Yeah, their 'shop window' isn't great eh..but they seem to be doing the business inside. New CEO takes his post today (welcome aboard Ian ) and they should probably have their annual results out around the end of this month.
It'll be interesting to see what (if any) progress has been made in the new San Fransisco office where Raj Chauhan is head-honcho. They seem to be doing ok in the new UK offce according to their Twitter feed and Facebook page.
Quarter to 30 june shows less capex spend than anticipated but indicating higher spend for the next 4 quarters ('at least') - wining & dining prospective clients no doubt.
A couple of encouraging points are both the growth in SME business' spend on advertising as a 'must-have' plus with many miners falling out of favour, investors are considering other avenues of growth.
Main client Carsales are very pleased with their own growth in advertising revenue (ticker CRZ, see their FY results released last month) to the point where they're also giving a special divi.
Thanks for the charts rjm. I've overlaid a couple of other media firms and the trend does seem to be encouraging, though as I say, cash-burn from the $13-odd-million in the coffers will be eaten into quite heavily. I'm not expecting them to make another cash-call to investors but who knows..
WFM Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
