Wpp Share Discussion Threads

[porsche1945] 25/10/2018 11:24

Another poor quality ftse 100 company with useless management, Sorrel should have gone years ago. Ftse becoming uninvestable, falling over like skittles, as T Smith says, its just full of rubbish, high dividends but declining business models and capital destruction. As a holder of these (feel sick) just pray for a takeover bid, someone comes in breaks it up and sells it off and can at least clear cost, it has a decent breakup value, for now, but the way it is going that may not last.

[essentialinvestor] 25/10/2018 10:21

This is more than just MS leaving,
cracks were beginning to show well in advance.
Mentioned the net debt here previously.

[careful] 25/10/2018 10:18

Having read the statement more closely I feel more encouraged about the future.
Clients won, lost and retained.
This is a huge industry and WPP must adapt to the changes.

'not in structural decline, but structural change..'
All to play for, probably a good entry point.

The shorters are now doubt out in force today, another coordinated pre arranged attack.
A feature of modern market.

Historic PE of 6 and yield 7% may be meaningless but it is a measure of the share decline.
Down for a peak of £19.

[maxk] 25/10/2018 09:33

A coup, me too, PC manufactured moral outrage = 50% drop in shareprice.

Was it worth it to the folks behind it?

[ny boy] 25/10/2018 09:27

Sir Martin's decision to start a new venture has echoes of his reverse takeover of Wire and Plastics Products in 1985.
The maker of wire shopping baskets was turned into WPP, and over 30 years became the world's biggest advertising company with revenues of over £15bn.

It’s why I invested in Sorrell’s new venture S4 Capital (SFOR) adding more at current levels too but not these, longtime chart support from 7yrs ago 800p but for now these have dropped out of the falling trend channel

Added (ABDP) this morning Dyor as usual

[montyhedge] 25/10/2018 09:21

Fancy letting the No.1 man go with all his knowledge and contacts.To top it all no start up clause for Sorrell. Incredible.

[careful] 25/10/2018 09:19

Seems to have lots of debt.
Is this company safe?

Strip out intangibles and net assets are below zero.
I suppose intangibles are mostly the difference between the price Sorrell paid for this collection of agencies he bought and their asset value.

[essentialinvestor] 25/10/2018 09:03

Careful, mentioned to you this looked a value trap.
Best hope may be someone else sees value.

Some of the big consumer companies are taking some advertising back in house,
huge speed of change in this market.

[careful] 25/10/2018 08:59

WPP were sliding before Sorrel stepped down.
but it was a big mistake to get rid of him because of some prudish political correctness
issue.
He was too important and had the connections.
WPP shot themselves in the foot.

I will hold, the damage has been done.
A sprawling giant like WPP can never be a one man band.

[blueteam] 25/10/2018 08:58

buying opportunity, got some early doors.

[maxk] 25/10/2018 08:48

Timelines..

[grahamite2] 25/10/2018 08:24

I agree, careful - they are not that bad, and most of the issues had already been flagged in earlier announcements. This might even be the buying opportunity I've been waiting for.

Grim for those who've been holding a while.

[careful] 25/10/2018 08:15

nothing to say.
I didn't think the results looked that bad.
Group finance director leaving never a good sign.
New CEO kitchen sinking is another factor.

[grahamite2] 24/10/2018 23:13

Third quarter trading statement tomorrow and there hasn't been a single post for days. How very odd.

[careful] 19/10/2018 09:21

I wish I had not bought these after the Sorrell incident.

[yflin0324] 18/10/2018 16:25

what's happened, gave up most of its gain today despite the good news? looks a bit disappointing

[inv] 18/10/2018 08:34

here is the good news

[careful] 17/10/2018 15:41

we need some good news here.
these have fallen by 48% in 18 months.
Information on this company had dried up.

[montyhedge] 15/10/2018 13:40

Crazy letting a no 1 guy in the industry to leave and no clause to start up again.

[grahamite2] 11/10/2018 09:49

I'd like to get in here at some point but it has to be said the chart is truly frightful.

[montyhedge] 21/9/2018 12:30

Now let the competition begin with WPP with Sorrel new vehicle.

[rubberbullets] 14/9/2018 13:25

DERR taking off