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I would like to buy into here for the recovery - but the Q2 results are clearly going to be "tough" -
Criteo, a French ad tech company were suggested a 30-35% drop in revenue for them !!
Anyone else looking at the sector and trying to pencil in a turnaround point ?
Chief Financial Officer Dave Wehner noted the “potential for an even more severe advertising industry contraction.”
https://uk.finance.yahoo.com/news/facebook-follows-google-signaling-online-133433936.html
outlook for 2020/1 is poor, but why is WPP not well placed 2021/2 & beyond?
https://help.stockopedia.com/technical-guide/prices/faqs/london-stock-exchange-quotes
Thank you Iseo. I searched Google but didn't find any explanation. 17M seems such a large large buy sum and I'm puzzled that it hasn't affected the sp at all (only fractionally), I follow other shares and haven't seen anything similar.
I sold WPP as it had a bad outlook but now starting to wonder if it was the right decision...
At that time of day most probably the uncrossing trades, a book balancing exercise by the MM’s - Google will shed more light on it if you are interested!
Hello, I'm a complete newby, so please don't maul me for my ignorance or stupidity, but can I ask anybody to comment on those two large buys, one today for 9M and one yesterday for 8M, both at 16.40 or so? Who would have put all that money into this, and why has the sp not changed at all?? Thank you for any comment or explanation.
If you believe that this is a "V" shaped drop in the World Economy
this looks great value
Suspended due to Covid-19
Posting while ****ed is dangerous.
Next stop £5.50!
Are They Reqd Anymore ........... In A Word Nope (Well Not Without The Inside Contacts Of The Slippery One)............. Could Bounce When Dax Get's To 12000 They Do Like To Take It Back Up A Little Before The Drop Ha Ha ...... But Don't Hold Your Breath.
Ouch ! Results PTP dn 18%
SP dn 16% today and dn 29% in 2 mths
Mind you, JP Morgan and UBS both increased their targets this week to £11.50 and £11.75.
Thanks - didn't see that
Bank of America downgraded WPP. £9.00 target price
Worrying sudden drop today, after good momentum last couple of months. Why?
Steady rise gives growing profit for holders.....
News brought a welcome share price rise today.
This should continue upwards when the share buybacks begin. Cash will also reduce debts and cost. Great prospects.
If you seem false news are circulating in the media. It signs the short sellers are trying to bring it down!
Such as: https://www.campaignlive.co.uk/article/bayer-strongly-denies-report-wpp-split-launch-global-media-review/1663734
continuation on Monday
doh! just over 2 hours........
Bought this some time ago, just before XD. Q3 results underpin good return. Happy to hold.
love this share, strong dividend, rises as it should on good performance, good prospects and minimal chat on here - always a good sign I have learned........!
I bought in a few weeks ago and doubled up earlier this week thankfully. Very happy.
Lets see how long it is before someone else makes a comment, often a month or so between them.
WPP PLC said Friday that like-for-like net sales rose 0.5% in the third quarter, and backed its guidance for the full year.
The world's largest advertising group WPP, -0.26% said like-for-like net sales — a closely-watched measurement of its underlying performance — in North America fell 3.5% for the quarter to Sept. 30. Consensus net sales forecast was for a fall of 0.6%, supplied by the company.
London-based WPP, which owns agencies such as Grey, Ogilvy and GroupM, generated revenue of 3.29 billion pounds ($4.24 billion) for the quarter compared with GBP3.13 billion for the year-earlier period.
WPP reiterated its guidance for 2019. It continues to expect like-for-like net sales to fall by 1.5% to 2.0%, and headline operating margin to net sales to fall around 1.0 margin point on a constant-currency basis.
"Our growth in 3Q is encouraging but we are focused on delivering these longer-term goals and know there will be twists and turns along the way. Our guidance for 2019 remains unchanged," Chief Executive Mark Read said.
WPP's third-quarter net sales performance improved compared with a 1.4% decline in the previous three-month period, after French peer Publicis Groupe SA PUB, -0.23% cut its 2019 guidance and fell short of analysts' expectations for the third quarter earlier this month.