schwee
01 Mar 2018
Re: Results out Uncle DongTo paraphrase: garbage in = garbage out.
Uncle Doug
01 Mar 2018
Re: Results out Bought some more shares (doubled up actually) @£12. Results not that bad and 14% fall not justified IMO.
Uncle Doug
01 Mar 2018
Re: Results out Below is Sorrell's pseudo market-speak jargon with today's results announcement. I think he could speak a bit more in clear English. Sounds to me like jobs cuts are coming.Commenting on the 2017 results announcement Sir Martin Sorrell, CEO of WPP, said: “2017 for us was not a pretty year, with flat like-for-like, top-line growth, and operating margins and operating profits also flat, or up marginally. “The major factors influencing this performance were probably the long-term impact of technological disruption and more the short-term focus of zero-based budgeters, activist investors and private equity than, we believe, the suggested disintermediation of agencies by Google and Facebook or digital competition from consultants. "In this environment, the most successful agency groups will be those who offer simplicity and flexibility of structure to deliver efficient, effective solutions – and therefore growth – for their clients. With this in mind, we are now accelerating the implementation of our strategy for the Group. "No company in the world of marketing or business transformation has a greater or more varied repertory of talent and capabilities than WPP. Our strength, however, resides not only in the scale and variety of those skills, but in our unique ability to combine them in service of our clients’ growth – which is why most of the world’s leading companies choose WPP to provide them with communications services. "For many years we have placed ‘horizontality’ at the heart of our strategy by presenting clients with tailor-made and seamlessly integrated offers to meet their specific requirements. Over the last year, we have begun to apply that philosophy to the structure of the Group itself by simplifying a number of our operations. “As our industry continues to undergo fundamental change, we are upping the pace of WPP’s development from a group of individual companies to a cohesive global team dedicated to the core purpose of driving growth for clients. “As we build an increasingly unified WPP, we are focusing on a number of areas that will allow us to deploy our deep expertise with greater flexibility, efficiency and speed. These include: further simplification of our structure; stronger client co-ordination across the whole of WPP, including greater responsibility and authority for global client teams and country managers; the development of key cross-Group capabilities in digital marketing, digital production, eCommerce and shopper marketing; further sharing of functions, systems and platforms across the Group; and the development and implementation of senior executive incentives to align them even more closely to Group performance. “We start this new phase of our journey from a position of market leadership, and with total confidence in the enduring value of what we offer our clients. We will report at every opportunity on our progress.”
Johandesilva
01 Mar 2018
Re: Results out Any sort of "update" in these "value stocks" appear to send stocks down. I sold some of these to buy another stock and I thinking I put that money back in here before their results come out!
Rusty Jock
01 Mar 2018
Re: Results out Markets dont agree with SP now down 12.5% at 1220 p as I type .PE = 10 and Div Yld 4.9%Hmnn .... I hold ( not SELL )
Hardboy
01 Mar 2018
Re: Results out Good analysis GI, not sure how you waded through all the organics, like for likes, actuals, in sterling, dollars, euros, yen, & a report written in Sorrell speak so quickly. Well done. Agree on the analysis. Slightly disappointed by the reaction this morning, as they must have been more or less as expected. Yield is OK & well covered, so it could be a share one can sit back & forget until it turns one way or another. My view is the world economy is growing healthily. Businesses will always need to advertise. Advertising is changing and becoming more complex in terms of the options of how to advertise. No one knows the advertising world better than WPP, and they have always been good at adapting to meet the markets, so I'm optimistic. 2018 is world cup year - a good one for advertising usually. Sorrell tends to give cautious forward looking statements, so let's see what this year brings.
Greyinvestor
01 Mar 2018
Results out Results out today. In my view they are perfectly good in a very tough environment. Hold.Like for like billings (5.4%) - badActual sterling billings +6.1% - goodEPS 122p v 115p - goodNet debt about twice PBT - OKDividends 60p +6% - goodFinal divi 37.3p +.7% - not so goodOutlook flat. Can probably just about keep pace with inflation.Now a value stock and priced accordingly. I think that’s right.But the whole market will probably be down today.A Hold in my view. Travelling just now, so won’t post again today.
Johandesilva
19 Feb 2018
Re: Market Report on the up maybe?----Has anyone taken any off the recovery (or potential bounce)?I do hope this is the bottom for UK PLC. I sold half here looking to average down on AA where the new CEO (Uber, Expedia...) will announce the plan for the next few years under the pressure of brokers wanting a dividend cut to pay off debt faster despite being covered 2 times. Simon is a sound guy who wont make rash desitions to be seen to justify the salary... not a public guy like Martin Sorrell but he knows success. I believe it must be the best risk vs reward upside in UK PLC as nothing much as changed since IPO only sentiment and the market.
IOMINVESTCOM
16 Feb 2018
Goldman (ShareCast News) - WPP shares have rallied to a six-month high amid a recent improvement in the ad market, capped off by a bullish view given by analysts at Goldman Sachs and Numis on Friday."Recent advertising trends have been better than expected across the board," says Goldman in a note to clients, though its top pick in the sector was ITV, based on an attractive price multiple of 10x 2019 earnings despite improving advertising/audience share momentum and M&A potential.Goldman expects 2017 ad figure to emerge showing a "more positive note in most TV markets", based on analysts' conversations with industry participants, read-across from recent results and comments from large advertisers.A "slightly more positive" outlook is seen for 2018, weighted towards the first half of the year, helped by easy comparatives compared to last year's slow start, and sports events.The structural outlook still varies to a great degree by market, analysts say, with viewing and pricing trends "key".On TV ad trends, Goldman said these "have decoupled more meaningfully from macro indicators over the last year, exacerbating structural concerns over the outlook for TV".Previewing WPP's final results on 1 March, broker Numis forecast profit before tax of of £2.09bn and earnings per share of 118p, with the consensus forecast for £2.195m and 120p respectively.Other global marketing communications groups have already reported and Numis characterises the tone as "cautiously optimistic", with IPG particularly upbeat, and both IPG and Omnicom guiding to organic revenue growth of 2-3% for 2018."After a challenging 2017, we would not be surprised if WPP guided very cautiously at its finals and then raised guidance as it progressed through the year. The group gave a robust defence of its business model at the Q3 results, when it indicated that consultancies and Facebook/Google were not structurally challenging its business, but that 2017 was disappointing due to the major CPG clients reducing spend."
gamesinvestor
15 Feb 2018
Market Report [link] the up maybe?Games
IOMINVESTCOM
15 Feb 2018
Buying opportunity at WPP, says Liberum Buying opportunity at WPP, says LiberumAdvertising giant WPP (WPP) has been one of two top performing stocks in the market correction, proving concerns about agencies have been ‘overdone’, says Liberum.Analyst Ian Whittaker retained his ‘buy’ recommendation and target price of £18.15 on the shares, which rose 3.9% to £13.87 yesterday.‘WPP has been one of the two best performing FTSE 100 stocks in the recent corrections – the other Just Eat – driven by positive comments from (other advertising agencies) Publicis and Dentsu, suggesting that 2018 will be a better year than 2017,’ he said.Whittaker believes the positive comments ‘add weight to arguments that the structural concerns on the agencies have been overdone’.‘If this is correct, then the multiple of 11x for WPP looks too low and represents a buying opportunity,’ he said.[link]
gamesinvestor
13 Feb 2018
Drain the Swamp [link] to WPP's ears I should think !!Games
Bill1703
13 Feb 2018
Re: A slight Glitch... but not with the SP .... Eh, Games??Joined the register yesterday morning at just a tad under £13, so all well and good so far.Not that I am at all short-termist.... but still, it does show that share prices can indeed go up after I buy in, rather than just the reverse.All power to Sir Martin's elbow, long may he reign...
gamesinvestor
12 Feb 2018
A slight Glitch [link]
gamesinvestor
07 Feb 2018
added some more 1228pGames -- It's getting there!
