Market's view on Advancedadvt
Published on April 2024
- ADVT’s strong balance sheet with £101.4m in assets supports potential future acquisitions, focusing on synergistic mergers and acquisitions.
- ADVT holds 12 million shares in the advertising company Saatchi, acquired for £24 million in January 2022, and has £78m in cash, not including the M&C holding.
- The share price of 140p for ADVT includes approximately 60p in cash and 16p attributable to the holding in SAA.
- ADVT’s holding of SAA shares is experiencing significant trading volume.
- Market activity includes multiple trades at 143p, and there’s an expectation of further buying at this price level despite the current trading pattern.
- Artemis has slightly reduced its stake in ADVT from 8.07% to 7.96209%.
- The company’s use of its substantial cash reserve is anticipated as a critical next step in adding value to its operations.
- Leadership is recognised as strong, with Vin Murria noted for effective management and strategic foresight, suggesting potential strategies involving Private Equity and US market dynamics.