Vodafone Share Discussion Threads

[wendsworth] 12/11/2024 15:48

There are no words to describe the current scenario...where logic goes out the window .... save to say the FTSE has become totally un-investable.

[trying2trade] 12/11/2024 15:20

A bad day to post mediocre results.

[laurence llewelyn binliner] 12/11/2024 14:55

Not unusual for results to be sold regardless, but 5 pence is harsh, the numbers showed improvements, Germany has struggled for years and no surprises there, an ugly sell off day on the wider markets..The Labour debt loaded budget going down like a lead balloon as Gov borrowing peaks near 4.5%.. (so far)..

[diku] 12/11/2024 14:29

Because mag 7 have cornered the market...

[philanderer] 12/11/2024 14:25

Agree justice. UK market is royally screwed .

[justiceforthemany] 12/11/2024 13:49

On analysis results not bad IMO and it's the usual short selling of FTSE stocks.
Germany in Q2 performed better than Q1.
Italy sale nets 8 billion Euros.
Net debt will be down to 24Bn EUR, so debt to EBITDA will drop to just over 2x.
This is far better than any other Telco.
Also all other areas other than Germany are growing.
P/E just 10x also.
Historical 20x

[philanderer] 12/11/2024 13:31

The telecommunications titan declared an interim dividend of 2.25 euro cents per share, down 50% on-year, and said it expects a slowdown in its German market.

However, for the first half it said revenue grew 1.7% to €18.28 billion while pretax profit more than doubled to €2.11 billion.

‘Vodafone may be writing off the current financial year as one of transition but it‘s a message shareholders have received a lot in recent years and patience is wearing thin,’ AJ Bell’s Russ Mould warned.

[waterloo01] 12/11/2024 12:57

Odd reaction. They announced the new divi back in May, so hardly new.

Following the right-sizing of the portfolio as a result of the sale of Vodafone Spain and Vodafone Italy, the Board has determined to adopt a new rebased dividend from FY25 onwards. The Board is targeting a dividend of 4.5c per share for FY25, with an ambition to grow it over time. The new dividend has been set at a sustainable level, which ensures appropriate cash flow cover and sufficient flexibility to invest in the business for growth. 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.

[dplewis1] 12/11/2024 12:47

Incoming CEOs don't get a handbook for reviving a struggling company. But if they did, it would probably say something like: sell off or merge subscale businesses to focus on core markets, while being honest with investors about the scale of the task at hand. This has roughly been Margherita Della Valle's approach since she took over Vodafone on a permanent basis 18 months ago, yet the group's shares have trailed those of rivals. It all comes down to Germany.Della Valle, a former finance chief at the 22-billion-euro telecom group, went on an overdue M&A spree after taking the top job early last year. She struck a long-awaited merger with CK Hutchison's UK unit Three, agreed to sell the company's Spanish division, and this year offloaded Italy. The effect has been to focus on the key German market, which makes sense in theory, but has backfired in the short term given a deterioration in that business. Vodafone has been warning that a Teutonic law preventing landlords from bundling TV bills with rental costs, which went into effect in July, would prove problematic.And so it has. Revenue in the German unit fell 6% year-on-year in the most recent quarter. After a 6% share-price fall on Tuesday, the company's stock is down by a quarter since Della Valle's permanent appointment in April 2023, compared with a 6% rise for the STOXX Europe 600 Telecom Index. Vodafone trades at 10 times forecast earnings over the next 12 months, according to Visible Alpha, compared with European rivals' average multiple of 12.6.The question is how quickly Vodafone can start growing again in Germany. Della Valle is hoping to do so at some point in the next financial year, which ends in March 2026. She'll get a lift from an influx of new mobile customers thanks to a deal with smaller peer 1&1, which will eventually see 11 million customers move to Vodafone's 5G mobile network. Sustaining the momentum may be tough. Rival Deutsche Telekom is ramping up its rollout of full-fibre broadband across Germany, which could boost competition in the market for superfast internet.Shedding the Germany discount could be worth a lot to Della Valle. Closing the price-earnings gap with rivals would boost the shares by roughly a third, based on Breakingviews calculations. The benefits of future cost savings from the UK merger could add a further boost over time. Della Valle has played a bad hand well at Vodafone, but the payoff will take a while to show up.

[roguetraderuk] 12/11/2024 12:28

i said once they cut the dividend that it should put a floor under the shares. i didnt keep any after the bounce because i wasnt sure about the german sub. its now a bigger part of the pie and the corporate news in germany seems to be getting worse. im not sure you can blame all of this weakness on unbundling of tv packages. just today the zew conf survey showed further declines and with an upcoming election in feb you may well see folks holding off on decisions until then.

[onehanded] 12/11/2024 11:42

Could be a buy soon as another tench of buybacks to be announced. Watching not bought yet… sale going through early 2025

[barnes4] 12/11/2024 11:27

Why is the outfit wasting money on buying back shares?

It is having zero effect!!

[philanderer] 12/11/2024 11:26

Yep it's boll*xed

[aibot5574] 12/11/2024 11:22

The evil play continues here; no problem especially at this merger junction…

[purplerain2] 12/11/2024 10:51

Divi nearer 6%

[1ultimate] 12/11/2024 10:09

ZEGONA Communications - ZEG

Non-Exec Director bought 54,399 (£174,076.80)

[thunders] 12/11/2024 10:05

This can not stay below 70p! Institute will be allover. Think about 8% return!

[jubberjim] 12/11/2024 09:53

More smoke and mirrors

What is it with these companies and us investors that we are so easily taken in

Will look if it should go to 60 level

Be good

[thunders] 12/11/2024 09:32

Vodafone Group PLC (LSE:VOD) has kept its full-year outlook unchanged but halved its interim dividend as the approval processes for major transactions in the UK and Italy near a conclusion.

The telecoms giant grew service revenue 1.7% to €15.1 billion, or 4.8% on an organic basis in the first half of the year.

Service revenue in the second quarter of €7.64 billion was in line with expectations.

Adjusted earnings (EBITDAaL) grew 3.8% to €5.4 billion. The interim dividend was cut to 2.25 euro cents, down from 4.5 cents a year ago, while the second €500 million tranche of its last buyback is "almost complete".

[action] 12/11/2024 09:27

I am buying on each dip and still FTSE is not turning the corner.. hence not buying this anymore ..

[action] 12/11/2024 09:26

Usa is in different planet than rest of the world.