Member Info for NigeCo

Nice find 1msn, excellent interview, well worth reading. Full article link below.

https://www.campaignasia.com/article/martin-sorrell-on-lack-of-strategy-at-omnicom-and-why-wpp-should-be-broken-up/500871

"VOD going to plan for me so far thanks"

That made me chuckle, aren't you underwater in VOD? Thought so, but you keep telling yourself its all going to plan. As for BT, BT will outperform VOD over the next 3-4 years. Look for a share price in the region of £3-£4 in this time frame. GL.

We've already seen a share price of 28.94p.

SMS has already given his valuation months ago. DYOR.

Https://www.thedrum.com/tv/video/agencies-in-2025-fireside-chat-with-sir-martin-sorrell

1msn, I agree that S4 Capital / Monks is attracting some top talent, this bodes well for the future. You only have to watch the video of last week, enclosed below, S4 has the best tech, better than all the rest.

The Drum interview with Sir Martin Sorrell.

Sorrell said regarding S4 Capital...."Its a good business, its a good agent. You've got very strong tech capabilities, very deep capabilities, tech capabilities that go well beyond anything that I've seen elsewhere, including companies like Accenture, so very strong. We are in a very good position"

I cannot see any gaps that need filling on this chart. (link below)

https://www.marketscreener.com/quote/stock/S4-CAPITAL-PLC-54379378/graphics/

Large O/B trades reported after the close.

The Drum interview with Sir Martin Sorrell.

Sorrell said regarding S4 Capital...."Its a good business, its a good agent. You've got very strong tech capabilities, very deep capabilities, tech capabilities that go well beyond anything that I've seen elsewhere, including companies like Accenture, so very strong. We are in a very good position"

Bodes well for the future of S4 Capital.

This DCF valuation model was created by Alpha Spread and was last updated on Feb 6, 2025.

Estimated DCF Value of one SFOR stock is 110.72 GBX. Compared to the current market price of 37.4 GBX, the stock is Undervalued by 66%.

The intrinsic value of one SFOR stock under the Base Case scenario is 132.97 GBX. Compared to the current market price of 37.4 GBX, S4 Capital PLC is Undervalued by 72%.

The Relative Value of one SFOR stock under the Base Case scenario is 155.21 GBX. Compared to the current market price of 37 GBX, S4 Capital PLC is Undervalued by 76%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

Simply Wall Street....What is the Fair Price of SFOR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model. Fair value 192p.

Nice find 1msn. Bodes well.

Another SMS youtube video.....

Sir Martin Sorrel on Indian advertising industry I Streamnext 2025 press conference

https://www.youtube.com/watch?v=2nQQHBG5wOA&t=1s

JBCo..."Just added above 36 lot of talk on here but anyone else bought some?"

the only thing IMO that is holding the share price back and myself from adding is...... "the Company expects a non-cash impairment charge to be included in exceptional items in the full year results for 2024."

How much is already priced in to the already bombed out share price?.... How large will the write down be? If we only knew the answers.

"Net debt will be significantly below current consensus of £185 million and below the lower end of the previously indicated range of £150-190 million, following a strong focus on working capital. The net debt to EBITDA ratio at the end of 2024 is expected to be approximately 1.6x versus current consensus of 2.2x and a targeted range of 1.5-2.0x."

So from my calculations Net Debt should come in at around £134.4m down from £180m in Q3. At the weekend I looked up the latest analysts forecasts for Net Debt, they came in at £207m. Expect some upgrades within the next couple of days. At last management have got S4 back on track.

"We retain our view that the shares will multiply from the current depressed level of just 0.5x revenues and 4x EBITDA as evidence of revenue recovery, margin improvement and further debt reduction comes through."

LSE2000..... "Next trading update will show no improvement..

As usual revenue down, debt piling up ,finance director leaving, Martin got no good news to disclose.

Another profit warning unfortunately which will push the share price to 26p and lower..

Good luck!"

Stick to the day job if you have one LSE2000, leave investing to the grown ups. Good luck.

Interesting extract taken from the Seeking Alpha article dated 29 October 2024.

Undervaluation, Solid Financials, Fat Dividend and Buybacks

ITV currently trades at a very low PE in comparison with the company's history. The PE ratio is now around 7. while in 2015, this number reached over 22. Referring back to the intro of this article, there is a difference between night and day in how the market values the EU broadcasters. Investors needed to pay three times as much for the shares in 2015. How can it be explained that broadcasters are so cheap now? Sure, broadcasting is no rapidly growing industry anymore, it's a "cash cow" industry. But still, serious amounts of cash come in every year, allowing payment of a 6.5% dividend with the intent to grow this going forward. In addition, looking at ITV specifically, it wants to buy back 235M GBP worth of stock, which is nearly 8% of the entire market cap at today's share prices. If both ITV Studios and M & E have a good year in 2025, which would mean that content distribution is back to normal and advertising revenue shows a small growth, the EPS will, according to my estimate, easily reach 12 - 15p in 2025, while it was 7.8p in 2023. If that happened, the PE ratio would at current share prices drop to 5.5, which is absolutely rock bottom, priced for a major recession. Based on that, the conclusion is that ITV is undervalued now, as are some other EU broadcasters.

Two final remarks remain regarding the financial position of ITV. First, debt is of no concern, with a total size of just over half a billion GBP and a nicely spread out range of maturities until after 2030. The second one is that ITV is actively working on cost reductions, improvements of EBITA (ITV reports on this, not EBITDA), and the bottom line. As said, ITV aims for a 5p dividend in 2024, like in 2023, with the intent to grow this going forward.

https://seekingalpha.com/article/4730596-time-to-go-long-undervalued-high-yielding-uk-broadcaster-itv

Https://www.msn.com/en-us/money/savingandinvesting/cvc-looking-for-partners-for-potential-itv-takeover-report/ar-AA1weWLT

Well said Solley. He is a vile. I don't need to remind long term board members that indeed he did wish Covid on another human being during the height of the pandemic. How low can one stoop? Disgusting, he's sick in the head and should be banned.

You obviously have no respect for your Father and Grandad, that is sad.

Contrarian....."Nige laugh all you want my execution is flawless with proper risk management. I hedged a position I got spiked out. Your investments just gets spiked down by McCall and you just watch. Imbecile. When was the last time you made any money out of ITV? Apart from the dividend you earn while you watch your capital erode. Numpty"

Spiked one, you sound like a spoiled school kid who's just lost his pocket money with your name calling.

1. Without going in to details I have a lot of other income. I will never need the cash that I/we have invested in shares, its just a hobby.

2. Nothing is flawless with regards investing in the stock market. Maybe leave it to the grown ups?

3. I'm currently sat on a nice profit in ITV collecting a 7% dividend.

I'm a value investor, ITV is undervalued, I'm willing to wait for the market to wake up to my way of thinking, or maybe someone will make a bid. But in the meantime I get paid handsomely to wait. So pipe down, grow up and get a job.

PMSL