The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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They are the number one small cap trust , might have some idea.
Positive update today. Sp should nudge a little higher imv.
Good to be getting rid of currently loss making businesses from the group as the newish Exec Chair starts to simplify the organisational structure of the company.
I see momentum building here and am thus hoping for a positive outcome for SAA in 2024. GLA
Could we see a takeover of Saatchi?
The ship seems to have turned a corner, and would expect the cheap price to be a big incentive to acquire now.
Plenty of buying interest at this price.
Sorry, mistyped on mobile!
So why is the SP down to 145p
Great business but what is going on?
Phrontist
āIn the latest in our Smart Small Caps series, Jemma Slingo talks to Octopus Investments about why M&C Saatchi has turned a cornerā¦
The shares have yet to recover from the 2019 scandal, which involved overstated revenues and understated costs. However, things are on the up ā at least according to Richard Power, head of the quoted smaller companies team at Octopus Investments.
āIt has got its mojo back,ā he said. āBut people are still looking in the rearview mirror.ā
Power is enthusiastic. āFor the rating itās on today, and the growth itās likely to achieve over the next five years, have we got an investment thatās likely to achieve quite significant returns? Absolutely. And I say that acknowledging that we could well see some headwinds in the next 12 or 18 months. At the entry point today, the opportunity is substantial.
Five years feels like a long time for a company with a history of volatility. However, the group is responding well to the new management team, and feels significantly more dynamic than it did a few years ago. The market doesn't seem to have clocked this, and despite its expertise in brand-building, M&C Saatchi is often still portrayed as outdated and slow-moving. Things could be about to change.ā
https://www.investorschronicle.co.uk/news/2023/05/30/the-poster-child-of-advertising-is-back-on-investor-s-radars/
https://youtu.be/z6yMYwzpV9M
from 47:10
Last chunky buy like this at 200p was Vin Murria / ADVT buying
https://investegate.co.uk/advancedadvt-limited--advt-/rns/acquisition-of-shareholding-in-m-c-saatchi-plc/202201050947285080X/
someone likes where we are heading ....3,828,765 Buy*
https://ukinvestormagazine.co.uk/mc-saatchi-broker-says-40-upside-in-advertising-groups-share-price/
Oh I really hope not! There is a chance that they may be returning to the dividend list.
Very strong momentum. Another bid on the way?
https://www.thisismoney.co.uk/money/markets/article-11373997/M-C-Saatchi-shareholders-vote-against-takeover-Fifteen.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.254061832.1822127792.1666973633-1547527961.1660508319
We donāt need anymore distractions for the time being please!
All the operational profits went on legal fees. As expected, recruitment has been stalled too. And itās not all over yet...
Good solid results and progress made. Hopefully reflected in the share price. Overdue a re-rate.
Thanks for replying Whippy1.
It will be interesting to see Next 15 price, past month as been something of a turn around in the overall markets and they need to gain support to rise their SP.
Would the ADVT offer not be the better one currently?
The presentation from ADVT certainly didnāt pull its punches in making out the SAA bod have very self serving renumeration options that donāt serve shareholders, clearly no love lost there and not surprising they are recommending against this offer.
I think ADVT IPOād in March 21 so they have till March 23 with a possible year extension should shareholders allow it ( my understanding of the FCA rules).
Or reject them both
I personally prefer Next 15 to ADVT......it a real company with real employees and real customers vs a modest pile of cash .....granted with an impressive CEO but from a very different industry and the S4 collapse has practically buried the tech transformation argument
For me its reject both or accept Next 15 and hope the combined group does well .....deciding factor will ne next 15 share price in the next week or so ......does it improve as the deadline closes in? Unfortunately i have a fairly short time horizon for at least 50% of my holding
The other question is if these offers are rejected is that the end or is there a revised offer .....ADVT are slightly trapped with 20+% and the SPAC deadline looming and Next 15 would miss what could be a game changing addition ????
Is it coming up to the point the shareholders need to choose the Next Fifteen or ADVT offer?
Iām not a shareholder however have read one is now at Ā£2 per share. Whatās the thoughts of shareholders?
Yes, none of it a surprise to me and predicted from the start. Stock offers for companies are never a great idea, IMO.
Will be interesting to see if those IIās who were backing ADVT, and then rescinded it on the back of NFCās (at the time) better offer, go back to supporting ADVT!
What a mess, reject the bid they say[ but we will vote for it] and once we are stand alone Vin M can disrupt our strategy which will undermine the business. FFS.
Urraca - do you really think this deal is still going through?
Itās now equivalent to less than Ā£2 per share. No chance. And what Iāve been saying all along. The structure of the deal was all wrong. Far too much stock and not enough cash.
Weāll see who ends up right. Iāll hold my hands up and admit I was wrong if this deal goes through. My guess is no, not on these terms.
I refuted Docs lies and assertion that I 'could not have a reasoned debate' by citing publicly available information, which now means I 'don't want to hear anything but positives'. Lol. I bet Vin is paying you peanuts too, eh Doc? Have you doubled down yet?
andsoforth - a shame. I like good, solid debates on the pros and cons, as well as possible outcomes.
Sadly, every board has a Urraca. Those that donāt want to hear anything but positives.