WPP: Lap Of Honour?

It is good to see WPP shares up nearly 10% so far this morning, and Sir Martin Sorrell getting a bit richer again…

wpplogo

This is especially the case after the stock was highlighted here on Zakmir.com with accompanying deductive reasoning as to what should happen next in terms of the newsflow regarding the company.

This was not only correct, it was timely, and useful from the perspective of both traders and investors – something which is rarely seen in the mainstream financial media. It is clearly also the reason I am not published in the mainstream financial media, I refer you to Owen Jones’s “Closed Shop” article from last week.

Disclaimer

Zakmir.com is a purely journalistic website – Zak Mir is a member of the National Union of Journalists. There is no intention here of providing financial advice. It is  recommended you seek an independent professional opinion before deciding whether or not to take any action with regard to anything written here.

 

 

Author: Zak Mir

Financial commentator, interviewer, technical analyst

7 thoughts on “WPP: Lap Of Honour?”

      1. Not related I know but would appreciate your views on: –
        1. Pan-African Resources. Seems to be trading at a ridiculously low projected P/E of 100M GBP in cash so not sure why shorters are expecting it to collapse/go bust. Clearly not worried about imminent M&A given >4% shorts.
        3. Do you think the Shire deal will go through?

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  1. Thanks. Vectura is a roller-coaster. Cash £104M, minimal debt but shorters increasing all the time. Surely upside greatly more than downside? Sosei RNS was also strange. Why issue one at all?

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  2. Heavily under water with Pan-African Resources. Bought around 13-14p expecting a rise to 18-19p with Elikhulu. Drop to 6-7p has caught many out. I project EPS could rise to 2.5p 2018-19 though with annual profit of £55-£60M hence projected P/E of <THREE with current SP just 7.4p. Bizarre.

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  3. As for WPP I suspect those who bought around 1100p will do well. Trading at just 10x earnings and break up/special dividends from any sale(s) probable.

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