Member Info for CharlesMunger

Https://www.cityam.com/martin-sorrell-calls-wpp-catatonic-as-goldman-issues-sell/

Sorrell added: “Remember what Warren Buffett said. Good management meets a bad business, the bad business always wins.”

In summary, we are focused on three areas. First, top line growth, where we are making some progress, but not sufficient. Second, on margin improvement, where we are progressing, but not where we ultimately want to be. Finally, improving liquidity, where we have made very significant progress. Effectively, we are half-way through our AI-driven turnaround, with the more significant half to come."

Https://www.bandt.com.au/sir-martin-sorrell-the-industry-is-more-interesting-now-than-it-has-ever-been/

11. August 2026

Mark your calendar fellow shareholders.

"It is better to keep your mouth shut and appear stupid than to open it and remove all doubt"

Mark Twain

There are no any nasty surprises in that Q1 update for me to reduce or sell out my position here.

Day traders hoping to get rich quick selling in panic...

There are no any nasty surprises in that Q1 update for me to reduce or sell out my position here.

Day traders hoping to get rich quick selling in panic...

The number of Monks in the Company was circa 6,200 at the end of the first quarter, down 11% compared to circa 7,000 at the end of the Q1 2025 and 2% lower than year end of circa 6,350.

Yes 1.1p interim plus 1.1p final

Yes interim 1.2p plus final 1.1p if results are met

Https://edition.cnn.com/2026/04/23/business/ai-hallucination-sullivan-cromwell-nightcap

"M&C Saatchi axes dividend as Middle East strife, U.S. woes hit FY25 profit"

https://uk.investing.com/news/earnings/mc-saatchi-axes-dividend-as-middle-east-strife-us-woes-hit-fy25-profit-4615901

reported a 26.1% fall in like-for-like operating profit for 2025, scrapped its final dividend in favour of share buybacks

Just another day trader hoping to get rich quick.

The only thing you really care about is share price!

Stop asking for predictions. Nobody got a crystal ball here.

No one cares about your pathetic posts here about share price. It could go back to 16p a share or shoot up to 1£. Nobody knows. Do your own resource.

Https://www.campaignlive.com/article/martin-sorrell-continues-fire-shots/1954077

SB - S4’s share price is at 27 cents today (March 19). Its market cap is £132 million. So what happened?

MS - We didn't integrate as effectively as we should. Liquidity now is much better. Our two issues are top-line growth and margin. We have good relationships with about 50% of our businesses. We do about $1 billion [revenue], and we have strong tech clients. Our biggest client is Google. Our second-biggest we don’t talk about publicly. Then there’s Amazon, T-Mobile, Procter & Gamble and Unilever. It’s a strong pipeline. We haven't got adoption at scale yet. We started off very well in COVID times and beyond. We overhired during COVID. Our staff costs to revenue ratio is still too high, margins are still too low. It's an interesting position. We’ll see what happens.

SB - So when Cindy Rose at WPP or one of the other holding company bosses reads an interview with you and you're opining on their business model, they could turn around to you and say, “Why aren't you doing better?”

MS - Let them do that. That’s absolutely fine. We'll see.

Oxford nanopore is his other position

Https://www.businessinsider.com/pitch-deck-uplane-raised-funding-to-replace-marketing-agencies-ai-2026-4

Https://www.marketingdive.com/news/publicis-addresses-trade-desk-spat-calls-sora-shutdown-symbolic/817410/

delivered its 20th consecutive quarter of growth in Q1 despite the Middle East conflict, which executives said hasn’t rattled client spending

“[Clients] know that if they cut marketing spend, they will lose market share that would be very expensive and very difficult to win back, and this is why we have not seen any significant reduction in marketing budget in Q1,”

The CEO was also asked about the surprise shutdown of OpenAI’s Sora, an AI video-generation app that delivered a blow to Publicis’ stock price when it launched. Some skepticism has risen over whether agency-led AI platforms can compete with hyperscalers, but Sadoun described Sora’s shuttering as “quite symbolic.”

“Hopefully, the market should recognize it because it fully confirms what we have been saying all along and that we are continuing to say, is that consumer adoption is moving faster than enterprise adoption,” said Sadoun. “Clients actually don’t want gimmicky solutions, but they really want enterprise-grade solutions to operate within their own environment.”

Https://finance.yahoo.com/markets/stocks/articles/meta-poised-surpass-google-digital-154844607.html

Https://www.storyboard18.com/advertising/microsoft-and-publicis-deepen-alliance-to-build-ai-driven-marketing-engine-94560.htm

Https://www.forbes.com/sites/jodiecook/2026/04/06/how-agencies-survive-ai-according-to-the-man-who-built-advertisings-biggest-empire/