Member Info for GoCPI

@Auson - You're only taking the NYSE into consideration and have left out the NASDAQ's market cap. As of August 2024, that was another $22T in market cap.

And the way that NVDA and the rest of the MAG7 have fired in 2025, you'd expect the US stock market capitalisation to be significantly higher.

Yes, best to do that Nige. I disagree with Poker on many topics and he sometimes comes across as abrasive, but not worth getting rankled over what's written on here and focus on what you can take away from bouncing your thinking on boards such as these. Echo chambers aren't good for investors and I certainly welcome disagreements.

Having said all that, I know that the LSE is still a tripe of a stock exchange made worse by Brexit. :-)

RWD - Concur with most of what you wrote. I don't buy the 'Too much debt' and hence there should be no dividend argument. That isn't the problem - S4 generates enough FCF for debt not being an issue given when its due for repayment/refinancing in August 2028 and has good cash on hand. Yes, and it can get a lot better WHEN the cost base is reduced to less than 70% of revenues.

"Blaming the exchange is like a football team blaming the lowly league they are in, when its the performance that counts"

Except we're talking about a stock exchange which has lost a meaningful amount of participants because of Brexit and not a football team, assuming that actually counts for something!! A no-growth economy driving a stock exchange where the only metric that seems to matter is growth - the blind leading the blind syndrome. To me this encapsulates all that's currently wrong with UK PLC.

I'll leave it at that. Maybe all these small wins will offer us a way out of this negative growth conundrum, with Monks offering smaller companies with AI driven personalised content creation efficiencies, and at the same time diversifying a bit more away from concentrated revenue streams from large techs. Whether S4 comes out on top with YOY growth in Q1 2026 is ultimately what will allow us to break out to new 52 week highs (above the 30s) or keep us floundering at these levels.

Https://www.linkedin.com/posts/monks_our-paris-team-just-got-a-little-sweeter-activity-7383893005167939584-ZJ4h?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAAAAUxm0BVJOwy-26lnt3xvoU6ukczucme5w

"In the US this would just be a real tiddler lost in the forest of other tiddlers ...who is to say it would not be shorted there at the moment ...

Anyone from the US or Europe can buy here ...they dont need to be listed there"

I get all that, but you're missing the point, Poker. On this shallow as f*ck stock market with the 20 participants on this message board seemingly trading among each other and moving the price up or down, price discovery is equally shallow and all reasonable stock valuation metrics are thrown out of the window until there's revenue growth. IMO, that 'growth' seems to be the only driver on this exchange. Not so on deeper markets like the US and since Brexit you can even say that many of the European exchanges behave better than this god forsaken exchange. :-)

I know we debate the point about listing S4 in the US to death - for a circa 80% US revenue earning business that should be a no-brainer, but I get that its tough work for the management team. And that Golden share is a bummer, but shouldn't be a show stopper when you have the US government taking a golden share with the US steel deal. I get that its forwned upon on the US markets when an individual owns such a share and relinquishing that could be whats stopping Martin from considering a US listing.

Anyways - its the state of affairs on the LSE that I look to blame for the pathetic underperformance of S4's stock; it's never the constant revenue misses or the inability of the management team to get to a sustained high EBITDA levels that's seen at some of the HoldCos. LMAO!!!

In terms of the stock price, there is no way we'd be valued in the distressed state that we are now valued at here on the LSE, if only we were listed on a deeper stock exchange like NY, hell even on the continent dare I say.

From late last week, but is an interesting read on the state of affairs at S4. Fitch is forecasting net revenue down circa 7%, which is circa where I'm at too. However, the scale of cost cuts in Q3/Q4 is an unknown and how much they can move the needle on EBITDA margins is key.

https://www.fitchratings.com/research/corporate-finance/fitch-downgrades-s4-capital-to-b-outlook-remains-negative-10-10-2025#:~:text=Fitch%20Ratings%20%2D%20London%20%2D%2010%20Oct,The%20Outlook%20remains%20Negative.

Heat - Clueless AImLess and Mindless Meekie only want to rile you up to elicit a reaction and a few on us keep falling for it. It's as predictable as the sun rising and setting. :-)

They add zero value, are perpetually wrong when the market trend turns against them - I realise the urge to respond is great, but there's nothing to be gained by engaging with these clueless numpties. GL..

"The markets have dropped off a cliff because trump and xi are at it again"

Probably not the worst outcome given how overheated the US markets had become, and whilst I'd think that a rational numpty trumpty will come to the fore next week, there is a good chance that he won't. However, today's trading action was very positive and after the current bout of selling moderates and flips back around, we should be off flying again.

Dumpster knows that the US economy is a much precarious position that it was in during the April sell-off and a prolonged tariff battle with China at this time risks putting the US in a recession. Calmer heads will ultimately prevail even if there is that October selloff, maybe in November, IMO.

New 52-week highs soon enough!!

Is AimLess still around trying to find platform 9 and 3/4 for 2:25 train? Or has AimLess now dumped that train and trying to catch the 3:00 Pm? Neither are in sight now..

And where's the Gaslighter Meekie? Labour loving and yet can't see the wood for the trees and actually comprehend that a big spending labour government is good for CPI's fortunes!! It takes all I suppose.

@NigeCo, the less I say about this shiite stock market, the better it is. However, who do we blame for making us marooned in this bubble - that's Martin's steer and hence by extension his fault too. I'll leave it at that.

The key question for this 'stupid UK market' is whether the revenues from GM/AMZN/New FMCG company will more than compensate for the revenue drop from the tech clients in H2..It almost certainly will in Q4 and if they can guide to that with the Q3 results then maybe the idiots on this market might take notice?

The less I talk about the sellside analysts here in the UK, the better it is. They're just a herd and find comfort in their herd driven analysis where the consensus doesn't vary much and outliers are rare!!

"But he has a left wing public sector to contend with"

Spot on, Trisor...I could care less about what he writes on LinkedIn as long as that gets us more public sector contracts and makes us more money. That's the end game. Espousing an 'anti-woke' idealogy won't get you public contracts!!

THis is not a US listed/US majority revenue business and the job of the CEO is to find ways to grow and make money in this shiite business enviroment. And if that means not pandering to anti-woke idealogues, why not!!

Seemingly all the selling pressure is being absorbed today. Every attempt to sell out by our dear traders is being met with equally impressive buying!!

C'est Bon!!

0.6% of 685m shares isn't 30m. It's more like 4m and you could cover that in a day!!!

"markets don't trade on "fair value", so..personally I never really go down that avenue of thought..."

Amen, Poker. The £2 prognostications for 'value' is just pumping, IMO. 'Book value' on the balance heet is under £1 value and we have negative growth, and the BV could even be written down should the business stay stagnant/not grow much as returns from those assets won't just be forthcoming.

S4 needs to return to growth ideally, coupled with lower costs from recent job cuts that hopefully takes us close to 70% cost to revenues mix (maybe even lower). That's when we could see the SP turn a lot higher driven by higher profitability/cash flows. Until that point, I'd take any price targets on here with a handful of salt.

"28p?? over 25% rise on directors dealing.. LOL... You will be lucky if it even closes on 25p range!"

You pump this down - always, PointLess2000...And you take issue to someone pumping it upwards???

Good old, PointLess2000.

What's your nugget of wisdom today laddie? ROFL!!

Good luck, Srbenjo. I like to see the honest ones win!! With some luck (and execution), your underwater position could well turn out OK.