Itv Share Discussion Threads

[1dirtysteve] 03/4/2024 15:27

Chart looks good for 90p by end of April. Maybe sooner.

[huckers] 03/4/2024 15:19

235m as a fraction of the market cap is a big pot to spend on buybacks and they are constrained by the pace they can spend it, especially as the average daily volume traded in ITV is low.

[stansmith1] 03/4/2024 15:09

kelso

why wouldnt i be correct about the buy back, ive been correct about everything else....;)

[stansmith1] 03/4/2024 15:07

Thats the plan - the threat of the buy back is much more important, once the share price gets to a decent level it will taper off...job done

[kelso29] 03/4/2024 14:55

If anyone wants to read the Fitch rating, you just need to Google "ITV Fitch Rating".
It basically gives a good summary of ITVs business, its prospects going forward and why we are invested here. Their figures aren't totally accurate though eg they have calculated that dividends in 2 years time will cost the company £180m which implies the buyback is 10% of the share capital. Well they are going to need a lot more than £235m to buyback 10%!
Maybe Stan on the other thread is correct saying that the company has no intention of spending £235m on buybacks, as I said before I've never known buybacks to last 18 months.

[blackhorse23] 03/4/2024 13:53

RNS everyday for buying back

[stansmith1] 03/4/2024 13:49

In place completely different to actually carrying through with it.Do you believe the stated reasons for it?

[blackhorse23] 03/4/2024 13:43

https://www.dividendmax.com/united-kingdom/london-stock-exchange/media/itv/dividends

[blackhorse23] 03/4/2024 13:43

Buy back in place currently

[stansmith1] 03/4/2024 12:32

Oh...you think they are going to go through with the buyback....

[blackhorse23] 03/4/2024 12:06

I think it will go over 116p as predicted by brokers. Dividend & 235 million pounds share buy back attached to this share price. Buy back hasn't started properly apart from very little buying for treasury

[bargainsniper] 03/4/2024 11:45

Hope so, it's about time

[blackhorse23] 03/4/2024 10:22

Looking bullish

[geckotheglorious] 03/4/2024 08:38

Rich coming from you Johnnybig.

I'm also well aware that I do not know it all.

[jonnybig] 03/4/2024 08:30

Oh look, another Mr Know It All who actually knows nak all!

spud

[jonnybig] 03/4/2024 03:21

Can any bluey out there please vote down Matthew's posts as he makes stuff up as he goes along!

spud

[jagworth] 02/4/2024 19:27

2023 Annual Report
Reported net debt £553m etc

“Credit ratings
We continue to be rated investment grade by two rating agencies. Our current ratings are BBB‑ (stable outlook) by Standard and Poor’s and Baa3 (stable outlook) by Moody’s
Investor Services. The factors that are taken into account in assessing our credit rating include our degree of operational gearing and exposure to the economic cycle, as well as business and geographical diversity.”

[royston6] 02/4/2024 19:11

Mattr, whenever I read a link and there was a link to the piece, I always check it's date, the Fitch report was dated 28th March so it was fresh off the press.

I doubt that the report on it's own will send the share price rocketing, but the poster goldfinger often seems to follow up with stuff, well he used to be more prolific.

[matthewr1] 02/4/2024 18:59

Royston , I’ve thought about it and I’ll cede a little ground. There are instances where a credit agency report could move a share price. For example for a very heavily indebted company or indeed zombie company. Getting a clean bill of health (or not) could clearly move a distressed share price and relieve a bear case of breaching banking covenants, as an example.
However , ITV has no significant debt and certainly not a problem, I think its debt coverage is something like one times earnings so very comfortable. Therefore a credit agency report into its debt position is still irrelevant Im afraid.

[matthewr1] 02/4/2024 18:36

Royston , thanks for the information regarding the credit agency reform act , and indeed they very much needed to clean up their act. However. I traded UK and European equities on behalf of some of the worlds largest asset managers and hedge funds at Merrill Lynch up to 2016 and then elsewhere for 2 years. Credit agencies are followed in credit , sovereign debt etc , but not in the slightest in equities. Irrelevant.
Now ask yourself these questions please.
I haven’t read the fitch report , but going by the snippet that was posted , was it new or px sensitive , or rather just an explanation that was 18 months old as to why ITVx was launched?
Secondly , you say it’s really important. If it was , what should the shares have done today?

[royston6] 02/4/2024 18:23

Gecko, maybe in your world!

If it matters too much in regard to the reason I posted, it was always the big three as far as I go back, but in the last few years Fitch have cleaned up on the awards scene. Who are best or worst among them is your choice.

But back to basics and Mattr's post, if these ratings by Fitch don't mean anything to anybody, why do the top boys pay Fitch.

[geckotheglorious] 02/4/2024 17:45

Royston
City side I was under the impression that it was always the big two - S&P, Moodys. And that Fitch was an also ran outsider. Certainly was the case back in 90s,noughties CDS//Structured Credit side.

When did that change?