March 2021
Stock I'm watching this month:-
WPP - WPP AUNZ LtdSector: Telecommunications
Market Cap: 575.2 Mil
Price/Earnings: N/A
Price/Book: 1.77
Return On Equity: -36.25%
Return On Assets: 2.25%
Debt/Equity: 46.68%
Reasons to watch: WPP AUNZ provides marketing, content and communication services in Australia and New Zealand. It's services include media, content, advertising, public relations, branding, etc. Global holding company WPP launched a take over at $0.7 a share. Pricewaterhouse Coopers has assessed the company fair value between $0.62 and $0.80 a share.
Risk: The WPP board has recommended shareholders to accept the takeover. If there are no other offers on the table, the share price will likely be capped at $0.70 a share.
Sentiment: Hold
Disclosure: Held
Current Price: $0.66
My Strike Price: $0.6 (Morningstar Intrinsic Value: $0.75)
Disclaimer: This does not constitute any financial advice or stock recommendations. As always, Do Your Own Research.
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