Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
The decision as to whether Darktrace offer will be accepted will not be down to individual shareholders, it will be down to the pension and unit trust and investment companies at the flotation 81.74% was held by institutions and the largest I have found is First Trust which held 4.34% of the company on the 29th of Feb this year 31 million shares.
This will be decided in the coming weeks and my guess is it will be rejected by the pension funds as been opportunistic.
All the papers had food sales at 12.1% came in 4% lower hence the sell off yesterday, I would be surprised if this stock moves up today, the only good news was women's clothing which improved sales, and less clothing in percentage terms in the January sales.
Not impressed but will still hold onto my 5k, going the right way but expected more on food sales.
I'm in for 3.750 shares to think these were down in the mid 20's at one time, now all I need to do is register with my contract Number to get my coupon for a 33% shareholder discount just in time for Christmas, this share could be touching the 80p mark by year end.
I'm not a ramper, but place CDGP Chapel down wine group on your watch list arrived on the AIM last Wednesday and has been rising every day. Billionaire Michael Spencer behind it and Nigel Wray, stocks already up 5p today and it's mostly all buys, on top of that a 33% discount to shareholders picking up a small profit from my losses in SFOR.
Article from MAA magazine, may be old news but worth a post.
Falling share valuations could lead to takeover challenges for the ad holding companies
Martin Sorrell has done pretty well out of the City, London’s financial centre, persuading investors to back his S4 Capital venture when he was rudely defenestrated from his creation WPP.
Faith in Sorrell helped S4 rise to a dizzy valuation of £6.7bn not that long ago, more than half the giant WPP’s then valuation. But accounting problems, a profit warning and confessing that costs had risen too far in its breakneck expansion, have reduced S4’s valuation to “just” £1bn, painful for Sorrell who’s a big investor with a controlling share.
Now, according to the Telegraph, hedge fund GLG Partners, a subsidiary of FTSE100 Man Group, has disclosed a £5m/0.5% short position in S4, basically a bet that its shares have further to fall. This may not, of course, be a reflection of what it thinks about executive chairman Sorrell’s management but a dim view of the ad sector’s prospects in total.
Sorrell won’t be only ad holding group boss casting a wary eye over his share register. WPP shares have lost a third of their value in the past year or so even though its published figures have been healthy enough. WPP, whose shares rose in early trading today, is now valued at just over £8bn, about half its worth when Sorrell was ejected. As a pointer, Publicis paid $4.4bn for data business Epsilon a few years back.
Ad holding companies and S4 in particular are suffering from the fallout in tech stocks, chiefly Meta (Facebook) although they’re all suffering. If all-conquering digital advertising really is going into reverse they will suffer too as their businesses have been shaped by the perceived need to service the tech giants, WPP and Publicis especially alongside S4.
When stocks go into freefall, bargain hunters emerge alongside the short sellers. We could well see some serious takeover action as we move into 2023.