M&C Saatchi - £SAA 📺

Founded in 1995, this is a global advertising agency who have worked on the likes of Coca-Cola and BMW to name but a few.

It comes six weeks after the group, founded by Maurice and Charles Saatchi in 1995 and best known for its work with the Tory party, revealed it will book a £6.4million one-off charge in its 2019 results to cover past accounting errors.

TIL

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Dropped like a rock overnight. 50% down. FIFTY!

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A lot of uncertainty with MC&C Saatchi. Worth having a read of their Accounting review update, Trading update and Restructuring update.

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Seems like avoid this for the foreseeable future. Advertising is a risky sector at the best of times, so many players in that space.

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Fresh off the rumour mill, this popped up on my phone.

Obviously, “talk in UK adland” is not a solid data point for me, I’ve never seen this website before either, but troubled companies sometimes become acquisition targets. What are the opinions out there?

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