Reply to post: Divi's still flowing. The market is conned

They terrrk err jerrrbs! Vodafone replaces 2,600 roles with '600 bots' in bid to shrink €48bn debt

Anonymous Coward
Anonymous Coward

Divi's still flowing. The market is conned

Just let me check. -2600 staff. Assuming a (grossly) overinflated rate of £500/day; we have approx £1.3M/day. Times 300 days? £390M/yr reduction. £48bn of debt. Even if that's at 2%; the interest is still outstripping that saving.

Considering that they still pay a relatively high dividend (in order to try and raise funds from the stock market, because they can't borrow at 2% anywhere), they are in serious, serious trouble.

Bye bye vodafone.

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