The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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GoCPI, I totally agree, S4 should be trading in the USA, (Nasdaq). I don't think that Sorrell would want to do this until S4 Capital is making a profit, sadly that could be 2 years away. Will S4 Capital be taken out before this time period? Who knows, I can certainly see someone testing the waters again, with S4 having already turned down one offer of 96p. The reason for the recent 65% share price bounce. With no follow through increased offer, we may be at the hands of day traders/gamblers until the add market improves, hopefully in the second half of this year.
Meta ran up too hard and any disaapointment on either growth or cost control was all that was needed for it to cool off a bit.
Ad spending cooling off a bit at the likes of Meta/Google may just be good for Ad Agency spend - we'll soon be in H2 and plenty to look forward to for S4.
Agree with that, Verney. It's so easy to pull a stock price down here on the LSE - as soon as buying dissipates, the shorts can easily have their way on no volume.
This is where we need to be in the medium term - Over 80% of our business is across the pond anyway.
https://www.bloomberg.com/news/articles/2024-04-25/indivior-confirms-plan-to-switch-listing-from-london-to-new-york?
Well I won't be taking any advice from you tiger.
Meta reports advertising decline which could explain weakness.
I agree, and looks all the stars are aligned for the shorter for the coming weeks
..to WPP update. I don't think WPP update was a shock in anyway and by this afternoon this will recover
Yes, back down . There will be a massive attempt now to get this as low as possible by the shorters with low volume . Expect new lows quickly. Seems they can do it and make a lot of money so why wouldn't they ?
On Meta results
It was an "excellent" quarter, said analyst Alex King of Cestrian Capital Research (leader of Investing Group Growth Investor Pro), pointing to unlevered pretax free cash flow margins hitting 38%, best since March 2022.
As for the sell-off, "You can pin that on a guide for growth deceleration if you like, or you could conclude, as do we, that the stock has been only-up since the October 2022 lows and is simply letting off a little steam," King said.
Most likely back to 38p when the FTSE finally corrects in May. Remember the good old saying "Sell in the May and go away"
Dreadful investment
Well looks like back to 45 then.. what a shame
I suspect yesterdays fall was due to WPPs results being released today. They’re ok and this share was oversold yesterday. I expect a rally today
We may get tarred with WPP brush today. They made a point of mentioning a slowdown in tech spend in their poor Q1 results released this morning...
FB results were released yesterday. But you are right. There was a big fall in their share price due to the huge rise in their AI spend. Apart from that there was good news from FB. This should rise today.
Anticipation of negative Meta/FB trading update
Drop was ahead of the Meta FB trading update .. should bounce today
Https://youtu.be/CwKllJ_mj3c?si=vMbDO-gujjYoVHCE
Video: Is Britain Falling Behind?
Contains a lot of information on valuation which backs up the material discount of British stocks compared to the US and the EU. (Hopefully the link works)
I couldn't see any reason for a drop, particularly such a large drop. So I topped up just before close.
Bought some today - switching out from pointless THG (management wise) and buying more here - should work out better in the medium term, IMO!!!
Meanwhile Publicis Groupe PUGBY has just hit an all time high of $28.15 giving it a market cap of $27.16Billion.
Yes they have been 'smashing it' with organic growth and margin improvement while SFOR has been struggling and growth has paused. Everyone knows the problems and no one is expecting stellar reporting but this is undervalued and the market sell off has over shot, as usual.
I find it quite remarkable/disheartening that here we are again being played by the market, closing down 8.99% @51.10p on the day, after hitting the days high of 57.5p @08.10am, a 11.1% swing with no S4 company news reported. Where next? Back to year lows of 36p? Nothing would surprise me with this market anymore, nothing.
Spot on mate. It's a joke and disheartening is the right word. But....SMS/S4 has given them this opportunity. When you have a year like they had last year this is the outcome. Good news needed before we can move on.
Nothing surprises me about the LSE. It's very easy to take a SP down on no news and with very low volume, and very difficult to move the SP up unless its backed by large volumes. However, I'm not complaining about the head we're dealt with - it's just where we are listed. Until MS decides to move the listing to the NYSE or NASDAQ, we'll left holding on to that element of undervaluation.
LSE becoming a bit of a scapegoat these days
The FTSE just hit an all time high. Maybe it's not "the market"?