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SFOR | S4 Capital
Mar 28
Full year 2023 earnings: EPS and revenues exceed analyst expectations
Full year 2023 results:
UK£0.009 loss per share (improved from UK£0.27 loss in FY 2022).
Revenue: UK£1.01b (down 5.4% from FY 2022).
Net loss: UK£6.00m (loss narrowed 96% from FY 2022).
Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 86%.
Revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Media industry in the United Kingdom.
Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has fallen by 57% per year, which means it is performing significantly worse than earnings.
“All of the big groups will have been circling one way or another,” said Dudley. “S4C would undoubtedly bring new capabilities and expertise, but I don’t think this would be the main driver.”
Interesting. It very much looks like someone will take S4 Capital out. A weak share price makes S4 vulnerable.
Tiddlers may try and low ball S4 Capital, we want the sharks to show their hand, step forward WPP. We already know that WPP was pipped to Media Monkes @£266m with threats made to Sorrell if he purchased Media Monks.
I suspect that smart money is moving in on the back of the below comments yesterday. IMO, S4 Capital share price will either be re rated or someone will re rate it for us with a credible takeover bid. Predators are circling. The Times quoted a source saying "everyone's looking at it". Two low ball offers by Stagwell & PE. Jam today or jam tomorrow.
27/3/2024..."LONDON, March 27 (Reuters) - S4 Capital had received no credible takeover approach, Executive Chairman Martin Sorrell said when asked about a recent Wall Street Journal report saying he had turned down approaches from private equity and U.S. rival Stagwell. "We received nothing credible," Sorrell said in an interview after his ad group published results on Wednesday. "We control our own destiny," he added."
LONDON, March 27 (Reuters) - S4 Capital had received no credible takeover approach, Executive Chairman Martin Sorrell said when asked about a recent Wall Street Journal report saying he had turned down approaches from private equity and U.S. rival Stagwell. "We received nothing credible," Sorrell said in an interview after his ad group published results on Wednesday. "We control our own destiny," he added.
So S4 Capital turned down two offers from Stagwell & PE. "We received nothing credible," Will they return with improved offers? Who knows.
Sorrell..... "As rates fall confidence could return"
https://www.youtube.com/watch?v=ARZLPe_lL2A
S4 Capital beat analysts earnings forecasts.
Revenue £1,011.5B........ expected £968.01m
EBITDA £93.7m ..............expected £90.23m
Earnings -£6m ................expected -£32.05m
Net Debt £180.8m ..........expected £223m
1msn, regarding all the companies that you've listed below that S4 Capital has acquired or has S4 report, merged with, do you have a breakdown of the cost associated with each individual company? ie cash amounts & number of shares, price issued? All that S4 Capital have disclosed that I've managed to find is in 2022 Annual results is "invested capital to date c.£1bn". Thanks.
Discusses S4 Capital potential bid & recover in share price.
https://www.youtube.com/watch?v=W9OfMgUwP1k