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EBQ Ebiquity Plc

38.00
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ebiquity Plc LSE:EBQ London Ordinary Share GB0004126057 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 38.00 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
37.00 39.00 38.00 38.00 38.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Management Consulting Svcs 75.97M -7.5M -0.0549 -6.92 51.89M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 38.00 GBX

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Ebiquity (EBQ) Discussions and Chat

Ebiquity Forums and Chat

Date Time Title Posts
25/7/202412:01Ebiquity779
13/7/201510:30EBQ, can it go higher?362
05/3/200214:36When is the EBQ announcement of earnings?1
06/11/200116:53EBQ News Breaking ?29
17/10/200116:01Why so many EBQ sells ???4

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Posted at 27/7/2024 09:20 by Ebiquity Daily Update
Ebiquity Plc is listed in the Management Consulting Svcs sector of the London Stock Exchange with ticker EBQ. The last closing price for Ebiquity was 38p.
Ebiquity currently has 136,561,301 shares in issue. The market capitalisation of Ebiquity is £51,893,294.
Ebiquity has a price to earnings ratio (PE ratio) of -6.92.
This morning EBQ shares opened at 38p
Posted at 01/7/2024 07:38 by p1nkfish
Panmure & Liberum have merged. Should be an RNS from EBQ as Nominated Adviser and Broker is now Panmure Liberum Limited.

Others have already released and the EBQ delay might just indicate their attitude to the market and shareholders, not a priority. If so there is no good the company complaining about the share price.
Posted at 15/6/2024 11:04 by red ninja
I'd go with 2)

The funds seem split as well with Perpetual selling, but FIL and BGF buying.

Runben Schreurs (Ebquity Chief Strategy Officer) sold over 1% in 20/3/24 RNS so looks like he saw nothing at that time which would give an imminent share price break out.

However, a takeover bid or industry deal is always possible.
Posted at 15/6/2024 08:38 by p1nkfish
Rob Woodward awarded CBE, no doubt well deserved but if he can now just bring himself to buy a little bit of EBQ stock in the market that would be great.

All we can surmise currently is:

1) They can't buy because they know something that prevents them from doing so, or,

2) They don't think it worth buying and are just on the gravy train for salary & options.

Meanwhile there are something like 27 open recs for new heads including Singapore.

There is a contradiction here between the share price (valuation), opportunity size, ongoing global expansion +. One or more items will shift to eliminate that contradiction.
Posted at 09/6/2024 23:06 by p1nkfish
I keep trying to find what I'm missing. So much opportunity, very frustrating to think of this only being able to exploit it slowly.

Some catalyst needed to shake it out of this share price malaise and one that could address a few blockages would be a strategic stake taken in EBQ by a group that is independent too, has a larger team of capable people in the Digital development side and that has decent $ that could be used to address the debt.

I keep coming back to Deloitte making a strategic move in SE Asia. If they don't acquire, then closely partner with an equity stake.

The alternative is to take years to access a decent % of the TAM, debt which is off putting to investors even though the company can carry it and risk of a PE take-over at a valuation far below potential.

EBQ don't appear to have a large product development team - they need help there.
From the results presentation it reads they are slow in AI adoption. Others are motoring ahead.
It's not impossible to imagine them losing ground no matter how far ahead they are currently.

A Deloitte type taking a strategic stake (money used to address debt), aligned with the aim of increasing the value of EBQ and with a bigger development team would catapult this forward.

Simon Gordon is right when he said debt makes its stodgy (balance sheet) but its the whole thing as they have hands tied on digital development team expansion too, very limited size of any acquisition and now resorting to shrinking the London office footprint (to save £400K p.a.) when shop front matters in media land.

A catalyst needed. All we can hope is that upper management have the necessary imagination to find one and skill to exploit it.
Posted at 07/6/2024 11:53 by p1nkfish
EBQ should make it clear how they are using some of the newer tools. It helps to determine if they are up with the times or stuck in the mud. Thought provoking. Obviously EBQ needs are not as per WPP but these tools can also help EBQ efficiency drive.

Tim Cross - Video week.

"WPP has agreed a deal which will see AI business Anthropic integrate its ‘Claude’ AI model family into WPP’s marketing OS WPP Open, including its tools Opus, Sonnet and Haiku. WPP says Claude Opus, Sonnet and Haiku can understand and interpret complex briefs and produce high-quality content, as well as process a range of formats including photos, charts, graphs and technical diagrams. WPP staff will be able to use them for tasks from ideation and content generation to copywriting and design.

The partnership comes as part of WPP’s pledge to invest £200 million in AI, data, and technology annually. Claude 3 joins other models within WPP Open including OpenAI’S GPT-4 and DALL-E 3, Google’s Gemini family and Imagen 2, and Stability AI’s SDXL 1.0."
Posted at 05/6/2024 17:18 by p1nkfish
They are #1 in their niche but being nimble, hungry, focussed and unencumbered by high management costs would be a boost.

They can carry the debt but the optics are poor with the increased share count to boot especially if the acquisitions don't result in much better growth. Look at the alt-z and piotroski scores. It matters. Some of the larger shareholders need to have a word with them so they see the company the way the market and investors do and they have a measure of the health of the situation looking outside in.

They state "huge" opportunity and gave close to zero idea to the market how they will access it. Sorry, but that's flannel. Here's a carrot but let's not look at it for now. There is also a long-tail to address, some could be self-service. How? When? The why is easy - there's a dark pool of a lot of cash there. Does it ever get mentioned - no.

If Deloitte don't compete (or acquire) perhaps they can engage to help develop new tools to use on-line or light touch for the long tail. Deloitte has some really neat Gen-AI/ML capabilities - have an interest in one company using them in Canada as a partner. They have spoken highly of them. If not a partner/parent then get rid of them as auditor as they can compete and have started in the A-PAC area. They have a lot of digital muscle if they decide to use it.

Leaving revenue growth behind and just focussing on efficiency also leaves food for competitors and I'm sure they won't hesitate to take what they can. 6.8% top-line last year AFTER the acquisitions isn't good enough given the rate of change and size of opportunity. It needs to be 10%+. Even then it won't capture a decent % of the TAM for many, many years. Why mention the TAM if you can't capture it, mentioned as a salve to plebs/market?

Debt and dilution without good enough growth - not a recipe for a healthy share price.
Frustrating. Probably more of the same whilst others grow and begin to impinge.

Independence matters and they have that - it's important and has value. Only Deloitte appear to be as independent from what I can see.

Anyone else care to chip in?
Posted at 03/6/2024 09:46 by p1nkfish
Go back a full 6 months and the VWAP at close for the period is about 35.5p. Anyone offering 50% on that price should be taken seriously, so a take-out price of about 53p-55p.

Waiting for this to grow into its potential will be like watching paint dry unless something changes. Sadly, I think a shake-up is needed.

The only other group in this market with the independence of EBQ is Deloitte. Mediasense OK too. Most others fall short. A sale to anyone that is not as independent as EBQ will damage the business imho. Independence is valued when it comes to totally impartial advice.

The more I look into this all I can see as the best way to get out of stagnation is for Deloitte to acquire or collaborate else EBQ looks likely to decline slowly into the sunset. Apiary/Mediasense is the other alternative but Deloitte looks best overall.

6.8% p.a. top line won't access the "huge" opportunity any time soon, someone else will do that.

Dyor etc, I'm often wrong.
Posted at 30/5/2024 13:49 by p1nkfish
With increased competition in the USA putting EBQ on a war footing there (CEO's words), they may have other frontiers to have to fight on more aggressively vs a focused Mediasense. Will it impact margins or will one less competitor help?

It could become a very capable global media advisor. EMPHASIS BELOW IS MINE.


CEO - Graham Brown: "The acquisition brings us a talented team with complementary skills, capabilities and experience, and an IMPRESSIVE PORTFOLIO OF GLOBAL CLIENTS. Uniting these two leading businesses under the MediaSense brand will further cement our position as the world’s foremost media advisory business.”

So we have PwC exiting, Mediasense expanding, ID Comms recruiting. Meanwhile SYS1 has seen changes and improved share price. EBQ languishes and a 3 year transformation will now take 4 with what appears to be an EPS focus to achieve options for the management. Care needed to stay ahead of the pack. Might be a reason for the seller?

Pretty sure EBQ can rise to the occasion but no time to lose.
Posted at 15/3/2024 22:45 by p1nkfish
This relates to Centaur Media but search on "Ebiquity" and look at the valuation metric tables. If the EBQ share price doubled from the 37p at the time of the publication, to 74p, it would still be valued below the average on the whole. That is where it is heading as a staging post imho, dyor etc.

One of those cases where highlighting an undervalued opportunity flags up something even more undervalued for those caring to engage brain.
Posted at 20/2/2023 22:39 by p1nkfish
Possible outcome: If it appears to be happening the EBQ share price might respond.

The Trade Desk is supposedly considering buying Criteo. If I have understood this properly, it would benefit Ebiquity if they did. Checked, and courtesy of ChatGPT, and dependent on a few variables so NOT GUARANTEED........


"1) Access to a larger pool of data: The Trade Desk's acquisition of Criteo will combine two of the largest independent advertising technology companies, which will create a larger pool of data for analysis. This could HELP Ebiquity gain access to more comprehensive and diverse data sets, which could enhance their ability to provide more accurate and detailed marketing analytics to their clients.

2) Improved targeting capabilities: Criteo has expertise in retargeting and dynamic creative optimization, while The Trade Desk has a strong programmatic advertising platform. Combining these capabilities could result in improved targeting capabilities, which could HELP Ebiquity's clients reach their desired audiences more effectively.

3) More comprehensive ad tech solutions: The Trade Desk's acquisition of Criteo may result in a more comprehensive suite of ad tech solutions that Ebiquity could offer to their clients. This could HELP them provide a more holistic approach to their clients' advertising needs, and potentially increase the value of their services."

It's more likely a help than a hindrance to Ebiquity if The Trade Desk acquires Criteo.
Ebiquity share price data is direct from the London Stock Exchange

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