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He must be very lonely, quite sad really. He needs help, but I think he is in self distruct mode.
A little set back for my Friday 80p prediction, but there's still a few days left to catch up, what do you think Dan, can we still get there, not sure why such a big drop today, maybe it's something to do with the algo's or the Off Book trading that you guys have been arguing about!!!
Blimey! and guys, and you say guttersnipe is a weird one ??
Hi rob, Not good today, but I think we expected a possible retrace. It maybe that it is only the buybacks that are propping up the price at the moment but lets hope there is more good news to come. I think 80p is a fair price in the short term, but £1 + given time.
Hi Dan, yes it was a sea of red here today with everything down, maybe a better day tomorrow, would be good if it could get to 80p for now, then another push on more good news, one step back and two forwards hopefully
Dan
''It maybe that it is only the buybacks that are propping up the price at the moment ''
it appears it needs repeating - buybacks do not determine the valuation that the market gives to Vodafone on a daily basis. With or without a buyback programme in operation the daily share price movements will reflect that days valuation that the market gives to Vodafone.
4 Billion Euro will be spent over the next couple of years reducing the number of shares with voting rights.
Longtime
where did you get that4 Billion Euro will be spent over the next couple of years reducing the number of shares with voting rights? The shares are held in treasury likely to be used as free shares for the shameless sharesave schemes for all it's uk employees, likely to be given to MArg and the other useless Directors that have ruined this once great company for "turning the ship etc". they are not being cancelled are they? So they could well indeed reappear
Narcus -
The RNs is clear:
The sole purpose of the share buybacks is to reduce the share and be cancelled.
Only minority will be kept for awards
Read the RNs again please
We is upp a bitt todaye butte will it laste
I is afrade a big drope might be comming agane sadley
We will sea...
Just say no, kids. Just say no.
Ordinary Shares acquired by Morgan Stanley will be subsequently repurchased by Vodafone, held as treasury shares and then either cancelled or allocated to employee share awards as they fall due.
Nice gray worded statement.
The unknown is how many will be reissued to employees and when leftovers could be cancelled if ever.
Gutter should be our representative when contacting Vodafone investors relations in writing
Especially if the person on the other end speaks like yoda ..then that would be a conversation haha
Nar
''where did you get that4 Billion Euro will be spent over the next couple of years reducing the number of shares with voting rights? The shares are held in treasury likely to be used as free shares for the shameless sharesave schemes for all it's uk employees''
Any shareholder should already know about the stated spend that is planned on share buybacks.
Shares held in treasury do not have voting rights .
What a stupid comment from you - how can a sharesave scheme be for free shares. Employees save money on a monthly basis to then purchase or not purchase shares at a price set at the start of each scheme after the qualifying period.
Any shares in other schemes and bonuses paid in shares instead of cash would come out of the shares held in treasury. To get the full tax benefit of bonus shares instead of cash, they need to be held for a number of years.
The Vodafone buyback programme putting shares into treasury has the same net effect as a scheme that would cancel the shares immediately.
As an example Lloyds would have the shares cancelled immediately after the settlement of any purchase as they have a policy of not holding shares in treasury.
They then issue new shares for staff schemes.
Therefore the Vodafone and Lloyds buyback programmes in the end have the same net effect with regards to reducing shares in the market with voting rights.
I hope this makes things perfectly clear to you.
Narcus. Where do you get your info from? You sound just like another bitter ex vod employee, having a pop at the "useless management"
LTI
Many like to ( some deliberate)(some through lack of knowledge), to confuse the Executive Share schemes,with the employees share schemes.
The employees are the ones earning them their dividends,and get an incentive to invest not free shares.
It’s about buying into the company you work for.
I know you fully understand this, but the more it’s repeated the more it may start to be understand
TBF, There are at least 3 different schemes
Executive, where the options at a set price are granted free
Sharesave, where you can save upto £150 of your own money to invest in shares, creating a tax/NI benefit after 3 & 5 years. (3 being paying the tax at cost price not sale price, 5 being totally tax free)
Then you have employee options, where the employees are able to buy options at a discounted value to the price now vs excercising those options and selling at a profit, or not and your money being returned.
Option 1 and 3 are a creation of new shares, option 2 is bought via a 3rd party on the open market
Startin too rolle owver agane sadley toodaye
Culd Finnish in the redde I is fealing
Hoppe I is wrong, butte I is knot offten wrong as you all nose
Mole man you are suggesting the company is lying
That's a pretty bizarre and ridiculous allegation
Vodafone has clearly stated that the purpose of the buybacks is to reduce the share count
It's not gray worded. You are lying
Here is the piece from the RNs:
The sole purpose of the Programme is to reduce share capital. Ordinary Shares acquired by Morgan Stanley will be subsequently repurchased by Vodafone, held as treasury shares and then either cancelled or allocated to employee share awards as they fall due.
One has to wonder why are you moleman purposefully misleading with your allegations???
I copy pasted the statement from rns. It says what it says. Keep shares to give to employees, cancel others.
Doesn't say how many they will keep for share scheme, or when the unwanted will be cancelled.
Why keep any for the share schemes? They already have plenty in treasury.
Also when they say reduce the share count, that is achieved by putting the shares in to treasury. It is what happens to the treasury shares that we discuss. They will need to consider the share capital before they do thios. It will reduce share capital and may have knock on with debt funding, hence, dangle a gray statement suggesting they will be cancelled, but just never get round to it.
All in all, they shouldn't be wasting capital on this. They need it to build a business. Dreadful strategy here. Will come out in the wash in a few years.
Mole-man. You said on your 14.50 post "Why keep any shares for the share schemes? they already have plenty in treasury" If they already have plenty in treasury they wont need to keep any for share schemes, so they can cancel them, or at least most of them. All this is just the usual have a pop at the rich ,greedy B.O.D. knee jerk reaction. You of course at least think before you negative post. Of course they need to build the business, but how? Not easy in the very competitive market at the moment.