Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
NigeCo,
When Baron was posting back in June look who was buying.
Baron International Growth Retail 0.43 0.75 2,471,319 1,101,982 80.48% Jun 30, 2023
Baron International Growth Strategy 0.43 0.76 2,471,319 1,101,982 80.48% Jun 30, 2023
Baron Discovery Strategy 0.73 0.51 4,250,000 0 0.00% Jun 30, 2023
Baron Discovery Institutional 0.73 0.50 4,250,000 0 0.00% Jun 30, 2023
Robina,
Yeah ok you do come back at 6p with 'I told you so' ' Its all P.I.s selling or topping up' Thats a good one, the reason for the 1.5p down per day is because we have Fidelity selling, we had Permian Investment before that. We also have Miller Value, Third Avenue and Baron Capital Mgmnt buying... When the selling stops just watch.
NigeCo,
Interesting down trend numbers there. I was wondering what caused the jump to 156p recently. I heard through the grapevine there are a number of large pitches at the moment. If and it is an if we win even one that would play quite nicely with the downtrend becoming an uptrend.
NigeCo,
In addition to closed periods where directors can't buy there are also black out periods and other times when directors would be advised not to trade due to insider knowledge of anything, a big pitch for example. That said I am disappointed that someone like Wes didn't buy a few around £1 having sold at £5, perhaps he is just not naturally greedy. I believe Sir Martin is still in a court battle with WPP for his bonus shares award. He has also said he reckons WPP will be broken up and that will release more value for shareholders there.
No update on stock on loan this month I am afraid, but I am fully expecting the selling to dry up this week meaning we will likely end the week north of £1
Good luck all and remember 'its always darkest before the dawn'
'We believe that AI will be fundamental to WPP's business and are excited by its transformational potential. '
I also notice WPP debt is now up to £3.5Billion ( thats a lot of interest payments unless they can pay it down quickly ) and profit before tax reduced from H1 2022 £419million to H1 2023 £204million.
To give more context to ITVs global insignificance Here are the Worldwide net advertising revenues by the top 5 major digital ad selling companies in 2022 ( Only two of those are not SFOR clients )
Google $168.44 billion
Meta $112.68 billion
Alibaba $41.01 billion
Amazon $37.99 billion
ByteDance $29.07 billion
Rock8,
ITV revenue is about £4billion Netflix revenue is circa $32Billion thankfully SFOR has Netflix as a client.
Worldwide ad spend in 2022 just under 23% was television whilst almost 62% was Internet. Stop trying to paint a gloomy picture of digital.
The stock out on loan here was 5.45% in June 5.12% in May 6.56% in April and 7.03% in March Thats a lot of stock to buy back, most if not all of those borrowed positions will be under water.