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WPP ScanGroup Plc FY 2019
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Elephant Man
#71 Posted : Saturday, May 01, 2021 8:13:55 AM
Rank: Member

Joined: 12/24/2008
Posts: 112
WPP-Scangroup claim to be the largest marketing and communication group in sub-Saharan Africa.

Is it not a poor show then, that they are yet to release their FY 2020 financials? Or even inform stakeholders of a delay? Or a progress report on their investigations into the conduct of Bharat and Satya, who btw is still listed on their website as Scangroup's CFO? Was his suspension lifted?
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Ericsson
#72 Posted : Saturday, May 01, 2021 11:21:09 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Elephant Man wrote:
WPP-Scangroup claim to be the largest marketing and communication group in sub-Saharan Africa.

Is it not a poor show then, that they are yet to release their FY 2020 financials? Or even inform stakeholders of a delay? Or a progress report on their investigations into the conduct of Bharat and Satya, who btw is still listed on their website as Scangroup's CFO? Was his suspension lifted?



Don't expect anything good from this one in the FY2020 financials.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Elephant Man
#73 Posted : Saturday, May 01, 2021 1:45:17 PM
Rank: Member

Joined: 12/24/2008
Posts: 112
Hope they consider share buy back kama uko majuu...
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smitha
#74 Posted : Friday, May 07, 2021 9:13:28 AM
Rank: New-farer

Joined: 6/10/2013
Posts: 52
WPP takeover loading ...buy out the "pesky" minorities as they did in Australia recently https://www.businessdail...angroup-results-3390704

You are either in or out when (and if) it is announced.
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Ebenyo
#75 Posted : Friday, May 07, 2021 10:03:11 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Elephant Man wrote:
WPP-Scangroup claim to be the largest marketing and communication group in sub-Saharan Africa.

Is it not a poor show then, that they are yet to release their FY 2020 financials? Or even inform stakeholders of a delay? Or a progress report on their investigations into the conduct of Bharat and Satya, who btw is still listed on their website as Scangroup's CFO? Was his suspension lifted?




He is being investigated for financial impropriety
Towards the goal of financial freedom
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Metch
#76 Posted : Monday, August 02, 2021 10:35:42 AM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Ebenyo wrote:
Elephant Man wrote:
WPP-Scangroup claim to be the largest marketing and communication group in sub-Saharan Africa.

Is it not a poor show then, that they are yet to release their FY 2020 financials? Or even inform stakeholders of a delay? Or a progress report on their investigations into the conduct of Bharat and Satya, who btw is still listed on their website as Scangroup's CFO? Was his suspension lifted?




He is being investigated for financial impropriety


FY results delayed again to 31st Aug. Seems we'll get FY and HY together.
Meanwhile the stock continues to slide
Start!
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Ericsson
#77 Posted : Monday, August 02, 2021 2:58:49 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Metch wrote:
Ebenyo wrote:
Elephant Man wrote:
WPP-Scangroup claim to be the largest marketing and communication group in sub-Saharan Africa.

Is it not a poor show then, that they are yet to release their FY 2020 financials? Or even inform stakeholders of a delay? Or a progress report on their investigations into the conduct of Bharat and Satya, who btw is still listed on their website as Scangroup's CFO? Was his suspension lifted?




He is being investigated for financial impropriety


FY results delayed again to 31st Aug. Seems we'll get FY and HY together.
Meanwhile the stock continues to slide

Another carcass loading
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Receptor
#78 Posted : Thursday, August 05, 2021 3:27:23 PM
Rank: Member

Joined: 7/1/2019
Posts: 119
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?
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McGill
#79 Posted : Thursday, August 05, 2021 7:27:31 PM
Rank: Member

Joined: 8/1/2019
Posts: 106
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.
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Much Know
#80 Posted : Thursday, August 05, 2021 7:59:37 PM
Rank: Elder

Joined: 12/6/2008
Posts: 3,579
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.

She(nse) sells shells by the sea shore.
Ras Kienyeji Man
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