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Steven Dotsch

 
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  • Vodafone Group: Cash Flow Still King [View article]
    Vodafone to exit Verizon Wireless?

    As per Robin Bienenstock comments "With Verizon trading at all-time high multiples; US investors appearing to suspend disbelief on the impending deterioration of the US wireless market; and an urgent need for major strategic change in Europe, there may never be a better time for Vodafone to relinquish its 45% of VZW"

    I await your comments at http://seekingalpha.co...
    Oct 29, 2012. 09:30 AM | 1 Like Like |Link to Comment
  • It's Time To Revisit This High Yielding Telecom Play [View article]
    Will Vodafone exit Verizon Wireless?

    As per Robin Bienenstock comments "With Verizon trading at all-time high multiples; US investors appearing to suspend disbelief on the impending deterioration of the US wireless market; and an urgent need for major strategic change in Europe, there may never be a better time for Vodafone to relinquish its 45% of VZW"

    I await your comments at http://seekingalpha.co...
    Oct 29, 2012. 09:29 AM | Likes Like |Link to Comment
  • Vodafone's Dividend Is Safe, With More To Come [View article]
    Many thanks for all the comments thus far; may I want to add one myself for you to comment on . . .

    Will Vodafone exit Verizon Wireless?

    As per Robin Bienenstock comments "With Verizon trading at all-time high multiples; US investors appearing to suspend disbelief on the impending deterioration of the US wireless market; and an urgent need for major strategic change in Europe, there may never be a better time for Vodafone to relinquish its 45% of VZW"

    I await your comments

    Thanks

    Steven
    Oct 29, 2012. 09:25 AM | 1 Like Like |Link to Comment
  • Tesco's Dividend Safe, For Now [View article]
    Hot on the heels of our article on Tesco, Mike Tattersall, analyst at UBS, has upgraded Tesco to ‘buy’ from ‘neutral’, saying the supermarket giant looks set to pursue a more cash-generative strategy that could see it return as much as £15 billion to investors over the next six years.

    By stabilising the core UK business, cutting expansion spending and rolling back international ambitions, Tesco would become “a lower growth but more cash generative investment proposition,” UBS said.

    “Since April, we have become more convinced that this is the strategy that Tesco will follow and that it will create value for shareholders.”

    'This has the scope to drive significant cash returns – our analysis suggests the company could feasibly buy back almost £8 billion of equity and return about 60% of market cap to investors in cash.'

    'In our view, Tesco is a cheap asset with under-appreciated strategic optionality.The prospect of a decisive shift in strategy towards cash generation, prompts us toshift the basis of our price target (now 370p versus 350p) to a 10% sector premium,' he concluded.

    If implemented, this assumes nearly £8bn of share buy-backs; further property disposals, a withdrawal from the US market and continued dividends payments.
    Oct 18, 2012. 04:06 AM | Likes Like |Link to Comment
  • BT's 5% Dividend Yield, Cheap Valuations, And Dividend Growth Make It A Buy [View article]
    I am afraid if you are looking for a solid track record of growth, you better pass on BT as their results are where there are many years ago.

    Also BT's dividend was heavily cut in 2009, while management has stated its intent to grow BT's dividends by 10% to 15% a year over the next 3 years. How is unclear.

    And don't forget those large debts and giant pension obligations - BT currently has a multi-billion pound funding deficit.

    Rather stick with VOD and don't expect a take-over for BT from VOD any time soon (why?); they are still digesting CW&W.
    Sep 8, 2012. 12:33 PM | 1 Like Like |Link to Comment
  • Reclaim Dividend Withholding Tax To Maximise Returns [View instapost]
    Hi Hunting

    I am afraid, I am unable to answer that.
    May I suggest follow up with TaxBack, as mentioned in my article.

    Best

    Steven
    Jun 26, 2012. 08:28 AM | Likes Like |Link to Comment
  • Vodafone's 7.4% Dividend Yield Trumps Verizon And AT&T [View article]
    Great overview, Todd!

    For my take on VOD (from a UK perspective), see: http://seekingalpha.co...
    Jun 1, 2012. 10:55 AM | Likes Like |Link to Comment
  • BAE Systems Is On A Roll [View article]
    Hi Paul

    Thank you for your response.

    I am afraid, that's the kind of information our subscribers pay for at Dividend Income Investor.com including the crucial data at what share price BAE Systems Plc is historically overvalued and historically undervalued.
    May 24, 2012. 11:18 AM | Likes Like |Link to Comment
  • Vodafone Results: Largest Dividend Payer In The FTSE 100 [View article]
    Such as . . .
    May 23, 2012. 05:06 PM | 1 Like Like |Link to Comment
  • Withholding Tax Rates By Country For Foreign Stock Dividends [View article]
    Hi Jocardan

    Strange, as the link above leads to another article of mine at Seekingalpha. If you do not want to follow the link, click on my name and follow the link from my profile.

    Here is the link again: http://bit.ly/yO4kya
    May 16, 2012. 03:50 AM | Likes Like |Link to Comment
  • Facebook's IPO Valuation May Be Too Ambitious Given A Weak Equity Market [View article]
    A bit of fun . . .

    With the markets having a bit of a down day I also wondered how Facebook's IPO is going to develop the next few days.

    Facebook is about to go public with a valuation of roughly $100 billion. Unfortunately, only a few dozen insiders are likely to make an absolute ‘killer' return. Not me though!

    Many people are saying that Facebook's valuation is rather lofty given that growth has been slowing and how many more billions of people can they sign up?

    As we all know, Facebook is the largest and most popular social network on the internet . . . at least right now. But did you get in owning of Facebook when it was first launched? I didn’t.

    But there is an alternative . . . “Zurker”.

    Some pundits are already seeing Zurker rivalling Facebook . . . well, perhaps, at some stage. Who knows?

    Right now Zurker is still very small (especially in comparison to Facebook) – we are talking about several 100.000s of members as we speak globally, so you are unlikely to find (m)any of your friends or family on Zurker.

    What I like about Zurker is that as a member you enjoy some of the control and positives of shared ownership of your own social media platform. So, it is sure worth trying it and asking some of your friends and family to join you.

    It could even 'challenge' Facebook’s domination of the social media world . . . well, one day perhaps. And when that happens wouldn’t you wish that you could have owned a stake in it at its start?

    At the moment Zurker’s membership, and free ‘Vshares’, is by invitation only. So < a href="http://bit.ly/JegPzZ">here’s your invite. By the way 'Vshares' stands for virtual shares.

    Currently, Zurker is quietly being built behind the scenes, and in doing so, those who are helping to build it by inviting others to join for free, Zurker is giving away two free Vshares in the company for every member you refer who joins up for free within 24 hours of you signing up.

    Also for the ‘social media’ capitalists out there with some spare cash you can also purchase additional shares for about $1 per share, up to a maximum of $500 in Vshares.

    I don’t know of any social network that let members be owners in the company, at its start. Just imagine, you could own a ten bagger in just a few years from now, if that, – especially if the free shares you earn are then worth $10 or more per share.

    Will you make any money?

    If Zurker grows large enough the Vshares will eventually be converted into real shares. Zurker is still privately held. So you aren't becoming a “millionaire” overnight, but there is a possibility.

    I am not making any predictions here, but at the same time, when you can join for free, and earn some shares just for referring others – you aren’t risking a penny, only a bit of time.

    We can all dream of riches as some of Facebook ealy stage investors.
    May 14, 2012. 11:41 AM | Likes Like |Link to Comment
  • AstraZeneca Wounded But Definitely Not Out [View article]
    UBS has reiterated its buy rating on the stock.

    'With the announcement that CEO Brennan is retiring and new chairman Johansson is starting on June 1st, we increasingly see the likelihood of strategic announcements in 2012 that would unleash value in AZN shares,' the broker said.

    UBS sees three such 'strategic announcements' as possible:
    "(1) AZN enhances sustainability by buying low-cost medicines to distribute using its leading geographical footprint, with c50-60% 2016-18E earnings per share accretion possible;
    (2) AZN bolts on assets that offer Crestor some protection from generics, boosting 2017-18E earnings before interest and tax by more than 15%; and
    (3) AZN is sold, perhaps at a 30%-plus premium."

    Regardless of what happens, the broker says that it expects visibility on key controversies to support the shares before long.
    May 4, 2012. 10:29 AM | Likes Like |Link to Comment
  • Vodafone's Latest Deal Fuels Further Earnings Growth, Dividend Support [View article]
    Thanks guys for the kind feedback.

    Dave, of course you are right it is not a done deal. But this is my view of what may happen if and when the transactions is completed.
    Apr 27, 2012. 09:43 AM | Likes Like |Link to Comment
  • AstraZeneca Wounded But Definitely Not Out [View article]
    Hi Shilpy

    Indeed, AZN pays dividends twice a year and its recent history shows a stongly rising trend. Whether that is to continue is questionable following these results. They may well plateau for the next few years, in particular if AZN continues with its share buy-back program leading to dividend payments distributable over a smaller number of shares outstanding.
    Apr 27, 2012. 09:40 AM | Likes Like |Link to Comment
  • Tesco's Results Are Shaky But The Dividend Is Safe [View article]
    Tesco turning the corner - too early to tell

    Tesco's 2011-12 UK like-for-like sales were disappointing. Excluding petrol and VAT, like-for-like sales turned increasingly negative through the year culminating in a 1.6% decline in the fourth quarter.

    So, it is encouraging to see that the initial steps undertaken in the wake of the shock profit warning in January to reverse the deteriorating situation are having effect as per the figures recently released from market researcher Kantar WorldPanel.

    Kantar’s figures revealed that Tesco market share was 30.7 per cent in the 12 weeks to April 15, compared with the 30.2 per cent and seven-year low of 29.7 per cent recorded in the previous two months.

    However, Tesco's share is still below the 30.9 per cent reported in April 2011.

    Tesco's year-on-year sales growth was 4.2 per cent in the 12-week period, lagging market growth of 5 per cent but still an improvement on growth rates seen so far this year. Overall market growth of 5 per cent was the highest since January 2010 but according to Kantar this was mainly fuelled by food price inflation rather than real volume increases.

    Tesco's market share has been squeezed by low-cost grocers such as Aldi and Lidl as well as upmarket retailers such as Waitrose.

    Kantar director Edward Garner said: "The discounters and Waitrose are outperforming the middle ground as shoppers polarise their spend. This may also be a result of cutbacks on eating out, which have meant that some shoppers are willing to spend more money on bringing the dining out experience into the home”.

    Among the UK's top-four grocers, Tesco remains the clear market leader, while Wal-Mart's Asda saw its market share grow year-on-year from 17 per cent to 17.6 per cent, reflecting the conversion of Netto stores acquired last year. Sainsbury's held its share at 16.6 per cent, while Morrisons dipped from 12.1 per cent to 11.9 per cent.
    Apr 25, 2012. 08:42 AM | Likes Like |Link to Comment
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