So did I.
Disappointed they didn't give any warning as they surely knew UK business was soft.
It will take a while for it to settle and they need to sort out debt levels.
Hope they are right about Q4 else they will look like a bunch of Charlie's.
Very surprised by the drop this morning on the announcement of the Interim Results. A reasonably positive statement by Martin Boddy, (chairman), makes me think it's well worth a punt. After all's said and done, it's a Michael Ashcroft company and he's a pretty sharp guy. So, I topped up again this morning at 24.9p.
Once finished they will x100 again so final share count will return to current number.
I doubt the price will return where it is now though, never that easy, probably be higher price afterwards.
It cost to have so many low count holders, something like 1200, and if they start paying a divi next year it will probably cost more to distribute than the divi is worth for people just holding 100 or so. Better to give then an exit at £5 per 100 shares when consolidated to 1.
A good idea.
How long before JWNG become an acquisition target?
I received a letter today informing me of a share consolidation whereby my holding in Jaywing is divided by 100 to create "new shares" which are then multiplied by 100 to give a new holding. Any fractions from the original division are left out of the calculation and the holder receives a cash payment for them. It's the usual way in which Lord Ashcroft's companies reduce the number of small shareholdings and it does make sense. (He's just done the same thing with Waterloo Investment Holdings and bought me out completely!!!) It could also indicate that they have plans to do something significant in the near future. Or .... they could be just tightening up on shareholder administration costs. One thing for sure, they are actively managing shareholdings.
With Lord Ashcroft, the one thing you always know is .................."you never know"
These have been on my radar for a while and with the price falling 15% recently they are now looking quite attractive to me. The balance sheet is not great being loaded up with intangibles and negative NTA and they don't look cheap on the face of it but that is sort of the nature of the business.
What attracts me to them is the decent cashflow and the sector they operate in which has to be a growth sector surely and the decent operating profits of the two divisions.
Something happening and it can only be a matter of time before is breaks out from 33p.
Just don't know when.
Buy on weakness.
P/E is high for a reason and that doesn't mean avoid in my book. Sometimes it does. Not here for me though as the dynamics of the markets they operate in are very supportive. Their Big Data capabilities should be in demand as well as the IFRS9 products.
Good chance growth will pick-up, impressed with their thinking on work with Imperial College and hope it might even lead to some patentable ideas. Certainly forward thinking and they can measure impacts via their own data analysis after Imperial suggest the likely impact on the user.
POSSIBLE, the global creative digital agency that is part of WPP Digital, has acquired The Swift Collective in the United States. Swift's revenues for 2014 will be over US$13m and its clients include HTC Corporation, Starbucks, Nestle USA and REI.
Based in Portland, Oregon, Swift employs over 70 people. Swift is a digital agency that specializes in creative and strategy, branded content creation and social media.
The acquisition continues WPP's strategy of investing in fast-growing markets and sectors such as mobile and digital. WPP's digital revenues (including associates) were over US$6 billion in 2013, approximately 35% of the Group's total revenues of US$17.3 billion. WPP has set a target of 40-45% of revenue to be derived from digital in the next five years.
At 1:05pm: (LON:WPP) WPP Group PLC share price was -1.5p at 1359.5p
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.