The Guardian picks Vodafone as a share tip for 2012
Posted by Christie Malry on December 28, 2011 at 7:15 am
You've got to love this: in the Guardian, no less.
Vodafone's shares at 176.3p are relatively cheap and offer defensive qualities at a time when much of the developed world faces recession amid continuing turbulence in the eurozone. The company earns more than half its revenue in emerging markets and the US and less than half from Britain and Europe. The shares yield around 7% so if you can withstand some stock price volatility and hold on to your investment through 2012, and perhaps beyond, you could do well, providing dividends are reinvested. Vodafone has tidied up its sprawling global portfolio, while its Verizon joint venture in the US is poised to pay a dividend for the first time in seven years, with the promise of more to come. All in all, not a bad bet.
Given the appalling performance of the Guardian's 2011 picks, you could make an argument that it's an attempt to give the shares the kiss of death. But it's still a pretty bad slap in the face for UKuncut, don't you think?



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