Tuesday 26 January 2010

Bought Vodafone at £1.34

Hi all,

Just to let you know I have increased my holding in Vodafone at £1.34. They could drop more as the market keeps falling but they are a good long term opportunity and will buy more if they keep going down.



Some tehcnical support on the chart on the black line as well but I am not really looking at the techincal side as much. I`m buying from an investors point of view which I have already explained in previous posts. 5.7% yield (6% on a forward basis), defensive, strong balance sheet and cashflow and it has not participated in the rally from March.

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