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Lovelosses
Same here brother! I actually saw the signs but somehow believed the hype and liked how he came across at interviews, appearances etc so just held on and on! My life's savings have literally evaporated!
Just looked at a large number of companies to compare the drop from their peaks, I could only find Metrobank & Asos with similar drops to S4.
S4 is now more than 93% down from its peak only 2 years ago.
Its out there on par with the very worse!!
I'm out of this dog! Always the same jam tomorrow, the next trading statement etc etc! The reality is this is a bad investment, just going down and down and there is nothing on the horizon at the moment to improve its current situation!
SMS has navigated this environment before when building WPP, the stock plummeted then like S4 is doing now!
He is aware that the communications have been poor! The current macro is one of the worst in decades. The company has reduced debt and decreased the losses and the only reason debt is scheduled to increase again by year end is due to final payments of M&As. The company is bringing in good revenues so if Sir Martin can reduce costs then S4 will be cash generative. Also bear in mind this turbulent time will pass. This is the case I put forward as to why I'm still invested.
What's your argument quickdip?? I have asked you twice now, come up with something of substance !
By the way, share prices often do recover when the economy does so to imply that people that have bought S4 have done so because it was high at one point and they just hope it would go high again its just infantile!
Quickdip
If that's the case, how do you explain net debt reducing from 135mil last year to 109mil this year?
Operating loss last year 69mil reduced to 6.4mil this year. He is also reducing costs/ headcount.
Can you tell me how you don't see this company making a decent profit once mergers and acquisitions have been paid off?