Newspaper article The Journal (Newcastle, England)

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Newspaper article The Journal (Newcastle, England)

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Article excerpt

Sunday Telegraph SHARES in telecoms giant Vodafone have come off highs, which means its dividend is looking attractive.

Full-year results on Tuesday are set to show a slight improvement in revenue and flat profits - the City's view is for revenues of pounds 44.3bn and operating profits of pounds 11.4bn compared with pounds 11.8bn a year earlier.

However, an investment in Vodafone is all about the cash generation and free cash-flow is expected to rise 19% to pounds 6.8bn.

The shares were 141.75p in September last year and are at roughly the same level now. The shares remain a buy for their cash-flow and attractive dividend yield.

Inter-dealer broker Tullet Prebon saw its shares crash last week after the company said takeover talks had ended and it reported a 12% fall in revenues to pounds 312m in the first four months of 2010 compared with the same period a year ago.

The shares slumped 13% on Thursday after news broke that there would no takeover. …

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