As you know I added to my position in Vodafone at £1.34. They have been stuck in a trading range since August. They are undervalued, forward dividend yield was as high as 6.3%.
Today was their trading statement and they popped 4% higher, as they increased their profit outlook above expectations for 2010, with free cashflow rising 0.5 billion above previous forecast in 2010 as well.
They are a strong hold and my 4th biggest holding.
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