Member Info for Verney

NigeCo

I know they are stab in the dark. What made you come up with those particular numbers?

Than I do on Media Monks own website

https://lbbonline.com/news/forecasting-the-future-michael-litman-predicts-emerging-techs-evolution-in-2024

https://lbbonline.com/news/smartphone-brand-poco-unleashes-flagship-predator-in-x6-pro-launch-film

https://lbbonline.com/news/kfcs-colonel-sanders-spices-up-gaming-for-gen-z-in-korea

NigeCo

Thanks for bringing this to our attention.

This article and the timing of it may have done us a favour. In that it has set the scene and expectations of Mondays TU and possibly (I say possibly) diffused any kneejerk, shock sell off. If SMS can help stabilise things with a positive future outlook Monday may not be so bad.

Good luck all for Monday and have a great weekend.

A rally in the last half hour of trading may bode well for Monday..

Would banning shorters help. I don't know. l I'm not experienced enough, but some countries have banned it. I know Japan has a temporary ban.

Apolgies, looks like it crept back to positive at 16.41pm

It has........Incredible

I suppose there could also be an element of natural attrition and letting people go where jobs have been duplicated during the growth by acquisition phase. Hopefully the senior management are being more rigorous with hiring now and perhaps not folding into to the shouts of' we are so very busy' and, if not already, asking for a full business justification (tasks broken down by % of time allocated in a month) and ROI for the additional head.

Let's see which direction it takes up/down until then

Here we go Monday 22nd in the diary

Ad agency WPP PLC (LSE:WPP) has a capital markets day on 30 January followed by full-year results on 22 February and broker UBS is not expecting good news at either event.

Indeed, the broker has slapped a double downgrade to 'sell' on the ad agency and slashed its target price to 700p from 1,200p.

The Swiss bank estimates the market is pricing in a return to 2% organic growth (UBSe -1% in 2024, and 1% thereafter) and a recovery in underlying profit [EBIT] margins to c15% (UBSe 15.3%).

UBS reckons the market is being too optimistic, with it expecting sales to decline by 1% in 2024 and worried by WPP’s high exposure to the TMT sector.

On cash flow, WPP will also undershoot targets, UBS predicts, and combined with the revenue concerns makes it the least preferred of the agency holding companies

For clarity I meant with no broker updates they still stand as buys

Yes. Fingers crossed its finaĺy hit the bottom and some positive news to come soon, I would be a little more confident once all the shorters have gone though . One other thing to note is (I think, correct me if I have it wrong) brokers still have SFOR as a 'buy'.

Of course if something like a restructure or other material change would have to be on the back of an RNS. Thats the method of communication. He would have his bits chewed off otherwise. I'm not that wet behind the ears. And not every single thing does need an RNS they consider MonksFlow a gamechanger but that was released at a CES presentation.

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I see SMS has the enviable 1pm - 45pm lunch time slot. I bet others will be kicking themselves with envy as they tuck into foi grass, chatauebriand and guzzling Petrus 1982 at that time. Unless SMS made a huge mistake and he not been invited as speaker but lunchtime Cabaret singer. I guess he will soon find out when he steps on to stage to find Wesley sat at a piano staring at a music sheet titled 'Greatest Hits of Michael Buble'

I was hoping he would use Davos as an opportunity to make an SP changing announcement , doesn't look like that will happen. He's probably enjoying meeting up with his besties at the evening parties.

He's not going to give a date or indication via email. He will follow protocol.

' I don’t believe he was in a good place.' Is probably a good example of why he doesn't respond to random emails. There is no voice inflection in the normal written word unless it is intentionally emphasised.

Do they not normally issue an RNS announcing the date including times of presentations/ phone dial in. (AM - for UK & Europe and PM - for USA)

I think 17th was the date for last years, perhaps someone has made an assumption it will be the same date in 2024.

Totally agree. I just want the trading update to come as quick as it can, soak up however the markets reacts to it and stop crying in my beer each night.

Press the restart button and carry on !

Poker chips

I fully understand what you say that applies to every event. But when I see that I am down very close to £60k now. I think to myself (frustratingly) SMS has been in this industry since 1975 how much networking does he need to do directly. His business (and my money) is crumbling in front of our very eyes. Perhaps just this year he could give this one miss and send a representative. In my opinion let the banks and governments get on with the world economy this time and concentrate on events such Cannes Lions and CES. Unless of course everything is now under control.

I would love to know what he is expecting to achieve and come away with at Davos. I agree.he should be at his desk getting the.business back into shape. Turning up at conferences to talk about any nonsensical subject just because they have managed to shoehorn the initials AI into the subject heading is sad and desperate.