Money sucked in here yet again with transient early false dawn bounces up to 136.40+ highs, only to finish at new L/T low of 126.84. Volume again high. Indicates more large funds exiting.
Hard to see many positives right now. Revenues well down, competition rising, key markets heading for downturns, debt high, Liberty Global deal to add more new debt whilst not seeing maximum profit benefits for a good few years yet. Might we be better off if the EU refused to sanction this deal? Standard use of 5G technology is still years away, whilst prices will come down. EU decision next month.
Having not bailed earlier, I’m now in for the longer ride. Will collect another dividend at least, XD 6th June. But I’ve set preliminary targets of at least 160+, more likely 165+, to reduce or exit this altogether. So maybe by next year.
Only myself to blame 100% of course. When we spiked to 170+ early December, it crossed my mind, however briefly, to exit. I dallied, delayed & sat for 180+ instead. Huge error & exceedingly blinkered!
Only hope we’re not headed to revisit lows of 115 seen 10 years ago. VOD’s 10-year chart looks as awful as it is. - GLA.
PS: Previous post (to Ripley) deleted by me as I was replying to him in another VOD thread. I linked this one & unintentionally ended up replying to Ripley in this thread. Cheers.