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General Category => Shares => Topic started by: Patrick on May 20, 2013, 03:12:32 pm

Title: Vodacom
Post by: Patrick on May 20, 2013, 03:12:32 pm
This was the first actual share I bought, I'd only held unit trusts up to that point. Of course it immediately dropped after I purchased making me doubt the whole move from UTs to shares, but my other purchases have done better. Anyway, good increase in the dividend today, so it may be a good share to hold purely on that value.

Latest numbers are:
Revenue up 7.8%
Free cash flow up 24.3%
Dividend up 60.7%!

The only concern I have is the increased competition it's going to be facing from Cell C (specially with Knott-Craig at the helm), and Telkom with some very competitive data packages coming out...