Buying Vodafone (VOD)

After doing a bit of research. Vodafone look to be a good price to invest. so i decided to buy today. i also came across an articul  which confirmed what i was already thinking.

I last tipped telecoms colossus Vodafone Group (LSE: VOD) as an income stock worth buying ahead of November’s half-year statement. And the strength of the update shows that my optimism was well placed.

The FTSE 100 business announced back then that organic group service revenues increased 1.7% to €20.6bn during April-September, while organic adjusted EBITDA rose 4.2% year-on-year to €7.4bn. And as a result, Vodafone hiked its full-year earnings estimates. It now forecasts a 10% improvement in organic adjusted EBITDA, up from its prior forecast of growth of between 4% and 8%.

Once again, the company continued to enjoy solid demand growth across both developed and emerging economies. On an organic basis service revenues in Europe and its Asia, Middle East and Asia Pacific (AMAP) territories leapt 0.8% and 7% respectively in the first fiscal half.

And sales are likely to keep on rising in my opinion thanks to Vodafone’s massive infrastructure investments and busy M&A drive, not to mention soaring demand for voice and data services and particularly so from far-flung developing markets. These factors mean that I would be very happy to buy and hold the Footsie star for many years to come.

What’s more, Vodafone continues to make significant progress in slashing operating costs under its ‘Fit4Growth’ efficiency programme, a scheme designed to bolster earnings still further by advancing the efficiency of its sales and office processes.



The future is exciting. Ready?

Disclaimer: This is not financial advice. the information here is for entertainment and educational purposes only.