From Cazenova just now .... DYOR .... but quick :)

WPP - upgrade to OUTPERFORM - interims due 26 Aug which we expect to be strong, reflecting gd Q2 fig's already reported by peers. We see potential for EPS upgrades of up to 5%-10% N/T (combination of top line, margin & US$). L/T we expect EPS growth of up to 17%-18% pa before maturing at 11%-12% pa. Key risks are (1) further M&A (2) prem valuation (17.1x 06 EPS before any upgrade), representing a 31% prem to UK mkt & 33% to UK media sector. Despite this we still believe it has room to outperform. Our DCF valuation gives 760p, 28% upside from here.

I'm out of these guys. I'm severely disappointed with the sp reaction to last week's results and whilst the sp may move north again there's not anything going to propel it faster than a turtle in treacle. There's much better value to be had for my 's elsewhere. Good luck to all holders.

Daws hi,

Nice one, thanks :)

Cheers,
PM

Queen Hi,

Bounce at 560 ....

Cheers,
PM

Queen1,

Good luck with your other investments, think we'll bounce soon and resume our upwards trend. Although the sp reaction to the results hasn't been good, the results were very good.
Paul - think we may start our bounce tommorrow:

WPP Group PLC
31 August 2005



WPP GROUP plc ('WPP')





WPP announces that on 31 August 2005 it acquired 400,000 of its own ordinary
shares of 10p each for cancellation. The shares were acquired at a price of
571.6109p per share.


This information is provided by RNS
The company news service from the London Stock Exchange

The company always buys its own shares when they are cheap, which imho is now.

Daws

Daws Hi,

Your right about the buyback, although I think the bounce actually happened this afternoon :)

Cheers,
PM

Don't know what that chart is all about, but the stock closed at 572/573. Hardly a bounce, more like a twitch.
Still in, (fool that I am!) and hoping for better things.

pth

PTH Hi,

The bounce at 3:45 looks like the one to me, we will see tomorrow I hope :)

Cheers,
PM

Pth - lol! 3 fools we could start a club...

Hey hoe people! More good news me thinks, Australia is one of the faster growing areas in communications services. Along with buying our own shares back yesterday, the deal with Abacus, the deal today and a cracking set of results we should be seeing a lot more blue... (famous last words).

Daws




WPP Group PLC
01 September 2005


For Immediate Release 1 September 2005

WPP GROUP PLC ('WPP')

Acquires outstanding 70% of TCG in Australia

WPP announces that it has acquired the remaining 70% of the issued share capital
of The Communications Group Holdings Pty Ltd ('TCG'), the third largest
advertising and marketing services company in Australia.

TCG's businesses include George Patterson Partners, Zenith Media, Ideaworks,
Professional Public Relations, Media Puzzle, Generator Bates NZ, HMA Blaze,
Underline Fitch, 20/20 Brand Action and Patts Digital. TCG's clients include
major Australian brands and companies in the financial, fmcg and services
sectors.

TCG reported revenues of A$131 million for the year ended 30 June 2005 and had
consolidated net assets of A$16.6 million at that date.

The various TCG businesses will be integrated into Young & Rubicam Brands in
Australia, with Zenith Media joining WPP's GroupM network.

Young & Rubicam Brands businesses include Y&R, The Campaign Palace/Red Cell,
Burson-Marsteller, Landor and Sudler & Hennessey. Young & Rubicam Brands clients
include leading Australian corporations, Government organisations and blue chip
multi-national companies.

This investment reinforces WPP's comprehensive communications services offer and
continues the Group's strategy of developing its networks in important and
faster growing sectors and markets.

For further information please contact:

Feona McEwan 44-20 7408 2204
WPP London

Hamish McLennan
Young & Rubicam, Sydney 612- 9931 6035
61 410 501 005




This information is provided by RNS
The company news service from the London Stock Exchange

Seems like nothing is going to stop the slide in this pile of shite Daws. Lost count how many consecutive red days we have had since the results. Or did we have a 1p rise yesterday? Won't be long before it's lost 10% of its value in just two weeks.
Bet you can't tell I'm pissed off!

pth

Best thin to do is short it! Bound to reverse then.

Pth,

know what u mean, my postions is looking porley at the mo. Looking back, it would of been a wise move to sell out on results day. On the positive side we've not had any bad news, we've actually had 4 bits of good news since! I'm still prepared to sit on these for a while as i don't see any reason for the slump...

Daws

The buy back continues...

WPP Group PLC
01 September 2005



WPP GROUP plc ("WPP")





WPP announces that on 1 September 2005 it acquired 500,000 of its own ordinary
shares of 10p each for cancellation. The shares were acquired at a price of
571.1265p per share.


This information is provided by RNS
The company news service from the London Stock Exchange

Another crap day! more shares bought back though.

WPP Group PLC
02 September 2005



WPP GROUP plc ('WPP')





WPP announces that on 2 September 2005 it acquired 500,000 of its own ordinary
shares of 10p each for cancellation. The shares were acquired at a price of
564.2709p per share.


This information is provided by RNS
The company news service from the London Stock Exchange

Hi All,

Cazenova sent out a note today, saying they expect underperformance of the share price to reverse very quickly.

I know all analysts don't concur on this one, but the value IS there, it's just a case of waiting for the market to realise it.

Cheers,
PM

Well, at least the bugger stopped going backwards today!

WOW - up over 1 % i'm starting to feel light headed lol

Well folks, thats me out! If i had the time to wait i'm sure wpp would get back up to the 600 mark in the coming weeks. Have re used cash to fund a more risky punt, in PET.

Best of luck,

Daws

Daws Hi,

Might be an 'oooops' from you soon ....

Morgan Stanley has upgraded its rating for WPP Group to overweight from equal-weight with a 625p price target, raising estimates.

Cheers,
PM

'bout time this dawg started going in the right direction again. Hope it can maintain the rise tomorrow.

pth