{"id":16147,"date":"2012-06-22T10:01:12","date_gmt":"2012-06-22T08:01:12","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=16147"},"modified":"2012-06-22T13:49:01","modified_gmt":"2012-06-22T11:49:01","slug":"vodacom-a-good-bet-analyst","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/16147\/vodacom-a-good-bet-analyst\/","title":{"rendered":"Vodacom a good bet: analyst"},"content":{"rendered":"

Vodacom<\/a> is a great stock to invest in at its current levels, according to Wayne McCurrie<\/a> of Momentum Asset Management.<\/p>\n

McCurrie said that the Vodacom share price has dropped in recent weeks, and that he can see no logical reason for this drop.\u00a0Vodacom traded at around R94 per share on the JSE in the morning session on Friday 22 June 2012, down from R110 in early April.<\/p>\n

\u201cIt was not expensive to start off with, it is a very stable business and Cell C<\/a> and 8ta<\/a> have proven that they are not really competition at all,\u201d said McCurrie.<\/p>\n

\u201cVodacom has huge cash piles and the company has big dividend payouts. This is one of those shares where you do not have to worry what the price does \u2013 the dividends are high enough to compensate you for owning the share,\u201d said McCurrie.<\/p>\n

David Shapiro<\/a>, deputy chairman at Sasfin Securities<\/a>,\u00a0said that there are worries that Cell C will force a price war into the South African mobile market, but McCurry argued that Cell C simply does not have the capital to sustain a price war. \u201cTelkom also does not have the capital to sustain 8ta, let alone a price war,\u201d said McCurry.<\/p>\n

Related articles<\/strong><\/p>\n

Salary shootout: Vodacom vs. MTN<\/strong><\/a><\/p>\n

Vodafone in discussions with Telstra<\/strong><\/a><\/p>\n

Vodacom DRC share auction put on hold<\/strong><\/a><\/p>\n

The era of cut-price phones may soon be over<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Momentum Asset Management analyst argues that Vodacom is a great share to invest in at current prices<\/p>\n","protected":false},"author":2,"featured_media":14738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[3265,26,27,3264],"class_list":["post-16147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-david-shapiro","tag-headline","tag-vodacom","tag-wayne-mccurrie"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/16147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=16147"}],"version-history":[{"count":13,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/16147\/revisions"}],"predecessor-version":[{"id":16214,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/16147\/revisions\/16214"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/14738"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=16147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=16147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=16147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}