Vodafone Share Discussion Threads

[chinese investor] 16/5/2024 07:29

The shareholder payout for full year 2024 (to 31 Mar) was left untouched at €0.09, but investors will get only half that in the current year, targeting a more sustainable dividend of €0.045 per share ‘with an ambition to grow it over time.’

[amelia airhead] 16/5/2024 07:07

Vodafone Group PLC on Wednesday said it began a share buyback program 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 program 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 program 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.

[blackhorse23] 16/5/2024 00:02

Vodafone Group PLC (LSE:VOD) reported a 75% decline in profits for the past year, as expected, but will halve its dividend going forward.

[chinese investor] 15/5/2024 18:37

My break even price (ignoring dividends) is 93p.

[chinese investor] 15/5/2024 18:33

NEW COMPETITION





Currently
76p


Astute Person
100p


Blackhorse
95p


Chinese Investor
93p


Denholm Elliott
88p


tahmin1a
85p






PeterBill
80p






chachacha
79p


barnes4
65p

[institutional investments] 15/5/2024 17:55

Well dont know about you lot, but ive got every potential addition and adjustment set for the future. See you all on the dark side of the moon

[institutional investments] 15/5/2024 17:53

78 would be a technical whoosh as its a trigger pricing

[veryniceperson] 15/5/2024 17:52

Every little helps!

[institutional investments] 15/5/2024 17:40

5 +close quarters coming here. Not seen for decades

[jibba jabber] 15/5/2024 17:36

It does when you're watching paint dry at 76.2 - 76.3!! Lol, Where's the buy back rns?

[gurunostradamus] 15/5/2024 17:14

From 76 to 78 doesn’t sound like a whoosh!

[institutional investments] 15/5/2024 17:11

A wave of money coming in here, in the next 7 days. Dunno which day but it will be 80s near instant on it

They will get sellers in the upper block and upgrade prices, to rally on from again

You could script the trend cycles now if you wanted

"A ghost trend forward" lol

[jibba jabber] 15/5/2024 16:00

Whoosh up to 78 would be welcome