How did you come up with a $20 PPS target? I guess it doesn't matter because even you see value in VOD. I'm just saying the price decline is a good opportunity to accumulate more shares and hold. I think in the future, this company will do very well. I'm holding my shares for the long-term, kids, retirement ect.
SO you are unperturbed by the fact VOD is hanging out at the 52 weeks low? Just a matter of time before the dam breaks and VOD spills all over the place. Its sitting just above 2 year lows of $24.49 and is trading lower than avg daily price in 2011. For 2013, expect continued dismal performance from VOD and a $20 PPS. Your meager dividends will be completely wiped out by PPS deterioration of up to 20%. This stock is not only an AVOID, but a STRONG SELL.
I don't know how dismal EU market is right now. But from VOD price I can feel panic there.
However, I agree with nexon78 on VZW valuation (my estimate is a little higher up to $100B). Your $20 PPS is equivalent of wiping out whole VOD group which makes over 5B pounds now. How likely is that? I can't say impossible, but it is certainly a great opportunity.