Member Info for andsoforth

Full year adjusted profit estimated to be £45-47m, but will be £36-40m. This is a big miss: c10%. Price may take a tumble today.
https://www.londonstockexchange.com/news-article/DLAR/trading-and-turnaround-plan-update/15298317

https://news.sky.com/story/m-c-saatchi-suitor-advancedadvt-sweetens-bid-with-cash-12523623

New offer to include 40p cash as well as shares in ADVT.

There was an update in January last year, and results followed in March. These should be a catalyst, one way or another!

Unlikely. SAA need to make the transition to more electronic business. SFOR are already there, and have Sorrell to make all the necessary business connections. ADVT is probably the only likely deal, unless a US firm comes in. The only likely alternative is maintaining the status quo, and if that happens Murria will depart and we will see a sell off.

Results to be materially ahead, and FCA investigation closed. Firm doing very well, but will we????? Any movement here on volume will be a real indicator of what is to happen.

True, but irrelevant tp. They probably already have the numbers to push this through. Directors selling up and moving on confirm this. The only uncertainty is exactly what we will receive for our oldings. There will be no cash, so it is what proportion of the company we will hold that is yet to be decided.

https://www.londonstockexchange.com/news-article/SAA/directorate-change/15292798

CFO has gone. Search for replacement in progress. Not good.

"...anticipates the Company's continuing underlying profit before tax will be significantly below market expectations. This is driven by delayed recovery in our contract business where the improvement in our customer's demand has been slower than expected"
Weak management.

Management bailing out is a VERY bad sign. They seem to be rolling over under pressure from VM. My guess is the takeover will go through more or less as offered, management depart much richer, and a new path will be taken.

The threat here is not to production, but simply to the ability to do business. If conflict comes, sanctions will be imposed. I hold here, but despite the fantastic figures I am now reluctant to add.

No RNS as it is Saturday. Wait to 0700 Monday!
GSK market cap £83bn.
Offer for consumer healthcare £50bn.
Consumer healthcare generates c20% of total company revenue, maybe 25% of profits.
Unilever has already taken some GSK brands in this area, notably Horlicks.
Unilever must be very keen!

Interesting piece on the World Service last night, but not showing anywhere on the BBC website. The suggestion was that later this year the Chinese government will take over the company, and the creditors will be left with nothing. I am sure ASHM will not be the only UK entity impacted, and there is perhaps the chance that this will be the start the dominoes falling. The CPC would probably see themselves as insulated from the worst of this, as the debt is largely held abroad, and the domestic impacts can be largely absorbed by government intervention. Could this be the start of a big Bear run?

You are right my friend, and I am wrong. Rather glad about that!!!

Debt = market cap. Not good. Also not good is flogging off part of the business to help pay this down. Additionally EBITDA was downgraded last year, and operating profit is down c5%. Big bad of "not good" here!
Bizarrely Stockopedia shows a PER of 9.5 , and a PEG of 0.38, very positive indicators. This may well have developed into a classic value trap.

RNSs show three SAA directors sold off shares yesterday

Ignore my last, it was from Friday!!!!!!!!!!!

Berenberg and Liberum raise to "Buy", targets of 112 and 106 respectively.

https://www.londonstockexchange.com/news-article/market-news/government-forces-developers-to-fix-cladding/15280047

Addition of a surveying business, bought at less than twice revenue. Seems a good deal. Expansion continues.

ADVT are offering a poor, paper only, takeover. A cash offer from them is not on the cards. Cash would only come from another potential bidder. ADVT can command about 25% of the votes needed through their own and Vin Murria's holdings. They will have possibly hoovered up another 10% or so in the last two days as PIs get out. So 35% is most of the way there. Institutional holders may back Ms Murria, and if so this is a done deal. The SAA board say this undervalues the company, and I agree. ADVT said after hours they want to discuss the terms. Negotiation by RNS is not a good sign. ADVT will try to schmooze the SAA board around to their way of thinking. There's a good chance they could be successful, but the SAA board should simply reject this out of hand. If they do ADVT and Ms Murria will off load their shares, and the price will tumble as a result. Whatever happens we are knackered in the short term, and most probably in the longer term too.
If th