Wpp Share Discussion Threads

[essentialinvestor] 26/5/2017 09:28

Would not wish to encourage anyone in buying Wood Group atm,
there are large short term uncertainties for the sector,
coupled with the low oil price. Longer term attraction, however that's just my take only.

[nasdaqpat] 26/5/2017 09:22

FTSE has established a third Up wave now with a rather unconvincing extension to 7535 earlier. Today is Day 25 of the 7097 based fifth Segment which has put on 06.17% thus far making exactly 37.00% for the Phase as a whole (from 5500).

Started loading XUKS again earlier (so far just 4.0% of portfolio) but partially compensated by re-buying small amounts of 3 more companies (HAS, PRU & AEG) so we are now up to 38 companies. Cannot bring myself to Buy WG. albeit tempted. As far as I'm concerned the Long trackers have done their bit so will probably not be using them again for a while.

[essentialinvestor] 26/5/2017 08:33

Added another small amount of WG. this AM, that is my lot now.


Gateside, the merger prospectus is very detailed, skim read it only.

[gateside] 25/5/2017 21:10

+5.22%No thanks to AMFW!

[nasdaqpat] 25/5/2017 21:03

Nowhere near as good as yours...I'm virtually flat on the week @ +03.73%.

[gateside] 25/5/2017 20:45

What's your YTD after today?

[gateside] 25/5/2017 20:43

Ok... I'm around tomorrow, so I'll post my yearly figure, so there will be no need for you to guess this week!

[nasdaqpat] 25/5/2017 19:44

Gateside,

Weekly performance table update will be Sunday or Monday this week!

[nasdaqpat] 25/5/2017 19:41

WPP Update:-

WPP's share price did OK today finishing 00.59% firmer, closing @ 1701p. It is still underperforming FTSE on the week being down (00.35%) having started @ 1717p.

The current intraday low remains 1651p on 28 Apr and WPP still hasn't registered a (Phantom) Up wave since that date (+5.3% is required by my methods). Even after today, WPP's share price now looks more likely to lower 1651p before putting in any sort of Up wave. It will now depend on broader market dynamics before deciding whether to Add to our holding below 1651p (our average is currently 1656.87p including costs) or cash out on any strength over the next few days. Our target for WPP's correction as a whole remains c1542p.

[nasdaqpat] 25/5/2017 19:37

RIO Update:-

RIO's share price was somewhat up and down today but has already managed to register a new (Phantom) Up wave following today's visit to 3212p. Even so, the share price ended up closing down (00.31%) @ 3165.5p and remains week against the FTSE100 for the week as a whole being down (0.06%) having started @ 3167.5p.

The current (Phantom) Up wave for RIO has yielded 05.59% (3042p:3212p) but it is unclear what the share price will do from here...it could manage something like c09.50% and complete a two sub-wave Phantom @ c3331p or directly move sharply downwards below its current interim low of 2882.5p. There are also other, more positive scenarios. We continue to hold at an average of 3257.7p but may be tempted to reduce or sell out @ prices north of 3300p.

[essentialinvestor] 25/5/2017 19:20

The recent oil run surprised me, so less surprised to see some unwinding.

[nasdaqpat] 25/5/2017 16:13

I see NYMEX got to 5200c early on and has now dropped sharply...so the trading range could well be set @ 4376c (5 May) to 5200c. The trouble is, FTSE is unlikely to make progress if POO is declining but, at the same time, I cannot see the 7534 of 15 May being top.

[essentialinvestor] 25/5/2017 15:33

BLND was my main add today. 23% invested at the close.

The US appears in melt up mode atm, how long can that go on?.

Longer than I thought!, got to be honest.

[nasdaqpat] 25/5/2017 15:28

BTW, I've just cleared out both Long Trackers & Short leaving 34 companies and stock level of 33.5%. Will start building the short tracker (XUKS) holding again once FTSE starts moving closer to my Segmental/Phase top target of c7594.

[essentialinvestor] 25/5/2017 15:07

It's only fair to say with the SFO investigation
attempting to assess short term valuation is not possible imv.
Wood Group have an ongoing internal enquiry which they say will take months.


I'm taking a view there are longer term attractions.

[gateside] 25/5/2017 15:00

It's in the interests of both for the deal to go ahead. FW was bought at the wrong time, the timing of that deal aside, I've generally been impressed with management of AMFW.

[essentialinvestor] 25/5/2017 14:55

Hi Pat, the difference may be AMEC bought FW at cycle peak.
WG have a long history of successful smaller acquisition integration.
This deal is far larger, however the WG. BOD look capable - might be wrong.

[nasdaqpat] 25/5/2017 14:49

We sold all our remaining AMFW shares @ 582p on 13 Mar and not really tempted back as the union with WG. looks to be as desperate as when AMEC acquired AMFW and we know what happened with that one.

[essentialinvestor] 25/5/2017 13:33

WG. published a detailed prospectus on Tuesday, also offering to divest
some North Sea assets to help competition clearance as you may be aware.

I stick to WG as it may be "lower risk", although low risk and the sector
atm is perhaps incongruous!.

[gateside] 25/5/2017 13:27

I'm confident that the merger will still go ahead.

[essentialinvestor] 25/5/2017 12:40

AMFW, was not holding, you would perhaps conclude the deal is now
at an increased risk of not completing, I hope it will, depends on what
news flow follows.

[essentialinvestor] 25/5/2017 12:35

Hi Gateside, WG. yes and adding a few. Have traded it as well, sold a few
before the close yesterday as mentioned on the WG. board, bought them back
today and a few extra.

It's a small position, not that brave!.

[gateside] 25/5/2017 12:32

Pat .. are you still holding AMFW?EI .. are you still holding WG.?Both been hit badly by PFC?

[nasdaqpat] 24/5/2017 20:29

WPP Update:-

WPP's share price initially touched 1669p today but then recovered most of yesterday's losses to finish 01.67% firmer, closing @ 1701p. It is still underperforming FTSE on the week being down (00.93%) having started @ 1717p.

The current intraday low remains 1651p on 28 Apr and WPP still hasn't registered a (Phantom) Up wave since that date (+5.3% is required by my methods). Even after today, WPP's share price now looks more likely to lower 1651p before putting in any sort of Up wave. It will now depend on broader market dynamics before deciding whether to Add to our holding below 1651p (our average is currently 1656.87p including costs) or cash out on any strength over the next few days. Our target for WPP's correction as a whole remains c1542p.

[nasdaqpat] 24/5/2017 20:21

RIO Update:-

RIO's share price struggled early on in today's session, probably due to IO weakness. It actually touched 3042p at one point which means that the 2882.5p Up wave is over and a fresh Down wave (albeit probably temporary) is now in play. The share price rallied well to close down just (00.53%) @ 3175.5p but it is now underperforming FTSE100 for the week as a whole.

The drop to 3042p today may not be particularly negative as it sets up the possibility of a second (Phantom) Up wave to possibly well beyond the current interim high of 3232.5p. We continue to hold at an average of 3257.7p but may be tempted to sell out @ prices north of 3300p.