Member Info for redwineday

WPP down 1.5% on a WPP profit warning. S4 down 6% on WPP profit warning. Jeez

Spot on. If they are in line with analyst consensus as they report then it infers revenue of only 26m in Q4. If my adding is correct they dd 46m in Q4 last year. Even if saes rev is down lettings should be compensating to a greater extent.

I think there is a great big under call here.

i agree completely their forecasting and accounting have been dire over the past 18 months. lots of schoolboy errors.

however if they are in line with last year they posted q3 on nov 14 and an announced the posting on oct 31. in this regard they are not late, yet.

i give them some break in the sense that given all the previous **** ups they are better to taker better take time be right than early and wrong.

Getting caned on the back of WPP's warning this morning.

Hopefully we just got there earlier and there is not more to come! Q3 last year was mid November so still couple of weeks to bite nails

Great piece.

There is no doubt FOXT is now undervalued. Got to be a bid target at these levels...

There were no Q3 numbers presented last year so I doubt they will. Plus they already know the RX result for the qtr so they could have done it already.

Lots of patience required or rather lots more patience required.

The debt number is dire...from my recollection it's around 100m worse than they anticipated last year. I could check by looking at their 2022, forward outlook but to be honest I cant be bothered. Best case here is they pull to some big stones that hand them a life raft for a year or so but given the degradation in the quality at Cullinan `I wouldn't be hopeful.

Https://www.theguardian.com/media/2023/oct/24/can-martin-sorrell-return-s4-capital-to-top-table-of-ad-world-advertising-recession

Also means he is not aware of upcoming market moving inside info, so no news for a while yet I think.

So you don't think 40m or 50% wiped off the market cap is botched? Righty ho...

This wasn't planned. He is gone on the same day as the announcement (maybe even before). They haven't got a replacement lined up so undoubtedly this decision to exit him was done on short notice. Now they say in the RNS nothing to see here in accounting so one has to conclude this is as a result of the botched fund raise or because a shareholder insisted somebody carried the can.

Either way seems to me like a buying opportunity. If I were them I'd get the Q3 numbers out soonest.

Somebody has poo'ed their pants on this news. Can't say I can see it materially changes anything vs yesterday unless again someone knows something

Or maybe (I would hope) Orphan said enough is enough given they are 40m down over the past 3 weeks.

I suppose he paid the price for the fund raise debacle.

Today we had 0.3% of the company's shares traded and 23m taken off the market cap. They say London has become casino and when you look at this it's difficult not to argue.

On the other hand at some time it will cut the other way. As SMS said, good businesses will out. He now needs to demonstrate he has a good business.

FT

The 7 analysts offering 12 month price targets for S4 Capital PLC have a median target of 135.00, with a high estimate of 250.00 and a low estimate of 95.00. The median estimate represents a 99.70% increase from the last price of 67.60.

Suggest you switch off mate.

There ain't nothing positive going to happen here until there is some corporate action. In the mean time it's become an algo trade. . Personally I have just resigned myself to leaving what I have in here until it recovers which I believe it will do eventually. No point selling at or close to the bottom.

I noticed they are reporting that payers are paying 250-260 per RX. Issue is it's only 50% and the rest are basically at zero revenue through PA schemes. I suppose to look at it positively we can take it there is no resistance to the price from the payers. Hence we can see why the need the additional resource to get the other 50% contributing.

40 odd% down in 24 hours, takes some doing particularly when your multiplying the sales. BOD should be ashamed. Alternatively this s done to keep AOP sweet and helping them average down. No idea whether its incompetence or deliberate.

Good post Shandy.

Got to try look through todays shise and at the mid term. It seemed to me that they were always coming back for more cash I just naively expected to to be a a higher SP. That said if they are announcing they will not hit their previous FY RX number then they had to do it now. If it helps them accelerate then its worth the pain today.

My other comment would be they need to have a think about who is advising them. Thats twice they have raised cash cack handedly and I would have thought their brokers could have done a better job than this over the last weeks SP rises

We can bleat all we want about market abuse but sorry to say this is Britain today where corruption is endemic, (for example PPE contracts for pub landlords and bra baronesses) and the chumps at the bottom of the pile, in this case pi's, carry the cost.