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....Doesn't fit in with the over arching business model which is online. Unnecessary additional costs. Shop rent, rates, utilities, shop staff, regional managers, back office staff, HR, Accounts team, facilities and maintenance teams, real estate team.
Sell it and move on.
With the 5.5% drop today
Still up 13% on 5 days
Still up 45% on the month
Still up 13% YTD
It's still going in the right direction. Got to be some worry over Israel being attacked this weekend and oil/inflation issues as a result of this.
Pokerchips
You are such a condescending, obnoxious , horrible person you are ruining this site. Why do you think you know it all a guru. Let people have their opinions and views and learn by discussion without ridicule.
LSE 2000
This site shows just 1 short. But Stockmendation shows 3 open shorts. Not sure which is accurate though. See below
GLG Partners LP
0.51%
04/01/2024
Systematica Investments Limited
0.5%
19/12/2023
Marshall Wace LLP
0.59%
15/11/2023
I think your right. I don't see it either. This subject comes up time and time again. And each time the golden share and insider holdings are dismissed. £4+ Would need to be put on the table to make it attractive. Personally I would like to wait, hold long term and get divis.
Pokèchips
We are talking about guidance/forecasts. I don't see any information in the reports or RNS that would allow me to challenge one of the worlds most successful execs on whether the guidance/forecast given are achievable or not and I don't recall anyone questioning or agreeing these either on this BB
It is for YOU as an investor to judge whether such guidance is likely to be achieved and NOT to think they are there to hold your hand.
Are you serious.......I'm a retail investor. I don't have access to all the data of a professional analyst or the time. I rely on and give my trust in the BoD to manage the business and get it right especially when it is led by someone who built from nothing a global world class business that has been in the top 6 for, God , must be more than a decade.
He wanted to replicate the model he used at WPP, rapid growth by acquisition. But I think the auditors found some holes in the accounts as result of the acquisitions. Perhaps it was migration of accounts data across various platforms Oracle, SAP, Sage onto single S4 system who knows.
In terms of forecast, if Fed find it impossible to forecast then why didn't SMS decline to forecast he doesn't have to forecast. He made forecasts and got them wrong and it looks like he doesn't know what he is doing.
Late accounts was a short term issue but the SP still dropped from £8 to £1.30 (when I bought in) it then moved up to £2.50 this time last Feb and has dropped almost daily since. The market didn't acknowledge the late results were a blip or the SP would have quickly recovered but they took the decision the business is not being managed well.
The forecasts were SMS own forecasts and he missed his own forecasts at least twice. He should understand the business he is in. He chose a digital only business and should know his business inside out. He has access to huge resources internally and externally and with an 18 year presence in marketing he has friends and old colleagues he can discuss the market and its forces.
I agree with you. He has no control over the economy and demamd in the market. Companies will obviously cut back on marketing if their is no money around, that's a given and gets reflected in the numbers and SP, we accept that. But had the accounts been released on time and the forecasts though disappointingly grim but accurate we would not have dropped from £8 to 0.33p.
Apparently Bim Afolami I s going to sort the UK market ot
'City Minister BIM AFOLAMI says: 'Let's make the stock market great again!'
Plan to fire up economic engine is selling part of government stake in NatWestStock market can be focus for ordinary Britons as place to invest their cash But Afolami warns deep-rooted changes are required to boost City'
I think SMS would only welcome a WPP takeover if he is walking through the entrance of the WPP offices while Mark Read is walking out. And I wouldn't be too shocked at that happening. Mark Read bought AI company Satalia in 2021 as the AI engine in his strategy. Not sure what progress he has made, but this not has upped the WPP share price and the recent capital market day where he announced an AI investment of £250m per year clearly fell flat with the SP declining on that day and thereafter. Coupled with this he is openly vocal about him having to sort out the 18 years of mess SMS created at WPP, basically blaming.SMS for his own poor performance. Very unprofessional. If the WPP board and SMS could let water flow under the bridge maybe we could see a WPP takeover.