Saturday 27 May 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


Unless you are an unbending yield muncher… sell Vodafone here

By Chris Bailey of Financial Orbit | Tuesday 16 May 2017


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Near the top of the FTSE-100 leaderboard today is the telecoms behemoth Vodafone (VOD), which proudly said earlier today that it had enjoyed a ‘good year, gaining share’. Of course the headline profit numbers were full of the negative impact of a non-cash impairment of €5 billion relating to its Indian business. But don’t worry about this! ‘Organic adjusted EBITDA growth of 4%-8%’ is expected and, with €5 billion of free cash flow and a 2% hike in the dividend, the yield munchers will be bought off. Right here, right now though, I would sell Vodafone shares.

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