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WPP PLC (WPP)

London
Currency in GBP
Disclaimer
796.40
-7.40(-0.92%)
Closed

WPP Price Commentary

“Our very strong performance goes well beyond a cyclical recovery, with like-for-like growth over 2019 at 6.9% in the quarter. Clients across all sectors and geographies are making significant investments in marketing, particularly in digital media and ecommerce services. We are now above 2019 levels in all of our business lines, and with the actions we have taken over the last three years, we are even better positioned for growth.
WPP s net debt is UK£695.6m
Great news: Wavemaker global chief executive Toby Jenner added: “Through our continual drive to positively provoke ourselves and our strong alliance with Amazon Advertising we can now offer our clients a bar raising level of audience planning.
WPP wins two other account, one is at £800M and another at £500M, GroupM forecasts £1T in advertise spend globally up from £650B.
WPP Wins Unilever’s $3.3 Billion Media ReviewMindshare has retained the bulk of the company's global media services
WPP, outlook: https://www.fool.co.uk/investing/2021/08/05/the-wpp-share-price-is-recovering-well-heres-why-id-buy-now/
Gaming Technologies Appoints WPP's GREY as Global Agency of Record
WPP acquires leading AI technology company Satalia - Moving towards a tech focused core.
Mark Read, CEO of WPP, said: “Advances in technology are revolutionising how people live, work and shop, how brands go to market, and how products and services are delivered. Clients are looking for end-to-end solutions that harness these technologies to grow their business. I’m delighted to welcome Daniel and the Satalia team to WPP as we continue to strengthen our offer to global brands.”
https://www.thetimes.co.uk/article/wpp-orders-home-delivery-ai-z8cm5j3pb
This should be trading now at £17.50 heavily undervalued. - price manipulation
£350M of buy back this quarter; 💎🙌🏻🦧🚀🚀🚀
WPP , the world's biggest advertising company, said underlying net sales jumped 19.3% in the second quarter, beating expectations and taking first-half growth to 11%, ahead of 2019 as clients ramped up spending in the COVID recovery.The British group on Thursday upgraded its full-year outlook to growth of 9-10%, with a headline operating margin towards the upper end of the 13.5%-14.0% range.
Previous value of 3000p/ per share was an understatement ~ this should be priced at 6000p - 7000p/ per share.
🚀🚀🚀🚀💎🤚
3000p TP
The Company announces that on 11/03/2021 it has purchased a total of 528,700 of its ordinary shares of £0.10 each (the "ordinary shares") on the London Stock Exchange, Cboe BXE, Cboe CXE, and Turquoise, through the Company's broker EXANE BNP PARIBAS
The company likely will make acquisitions to bolster the group’s capabilities in areas such as analytics and artificial intelligence, Mr. Read said. But the company’s strategy is to build a data system that can ingest and parse consumer data as well as plug into external media and marketing technology systems, rather than purchase a large, pre-established data business, he said.
WPP’s Wavemaker swipes right on Bumble’s global media business: https://www.campaignlive.com/article/wavemaker-swipes-right-bumbles-global-media-business/1712918
buy in levels. sub -500p
stock is forming bear trap patterns . dangerous to be long in the short term. probadly big shorters in the market
in which quarter is pre-cristmas adverising revenues visible? should give stock some headwind
HOLD
NEW POSSIBLE BEARISH PATTERN
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