Member Info for NigeCo

"Er, how do we know that Vanguard bought 8M shares, there was no RNS??"

https://fintel.io/so/gb/sfor

SMS has already said that there will be consolidation when interest rates fall. This is probably holding P/E back. A rising share price may well flush out bids. Stagwell & P/E have already made offers that were quite rightly turned down, as not credible. SMS is one smart guy, we are in good hands. IMHO.

Kulartanam, thanks for posting the link, interesting read.

Yes another share buyback I would be in favour of, aswell as a reduction in debt.

I noticed the reported large buy trade 140,324 @64.90p.

Volume 1.23m @09:14am

I think that SMS would like to pay a dividend for one reason, some funds only invest in dividend paying companies, so by paying a divi, it would open up more investors for S4. I would rather S4 pay down debt, this should be their number one priority. IMO.

"How are they going to buy back 20 million shares"

The true amount short may well exceed 20 million. How many shorts are currently below the disclosure 0.50% threshold?

UT 64.15p Nice move today closing up 5.45p 9.28%

64.27p

64.14p paid

I hope so, I want to see us hold 63p today.

63.10p paid

Smart money moving in ahead of H1 results on 19 Sept.

A move between 70p - 80p before announcing results would be good. On reporting results a good forward looking statement could take us back to 100p IMO.

According to Morning Star dated 31 July Third Avenue S4 Capital shareholding 68,431,559 11.20%.

https://www.morningstar.com/stocks/xlon/sfor/ownership

City,

I think that the best thing that S4 can do is pay down its debt.

Here we go, 100k buy trade followed by a move up in share price

62.45 GBX +3.75 (6.39%)

100k buy trade, followed by 10k X4

Largest S4 trades today.....

Buys

89,500

275,000

225,000

Sells

300,000

100,000

100,000

100,000

Meanwhile, Sorrell suggests S4 will reclaim it’s rightful value within “a couple of years”. Right now, he says, “We’re not charging enough for what we do”.

Take a look at what the latest analysts earnings forecasts are for S4 Capital in a couple of years from now, 2026. Considering Sir Martins comments above. You will see that S4 will have repaired their ballance sheet somewhat from Q1 2024, that compares with 2022 when the share price hit a high of 249p. The main deference is moving from a big £159m loss to a small gain £10.8m. Of course analysts forecasts can change in either direction. But as it stands today, if analysts forecasts are correct then I would be happy if the share price resembled a valuation similar to results of 2022, with a share price in the region of 250p by Q1 2027.

2022 actual results................ 2026 Analysts Forecasts

Revenue.....£1.069bln........... Revenue...££1.032bln

EBITDA.......£124.2m............. EBITDA....£128.0m

Earnings....-£159.634m........ Earnings..£10.827m

FCF..............£60.371m.......... FCF.......£58.954m

Net Debt.....£110.2m............ Net Debt..£90.1m

"Your target price was 6p wasn't it ?"

Priced @6p gives a M/Cap of £6.6m.......... for a company that turns over £1bln. Comedy Gold.

ADVFN has that large trade down as a sell.