Member Info for Cardinal3

Presumably the news that the LSE is now smaller than the Paris SE has nothing to do with investors preferring an EU market.
Also we've taken back control of our borders...oh wait...

Excellent all round results. It’s good to see the board have control over the costs and a clear focus on margins.

ManU
'WouldBGatsby- ( mon ami) is acually spelt - mon amie.'
Is that like 'acually' should read 'actually'?

Meanwhile the results could prove a turning point if there are no unexpected upsets

Watkin Jones yesterday (Thursday) received planning approval on appeal to a mixed use development including 366 residential units, commercial and community uses. It’s a big deal and I’m surprised it’s not been the subject of an RNS.

Not sure he will be able to get the country back on track given the systemic problems but I’m encouraged that he can add up, unlike the last two incumbents of the top job. A period of stability is what’s needed.

Paul

I hold for dividend which is automatically reinvested but won’t be adding otherwise. For me this is a core holding but expect it will track the market down. The saving grace is the quality of the management.

Gate

Throwing cash at an already inflationary economy can only lead to more inflation. And a rise in interest rates which will choke investment. Add the energy hikes and all this can only
lead to recession and a lot of pain for ordinary people, The markets clearly feel it’s too much and are acting accordingly. I’m not a Tory but if I had had the choice I would have voted Sunak as he can add up. All the Tories I know did- and I know a lot. Truss has gone for her own brand of economic management presumably with the ear of the BOE not pushing on by 0.75% like the USA. She’s wrong. Madhouse economics and while you are right about ‘time will tell’ the issue for me is that we don’t have time. Stability and confidence in our finances matters and even the IMF have expressed concerns.

Gate
Looking at the performance of this shambles of a government I find it hard to argue that they deserve to remain in office. I fear the worst for all of us from Truss and her crew continuing to ignore economic common sense, rather than from Starmer. With Corbyn et al sidelined there’s a fighting chance of a sensible Labour govt than the socialism many of us fear. Tax and spend? Ask Kwarteng.

Organic growth rather than acquisitions is the right path just now. After the breakneck speed to date it's right to consolidate the business, get the organisation in shape and manage costs. It feels Sorrell has learned the lessons.

Nige
You said the most important point ' I would say if you have trust in the current management'. In light of the mess over governance I would like to see evidence of improvement there as much as in underlying performance. So while I have shares here the jury is out on trust in the current management. Let's see what the accounts look like.

Ninetails

Very impressive that your wife is a trained crisis counsellor (not councillor btw- they are elected). Given the state of the country we might need more of her services shortly.

Manure

Just checking you are ok as you haven’t posted for an hour.
We know when the results are due. Just saying..

I'd just like to say this feels like such a well-run company with a superb CEO.

Nige I think you are being optimistic. I'm hoping they don't find black holes after the previous shambles and we can focus on the real business not accounting issues

I've just averaged down as the director appointments show the company is starting to grow up in governance

That's quite a stake. Good luck THrugelmir.

Sorrell's drive for growth through acquisitions and the lack of adequate financial control and governance has led to this

I've had Lgen for ages but wondered if anyone knows of the comparatives with Aviva which looks good but similar market?

cheers

Phrontist
You said "I keep checking Google Finance only to find that the S4 entry for 2022 Q2 Trading Update is still missing almost 3 weeks after release date. Does S4 follow these things up? Some, but not all companies, have Trading Update on Google and Yahoo within a week".

Companies only have obligations to post an RNS on the London Stock Exchange and their own website. If the likes of google finance haven't picked it up that's not their problem. It would become one if they made an error such as posted the wrong company's RNS.

The RNS is illuminating as it doesn’t have the usual Sorrell flamboyant feel and is more straightforward. The audit problem has hit home, and that’s a good thing.