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Vodafone Group PLC (VOD)

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idpickering
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Re: Vodafone Group PLC (VOD)

#397164

Postby idpickering » March 19th, 2021, 4:01 pm

SHARE BUYBACK PROGRAMME

In March 2019, Vodafone Group Plc ('Vodafone') issued a two-tranche mandatory convertible bond ('MCB'), the first tranche of which (£1,720,000,000 1.20 per cent. Subordinated Mandatory Convertible Bonds; ISIN XS1960588850) matured on 12 March 2021, and the second tranche of which is due to mature in March 2022. In order to satisfy the conversion of the first tranche of the MCB, 1,426,710,898 shares were issued from existing shares held in treasury. Vodafone today announces it will commence a new irrevocable and non-discretionary share buy-back programme on 22 March 2021 (the 'Programme'). The sole purpose of the Programme is to reduce the issued share capital of Vodafone to partially offset the increase in the issued share capital as a result of the maturing of the first tranche of the MCB.

Vodafone currently intends to launch additional share buy-back programmes over the next 12 months to reduce the issued share capital of Vodafone, to further offset the increase in the issued share capital as a result of the maturing of the first tranche of the MCB, before the second tranche of the MCB matures in March 2022. Details of any such programmes, including the target number of shares to be repurchased, would be announced before any trading under such programmes begins.


https://www.investegate.co.uk/vodafone- ... 15018687S/

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Re: Vodafone Group PLC (VOD)

#402175

Postby idpickering » April 7th, 2021, 7:20 am

VODAFONE FOUNDATION AND VODACOM GROUP DONATE TO SECURE COVID VACCINE SUPPLY IN ITS AFRICA MARKETS

million) to support the vaccine roll-out to vulnerable and hard to reach communities across its markets in Africa.

· The contribution will buy cold-chain technology and provide logistics support to help to ensure the safe delivery of Covid-19 vaccines that need to be stored at extremely cold temperatures.

· Separately the organisations will donate €0.8 million (R13 million) to Lesotho to purchase vaccines.

· The Vodafone and Vodacom Group Foundations have already contributed €10 million (R176 million) in cash and in-kind donations in response to the pandemic.

Vodafone Foundation and Vodacom Group have pledged to donate €4.2 million (R74 million) to ensure that Covid-19 vaccines are securely delivered to its markets across the continent. Procurement of the life-saving equipment will be managed through the African Vaccine Acquisition Task Team (AVATT), established by the African Union as a component in support of the Africa Vaccine Strategy .


https://www.investegate.co.uk/vodafone- ... 00135905U/

A nice touch from Vodafone.

Ian.

idpickering
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Re: Vodafone Group PLC (VOD)

#405211

Postby idpickering » April 19th, 2021, 7:16 am

VODACOM GROUP PARTNERS WITH AUDA NEPAD FOR MAJOR VACCINE ROLL-OUT

· Vodacom Group and the African Union Development Agency (AUDA-NEPAD) will offer the mVacciNation digital toolbox - a mobile technology platform that manages vaccination appointments and stock availability - in African Union member states to accelerate the Covid-19 vaccine roll-out.

· In South Africa, the National Department of Health has used mVacciNation to register health workers on its Covid-19 Electronic Vaccine Data System (EVDS), and nearly 279,000 vaccinations have been administered to date.

· mVaccination has also been successfully deployed in Mozambique, Tanzania and Nigeria to manage infant inoculations.

· There will be a webinar jointly hosted by Vodacom Group and AUDA-NEPAD to introduce mVacciNation for representatives of African Union member states and interested parties on 21 April 2021. To register for the webinar, click here

Vodacom Group, part of Vodafone Group, will work with AUDA-NEPAD to build digital infrastructure to manage vaccinations across up to 55 countries, following successful deployments in South Africa - to manage Covid-19 vaccinations - and in Mozambique, Tanzania and Nigeria - to manage infant inoculations.


https://www.investegate.co.uk/vodafone- ... 00098030V/

idpickering
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Re: Vodafone Group PLC (VOD)

#412862

Postby idpickering » May 18th, 2021, 7:13 am


idpickering
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Re: Vodafone Group PLC (VOD)

#413256

Postby idpickering » May 19th, 2021, 3:48 pm

Share Buyback Programme

In March 2019, Vodafone Group Plc ('Vodafone') issued a two-tranche mandatory convertible bond ('MCB'), the first tranche of which (£1,720,000,000 1.20 per cent. Subordinated Mandatory Convertible Bonds; ISIN XS1960588850) matured on 12 March 2021, and the second tranche of which is due to mature in March 2022. In order to satisfy the conversion of the first tranche of the MCB, 1,426,710,898 shares were issued from existing shares held in treasury. Between 22 March 2021 and 18 May 2021, Vodafone undertook an irrevocable and non-discretionary share buy-back programme to reduce the issued share capital of Vodafone to partially offset the increase in the issued share capital as a result of the maturing of the first tranche of the MCB (the ' Programme'). Vodafone today announces it will commence a new irrevocable and non-discretionary share buy-back programme (the 'New Programme'). The sole purpose of the New Programme is to further reduce the issued share capital of Vodafone to partially offset the increase in the issued share capital as a result of the maturing of the first tranche of the MCB.

Vodafone currently intends to launch additional share buy-back programmes over the next 10 months to reduce the issued share capital of Vodafone, to further offset the increase in the issued share capital as a result of the maturing of the first tranche of the MCB, before the second tranche of the MCB matures in March 2022. Details of any such programmes, including the target number of shares to be repurchased, would be announced before any trading under such programmes begins.


https://www.investegate.co.uk/vodafone- ... 35431228Z/

idpickering
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Re: Vodafone Group PLC (VOD)

#429818

Postby idpickering » July 23rd, 2021, 7:08 am

Q1 FY22 Trading Update

Growth in Europe and Africa

· Group service revenue growth of 3.3 %* (Q4: 0.8%*), with growth across both Consumer and Business segments

· Strong service revenue trend, including one-off growth of around 1.0 percentage point following COVID-19 disruption last year

· Good service revenue growth in Germany of 1.4 %* (Q4: 1.2%*)

· Europe mobile contract churn 1.6 percentage points lower than Q1 FY20 (pre-pandemic), but commercial activity yet to return to normal conditions

· Roaming and visitor revenue grew 56% year-on-year, but still 54% lower than Q1 FY20 (pre-pandemic)

· Vodafone Business service revenue growth of 2.7%*, driven by strong growth in IoT and digital services

· Strong growth in Africa, with M-Pesa transaction volumes increasing 45% year-on-year

· On track to deliver FY22 guidance with Adjusted EBITDAaL expected to be between €15.0 - €15.4 billion and Adjusted FCF of at least €5.2 billion



https://www.investegate.co.uk/vodafone- ... 00082099G/

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Re: Vodafone Group PLC (VOD)

#443858

Postby idpickering » September 20th, 2021, 3:18 pm

ACTION TO CONNECT 3.4BN WITH SMARTPHONES BY 2030

THE BROADBAND COMMISSION FOR SUSTAINABLE DEVELOPMENT AND VODAFONE URGE ACTION TO CONNECT 3.4BN PEOPLE WITH SMARTPHONES BY 2030

· First multi-stakeholder initiative to address global mobile internet access gap has been launched by Vodafone Group and the International Telecommunication Union (ITU) as co-chairs via a dedicated Working Group under the auspices of the ITU/UNESCO Broadband Commission for Sustainable Development .

· Of the 3.7 billion people not connected to the internet, 3.4 billion live within range of mobile networks but are currently not accessing the internet, partly due to a lack of smartphone ownership1.

· Accelerated use of digital public services during the pandemic, mobile money, and the need for digital skills for jobs has made mobile internet access through a smartphone more important than ever.


https://www.investegate.co.uk/vodafone- ... 30052262M/

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Re: Vodafone Group PLC (VOD)

#456980

Postby idpickering » November 10th, 2021, 7:23 am

VODAFONE AGREES TO TRANSFER EGYPT TO VODACOM

VODAFONE AGREES TO TRANSFER ITS 55% INTEREST IN VODAFONE EGYPT TO VODACOM IN EXCHANGE FOR CASH AND NEW ORDINARY SHARES IN VODACOM

Vodafone Group Plc1 ("Vodafone") announces today that it has agreed to transfer its 55% shareholding in Vodafone Egypt to Vodacom Group Limited ("Vodacom"), its sub-Saharan African subsidiary. This transfer simplifies the management of Vodafone's African holdings and further strengthens the delivery of connectivity and financial services in Africa.


https://www.investegate.co.uk/vodafone- ... 00059159R/

idpickering
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Re: Vodafone Group PLC (VOD)

#458361

Postby idpickering » November 16th, 2021, 7:18 am

Half-year Report

Demonstrating sustainable growth in both Europe and Africa

· Group service revenue growth of 2.8%* in the first half of FY22

· Adjusted EBITDAaL growth of 6.5%* and margin expansion of 0.7* percentage points year-on-year to 33.6%

· Good performance in Germany with 1.2%* service revenue growth and 7.7%* Adjusted EBITDAaL growth

· Pre-tax return on capital employed increased by 0.8 percentage points to 6.3%

· Committed to improving returns through growth and portfolio action

And later;

The interim dividend per share is 4.5 eurocents (FY21 H1: 4.5 eurocents). The ex-dividend date for the interim dividend is 25 November 2021 for ordinary shareholders, the record date is 26 November 2021 and the dividend is payable on 4 February 2022.


https://www.investegate.co.uk/vodafone- ... 00104542S/

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Re: Vodafone Group PLC (VOD)

#458409

Postby vrdiver » November 16th, 2021, 9:52 am

idpickering wrote:Half-year Report

Demonstrating sustainable growth in both Europe and Africa

· Group service revenue growth of 2.8%* in the first half of FY22

· Adjusted EBITDAaL growth of 6.5%* and margin expansion of 0.7* percentage points year-on-year to 33.6%

· Good performance in Germany with 1.2%* service revenue growth and 7.7%* Adjusted EBITDAaL growth

· Pre-tax return on capital employed increased by 0.8 percentage points to 6.3%

· Committed to improving returns through growth and portfolio action

And later;

The interim dividend per share is 4.5 eurocents (FY21 H1: 4.5 eurocents). The ex-dividend date for the interim dividend is 25 November 2021 for ordinary shareholders, the record date is 26 November 2021 and the dividend is payable on 4 February 2022.


https://www.investegate.co.uk/vodafone- ... 00104542S/


My first thought was "the dividend has been held - not so good..." but Mr Market seems to be impressed; up over 5% vs FTSE100 down 0.1% as I write.

VRD

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Re: Vodafone Group PLC (VOD)

#458413

Postby idpickering » November 16th, 2021, 10:14 am

vrdiver wrote:
idpickering wrote:Half-year Report

Demonstrating sustainable growth in both Europe and Africa

· Group service revenue growth of 2.8%* in the first half of FY22

· Adjusted EBITDAaL growth of 6.5%* and margin expansion of 0.7* percentage points year-on-year to 33.6%

· Good performance in Germany with 1.2%* service revenue growth and 7.7%* Adjusted EBITDAaL growth

· Pre-tax return on capital employed increased by 0.8 percentage points to 6.3%

· Committed to improving returns through growth and portfolio action

And later;

The interim dividend per share is 4.5 eurocents (FY21 H1: 4.5 eurocents). The ex-dividend date for the interim dividend is 25 November 2021 for ordinary shareholders, the record date is 26 November 2021 and the dividend is payable on 4 February 2022.


https://www.investegate.co.uk/vodafone- ... 00104542S/


My first thought was "the dividend has been held - not so good..." but Mr Market seems to be impressed; up over 5% vs FTSE100 down 0.1% as I write.

VRD


I get where you’re coming from thanks. I hold but am unlikely to top up any time soon.

Ian.

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Re: Vodafone Group PLC (VOD)

#458431

Postby daveh » November 16th, 2021, 10:46 am

vrdiver wrote:
My first thought was "the dividend has been held - not so good..." but Mr Market seems to be impressed; up over 5% vs FTSE100 down 0.1% as I write.

VRD


That was my though too, but looking at the results net debt is up and they are spending on investing in the network and other capital expenditure. Si I don't want the to spend too much on the dividend now when they are investing (hopefully successfully) for growth.


Net debt at 30 September 2021 was €44.3 billion, compared to €40.5 billion as at 31 March 2021. Net debt increased by €3.8 billion due to the free cash outflow of €1.0 billion, equity dividends of €1.3 billion, share buybacks used to offset share dilution linked to mandatory convertible bonds of €1.1 billion, and other movements relating to mark-to-market losses recognised in the income statement of €0.4 billion.



They are also committing to at least 9euro cents for the full year dividend:

The systematic execution of our strategy translated into more consistent commercial performance and stronger financial performance, which can be summarised as:

· a significant improvement in service revenue performance;

· ongoing improvements in Adjusted EBITDAaL margins, growing from 31.6% in FY18 to 33.6% in H1 FY22;

· consistent free cash flow generation, resulting in a sustainable dividend policy of at least 9 eurocents per annum; and

· a continued focus on return on capital employed, with a 0.4 percentage point improvement in pre-tax ROCE to 6.3% between FY19 and H1 FY22.

The next phase of our strategy focuses on driving shareholder returns through growth. This will be delivered through three customer commitments and three enabling strategies, all of which work together towards realising our vision to become a new generation connectivity and digital services provider for Europe and Africa, enabling an inclusive and sustainable digital society.



So at 9c for the full year that is about 8p depending on exchange rates and a share price of 118 we are looking at a yield of 6.7%. I'm more than happy with that, particularly if they can grow both the dividend and the company in the future.

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Re: Vodafone Group PLC (VOD)

#477363

Postby OLTB » January 30th, 2022, 8:16 pm

Evening all - news that VOD shares may jump tomorrow as Cevian Capital (another activist fund) builds stake in Vodafone. Link here https://www.google.co.uk/amp/s/amp.ft.c ... 3229cfd54a

Sorry - link not working - here's another one https://www.thisismoney.co.uk/money/mar ... afone.html
Cheers, OLTB.

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Re: Vodafone Group PLC (VOD)

#477364

Postby SPURLEY » January 30th, 2022, 8:30 pm

Hello I can only see a blank FT page , do you need to pay to read the article .

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Re: Vodafone Group PLC (VOD)

#477366

Postby monabri » January 30th, 2022, 8:37 pm

Big UK companies with investor activists taking an interest.

Shell
BT
GSK
Pearson
Unilever
Vodafone
Aviva

Quite an indictment for UK companies ..... Maybe they will elect Brooklyn Beckham to the board at ULVR?

;)

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Re: Vodafone Group PLC (VOD)

#477367

Postby monabri » January 30th, 2022, 8:39 pm

270160 wrote:Hello I can only see a blank FT page , do you need to pay to read the article .



change into "incognito mode" in your browser and google "cevian vodafone" (without the " " )

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Re: Vodafone Group PLC (VOD)

#477389

Postby tjh290633 » January 30th, 2022, 11:59 pm

monabri wrote:Big UK companies with investor activists taking an interest.

Shell
BT
GSK
Pearson
Unilever
Vodafone
Aviva

Quite an indictment for UK companies ..... Maybe they will elect Brooklyn Beckham to the board at ULVR?

;)

I have all of those. We live in interesting times.

TJH

idpickering
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Re: Vodafone Group PLC (VOD)

#477931

Postby idpickering » February 2nd, 2022, 7:06 am

Vodafone Group Plc ⫶ Q3 FY22 trading update

Good performance in line with expectations and on track to meet FY22 guidance
• Group service revenue growth of 2.7%* (Q2: 2.4%*) with growth in both Europe and Africa
• Good service revenue growth trend, especially given increase in prior year comparative
• Consistent service revenue growth in Germany of 1.1%* (Q2: 1.0%*)


https://investors.vodafone.com/sites/vo ... Update.pdf

RNS here; https://www.investegate.co.uk/vodafone- ... 00093890A/

Ian.

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Re: Vodafone Group PLC (VOD)

#479548

Postby idpickering » February 9th, 2022, 4:39 pm

France’s Iliad bids for Vodafone Italian business


French telecoms group Iliad said it had made an offer to buy Vodafone’s Italian business in a move aimed at consolidating the competitive market in Europe’s third-largest economy.

If the bid was accepted it would be a test of regulators’ views on cutting the number of telecom operators from four to three within a country, which they had previously blocked in Denmark in 2015 and the UK in 2016 over concerns that it would dampen competition and hurt consumers. The size of the bid was not disclosed.

Bloomberg News first reported the news of the offer. Vodafone declined to comment.


https://www.ft.com/content/fec2c98f-fa9 ... 69247d5592

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Re: Vodafone Group PLC (VOD)

#479791

Postby idpickering » February 10th, 2022, 1:47 pm

ANNOUNCEMENT REGARDING VODAFONE ITALY

Vodafone Group Plc ("Vodafone") confirms it recently received a highly preliminary, non-binding indication of interest from Iliad S.A. ("Iliad") and Apax Partners LLP ("Apax") to acquire 100% of Vodafone Italy (the "Preliminary Indication of Interest").

Vodafone confirms it has rejected the Preliminary Indication of Interest, as it is not in the best interests of shareholders.

The Board and management of Vodafone remain focused on delivering shareholder value through a combination of its organic growth strategy over the medium-term and ongoing portfolio optimisation. Vodafone continues to pragmatically pursue several value accretive in-market consolidation opportunities to deliver sustainable market structures in its major European markets, including Italy.


https://www.investegate.co.uk/vodafone- ... 42553387B/


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