Excelent post completly missed the point (did you see what I have done) missed the point.
Plus I am having a Sods Law week.
Have managed to split my screen on my lap-top, so when I am posting my messages I written have a very narrow window for me to view.
My fault Doooooo
I am currently poster and making lots of errors.
I do not know how to fix it but I have a mate who will.
So until then keep up the humour
Hmmm, obviously you missed my poor attempt at humour re your original post in which I assume you missed out the decimal point and quoted £220 and not £2.20 before you would consider buying. Ah well, not to worry but if you really are interested in buying my 20,000 shares at £220/share or indeed the bargain price of £100/share I'm sure it can still be arranged.
Anyway, good luck at whatever price you choose to buy again!
Thank for your kind offer.
Why would you want to sell to a total stranger.
I would assume you would not be out of profit and that the number of shares are small and selling through the market would not be cost effective.
Sorry critterman I do not want to insult you by saying no.
But the answer is no thank you S.A.G.
I had no idea that Vodafone owned this company but I would like to think that the off-loading now is part of a balance sheet cleaning exercise before a Liberty deal after the Indian division has been merged with Idea. There seems to be some reports that Vodafone-Idea deal will happen in April, 3 months ahead of schedule.
Just my theory BTW!!
Try fhis link, first rate.
Only complaint I have is that payment of divi's into my ISA are not available on the same trading day as due. You have to wait until the next day.
For my ordinary trading account divi payments are in the account by noon.
The delay for the ISA I believe is because they need the extra time to record the payment and identify that it is an ISA related payment
But reading some of other posters view my complaint is trivia S.A.G.
Add on a further drop if seen.
Best use a different trading platform from iii for that!
It's bad enough for medium and long term traders being shut out by their infernal technical hitches, but it must be impossible for those such as yourself who rely on short term trading.
"but if we do see a sustained upward trajectory in bond yields (it's a big "if" for now - though we doubtless will at some point), I actually see it as good news for "quality" high-yielding equities, not bad."
Bill, exactly. Who would invest in anything long dated knowing that a capital loss is in the offing. Steady eddy equities with a high yield will be where it is at.
I can remember when you bout long dated fixed interest when you thought that that the interest rate cycle had peeked.
Would have thought long VOD short long guilt would make an interesting pair trade.
Appreciate the 'not too sure' but within what price range is your current thinking
What you need to understander about me is that I am a seat of the pants trader and an opportunist.
Simple answer any thing below £2.20 pence.
But thats not the whole answer and if I may I will offer a further understanding of my thought patterns.
Working from the ex-divi date 23 NovI have sold five tranches of VOD ranging from £2.24 up to £2.32 pence so buying back at anything belong these figures are gains.
Why did I sell? To free up funds to invest in other stocks.
To lower my average price of my remaining holding in VOD
This holding is total profit, the cost to me for these shares is zero.
So whatever the price I pay in the future, the price of what I pay is less important.
But being competative my objective would still be £2.20 or below.
Also I hold BP and RDSB's which pay a quartely dividend of which March and June are the pay dates.
So I believe in making money work so by investing these funds in VOD means I get an early return by way of the VOD divi and additionaly the yield is huge.
"10 p drop in two days, unusual for VOD... Euro/GBP rate or something else ?...
Although a drop after a strong run up frequently happens, I wonder what has changed sentiment here."
Soi - no meaningful move in EUR/GBP as far as I can see... Almost certainly down to the sharp (upward) moves in US bond yields in recent days, which have hit a number of supposed "bond proxy" stocks.
IMHO it is understandable enough as a knee-jerk reaction - but if we do see a sustained upward trajectory in bond yields (it's a big "if" for now - though we doubtless will at some point), I actually see it as good news for "quality" high-yielding equities, not bad.
I have followed VOD for many years and the recent falls are not unsual.
Very often in previous years, on the run up to Christmas the SP has risen, only to fall back in the New Year, so doesn't come as a surprise.
Like you I will be buying back in, just when I am not too sure.
Your buy looks very good to me, I am not expecting the SP to fall back to the £2 range which has happened in the past. VOD is a strong resilent company now so any fall back will be as a result of market conditions.
I think you may have jinxed VOD today! Down 10p in 2 days is unusual for VOD, and against soi's expectations too.
Bought back in today, too soon of course, but hoping for a bounce and a positive outcome for soi's long at 232.53.
Having switch my phone line and broadband I am massively impressed. They have no cable option purely fiber. As for price they are cheaper than TalkTalk and the same as TalkTalk on via cashback sites (cashback tracking is not always reliable). I paid £20 + £4 for free evening and weekend calls (other options available during registration).
Once the customer base has been built-up I am sure they will follow Newzealand and consider launching Vodafone TV.
As foreshadowed here and all relevant boards... 2018 trading from tomorrow, so time to repeat last year's "virtual portfolio" challenge. Same rules, as per the papers - equal weighted, valid for the whole year with no switching, full owning-up at year end!
Marks & Spencer
I retain a bias toward UK exposure and 'Value' (the two closely related, obviously), with an expectation that the UK domestic outlook will clarify satisfactorily (if not wonderfully) this year. But it's no slam-dunk... and so hedged with a decent slug of overseas earnings and a general focus on "stock specific" stories - with LLOY the only real pure play on 'UK PLC' and associated sentiment. Ultimately, well aware that it's near-impossible to avoid losers as well as winners, I have asked the question - can I see 15% over 2018 (plus divis)? Without necessarily much help from the wider market.
Four stocks stay in from 2017, with CPI, IMB, ITV and SGC still to justify their original inclusion and getting another chance (SGC was a close call). Bonmarche has done its job as "speculative" midcap retail play; VOD still looks fine to me but harder to see sufficient upside in either valuation or financial reporting; CARD and WTB were tougher choices, both still good for the long term IMHO but I see their respective attractions now more finely balanced against likely persisting near-term headwinds.
I will doubtless be elaborating on the case for each of the "new" inclusions in the course of the year. FWIW stocks actively considered but failing to make the cut (as well as CARD and WTB): Braemar and SBRY (from my 2017 Top 10), then Aviva, BT, Debenhams, Gattaca, Merlin, Morrisons, Trinity Mirror.
FYI I own 7 of the 10 stocks, with all of CPI (still!), WPP, GSK under active consideration (probably in that order). I'd be surprised if I didn't buy into at least one in the course of 2018.
That's it for 2017, in market hours anyway, so it is time to tot up the final results for my previously published 2017 Top Ten...
Q1 was not bad (in the end)... Q2 better, outperforming decently... Q3 not so much, a bit of a struggle throughout... and now a reasonable (if selective) Santa rally has delivered (belatedly) a decent enough Q4. It all means a positive absolute return for the year (+1.6%), albeit another good quarter for wider markets means I have underperformed the FTSE 100 by nearly 6% (and around 7% vs FTSE All-Share).
But it's not the full story - I went heavy on income plays, with dividends (including a couple of "specials") delivering a further 5.7%, around 50% more than the UK market yield. So I can point to a total portfolio return of 7.3% for the year - still below the 12% or so returned by the main UK indices, but somewhat nearer respectability - and preserving my status as (distinctly) average fund manager... making you some kind of return on your money, but not actually managing to beat, or even meet, an index.
Star performer, after a pleasing (albeit slightly suspicious) late run, was one of my small-cap speculatives, Bonmarche - up 60% for 2017! Then, at the other end of the size scale, comes Vodafone, an 18% return reflecting a year of solid success... just ahead of Card Factory (up nearly 17% after a rollercoaster ride), although CARD just edges out VOD in total return terms (+26% vs +24%). After that, a good Q4 sees Whitbread end the year up 6%, after 'promising' something much worse for most of it.
But that's it for gains, and 4 "winners" out of 10 doesn't really cut it, I concede. Both Sainsbury and Braemar ended near enough where they started (down just under 3%), but thereafter the disappointments pile up like roadkill... Imperial Brands falling 11%, ITV losing 20%, Stagecoach giving up 24% and Capita's year of woe and warnings means it brings up the rear, some 25% down - with some small solace that it's the only one I still don't own for real (but watch this space!)
How to rationalise this performance picture? Well, looking back at my original post, it seems I predicted it up-front a year ago - I quote... "a vague attempt at balance and diversification across the list, though it's probably still a bit too exposed to the UK economy - and hence any further Brexit downturn. Probably inevitable, given my usual bias towards 'value' and aversion to buying into momentum."
The hope was that the Brexit 'deal', and consequent outlook for the UK economy, would clarify in the course of 2017 - and while there is finally some sign of that now, for most of the year it's remained mired in the mud of uncertainty and ungentlemanly exchange. There is also the (partly related) theme of 'Value' staying out of favour - albeit with a few 'green shoots' starting to appear just as the snow comes tumbling - and getting ever cheaper over the year as the market sought reassurance in the "reassuringly expensive" havens of 'Quality' and 'Momentum'.
So what to do for 2018? "Double-down" on the combination of cheap UK and underappreciated 'Value', in the expectation (or should it be 'hope'?) that "this time NEXT year, Rodney".... or capitulate and jump on the market bandwagon, trusting that the wheels stay on for another 12 months? Anyone following my thoughts for any length of time will know the answer ... but either way, all will be formally revealed in due course, when I "publish" my Top Ten for 2018 - as I always promised to do, and likewise enourage others to participate.
FWIW my own 'real' portfolio fared better for 2017, up c.11.5% (total return around 15%). Very nicely outperforming the FTSE 100 (+7.6%) and All-Share (+9.0%) in both price terms and their total returns of broadly 12-13%, though lagging the overall Global Market return of 20%. Given I've owned 9 of my "Top Ten" stocks for most of the year, and that I didn't set out to pick mediocre stocks, you can deduce that much of my perfo
I think this 'Quad play' idea may just be another fashionable nostrum. I have recently subscribed to BT TV - mainly to save the high charges imposed by Sky. Some people I have spoken to about this decision gave me an odd look and said 'we've gone for Amazon and/or Netflix' (neither of whom are big in phones). I'm not sure that a mobile phone company such as Vodaphone would have the knowledge to develop a substantial TV service, which, I believe, requires a totally different skill set from that needed for supplying telecomms services . Vodaphone might do better sticking to their knitting - phones, broadband and data.
Finally, there appears to me to be little competition in the UK mobile market despite appearances to the contrary - I recently came to the end of my O2 contract and decided to explore the market. I need about 10GB a month, mainly to download maps and, frankly, there wasn't a hair's breadth of difference between the prices I was quoted by any of the big suppliers. You might say that shows an efficient market. I might respond - 'time for a little disruption'.
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