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Jo.... "This is the era where the technology has been enable to cut the middle man out, (the agencies). The big 6, Tik Tok, Meta, Amazon have decided they want the whole pie and the developments we are seeing gives a clear indication of that. No more crumbs for the rest it seems."
Interim statement......
"Our stated 'whopper' strategy of building broad scaled relationships with leading enterprise clients continues to drive our growth. Revenues from our top 20 clients grew 8.9% on a like-for-like basis in H1 2023 and the average size of our top 20 clients increased from £14.3 million to £15.5 million. Our top 50 client cohort delivered similar revenue growth of 11.4% on a like-for-like basis and their average size increased from £7.0 million to £7.7 million. We will likely have eight "whoppers" this year, with a further two on the fringe of reaching $20 million of gross revenue in 2023."
https://www.lse.co.uk/rns/SFOR/interim-results-for-2023-e08eolc82bwy72b.html
And yet today's total volume so far is only 148K.
1msn, not for the first time, why are they not disclosing your trades? Plus, 99.9% of the time there are always large spreads bid/offer prices, more so now we are a low penny share.
1msn.... "I own 2 million shares in this ..my out is 4.20 in 2027"
1msn, wow mate, that's impressive to say the least. Can I ask how you came to a valuation of 420p per share, or on current shares in issue, a M/Cap of £2.44Bln?
1msn, link enclosed below regarding S4 Capital largest shareholders according to Bloomberg terminal screenshot taken on 7/2/2024.
https://i.postimg.cc/QtzgWzcp/Capture.png
"well spending £2.7m cash on share buybacks out of a Q3 cash level of £137.7m is neither here nor there , and the fact they aren't spending more, could indicate they are battening down the hatches to preserve cash.... but at the same time want to say "well we did do a buy back as we suggested we would "
Pokerchips, with Net Debt expected to be close to £200m at year end 2023, has something to do with it. So IMO spending £2.7m on share buybacks now if management thinks that conditions are going to get worse would be irresponsible IMO.
Jo..... "If you look at the employee stock ownership plan, there has been a reduction of 6.81%. This could well be for to the massive reduction in numbers of employees in the last 5-6 months."
Yes thanks mate, not forgetting a director sold almost 2 million shares.
"Looking at those 2 tabs I see around 36% of the shares in insiders hands."
SMS has said previously that management own 40% of S4 Capital. Maybe its now dropped to 36%.
Redwineday..... "Looks like the Zedra holding is something to do with the S4 Employee Benefit trust which had a similar level of holding in Jan but on that latest screenshot has disappeared. On Zedras website the say they specialise in corporate trusts, so I guess there has been no actual ownership change (also no TR1). Probabaly some trust restructuring/tax whatever."
Redwineday, thanks for the above reply mate, I did wonder if there was some name change that would explain all. Cheers.
Going by the Bloomberg terminal screenshots, comparing Jan 2024 & Feb 2024 In Jan's post Zedra Trust Co Guernsey Ltd wasn't in the top 40 largest shareholders. In Feb's post they have jumped up to S4's second largest shareholder with 52,266,273 shares 8.98%. Just looked up Zedra Trust Co Guernsey Ltd and they were acquired by private equity firm Corsair Capital in 2018. Interesting.