WPP Share Price (WPP)

Just Chill ........... Get Yourself A Golden Parachute Sorted And Wait For Takeover ............ That's How It Works, Right??? ........... Technology & The Mericans Are On Their Way.Gla.

Current trading showing sequential improvement on Q2 but market remains volatile:

July LFL revenue less pass-through costs : -9.2%.
US -6.1%,
UK-10.5%,
Germany -7.2%,
Greater China -18.6%,
India -15.5%

£4.7 billion of liquidity

Losses attributable to share owners were £2.6 billion, again reflecting principally the £2.7 billion of impairments and £92 million of other net exceptional losses.

strong controls over working capital, and the flexibility of our business model is delivering the £700-800 million of cost savings targeted

Board considers it appropriate to declare an interim dividend for 2020 of 10p per share

China is expected to see only a 2.8% decline in the advertising market this year, reflecting its strong underlying economic growth and a rapid and successful response to the pandemic.

Major markets in Europe, on the other hand, are forecast to decline 10-20% given the more sustained lockdowns and lower underlying growth.

The USA is expected to decline 7.5%, or -12.9% excluding political spend.

IMHO a polished poor performance, but who's a clairvoyant? CV-19 has decimated advertising and that will be seen across all holding companies. I've not been bowled over by the Mark Read plan, and in my eyes since Sir Martin moved on I've seen few examples of 'fresh blood' within the senior leadership teams across divisions. My money has been in SFOR for a while as Sir Martin has his sights set firmly on the WPP market cap value, and take a look at the trend lines. WPP used to be safe bet for the pension funds, far less so these days. GLA

What's people's thoughts on tomorrow

Hope so. Ripe for take off....headwinds are unfolding one by one.