Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"Ten 'whoppers' are now in sight....."
Does this mean no new whoppers have actually been signed up since the Q2 results?
"Ami" is the masculine form and "amie" is the feminine equivalent. The latter also takes "mon" since "ma amie" would be too awkward. Fin de leçon.
"Ami" is the masculine form and "amie" is the feminine equivalent. The latter also takes "mon" since "ma amie" would be too awkward. Fin de leçon.
Good morning, Buster 123,
I trust this finds you enjoying a relaxing Saturday breakfast,perhaps as the precursor to an enjoyable family day. With reference to what you write in relation to Meta, may I refer you to SMS's recent interview? He is quite assertive in pointing out that whilst Meta is making questionable progress, others are doing well. He had the relevant figures at his fingertips and there were several moments when he grinned like a cat which had hogged all the cream. He seemed untroubled by any doubts and pointedly defenestrated the more apolcalyptic suggestions put by his interviewer. It was a self-confident, not to say ebullient performance and I will be very surprised indeed if we do not have plenty to gloat about on Monday morning. As someone else wrote recently he is a master of his trade. So there you go, mon ami, pour yourself a big Buck's Fizz and enjoy your week-end, free of all concerns re S4.
I seem to recollect that SMS in his recent interview declared "META is the issue." Who would have thought his remark would prove do prescient so soon? Once again, he has proved himself ahead of the curve.
I very much agree, NigeCo; "steady as she goes" and all that. In a way I don't really care if the SP doesn't breach 200 yet since I intend to continue to accumulate. So tempting to put all one's eggs in this basket but I shan't. GLA.
Not much sign yet of massive buying in anticipation of Monday's results in spite of SMS's uplifting interview. Not that I am concerned. I am an LTH and will keep squirrelling away shares in S4 as and when I can.
Meant to say that they will pursue profit elsewhere if it should seem a better bet.
Mmm. Not too sure re that, mon ami. While I expect excellent results next week in view of SMS's demeanour at interview, I am not too sure that the institutions are going to jump on board with unbounded enthusiasm. Yes, they may dip a toe in the water, but it seems to me that SMS was so far ahead of the game in his recent interview that it may take time for the institutions to arrive at a full understanding of, and agreement with, his optimism. These people, ultimately, are not in the same business as SMS and they will seek immediate elsewhere if it be discoverable. I think the SP will perk up a little bit next week, but my expectations are muted
I think he enjoyed tantalising the interviewer. So it seemed to me. He was in a playful, mischievous mood, I thought.
Two points from the interview: (1) SMS looked decidedly bullish re 14th Nov results; (2) He was also quite animated when identifying areas where growth could be predicted. Why would he sell out in the foreseeable when there is still so much unrealised potential?
Very grateful to you all, gentlemen, for your posts, which, if I may say so, seem commendably perceptive to me. I too have difficulty following GMG's actions. I think it highly unlikely that they have heard an adverse whisper regarding S4's approaching results. My own impression is that S4 is now a well-ballasted ship, proceeding in the right direction, thanks to that Great Helmsman SMS. But no doubt over the next few years, treacherous shoals will have to be negotiated and I for one trust that SMS will maintain a firm grasp on the tiller. I am not a trader but an LTH. I intend to keep adding as and when my means allow. And yes, of course, I have other eggs in my basket, but I do honestly believe that the market has not accorded this share the credit it deserves. Yes, recessions can be shocking, nasty and prolonged but equally, they alwsys cure themselves over time. Supposing I have to hold this share for ten years for it to come good, I'll spread my bets, of course, but as for S4, I will be adding, not selling. I'm off to sell other investments to buy more soon.
I would have that Sorrell and Son-of-Sorrell were shrewd enough to ensure that the latter played no part in the decision-making process. Chinese walls and all that. Insider trading is dealt with severely these days.
Well, I think the old adage " Never say never" is applicable here just as in many areas of life. If, say, SMS were to be diagnosed with terminal cancer, I suppose he might retreat from S4, his "train set" BUT when assessing the prospect of his selling out, we have to measure it in terms of likelihood. So let us exclude terminal illness as a very remote possibility in the foreseeable future. It seems to me that the overarching consideration here is to be found in SMS's motivation for embarking on the good ship S4 in the first place. He did not need the money. So why? Excited by the new world of digital? Perhaps. Can't sit still? Again perhaps. There are other possibilities too but I think what motivates him is the "Get rid of me, would they? After m I did for them? I'll show these bar stewards at WPP what a dreadful mistake they made." That, I think, is it. Would he sell out at 425? I doubt it. Nothing he would love more for his 90th birthday than to be celebrating S4's share price reaching $75 or more. This man is the new Alexander the Great. Scott Spirit is his Bucephalus and together, I predict, they will ride to victory over WPP and many others.
Seriously, I do not understand why you think a bid is a serious prospect. This is SMS's baby. He will never sell out. S4 is the vehicle by which he intends to show WPP how wrong they were to dispense with him.
It seems clear that recession fears are having an adverse effect on the industry generally. WPP and M & C Saatchi also down considerably.
If No. 10 was exempt, why did the police issue FPN's? Why didn't Boris and Rishi get them overturned in court? Boris is finished and a good thing too. He was a cynical, self-satisfied hedonist, and our nation deserved better than someone who allowed water companies to flood our rivers and coastlines with raw sewage.
I agree, NigeCo. This sorry episode remjnds me of the day in 1992 when Norman Lamont announced a huge increase in interest rates. Although that anniuncement was soon reversed, John Major's government had lost all credibility and its reputation for competence in managing the economy. I feel that exactly the same drama is being repeated here. Once the markets have decided that you are a busted flush, there is no way back. I would doubt that even Sunak coukd rescue the Conservatives now. He would be so busy fending off vengeful attacks from BoJo that he would appear unable to lead. All parties and governments run out of steam at some point, and if the opposition appears credible and reliable, the voters will give it a chance.
Surely some of the recent support for the SP is attributable to the fall of the £ Stg against the USD? S4 earns a huge amount of its income across the Pond, and therefore its earnings can but do good for the British investor. Here we are in late 2022, with the Labour lead now around 17%, and a general election due within two years; I do not believe that the present Chancellor's approach will endure. Already there is real concern among Tory MP's. Remember a huge proportion of them have majorities of under 5,000. Aspirant home-owners are finding it difficult to procure mortgages. The political situation will deteriorate even further. So I think Kwarteng will be replaced and current policies reversed within a year or so. And I also think there is a chance that Sunak (who can say with some legitimacy "I told you so".) will replace Truss. If and when that happens and the £ strengthens again, then we might be forgiven for expecting renewed downward pressure on S4 's SP. But, as the song states, " It ain't necessarily so". By that time, I would expect, S4 will have more "whoppers" on board, and its overall balance sheet will have stabilised. In addition, the Fed will be squeezing inflation out of the US economy and Biden will be doing what he can to help, since he has an election to face in November 2024. Taking all these considerations and possibilities into account, I think there is every reason to conclude that the current SP is cheap indeed. I shall keep buying, because my timeframe is several years ahead, when, I expect, the present storms will have passed.
Surely some of the recent support for the SP is attributable to the fall of the £ Stg against the USD? S4 earns a huge amount of its income across the Pond, and therefore its earnings can but do good for the British investor. Here we are in late 2022, with the Labour lead now around 17%, and a generalvelection due within two years