Vodafone Share Discussion Threads

[isis] 15/11/2024 01:14

Yeah but look at the Banks -
Do what ya Brain says not analyst Bolox

[diku] 14/11/2024 22:44

All these lower of price targets...100p is becoming rear view mirror...another FTSE company probably never see 100p again...or not for good while...Lloy is another...

[whitehunter] 14/11/2024 19:32

I hold shares in at least 4 companies doing buybacks and there has been zero value to me as a holder on any of these companies. I consider it to be a complete waste of money when nearly all these companies are debt burdened. To me the people deciding that is the best thing they can do (with vast amounts of cash in Vodafone’s case) are devoid of vision and should be sent packing.

[justiceforthemany] 14/11/2024 13:12

Progressive dividend growth was also mentioned in the report this week.

[philanderer] 14/11/2024 10:47

DZ Bank cuts fair value for Vodafone to 70 (75) pence - 'hold'

[dplewis1] 14/11/2024 10:31

Yes I read the same. They've ditched GS and gone with Citi this time (think the first one was MS) so I guess they are keeping their syndicate banks happy. I disagree that buybacks are a waste of time - the CFO has a number of tools at his disposal, once the debt/ebitda ratios are on target he can either increase divi or do a buyback to return money to shareholders. Buybacks are good as they can be scaled up or down quickly

[davius] 14/11/2024 09:26

I believe this marks the third 500m buyback, with one more to go which will start after this one completes early 2025. Then of course after the Italy sale completes they'll be another 2bn of buybacks through next year and probably into 2026.

On completion shares in issue should be 15-20% lower, the dividend thus 5.4c (up from 4.5c) with the yield at 69p being 6.5%.

[nilla159] 14/11/2024 09:17

Share Buybacks are the Greatest waste of shareholders monies Known to investing.
These incompetents should No1,reduce Debt as much as possible No2,reduce Debt even more than No1.If then there is money left invest it within the business.Any excess profits should be paid to the Shareholders as Dividends.If the board do not understand this they should be sacked and or the company Sold, its that Simple.

[onehanded] 14/11/2024 08:48

At some stage these buybacks will have an upwards effect though probably not till into 2025. Expect some of the bigger institutions are slowly building…

[diku] 14/11/2024 08:45

If VOD gets to 63p again then I think BT will retest 105p again if figures are not as expected or hint of slowdown...

[diku] 14/11/2024 08:43

Buy back with one hand...issue shares with the other hand...going round on a round about...

[estienne] 14/11/2024 08:38

About 725 Million shares

[dplewis1] 14/11/2024 08:07

So another 500m buyback .. crikey. Talk about 'averaging down' !

[diku] 13/11/2024 18:48

But doesn't that depend on the qty over lap between the 2...

[spacedust] 13/11/2024 15:41

Yip. It's like saying at present a couple live in 2 separate houses. Pay 2 mortgages 2 council tax and bills and insurance.

The couple get married and live in one house. Thr costs are reduced.

[davius] 13/11/2024 14:50

I think that's one of the points of the merger, the same amount of upgrade spend but spread over the enlarged Vod/Three, rather than each of them spending billions to upgrade their networks individually. E.g. one new 5G tower in a specific area rather than two.

[diku] 13/11/2024 14:28

Talking of these mergers...surely investment in infrastructure will be required...who is going to pay for it?...shareholders?...

[davius] 13/11/2024 13:42

Good to see VOD taking advantage of high volume days to buy back larger numbers of shares at reduced prices. 15.8m at 68.58p costs rather less than the 28.8m at 72.04p a few days ago. If the share price lingers around the current level then the next buyback after the Italy sale will reduce shares by something like 9%.

I doubled up today 67.75p. I feel that formal approval of the Vod/Three merger will give us a bit of a boost. On a personal note we have Vod as our Broadband provider I'm with Three for my mobile contract...

[32v31today] 13/11/2024 11:30

Do you know how they've priced the merger? (Will /won't /might happen). Presumably another reprice in a few weeks?

[ricardo montalban] 13/11/2024 11:19

Wow the buybacks here worked well😂㈳4;🤡🤡 Terminal expect .50p in next sell off.

[isis] 13/11/2024 11:18

Fez's :-))

[keyno] 13/11/2024 11:00

What are small hats, mw16?

[davius] 13/11/2024 10:05

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