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Vodafone - Director Share Sale

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OLTB
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Vodafone - Director Share Sale

#159842

Postby OLTB » August 15th, 2018, 1:55 pm

Afternoon all.

I see from an RNS that the CEO of Vodafone UK, Nicholas Jeffery, sold 566,382 Vodafone shares for a sum of £1,050,257.80 on Monday.

I wondered why the price was dropping - not suggesting anything of course, and maybe it was his plan to but with a sale price of 1.854328 per share, that seems awfully low (unless he knows something we don't of course mwah haaa haaa haaa haaa…. :twisted: )

Cheers, OLTB.

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Re: Vodafone - Director Share Sale

#159848

Postby melonfool » August 15th, 2018, 2:24 pm

And if he does know something we don't and acted on it, that would be insider trading of course!

Mel

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Re: Vodafone - Director Share Sale

#159849

Postby moorfield » August 15th, 2018, 2:39 pm

OLTB wrote:I see from an RNS that the CEO of Vodafone UK, Nicholas Jeffery, sold 566,382 Vodafone shares for a sum of £1,050,257.80 on Monday.



Well if he's running an HYP he should be moderated off this board PDQ. How very undorissian ;)

tjh290633
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Re: Vodafone - Director Share Sale

#159865

Postby tjh290633 » August 15th, 2018, 3:35 pm

moorfield wrote:
OLTB wrote:I see from an RNS that the CEO of Vodafone UK, Nicholas Jeffery, sold 566,382 Vodafone shares for a sum of £1,050,257.80 on Monday.



Well if he's running an HYP he should be moderated off this board PDQ. How very undorissian ;)

Maybe he is just getting more diversified.

TJH

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Re: Vodafone - Director Share Sale

#159869

Postby PinkDalek » August 15th, 2018, 3:53 pm

OLTB wrote:
I see from an RNS that the CEO of Vodafone UK, Nicholas Jeffery, sold 566,382 Vodafone shares for a sum of £1,050,257.80 on Monday.

I wondered why the price was dropping - not suggesting anything of course, and maybe it was his plan to but with a sale price of 1.854328 per share, that seems awfully low ...


The RNS is here https://www.londonstockexchange.com/exc ... 53521.html

The disposal was last Thursday 9 August, when the day low was 184.54 and closed at 185.36, so the reported sale at 1.854328 wasn't awfully low at the time, especially given the number of shares sold. As per the RNS, he still holds 1,001,020 Ordinary shares.

Not that the share price hasn't fallen since then (current bid 175.84) but hasn't the forward yield therefore increased (all thing being equal, which they aren't).

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Re: Vodafone - Director Share Sale

#159883

Postby desmid » August 15th, 2018, 4:25 pm

Might have something to do with Vodafone Turkey...
Naive question: does it count as insider trading when there's a publicly visible event that may damage revenue, thence s/p?

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Re: Vodafone - Director Share Sale

#159884

Postby OLTB » August 15th, 2018, 4:28 pm

Not wishing to speculate more on this matter, but after a bit of searching on t'interweb, I understand that he separated/divorced not too long ago so perhaps this sale is all part of a private matter.

Or maybe he's Pickering :)

Cheers, OLTB

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Re: Vodafone - Director Share Sale

#159913

Postby Bouleversee » August 15th, 2018, 6:06 pm

He's not the only one. I was tempted to top up today after noticing the large sum which had been credited to my ISA dividend acct. recently, but having read about the director sale and the Turkey implication, I've rather lost my nerve. I seem to remember they recently acquired the 5G Spectrum rights for Spain. Would not the positive effect of that compensate for other problems? Here's a link to an article I read:

Vodafone masks 'tangible deterioration' under the surface - SocGen

All a bit too complicated for Doris.

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Re: Vodafone - Director Share Sale

#159920

Postby monabri » August 15th, 2018, 6:32 pm

Bouleversee wrote:He's not the only one. I was tempted to top up today after noticing the large sum which had been credited to my ISA dividend acct. recently, but having read about the director sale and the Turkey implication, I've rather lost my nerve. I seem to remember they recently acquired the 5G Spectrum rights for Spain. Would not the positive effect of that compensate for other problems? Here's a link to an article I read:

Vodafone masks 'tangible deterioration' under the surface - SocGen

All a bit too complicated for Doris.


After a bit of digging...the SocGen article was dated 25 July when the sp was 175.1p. By July 30th, the sp was 186.5p
.. conclusion, SG need to write a few more damning articles ;)

http://www.lse.co.uk/sharecast-news-art ... ce__SocGen

VOD global revenue 46billion euro ( VOD annual report)

VOD revenue Turkey 0.48 billion euro. ( Source Wiki)

Revenue by market
https://www.statista.com/statistics/241 ... by-market/

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Re: Vodafone - Director Share Sale

#159978

Postby monabri » August 15th, 2018, 8:48 pm

https://www.express.co.uk/life-style/sc ... ng-charges

"Vodafone customers can now use their smartphones in more places without it costing extra.

The UK network has just announced that it is adding more destinations to its Roam-further service with the USA, Canada and South Africa now included.

This means Vodafone users can now access their UK data, calls and texts without having to pay extortion roaming fees.

Vodafone says it’s adding a total of 29 additional new destinations which takes the total to 77 countries worldwide."

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Re: Vodafone - Director Share Sale

#160036

Postby Gengulphus » August 16th, 2018, 1:17 am

desmid wrote:Naive question: does it count as insider trading when there's a publicly visible event ...?

No - and it can be quite obscure public information, just as long as it's publicly visible. There's a well-known (in the relevant circles, that is) example given many years ago (*) of someone who sees a factory burning down from their train window and phones their broker as soon as possible to give urgent instructions to short the company. They weren't guilty of insider trading, because even though only a very few of the public were in a position to see the fire, it was publicly visible information.

And in case you're wondering why insiders don't just release their information somewhere obscure but publicly visible and then do their trades based on it, making them technically not insider trading, improper disclosure of insider information is also an offence!

(*) The fact that it was years ago is important context, both to the fact that they phoned their broker rather than doing the trade themselves online and to the fact that the very few of the public were in a position to see the fire - these days, news of it would probably get out pretty fast on social media!

Gengulphus

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Re: Vodafone - Director Share Sale

#160044

Postby idpickering » August 16th, 2018, 6:12 am

OLTB wrote:Not wishing to speculate more on this matter, but after a bit of searching on t'interweb, I understand that he separated/divorced not too long ago so perhaps this sale is all part of a private matter.

Or maybe he's Pickering :)

Cheers, OLTB


I so wish I'd copyrighted that term lol. Regarding Director sales, I don't let such things bother me to much, but I am aware. Maybe he wants a new swimming pool? :)

Ian.

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Re: Vodafone - Director Share Sale

#160103

Postby desmid » August 16th, 2018, 12:27 pm

Gengulphus wrote:
desmid wrote:Naive question: does it count as insider trading when there's a publicly visible event ...?

No - and it can be quite obscure public information, just as long as it's publicly visible.
Gengulphus


Thank you Gengulphus - very interesting!

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Re: Vodafone - Director Share Sale

#160150

Postby Gengulphus » August 16th, 2018, 3:37 pm

idpickering wrote:I so wish I'd copyrighted that term lol.

Briefly, you couldn't have done - copyright simply doesn't apply in any effective way to single words. If you want some intellectual property protection for something that short, I think trademarking it is your only option - and you can still do that! ;-)

Gengulphus

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Re: Vodafone - Director Share Sale

#160172

Postby idpickering » August 16th, 2018, 4:50 pm

Gengulphus wrote:
idpickering wrote:I so wish I'd copyrighted that term lol.

Briefly, you couldn't have done - copyright simply doesn't apply in any effective way to single words. If you want some intellectual property protection for something that short, I think trademarking it is your only option - and you can still do that! ;-)

Gengulphus


Thanks for taking the time to put your informative post up Gengulphus. I shan't be doing that though, my ego isn't that big. lol

Ian.


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