Selling Vodafone...£100bn market cap???

Sold some Vodafone at 187.5 in about £7500. This company (of which I am a former customer) has a market cap of £100bn. This seems way too high for what is now a mature technology, and whilst it is certainly a cash cow, and no wonder given the crazy charges for using your phone abroad, competition should remain fairly tight within the mobile teclo sector. Also, there are new technologies coming through all the time that threaten to harm its business model, such as using Skype with cellphones or WiMax, which I personally believe could be very disruptive when it finally goes mainstream.


5y Chart of Vodafone

At multi-year highs, the entry point looks very attractive.


Yours,
2and20