Member Info for Globex

FTSE100 absolutely nailed on now. Final reckoning market close today and we're #1 of 250 by fair margin. Formal announcement to follow tomorrow.

Could be time to buy here. Debs today shows extent to which some these unloved consumer discretionary games have been oversold this year.

If you're going to copy and paste from ChatGPT, better to credit AI rather than trying to pass it off as your own.

So much of this slop on these boards these days.

Really grim stuff.

They previously announced to the market £2.9m would be paid by Minto by way of a settlement for his conduct. Specifically in 2024 they said:

"The Settlement Sum will be paid in six annual instalments, with the first payment of £483,333.35 due on 28 March 2024 and subsequent equal instalments of £483,333.33 due on 28 March of each calendar year (with the final instalment payable on 28 March 2029). If a Settlement Sum instalment is not paid on time, then interest will be charged at 8% per annum."

Fast forward to today, they bring him back while FCA investigation into period covering his tenure rumbles on.

They also only now tell market he hasn't paid second instalment due in March, and that they won't bother perusing him for it. Of the £2.9m owed, he's only paid £483k, so what about the rest? Seems shareholders are being asked to wave it goodbye. In fact the company will now be the one to pay him fees! You could not make it up.

Don't worry guys, you can be sure old Sorrell will have made up for some that paper loss via the expense account, to judge by his form at WPP. Difference is now is nobody to stop him. Who do you think has been funding his endless 'excursions'?

Just noticed price here 314p. Exactly 100x pi itself lol. Traders are just having fun with this one.

The drop here appears to be more significant though vs the large AI names. Likes of NVDA have only really started retracing in last month or so/ That's dropped ~12% so far, whereas this has effectively been in freefall since the summer. Now 60%+ off that Feb peak.

Will be interesting to see where it does finally land though. Having blown through all exiting support, next significant threshold you'd think would have to be that 280p IPO price. If even that doesn't hold, I'd say all bets are off.

One potential catalyst would be if they binned current CEO. Ions has now been in position for more than 15 years, a very comfortable gig for him but way outside governance norms. Bit of a wildcard admittedly but Chair appointed last year must be aware of need for new direction here given the multi year underperformance, so you never know perhaps he'll look to shake things up.

One thing you can virtually guarantee about forthcoming results will be CEO trying to blame external factors for the inevitable AUM outflows again. That will come despite major indices being close to an all time high and curiously other asset managers like Jupiter or Schroders continuing to gain market share and seeing big share price gains this year.

Special dividend was 11.00p + 4.10p = 15.1p.

The stock is actually down by less than that despite being ex-div day (14.20p).

No dividend if you bought today, payment applies to holders on register at market open, so last chance to buy before it went ex-div was yesterday.

Extremely unlikely, they are at cutting edge. IQE's offering is nowhere near as advanced, nor do they have required scale. IQE's precarious financial position would also mean taking on unnecessary supply chain risk. Like any other advanced semiconductor designers, AMD will almost exclusively being using TSMC as their fab.

Unusually a director dealings notification of CEO buying shares this time, rather than selling them.

Only snag is the amount being so token. 5,800 doesn't look great vs the 500,000 he dumped in June and impact that had on sentiment. He must know market not this naïve.

Excellent trader though.

Interesting to see the stock flat despite being ex-div day. Free dividend, you don't get that with many names. Everything appears to be going in right direction here, especially reduction in borrowing costs coming with gilt yields reducing massively over last couple of months.

Another catalyst here will be FTSE reshuffle next month. At a minimum WPP will get booted from FTSE100 leaving a slot for this. This currently top of FTSE250 and seems a dead cert next rung up.

Share price up 30%+ since August, frankly I'm pretty delighted with that.

Haven't seen too many doomsters, this board has been basically dead for last few months (apart from maybe me and that AI copy & paste guy that likes to say bullish divergence a lot lol). Had quite a few broker upgrades in last few months too, some of which I posted on here.

Big clue for me for this having potential to recover were the decent numbers being put out by sector, Richemont/Swatch in particular. Having said all that going to bank this one now. It may well continue to go higher but other opportunities beckon. Good luck.

A very decent set of numbers and good to see special divi and it being ahead of previous expectations. Even unloved Argos seeing marginal like for like gains.

A very well company battling it out in what must be one of the most competitive markets for groceries in the world.

Naira now lost 15% of its value vs GBP since first half of the year which will directly feed through to company's numbers.

You could call it a bit of a headwind for the company to have this level of exposure to a country where Christians have been massacred and US government threatening military invention.

If anyone wondering why the drop today https://www.bbc.co.uk/news/articles/cev18jy21w7o

PZC looking exposed here, uninvestable now sadly.

Nothing to do with shorts, there are zero declared over 0.5%. If anything it would make more sense to blame the net longs like Canaccord who have been selling down their holdings. But share price fall isn't their fault either. It's just a distress situation because of company's wrecked balance sheet as a result of running at a significant loss for many years. No spivs or spooky conspiracies needed.

Agree major questions to answer on why did they not exit Nigeria/Africa when they had the chance. Why talk about it for years but do nothing? The Naira crash should have been an immediate call to action.

Sure enough now the geopolitics have gone from bad to worse, will be a very difficult sale with stories like the below developing.

https://www.thetimes.com/world/africa/article/massacre-of-nigerian-christians-draws-anger-of-us-right-k7vdwqn6n

https://rileymoore.house.gov/media/press-releases/congressman-moore-urges-secretary-state-designate-nigeria-country-particular

That's incorrect on two counts TheTrotsky.

The percentage holding is the notifiable part, not number of shares, and threshold change for overseas holders - and therefore applying to 210k Capital LP - is 5%, not 1%.