M&c Saatchi Share Discussion Threads

[value viper] 14/9/2023 08:07

Agreed Colin Was there ever a RNS confirming the big director share purchases that were recently reported on Sky News ?I do not recall seeing anything

[colinroberts] 14/9/2023 07:57

Results poorer than I was expecting - I guess the recent share price slide was a prelude to them. Still one to watch in the longer term though. Could be a buying opportunity later on.

[value viper] 13/9/2023 11:18

Results tomorrow here

[tromso1] 01/9/2023 17:30

Also covered here

[tromso1] 01/9/2023 07:59

The former bosses investing £1 million clearly think it’s a good time to invest.

Zillah Byng-Thorne likely to be a positive factor as well. Hugely successful.

[colinroberts] 01/9/2023 07:15

Interesting snippet, thanks. Have the shares bottomed out? Looks like Finke could be right, I'm more tempted than ever - I'm just nervy about the whole macro/worldwide picture at the moment, looks risky for advertising... then again, they're surely undervalued. Can't decide.

[scepticalinvestor] 29/8/2023 18:44

My target buy in is 10p

[finkie] 29/8/2023 09:42

When is the next company update? Thanks

[finkie] 17/8/2023 21:02

Target price reached so I have today purchased some shares at a smidge under 125p

[finkie] 11/8/2023 11:54

Nearly there

[finkie] 26/7/2023 13:48

But short term the floor on the charts looks around 125p to me.

[finkie] 26/7/2023 12:04

agreed and share price drifting down buyers wont have a better timing opportunity.....

[stemis] 24/7/2023 13:03

CEO Moray MacLennan to 'retire'. Seems a little strange after having fought off the two bids and before a new CEO is appointed. Advt still sit with 22.2%. Probably not interested anymore but could be key to delivering the company in a potential bid situation. Now would be the time to strike...

[finkie] 14/6/2023 12:41

yes it was overdone reclaimed some ground this morning

[finkie] 14/6/2023 08:36

Hi QS99 i thought slightly overdone the share price fall unless they are sugar coating the it will get worse in the second half of the year....

[qs99] 14/6/2023 08:10

heavy 2nd half weighting to what looks like IMO "tight" results. Risk profile not for me after that RNS DYOR

[colinroberts] 30/5/2023 21:38

Thanks for that

[x54v] 30/5/2023 18:36

“In the latest in our Smart Small Caps series, Jemma Slingo talks to Octopus Investments about why M&C Saatchi has turned a corner…

The shares have yet to recover from the 2019 scandal, which involved overstated revenues and understated costs. However, things are on the up – at least according to Richard Power, head of the quoted smaller companies team at Octopus Investments.

“It has got its mojo back,” he said. “But people are still looking in the rearview mirror.”

Power is enthusiastic. “For the rating it’s on today, and the growth it’s likely to achieve over the next five years, have we got an investment that’s likely to achieve quite significant returns? Absolutely. And I say that acknowledging that we could well see some headwinds in the next 12 or 18 months. At the entry point today, the opportunity is substantial.

Five years feels like a long time for a company with a history of volatility. However, the group is responding well to the new management team, and feels significantly more dynamic than it did a few years ago. The market doesn't seem to have clocked this, and despite its expertise in brand-building, M&C Saatchi is often still portrayed as outdated and slow-moving. Things could be about to change.”

[tole] 19/4/2023 17:46

https://masterinvestor.co.uk/equities/small-cap-round-up-pubs-ports-and-steel/M&C Saatchi (LON:SAA) – Liberum Target 260pThis advertising and marketing services group yesterday announced its audited results for the year ended 31 December 2022.The company has delivered another year of record results with its highest ever net revenue, Headline operating profit, Headline profit before tax and Headline earnings.Revenues of £271.1m were 8.7% ahead, while its pre-tax profit was 16.5% better at £31.8m (£27.3m), with earnings 31.9% better at 14.9p per share.The cost of defending itself against a couple of bidders saw net cash fall to £30.0m (£34.4m).The £207m group, which is continuing to win loads of new business, is guardedly optimistic about the current year despite the macroeconomic uncertainties.Its shares, now at 169.5p, are well below the Liberum price objective of 260p, so they could be offering some sizeable upside.

[x54v] 19/4/2023 08:55

“A share with speculative appeal. Buy.”

[its the oxman] 18/4/2023 19:48

Yes ,bizarre pm collapse. Nice opportunity to buy.