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This week we have seen some massive moves in FTSE 100 companies. Vodafone is one that got me thinking. This is a share that has fallen 9% since the beginning of the year, even after a 9% bounce today!
Look back to 2018 and Vodafone was trading at 240p (+40% from current levels).
In the same period BT are down 31%. Year to date BT are down 21.36%.
Prior to today’s bounce Vodafone were down 18% this year.
Another point worth mentioning is BT go ex-dividend on Thursday 8th August, the week after next. BT pay a 5.2% dividend (Paying 10p; percentage accurate at time of writing)
Of course, BT could report weaker numbers, and results may not be as positive as Vodafone, but it just struck me how similar these sector peers had looked on share price movement alone for the last 2 years or so.
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Enjoy your weekend.
Chris Peters, Senior Trader, 19 July 2019
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