 10:44

Seems to bge a lot of disdain for traders in some places. Dudes, without them, investments can never move

have a bit of respect. It is they that make investors money

[davius] 15/5/2024 10:33

The Drivel Meister (aka Institutionalised Loony) in full flow today then...



Vodafone Group PLC on Wednesday said it began a share buyback programme of up to EUR500 million, a day after saying it would begin a wider EUR2.0 billion scheme following Spanish authorities giving the green light to the planned sale of its Spanish business.

The Newbury, Berkshire-based telecommunications provider said the programme would begin today and end no later than August 15. Morgan Stanley will conduct the buybacks on Vodafone's behalf.

Shares in Vodafone were up 4.7% to 76.70 pence each in London on Wednesday morning.

Vodafone said on Tuesday that it planned to conduct the programme as an initial tranche of returning EUR2.0 billion to shareholders over 12 months.

This was after Spanish authorities greenlit its planned sale of Vodafone Spain to Zegona Communications PLC, which is expected to complete at the end of May.

At that time, Vodafone will receive EUR4.1 billion in cash and EUR900 million in the form of redeemable preference shares.

Zegona said the acquisition is classified as a reverse takeover under listing rules and it has applied for the around 704.1 million Zegona shares to be re-admitted to the standard listing segment of the Official List and to trading on the Main Market of the London Stock Exchange.

Zegona is led by former Virgin Media executives and has bought and sold two Spanish telecoms businesses, Telecable and Euskaltel, in the past.

Under the sale agreement, Vodafone and Zegona also will enter into a brand licence agreement, which permits the use of the Vodafone brand in Spain for up to 10 years post-completion. Vodafone and Zegona will enter into other transitional and long-term arrangements for services including access to procurement, internet of things, roaming and carrier services.

Zegona said it will fund the acquisition through a combination of new debt, Vodafone financing, and a new equity raise.

Shares in Zegona were up 0.9% to 235.10p each in London on Wednesday morning.

Earlier Tuesday, Vodafone reported results for the year to March.

It said pretax profit fell 88% to EUR1.62 billion from EUR13.07 billion the year prior.

Vodafone said this primarily reflects business disposals in the prior financial year, in particular the EUR8.6 billion gain on the disposal of Vantage Towers.

Revenue declined by 2.5% to EUR36.72 billion from EUR37.67 billion a year prior, reflecting the disposals of Vantage Towers, Vodafone Hungary and Vodafone Ghana in the prior financial year and adverse currency movements.

Group service revenue increased by 6.3% to EUR29.91 billion from EUR30.32 billion, with Europe, Africa and its Business division all growing, Vodafone said.

Earnings per diluted share fell to 4.44 euro cents down from 43.51 cents.

Vodafone declared an unchanged total dividend 9.0 cents per share, including a final dividend of 4.5 cents.

[institutional investments] 15/5/2024 10:23

here is a simple version. Can play with those near term prices. Cant be here for the later ones

GL

[institutional investments] 15/5/2024 10:18

Well free run to high 81s if sorts out this price

[institutional investments] 15/5/2024 09:15

Thats going to make you more than any pondering about what the funds long decided anyway

have a good weekend, when it arrives

[institutional investments] 15/5/2024 09:14

After 77.04 plays out of course

[institutional investments] 15/5/2024 09:14

To summarize al that..the intention seems to be 82s/83s holding the div pay.

buying or adding wherever suits you 77s or otherwise, seems wise

[institutional investments] 15/5/2024 09:10

if it does not mess about at 77s for a while, then 82s+ for div pay day

[institutional investments] 15/5/2024 09:09

I think the funds are looking at 77.5s to add so if right, they woulds be expecting div pay share price to be trading 80s post a cut. Seems a lot but seems how it is

[institutional investments] 15/5/2024 09:02

or even do it for 82s/83s, be one or the other

[institutional investments] 15/5/2024 09:01

I think they will take this well up and 77s will stay supporting after yield day. then boom

[veryniceperson] 15/5/2024 09:01

I do believe they are paying some of the debt aswell. I think 4 billion was mentioned.