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this time last year these shares were circa £4. Why has 90% of the value been wiped out ? The accounting problems ( not resolved ). Covid 19 ( not resolved fully ) . Last years final accounts ( not resolved ). So basically nothing seems to get resolved which leads to uncertainty which as we know the general market hates. It is intrinsically the same company as it was last year and lots of companies have had the same problems as the above mentioned but have not seen these types of loses. The market makers are playing this for all it's worth , at the shareholders expense. Why haven't the accounts for last year been published? They have had 7 months. Get them out into the open, who knows it maybe good news and the long suffering shareholder can get some value. I think these shares will come good , but when is the question.
Also from the last Trading update indicated expecting +ve finance update by July 31st and Strategy update by Sept
This is way oversold, the general market is bullish. Bounce is coming soon
That's a nice start to the day up 13% ???? More of the same please M&C...
By that time you will probably be paying over 80p.
Very positive, I'm just waiting on the FCA results, as soon as they come back (positive I hope) the share price won't stay down for very long!
Looks like this will bounce soon
100% correct HODL and sgee.
I bought quite a while ago and have been able to average down to a little over 80p, I feel there is plenty more to come from this share..
Agree strongly with the comments. Those of us who understand this industry and it's ability to continue normal business during the lockdown know this is a well undervalued share price. Already unduly affected by a seemingly routine FCA involvement following the prior year accounting adjustments, when I bought in pre-Covid at 88p it was already a bargain and even now I think that is a fair price. Factor in that ability to adapt quickly to remote working and from much industry talk on Linkedin there will only have been a brief pause in the majority of projects in offices affected by lockdowns. Then factor in "free money" government schemes (ie: Furlough in the UK and PPP in the US) and M&Cs ability to continue winning new business, most of which will not have been covered in the media plus the fact it is well diversified in numerous barely affected territories and many areas of the sector including some that were reported to be completely unaffected (ie: M&C Saatchi Talent)... This is a steal for anyone at the current price and then some!
Over the last few weeks/months this share has been run and manipulated by the Market Maker purely for their own benefit. Not an uncommon story on AIM. We need some decent news to give SAA. enough momentum to operate on it's own merits . Once the final figures are out we will be able see where we are . Nice £10 m. win the other day , let's hope there are a few more of those that slipped through without anyone noticing. Good job Ga Skillen.
I am also in around that area too.....company seem to have gone extremely quiet....
If I knew the answers to those questions I'd be sitting on my own Caribbean island . Seriously though I don't think we have heard the last of her. Needs some excitement here, this share is making watching paint dry interesting.
Do we think Vin is bumping up her stake?
a reasonably substantial purchase yesterday which hasn't appeared in either buy or sell. Just makes you wonder !!
No paywall blocker on this one:
https://www.lbbonline.com/news/iceland-hires-mc-saatchi-group-to-kick-start-tourism
Nice to see a good press release
https://www.prweek.com/article/1687702/iceland-hires-agencies-promote-tourism-10m-global-brief
Won't be long, patience is the key. Based on my research I believe the results will be better than expected
Annual results were suppose to be released in May 2020. Anyone know when these are now expected.
Let's see if they will attract some wealthy aussie investors lol
https://www.adnews.com.au/news/mandc-saatchi-s-allie-steel-named-as-australia-s-only-representative-in-the-cannes-lion-s-see-it-be-it-program
https://www.bandt.com.au/women-in-media-mc-saatchis-head-of-integrated-strategy-sophie-price/
Someone bought £22.5k of shares today
I agree. The spread is so wide and I can't seem to buy any decent amount without paying over the ask price. Hopefully there will be some news soon, otherwise I think it could drop to around 45
Personally think someone is accumulating, and we know who that might be. Big trades a couple of days ago
This should be at least 80p. Vin will most likely take over this
Or she might double her holding and make an outright bid for the company. She obviously believes in it's future and can certainly afford it. I find it strange that the board don't want her as a non exec. But what do I know. A few days ago I said 60 p. wouldn't be seen again, yet here we are !!!
they dont let her on the board why is she bothering - bizarre, they might dilute to wipe her out or shell dump and leave