The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Redwineday, yes mate, you would think that someone with his vast history of the ad market that S4 wouldn't have made the mistakes that it has. He's said that he doesn't expect the ad market to improve until after the USA election, so November next year. Is he just playing things down here? I think so. With inflation dropping in the UK & USA and now markets thinking that interest rates will be dropping far sooner than previously thought, this should help the economy recover. So maybe SMS will change his opinion.
Redwineday, I agree, down yet again over 4% with no company news. The only way that this will end is management getting results, until then we are at the mercy of traders/shorters.
SMS said at the AGM, that good company's come through in the end. It's time for action now.
"industry sources said that with Drahi apparently having paid an average of 175p a share for his stake, any buyer would have to pay well over 200p."
I don't see anyone paying Drahi 200p per share, IMO he would have to sell at a loss, 150p max. I don't think that he will be selling anytime soon.
It doesn't make much sense why Capital Group would purchase on the 14th and sell on the 18th, not whey they have been purchasing ever since Q3. This announcement hasn't helped with today's share price sell off currently down 3.35%, given such a strong day in the market.
I don't want to speak too soon, but just going by today's volume in just over the first hour of trading the sell volume 316k v 146k, lots of sell trades yet the share price is holding up for now at least. We would normally see a 5 or 6% sell off. Is this a sign that we have hit the bottom? I hope so. Is this the exhaustion from the sellers? Time will tell.
Just going by the latest Bloomberg data regarding the difference between Q3 & Q4 for The Capital Group Companies, Inc S4 Capital total increase is 14,787,893 shares. A 40.4% increase.
https://postimg.cc/cvWJZw1B
UT - Uncrossing Trade: A trade where buyers on the bid and sellers on the ask match together in a single trade, such as at the end of an auction period.
The UT is both buyers and sellers. Websites may report the UT as buyers or sellers but in truth its both.
S4 just need to meet market Q4 earnings expectations next month and then we may well see the start of the share price recovery. With SMS saying recently that he doesn't see the ad market improving until after next years USA election, I wonder if he is playing things down?
Out of the top 21 investors its good to see that 6 institutions all added to their S4 Capital shareholding, with no institutions reducing their holdings.
Institutions that increased their holdings are as follows......
Franklin Resources
Capital Group
Vanguard Group
Hargreaves Lansdown
Interactive Investor
The largest increases are.......
Capital Group
Vanguard Group
Aegon