Up on relatively strong bid rumours in the press for all or part of ITV... |
It looks like goldfingers prediction of the share price hitting 80p in quick time ⏲ is absolutely spot on! What's the latest, goldfinger?
spud |
Completely agree with you Marks. Always very important to hear the bear case if you’re a bull and vice versa. |
Huckers
I think the market cap is effectively valuing linear at zero or even negative.
I think AI is making a reasonable case, whether you happen to agree is what makes a market
I do wish that anyone who posts a negative view wasn't immediately called out as being a shorter or, a paid de-ramper as if posting on Advfn, anonymously, had any bearing on anything. |
Huckers , excellent post on the ITV debt situation , thank you. |
This might give the markets a boost...
Summary
Trump says US making progress in talks with Russia on ending war in Ukraine
Kremlin spokesman neither confirms nor denies report
Putin says willing to discuss, but not giving up land
Zelenskiy to Trump: 'Let's do a deal' |
The opening 30 minutes certainly look like there might be legs in the stories. |
Something this week |
I like their tough stance on people getting into their country and crack down on anti-social behaviour. The main road past our hotel had five lanes going through (onw way) and a really wide walkway where there were no skate boards, cyclists or joggers allowed. It was spotless as was their underground system. And at £15 a pint you don't see many drunks walking around ;-) |
tiobs2: Signapore got rich by (a) making itself independent from the rest of Malaysia and (b) right wing dictatorship allowing mass migration of very wealthy people and (c) migration of guest workers (poor people) to do the work...
I guess that is a sort of brexit followed by 10 years of Conservative rule and mass migration... It didnt seem to work for us
NEXT |
Well three weeeks r&r in the far east and come back to no takeover news or even further chapters of ripping yarns and goldfingers deal done but not dusted best seller ;-)
If Starmer wants to see how to build a secure and safe country with a booming economy he needs to head off over to Singapore to see how the professionals do it. Failing that resign and let somebody else sort this embarrasing farce in the UK out !!! |
redbird in the wings |
At this point of time ITV, is at a pivotal stage, and any decisions taken now can have unintended consequencies, like the buying of One3media, which turned out to be fruitless, and now Redbird are trying to offload to some other sucker.
Let's imagine you are running ITV, would you get involved with any party at this time of major change in the entertainment business? NO, because steady as she goes, is in my opinion the best option.(Which the Labour party should heed)
As soon as 51% of shareholders agree to take ITV "private", there will be 100p on the table, which is reasonable in my opinion.
It's bad enough to convince 51% to agree, but nearly impossible after any "merger". |
ITV have a Euro 360m bond due September 2026 @ 1.375%. And a Euro 500m bond due June 2032 at 4.25%. A total of Euro 850m (£716m) at an average coupon of 3.05%. That's their gross debt. It is not onerous.
I think there are definite concerns about the advertising outlook and even the production side in the near term. But to assign zero value to linear/ITVX is silly. |
I doubt idiot even knows how to short a share. He's most likely one of those sad posters who hasn't much money to invest so slags off stocks because he wants to see investors lose money because he can't make any himself.
spud |
Idiot has a short position vs ITV.
DYOR. |
Butler is right, idiot. You can watch programmes on these streaming channels at anytime you want so they're not going up against each other. 🙄
spud |
The advertisers will go where the viewers go !
Simples. |
thebutler. Of course they are in competition with Netflix....for the viewers ! |
Yes, that is the case.
Net debt H1 2023 was £724m
Net debt H1 2024 was £515m
This is taking into account the proceeds of the sale of Britbox.
As buybacks increase net debt will head back up towards the £700m again.
As you say not a problem but it'll be the headline on FY results day come next month if the markets decide they want to paint a negative picture of those results. |
I think we're all in agreement that American Idiot hasn't a clue what he's talking about. Indeed net debt is fairly low with a gearing ratio of less than 25%.
And to claim there's not a lot of value in ITVX is absurd. They're not in competition with the likes of Neflix, they're very much operating alongside them. The last time I looked I could watch both ITVX and Neflix, they're not mutually exclusive, so maybe Idiot hasn't mastered his TV remote yet? |
Wsb…I would think the proceeds from Britbox would have been calculated to the balance sheet upon completion (On the set of results that followed completion) and then X amount deducted once spent on the buy backs would show in future accounting periods.
It’s hard to type on a smartphone and haven’t the time to read previous sets of accounts to see if this happened. |
Hey AI, why do you say ‘ Net debt to rise as ITV spend the £235m proceeds from the 50% disposal of Britbox on share buy backs
?
There is no relationship between these 2 things yeah?
The buyback is fully funded by the sale proceeds of britbox- no debt increase.
And itv has a great debt to asset ratio - their net debt is in a falling arc as can be seen on sites that track this over time.
Debt is NOT a concern here.
Classic case of diamond hands required I think if multiple co’s want a piece of this pie - let it play out before taking the first offer
To the Moon!
Hans |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
