Member Info for Auson

LacticsRule,

Or is it just a level where some people are happy to sell the warrants ? After falling back from touching 14p it does seem like momentum building again. 13.65p hit earlier today.

GoCPI,

We are going to see a reduction in staff costs, so that is at least one positive for the balance sheet.

Redwineday,

It shouldn't report as sold because they have only lent them and often retain the voting rights.

Pauldrayton,

I think you are right and am not sure they are so naive not to know this. I read somewhere recently that carbon credits are cheaper in more 2nd or 3rd world type countries so we can export our carbon emissions so to speak. It also has to weeken the Scottish economy meaning they have less chance of going independent.

Pokerchips,

Were all of those large U/Ts deletion from MSCI indexes ? Enquest, Petrofac I know were both booted out, and had massive U/Ts

I should add this is the same situation for Enquest who are already up 3% today, and also saw a massive U/T

We have been booted out of the MSCI Smallcap Index and added to the MSCI Microcap Index as of 29the Feb. So I expect the selling yesterday will not turn to buying today from Microcap funds

1msn,

Yes I believe there were two other bidders for Media Monks around that level, WPP being one of them !

Obviously sentiment here is on the floor at the moment.

BrokeNSmoke,

I don't believe that is the case at all. Tech deferred its own ad spending all together, I don't think it was a case of spending in house and cutting agency spend. Has anyone go any numbers to disprove my understanding ?

GoCPI,

Good point, what are the Bloomberg holdings saying today ?

I guess there are no sellers and the buyers see no rush.

Pokerchips,

If we are not talking about any cash drawn from the revolving credit facility, I think you are right, so could be something like £2.5m in lost credit interest rather than circa £15m extra interest having less cash. I do know there have been staff cuts since the last update so am thinking there are further cost savings.

Ovets,

Maybe modular homes ?

www portakabin com/gb-en/why-portakabin/on-time-on-budget/

Great posts guys, very interesting.

Still no share price response !

Pokerchips,

I would add that with reduction in headcount from 8600 ( 2023 Interims ) to 7700 ( third quarter trading update) we should see circa £50m reduction in staff costs. Although with net debt higher likely around £15m in extra interest costs. I suspect Sorrell will continue with the reduction in headcount possibly by another 450 to 900, saving a further £25- £50m.

Pokerchips,

But going by the fintel and Bloomberg holdings the bulls already have bought/ are buying. There is not going to be any good Macro data re advertising for some time. This recovery play is about the legacy funds selling out which is why we went down to the 30s, couple that with the accounts delays poor forecasting and the largest net debt SFOR ever had. These things will change before the macro improves then who knows what the shareprice will be. Bear in mind it bounced to 240s quite quickly !

I hope so, but I don't really know if that is the case. I do know that SFOR is much more agile and being pure digital also has to be a big plus.

Pokerchips,

That is interesting, I wonder if they are loosing USA market share. Didn't they recently win Coca Cola ?

Good to see India still being a strong growth market.

Poor Robina,

"Why will the tide turn?"

I don't think he ever went to the seaside as a kid

GoCPI,

I generally don't believe what people say on these boards but I do believe what 1msn has posted. He posted the contract details and I have spoken to him on other BBs for quite a few years now !

This is all very strange though I agree !