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A falling knife at the moment.
I added a few 50-51 then sold them at 48-49 after support taken out.
Next vague support looks like 36 but this is a difficult share to judge??
Everything depends on Friday but I am not hopeful anymore.
Not much on 2024
.. In 2024, S4 Capital said it expects Content to show a profitability improvement and Data&Digital Media to show a similar top and bottom line performance to the prior year with some margin improvement.
The outlook for Technology Services is more ‘challenging and expected to be lower, following a reduction in activity with some key clients.’
Over the medium to longer term S4 Capital continues to expect growth to outperform markets and operational Ebitda margins to return to historic levels of around 20%.
Last week, shares in S4 Capital rose following a report in The Wall Street Journal that it had rejected a bid valuing the company at around $700 million last year from Stagwell, another agency.
No need to be rude but yes the buy back was announced much early so not the reason it bounced.
Thanks for correction and I welcome the knowledge.
I do buy and try to hold but these stocks can drop 20+% on results day and been caught too many times in past couple of years so these days I always ‘kick the tires’ prior to results.
Frankly it’s enormously stupid not to but that doesn’t make me a trader just a sensibly cautious Investor.
S4Captital outlook 27th Mar reliant on Q4
…. For the Company as a whole, given the current outlook for Technology Services and wider market uncertainty, we are targeting like-for-like net revenue to be down on the prior year with a broadly similar overall level of operational EBITDA as 2023, as a result of cost reductions made in the previous year. The comparatives with 2023 will be difficult in the first-half and will be easier in the second-half. We expect the year to be heavily second-half weighted, with improving end markets and our normal seasonality.
Thanks Nige
Looking at WPP I can’t see any tech companies guidance for H2 (?) so I assume it’s not significant or unknown although it’s a large proportion of WPPs business,
That’s concerning.
US election should help market but maybe not all of tech?
Too much unknown so will likely reduce further before Friday especially as new short position likely opened?
I am hopeful by end of year just not for Friday.