Good to see Rich topping up. He knows there is more to come, one way or another.
Looks like their EZJ short hasn't worked out too well either.
*Ad market will improve
I agree, eventually this’ll recover. As market will improve. , margins will recover and Internal mess ups will recede and most importantly buyout payments will cease in 2024 meaning positive FCF. For it to return to £4 plus though he need a new growth storyline.
And all of the buyouts/other insiders wouldn't be to happy either I imagine at less than the £4ish they sold out at.
Indeed however the only action I see at the moment is him appearing in various TV shows talking down the market for 2024. I suppose he is trying to reset what the market expects but he is talking down the SP while he is at it.
TBH I have no idea what they are trying to achieve now. Digital only, above market growth, blah blah all seems a long time ago. IMO he needs to come out and say...
No more internal F*** ups, its been sorted.
Revised strategy is X
Growth trajectory for the next 3 years looks like X,
Rev and margin targets for the next 3 years are X
I'm no peer of the realm but it cant be that hard, can it?
100k worth of trades and 11m off mkt cap. SFOR is really like an aim stock plaything. Nothing changing here until good news starts arriving. I'll probably get my money back in 2026!
It's measured in Gil years, like dog years but inverse.
*Feb 2000
I am scraping around looking for crumbs of comfort. I noticed that in Sep 1998 WPP traded at 2.40 and by Feb 2002, so 18 months later it was trading at £13. So can he do it again? Actually if you go back further it becomes a 9 bagger.
Hopefully he is HK signing up a whopper.
Heading back to 40p methinks, no momentum.
The ads for posting this Nige.
Question that strikes me is it looks like the major shareholders and even PI's through HL and ii are buying rather than selling. So can we conclude that the price is being held down by shorts?
Lol. Glad you still have a sense of humour mate. It'll get better.....eventually!
Yep, 52 week high and getting to touching distance of last asset valuation. So from this point you have to believe the asset values will start increasing and given the way the UK economy is heading I cant see that anytime soon. To me this now looks like a fair valuation.
If it's Jupiter I dont think they are obliged to issue the TR1. The were diluted to under 5 in the fund raise and must have sold more to get down to the 3.9 without a TR1, so presumably there is no requirement for them to issue another TR1 on a lower holding.
Question then would be if it is them, then Shield don't know they have sold, which I would also find difficult to believe.
i don't blame them though. i blame myself for thinking sms could professionally manage a large company but the continuously downgraded and missed forecasts suggests otherwise. i blame myself for not selling out after the first **** up.
i have no idea what his strategy is now. each results call brings more confusion.
what would be a good start, indeed the only thing we can hope is for him to deliver what he said he would. until then this is at the mercy of traders.
Shield have updated the website and the Jupiter holding is showing unchanged as is the other major holders.
So who the **** is the seller?
If the seller is Jupiter then they must be close to finished by now. They held 30m shares at the last reported date of Nov 10. We'll know soon enough as I would hope the SP will bounce on the seller exiting plus STX will at some point update their website.
Clearing the way for capital returns?