Alsof die man je iets zinnigs kan/mag zeggen. We vernemen het wel allemaal samen op de investor day.

Hedge funds amass big bets against world’s leading advertisers

Financial Times - 12 maart 2018
https://www.ft.com/content/ca16d32c-23b ... d3531b7d11

...

"While selling short struggling advertisers has become a profitable trade for hedge funds, other investors have made large bets in the other direction that the concerns over the agency model will prove less severe than the market believes. David Herro, chief investment officer at Harris Associates, holds a stake in WPP worth £766m as of Friday’s close, as well as a €755m holding in Publicis. Mr Herro has said that he does not believe the current share price of WPP reflects the true value of the company."

Campbell soup, weer een grote naam erbij!

http://www.publicisgroupe.com/en/news/n ... m-arthur-6
http://www.4-traders.com/CAMPBELL-SOUP- ... -26160260/



edit @ hierboven ivm de 'shorts'; Publicis dus met veruit het laagste short-percentage in de sector! & zeker niet verontrustend hoog (+-2,1% zit short). Ik kijk uit naar dinsdag! :

"I am sure we will have more great news to celebrate together very soon."

Langs de andere kant, de extra omzet die Publicis hiermee (ook met Daimler) genereert is wellicht niet groot.

gpv1 schreef: ↑15 maart 2018, 13:58 "I am sure we will have more great news to celebrate together very soon."

Langs de andere kant, de extra omzet die Publicis hiermee (ook met Daimler) genereert is wellicht niet groot.

Dat Daimler contract is toch vrij groot hoor... Grootste win in jaren spraken ze van (incl. andere holdings)!

Morgen komt er op SA iets uit over Publicis. Niets speciaals en niets wat hier al niet aan bod kwam.

gpv1 schreef: ↑15 maart 2018, 13:58 "I am sure we will have more great news to celebrate together very soon."

Klein beetje uitgebreider:

"... and make sure that we deliver bigger deals. I am sure we will have more great news to celebrate together very soon."

Brian Wieser (Pivotal Research), de meest invloedrijke analist wanneer het om reclame gaat, heeft de rating voor WPP opgetrokken naar Buy. Hij verwacht ook een positieve outlook op de Investor Day van Publicis:

19 maart 2018

WPP ( WPP ) received an upgrade to its investment rating to buy from hold from Pivotal Research Group, which said in a note to clients that following a recent drop in the communications-services company's stock, the firm sees "favorable upside potential to the stock on a risks-adjusted basis."

The firm kept its price target on WPP's London-traded shares at GBP14.20, which were trading recently at GBP11.64. The shares have tumbled 19% over the past month.

"With the stock slumping to well under 1200p over the past week and fundamental conditions remaining relatively unchanged post-earnings, our 1420p [year-end 2018] price target is unchanged, and represents more than +20% upside to current trading levels," Pivotal noted. It added: "For that reason alone, we recommend buying WPP stock."

The upgrade also comes ahead of competitor Publicis's investor day Tuesday, which Pivotal said "could present a positive tone on the potential of the agency industry." The firm expects the investor day "could serve as a catalyst to the extent that the event illustrates upside opportunities for the agency business, and that WPP is as well positioned to take advantage of these opportunities as Publicis is."

Pivotal said in addition to providing favorable views on the media-agency business, it expects the investor day to show "the potential for agencies to provide business transformation services (which we note WPP is essentially as well positioned as Publicis to provide, whether through existing business units such as Wunderman or through partially owned entities such as Globant), opportunities to reduce costs through business unit consolidation (which WPP is doing itself as well) and real-estate cost savings and opportunities to drive production costs down for marketers (similarly also occurring at WPP, through entities such as Hogarth)."

Geen inkoopprogramma. Als ze gewaardeerd gaan worden als Accenture ben ik tevreden (>24x VKS)
'financiële outlook' is pas voor namiddag lijkt me? (zie webcast?)

http://www.publicisgroupe.com/en/news/p ... uture-en-1

accelerated organic growth,
margin expansion,
bolt-on acquisitions.

https://uk.reuters.com/article/uk-publi ... GW0L5?il=0

Geen inkoopprogramma is wel een tegenvaller. Dacht dat dat een sure thing was.

jens_dev schreef: ↑20 maart 2018, 08:24 Geen inkoopprogramma is wel een tegenvaller. Dacht dat dat een sure thing was.

Idd, hier ook. Ze houden wel de optie open...

The Group would sustain shareholder value creation through the implementation of a share buyback program, should the amount spent in acquisitions be at the lower end of the plan.

edit; als ze dit kunnen verwezenlijken ben ik ook tevreden...
analisten verwachten 3% groei tegen 2020, Publicis meer dan 9%. in een DCF-analyse is dat een wereld van verschil gok ik?

Publicis Groupe aims to deliver an accelerated 5% to 10% Headline diluted EPS growth per annum over the next 3 years, at constant currencies, thanks to continuous organic growth improvement, margin expansion and contribution of acquisitions to earnings.

Free cash flow generation is expected to remain strong and Publicis Groupe’s balance sheet will remain solid. With a dividend pay-out of circa 45%, dividend growth is due to accelerate over the next 3 years.

De dag waarnaar we, volgens Publicis, moesten naar uitkijken brengt toch niet echt de koersverandering op gang die ik had verwacht

Dat er geen inkoopprogramma komt (enfin, toch geen grootschalig programma), dat kon ik al afleiden uit mijn mails met Lévy, dus voor mij geen verrassing. Men wil eerst de business versterken via overnames die met data en digitalisering te maken hebben, voor een kost van €300 à €500 mio per jaar.
De outlook is zeer positief, dus ik ben zeker tevreden.

gpv1 schreef: ↑20 maart 2018, 11:56 Dat er geen inkoopprogramma komt (enfin, toch geen grootschalig programma), dat kon ik al afleiden uit mijn mails met Lévy, dus voor mij geen verrassing. Men wil eerst de business versterken via overnames die met data en digitalisering te maken hebben, voor een kost van €300 à €500 mio per jaar.
De outlook is zeer positief, dus ik ben zeker tevreden.

Op zich ben ik ook tevreden. Al gaan die 'investeringen' wel (lichtjes) op de FCF wegen met 100M per jaar?
Negatief punt is wel dat hun 'mature business' niet zou groeien;

The objective is to post an accelerated organic growth rate over 2018-2020 with the aim to reach +4% in 2020, representing an incremental 900 million euros revenue over the next three years. This acceleration is expected to come from 1) direct revenue generated by the three strategic game changers for 650 million euros with the Top 100 clients and 2) revenue resulting from cross-selling with existing clients and new business with new clients for 600 million euros. Both should largely override the 350 million euros attrition of more mature business.