Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Does it make sense to compare an ( apparent) improving situation in the US to the Uk market?
This detail very much fits the pattern that's currently playing out. In H2 2022 digital ad spending market starts to fall, and over 2023 the spend on ad agencies focused on tech companies starts to drop off. And now in early 2024 digital ad spend starts to recover - note SNAP, META, PINS, GOOG - and what happens in H2 is that digital ad agency spend recovers = favours SFOR.
All to play for, IMO - if you can look past the daily trading shenanigans and the noise!!
Nice buy on the bell.
Might see the first bit of positive news since Covid? Digital advertising seems to be recovering for the big US companies. Are we losing market share?
Seems to be melting away and thus SP easily walked down as illustrated in yesterday afternoons trading. We really need to see something positive in the Q1 results.
S4Capital plc (SFOR.L), the tech-led, new-age/new-era digital advertising, marketing, and technology services company, will announce its Q1 trading update on Friday 10th May.
I'm sure that the market collectively will say - what a bunch of numpties we've been !!!
What happens when the market falls out of favour of a company like it has with s4
What annoys me though how 20% of the sp was knocked off from tiny volumes whereas the rise was due to massive buying. The LSE is a sick joke l agree.
I remember 1pencil saying sfor and thg will get premium listing status soon allowing UK funds to purchase. I hope he's right!
This will get reflected in the Agency digital ad spend recovery soon enough - and on our rock bottom SP too. The uselessness of the LSE notwithstanding.
Sorrell controls the ability to say no, he needs others to agree to a takeover as well as him saying yes. I'm not saying it's impossible or others wont want out at any price but I'm sure it'll be a long way north of here before its acceptable to the founders never mind the other buy in participants.
SMS controls the company.
Won’t be Publicis, WPP or Omnicom as there is historical bad blood between SMS and those groups.
They’ll just be offered an attractive bonus package or even share incentives depending who buys them.
IMHO the favourites are IPG, Havas, Dentsu or even Private Equity.
It's not just about Sorrell though. There are many senior people or former agency owners who sold half their business at around £4 per share. Speaking personally, if I were offered £1.50 for something I sold at £4 I wouldn't be to keen, particularly if I believed that the market was undervaluing S4.
Rock8 & Nige Co,
Thanks for your replies. Yes you are both correct regarding Sir Martin holding a casting vote with his B share. However, with Sir Martin's age 79 year young and recent cancer scare that we haven't been updated further regarding his treatment & future outcome is unknown he may decide that sadly time isn't on his side. Regarding a takeover bid, at the end of the day money talks. I don't see a recovery in the share price on the horizon, so a bid in the region of 150p per share would be most welcome, certainly by small shareholders as myself. What's the alternative? We may never see a share price of 150p again.
Five years and counting, S4 Capital hasn't produced a profit yet, with expected earnings forecasts predicting another three years before a profit, (2026) according to simply wall street, its just not good enough.
👍😁 S4 might have its challenges but compared to Mad Moulding Sorrell's in a different league!
Spot on, 404x. Unlike a certain megalomaniac in Manchester that we know of !!!
One thing I do respect about Sorrell is you will never hear him blame the LSE. It's not that he won't try to pin external factors as the reason for the company's underperformance - on that front he's said plenty on global politics and economics.
But he'll never try to use the City as a punchbag - and rightly so, he knows better than anyone how much the City rewarded WPP, and that it was his choice to list here after all.
BielsaBall2021.... "With a bid of close to $700m 96p per share already dismissed, next offer I expect would be in the region of 150p.
BielsaBall, it was claimed in the Wall Street Journal dated 22 March 2024 that New York private-equity firm New Mountain Capital have already held exploratory talks with S4 last year about a possible acquisition. So I don't doubt with a very weak share price that there will be interest in S4 Capital. Although, I would have to agree with Rock, Sorrell holds a B share (golden share) so he holds all the S4 cards, or as Sorrell put it, "we are in charge of our own destiny."
Time will tell if you are proved right and we do receive a bid, I hope that Sorrell has the good grace to inform us disappointed shareholders of any such offers, unlike previously. Maybe this would help increase the struggling share price.
I enclose below the WSJ article.
https://archive.is/xIgUA
The difference here is that SMS has a golden share and I think he would be looking for top dollar Maybe £2+
I suspect that PE will also be looking at S4 Capital and could go the same way as Darktrace. S4 sum of parts valuation is multiples of current market cap. With a bid of close to $700m 96p per share already dismissed, next offer I expect would be in the region of 150p.
Good morning Rock,
Yes good numbers by alphabet. I also was expecting a bounce in S4 share price.
No idea why mate.