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Pin to quick picksM&C Saatchi Share News (SAA)

Share Price Information for M&C Saatchi (SAA)

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Share Price: 208.00
Bid: 208.00
Ask: 209.00
Change: 0.00 (0.00%)
Spread: 1.00 (0.481%)
Open: 208.00
High: 209.00
Low: 207.00
Prev. Close: 208.00
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AIM WINNERS & LOSERS: Nightcap sales up; M&C Saatchi to resume payouts

Fri, 29th Apr 2022 10:47

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Nightcap PLC, up 7.1% at 20.61 pence, 12-month range 13.30p-34.92p. The London-based bar operator says net sales in the 14 weeks to April 3 amounted to GBP9.6 million, up 53% from three years earlier, before the onset of the pandemic. In the 40 weeks to April 3, sales were up 49% on a three-year basis to GBP25.2 million.

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M&C Saatchi PLC, up 6.8% at 191.20 pence, 12-month range 119.07p-210.00p. The London-based advertising agency says revenue in 2021 climbs 22% to GBP394.6 million from GBP323.3 million. It swings to a pretax profit of GBP21.6 million from a GBP8.5 million loss. It plans to reinstate dividends this year. M&C Saatchi separately says its independent directors feel an approach from AdvancedAdvT Ltd undervalues the firm. "However, the independent directors believe that it is in the best interests of all stakeholders in M&C Saatchi to continue to engage constructively in discussions with AdvT," the company adds.

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AIM - LOSERS

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Westminster Group PLC, down 9.6% at 2.17p, 12-month range 2.09p-6.70p. The security contractor says revenue in 2021 falls 29% to GBP7.1 million from GBP9.9 million in 2020. Westminster's pretax loss stretches to GBP1.9 million from GBP761,000. "The outlook for 2022 is looking positive as the worst impact of the global Covid-19 pandemic recedes and travel restrictions are lifted in many areas, although we remain mindful that global outlook remains uncertain, not least with the Russian invasion of Ukraine," the company says.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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24 Jan 2022 12:47

UPDATE: M&C Saatchi says improved AdvancedAdvT offer undervalues it

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24 Jan 2022 11:15

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UPDATE 3-M&C Saatchi rejects improved offer from top shareholder

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UPDATE 2-M&C Saatchi rejects fresh offer from top shareholder

(Adds detail)LONDON, Jan 24 (Reuters) - Advertising group M&C Saatchi has rejected a fresh takeover approach from the acquisition vehicle of its top shareholder Vin Murria.Murria's AdvancedAdvT said on Monday that it had floated two options, one a...

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23 Jan 2022 16:14

UPDATE 1-M&C Saatchi suitor AdvancedAdvT makes fresh offer with cash alternative- Sky News

(Adds details from report, and background)Jan 23 (Reuters) - AdvancedAdvT has made a fresh takeover offer for advertising giant M&C Saatchi which includes a partial cash alternative for investors in the British group, Sky News reported https://bit...

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23 Jan 2022 15:11

M&C Saatchi suitor AdvancedAdvT makes fresh offer with cash alternative - Sky News

Jan 23 (Reuters) - AdvancedAdvT, the quoted bid vehicle pursuing a takeover of M&C Saatchi, has made a fresh offer which includes a partial cash alternative for investors in the London-listed advertising group, Sky News reported https://bit.ly/3n...

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21 Jan 2022 09:44

M&C Saatchi notes closed UK FCA investigation; outlook confident

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M&C Saatchi sees FY profits 'materially ahead' as FCA drops probe

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21 Jan 2022 07:40

UPDATE 1-Ad group M&C Saatchi lifts profit outlook, says FCA probe dropped

(Adds details)LONDON, Jan 21 (Reuters) - British advertising group M&C Saatchi raised its 2021 profit outlook on Friday and said an official accounting investigation had closed without any action being taken, in a boost to a firm being circled by ...

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21 Jan 2022 07:28

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