We would love to hear your thoughts about our site and services, please take our survey here.
The Financial Times in Conversation with Sir Martin Sorrell
https://www.youtube.com/watch?v=SPvtqFKBsOI
The shares issued to pay for past M&A was based on a share price of at least 425p each if I'm not mistaken. So for S4 to buyback at current weak share prices can only be a good thing, with expected further share buybacks this coming financial year bodes well IMO. It would also be good to see directors buying, this would help restore some much needed confidence, it would certainly convince me to top up my holding.
Franklin Resources is now S4 Capitals largest shareholder, holding a total of 76,976,400 shares. They have added 26 million shares since 5th Jan. I wonder if they are acquiring shares on behalf of a potential predator.
Verney.... "Can't see 2nd RNS. Is it being held back for the open, can anyone else se it."
I think that the second RNS is related to this mate.
https://www.exchange4media.com/amp/people-movement-news/taco-bell-hands-over-creative-digital-duties-to-mediamonks-132154.html
I'm thinking that the fist half of the year will be slow, second half with the USA election on 5th November should help. I'm thinking that 2025 will be the year for S4 to recover to over 100p, maybe 200p. Let's wait and see, time will tell.
Silvertortoise...."He looks a very stressed and worried man,ive not seen him so twitchy ! He doesnt look well."
I would have to disagree, I was just thinking how relaxed he looks, not just in this one youtube interview. He's relaxed because the share price makes little difference to him, he's in control of the company (with him holding a golden share) and knows its valuation. Like he has said previously, good company's come through the other side. Time will tell.
Sorrell obviously holds the power with his golden share, but I feel that he wouldn't be influenced by a weak share price. The share price could be 300p and he would still demand what he thinks the business is worth, and quite rightly so. That's not to say that S4 won't be on someones buy list, but I don't see anyone picking S4 up on the cheap, Sorrell isn't stupid, far from it. IMHO.