Vodafone Group Live Discussion

PrefInvestor1 14 Jun 2019

Trumped Again! Hi Again @devonplay , Well I have my own approach to managing losses which can be summarised pretty succinctly as “If 10% down and no immediate prospect of improvement then I’m out”. This may cost me something in some instances, but it certainly saved me a lot on the likes of VOD, CNA and a lot of other things that have gone on to perform badly. ATB as usual ! Pref

devonplay 14 Jun 2019

Trumped Again! PrefInvestor1: impact on your portfolio from the woodford issue ? Yeah, seen some @PrefInvestor1 But, as a long term investor you have to understand the difference between share price and business. The price going down for an issue like this doesn’t really concern me. If anything it’s an opportunity. If I was worried by price volatilty I’d never invest in EM, start-ups or equity generally. RAVP is slightly different if you ask me, I am more concerned about all the cross-support. VSL is a Woodford stock. I know you are concerned about capital preservation, I just don’t see volatility and capital loss as the same thing. Just look at REC from yesterday, price has drifted down for sometime. But, yesterday was up 16% and they increased the special div. by 38%. So, not it’s not causing me too much aggro, if any at all.

PrefInvestor1 14 Jun 2019

Trumped Again! Hi @devonplay, Guessing you have likely seen some negative impact on your portfolio from the wood ford issue. I held RAVP and NRR both of which are getting hit, the latter quite badly as the more liquid investment and so easier to sell I guess ?. I sold most of my RAVP some days ago at 137 before there was any impact, sold the rest yesterday at 132. They had dropped to 131 by cob and you could buy for 131.x. With WIM still having a big holding in RAVP and RAV and RAVC and I suspect more selling to come as the flood of redemptions from the funds takes effect. Similar story for NRR. Thought my purchase at 213.98 a while back was at a good price. But I sold at just under 190 yesterday. Woodford still has a 15% stake, XD to come, stock being heavily shorted. Retail REIT picture also getting worse by the day (viz Arcadia Group events). My fear is that NRR could do an INTU and plunge to ~150-160 and cut its dividend, let’s face it the bigger REITS like INTU and HMSO only trade at 1/2 to 1/3 of NAV. If you start to apply that to NRR you get a price much lower than where we are now. Too risky so I’m out !. VSL was also a woodford stock I think ?. Sadly I think that this whole issue has the potential to drag on for months and continue to drag down his biggest holdings in the process… Anyway, hope it’s not causing you too much aggro. My NRR holding was only small, thank goodness !. ATB Pref

Eadwig 13 Jun 2019

Trumped Again! Trisco: The slow fall in 3m LIBOR and swap rates, since the turn of the year, do not point to a rate hike at this time, or in the near future. IMO. It was discussed on the BBC on Monday and consensus was for a rate hike. Can’t remember very clearly now, tbh. Could be as early as July they said. Could be the Brexit nightmare scenario come true, rising interest rates amidst a slowing economy. U.K. – 11 Jun 19 BoE's Saunders says UK rates may need to rise before markets expect The Bank of England will probably need to raise interest rates sooner than finan... the Guardian – 11 Jun 19 Senior Bank of England officials warn of several interest rate rises Increases expected despite global slowdown, say three members of policy committee

ValueSeeker8 13 Jun 2019

Vodafone spends €1.88bn in German 5G spectrum auction Telecoms group bought 90 MHz in the 3.6 GHz band for €1.07bn and another €806.5mln for 40 MHz of 2100 MHz spectrum image.jpg757x468 67.1 KB Both bands have a licence term through to 2040. Best Regards @ValueSeeker8

Trisco 13 Jun 2019

Trumped Again! PrefInvestor1: So the BoE hiking would be a move against that trend, with the UK inflation rate falling back towards the 2% target (2.1% in April 2019) why would they do that ?. Dont see it myself, but we’ll see. The slow fall in 3m LIBOR and swap rates, since the turn of the year, do not point to a rate hike at this time, or in the near future.

jackdawsson 12 Jun 2019

Slight surprise that no comments on price collapse here? mememe: OK I understand you don’t have an ii VP account but all I’m saying is the system forces me to login to my research account (VP)otherwise it won’t let me access even the discussion boards. Perhaps it does this because I’ve had this VP account for 20 years could be more. @mememe, Thanks. That might explain it. The fact that you’ve had your VP with ii for 20 years. A very different situation for me. I was with TD Direct until ii’s takeover about November 2017. TDD didn’t even have a VP option to the best of my recollection. But otherwise they were an excellent broker, often delivering market-beating execution prices. I preferred TDD to ii for that alone. - Regards.

mememe 12 Jun 2019

Slight surprise that no comments on price collapse here? OK I understand you don’t have an ii VP account but all I’m saying is the system forces me to login to my research account (VP)otherwise it won’t let me access even the discussion boards. Perhaps it does this because I’ve had this VP account for 20 years could be more. MoneyAM is part of AJBell I don’t like it… For me the VP portfolio monitoring site is the best I monitor all brokers here even have my ii trading portfolio. I can add notes for each stock very useful.

jackdawsson 12 Jun 2019

Slight surprise that no comments on price collapse here? mememe: so you do have a VP account. I use it to monitor all my portfolios easy to view all in one place. The News section can be interesting. I didn’t change anything so lost nothing with the new platform. I like IG do all my foreign trades with them. So far have never paid custody charges FX charge 0.5% and can have multicurrency accounts. Hi @mememe As mentioned, I don’t have a VP with ii. That is, I never set one up with ii nor had need to. For years I had a VP with “MoneyAM”. For a long while that was ample for my needs, though towards the end I hardly ever looked at it. MoneyAM were taken over a few weeks ago by the “Shares” site. I’ve not bothered with any VP since as I no longer have a pressing need for one. But the only one I’ve ever had was with MoneyAM. Thanks for highlighting IG. That was another contender, but unlike the three brokers I mentioned, I believe IG impose some charges on inactivity over quarterly periods. When I move from ii, the bottom line for me is no added charges for simply holding stocks for longer periods. Though there were some years where I’ve done 70 to 75+ real share trades, other times I’ve done nothing but leveraged trading for over 8 months. I expect to see similar periods of inactivity with real shares in future. - Regards.

mememe 12 Jun 2019

Slight surprise that no comments on price collapse here? so you do have a VP account. I use it to monitor all my portfolios easy to view all in one place. The News section can be interesting. I didn’t change anything so lost nothing with the new platform. I like IG do all my foreign trades with them. So far have never paid custody charges FX charge 0.5% and can have multicurrency accounts.

Armageddon 12 Jun 2019

Slight surprise that no comments on price collapse here? No great secret to shorting. When consistent at buying, just inverse the same methodologies.

Armageddon 12 Jun 2019

Slight surprise that no comments on price collapse here? jackdawsson: Hence, will only be ploughing back funds from planned sells. That’s just in case things get really nasty later I think that scenario is assured. Harder to pinpoint the month however. But the cash reserve great for when it kicks in jackdawsson: & we end up going back to lows not seen for years. Already price alerts set at them. jackdawsson: But any real share account has obvious limitations during a serious downturn & is bound to get hit. But the leveraged account will be fairly handy (for shorting), as far more flexible. That’s regardless of any “munching teletubbies”. Can’t add to that summary. Bang on the nail

jackdawsson 12 Jun 2019

Slight surprise that no comments on price collapse here? Armageddon: Invest in the dark side of the force… munching teletubbies for a week will recoup 6 months… @Armageddon Maybe so for the really nifty. As regards my real shares account, I also want to keep significant cash in reserve. Hence, will only be ploughing back funds from planned sells. That’s just in case things get really nasty later & we end up going back to lows not seen for years. Not inconceivable &, if it happens, any recovery could take longer than before. BoE no longer has tools like reducing Interest Rates as they did after the previous crisis. But any real share account has obvious limitations during a serious downturn & is bound to get hit. But the leveraged account will be fairly handy (for shorting), as far more flexible. That’s regardless of any “munching teletubbies”. - Regards.

Armageddon 12 Jun 2019

Slight surprise that no comments on price collapse here? jackdawsson: Those will be at loss. But all proceeds from those sells will be re-invested elsewhere soon after. Still undecided where. Invest in the dark side of the force… munching teletubbies for a week will recoup 6 months…

jackdawsson 12 Jun 2019

Slight surprise that no comments on price collapse here? mememe: it won’t let me access the discussion board without logging in to my VP account. how do you access the boards? @mememe, As passwords for ii’s trading accounts & discussion BBs are different, I just remain logged in with latter, bar if I get logged-out by the system. That rarely happens. Maybe once or twice a year. I’ve kept the same password for ii BBs since joining May 2009. I know some changed their passwords for discussion BBs after ii switched over to the current layout. Some ended up losing their previous posting history & former aliases. But I’ve changed nothing. mememe: I’m getting rid of UK shares as fast as I can not that they’ve done much in the past year. Bloomberg radio had an interesting discussion yesterday how bad things are when compared to Europe which in itself is not doing well. It’s scary. I’m focussing on the US market but even that is so volatile. Do let us know if you move and who to. If I did I would most likely give iWeb a try (no exit charges). @J_Westlock, is quite happy with them (I think)- basic but cheap I agree we seem likely to face significant headwinds sooner than later, even if subsequent events see us avoid a major recession. Whilst I won’t be selling most of what I hold, preferring to take yield & wait for recovery, OTO, I also still hold significant stakes in stock I certainly want to exit soon. Those will be at loss. But all proceeds from those sells will be re-invested elsewhere soon after. Still undecided where. I’ll certainly keep you updated. It could be a few weeks though before I start the process. Quite a few other posters have recommended iWeb. Not just inexpensive, but also VG for trade execution prices. Comparable with brokers charging much higher commission. - Cheers.