Member Info for Rock8

So far the tech giants have increased their ad income without the need to increase their marketing spend.

Especially against good tech earnings in the US

I hold a large long term position but am extremely concerned when we dropped into the 40s and haven’t bounced

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.

It’s not my book at the moment but it will be.

Currently long but already reduced slightly on 2nd.

Board needs to balanced.

The buyback helped salvage the 27th fall and we don’t have that this time.

….To pump it up in your scenario?

Usually there are institutional shorts to close but there aren’t here.

So who’s buying?

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.

I hadn’t called it right!

Sorry

Yes but it’s one of those occasions I wish I’d called it right.

Suspect we will continue to drop into Friday.

Friday? Possible new low?

Have they bought their buy back now?

Clearly they are expecting a drop on Friday

Emerged on Thursday.

At least we know what was going on with those large trades

But not huge volume

Just drifting

Thursday 2.6m traded

Friday 1.7m

Both above 1yr average but below 3yr average

Beginning to fear we will retest lows either before or on 11th.

No support and large seller.

Another failed bounce.

Back to 6p.

Yes I think I added too early.

A very bad day.

I really thought it would recover into the 50s ahead of next Friday but this afternoon brought the exact opposite

The majority of their business is in the US