M&c Saatchi Share Discussion Threads

[w1lbur01] 18/8/2021 15:53

Starting to add to my position here. There was a trading update the end of august last year.

[sphere25] 28/7/2021 09:28

Having a look around the market to see what has been sold down whilst trading well or still looks value, SAA is one. The market looks dear, but a few about which could present some shorter term opportunities, on the basis the wider market doesn't have a bigger pullback:

SAA - Invesco still lobbing here and it keeps getting sold down on good news so a large volume clear out needed to sustain the rally. It looks like SAA could outperform expectations in the near term.

FNX - sold down a long way but could bounce back as long as the US holds strong (bullish spirits can cause bounces back higher once sellers are out particularly when a share is so far off highs). Another that looks like a large seller at work and clear out needed. Really want a firmer bottoming on the chart first.

BCPT - strong statement yesterday and the market could catch up to NAV like much of the sector has

CTO - nice and steady one that will probably trade in line rather than smash forecasts, but should be enough to keep the re-rating going from a point at which none was interested and volumes were non-existent.

SNWS - abit like CTO, cheap rating, performing well. Don't normally get fireworks but watch for a pick up in volume. There appears to be someone sat there at the top of the range lobbing into strength at the moment.

TLY - price has come off a decent chunk from recent highs. They had beat "internal management expectations" and were sounding like the set up was there for some strong performance to follow.

EPWN - have beat forecasts today though the outlook is marred by the supply chain issues so it is a very iffy one and could get sold back down. Interesting that RKT (granted there were other write downs) got sold down as did ULVR on similar comments recently. Have to keep a closer eye on these issues.

RCH - outperforming and the market continues to come in to buy from existing larger shareholders. Better to come in on the dips with this one, erratic moves at times.

MNZS - looks like it is cheap but when is travel actually going to pick up? The traffic light system is a complete and utter farce with u-turn's all over the place. How can you be confident of going on holiday when you can't be sure the traffic light system won't move against you or that your covid test will come back on time (capacity issues and numerous inconclusive results too) to allow a trip away. Furthermore, there are long waits at airports, risk of contracting covid abroad and having to isolate there (some terrible stories here recently), let alone ensuring your insurance gives you all the relevant cover (e.g. most won't cover traffic light changes or having to isolate but not actually having covid). Perhaps this is why Ennismore have been shorting OTB. Maybe the recovery will take longer, but the market isn't worried.

This is becoming too long a post. There are numerous more....

Two divisive one's are BWNG and AGFX - watch for some large volume that could cause oversold short term trading bounces.

LIT has come off the highs and is flat lining at 109p. Could be an interesting one to watch for a break.

Leave it there.

All imo
DYOR

[tole] 21/7/2021 06:39

https://www.fool.co.uk/investing/2021/07/17/top-small-cap-stocks-for-july/Christopher Ruane: M&C SaatchiThings have been looking up for the previously troubled advertising small-cap stock M&C Saatchi (LSE: SAA).The shares are up 156% already over the past year. For a company whose survival was in question at one point, that is impressive. But I see further possible gains ahead. The advertising market generally is buoyant. M&C Saatchi is poised to benefit from that. The company recently lifted its forecast for the year.The company's reputation remains tarnished, though, which could act as a dampener on growth.

[qs99] 19/7/2021 11:21

Given broker upgrades and increasing spend in this area, the drop looks odd, but there you go. Have bought this and Mission for next 6 months ride DYOR

[w1lbur01] 19/7/2021 10:00

Easy to move this share price about. The market looking slightly wobbly but decided to top up a few more today. Have some more cash for further drops

[richjp] 01/7/2021 16:58

The TU revision is disappointing however I know that because of Covid problems the auditors of other companies have been stretched to get results out on time. Also when you consider the changes SAA have made to their financial systems I can accept there might have been complications this time. There was no way they wanted to miss the 30th June deadline given the recent history and sometimes when things get a bit last minute, it is sometimes easy to miss the obvious when conducting a final review.

After reading the initial RNS yesterday I was intending to add this morning once I worked out where I could free up some cash and I still did so.

I think the fundamentals and recovery story are excellent.

[qs99] 01/7/2021 13:59

Agreed that was a bit village, but the underlying message prompted a c.10% upgrade by the broker it would appear, so IMO that is pretty material.

Their TP is a 50% upside from here, I'll take that thanks, DYOR and let's see where they take us

[pre] 01/7/2021 09:23

Let's not lose sight of the bigger picture, robust performance by the business and ahead of market expectation, and post pandemic strong footing for the business. The brand alone is probably worth its market cap imv, dyor folks.

[boozey] 01/7/2021 09:07

Morning, agreed David. At a time when the company is trying to shake off the image of legacy governance issues to make a mistake like that was beyond belief! You would have thought they would have been triple checking everything before release. And when you consider they had 6 months to put the accounts together. Shocking. You can't hide behind Covid any more - companies have long since adapted.

[pre] 01/7/2021 08:29

strong outlook as trading ahead of expectations and should see strong recovery, plenty of cash too

[davidosh] 01/7/2021 00:47

It has taken them a whole six months to get the figures agreed and released to the market before getting suspended as the company has just six months from the December year end to complete the accounts and what happens.....they still have to amend them with a correction ! Very sloppy

[cornishman33] 30/6/2021 20:21

After the close
'The 2020 Statutory earnings/(loss) and earnings/(loss) per share figures in the financial highlights table on the first page of the announcement should have read (GBP9.9)m and (9.1)p respectively rather than (GBP7.7)m and (8.6)p. This represented a 15.9% improvement in earnings/(loss) on the prior year, rather than a 41.0% improvement as previously stated, and a 30.3% improvement in earnings/(loss) per share rather than a 34.4% improvement. 2019 Statutory earnings/(loss) should have read (GBP11.8)m rather than (GBP13.1)m.

All other information remains unchanged'.

Maybe not so great tomorrow.

[markie7] 30/6/2021 16:54

nice close. great day here

[qs99] 30/6/2021 11:57

That's a decent upgrade then IMO

Few more decent updates and issues resolved above, and IMO that TP will be adjusted upwards again....DYOR etc.....

Be interesting to see what tipsters also pick up on this....

Cheers

[jaws6] 30/6/2021 11:52

LIB said 235 from 210 buy ON NEWS

[qs99] 30/6/2021 10:42

Agreed Markie, super bullish statement IMO. No reason they can't do H1 again in H2, I reckon they are just being cautious.

Get the dilution sorted out sharpish, keep generating cash and playing the digital transformation card and we should be north of £2.

Having been in and out of this share am back in and targeting some material rises so DYOR and GLA!

Cheers
QS99

[markie7] 30/6/2021 09:21

sorting out risk of dilution will be the next step. if they can do that, as they are intending to, this will strengthen a lot. See also comment on dividend.

Basically, there is more good news to come which isn't in the price.

[its the oxman] 30/6/2021 09:20

Back to 180p for starters.

[boozey] 30/6/2021 09:10

Huge spread for this stock - suggests a shortage.

[its the oxman] 30/6/2021 08:06

Good results , plenty to like and confirms recovery status so should go stronger now in the weeks ahead.

[boozey] 30/6/2021 07:49

Yes I agree Markie, reading the accompanying trading update it looks like £10m + profit for the half year. It adds that this may not be matched in the second half of 2021, but even if we only get to £17.2M for the full year that would be the same as 2019 when the share price was £3.50 plus. The company also seems to be generating around £2.5M a month in cash. A solid platform for growth and a firm hold.

[markie7] 30/6/2021 07:36

Superb RNS. Well done new management team.

[boozey] 29/6/2021 12:17

Results tomorrow.

[riviera1069] 25/6/2021 11:52

Results must be Mon, Tues or Wednesday then unless they are going to miss the end of month deadline.Not into charts myself. Colleague of mine banging on about the three year chart on here. In a positive way.

[qs99] 23/6/2021 15:01

Having made some nice $s here, take a look at smaller TMG, Chairman just retired/sold and share price looks under-cooked IMO....DYOR