Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
This morning SFOR have launched their first share buyback. In recent days despite a reasonable trading update, their shares have hit all time lows, so this is an interesting development both for SFOR investors, and to see how sentiment can be changed. The shares are up this morning and I am now hoping to see Directors buying in.
I know that many on here are also SFOR investors, and frankly I think THG should also consider a share buy back. We all think the shares are at a laughable level, presumably management at THG HQ agree. Why then do they not launch a buy back of the shares? Like SFOR, THG shares are also very oversold, and undervalue the company: at some stage the Company needs to officially recognise this and do a buy back aided by Director buys to stabilise the share price at a more stable, higher level.
It is just not reasonable that the shares are currently 67p - will management please pull their fingers out and do something constructive for a change?
Report in today's FT that as things are so cheap in the UK, Blackrock is looking to do loads more private finance type deals and takeovers.
If this share price does not move back to a more acceptable level, then they will get taken over.
In the meantime, let's have some directors making purchases.
I have bought in again today - it all helps, and averages me down nicely.
Lucky that we have such skilled, forward thinking analysts around.
Is someone like WPP to buy a stake, or for Directors to actually buy in and it should change sentiment out there. I think the Company seems to have very few friends, and SMS clearly does not believe in wooing the City.
Yet the price is so low now that predators must be interested, golden share or no golden share.........
Now we're no longer in a closed period, this is the logical next step, further signifying the shares are at their bottom.
Scmdcyp, absolutely agree.
Wake up marketmakers! This is a bargain and you have oversold this share.
I'll be buying more accordingly as this is the bottom.
I think the shares should now bounce upwards - clearly today's results were signalled in fact a while ago, so representing the bottom from which the market should now revise their forecasts. Today's figures confirm that net debt is at the lower end, the company is improving operational EBITDA, and in fact the decline in like for like net revenue is less than expected [5%] at 4%.
I expect the shares to rally accordingly.
In line with revised November expectations
S(4) Capital plc (SFOR.L), the tech-led, new age/new era digital advertising, marketing and technology services company, today confirms that trading in the fourth quarter of 2023 was in line with expectations as outlined on 23 November 2023. As a result, the Company anticipates a like-for-like net revenue decline of around 4% and an Operational EBITDA margin in the range of 10-11% for the full year 2023. 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 GBP180-220 million, with circa GBP10 million of merger payments delayed to 2024. The annual results for 2023 will be announced on 27 March 2024 .
Sir Martin Sorrell, S(4) Capital Executive Chairman, said:
"After four years of very strong growth, 2023 was a difficult year impacted by volatile macro conditions and, consequently, cautious spending from clients, particularly those in the technology sector and from smaller project-based assignments. Our client relationships remain strong and we have also managed costs tightly."
"While it is early in the year, we are not expecting 2024 to show macro-economic improvement, and client caution on marketing spend will likely persist, although not at last year's level given interest rates are likely to fall over time. Initial indications are for an improvement in performance in the Content practice, reflecting cost reductions, broadly similar performance in Data&Digital Media to last year and a more challenging outlook for Technology Services. In these unpredictable times, we are focused on positioning the Company for medium term growth, improving profitability and returning funds to shareowners."
Once we get a few bids coming in from bidders in various fields, it will galvanise share repricing across the board. Given how low prices now are for so many shares in London, this can’t be far off.
Once we get a few bids coming in from bidders in various fields, it will galvanise share repricing across the board. Given how low prices now are for so many shares in London, this can’t be far off.
Once we get a few bids coming in from bidders in various fields, it will galvanise share repricing across the board. Given how low prices now are for so many shares in London, this can’t be far off.
Once we get a few bids coming in from bidders in various fields, it will galvanise share repricing across the board. Given how low prices now are for so many shares in London, this can’t be far off.
Just look at THG, ASOS, Darktrace, etc tonight - they have all slumped today. It’s just a general market dump today.
Obviously with SFOR we also have the all important update on Monday morning and given the nerves out there, who wants to hold the shares beforehand?
I’m hoping for a general rally on Monday and results at SFOR that don’t read too badly and allow the shares to rally again. It’s about time we had some good news…….
Those were great results, and they seemed to have genuinely surprised many pundits and analysts. Yet the price is going southwards and no-one appears to be building any sort of stake.
The golden share is gone, there really is nothing to stop a predator building a stake. Instead, what is going on? Nothing. How on earth is this possible?
Even the Directors are not buying in despite the laughable share price. We are no longer in a closed period yet they still do not buy. Why?
I agree the current share price massively undervalues the overall group but if no predator / bidder emerges, then it would seem this could go on indefinitely. On the other hand, one reads about various well financed funds looking to buy up cheaply valued UK companies. How cheap does THG have to be before someone throws their hat in the ring?
Looking at the mauling the share price has been hit by over the last few weeks, I am hoping expectations have been set very low for Monday's update. If not, well, then I am surprised. On what sort of metric is the current market cap any sort of reasonable valuation for this company? Frankly, the current share price almost infers the company is in danger of going bust. This is ridiculous, yet that is the position that shareholders are all in, meanwhile no Directors have made any purchases despite the laughable share price.
Given that the company was logically in a closed period for the last month so one supposes that Directors could not buy, if they still do not buy after Monday, then I think we all have to question why.
Good luck to everyone for Monday - i just hope it answers a few questions and forms the basis for a turnaround in this dreadful share price.
Like everyone else I hope he makes a formal offer soon, he's certainly building his stake up at a very controlled buy in price.
However, those of us who remember when Debenhams was on the market will remember how MA lost his bottle to make an offer which led to the demise of Debenhams. The shame is that the combined Debenhams / Allders would have been a strong presence on the high street and Debenhams was better regarded than Allders. Yet he let Debenhams go, and now he's closing various Allders branches because it is so weak.
Decision making at Frasers HQ is clearly an opaque matter.
Someone has picked up another 1.3% of the shares. Who is it? last time a similar amount was bought late last week, but it was not RG.
Who is this other buyer?
Somewhat important that SMS now lets go of the golden share at the next update. Once that happens this should double at least.......
Let's hope for something good for once. It would be about time, and something needs to now happen to reverse the currently awful share price. This must surely be a bid target at this lowly level.