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Was expecting a bit of volatility on earnings day but suppose it didn't tank....133 and I'm out...nice August dividend on it's way...tend to agree with this analyst
Vodafone’s share price continues to have all the vitality of a beached whale, having struggled to make any meaningful progress for more than a decade," said Russ Mould, investment director at AJ Bell.
Beached whale pretty much sums it up - no-one can say I have been impatient as I've held for over 10 years but Nick Read's deal making has been far from impressive and it fundamental that we need to merge and cut overheads.
This company needs to be broken up and the parts sold off IMO,as management constantly come up with some reason why the company has under-performed...a sign that the beast is too unwieldy.
The results throw up some very concerning figures if you compare some of the KPIs for FY 22 to Q1/23 - the Germany trend is worrisome.. only 3 months ago Germany was growing at 1.1% and is now declining by 0.5% but other KPI's get hidden by the comparison to the like for like quarter when it should look at quarter on quarter.
For example MPesa users have dropped from 52.4m users at year end to 49.7m now which is >5% drop!
African data user have dropped by 1.9m to 88m. I know Europe is the biggest market but if we can't show better growth that this when they've just put up prices by 9.3% then its clear their cost base is out of control!
ftseexplorer. You say the company needs to be broken up & the parts sold. So who is going to buy the parts, & for how much? Unless you can answer that, I don't get the point of your comment. Why do you think the parts can be sold for more than the market cap value? You say, 3 months ago Germany was growing, but now it's declining. Could that be due to the Russian war perhaps? You could always just blame it all Nick Read I suppose? I think he has asked for a magic wand for Christmas this year?!
Dan, this might help to explain
https://uk.finance.yahoo.com/news/ftse-100-vodafone-shares-uk-price-rises-sales-103636117.html
“ and we continue to actively pursue opportunities with Vantage Towers and to strengthen our market positions in Europe."
Lost track of how many quarterly and yearly updates he has been saying this . Guess what - nothing !!!!!
Dan, Very droll...magic wand (you're a comedian) but perhaps you can give some analytics and say how long you think you should pay one of the most highly rewarded CEO's in the FTSE100? n my book 4 years of share price declines is enough. Regarding the sum of the parts conversation, there was a very good thread a couple of months ago where it was generally well argued that the sum of the parts is significantly more than the current price. Why else would you think we've seen 2+ major investments from activist shareholders.
You'd be forgiven for forgetting that conversation - it was the one constructive one that took place on this board amongst the 30-40 pages of inane Friday close predictions!
Sorry rob, & no disrespect, but that is not news, it is history. I have already read it. Nick Read does not control the share price. The vod share price is control'd by negative comments such as comparing it to a beached wale. The only way the vod sp will go up, is if investors stop reading all this negative nonsense. Germany has big problems with regulation changes, & course they have more of a problem with Russia & energy prices than we do. Also as fleccy would argue, a beached wale, non moving share price, with a high divi yield, may still be a good investment. All I ask, is, if don't understand why vod is underperforming, please don't just come come up the usual nonsense, of sack Nick Read, It is a little bit more complicated than that rob, believe me. Good luck mate.
Wow Dan
“The vod share price is control'd by negative comments such as comparing it to a beached wale. The only way the vod sp will go up, is if investors stop reading all this negative nonsense”
Any you say other people on here talk rubbish . Haha you carry on believing . God save our gracious Read - long live our noble Read - god save our Read - altogether now !!!
ftseexplorer. Hello. No I haven't forgotten that conversation. Nick Read, with the support of the activists & the Arab support has obviously been trying to merge interests with other companies as they have suggested, & they also stated they support him. I don't know where you get this idea that they are investing in vod, just to sell it off? If they are, & vod can sell vod in its various parts, for more than the current sp, then I would be very happy, but that is not what they have said. But if you believe vod will be sold off for more that the current sp, fill your boots, & wait for pay day. Who is going to buy vod? An answer would be good. Sorry about the inane Friday close predictions, a bit below you perhaps? Some on here like.
Mikey, I can't make any sense of your comment, & my post wasn't to you anyway. But I think the sex pistols version was much better than yours. Good luck mate, you need it! Why don't you sell your one share? (count the pennies).
I don't know the answers Dan, but i can understand why those who have been invested here for 5 years or more, are understandably running out of patience with the Vodafone management, so i will have to leave it to someone with more knowledge of this industry than myself to answer those questions
cheers
Hello rob, good answer mate, I however, have been invested in vod for 20+ years? O.K. more fool me? But I think we should all agree on one thing, patience is what we need if you hold vod shares, otherwise sell. Have a good week.
Payout too much cash they don't have in divs and buybacks. Have too much debt because of it. Simple.
The latest aco****s show the TSR is just 2% per annum last 10 years. You can get 3% on a 10yr treasury. Why risk the capital, is what the big money will be thinking, so the SP remains beached, since 1998.
*Latest Accounts. Don't know what the stars were.
mole. I think you made a typo. aco then the c word, followed by an s. Not all accountants are ****s, by the way?
You cant make sense of my comment that has a quote from a comment you made - blimey your memory is going .
Idiots ruining the asylum Mikey et Al
Divi in 10 days time looking where to invest proceeds
If you don’t like the shares - sell and go elsewhere
Only losers hang around what they don’t like
Mikey. I will explain it to you slowly. The comment of yours that I can not make any sense of is. Quote "Any you say other people on her talk rubbish. Ha ha you carry on believing. God save our gracious read-long live our noble Read, God save our Read, altogether now" . Nothing to do any quote of mine. Mikey, you are on another planet, but I wish you luck. Cheers mate. Give it a rest though, for your own sanity. If you insist on responding to my posts, at least wait until they are to you, not somebody else.
I think he has some mental health issues.
I’m not joking
All the best Dan & holders, Cheap
Cheapshareboy. He only has one share (seriously) So it would cost more to sell, than to hold.
No the second bit was me - you say people talk rubbish on here yet you post that **** haha oh well .
Oh and you reply to posts of mine that arnt addressed to you - or is that another rule of yours on this BB .
Long live Read .
Cheapshareboy. I think you are right, & I suspect his job with vodafone may have been involved in that. I feel very sorry for Mikey, but this is not the right forum for ex vod employees, with mental health issues. & of course you are right, it is no joke, but all on here who support Mikey are just making it worse.
And now you say I have mental problems - wow you really stoop to new lows - pretty much expected from you though .
Well there's nothing like a CEO debate to rattle Dan's cage, but is he right possibly or possibly not, but after 20 years waiting for the sp to rise, i definitely think he deserves a gold medal for his Patience, investing should be fun guys, but some shares are more fun than others if you know what i mean, I thought about selling up here many times, but it just would be nice to see it pass the £1.50 mark first, I live in hope, quite happy to wait a bit longer, so come on nick pull your finger out lol
play nicely guys
From what I read (pun not intended) in this chat the impression is formed that people seem to think that CE Nick Read is solely responsible for strategy, performance and results. But what about the role of the VOD board and its committees? In large companies such as Vodafone, the board’s role is to provide entrepreneurial leadership within a framework of effective controls which enable risks to be assessed and managed. The board establishes the company’s purpose, values and strategy and satisfies itself that these and its culture are in alignment. It is responsible for ensuring the necessary resources are in place for the company to meet its objectives and for measuring performance against them. The board is accountable for promoting the long-term sustainable success of the company, generating value for shareholders and contributing to wider society.
So it seems a stretch to heap all of VOD’s woes onto Read’s shoulders. He is just a large cog in the works and the board as a whole must share in collective responsibility. In any case changing CEOs doesn’t necessarily result in improvement. Other factors play a larger part. Taylor Wimpey recently appointed a new CE, who is a good manager, but the share price has nose-dived regardless. As for Read’s remuneration you could certainly say that 3 million is a lot of money but hardly higher than the FTSE 100 average salary. Moreover, compared to some chaps who kick a ball around on a Saturday afternoon or play golf or tennis, it’s peanuts. Call it the ‘unacceptable face of capitalism’ if you like.