Member Info for NigeCo

1msn, did you purchase 200K in one trade or over a few trades mate? If so nothing showing up ADVFN trades.

Silvertortoise...."He looks a very stressed and worried man,ive not seen him so twitchy ! He doesnt look well."

I would have to disagree, I was just thinking how relaxed he looks, not just in this one youtube interview. He's relaxed because the share price makes little difference to him, he's in control of the company (with him holding a golden share) and knows its valuation. Like he has said previously, good company's come through the other side. Time will tell.

Https://www.youtube.com/watch?v=Mtwbnl-XRiE

Sorrell obviously holds the power with his golden share, but I feel that he wouldn't be influenced by a weak share price. The share price could be 300p and he would still demand what he thinks the business is worth, and quite rightly so. That's not to say that S4 won't be on someones buy list, but I don't see anyone picking S4 up on the cheap, Sorrell isn't stupid, far from it. IMHO.

Jpl26...... "Taking NigeCo figure for M&A (£92m) and given that the closing net debt for 2022 was £157.5m"

Net Debt was £110.2M for year 2022

Q1 2023 Net Debt £135.7M

H1 2023 Net debt £109M

Q3 2023 Net Debt £185M

Full Year........ "Net debt is expected to be towards the lower end of the guided range of £180-220 million"

"does anyone know what the total payments to previously bought companies within the group was in 2023 to compare to the £10m remaining this year?"

Lemming99, I have the figures to hand.....

M&A cash charges in 2022 £162.6M

Expected M&A cash charges 2023 £102M Obviously £10M will now be carried over to 2024. So £92M for 2023.

The latest analysts earnings forecasts are for a loss of £26.950M in 2023, Down from a loss of £159.634M in 2022. S4 expected to move in to profit in 2024. Time will tell.

Morning Jo,

yes I'm still holding mate. I cannot quite believe the valuation here. A £1Bln company with a M/Cap of £211M.

Redwine & Pokerchips, I agree, I think that lessons have been learned, the hard way.

Volume after 20 mins 1.1M

Daily average volume 1.8M

"The Company improved Operational EBITDA margin performance in the second half of the year as a result of significant cost reductions. Net debt is expected to be towards the lower end of the guided range of £180-220 million, with circa £10 million of merger payments delayed to 2024. The annual results for 2023 will be announced on 27 March 2024."

Net Debt was previously guided towards the top end of "£180-£220"

"The company is improving operational EBITDA, and in fact the decline in like for like net revenue is less than expected [5%] at 4%." Another beat.

SMS on radio 4 now

Hi Verney, The latest analysts forecasts are for EBITDA £103M, Net Debt £241M. I'm going with their prediction for EBITDA, but think that Net Debt will be closer to what S4 management predicted at Q3 results. "We expect to end the year around the top of our previously guided range of £180-220 million" Based on what analysts predictions £241M and further head count lowering from 8,187 at Q3, down to around (speculation of 7,700,) I'm going for no more than £220M Net Debt. Just my guess.

Do you have any predictions on Q4 results?

Pearls..... "meanwhile no Directors have made any purchases despite the laughable share price."

I may be wrong but won't S4 Capital be in a closed period until after FY results are released in March? So no directors will be allowed to purchase any shares after the release of Q4 results.

Regarding Q4 results. I'm only expecting a brief update regarding EBITDA & Net Debt expectations, going by last years 2022 update.

My stab in the dark predictions............

EBITDA at least £103M

Net Debt no more than £220M

LoveLosses, thanks mate, not sure what went wrong.

Just a reminder of what Baron Investments said on 3/1/2024... Buying ahead of results.

“S4 Capital should be able to return c. £35m to shareholders in FY24E, or 10% of market capitalisation. This would be a positive, unless our forecasts are still too high”

I am really really cautious but there’s good upside if management can get their act together and return to growth. Just be prepared for another big gap down if they spectacularly disappoint again

Averaged down into #SFOR at 54p. Just over 1/3 of sale value that was taken above 100p. I won’t be going any higher on current knowns.

If current consensus of a c.20% fcfy was proven correct then this sp flourishes but we wait to see if the major downgrade cycle is complete. The optimum trade (if any) would be to wait until news-flow but I haven’t done so.

Execution has been dismal over the last couple of years.

#S4Capital

Https://www.proactiveinvestors.co.uk/companies/news/1038838/kefi-gold-tweaks-saudi-jv-terms-ahead-of-rush-of-news-1038838.html

The largest reported trade on the London Stock Exchange currently was at 08:30am for 25,000 shares Off Book trade.

Redwineday, wise words.

"Just seen 4 x 100,000 sells gone through at 41.16"

1msn, where have you seen these sells? Only 232,000 volume traded so far.