Wpp Share Discussion Threads

[nasdaqpat] 02/5/2017 07:08

In order that there be no confusion, I have decided to firm up on my target for the expected Phase correction which is very likely to be already underway for FTSE100...my target is c(48.00%) of the 1,947 points gained from 5500 which comes out @ c6512 for a decline of c(12.56%) from the current Bull high of 7447.

How this will affect individual companies will vary from share to share. In the case of WPP, the last 2 bouts of serious weakness (2014 & 2015) were both similar in severity with declines of (21.57%) and (21.23%) respectively. The lack of a serious market wide drop in 2016 coupled with the apparent slowdown in advertising growth suggest to me that the current/imminent Phase correction (which is already well underway for WPP) will lead to a decline of c(25.00%) in the share price from its 02 Mar ath of 1928p giving a downside target for WPP of c1446p.

[nasdaqpat] 01/5/2017 22:13

Once again, I have to correct you; a drop of c(15.00%) for FTSE or DOW is not a crash, its a healthy correction which is precisely what the markets need at the moment and will occur when people (especially people like you) least expect it.

[invisage] 01/5/2017 21:52

Nasdaq closes at an all time high tonight39 out of FTSE 350 closed at a 53 week high on FridayDoesn't feel like a crash happening anytime soon.

[invisage] 01/5/2017 21:03

Lots of assumptions ifs buts and maybes. You said ftse is going to 7000 and now your talking about a correction of 15%.Not saying a 15% correction is unreasonable.Would love to see a 30% correction on my stocks gsk lloy BATS imb rb. Sge azn bp. etcI can buy more.

[invisage] 01/5/2017 19:13

If FTSE going to 7975 this time next year then that's about a 10% upside from here plus an almost 4 % yield. So approx 14% return For me that's a pretty decent return in the current environment and certainly doesn't warrant me to sell my stocks to market time! In my investment career to date which has been many years now I have to admit I've come across loads of doomsters and few bulls. No surprise though given we have had a major crash or two since the millennium but history favours the bulls and the buy and hold approach.

[gateside] 01/5/2017 18:03

Portfolio is +0.17%

[gateside] 01/5/2017 18:03

Yes I was very sad to hear of that news.

[nasdaqpat] 01/5/2017 14:34

Gateside, I presume you are mourning the tragic death of Ueli Steck...but still waiting your weekly return in case you've forgotten.

[nasdaqpat] 01/5/2017 14:31

Cyclical Bull target overall for FTSE100 (from 11 Feb 2016 low of 5500) remains +45.00% equating to c7975 but I do not expect this level to be reached until about this time next year...in the meantime we have a chunky Phase correction to get through mostly occurring, IMO, during the lean months of this year.

[nasdaqpat] 01/5/2017 13:15

FTSE touched 7197 on Friday which means it has had a 2 day intraday decline of (01.45%) and is effectively in a Down wave. The establishment of a third PW down to below 7097 now looks clear favourite. My guess remains something like c(03.75%) off 7303 leading to c7029 but the severity of this Down wave is difficult to predict.

[nasdaqpat] 30/4/2017 23:13

What a slllllllow, delllllibbbbberattttte charrrrracttttter...no doubt on day release from the Funny Farm!

[invisage] 30/4/2017 20:42

Pat

A nice little present for you, take note of his views on the market and consider his track record :

[invisage] 28/4/2017 23:18

GatesideLoads of quality companies that exist today that were around in 1997 and have done v well.

[gateside] 28/4/2017 22:29

Invisage... Are you Warren Buffett by any chance?;-)

[gateside] 28/4/2017 22:27

Trouble is, how many other companies were there in 1997, that also looked like quality companies, but have since gone bust?

[invisage] 28/4/2017 22:20

I invested nothing Gateside the point is if you find a very good company stick with it.Amazon is v different today compared to 1997.I invest very differently then when I did many many years ago.The approach I have now is one I am likely to stick with until I'm pats age :-)Then I may change slightly but would never compromise on only investing in quality stocks.

[blueball] 28/4/2017 22:08

stay in cash.

[gateside] 28/4/2017 21:05

Invisage... So how much did you invest in Amazon in 1997?

[invisage] 28/4/2017 17:58

+4.5% YTD Still waiting for quite a few dividends to come in.

[essentialinvestor] 28/4/2017 16:57

Invisage, a tad selective there, but take your point!.
Well done on your recent gains.


Added some WG today, some GSK yesterday down to under 1543.