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VOD Vodafone Group Plc

75.68
0.44 (0.58%)
Last Updated: 09:26:35
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vodafone Group Plc LSE:VOD London Ordinary Share GB00BH4HKS39 ORD USD0.20 20/21
  Price Change % Change Share Price Shares Traded Last Trade
  0.44 0.58% 75.68 9,256,065 09:26:35
Bid Price Offer Price High Price Low Price Open Price
75.66 75.70 75.68 74.52 75.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Radiotelephone Communication EUR 36.72B EUR 1.57B EUR 0.0580 12.95 20.34B
Last Trade Time Trade Type Trade Size Trade Price Currency
09:26:35 AT 6,269 75.68 GBX

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Date Time Title Posts
22/5/202407:04*** VODAFONE ***57
22/5/202407:01Vodaphone - 5G Into The Blue 8,421
16/5/202410:46VODAFONE - TARGET OF 65P392
14/5/202411:34Vodafone - Charts & News3,319
13/10/202313:07OCTESTING1

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Vodafone (VOD) Most Recent Trades

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Vodafone (VOD) Top Chat Posts

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Posted at 22/5/2024 09:20 by Vodafone Daily Update
Vodafone Group Plc is listed in the Radiotelephone Communication sector of the London Stock Exchange with ticker VOD. The last closing price for Vodafone was 75.24p.
Vodafone currently has 27,078,384,895 shares in issue. The market capitalisation of Vodafone is £20,373,776,795.
Vodafone has a price to earnings ratio (PE ratio) of 12.97.
This morning VOD shares opened at 75p
Posted at 16/5/2024 07:07 by amelia airhead
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.
Posted at 15/5/2024 10:33 by davius
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.
Posted at 14/5/2024 09:50 by tuftymatt
At circa 5%, if interest rates do come off by .5% in the next 6 months, it's not a bad divi coupled with a bit of share price growth too.

That's been the issue here in recent years, good divi / poor share price, so can it finally turn that element around???

I hope so but would not be a buyer just for the divi on offer.

Good luck all 👍🏻
Posted at 13/5/2024 16:44 by davius
VOD unable to hold on to 70p. Again. A bit more on Vodacom from today...

Vodacom, a mobile network operator, has reported increased service revenue for the fiscal year ended March 31, 2024. Vodacom South Africa generated R61.6 billion ($3.36 billion), in service revenue, up 2.6% from the previous year. Vodacom revealed that R11.1 billion ($606 million) was invested in network resilience, new spectrum assets, and IT platforms. Previously, it invested R11.17 billion ($639 million) in 2022/23 and R11.15 billion ($628 million) the year before. Vodacom acknowledged reaching over 200 million customers, stating that the milestone occurred in a year when the company celebrated three decades of operation.

Vodacom stated that its Egypt acquisition, combined with South Africa's performance as its largest market, resulted in a 29.1% increase in the group's service revenue. Thus, Egypt now serves 48.3 million customers, up 6.2%. It saw a 10.9% increase in data customers, which led to a 41.8% increase in data traffic.

Consequently, Shameel Joosub, Vodacom Group CEO said, “We are encouraged by the meaningful steps taken by Egypt's government to support economic growth through foreign direct investment and foreign exchange liquidity. Pleasingly, the dividend declared by Egypt to the Group in the first half of the financial year was repatriated to South Africa in March 2024.”

Integrating new services, including the consumer contract segment and prepaid mobile data, fueled revenue growth. New services, including digital and financial, fixed and IoT, contributed 20.0% of group service revenue. In South Africa, new services increased by 11.2%, accounting for R10.2 billion ($556 million), or 16.6% of service revenue.

Its financial services customers increased by 11.8% to 78.9 million, with an annual transaction value of $381.2 billion.

“The 7.9% service revenue increase from financial services to R3.2 billion [$174 million] was largely driven by our insurance business and payments, while Airtime Advance remained an important enabler of digital inclusion,” the CEO said.

Furthermore, it reported a 10.8% drop in headline earnings of 846 cents per share (cps), impacted by events such as several start-up losses in Ethiopia, higher finance and energy costs, and lower exchange rates.

Safaricom reports $1.07 billion in earnings, surpassing market expectations
Vodacom's VodaPay concluded the period with 10.4 million downloads and 5.8 million registered users. Meanwhile, Vodacom announced in November 2023 that it would replace the My Vodacom smartphone app with VodaPay, its super app, early in 2024 to provide customers with a unified interface for interacting with Vodacom and its partner companies' services.

Besides, it intends to enable affordable connectivity through the proposed acquisition of a joint venture stake in Maziv, a South African fibre company. The transaction is pending review as of May 20, 2024.

Maziv stated in August 2023 that the Commission's recommendation to prevent the Vodacom acquisition does not end the merger process, and it will approach the Competition Tribunal to present information and make its case for the merger's approval.

Meanwhile, M-Pesa revenue increased by 21.4% across Vodacom's markets in the Democratic Republic of Congo, Lesotho, Mozambique, and Tanzania, accounting for 26.5% of international business service revenue.
Posted at 11/4/2024 13:54 by davius
Diku, the buybacks to date have been to avoid dilution in respect of convertible loans, they buy shares to compensate for those used. The upshot is no difference in the shares available.

The new buy back, when it begins, is intended to reduce the overall shares in issue, so should, in theory, have an impact on the share price. I'm also in ITV, LLOY and (lately) DWL, all of which are in the midst of significant buy-backs and all seeing an impact on the share price
Posted at 19/3/2024 17:50 by davius
Stockwatch: is it time to buy Vodafone shares?

Vodafone’s finances can look worrying, but analyst Edmond Jackson likes the investment case and believes this director’s share buying is too big to ignore.

19th March 2024 12:26

by Edmond Jackson from interactive investor

Share trading by a chief financial officer (CFO) can be the most pertinent to watch given they are closest to company finances, and not being as well paid as a CEO, may mean exercising greater care.

Many director dealings announcements nowadays involve non-executive directors given executives have substantial share option schemes, although such purchases can be to comply with contractual obligations that they hold a certain amount of shares rather than a reaction to value offered.

So it is an eye-popper how Luka Mucic, the CFO of Vodafone, has spent over £1.7 million on shares in the company at 69.6p. It is the biggest share purchase by a CFO I have ever seen. For context, page 191 of the 2022 annual report cites £7 million total annual director remuneration by way of salaries and incentive schemes. It would have been far better to show what each director gets by way of remuneration elements, but still implies he could have staked at least three years of his after-tax income in this deal.

In most situations, such a buy would have electrified interest, but it is a reflection of current jaundice towards telecom stocks, how Vodafone Group slipped nearly 4% yesterday to close at 67.6p. Indeed, BT Group fell the exact same amount to 105p. In early dealings today, the erosion continued.

It raises stark questions about pricing of FTSE 100 stocks which you would assume is reasonably efficient. Yet the market is trending opposite to what a CFO implies, screaming value. In one of his annual reports, Warren Buffett has written words to the effect: “A stock that is large and widely followed can be the more irrationally valued.”

Is market right or wrong with Vodafone shares near all-time low?
Its current level is just above the 63p multi-decade low seen just a month or so ago, albeit well down on highs of over 200p in 2014 to 2017. You could regard the chart as potentially in the early stage of building a support level, but this is not in place and a bullish “bowl” formation would be some way off, for what chart folklore is worth.

If consensus forecasts are at all credible, the dividend yield is currently just over 11% based on a payout of 9 euro cents for the year ended 31 March 2024, and about 5.7% based on the planned halving of the dividend for the current financial year.

In principle, this not only looks a highly attractive yield but, if by any means realistic, implies the stock also at some point will rise. In practice, it flags perception of high financial risks and many investors have been attracted to Vodafone’s yield, then suffered paper losses.

Last November’s interim results to 30 September portrayed a declining dynamic with a 4% reduction in revenue but 44% drop in operating profit to €1.7 billion (£1.4 billion) - classic “operational gearing”. Higher interest rates on €58 billion of net debt then whittled pre-tax profit down by 67% to €550 million and to a net loss after a €705 million tax charge. The only positive being that tax authorities have taken a higher view of profit.

An uneasy income statement continued into the cash flow profile, where investment took €3.8 billion of €5.5 billion generated from operations, down 12%. Some €5.5 billion then justifiably went on repaying borrowings, €1.1 billion on interest and nearly €1.4 billion on various dividends. The total financing outflow was € 6.4 billion and net cash outflow €4.6 billion. So, while the recent dividend policy has been possible, the market has perceived it as not necessarily prudent.

Vodafone - financial summary
Year end 31 Mar

2016 2017 2018 2019 2020 2021 2022 2023
Revenue (€ million) 49,810 47,631 46,571 43,666 44,974 43,809 45,580 45,706
Operating margin (%) 2.7 7.8 9.2 -2.2 9.1 11.7 12.8 31.3
Operating profit (€m) 1,320 3,725 4,299 -951 4,099 5,129 5,813 14,296
Net profit (€m) -5,405 -6,297 2,439 -8,020 -920 59.0 2,237 11,838
Reported EPS (euro cents) -20.3 -7.8 15.8 -16.2 -3.1 0.2 7.7 42.6
Normalised EPS (cents) -18.0 -9.8 16.3 -6.7 -7.9 2.6 8.3 13.0
Ops cashflow/share (cents) 53.7 50.8 48.8 47.0 59.1 58.0 62.1 65.0
Capex/share (cents) 52.0 31.7 29.3 29.5 25.8 29.1 31.1 33.2
Free cashflow/share (cents) 1.7 19.2 19.5 17.5 33.2 28.9 31.0 31.8
Dividend/share (cents) 14.4 14.8 15.1 9.2 8.9 9.2 9.0 8.9
Earnings cover (x) -1.4 -0.5 1.1 -1.8 -0.4 0.0 0.8 4.8
Return on capital (%) 1.0 3.3 4.0 -0.8 3.0 4.1 4.8 11.8
Cash (€m) 18,259 14,955 13,469 26,649 20,646 14,980 15,427 18,722
Net debt (€m) 38,793 31,314 29,512 26,306 54,279 52,780 54,665 47,668
Net asset value (€m) 83,325 72,200 67,640 62,218 61,410 55,804 54,783 63,399
Net asset value/share (cents) 314 271 254 228 229 198 193 235
Source: historic company REFS and company accounts

Yet confirmation on 15 March of the sale of Vodafone Italy to Swisscom for €8 billion upfront cash implies the balancing act stands a fair chance of continuing, versus nearly €2.5 billion going out as dividends – based on the 9 cents per share annual payout - with $4 billion said to be returned to shareholders via buybacks.

Obviously, disposals are no enduring prop, the underlying trajectory of operations is vital. A 5 February trading update in respect of Vodafone’s third quarter to end-2023, cited organic growth of 4.7% despite disposals meaning a slight 1.4% slip in reported revenue. It was reassuring how 14 out of 17 markets were said to be growing.

Nods to modernisation were made by way of Cloud and Internet of Things services growing over 20%, probably small in an overall context. “We’ve also begun strategic partnerships with Microsoft and Accenture to fast-track our transformation,̶1; it said.

Germany edged slightly better, with both reported and organic growth up 0.3% to near €2.9 billion. Yet there appears unease in the market about how this division constitutes a quarter of group revenue and its chief executive of two years is being replaced. Frets also exist about whether a merger with Three in the UK will pass regulatory scrutiny.

The shares do however look to price in much of this distress. If consensus for around €2.0 billion net profit in the current year to 31 March is fair, the forward price/earnings (PE) ratio is around 9x, although it’s unclear quite how realistic is the €2.4 billion profit targeted for March 2025.

With 75% of €61.6 billion net assets constituting goodwill/intangibles, €15.2 billion net tangible assets imply 48p a share – assets ultimately being worth what they can earn.

Significant uncertainty is involved here but my sense is that the CFO thinks this works more in his favour – to grasp substantial Vodafone equity at its current price, despite its "falling knife" semblance.

If fundamentals were deteriorating to an extent that it leaves equity value exposed, hedge funds would be over Vodafone like a rash. But you have to go back to 2022 to find any. Marshall Wace, which I tend to regard as a benchmark for well-judged short-selling, went below 0.5% exposure in autumn 2021. Who knows if it is still short?

BT, by comparison, has nearly 2.6% of its share capital out on loan, with AKO Capital having edged over 0.9% on 7 March, while the Canada Pension Plan Investment Board stayed flat at 0.5% and BlackRock, also Kintbury Capital, trimmed theirs slightly below 0.6%. Those are still substantial shorts for a £10 billion company and, as of last September, none were disclosed. To an extent they will be taking a view on telecoms besides BT specifically.

For me, the sheer scale of this director buying – and it being the CFO – tilts me towards a sense that the shares have fallen to a level where risk/reward has become attractive. Sentiment is too dire versus Vodafone’s underlying dynamic.

Obviously, most of us do not have the income base of senior telecoms bosses should things not turn out as hoped. But this trade looks an indicator to consider averaging in. Buy.
Posted at 16/3/2024 06:20 by unastubbs
Analysis The Times

At the turn of the millennium, Vodafone adverts featured a youthful David Beckham sending pictures of his sunny new home in Madrid to his England team-mates sitting in a rainy tent on what now looks like a museum-piece phone (Katie Prescott writes). During those heady early days of mobile, the demand for connectivity was insatiable and it showed in the numbers. In March 2000, the height of the internet bubble,Vodafone̵7;s share price was about 526p. Today it languishes at 68p. After years of bosses trying to revitalise Vodafone, it looks like Margherita Della Valle, its latest chief executive, may have turned a corner. The sale of the company’s Italian division and the announcement of a windfall for shareholders is the culmination of her promise to slim down the business. The share price boost shows just how much investors have welcomed this and her prudent decision to cut future dividends. Only a year after taking over, Della Valle, 58, has fulfilled her promise to dispose of chronically under-performing assets in Spain and Italy, as well as firing the starting gun on a merger with Three in Britain. Yet the latest announcement gives with one hand and takes away with the other. The kicker for those who follow the company closely was news from the German division, which makes up almost a third of the group’s services revenue. The replacement of the Germany chief executive, who was put forward only two years ago as a saviour for the division, is a flashing red light that the business continues to limp painfully along. The question now is: what can realistically be done about it? In addition, there remains a question mark over whether the Three deal will pass the competition watchdog’s scrutiny. Away from European markets and in the hunt for growth, Della Valle, a Vodafone lifer and former chief financial officer, has said that Africa and business customers are firmly in her sights. Is this strategy the silver bullet that will return Vodafone to its former glory? It is too early to say, but the company is more focused and agile than it was.
Posted at 15/3/2024 07:33 by simon8
yup, halved divi for 2025, guess was inevitable given company mismanagement, - but the divi was the main reason i held this crock of the proverbial..., lots of promises of jam tomorrow - pretty poor management of the company all round to leave it in this state.
More share buybacks...why? Why not grasp the nettle and use the proceeds to slash debt and the interest mountain - share buybacks are little more than a sticking plaster and don't in my view generally result in an increased share price, all money for the boys in the city!
Will be ken to see which way the share price goes on opening, I suspect south quickly. But i guess the cheaper the share price the more they can buyback with the allocated funds....urgh!
Posted at 02/3/2024 01:59 by kiwi2007
I don't think there's anything happening especially, just that the market is spotting value;

VOD
is a stock many investors are watching right now. VOD is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 10.20 right now. For comparison, its industry sports an average P/E of 10.46. Over the last 12 months, VOD's Forward P/E has been as high as 12.20 and as low as 9.02, with a median of 10.03.

Another notable valuation metric for VOD is its P/B ratio of 0.35. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.03. Over the past year, VOD's P/B has been as high as 0.57 and as low as 0.33, with a median of 0.38.

Value investors will likely look at more than just these metrics, but the above data helps show that Vodafone Group is likely undervalued currently. And when considering the strength of its earnings outlook, VOD sticks out at as one of the market's strongest value stocks.
Posted at 29/2/2024 17:30 by veryniceperson
Vodafone (NASDAQ:VOD) rose 3.2% in trading in London amid renewed takeover speculation. Vodafone ADRs gained 3.1% in premarket trading.There's speculation that there may be interest for a full takeover of Vodafone (VOD), according to traders, who cited a Betaville "rare" alert on Thursday.Betaville has done several alerts on Vodafone (VOD) in recent weeks, though the Thursday report was changed to "rare" from "uncooked."Vodafone (VOD) ticked up 0.8% on Friday after a Betaville item about takeover speculation and one person following the matter heard that Goldman Sachs has been hired for a potential acquirer.Betaville reported earlier this month that Vodafone (VOD) may be a takeover target and that American telecom firms are looking at the company
Vodafone share price data is direct from the London Stock Exchange

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