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Opinions Norman Levine
Vodafone Group PLCVODBUYApr 10, 2013
Norman LevineStock price when the opinion was issued
As of Jun 18, 2026. Market Open.
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Premium contentOur PAST TOP PICK with VOD has triggered its stop at $9. To remain disciplined, we recommend covering the position at this time. When combined with previous buy recommendations, this will result in a net investment loss of 4%.
Premium contentPremium contentWe reiterate VOD, who is teaming up with Amazon to provide satellite based service into Africa and Europe, as a TOP PICK. The project is set to begin in 2024 and avoids land-based fibre optic investment. It trades at 13x earnings and under book value, while supporting a 20% ROE and growing cash reserves. We continue to recommend a stop at $8, looking to achieve $12 -- upside over 25%. Yield 0.9%
(Analysts’ price target is $13.72)Premium contentThe recently announced proposed merger with another network provider has great upside potential and is called a "game changer" for bringing more competition to the UK mobile market, while allowing economies of scale for a 5G rollout. The company trades at 9x earnings, under book value, is growing cash reserves, and supports a 20% ROE. We recommend placing a stop-loss at $8, looking to achieve $13 -- upside potential of 33%. Yield 0.9%
(Analysts’ price target is $13.38)
A hard one to look at. You will see red if you have held it for a while. This is due to their spinout. Your book price is higher due to the fact it does not take into account of the dividend from the spinout. Tends to build up companies and then spins them out. There is growth however. Brexit was the biggest impediment for them. UK based companies now should do pretty well. Good for income.
Darren SissonsNot a tech company, but does provide access to the internet. Overexpanded and took on a lot of debt. Great business in the UK and Europe. How do they integrate 5G and the cable business? Will have a lot of capex going forward. He'd rather own a Canadian telecom like BCE. Good yield.
Darren Sissons
Been buying for new clients because he likes the outlook. 2nd biggest wireless telephone company globally with operations in Europe, Asia and Africa, but the prize asset is 45% ownership of Verizon Wireless US (VZ-N). Verizon has paid out about $10 billion in dividends each year in the last 2 years. Thinks this will be a happening on an accelerating and ongoing basis. Meantime he believes Verizon would like to get its hands on the rest of Verizon Wireless. Thinks that Vodafone is amenable to selling their holdings at the right price and to buy up some of its minority assets in Europe, Asia and Africa. There is also talk of Verizon and AT&T buying up all of this company. There is so much smoke out there, that he believes there is some kind of fire.