Member Info for MaryBr190

Has S4 Capital been oversold?

Two weeks ago, shares in Sir Martin Sorrell’s S4 Capital (SFOR) were sent tumbling after the digital advertising group warned that 2023 profits would come up short of expectations. Net revenue in the second quarter was below budget, as clients pulled in the reins on marketing budgets in response to mounting economic uncertainties. Nowhere has this been better illustrated than in the broader technology sector, normally a source of substantial fee income. With clients “very focused on the short term”, the impact will be most keenly felt at the company’s core “content” business, which normally accounts for 65 per cent of net revenue.

The group’s financial performance is weighted towards the second half, but it is now targeting like-for-like net revenue growth in the range of 2-4 per cent, down from 6-10 per cent previously, while lower-end operational cash margin guidance has been trimmed by 50 basis points to 14.5 per cent. Hardly disastrous on the face of it, but it might suggest that the accelerated digital transformation synonymous with the pandemic has lost impetus. At any rate, it is doubtful whether early backers of the S4 business model would have done so in expectation of low to mid single-digit margin growth.

Net debt at the half-year mark is put at around £115m, but it is forecast to reach between £180m and £220m for the full year as the group makes good on earlier merger-related payments. This is within management’s target range and not altogether surprising given S4’s aggressive acquisition strategy. It should fall appreciably next year, according to the company.

Mon Tues Wed Thurs.... not long to go - over 103p is my take

I gotta a feeling - party started I blame VV . Let's do it.

https://www.youtube.com/watch?v=uSD4vsh1zDA

V V - ty - just bopping now !

Snake oil comes to mind B-P - acknowledged

Each country will self promote.

https://www.harland-wolff.com/news/team-resolute-selected-as-preferred-bidder-to-deliver-naval-support-ships/

British-led Team Resolute, comprising BMT, Harland & Wolff and Navantia UK

With H&W, Navantia would have missed out and vice versa. Let's settle for collaboration.

https://donate.ledbydonkeys.org/

:)

Either way the answer is patience.

Everything is accretive to the company as it creates a 900 mln backlog and provides a cash flow.

The profits for the company will exceed the current market value and the LTIP may make JW and the shareholders very happy they saw it though.

A 10 bagger from here is easy to imagine in say 3 years time.

With the Tories seeking to delay the election to January 2025 the FSS contact will be bedded in and no risk that Labour will get a chance to meddle.

Blair

I am sure they did as did we all except you apparently. Perhaps you could dispute that with Reuters too?

LONDON (Reuters) -Britain has selected a Harland & Wolff-led consortium to build three Royal Navy support ships under a 1.6 billion pound ($1.9 billion) contract that will create 1,200 jobs in UK shipyards, including in Belfast where final assembly will take place.

Team Resolute is British led bid - 3 prongs - decription is accurate.

https://www.navalnews.com/naval-news/2022/11/team-resolute-wins-contract-to-build-royal-navys-fss-ships/

Consensus

2 Outperform

7 Buy

1 Hold

Dividends

2021

2022

2023

2024

2024

https://www.marketscreener.com/quote/stock/MOBICO-GROUP-PLC-9590116/finances/

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025

Fiscal Period : December

2018

2019

2020

2021

2022

2023

2024

2025

2022 2023(f) 2024 (f) 2025 (f)

Net sales 1 2 451 2 744 1 956 2 170 2 808 3 164 3 262 3 389

EBITDA 1 402 510 187 300 418 426 478 519

EBIT 1 258 295 -50,8 87,0 197 209 253 289

Operating Margin 10,5% 10,8% -2,60% 4,01% 7,03% 6,61% 7,76% 8,54%

Earnings before Tax (EBT) 1 178 187 -445 -84,9 -210 67,5 135 174

Net income 1 136 141 -332 -81,6 -222 33,2 84,8 109

Net margin 5,54% 5,14% -17,0% -3,76% -7,90% 1,05% 2,60% 3,23%

EPS 2 0,27 0,28 -0,58 -0,17 -0,40 0,05 0,13 0,17

Free Cash Flow 1 146 249 -312 -27,6 52,2 117 188 220

FCF margin 5,97% 9,09% -16,0% -1,27% 1,86% 3,68% 5,76% 6,50%

FCF Conversion (EBITDA) 36,4% 48,9% - - 12,5% 27,3% 39,3% 42,4%

FCF Conversion (Net income) 108% 177% - - - 351% 222% 201%

Dividend per Share 2 0,15 0,16 - - 0,05 0,06 0,08 0,10

Announcement Date 02/28/19 02/27/20 03/18/21 03/10/22 03/02/23 - - -

This has not aged well... 2nd march surge to 140p

The group has also resumed dividend payments for the first time since 2020, offering 5p per share, thanks to the recovery in passenger numbers.

National Express shares rose sharply today and were up 13.13 per cent or 16.28p to 140.28p this afternoon, having fallen over 38 per cent in the last year.

Paddy - unfortunately not that I am aware of. IIf only !!

The loss is just capital eroded in the ISA. If a viable company that is likely to recover the best i can come up with is to take the hit or add and average to an exit position. However I would think that you have plenty of ISA gains to take the odd hit.

Not advice.

Nice story to buy into - risks and rewards GLA.

In its recently issued audited final results for FY22 ended 31 December 2022, Harland detailed significant progress in the period, with revenue growth of 51% to £27.96m, and a contracted backlog of £900m, compared to £100m in FY21.

Late last year, a Harland-led consortium was awarded the massive £1.6bn contract for the Royal Navy's Fleet Solid Support (FSS) Programme, prompting a large jump in share price, which has since consolidated. Later in FY23, Harland was awarded its subcontract for the project, yielding several years of significant revenue visibility.

https://www.voxmarkets.co.uk/articles/harland-wolff-shares-gain-as-it-establishes-next-generation-technology-focused-subsidiary-9101346

View From Vox 

Harland & Wolff grabbed investor attention with their update this morning, with the report demonstrating that the company is in a strong position to deliver its target revenues across FY23 and FY24. We are excited to see the updates coming from Harland this year, as the company has already made huge strides across multiple markets in 2023.

In February alone, the engineering specialist announced plans to extend its fabrication halls at the Belfast Facility, as part of its £77m recapitalisation plan, along with the announcement of securing six new contracts within the defense, cruise & ferry, and commercial fabrication markets. 

Following the company consistently announcing a series of successes this year, the update today consolidates Harland & Wolff’s strong position moving into the next financial year.

I believe it was 200m in 2024 which is consistent with the Vox report on 1st March. that was post Siapem too.

https://www.voxmarkets.co.uk/articles/harland-wolff-on-track-to-double-target-revenues-over-the-next-financial-year--3f20593/

n addition, the engineering specialist's updated outlook for FY23 and FY24 includes target revenues of £100-115m in FY23 and target revenues of £200-£230m in FY24. Harland & Wolff continues to maintain its targets, despite well-documented delays experienced across the supply-chain and the recently announced termination of the Saipem contract.

John Wood, Group CEO of Harland & Wolff comments: "It is gratifying to see the levels of activity that are already present in all of our yards, with the knowledge that this is only going to increase steadily - and materially - from this point. The Harland and Wolff machine is really starting to hum and our ability to operate flexibly across multiple facilities will become increasingly important as an industry differentiator as our workload expands. We look forward to the future with increasing confidence."

Thanks for the podcast.

Nice find.

Exciting prospects for the Autumn

Difficult year but a quantum leap forward

FSS contract has meant

H&W have been able to refurbish many facilities

Upskill their staff

and leads to global tendering on the global stage

Broker say On-track for a tripling of revenues in FY 2023 to £200m or their abouts

Will mean a HUGE JUMP in the value of the company, sitting only at £25m market cap

Debt is being restructuring to be annouced in the Autumn - H&W have already more of less completed that process.

Can win lots of contracts and is already investing in technologies, at the cutting edge of shipbuilding going forward.

Huge potential, well managed by JW.

Coming year, revenues from FSS and other revenues.

Bright future and at 13/14p offers great value.

FSS contract will bring £700m over the next 7 years is in addition to the pipeline.

Company in for 20 contracts of which it should win 10.

Also IM - seperate entity - gas storage, a whole new ball game.

New contracts mark a step change.

In lon for an exciting option.

Here's hoping.

£1 party.

When not if

This bit seems to be the reference - chances are there will be a significant find once explored more.

Centamin PLC

Centamin reached an agreement with the Egyptian government on the exploration of the 3000 km² of ground in the Easter Desert and has drilled 3,000m so far. The agreement covers three major blocks and is important because the ground has been largely unexplored. Centamin is Egypt's largest producer and possess a strong balance sheet. Centamin produced 220,000 ounces from the Sukari Mine and is on track to produce 460,000 ounces this year at AISC of $1,400/oz. Cash and liquid assets are $161 million. The shares should be bought.

No 1

SFOR should reward handsomely @ 103 and MCG @ 92p - is a lot better than most on here.

JG68

Sometimes the markets swing the other way when least expected. Think of the upside. I just hold and add and then trim on the move up. Eventually it comes good, usually very good. Paper losses are not realised losses and can be transferred to an ISA to realise in a non ISA for tax purposes (if limits are freed up) and a tax free recovery (not eveything recovers). So even a loss may be used to reduce the tax quite efficiently. Not advice of course.

Plenty of ways to skin a cat.

’Way down East; or, Portraitures of Yankee Life by Seba Smith of about 1854: “This is a money digging world of ours; and, as it is said, ‘there are more ways than one to skin a cat,’ so are there more ways than one of digging for money”.

M.

*** was g-*-y abandon in the original sense pre woke. What a world we live in ! (this prob will get an asterisk too :)

gaz

that is a given and presumably well factored in. companies like gnc adapt and it can be seen from the updates that they have flushed low margin contracts, slimmed down the workforce from the bloated covid days and becone a leaner company while buying back shares with *** abandon.

new business added and expanded upon while lesser companies lost out. greencore is a trusted brand and someone will be running the rule over it before it recovers and required a premium bid.

at these levels the downside is limited and the upside is huge.

one day dividends will return.

businesses adapt.

gla

2 shares with lots of potential, only need one to recover first to set you up.

By balls deep is that a rmfew thousand, tens of or hundred of 000s.

I try to limit holding to 50k shares.