VOD.L - Vodafone Group Plc
| Previous close | 122.64 |
| Open | 122.08 |
| Bid | 123.36 x 0 |
| Ask | 123.40 x 0 |
| Day's range | 122.00 - 123.72 |
| 52-week range | 0.99 - 1,602.00 |
| Volume | 32,533,403 |
| Avg. volume | 80,641,297 |
| Market cap | 33.106B |
| Beta (5Y monthly) | 0.72 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -28.20 |
| Earnings date | 12 May 2020 |
| Forward dividend & yield | 0.08 (6.45%) |
| Ex-dividend date | 11 Jun 2020 |
| 1y target est | 2.01 |
- Bloomberg
Middle Eastern Markets Climb With Oil, Stimulus Eyed: Inside EM
(Bloomberg) -- Stocks across the Middle East advanced, taking their cue from Friday’s rally in oil prices and amid further signs that governments are ready to do more to stimulate their virus-battered economies.Israel’s TA-35 rose as much as 1.5% in Tel Aviv, heading for the first increase in four sessions. The government said after markets closed Thursday that unemployment benefits will remain in place through June 2021 while the jobless rate stays above 10%, as part of a relief program worth about 90 billion shekels ($26 billion).In Dubai, the main index climbed as much as 0.5% after a new set of economic incentives worth 1.5 billion dirhams ($408.4 million) focused on reinforcing liquidity in companies and reducing the cost of conducting business. Still, S&P Global Ratings expects the city’s gross domestic product to shrink 11% this year amid subdued demand and low oil prices.Some of Dubai’s new measures are likely to “be made permanent, because the target is to reduce the overall cost of doing business,” said Jaap Meijer, the head of equity research at Arqaam Capital in the emirate. “Even before pre-covid crisis, Dubai had realized the cost of doing business had become too high.”Shares in Bahrain, Saudi Arabia, Abu Dhabi, Kuwait and Qatar and Egypt climbed as much as 2.1% after Brent crude advanced 2.1% to $43.24 per barrel on Friday.MIDDLE EASTERN MARKETS:S&P cut Dubai’s Emaar Properties and its subsidiary Emaar Malls from BBB-, the lowest investment grade, to BB+ and signaled that more downgrades may comeEmaar Properties -1.1%; Emaar Malls -2.7%Read more about Dubai’s market on SundayAdvanced Petrochem gains 0.8% even after reporting profit for the second quarter of SAR155m, 19% lower than last yearCo. got a SAR1.5b Islamic facility from three banksREAD: Advanced Petrochem Targets Asian Markets as Demand ReboundsSaudi Telecom Co. extended a non-binding pact to buy Vodafone Group’s Egyptian business for two months, citing coronavirus logistical challengesREAD: Saudi Telecom Extends MoU to Buy Vodafone Egypt StakeAmlak International will start trading in Riyadh on July 13Co. raised about SAR435m in an IPO earlier this monthMORE: Lebanon Fences Off More of Its Economy Against Currency CrisisFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Reuters
Saudi Telecom extends Vodafone Egypt stake purchase for second time
Saudi Arabia's largest telecoms operator Saudi Telecom Co (STC) <7010.SE> said on Sunday it would need another two months to complete the purchase of Vodafone Group's 55% stake in Vodafone Egypt. STC signed a non-binding agreement in January to buy the majority stake for $2.4 billion, but extended the process in April by 90 days, citing logistical challenges caused by the coronavirus pandemic. Vodafone Egypt is the country's biggest mobile operator with 44 million subscribers and a 40% market share.
- Fool.co.uk
Forget Cash ISAs, Bitcoin and gold. I’d buy bargain FTSE 100 shares to get rich and retire early
Many investors will hold some Cash ISAs, Bitcoin, and gold, but I think most of your long-term savings should go into bargain FTSE 100 shares.The post Forget Cash ISAs, Bitcoin and gold. I’d buy bargain FTSE 100 shares to get rich and retire early appeared first on The Motley Fool UK.
- Zacks
Ciena Supports Vodafone NZ to Offer Premium Digital Services
Ciena's (CIEN) cutting-edge 800G coherent optics enables Vodafone New Zealand to provide citizens with access to the world's finest digital services.
- Reuters
Speedy removal of Huawei would cost UK, operators - Vodafone and BT
Britain's rebound from COVID-19 could be harmed if the government demands a speedy removal of telecoms equipment made by China's Huawei from mobile networks, Vodafone and BT warned on Thursday. The world's second-biggest operator, Vodafone, said it would cost "single figure billions" of pounds to remove the equipment. BT has put the cost of complying with an existing requirement to lower Huawei usage at 500 million pounds ($633 million).
- Fool.co.uk
Don’t miss out! 4 FTSE 100 dividend stocks I think could help you get rich and retire early
Forget about the prospect of a second stock market crash, says Royston Wild. Savvy investors are buying top FTSE 100 dividend stocks to get rich.The post Don’t miss out! 4 FTSE 100 dividend stocks I think could help you get rich and retire early appeared first on The Motley Fool UK.
- Fool.co.uk
Vodafone’s share price is down 12% in 2020. Here’s my view on the stock now
Vodafone shares have underperformed in recent years. Here, Edward Sheldon looks at whether they're now a bargain, or a trap. The post Vodafone’s share price is down 12% in 2020. Here’s my view on the stock now appeared first on The Motley Fool UK.
- Fool.co.uk
Is the Vodafone share price really a bargain buy?
The Vodafone share price has fallen by 15% year-to-date. Does this recent fall in value make it a bargain buy or a value trap?The post Is the Vodafone share price really a bargain buy? appeared first on The Motley Fool UK.
- Reuters
First Dutch 5G auction begins with 900 million euro floor
The first Dutch government auction of bandwidth for 5G networks began on Monday with a 900 million euro ($1 billion) floor and network owners KPN, Vodafone and T-Mobile participating. The Dutch government is selling bandwidth in the 700, 1400 and 2100Mhz airwave ranges. The Dutch roll-out of 5G has lagged behind other European countries, though Vodafone said in April it had begun offering 5G services over its existing 4G network.
- Fool.co.uk
Stock market crash bargains: I’d buy these cheap FTSE 100 dividend shares today
The worst of the stock market crash may be over, but Roland Head thinks that income investors can still pick up some high-yield bargains.The post Stock market crash bargains: I'd buy these cheap FTSE 100 dividend shares today appeared first on The Motley Fool UK.
- Fool.co.uk
Forget Bitcoin and the Cash ISA! I’d buy cheap FTSE 100 shares now to get rich and retire early
Investing in cheap FTSE 100 shares after the stock market crash is a better way of building your retirement wealth than Bitcoin or the Cash ISA.The post Forget Bitcoin and the Cash ISA! I'd buy cheap FTSE 100 shares now to get rich and retire early appeared first on The Motley Fool UK.
- Bloomberg
Virus Is Hastening Mobile-Banking Pioneer’s Race to Replace Cash
(Bloomberg) -- Africa’s burgeoning mobile-banking industry has gained fresh momentum with governments boosting payments through phones, a measure aimed at curbing the coronavirus by reducing the physical exchange of cash.Kenya is ramping up its use of technology platforms offered by Vodafone Group Plc’s M-Pesa, Airtel Kenya Ltd. and Telkom Kenya Ltd. since the pandemic to disburse aid directly to businesses and individuals using mobile money rather than through banks or food parcels. Ghana on Wednesday also started pumping stimulus to at least 100,000 micro-, small- and medium-sized enterprises using mobile money.Pioneered by Vodafone’s Nairobi-based Safaricom Plc in 2007, mobile money has become an indispensable part of how Africa’s 1.2 billion people pay for goods and services, buy funeral cover or borrow money, without a smartphone. Now, the need from governments to find a quick and safe way of sending funds during the pandemic is underscoring the service’s increasingly systemic role.“Government disbursing monies via M-Pesa shows high integrity has been accorded to the platform,” said Tracy Kivunyu, an analyst at Tellimer Ltd. in the Kenyan capital, Nairobi.While Europeans are shunning cash for cards over hygiene concerns, some African nations lack the infrastructure to rely only on plastic. As restrictions on movement to curb Covid-19 infections prevent customers from accessing cash, more are turning to mobile money to fill the gap. After Kenya’s partial lockdown started in March, a million new users joined M-Pesa, taking subscribers to 25 million, or about three quarters of Kenyans over 15.In Ghana, mobile money purchases reached a record in March, according to central bank data, while a cash shortage in Zimbabwe means 90% of transactions are done digitally. Nigerian startup digital bank Kuda said it opened more accounts in April than the prior three months combined. Togo, a nation of eight million, was able to distribute emergency financial support to 500,000 people, mostly women, in less than two weeks using mobile phones, according to the International Monetary Fund.Top Market“These changes, triggered by Covid-19, have enabled the acceleration and scaling of cashless and digital economies,” said Serigne Dioum, head of mobile-financial services at MTN Group, the continent’s largest wireless carrier. “They support our ambition to transition to an end-to-end platform, creating a digital market place, connecting consumers to businesses, and businesses to businesses.”Mobile money is the fastest-growing source of income for wireless-network operators like Johannesburg-based MTN and the African units of Newbury, England-based Vodafone Group. Sub-Saharan Africa has more mobile-money accounts than anywhere else in the world, with about 396 million at the end of 2018, or 46% of all customers, according to the GSMA, the global mobile-operator industry group.Heightened reluctance to use potentially virus-spreading cash will probably continue once the economies rebound, Peter Ndegwa, the chief executive officer of Safaricom, who took the post in April, said in an interview. M-Pesa is used by more than 37 million people across seven African countries.The crisis has also quickened the next phase of M-Pesa’s development: a bigger push into financial services for Kenya’s small- to medium-sized businesses. Expanding revenue streams into business-related payments will help generate higher margins from M-Pesa’s ecosystem, said Tellimer’s Kivunyu.Safaricom has 173,000 merchant partners who can receive payments over M-Pesa and has the technology to enable more services once regulatory approvals are granted.“In terms of employment, the small business sector is the lifeline of this country,” Ndegwa said. That led to a partnership between Safaricom and Visa Inc. to explore and develop digital payment systems to further expand M-Pesa’s reach. It also ties into Safaricom’s strategy of coaxing more people onto 4G devices, which would let customers access more sophisticated financial services. Most Kenyans don’t have internet-enabled phones, so half of M-Pesa transfers are made via text message.In Ghana, companies other than mobile network operators can now get licenses, which could prompt a drop in prices with more competition, said Archie Hesse, CEO of Ghana Interbank Payment and Settlement Systems Ltd. Ghana is disbursing part of its 600 million cedis ($104 million) Covid-19 stimulus package via mobile money, said Kosi Yankey-Ayeh, executive director of the National Board for Small Scale Industries.The start of MTN’s mobile-money service in Nigeria in August, along with initial approvals for Globacom Ltd. and 9Mobile, means a sleeping giant is awakening in Africa’s most populous country, long served only by banks. Uzoma Dozie, CEO of Sparkle Ltd., a Lagos-based digital bank that began operations this month, expects to reach half a million customers in the next 18 months.“This pandemic has been a defining moment for mobile-money providers, said Akinwale Goodluck, head of Sub-Saharan Africa for GSMA. “It indicates that Africa can lead the world in digital financial transformation toward a cashless society.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- FX Empire
Ford Motor Join Hands With Vodafone for 5G Network in The UK
Ford Motor has signed a deal with Vodafone to install a fifth-generation technology network at its electrified powertrain facility in Essex.
- Reuters
Ford signs deal with Vodafone for private 5G network in UK
The project is part of a 65-million-pound investment in 5G backed by the UK government, according to Ford and Vodafone, and would be among the first of its kind in Britain. The private 5G network at Ford's facility will replace older Wi-Fi networks and help speed up the production of EV components, according to the companies.
- Fool.co.uk
Forget the Cash ISA! I’d buy Vodafone shares to get rich
Vodafone shares offer one of the best dividend yields in the FTSE 100, which may mean they produce much better returns than the market's best Cash ISA.The post Forget the Cash ISA! I'd buy Vodafone shares to get rich appeared first on The Motley Fool UK.
- Bloomberg
Vodafone Invites Pitches for $2 Billion Tower IPO
(Bloomberg) -- Vodafone Group Plc has invited advisers to pitch for a role on the planned initial public offering of its European towers unit, which could raise more than 2 billion euros ($2.2 billion), people with knowledge of the matter said.The U.K. carrier asked potential underwriters to submit proposals next month, according to the people, who asked not to be identified because the information is private. It plans to list the business as soon as early 2021 and is considering seeking a valuation of 10 billion euros to 20 billion euros, the people said.Rothschild is helping manage the IPO preparations as financial adviser to Vodafone, according to the people. The role typically involves overseeing the selection of deal arrangers as well as making recommendations on other aspects of the listing.Telecom operators are increasingly seeking ways to extract value from their tower portfolios. Wireless infrastructure has been drawing interest from investors attracted to the steady, long-term nature of the assets. Vodafone’s listing could help revive the European IPO market, which is on track for the slowest first half since 2012, according to data compiled by Bloomberg.Vodafone is leaning toward Frankfurt as a listing venue, though no final decisions have been made, the people said. Deliberations are at an early stage, and the amount it ultimately raises will depend on market conditions and the percentage stake it sells in the offering, according to the people.Representatives for Vodafone and Rothschild declined to comment.Vodafone announced last year that it had plans to carve out its towers business and consider it for an IPO or minority stake sale. The new unit was expected to include about 61,700 masts in 10 countries, Vodafone said at the time, with operations likely to generate about 900 million euros of annual earnings before interest, tax, depreciation and amortization.London and Frankfurt are both strong contenders for a listing venue, Vodafone’s Chief Executive Officer Nick Read said on a May media call.(Updates with Rothschild response in sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Reuters
UK tells telcos to stockpile Huawei gear in face of U.S. sanctions: letter
British security officials have told UK telecom operators to ensure they have adequate stockpiles of Huawei equipment due to fears that new U.S. sanctions will disrupt the Chinese firm's ability to maintain critical supplies, according to a letter seen by Reuters. Britain granted Huawei a limited role in its future 5G networks in January, but Prime Minister Boris Johnson has since come under renewed pressure from Washington and some lawmakers in his own party who say the company's equipment is a security risk. Huawei has repeatedly denied the allegations.
- Fool.co.uk
Is the Vodafone share price too cheap to ignore?
The Vodafone share price has crashed over the past five years. Here's why I think we've passed the bottom and it's time to buy.The post Is the Vodafone share price too cheap to ignore? appeared first on The Motley Fool UK.
- Fool.co.uk
Forget gold and Bitcoin. The market crash is your chance to buy bargain FTSE 100 stocks
This year's stock market crash came as a massive shock but it is also a fantastic opportunity to build wealth for the future.The post Forget gold and Bitcoin. The market crash is your chance to buy bargain FTSE 100 stocks appeared first on The Motley Fool UK.
- Zacks
CommScope Deploys Smart Home Solution With Vodafone Germany
CommScope (COMM) brings an avant-garde product backed by next-gen broadband technology, DOCSIS 3.1, to enhance the connected home experience of Vodafone Germany's subscribers.
- Fool.co.uk
Don’t waste the sale! 2 cheap stocks I’d buy and hold today
These two cheap stocks are a good choice for a long-term investor's portfolio. Now is an ideal time to buy them on sale, says Rachael FitzGerald-Finch.The post Don't waste the sale! 2 cheap stocks I'd buy and hold today appeared first on The Motley Fool UK.
- Stockopedia
What does the future hold for the Vodafone share price?
The Vodafone (LON:VOD) share price has risen by 2.49% over the past month and it’s currently trading at 123.02. For investors considering whether to buy, hold...
- Reuters
Vodafone says UK's desire to lead in 5G will suffer a blow if Huawei is ripped out
"The UK's leadership in 5G will be lost if mobile operators are forced to spend time and money replacing existing equipment", Scott Petty, Vodafone UK's chief technology officer, told Reuters in an emailed statement. The British government should make efforts to expand 5G coverage and invest in the next stage of this technology instead of stripping out the equipment of the Chinese telecoms equipment maker, Petty said.
- Reuters
Thousands of Vodafone UK customers face call connection problems
The issue for most customers seemed to be resolved within an hour, with Vodafone saying it was caused by a change the company had made to block a range of telephone numbers used to make spam calls. "We'd like to apologise to any customers who struggled to make phone calls this evening," Vodafone said in a statement.
- Fool.co.uk
Have £1,000 to invest? I’d buy these FTSE 100 dividend stocks
Jonathan Smith says why he's excited about Morrisons and Vodafone as FTSE 100 dividend stocks to generate income during a looming recession.The post Have £1,000 to invest? I'd buy these FTSE 100 dividend stocks appeared first on The Motley Fool UK.
