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Hi romaron,
Looks like euroclear have blocked me but wasn't the last stock on loan figure for Enquest 6% ( the highest I have ever seen )
Again I suspect due to the delisting, would explain the decent Bond price and poor share price.
I am expecting this Brent fall to reverse too.
Indy0105,
Are you JKR ? You are correct its the content part which has poor margin and has suffered from poor ( pricing I think) and cost controls. They have made strides to improve this very recently. I also believe SMS has been talking to a number of investment banks ( I guess trying to get them on board )
I also think you are right for SMS growth is far more important than an extra percentage EBITDA
Mr Long,
SFOR revenue is for 2023 around 10X Media Monks revenue when bought in 2019 for a price you in hindsight state was too much.
At the moment SFOR is probably more around 3.3X EV to EBITDA, At the top end of debt which I take it you are using we will be around 4.4X EV to EBITDA. In 2025 expected to be 1.29 X EV to EBITDA.
Petevid,
Correct although there were other bidders Sorrel had to fend off. Good job there was no earn out deal as I believe Adam and Eve founders have just shared a further £110m between them years after being acquired by Omnicom !
'S4 Capital will announce tomorrow it has struck a cash and shares deal to buy MediaMonks, after outbidding rivals WPP, Accenture and Inflexion.
Although it will not disclose how much it has agreed to pay for the Dutch advertising company, whose clients include Lego, Adidas and Google, its offer was thought to be in the region of €300m (£266m), whereas other parties had lodged bids between €200m and €250m.'
From Bloomberg
As Germany struggles for a path toward net zero, deepening cracks among its storied industrial leaders are starting to show. Siemens Energy AG pledged additional cost cuts on Tuesday after multiple shocks related to its wind turbine unit wiped billions of euros off its market value. Car-parts makers including Continental AG are cutting thousands of jobs to reduce costs as the industry transitions to EVs. Thyssenkrupp AG has so far failed to find a buyer for its steel business that’s draining the company’s cash balance.
Last week’s ruling cast doubt on Germany’s entire financing plans, and senior officials have canceled some public appearances to deal with the upheaval. Germany’s DAX index is little changed since the government announced the spending freeze on Monday.
Bacchussll,
Its near impossible to tell if it were a buy or sell as 'off book' order.
FWIW I actually think it probably was a buy, I think Astaris are probably continuing to take profits whilst other shorters are ( were ) taking up the slack. I guess when they stop we should bounce.
Pokerchips,
You are correct the 870k trade was 'off book'
https://www.londonstockexchange.com/stock/PFC/petrofac-limited/trade-recap
A4lx,
In the case of a fully underwritten rights issue, it would be quite easy for shorters to get wind of the price as the underwriters would be trying to sell the new stock to institutions.