focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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.
Jpl26...... "Taking NigeCo figure for M&A (£92m) and given that the closing net debt for 2022 was £157.5m"
Net Debt was £110.2M for year 2022
Q1 2023 Net Debt £135.7M
H1 2023 Net debt £109M
Q3 2023 Net Debt £185M
Full Year........ "Net debt is expected to be towards the lower end of the guided range of £180-220 million"
"does anyone know what the total payments to previously bought companies within the group was in 2023 to compare to the £10m remaining this year?"
Lemming99, I have the figures to hand.....
M&A cash charges in 2022 £162.6M
Expected M&A cash charges 2023 £102M Obviously £10M will now be carried over to 2024. So £92M for 2023.
"The Company improved Operational EBITDA margin performance in the second half of the year as a result of significant cost reductions. Net debt is expected to be towards the lower end of the guided range of £180-220 million, with circa £10 million of merger payments delayed to 2024. The annual results for 2023 will be announced on 27 March 2024."
Net Debt was previously guided towards the top end of "£180-£220"
"The company is improving operational EBITDA, and in fact the decline in like for like net revenue is less than expected [5%] at 4%." Another beat.
Hi Verney, The latest analysts forecasts are for EBITDA £103M, Net Debt £241M. I'm going with their prediction for EBITDA, but think that Net Debt will be closer to what S4 management predicted at Q3 results. "We expect to end the year around the top of our previously guided range of £180-220 million" Based on what analysts predictions £241M and further head count lowering from 8,187 at Q3, down to around (speculation of 7,700,) I'm going for no more than £220M Net Debt. Just my guess.
Do you have any predictions on Q4 results?