Vodafone Woes

Back in March, Vodafone hit a low of 110p, since then we have seen all sorts of short-term initiatives to improve the share price:

- sale of Japan and return of cash to shareholders;
- new Organisational Structure;
- Annual Results + greatly increased dividend policy; and
- new MobileNonPlussed strategy.

Today, the share price has returned to 110p.

Arun Sarin must be hoping that Spencer Stuart is not searching for his replacement.

Next week is probably his final chance with the release of Q1 KPI's - I'm expecting dire news.