Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I believe M&A (Accenture) is highly likely here or a break up - despite what the BOD are saying. Truly undervalued currently. New CEO will also see a 5-10% rise.
Analysts at London brokerage Liberum described Mr. Sorrell as "the glue that bound much of WPP together." Kantar, the company's market research unit, is "the most obvious candidate for disposal," Liberum wrote in a research note, adding a sale could raise 3.5 billion pounds to reduce debt or return cash to shareholders. Alex DeGroote of Cenkos, the London brokerage, said separating the company's digital, advertising, market research and other assets could lead to a 40% rise in the share price. "The problem isn't replacing Martin. The problem is that the model doesn't work," he said. Mr. Read is serving as chief operating officer alongside Andrew Scott, previously WPP's corporate development director and chief operating officer for Europe, until a new CEO is found. WPP's board has tapped New York-based recruitment firm Russell Reynolds to conduct a global search to replace Mr. Sorrell, according to a person familiar with the matter. The next CEO will need to review WPP's strategy at a time when the company faces a quickly changing digital advertising landscape and pressure from clients that are moving their marketing spend away from traditional agencies. On Omnicom Group Inc.'s earnings call Tuesday, Mr. Wren said Kantar was "not a key focus for our acquisition dollars," adding: "There will be any one of a number of other buyers, including probably private equity." Publicis Chief Executive Arthur Sadoun declined "to speculate on the future of WPP" when he was asked on an earnings call Thursday about the possibility of acquiring WPP assets. Under Mr. Sorrell, WPP moved to align its different agencies, cut costs and allow clients to work with advertising staff that previously had been siloed. WPP executives often refer to this approach as "horizontality." "There's universal admiration for Martin's achievements, and sadness about his departure," Mr. Read said. "At the same time, there's a huge amount of support and goodwill for the company, and no shortage of confidence about the future."
Ouch ! He he
Short opened at 1,145p. GLA
WPP: breaking up world's top advertising group could net �22bn A breakup of WPP could net shareholders more than �22bn, about �17 a share, much more than its current value of �11.50 a share or �15bn market cap, according to analysts. https://www.theguardian.com/business/2018/apr/16/wpp-breakup-advertising-sir-martin-sorrell
Massive loss to WPP If Sorrel does not retire and turns up somewhere else stick your money in it one very talented man that gets on well with wall st etc.....
I accept the comparison is not in the same league however Dentsu will are taking WPPs AB InBev account so a reminder of pressure from the traditional competition as well. Just think WPP markets are changing very rapidly and Mr Sorrell needs to remain at the top of the game which could be challenging given current distractions. Dismissing the likes of Accenture doesn,t help and if the little boys become big boys like Brewdog they appear to have little need for WPP services. Zero based budgeting appears to be a tool used by both the minnows and the big boys.
plumpicker, That much is true, however Brewdog ( current turnover �100M ) started in 2007. Then if you take an example like Camden brewery they get bought up by multinationals like ab inbev who until last year spent $1billion a year with WPP
Reading Business for Punks this week by the Brewdog guy. What struck me was how they completely by-pass traditional advertising and set themselves zero or minimal budgets and still make a real impact. Personally think WPP will slowly lose customer base as majors are realising they can do it themselves or bring in consultancies. WPP have potential to take their eye off the ball with the Sorrell carry on. Granted they have many revenue streams but advertising always sat at the top of what they do and I don,t think they are adapting quickly enough. With companies like Heineken utilising Google and Facebook and consultants moving in, WPP could become a could do without quite quickly.
Explains the fall over the last few weeks. I failed to spot it as I attributed it to general market volitility. Would not be surprised now if recover to 12 a share
Its looking like they want him out.......this would be bad for WPP I think Mr Sorrel is the best in the business.....
Oh dear whats Mr Sorrel been up to?????? thought this guy was squeaky clean......
Think we might see a bit of a recovery this week but all eyes to interims at the end of April.
Mulder - way down and this week does not look good either. Bought this believing it was a good solid share that I did not need to worry about. Got that wrong.
Just the 7.5% down this week!
.
Surely oversold? A strengthening pound wouldn’t have helped matters. This is now pricing in another profits warning.
Miken - the sp has fallen 43% from its high so would have thought that should already be priced in. Well over 5 figures down at the moment so hoping we have found bottom now but who knows in this current market. Sp is almost 10% down since yesterday's high and I am struggling to find a reason or news for it apart from Facebook. Any thoughts
Seems at first rather oversold, though just looking at fundamentals I see the sales last year cost 12bn (with profit of nearly 2bn), yet the year before the sales only cost 2bn (but profit only 1.5bn). The environment looks seriously competitive for them and amazed they made the profit they did. I don't see them maintaining this level of profit and is probably why the SP is falling.
Mulder - it is bizarre as they are buying back a billion pounds worth of shares at the same time and it keeps falling. I am will under water now so just worrying a bit
Yes very bizarre but surely must be a bid target at these levels. Sorrell must want to retire soon???
Mulder - why 10% drop in last two days?
= good news for WPP/more business?
all the good work in the sp recovering wiped out in 1 hour today. Not sure what caused the drop. Anyone know?