Itv Share Discussion Threads

[marksp2011] 21/5/2024 18:44

"There is zero evidence whatsoever that they are in league with Malone". I doubt you would know or that they would provide evidence if they were :)

I do not share the view that the playing field is level and that everyone discloses when they should.

I don't altogether follow why she launched a massive buyback and it is massive in relation to the float on the shares. How do they think they will complete it?

Similarily I don't follow the lack of market reaction to the buyback and the positive results - a 20% retrace of the caning the shares took following her (and the FD) foot-in-mouth presentation at the results 2 years ago.

Re a takeover.who will sell and at what price? To buy, you would need to persuade block holders to pledge to your cause. Malone is there - if he is neiether buyer nor seller that is a bit of a discouragement

[jonnybig] 21/5/2024 18:30

Let me just say that goldfinger is worth his weight in gold (pardon the pun!) on here, Jim 👍

spud

[jimbull] 21/5/2024 18:14

Good one Johnnyb, are you getting info from Goldfinger?

[netcurtains] 21/5/2024 18:10

MattH: The Key phrase in my post actually was NOT "I think"
but rather:
"you definitely can make vague offers for a company without it being made public"

Google says this:
"As soon as the bidding company can confirm it has the financial means to complete the deal it has to tell the market"

This confirmation of the cash to buy the company obviously can literally be YEARS after a vague offer (or never)......

[jonnybig] 21/5/2024 18:01

Share buyback volume back to normal, EXACTLY AS I SAID WOULD HAPPEN! Hats off to jonnybig! 😁

spud

[bigegoadvfn] 21/5/2024 17:45

ITV Buyback Analysis ( 13.9% complete )

And off we go again...

[matthewr1] 21/5/2024 17:35

“Overview of key MAR requirements
As is currently the case under Chapter 2 of the Disclosure and Transparency Rules (DTR 2), companies will be required to disclose inside information directly concerning them to the market as soon as possible. Inside information that has been publicly disclosed must also be posted on the issuer’s website for a period of at least five years (this is longer than the one year period currently required under DTR 2).“

She’s not sitting on any bid , sorry to disappoint.

[stansmith1] 21/5/2024 17:19

one of the plebs should pick up the itv jobs cut story and post it on the pleb board

[matthewr1] 21/5/2024 17:09

Netcurtains … key phrase you used was “I think”. Ie you don’t know. So you’re guessing (incorrectly).
There is no bid nor stake building for all the reasons I’ve given you ad infinitum.

[matthewr1] 21/5/2024 17:06

Jimbull , fair question : “why are the shares trading sideways despite good results?”
My answer would be that the shares had a very good move up from the high 50s already and that there are plenty of reasons to still be fearful of the UK (as per new shorts being added). Things like the high number of mortgages ending on cheap deals and the resulting destruction of wealth as people are forced to remortgage at 4-5% vs last 15 years 1-2%. Or the continued stagnation of post Brexit UK plc… these are not my opinions rather bear cases for you to consider.

[matthewr1] 21/5/2024 17:01

Royston , silchester added to a pre-existing position to go to 5%.
Silchester has two separate strategies , one is a ‘value fund’ that buys undervalued shares holding for the long term. That’s the one in play here. They are also ‘activistsR17; that agitate for change , I believe that’s not in play here.
There is zero evidence whatsoever that they are in league with Malone , who has done approximately zero with his stake for circa 10 years. It’s absolute , total , made up BS. Ask yourself this question. Why would an established fund buy a stake on behalf of or in league with a significant player in the industry with the regulatory scrutiny that would entail? Why does he need them (answer , he doesn’t)?
GF is baby reindeer , playing on what he thinks you want to hear… anyway I’ll give him till June 14th seeing as ‘the finishing touches on the bid are being put together.’

[jimbull] 21/5/2024 14:25

Huckers MAR stands for Manipulative Antics by Rogues!

You are right tlobs, something is definitely amiss. Perhaps MetthewR could explain why this is so depressed after good numbers?

[huckers] 21/5/2024 14:22

I dropped ITV investor relations a short email enquiring about the buy back programme and I have just received this response:

"We briefly stopped the buyback programme because of the share price performance following our Q1 trading update and the regulatory price cap under MAR. The programme resumed yesterday."

Anyone know what MAR stands for?

[tlobs2] 21/5/2024 14:02

Who said that this price was being manipulated to hold it down to around 75p?Given the last trading update this should be flying. The undercover working on the dark side are at work here clearly.Who reigned in the share buy back program and why ??

[stansmith1] 21/5/2024 13:57

When will the claims of obvious manipulation from the plebs start again, first port of call when share price doesnt go up in a straight line.

[netcurtains] 21/5/2024 13:20

you definitely can make vague offers for a company without it being made public... Firms must get offhand offers the whole time. Like down the pub, If I buy it for £2B - would you be interested?
Its only when they start buying shares or calling accountants in (or similar) that I think they have to make it more serious.

[institutional investments] 21/5/2024 13:17

Not looking to too good for ITV out there. Seems like it's being traded in a new world now

[royston6] 21/5/2024 13:12

MattewR I do not agree with your posts calling Goldfinger a liar. As I read it it was a re-post from last March and I couldn't see any falsehoods. Regarding the other points you made, didn't Silchester insidiously grab 5% of ITV without being tumbled.

From February 27th 2024.

London-based asset management firm Silchester International Investors has built a 5% stake worth around £120m ($152m) in ITV, the UK’s largest commercial television broadcaster, according to a report by Morningstar citing regulatory filings.

The stake makes Silchester, which was founded in 1994 and focuses on international equity investments, ITV’s seventh largest shareholder, behind telecommunications company Liberty Global (9.83%) and asset managers Brandes Investment Partners (5.83%), RWC Asset Management (5.63%), Schroder Investment Management (5.2%), Artemis Investment Management (5.1%), and Threadneedle Asset Management (5.07%).

Shares in ITV fell 1% yesterday, having lost 33% of their value in 2023.

ITV was launched under the name Independent Television in 1955, with the aim of challenging the BBC’s monopoly at the time. Its revenue comes from ad sales and the production of shows that are then sold to other broadcasters.

The broadcaster has struggled in recent years as viewers increasingly favour streaming services. Revenue from its studio business has increased, however, due to shows such as Love Island, Come Dine With Me and the 2024 drama Mr Bates vs the Post Office, which covers the UK’s Horizon post office scandal, with its first episode drawing in 9.2m viewers, according to a report by The Telegraph.