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hmm returning the 1B to shareholders... maybe the would be better off paying down debt, possibly buy backs at this depressed share price would be good, but if margins continue to deterirate teh buybacks seem to do little for the share price, almost like pouring money down the drain (ok earnings per share enhancing but if the pe themarket pays weakens becomes less no real benefit to share holders) and divs maybe better then buybacks -- but don't we pay extra div tax............
Great news . Remarkably muted reaction from the market like they are already discounting the return to shareholders. Still retaining 40% of Kantar. Looks like win win
The company said it will use net proceeds to reduce its debt leverage, while about USD1.2 billion or GBP1.0 billion will be returned to shareholders. The form of this return will be communicated to shareholders in "due course", WPP said.
sold and debt targets met 1 year early - sp should rise significantly - I hope.
Plus a 37p dividend since the lows (paid out today)
Yes indeed, share price now gained close to £2 from the lows, slow but steady momentum
Early days, but hopefully the deal to off load will get over the line.
Looks like the news was better than the market expected tigertrader, didn't look too bad, hmm if they increase their operating margin a few %, there could be quite a change in profitabilty and rerating of the shares.
Did anyone see that tumble weed blow across this message board, a humongous company and no one is talking about it, ok i saw tigertrader comment.
Probably that is a good sign wpp is too boring and dull to be of interest to anyone, time to consider investing more perhaps....
yes indeed sp rise, a liitle bit of momentum now the last few weeks.......
This company any bad news is a good news. No matter the news... SP would rise!!
Hi, i was wondering what people think of the fact that accounts payable, the companies creditors seems to have increased by 50% on the last set of annual accounts, this appears to be a big red flag in my book, by keeping costs out of teh financial year that is effectively flattering profit. ( i was looking at the data on the invest chron website for reference) Accounts receivable or debtors is also increasing by more than you might expect, a slow down in being paid....
Bit worried by this and i hold this share. Bit amazed how this was like a darling stock until january 2017and declined ever since. Reading articles from 2017 it was like a could do no wrong stock, then suddenly from nowhere the industry is to be decimated by structural change, sorrell is driven to looking for good times and then leaves in a scandal --
well someone other than me thinks they were good results......
I think this share now needs the geopolitics to come through positively and it will rise 20% . New CEO's always paint a gloomy picture then outperform so I think this is underpinned at current levels.
WPP expects 2019 to be challenging.
the results are actually a bit better than the market expected
Oh i see thanks
that was already expected and priced in
Not really they are 500 million down on previous years profit after tax?
Very good results on the whole.... wished I would have bought yesterday now.....but wanted to see the results...HIND SIGHT hey.....should see a nice rise....
Can WPP finally get some positive PR following its full year results on March 1st?
During October’s update, chief exec Mark Read said it would take ‘decisive action and radical thinking’ to turn the company around, including finding a buyer for its research group Kantar, valued at around £3 billion. This restructuring would cost a not insignificant £300 million over 3 years, in theory leading to savings of £275 million a year by the end of 2021.
As per December’s revised guidance, WPP is expecting full year like-for-like revenue less pass-through costs to fall around 0.5% – better than October’s estimates, but way off the previously suggested 0.3% rise. Any word on offloading Kantar, meanwhile, could end up being the headline story on Friday.
Read what Spreadex analysts have to say, or watch a 60 second earnings preview video, here: https://spreadex.com/?tid=387612
I've been visiting this thread for the past few days and was also surprised by the lack of discussion. Recent drop was caused by the Publicis earning results, which was a massive overreaction IMO.
D/E ratio is at a reasonable 0.7, current ratio at 1 and interest cover at a comfortable 11. I don't see debt as an issue. Dividend is also well covered by both earnings and FCF. I see the company as heavily undervalued and oversold.
WPP and the industry as a whole has been under a barrage of negative news and fear which has dropped the SP way more than the fundamentals would suggest. In the meantime we're getting a massive 7.5% yield to wait for a reversion to the mean.
I bought in this afternoon, 7.5% divi. Divi covered 2.5 times approximately. I'm quite happy to sit on these for a while and see what happens
In at 8 pounds, holding for divi, will sell at 9 pounds when it gets there.
It seems as if nobody wants to even debate WPP so if that's the case it's not for me,
Not investing but good luck if your involved with the stock.
Sounds like a plan.............!