Member Info for CharlesMunger

23.07.2021 10:25

I did buy 1086 shares @ 701.9374p

My smartest move with S4C so far.

Has been buying since summer 2019 all the way up. Averaging down ever since. Shareholder for almost 7 years. Average share price 62p. Still 50% down on my investment.

Tell me about patient.

Https://uk.investing.com/news/stock-market-news/brownforman-stock-jumps-on-potential-pernod-deal-report-93CH-4579450

I did my homework and watched webcast yesterday.

New clients are too slow to move to their subscription and asset based revenue model, while they can't force existing clients to move there as well.

Unless they achieve that, their business model is really no different from any other ad company out there.

They call themselves New era company - faster, better, cheaper and more, but they still have to prove that.

Revenue is falling, company is downsizing, there is no growth.

At least they are fixing the mess they created themselves.

On the right path, but it's gonna take time.

Fingers crossed.

245,000£ director buys

Https://www.wsj.com/business/s4-capital-shares-jump-after-company-reassures-on-outlook-6a0f1d9f

Https://www.cnbc.com/2026/03/25/david-blitzer-blackstone-ipl-rcb-purchase.html

8 whoppers (1 new one)

Monks.Flow continues to evolve and drive growth

Q&A : Revenue model change

How quickly do you think you can move away from traditional time and materials model? And in the meantime how do you protect your revenue and margins until you achieve majority of subscription and asset base revenue model?

Scott Spirit : In terms of the timing it never happens as quickly as we would want it. We are certainly ready to do this, we pushing it, we have one of our major client we won last year, is fully on this model, and we certainly pushing it with our larger tech clients, and are keen for this transition to happen as soon as possible. It takes a little longer than we would like, it's something every pitch we discussing has an element of this build into it, if not fully on this model. It's little tougher with existing clients cuz you have existing contracts and plays so that's where it is probably slower.

New business wins so far this year include new or broadened relationships with Asana, Amplifon, Samsung, Square, NCS, Opella, Visa, Cinemark and HelloFresh. We also continue to expand many of our existing relationships, in particular General Motors and Amazon, which have ramped up significantly in the second half of the year. In April, we won a large "Real-Time Brands" assignment with our existing client T-Mobile. In July we were engaged by a leading US-based Global FMCG, as their Content Studio Agency Partner, which draws on both our "Real-Time Brands" and "Orchestration Partner" propositions with a focus on quality creative combined with dimension and cultural relevancy, beyond simply making assets at scale.

The Company's capital allocation policy is to prioritise dividends (currently 1.1p final dividend), then further debt repurchases and finally share repurchases as net debt falls further.

Https://www.londonstockexchange.com/news-article/SFOR/audited-2025-results/17516098

The Board proposes a final dividend of 1.1p per share, a 10% increase compared to prior year

🤡

One analyst asked whether Omnicom still expects clients to reinvest AI‑driven savings into marketing, instead of just spending less with the holding company.

It’s been Omnicom’s position that the former is true.

Wren didn’t walk that back, but he acknowledged that his “position evolves every day, just as generative AI is evolving constantly.”

For now, Omnicom is testing a mix of tools. Some are for clients and some are to help its own people work faster and automate tasks that used to be done manually – changes that could improve margins and, eventually, replace certain roles.

But Yuvienco pushed back on the idea that the only point of AI is to do the same work with fewer people.

“AI and generative AI [are] allowing us to do … more than we’ve ever been able to do,” he said, “and, more importantly, it’s allowing us to do things that we haven’t been able to do in the past.”

And then Wren closed the call with a minor mic drop. Better results, he said, not cheaper execution, will decide how much clients pay.

“If our ideas generate lots of money,” Wren said, “we’ll be expecting to get paid for that.”

Https://www.reuters.com/business/ad-giant-omnicom-posts-upbeat-quarterly-revenue-boost-ipg-acquisition-new-2026-02-18/

Could Martin be wrong about Omnicom & Interpublic merger?

Https://www.exchange4media.com/advertising-news/from-mad-men-to-machine-minds-152061.html

We have to get our house in order first - Sorrell.

No birthday wishes to Martin yesterday on this chat!

Says a lot about shareholders mood...

The worst is behind us. I can see the light at the end of the tunnel.

Happy birthday Martin!

Https://www.msn.com/en-in/money/news/if-brands-don-t-use-the-new-methods-they-get-taken-apart-martin-sorrell-founder-and-executive-chairman-s4-capital/ar-AA1Wf3iJ

Https://www.theguardian.com/media/2026/feb/13/uk-ad-agencies-biggest-annual-exodus-of-staff-ai-threatens-industry

"Moody’s and FactSet stocks slide on S&P Global’s weak 2026 outlook"

https://uk.investing.com/news/stock-market-news/moodys-and-factset-stocks-slide-on-sp-globals-weak-2026-outlook-4498753

Https://www.adweek.com/media/chatgpt-gets-ads-omnicom-wpp-and-dentsu-line-up-brands-for-openai-pilot/