Member Info for redwineday

Another EVP! Lets hope the have a one in one out policy.

Thats some chunky buying being reported after the close.

100%

They are behaving like Omnicom except their market cap is 115m. Delusions of grandeur in the boardroom.

Get rid of half the board and half of the exec team and no-one would notice any difference. This is really the thing that surprises me about Sorrell. You'd think after all his years not to mention him being a finance guy that he would be brutally taking out cost to improve his margins, yet quarter in quarter out we get the same guff about confidence n the business model and 20% margins. Cant he see he is shredding his legacy. Apparently not is the answer.

IJWT, Best comment of the day award!

Quite a day. I'll soon be green!

4.5 bn market cap with some good offshore assets in the Gulf of Mexico. Rapid growth through accquistion of proven discoveries. This deal doesnt look too bad to me given where we are today, not where we would want to be.

What seems clear to me is we can now see how ECO will exit. As any assets become " proven" Navita's will either buy them out deal by deal or buy the whole company. They can have mine for £1 each.

Clearly no major wants to touch Orinduick, quelle surprise. In that context it means it's worthless without a partner (I don't know anything about this company, so can't comment) of any description. I assume they would not have made this announcement if they weren't sure they would get an extension.

Block 1 is still pie in the sky for the moment so it's similar to the above.

In this context this is better than nothing as it's better than the alternative. That said Gil really has lost any credibility regarding his statements in the past around farm in's.

The storyboard article is really astonishing. When is he going to let the chip fall from his shoulder and concentrate on explaining why his agency has the right business model and chops?

I for one am fed up with him talking version else down when he himself is running a business that can't grow organically or forecast.

Most of us probably bought in because of him but what is becoming more and more apparent that he doesn't have answers to the merde his business is in.

Using a mid tier firm would be the equivalent of travelling economy for our CEO. Can't have the Davos crowd thinking the poor sod can't afford a £1m a year partner to audit his books, which by the way on past form is in itself not straightforward!

“We have no legal restriction on oil and gas exploration and exploitation in South Africa."

What utter nonsense.

Tell that to Shell and Total. Jeez....

Something really does need to change here. Sitting waiting for the sun to come out with another 3 years of the demented orange in power doesn't wash. He needs to get his cost base down. He can ditch unprofitable markets, clients and loose a 1000 people without any problem and add 50m to the bottom line. It would be delinquent not to do major surgery after living with this for coming on 3 years.

yes, just got a little more dark before the dawn.

forecasting at this company is truly ****

The actions in the second post are exactly what they need to do. Our Captain of Industry thinks he is still chairing a conglomerate. He needs to cut this business back to size appropriate for its outlook.

Run S4

I would argue it already is a value trap. Anyone who invested on the way down is unlikely to see their money back anytime soon.

We can talk about macro and no doubt if the US avoids a recession it will be a positive however what would be far better to see would be them telling us they have new large client wins. Taking in new business doesn't need tariff man to come to his senses (oxymoron). You can take business from competitors irrespective of the macro condition. New client wins are the key to them demonstrating they are selling what someone wants to buy. Another 3 or 4 GM type wins would see us quickly move up.

S4 needs desperately to get back into the business of growing. What has disappointed me is that lack of discussion on growth in the earnings calls for the past quarters. Either a lack of confidence or a lack of ambition.

Anyone here have access to their latest musings?

Ah good old boy Malcy. If ever there were a contra indicator its Malcy.

I’m sure they are shaking in their boots.

SP close to all time low. Market is fed up listening to the jam tomorrow speech.

He may be frustrated by the situation in SA but at the end the SP here is directly a reflection of him and Eco's inability to monetise prospects or even discoveries. CEO's are paid to play the hand they are dealt. Seems to me his frustration is misplaced.

Exactly this. For all his network of Davos contacts, elder statesman conference interviews and blogger you tube appearances where is the organic growth? Where are the FMCG and big name client whopper wins? Where are the tech services wins? If the products they are pushing are so great why don't we see it in revenue growth.

He is this company, started by him to show the world he still had it. Looks doubtful to say the least doesn't it

Whilst we wait for Godot, otherwise known as ECO news, its worth remembering our JHI stake.

FID on Sea Lion is due to drop before Christmas which one would have thought should create some interest for JHI on the adjacent block PL001. IIRC our stake in JHI is 7% and the 2 prospects on this block are estimated at 400mmbbls each.