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SteveJones999,
I don't have any up to date figures but I do know historically HOC had a much higher level of shorts than CEY. So could have been short covering and now they have re loaded and shorted it back down due to POG re-trace ?
Pokerchips,
What were you saying about Marshall Wace not having a reason to reduce their short ?
S4 CAPITAL PLC Marshall Wace LLP 0.49% -0.10% 8 Dec 2023
S4 CAPITAL PLC Systematica Investments Limited 0.49% -0.01% 8 Dec 2023
www shorttracker.co.uk
Pokerchips,
They increased their short position above 60p just 6 days before the trading update, further increasing on the day of the trading update. If US funds are now buying in they might want to lock in those profits, using a quant funds selling to help them do this ( due to low volumes ) would be all the better. Sector wise they have reduced their WPP short from 0.8% on 26 October to 0.69% on 8th November. This has cost them about £8million, the total value of their short on SFOR is only about £1.77million.
Allinittogether,
I hope Systematica's quant fund short escapade here mimics their recent performance
THE HUT GROUP
Systematica short position Date THG share price Share price difference
0.50% 8 June 2023 62.1p
0.60% 29 June 2023 78.3p +15.2p
.050% 13 July 20203 97.7p +35.6p
0.48% 27 July 2023 103.9p +41.8p
THG Price today 83.5p price in Sept 2023 67.4p
FUTURE PLC
Systematica short position Date Share price Share price difference
0.50% 31 July 2023 838p
0.60% 29 Aug 2023 750p -88p
0.57% 15 Sept 2023 791p -47p
0.50% 03 Oct 2023 820p -18p
0.49% 10 Oct 2023 923p +85p
Future Plc price to day 601p or 237p profit missed
Pokerchips,
You might be right about clients not wanting to pay as much due to AI but that point is still quite a long way off. In the meantime SFOR should be in a good position to reap the benefits and win business from the legacy non-pure digital holding companies.
NigeCo,
Who was it we were waiting for on Fintel was it American Funds Small cap with 43million shares ? Looks like Small Cap World Fund ( I think could be the same showing 38 million shares ) and Miller might be the spike in Institutional ownership.
Pokerchips,
Would have thought Sorrell has 51 million incentives not to write down too much goodwill. I thought cost reduction plan was mostly through over all headcount reduction. There have also recently been a number of of notable key hires so I think that shows a willingness to splash out in pursuit of growth.
M007j,
WPP has well in-excess of 100,000 employees and £3.5 Billion in debt , with expected decline in ad revenue and higher interest rates I don't think SFOR is comparable. M&C Saatchi ( the listed one ) is just part of the business it once, and seems to have somewhat flat revenue over the past few years, whilst SFOR has grown 10 times, again not comparable.
Now if you had said Jellyfish.
IPG media intelligence arm Magna is predicting UK adspend will grow by 5.7% in 2024, up from 3.7% in 2023, but a sluggish economy will sap demand for traditional media placements.
Traditional media ad sales are expected to decline by 2.4%, shrinking further after what is on track to be a 6.7% decline this year.
However, overall adspend growth is nevertheless forecast to be firm in 2024 because of a 7.8% increase in spend with digital pure-play media owners.
“Search formats will continue to be fuelled by retail media spending, while the digital video format will benefit from a broader audience and opportunities with Amazon Prime Video introducing ads by default in early 2024,” according to the Magna report.