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*will hang on until that happens. Then he can bow out gracefully saying I did it. . He also has a lot of cash riding on that happening.
The lack of liquidity can certainly explain the volatility. Look at today for example, best part of an 8% swing and thats not uncommon for S4 sp. MM's are kicking sand in S4's face
However, to state the obvious, the reason we are subject to the lack of liquidity is the lack of interest caused by the low SP caused by SMS lack of control on the business in 22 and 23. To directly quote him "its embarrassing". Fund managers headed for the exit last year and they aint coming back until its clear S4 are back in growth mode and he has a grip on the numbers/forecasts. The positive is it can work 2 ways and if/when he is able to do this I expect the SP can rally strongly.
I just cant see him agreeing to a merger until the SP is a lot higher and for that he needs to deliver profit growth and I think he willing on until that happens.
I know I sound like a broken record, but I suppose that Martin didn't quite realise how shallow the London markets would become as soon as Brexit became a reality - and we're bearing the brunt of it. Its so easy to bring dowm share prices on next to no volume because of how terrifyingly shallow (useless) the LSE has become. S4 comes down 20% plus when the market corrects a little bit, and doesn't recover even a portion of the losses when the market does.
Maybe the holders on here should write to IR pushing this narrative (not that they won't be aware) and get them to move the listing to the NYSE.
"including those who are acquiring significant portions of shares in advance of an offer well north of the last one ......."
What evidence do you have of the above? Thanx.
WPP is a very bloated organisation now ....S4 more nimble and agile ....but agreed it's being attacked from a variety of sides including those who are acquiring significant portions of shares in advance of an offer well north of the last one .......
Agree redwine. S4 displays all the hallmarks of a distressed stock!
When WPP go down S4 goes down, when WPP go up S4 goes down. When the market goes up S4 goes down, when the market goes down S4 goes down.
I see a trend!
I see that WPP saw a decline in N America and the tech and digital services was their worst performing sector down 9%. Doesn't bode well for us. We may have to wait until H1 update for some good news.
This is a legacy deferred consideration. It's one of the smaller acquisitions they did, on the balance sheet they report the total deferred equity consideration reserves as £156.2 million. They are at least performance related.
I thought the share issues for M&A were coming to an end?
Yes I think I added too early.
A very bad day.
I really thought it would recover into the 50s ahead of next Friday but this afternoon brought the exact opposite
Dont wanna sound pessimistic but cant see the news next week being positive. Only a month ago we were told it was gonna be a tough year ahead. Hope im proved wrong
The majority of their business is in the US
Https://youtube.com/shorts/qdPXzqyu1ac?si=7qS4N5B_ATkfu_hL
I think there is a lot of truth in the video (link above)
Challenging macroeconomic conditions and client caution likely to persist, despite the prospect of lower interest rates trading update due being sold into at moment, interest rates unlikely come down 4 while
Now 885k off book trade appears
It's going down on next to no volume - just over a million shares trading, including the UT - I'd be more worried if it was a mid to high volume sell down. However, this is of no consolation to our dropping share portfolio values.
Was an off book trade so we will never know for sure
Definitely a seller likely started the tumble.
Rock, thanks mate. Was the 500k trade a seller or buyer?
Looks like a 500k sell at 49p booked late
Just looking at level 2/3 a large relentless seller emerges at 1430ish.
Could be genuine seller but a genuine seller has had loads of time but shorts paying interest don’t keep positions open for long.
They are also playing with spreads using AQX exchange.
"Someone in US building a short position"
Hi Rock, what evidence do you have regarding the above?
What's going on, doesn't make any sense.
Someone just picked up 500k after the close.
Another disappointing day, closing down 5.17% on low volume and no company news.