FTSE100 @ 6990.91, +22.04 (+0.32%)
Vodafone @ 226.3p, -7.8p (-3.33%)
Some additional news re. analysts reactions to Vodafone's results, sharecast.com: Vodafone's Project Spring fails to deliver bounce for Nomura and SocGen
Helps to explain the pull back in the shares today although it still seems confusing given comments such as:
"beating consensus forecasts for the final three months of the year."
"The telecoms giant's 7% decline in EBITDA, though expected, disappointed analysts who had hoped for more of a boost from the first year of its Project Spring programme."
"Beating consensus", and "though expected", would seem to be confirming comments to support the results but then its all undermined in this particular summary that a "hoped for ..... boost from the first year of its Project Spring program.", would justify a company valuation.
We can all hope can't we?
I guess the one justification is that consensus and an individual analyst's view (as in these 2 brokers), aren't quite the same thing.
Previous post:
- Vodafone "off the hook"?
Related article links:
- www.sharecast.com: Vodafone's Project Spring fails to deliver bounce for Nomura and SocGen
- www.sharecast.com: FTSE 100 movers: BHP Billiton extends losses, Land Securities surges on higher dividend
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