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WPP ScanGroup Plc FY 2019
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Receptor
#81 Posted : Thursday, August 05, 2021 8:27:48 PM
Rank: Member


Joined: 7/1/2019
Posts: 119
McGill wrote:
Receptor wrote:
What if the former CEO has been pimping the cash position? What if WPP Scangroup balance sheet is totally different from what has been posted in the past? What if the equity of the firm is significantly lower than what has been reported?


Possible. Just last year that German company called Wirecard was discovered to have an imaginary $2 billion cash in its books. And that is in a country that is supposedly with better financial markets oversight. Very possible.



31st August 2021 will be a day to behold....A buying price of sub-4 is worth the risk. Its either you eat or be eaten
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cyruskulei
#82 Posted : Friday, August 20, 2021 11:18:52 AM
Rank: Member


Joined: 3/9/2010
Posts: 320
Location: kenya
Receptor wrote:
McGill wrote:
Receptor wrote:
What if the former CEO has been pimping the cash position? What if WPP Scangroup balance sheet is totally different from what has been posted in the past? What if the equity of the firm is significantly lower than what has been reported?


Possible. Just last year that German company called Wirecard was discovered to have an imaginary $2 billion cash in its books. And that is in a country that is supposedly with better financial markets oversight. Very possible.



31st August 2021 will be a day to behold....A buying price of sub-4 is worth the risk. Its either you eat or be eaten


Sub 4.0 is here with us. I think sub 2.0 could be a better deal


Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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McGill
#83 Posted : Friday, August 20, 2021 11:42:47 AM
Rank: New-farer


Joined: 8/1/2019
Posts: 86
cyruskulei wrote:
Receptor wrote:
McGill wrote:
[quote=Receptor]What if the former CEO has been pimping the cash position? What if WPP Scangroup balance sheet is totally different from what has been posted in the past? What if the equity of the firm is significantly lower than what has been reported?


Possible. Just last year that German company called Wirecard was discovered to have an imaginary $2 billion cash in its books. And that is in a country that is supposedly with better financial markets oversight. Very possible.



31st August 2021 will be a day to behold....A buying price of sub-4 is worth the risk. Its either you eat or be eaten


Sub 4.0 is here with us. I think sub 2.0 could be a better deal


Sad situation.
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VituVingiSana
#84 Posted : Friday, August 20, 2021 2:20:44 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,098
Location: Nairobi
cyruskulei wrote:
Receptor wrote:
McGill wrote:
Receptor wrote:
What if the former CEO has been pimping the cash position? What if WPP Scangroup balance sheet is totally different from what has been posted in the past? What if the equity of the firm is significantly lower than what has been reported?


Possible. Just last year that German company called Wirecard was discovered to have an imaginary $2 billion cash in its books. And that is in a country that is supposedly with better financial markets oversight. Very possible.



31st August 2021 will be a day to behold....A buying price of sub-4 is worth the risk. Its either you eat or be eaten


Sub 4.0 is here with us. I think sub 2.0 could be a better deal



As a buyer 2>4 any time! Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Receptor
#85 Posted : Friday, August 20, 2021 2:59:53 PM
Rank: Member


Joined: 7/1/2019
Posts: 119
McGill wrote:

Sub 4.0 is here with us. I think sub 2.0 could be a better deal


Sad situation.


hehehehe.....the bad news is being priced-in. The muhindis have been cooking books all along. However, sub-2 is worth the risk.
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Metch
#86 Posted : Wednesday, August 25, 2021 11:24:52 AM
Rank: Member


Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Receptor wrote:
McGill wrote:

Sub 4.0 is here with us. I think sub 2.0 could be a better deal


Sad situation.


hehehehe.....the bad news is being priced-in. The muhindis have been cooking books all along. However, sub-2 is worth the risk.

We are in murky waters. Not even a profit warning?!
If the news is as bad as feared- some people should be looking at jail time.
Start!
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maka
#87 Posted : Wednesday, August 25, 2021 2:10:12 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Metch wrote:
Receptor wrote:
McGill wrote:

Sub 4.0 is here with us. I think sub 2.0 could be a better deal


Sad situation.


hehehehe.....the bad news is being priced-in. The muhindis have been cooking books all along. However, sub-2 is worth the risk.

We are in murky waters. Not even a profit warning?!
If the news is as bad as feared- some people should be looking at jail time.


Not in Kenya my friend... Slap on the wrist from CMA as usual. The CMA that Dande is having a field day with taking them round in circles...Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
possunt quia posse videntur
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littledove
#88 Posted : Wednesday, August 25, 2021 3:08:50 PM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
maka wrote:
Metch wrote:
Receptor wrote:
McGill wrote:

Sub 4.0 is here with us. I think sub 2.0 could be a better deal


Sad situation.


hehehehe.....the bad news is being priced-in. The muhindis have been cooking books all along. However, sub-2 is worth the risk.

We are in murky waters. Not even a profit warning?!
If the news is as bad as feared- some people should be looking at jail time.


Not in Kenya my friend... Slap on the wrist from CMA as usual. The CMA that Dande is having a field day with taking them round in circles...Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

may be alot of siphoning happened, remember imperial bank, nakummat, arm etc they were all providing financial results regularly as required by law and by look of thing everything was very ok
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Ericsson
#89 Posted : Wednesday, August 25, 2021 4:40:18 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
maka wrote:
Metch wrote:
Receptor wrote:
McGill wrote:

Sub 4.0 is here with us. I think sub 2.0 could be a better deal


Sad situation.


hehehehe.....the bad news is being priced-in. The muhindis have been cooking books all along. However, sub-2 is worth the risk.

We are in murky waters. Not even a profit warning?!
If the news is as bad as feared- some people should be looking at jail time.


Not in Kenya my friend... Slap on the wrist from CMA as usual. The CMA that Dande is having a field day with taking them round in circles...Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


CMA died a long time ago,you are on your own in the NSE
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Metch
#90 Posted : Wednesday, August 25, 2021 5:27:01 PM
Rank: Member


Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Ericsson wrote:
maka wrote:
Metch wrote:
Receptor wrote:
McGill wrote:

Sub 4.0 is here with us. I think sub 2.0 could be a better deal


Sad situation.


hehehehe.....the bad news is being priced-in. The muhindis have been cooking books all along. However, sub-2 is worth the risk.

We are in murky waters. Not even a profit warning?!
If the news is as bad as feared- some people should be looking at jail time.


Not in Kenya my friend... Slap on the wrist from CMA as usual. The CMA that Dande is having a field day with taking them round in circles...Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


CMA died a long time ago,you are on your own in the NSE

So sad. Anyway, in a few days we'll see the latest acrobatics. Maybe even another delay. No one fears no one
Start!
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littledove
#91 Posted : Thursday, August 26, 2021 12:24:59 PM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
3.50! foreigners are exiting in numbers
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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VyaBureSiachi
#92 Posted : Tuesday, August 31, 2021 4:36:09 PM
Rank: New-farer


Joined: 2/27/2018
Posts: 56
Location: Cambrian Dc
Today was d-day, what happened? Anyone with info?
If the radiance of a thousand suns were to burst at once into the sky that would be like the splendour of the mighty one.
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VituVingiSana
#93 Posted : Tuesday, August 31, 2021 5:38:53 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,098
Location: Nairobi
VyaBureSiachi wrote:
Today was d-day, what happened? Anyone with info?

Not yet midnight Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#94 Posted : Wednesday, September 01, 2021 5:56:20 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
VyaBureSiachi wrote:
Today was d-day, what happened? Anyone with info?

Not yet midnight Laughing out loudly Laughing out loudly Laughing out loudly


Loss from continued operations ksh.1.7bn
Profit for the year ksh.382.8mn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VyaBureSiachi
#95 Posted : Wednesday, September 01, 2021 8:02:22 AM
Rank: New-farer


Joined: 2/27/2018
Posts: 56
Location: Cambrian Dc
Ericsson wrote:
VituVingiSana wrote:
VyaBureSiachi wrote:
Today was d-day, what happened? Anyone with info?

Not yet midnight Laughing out loudly Laughing out loudly Laughing out loudly


Loss from continued operations ksh.1.7bn
Profit for the year ksh.382.8mn

Thanks. Bad but not entirely terrible. I was expecting a restatement of previous years.
If the radiance of a thousand suns were to burst at once into the sky that would be like the splendour of the mighty one.
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Receptor
#96 Posted : Wednesday, September 01, 2021 8:36:56 AM
Rank: Member


Joined: 7/1/2019
Posts: 119
VyaBureSiachi wrote:

Thanks. Bad but not entirely terrible. I was expecting a restatement of previous years.


The muhindis have been vindicated. When is Half year 2021 results due?
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VituVingiSana
#97 Posted : Wednesday, September 01, 2021 6:08:22 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,098
Location: Nairobi
VyaBureSiachi wrote:
Ericsson wrote:
VituVingiSana wrote:
VyaBureSiachi wrote:
Today was d-day, what happened? Anyone with info?

Not yet midnight Laughing out loudly Laughing out loudly Laughing out loudly


Loss from continued operations ksh.1.7bn
Profit for the year ksh.382.8mn

Thanks. Bad but not entirely terrible. I was expecting a restatement of previous years.
The "loss" seems primarily related to write downs of acquisitions which is understandable in this economic environment. We have seen FV losses for many firms including Centum.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Magnetic Touch
#98 Posted : Friday, September 03, 2021 2:45:06 PM
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Joined: 12/31/2008
Posts: 90
@VVS, the market seems to have digested the news and has been sufficiently reassured.
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Elephant Man
#99 Posted : Thursday, September 09, 2021 10:41:37 AM
Rank: Member


Joined: 12/24/2008
Posts: 112
Is a share buy-back loading as is currently happening with WPP stock on London's Stock Exchange?

Or a buy-out and delisting of minorities as they did in Australia earlier this year?
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VituVingiSana
#100 Posted : Friday, September 10, 2021 8:38:52 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,098
Location: Nairobi
Elephant Man wrote:
Is a share buy-back loading as is currently happening with WPP stock on London's Stock Exchange?

Or a buy-out and delisting of minorities as they did in Australia earlier this year?
Eitehr way, Thakrar is winning! His stake is up 40% since the results were announced.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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