Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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(Alliance News) - "WPP PLC late Tuesday announced a partnership deal with Alphabet Inc that will see Google’s Gemini models integrated with WPP Open, its artificial intelligence powered marketing operating system.
Shares in WPP rose 2.8% to 771.92 pence each in London on Wednesday morning. The wider FTSE 100 was up 0.6%.
WPP, the London-based advertising firm, called the partnership "groundbreaking," explaining the pact will combine Google's expertise in data analytics, generative AI technology and cyber security with WPP's end-to-end marketing capabilities."
I'd call that a good news day.
The charts for this are horrific, it had a triple top at a tenner then caved in, this is going back to covid lows, expect to see just sub a fiver, world recession plus it’s listed on the dog index of the world uk ftse doesn’t help.
Share price has dropped by the value of the forthcoming dividend ( ex div 06th June)
Outlook doesn't sound too exciting with just 1% like for like growth and £285m cash restructuring and £260m capex ( as noted previously)
Our guidance for 2024 is as follows:
Like-for-like revenue less pass-through costs growth of 01%.
Headline operating margin improvement of 20-40bps (excluding the impact of FX)
Other 2024 financial indications:
? Mergers and acquisitions will add 0.5-1.0% to revenue less pass-through costs growth
? FX impact: current rates (at 15 February 2024) imply a c.2% drag on FY 2024 revenues less pass-through costs, with no meaningful impact expected on FY 2024 headline operating margin
? Headline income from associates and non-controlling interests at similar levels to 2023
? Net finance costs of around £295m
? Effective tax rate (measured as headline tax as a % of headline profit before tax) of around 28%
? Capex of around £260m
? Cash restructuring costs of around £285m
? Working capital expected to be broadly flat year-on-year
The company seems to be navigating the current tough economy well
Looks like after these result back the 600
" For 2024, it expects like-for-like revenue less pass-through costs growth between 0% and 1%"
well, that doesn't sound too positive
Positive trading update. Let’s see if it can push on to £9 now.
Nice!
Optimistic guy ironic? Up 10% since
Buy order in at 7 quid per share.
S4 Capital - Is all time low. Not sure if WPP will see an opportunity to buy S4 capital!!
Sadly Porsche 1946 you are 💯 correct.
I’m well disappointed with the U.K. stock market period.
It’s been a major mistake for me investing here over the past 18 months.
Yes, nothing to do with Covid and absolutely nothing to do with over regulations from a green obsessed government who failed to adapt. And every other economy in the World is just blossoming right now. Let's blame everything failure in life on a democratic result from 7 years ago where I didn't get my way. Silly greedy child
On its way to 2020 lows as advertising market crumbles with incoming recession, can’t bleve I owned this back at about 16 quid, cut in half like most of the dogshxt on the worst stock exchange out there, trading on less than 8x earnings, the ftse 100 is the pits, since brexit all foreign money has exited, net outflows every year, no buyers even when the stuff is “ cheap “. Shocking what’s happened to U.K., the brexit axxholes have sunk the country.
Seems that April's TU was a lot more optimistic than it should have been. Poor show.
Not sure results are that good, comprehensive loss for 6 months is £61m (mostly because of FX).
administrative costs up 50%
financing costs up by 65%
but even it you take purely operational results - profits there aren't sufficient to support current m-cap, gap is huge.
Results looking good but price is downward spiral? Doesn't make sense at all..
Yeah great value😂😂
Why has the CEO presided over a large recent rise in net debt
just as economies slow.
Can't find any news/information leading to such drop.
Added - looks good value @860p