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| 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
|
|
|---|---|---|---|---|---|
| 0.54 | 0.76% | 71.24 | 62,751,714 | 16:35:21 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 71.32 | 71.34 | 71.42 | 70.62 | 70.72 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Radiotelephone Communication | EUR 45.07B | EUR 1.14B | EUR 0.0436 | 16.36 | 18.49B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:47:01 | O | 14,989 | 71.237 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 20/11/2024 | 07:00 | UK RNS | Vodafone Group Plc Transaction in Own Shares |
| 19/11/2024 | 07:00 | UK RNS | Vodafone Group Plc Transaction in Own Shares |
| 18/11/2024 | 07:00 | UK RNS | Vodafone Group Plc Transaction in Own Shares |
| 15/11/2024 | 07:00 | UK RNS | Vodafone Group Plc Transaction in Own Shares |
| 14/11/2024 | 09:04 | ALNC |  IN BRIEF: Vodafone starts third phase of EUR2 billion share buyback |
| 14/11/2024 | 07:00 | UK RNS | Vodafone Group Plc Transaction in Own Shares |
| 14/11/2024 | 07:00 | UK RNS | Vodafone Group Plc €500 MILLION SHARE BUYBACK PROGRAMME TO COMMENCE |
| 13/11/2024 | 10:04 | ALNC | Swisscom buy of Vodafone Italia gets nod from Italy telecoms regulator |
| 13/11/2024 | 07:00 | UK RNS | Vodafone Group Plc Transaction in Own Shares |
| 12/11/2024 | 16:13 | ALNC | EXTRA: Under pressure Vodafone knocked by weak German performance |
Vodafone (VOD) Share Charts1 Year Vodafone Chart |
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1 Month Vodafone Chart |
Intraday Vodafone Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/11/2024 | 11:23 | Vodafone - Charts & News | 3,946 |
| 15/11/2024 | 22:19 | Vodaphone - 5G Into The Blue | 8,974 |
| 26/10/2024 | 11:23 | + INTC TANKS ON Q2 DISAPPOINTMENT: LOG, ARM & CO. TO FOLLOW SUIT | 3 |
| 13/7/2024 | 22:21 | *** VODAFONE *** | 192 |
| 29/5/2024 | 09:03 | VODAFONE - TARGET OF 65P | 393 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-11-20 16:47:02 | 71.24 | 14,989 | 10,677.71 | O |
| 2024-11-20 16:43:07 | 71.24 | 27 | 19.23 | O |
| 2024-11-20 16:37:47 | 71.24 | 15,946 | 11,359.93 | O |
| 2024-11-20 16:37:42 | 71.22 | 340 | 242.15 | O |
| 2024-11-20 16:37:32 | 71.28 | 340 | 242.35 | O |
| Top Posts |
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Posted at 20/11/2024 08:20 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 70.70p.Vodafone currently has 26,149,220,636 shares in issue. The market capitalisation of Vodafone is £18,649,624,158. Vodafone has a price to earnings ratio (PE ratio) of 16.36. This morning VOD shares opened at 70.72p |
Posted at 16/11/2024 16:08 by sigmund freud I would value any interpretation of the buyback effects upon the directors' remuneration policy. A company using its cash to issue buybacks when the share price is falling is of concern to me. Agree that the best use of cash is to pay down debt in a low growth company, especially in a time of uncertainty about medium term interest rates.Buybacks in this situation might be an attempt to manipulate the share price, when actually cash should be used for the benefit of the company. And pay out dividends from leftovers. This raises concern to me about potential influence upon company strategy to line one's own pocket, or as I prefer to say, snouts in the trough time. They fork out £140k for a so-called independent remuneration committee. Having worked in the NHS a long time, I never doubt the ability of those at the top to get rewarded for complete failure. Often these rewards are granted by people who the beneficiary knows, lunches with, and at times has extramarital relations with. The following is an extract of the company report starting on p98, it is probably easier to read there than my cut & paste hxxps://reports.inve Are those at the top benefitting from the buybacks? If not that's fine, I will take my paranoia elsewhere. It is the impact on "adjusted" FCF and EBITA that I can't work out. Base salary Effective 27 April 2023: Group Chief Executive: £1,250,000. Effective 1 July 2024: Group Chief Executive: £1,250,000 (no increase). Travel related benefits and private medical cover. Benefits Pension Annual bonus Short term incentive plan Opportunity (% of salary): Target: 100%/Maximum: 200% Measures: Opportunity (% of salary): Target: 100%/Maximum: 200% Measures: Service revenue (20%), adjusted EBIT (20%), adjusted FCF (20%), revenue market share (10%), Net Promoter Score (20%) and churn (10%). Long term incentive plan Opportunity (% of salary – maximum): Chief Executive: 500%/Other Executive Directors: 450% Measures: Adjusted free cash flow (60%), relative TSR (30%), and ESG (10%). Performance/holding periods: Three-year performance + two-year holding period. Service revenue (20%), adjusted EBIT (20%), adjusted FCF (20%), revenue market share (10%), Net Promoter Score (20%) and churn (10%). Opportunity (% of salary – maximum): Chief Executive: 500%/Other Executive Directors: 450% Measures: Adjusted free cash flow (60%), relative TSR (30%), and ESG (10%). Performance/holding periods: Three-year performance + two-year holding period. |
Posted at 15/11/2024 18:55 by xtrmntr The main news from Vodafone's (VOD) results is that the approval processes for their transactions in the UK and Italy are "nearing conclusion". In most other respects, the figures show no change from the recent past, which has been characterised by slow growth and an underperforming German business. In Italy, Vodafone is selling its business to Swisscom AG for 8bn (£6.67bn) in upfront cash and completion is now expected in early 2025. At a similar time, Vodafone is also expecting to complete its merger with Three UK. This deal includes a promise to invest £11bn in 5G infrastructure. The Competition and Markets Authority said last week the tie-up could proceed if this commitment is met.The scale of investment needed and the intensity of competition has been a sticking point for telecoms companies. The combination has made it difficult to generate returns on investment but the aim with the Three UK merger is that by increasing its scale Vodafone can spread the costs across more customers, increasing the returns to 5G investment.Focusing on the UK seems sensible as it is one of its best performing markets. In the six months to September, revenue increased 2.1 per cent year-on-year to 3.44bn while adjusted cash profit rose 10.5 per cent. This was partly the result of foreign exchange movements, but also because of lower energy costs and 'other cost efficiencies'. These efficiencies should grow if and when the Three merger is completed.The problem market has been Germany. It makes up over a third of revenue but saw revenue decline 3.9 per cent. In part, this fall was because of a law change that stops landlords from bundling cable TV into mandatory tenancy charges, but even without that, service revenue was down 2.4 per cent in the second quarter.In fact, price increases last year have continued to drive German customers away. In the half year, the broadband customer base declined by 88,000. In response, Vodafone has already said it is laying off 3,100 workers, a sign it doesn't expect growth to pick up again soon.The consequence is that there was a free cash outflow of 1.1bn as capital spending crept up slightly to 3bn. It is anticipation of this outflow that caused Vodafone to slash its dividend earlier this year, meaning its yield fell from 11 per cent to 6 per cent.There is a chance that once these deals go through Vodafone will be able to return to profitable growth. But the last six months have just been more of the same and until we see evidence of change, we stick to hold. |
Posted at 13/11/2024 13:42 by davius 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... |
Posted at 12/11/2024 12:47 by dplewis1 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. |
Posted at 05/9/2024 10:52 by wendsworth VOD share price trajectory has fundamentally changed this week with a weak FTSE. Augurs well. |
Posted at 16/8/2024 14:45 by davius ii view: is reshaped Vodafone all about German growth?Shares in this popular FTSE 100 company have halved over the last five years. Now undertaking a major share buyback programme, we assess prospects. 16th August 2024 11:16 by Keith Bowman from interactive investor First-quarter trading update to 30 June Adjusted or organic service revenues up 5.4% (Q4: +7.1%) Total revenues up 2.8% to €9.04 billion German organic service revenue fell 1.5% (Q4: +0.6%) Adjusted profit (EBITDA) up 2.1% to €2.68 billion Guidance: Continues to expects 2025 adjusted profit (EBITDA) unchanged on 2024 at €11 billion Plans to halve the dividend for the year ahead to 4.5 eurocents per share, but with ambition to grow over time Pursuing €4 billion of share buybacks following business sales Chief executive Margherita Della Valle said: "Our performance in the first quarter is consistent with our full year guidance, which we reiterate today. We continue to deliver strong revenue growth in Africa and Turkey, whilst lower inflation is slowing revenue growth in Europe and accelerating Group EBITDAaL growth. "During the last few months, we have announced the final step in reducing our stake in Vantage Towers to 50% for €1.3 billion and commenced our €2 billion share buyback programme following the sale of Spain. "We continue to progress our transactions in Italy and the UK as well as the broader transformation of Vodafone, focused on customer experience, Business growth and operational execution in Germany. The actions we are taking now will deliver improved performance and underpin the turnaround of Vodafone." Vodafone Group operates both mobile phone and fixed broadband networks. Operating in Europe and Africa and following business sales in Spain and Italy, key countries of operation now include Germany, the UK, Turkey, and South Africa. ii view: Conducting the first mobile phone call ever in the UK in 1985, Vodafone today provides mobile and fixed line broadband services to over 300 million customers in 15 different countries. 5G mobile provision is available in over 230 European cities, with its fast broadband network passing 52 million European homes. Fast data broadband provision also makes it Europe’s second largest TV platform with around 17 million such customers. Germany continues to generate its biggest chunk of adjusted profit at 46% during its last fiscal year, with the UK at 13%, other European countries combined and including Portugal and Ireland at 14%, Africa 22%, and Turkey 5%. For investors, previous German law changes to end bulk TV contracts to multi-dwelling units (MDU) continues to pressure service revenue at its core German market. The proposed merger of Vodafone’s UK phone operations with those of CK Hutchison’s Three UK operations is subject to an in-depth competition probe. The sale of Italian and Spanish businesses leaves it less geographically diverse. The dividend payment is again being reduced given business sales, while group net debt of €33.2 billion (£28 billion) as of late March compares to a stock market value of £19.6 billion. To the upside, a major transformation of the business has been undertaken, including asset sales in Italy and Spain and the proposed strengthening of its UK mobile business. Management focus now includes increased investment in customer experience and growing business-related sales. A €4 billion share buyback out to 2026 has seen around 10 million shares bought daily, while UAE telecommunications company e& continues to hold a sizeable shareholding in Vodafone, potentially applying further pressure on management for change and improvement. For now, declining revenue in its key German market along with the ongoing UK investigation into its UK phone merger may leave many investors sidelined. That said, a rejigged business focused on growth opportunities and strong cashflows which underpin a forecast dividend yield of over 5% does at least reward shareholders for their patience. Positives Business and geographical diversity Ongoing management transformation programme Negatives Intense competition Pending cut to the dividend payment The average rating of stock market analysts: Strong hold |
Posted at 07/8/2024 07:01 by waldron William FarringtonPROACTIVE Vodafone Group PLC ( LSE:VOD ) Vodafone launches €500mln share buyback programme Published: 07:44 07 Aug 2024 BST Margherita Della Valle Global telecoms blue chip Vodafone Group PLC (LSE:VOD) has announced €500 million (£429.5 million) share buyback programme to run from this Wednesday through to 29 November. Vodafone tapped Wall Street banking giant Goldman Sachs to facilitate the buybacks, which will see around 2.5% of Vodafone’s current market value returned to share holders. “The sole purpose of the programme is to reduce share capital,” said the company. Vodafone previously committed to returning €2 billion back to shareholders following the sale of its Spanish business to Zegona Communications (LSE:ZEG) for €5 billion. While these buybacks are indicative of Vodafone’s generous shareholders returns policy they also divert cash flows away from Vodafone’s significant debt pile. At the end of its financial period, Vodafone had net debt of €33.2 billion (£28.5 billion), a fraction of a percentage point less than net debt at the end of financial 2023. |
Posted at 05/8/2024 07:01 by diku Anybody know the call and put options?...and the debt going into the merger?...Great for customers From day one, millions of customers of Vodafone UK and Three UK will enjoy a better network experience with greater coverage and reliability at no extra cost, including through certain flexible, contract-free offers with no annual price increases, and social tariffs. MergeCo will reach more than 99% of the UK population with our 5G standalone network, delivering to customers up to a six-fold increase in average data speeds by 2034. Great for country The combined business will invest £11bn in the UK over 10 years to create one of Europe’s most advanced standalone 5G networks, in full support of UK Government targets. By having a best-in-class 5G network in place sooner, the merger will deliver up to £5bn a year in economic benefit by 2030, create jobs and support digital transformation of the UK’s businesses. Every school and hospital in the UK will have access to standalone 5G by 2030. Great for competition The merger will create a third operator with scale, levelling the competitive playing field, increasing competition to the UK’s two leading converged operators and will also provide more choice in wholesale partners for the UK’s already competitive MVNOs [Mobile Virtual Network Operators]. The combined business will offer fixed wireless access (mobile home broadband) to 82% of households by 2030, complementing MergeCo’s access to the UK’s biggest full-fibre footprint. Value-creating transaction No cash consideration to be paid, with the Vodafone UK and Three UK businesses contributed with differential debt amounts at completion to achieve MergeCo ownership of 51:49 between Vodafone and CKHGT. Comprehensive joint governance framework in place between Vodafone and CKHGT, with Vodafone fully consolidating MergeCo. Vodafone and CKHGT having call and put options, respectively, which if exercised, would result in Vodafone acquiring CKHGT’s 49% shareholding. The Transaction is expected to result in substantial efficiencies. These are expected to amount to more than £700m of annual cost and capex [capital expenditure] synergies by the fifth full year post-completion, with an implied NPV [Net Present Value] of more than £7bn. Current Vodafone UK CEO Ahmed Essam will become MergeCo CEO, and current Three UK CFO Darren Purkis will take the role of MergeCo CFO. The Transaction is expected to close before the end of 2024, subject to regulatory and shareholder approvals. |
Posted at 22/7/2024 06:31 by the grumpy old men Vodafone Group Plc Vodafone sells further 10% in Vantage for €1.3bn22/07/2024 7:00am RNS Regulatory News RNS Number : 1832X Vodafone Group Plc 22 July 2024 22 JULY 2024 Vodafone sells further 10% in Vantage Towers for €1.3bn Vodafone Group Plc ("Vodafone") announces the sale of a further 10% stake in Oak Holdings GmbH1 ("Oak Holdings") - the partnership that co-controls Vantage Towers - for €1.3 billion. This further sale achieves the 50:50 joint ownership structure with the consortium of long-term infrastructure investors led by Global Infrastructure Partners and KKR that was envisaged when the co-control partnership was first announced. Vodafone will receive €1.3 billion from the sale of this equity stake, which has been sold at €32 per share, the same price as the initial transaction, announced 9 November 2022. This takes the total net proceeds to Vodafone from the sell down in Vantage Towers to €6.6 billion. Proceeds from this sale will be used for deleveraging and will reduce Net Debt/Adjusted EBITDAaL by 0.1x, which is in line with Vodafone's target of operating in the lower half of its 2.25x - 2.75x leverage range. - ends - |
Posted at 14/7/2024 07:36 by ariane TRANSACTIONS IN OWN SECURITIES12 July 2024 Vodafone Group Plc ("Vodafone") announces today that it has purchased the following number of its ordinary shares of 20 US cents each from Morgan Stanley & Co. International Plc. Such purchase was effected pursuant to instructions issued by Vodafone on 15 May 2024, as announced on 15 May 2024 (the "Programme"): Date of purchase: 12 July 2024 Number of ordinary shares purchased: 3,401,744 Highest price paid per share (pence): 71.58 Lowest price paid per share (pence): 70.62 Volume weighted average price paid per share (pence): 70.85 Vodafone intends to hold the purchased shares in treasury. Following the purchase of these shares, Vodafone holds 1,564,745,357 of its ordinary shares in treasury and has 26,642,918,320 ordinary shares in issue (excluding treasury shares). As part of the Programme, Morgan Stanley & Co. International Plc. purchases Vodafone (213800TB53ELEUKM7Q6 |
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