Previous Close | 0.6900 |
Open | 0.6400 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's Range | 0.6400 - 0.6400 |
52 Week Range | 0.4520 - 1.8410 |
Volume | |
Avg. Volume | 77,232 |
Market Cap | 369.594M |
Beta (5Y Monthly) | 0.89 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.0100 |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
S4 Capital plc ( LON:SFOR ) has rebounded strongly over the last week, with the share price soaring 31%. But only the...
Martin Sorrell forecast another tough year for S4 Capital after the ad group's core earnings fell 25% in 2023, reflecting a reluctance from its tech-heavy clients to spend and few new business wins. Shares in S4 Capital, which hit 878 pence in September 2021, fell 11% to 40 pence in early deals on Wednesday, valuing the company at 230 million pounds ($290 million). S4 said its content business was hit in the second half by lower spending by tech clients, while trading in its data & digital media unit had deteriorated as the year had progressed, and growth in technology services had slowed significantly.
Martin Sorrell's ad group S4 Capital reported a 25% drop in core earnings in a "difficult" 2023, reflecting a reluctance from its clients to commit to larger projects and a tough year for new business. The group said it expected its clients to remain cautious in the short term as it forecast another fall in like-for-like net revenue in 2024 and earnings broadly around the same level as 2023's 93.7 million pounds ($118.2 million).