Wpp Share Discussion Threads

[nasdaqpat] 06/3/2017 08:35

Added to WPP @ 1708.5p earlier...could have got mid price of 1695p...may Add further below 1690p if it goes there.

Disappointed with ADN price...would have been tempted to sell out @ c315p but SL. appear to have acquired them on the cheap so there could still be a better offer from the likes of HSBA...SP got to 354.4p during Q4 of 2016 and that seems like a fairer takeout price to me.

[nasdaqpat] 04/3/2017 12:25

Yes, please.

[gateside] 04/3/2017 12:15

I can post all 25 current holdings in size order if your interested.

[nasdaqpat] 04/3/2017 12:09

Thx Gateside...helps me to improve my estimates!

[nasdaqpat] 04/3/2017 12:08

FWIW, I am not unduly concerned about our portfolio's poor performance this week. Detailed analysis reveals that 7 of our companies incurred heavy losses resulting in about (0.50%) being shaved off our portfolios worth.

AEG lost (7.3%) due to concerns about the efficacy of their biomass technology...any criticism may be totally unjustified and the company has other strings to its bow. Still very early days with this one.

BVC lost (3.8%) following an ambiguous Trading Update stressing more jam tomorrow and this presumably angered some investors (including me). However, its turnaround could still be on track.

CEY lost (9.5%) mainly due to a chunky 11p ex-dividend plus some POG softness. Took the opportunity to top-up.

CPI lost (8.1%) after Finals indicated a treading of water during 2017. Prospective PER now only 9.9 so Added on weakness on Thursday and its expected volatility should suit Add/Reduce very nicely during 2017.

TNI lost (11.7%) after Finals pointed to large increase in Pension Deficit. Clear market overreaction and share price continues to offer VG value but waiting for c94p to top-up as I think the controllers may be taking it down to a fresh Segmental base.

TRD lost (3.2%) for no good reason possibly other than its famed lack of newsflow.

WPP lost (6.0%) due to outlook being below (unrealistic) expectations for 2017. Bring on the weakness, I say, as great opportunities to top-up. Added 60% extra yesterday and will Add another 25% on Monday @ c1709p. Even if it only manages EPS of 120p this year, I would still attribute a PER of 18 and value it @ c2160p.

All in all, this week's weakness provides more of an opportunity than a reverse and we will probably keep the majority of our 50 companies and just rely on Adding & Reducing to control the overall level of investment depending on the risks attached to the overall market.

[gateside] 04/3/2017 12:04

Largest 6 holdings are:

RDSB
AZN
HSBA
BP.
RIO
SSE

[gateside] 04/3/2017 11:59

Not including the cash section of my portfolio, those two make up 11.30% of portfolio.

[nasdaqpat] 04/3/2017 09:39

I notice both of you guys have AZN & GSK which have both been doing well recently. In addition, Invisage has SN. & WWH.

Invisage, roughly what percentage of your portfolio is covered by these 4 companies?

Gateside, same question for your 2 mega-caps?

[nasdaqpat] 03/3/2017 23:32

Very well done, Invisage!

[invisage] 03/3/2017 22:46

Agree +3.9%

[nasdaqpat] 03/3/2017 21:04

Well done, Gateside!

[gateside] 03/3/2017 20:57

And a strong week for my Utilities.

[gateside] 03/3/2017 20:55

Good performances from many of my larger holdings.

[gateside] 03/3/2017 20:54

Swung back into profit this week.Portfolio is +1.36%

[nasdaqpat] 03/3/2017 17:35

Our investments slightly underperformed today with a (0.22%) decline as opposed to (0.11%) for FTSE100. Of our 50 shares, we had just 12 Up, 34 Down & 4 Unchanged.

For the week as a whole our investments ended up gaining just 00.59% which was a significant underperformance against the FTSE100 which was Up 01.79% (7244:7374). Overall, our assets were Up 00.38% on the week. The calendar year performance table is shown below :-

FTSE250~~~~~+04.90%~~(18077:18883 + 00.44% Dividend Yield)
FTSE AS~~~~~+04.04%~~(3873:4007 + 00.58% Dividend Yield)
Invisage~~~~+03.90%~~(Stocks still performing well)
FTSE100~~~~~+03.85%~~(7143:7374 + 00.62% Dividend Yield)
Videans~~~~~+01.63%~~(Dreadful performance on the week)
Gateside~~~~+01.36%~~(Solid week all round)

Decided to start cashing trackers with FTSE100 having possibly reached an interim top of 7395 on 02 Mar so stock level reduced from 65.1% to 54.3%...however, Friday's resilient performance is suggestive of further short-term upside to come.

[ccr1958] 03/3/2017 12:01

Bit of an over action at WPP today but nice Divi. !

[nasdaqpat] 03/3/2017 09:06

Re-bought slice of BLND so we now have 50 companies with stock level increased to 54.0%.

Not a good start for our stocks (WPP in particular) and it looks like our third bad day in a row...I may go back to bed!

[nasdaqpat] 03/3/2017 09:00

Cheers MJ19...that partially explains the reaction.

[mj19] 03/3/2017 08:42

WPP reported its slowest quarter of revenue growth since 2012 as clients spent less in the U.S. and U.K.The world's largest advertising company also forecast slower growth for 2017, reflecting fewer new business wins in recent months and what it describes as a "tepid" macroeconomic environment.Like-for-like net sales--a measure used to judge the company's underlying performance--rose 2.1% in the three months to Dec. 31, its slowest growth since the third quarter of 2012. WPP said that particularly strong sales growth in the same period a year earlier made the latest figures look weaker.The U.K.-based company, whose agencies include Mindshare and JWT, said on Friday that net profit rose 21% last year to 1.4 billion pounds ($1.72 billion). Revenue rose 18% to GBP14.39 billion.Run by Chief Executive Martin Sorrell, WPP has expanded its digital operations and made acquisitions to outpace rivals like Omnicom Group Inc. and Publicis Groupe SA as spending for ads in traditional media has slowed in recent years.However, the group has posted a relatively slow start to the year, with January like-for-like net sales up 1.2% from the same period last year. WPP said it is budgeting for around 2% growth in both revenue and net sales for 2017."Clients are generally grinding it out in a highly competitive ground game, rarely resorting to a passing game or Hail Marys," the company said, adding that the year would be influenced by the buildup for the Russian World Cup and the mid-term Congressional elections in the U.S.The company said it was cautious about the economic outlook and its clients' inclination to spend on advertising campaigns.The outlook "will not be taken well," said Charles Bedouelle, an analyst at Exane.He said that it reflects the loss of some large media buying accounts in 2016 with companies like AT&T Inc. and Volkswagen AG as well as pressure from clients to get more for their marketing dollars.WPP raised its dividend to 56.6 pence from 44.69 pence.

[nasdaqpat] 03/3/2017 08:18

WPP dropped out of fourth mega-wave then...didn't expect that reaction.

It will be interesting to find out the reason for the weakness, clues anyone?

[nasdaqpat] 03/3/2017 07:45

WPP's finals appear good to me and EPS is possibly on track for c130p next year. Given a forward PE of 18, the shares could well be worth c2340p later this year. However, the share price usually finishes Down on results day so not expecting much of a rise if any today.

WPP's wave pattern continues to be extremely bullish albeit a tad unusual. We have to go back to 24 Aug 2015 for the last major correction base @ 1273p. From there the share price has put in a series of 3 long duration, single wave advances with some chunky correctional give backs in between. The Up wave sizes were 24.4%, 27.5% & 27.6% interspersed with interim corrections of (16.2%), (13.0%) & (12.9%). More recently it put in an interim low of 1634p on 14 Nov 2016 and has, so far, managed to reach 1928p (yesterday) for a gain of 18.0%.

Assuming it manages c25.0% for the current fourth mega-wave, then a possible short-term target would be c2042p. At that point I would probably sell and re-buy after the next correction.

[gateside] 02/3/2017 18:34

Up on the day.
Only have very small holdings in gold miners, so their drop had little impact. Utilities looking strong.

[nasdaqpat] 02/3/2017 17:08

Two bad days in a row (relative to the market) as our investments moderately underperformed today with a decline of (0.44%) as opposed to (0.01%) for FTSE100. Of our 49 shares, 19 closed Up, 25 Down & 5 Unchanged. Stock level is 52.8%. There were new intraday Bull highs for BA., BOO, L100, PCT, RTO, SWDA, VUKE & WPP but these were largely offset by disappointing performances from CPI, DC., ITV & TNI. It also didn't help that CEY's large dividend went xd today.

[gateside] 02/3/2017 16:49

Market seems to like AMFW update.