Vodafone Share Discussion Threads

[blackhorse23] 24/6/2024 13:41

Deutsche Bank issued Vodafone with 'buy' - rating last week , price target 140 pence , which is 100% upside from here

[grupo guitarlumber] 24/6/2024 13:30

Vodafone Group PLC
(
LSE:VOD
)
Vodafone a business that would never exist now, suggests broker

Published: 12:52 24 Jun 2024 BST


Vodafone might have exited its most difficult markets in Italy and Spain, but that does not make the investment picture much more appealing, according to analysts at Berenberg.

What is left is a hotch-potch of interests that would never be drawn up on a blank piece of paper, says the broker, but instead one that is a product of its history.

Vodafone is cheap, but that is not a big differentiator in the telecoms sector.

“With several quarters of poor growth ahead of it, we feel there is no urgency to turn more positive right now. “

Hold with a 78p target price is the Berenberg view.


First quarter will 'not look great'

Looking forward, Vodafone’s first quarter will not look great adds the broker.

“We worry about consensus expectations for the UK: We expect the growth of Vodafone’s Q1 revenues on 25 July to slow down, due to: 1) German cable-TV unbundling; and 2) consumer price index (CPI)-linked pricing in many markets resulting in lower price increases in April 2024 than April 2023.

First-quarter organic service revenue growth is forecast at 4.0% (consensus: +4.0%; Q4: +7.1%), including European service revenue growth of -0.5% (consensus: +0.8%; Q4: +2.4%).

This European slowdown is due to the UK and other businesses both experiencing much lower pricing tailwinds from CPI-linked pricing, says Berenberg, while Germany will start to be affected by cable-TV unbundling this quarter.

[rochdae] 24/6/2024 13:19

Socio
You said buy at 67p...now it's 74p?

[blackhorse23] 24/6/2024 12:19

500 million pounds buy back on going , has to finish by mid august

[socionomics] 24/6/2024 12:07

You should tag 74p this week (if not today).

[blackhorse23] 24/6/2024 12:03

Likely gradually go that direction, revenues & profitability is going up, multi billion assets selling will strength balance sheet & debt down, MORE BUY BACK TO COME , PAYS DIVIDENDS

[car1pet] 24/6/2024 11:01

140p would be nice sounds unlikely near term

[blackhorse23] 24/6/2024 09:52

Deutsche Bank reinitiates Vodafone with 'buy' - price target 140 pence

[blackhorse23] 24/6/2024 09:51

80p next stop

[dplewis1] 24/6/2024 08:17

Bharti Airtel in talks with Vodafone to buy 3% stake in Indus Towers

[1dirtysteve] 24/6/2024 01:18

Ok Curyman 🙄

[blackhorse23] 24/6/2024 00:27

From next week it should surge

[institutional investments] 22/6/2024 17:20

I enjoyed my time here but given I have to further use for getting trolled etc, it's time to do one

Adios little ones.

[institutional investments] 22/6/2024 17:18

Not to worry Judge. The penny will drop soon enough - like an atom bomb

[judge and executioner] 22/6/2024 17:17

II, i still do not think the penny has dropped as to why you have been here and everywhere else in different guises for a time.

[institutional investments] 22/6/2024 13:09

You win nothing crews. My time is just at optimal elsewhere. Silence is due to this only.

I will let the SEO masters take care of you all now, of which i am only too fkn happy to pay

adios

The II

[institutional investments] 22/6/2024 13:07

But that's changing rapidly now. Win Win all around as they say

[institutional investments] 22/6/2024 13:05

Old adage Rochdae

"It ain't what you know. It's if you can back the knowledge"

[institutional investments] 22/6/2024 13:00

GLA

Adios

[institutional investments] 22/6/2024 13:00

rochdae

yeah. The globe would agree with you. Just not the crews lol