Itv Share Discussion Threads

[spacedust] 24/6/2024 08:35

Engerland will once again flop in the euros when we play a decent side.

[jonnybig] 23/6/2024 22:00

FANTASTIC to see the jocks knocked out of the euros!

Hopefully if nige gets in, we can have a referendum for England to rid ourselves from massive liabilities Scotland, Wales and Northern Ireland. Independent England!!!!!!

spud

[marksp2011] 23/6/2024 20:09

That is why I bought these I have written twice to the senior NED asking what ITV is for?Is it a social enterprise designed to give jobs to staff or is it a commercial enterprise owned for the benefit of is shareholders.If the latter then, the Company should split itself and give the value to shareholders before PE does it and does the same but with them pocketing the value released.Despite using snap mail and addressing direct, I never received a reply.

[stansmith1] 23/6/2024 19:42

omfgthe plebs really have no idea why the share price is rising

[1dirtysteve] 23/6/2024 19:19

Interesting open tomorrow. Can it continue the momentum? Can stinkyfingers buyer keep it going to 85+. Or will it be another false dawn?

[thebutler] 23/6/2024 18:41

Still laughing my head off at Matthew thinking the dividend is automatically linked to the eps and changes accordingly. What a clueless tit! And funnier still he gets ticked up. PMSL!!!!!!!!

[tlobs2] 23/6/2024 12:59

Fingers crossed for a sustained period of buying over the next week that will hopefully take us through the 90p barrier, or takeover news that will eventually take us over 150p by the end of the year ;-)

[smurfy2001] 23/6/2024 12:34

Companies like Aviva and Barclays are not only buying their shares back but cancelling them. The dividend is increasing even though the company is not increasing the payment (due to less shares being in issue). That's my preferred approach, and with the wider market, the share prices have appreciated too. Win win.

It's too early to tell if ITV will do the same.

[stansmith1] 23/6/2024 11:49

sorry royston...had to filter you on account of your mix of arrogance and stupidity...but do keep posting, eventually you will add some value

[stansmith1] 23/6/2024 11:47

talking of plebs.....

[royston6] 23/6/2024 11:45

this was great as there were two bites at it, my portfolio at all time high and we still have a chunk of up cycle left to go…

Supertrader Stan.... Easy to say when you do 2 trades a year!!! LOL

Stan Laurel, don't you get sick of posting to an audience of one!!

[kelso29] 23/6/2024 10:26

Matthew1
Jonnybig is totally correct. Just because EPS goes up, this does not guarantee that dividends go up.
Fitch in their ratings review on 28/3/24 stated exactly the same, when they said that dividends would cost the company £180m in 2027 rather than £200m as of today (ie still 5p dividend but 10% less shares).
I covered this in my post number 7057.

[stansmith1] 23/6/2024 10:09

big egowe know all this, sum of the parts valuation was presented endlessly during the recession by the plebs instead of selling.....itv is heading back to 100p as it was always going go....the trick for the denying plebs is to learn the lesson for the next time, then you will see the economic cycle as the markets gift, rather than 18 months of being underwater....people who been through it multiple times tried to tell you what was happening.......and we know what happened :)this was great as there were two bites at it, my portfolio at all time high and we still have a chunk of up cycle left to go...why not tell the plebs who you really are?

[bigegoadvfn] 23/6/2024 09:10

ITV’s valuation case (Updated!)

In November 2022 Investors Chronicle published a great article by financial writer Jemma Slingo - that quoted calculations by “Thomas Singlehurst, head of European media equity research at Citigroup”.

It was the first time I had learned that the sum of ITVs parts might be greater than the ITV Group valuation, based on the full year results 2022.

So now the full year results 2023 are available I thought it would be interesting to try and recreate the calculation and see if it still stands up.

There are a couple of caveats to this.

Firstly an EV Factor Benchmark of 13.8 was used based on FL Entertainment at the time. Looking for the current EV Factor for FL / Banijay throws up a range of numbers around 12/13 or so (I’m sure Thomas has access to much better data than we do!) - so I’m just going to stick with the prior number for a simple comparison.

Secondly the calculation mentions ‘subtracting the relevant debt’ which is unclear however it looks like 623m was deducted which coincidentally was the 2022 net debt - but for the whole ITV Group not just ITV Studios - so again for a simple comparison I will use the net debt figure in the 2023 results of 553m.

Ok so now it’s just a simple calculation. In the first row of the image linked below I show the method to arrive at the original articles 74p value for ITV Studios.

And in the second row using 2023 results we get 85p.

So, caveats aside, in summary I think the original articles premise still holds:

“The conglomerate discount is now so acute at ITV that you don’t just get the broadcast business for free – you actually get it at a negative value,” argued Thomas Singlehurst.

[jonnybig] 23/6/2024 08:45

Here we go again, Matthew getting rude cos he's being exposed as stupid.

Just because the eps goes up following a buyback it doesn't mean the dividend goes up you idiot. I will continue to receive 5p dividend. For christs sake,,I despair, I really do!

spud

[stansmith1] 23/6/2024 08:16

isnt it ironic that the plebs can predict great things for the company from viewing figures to profits to takeovers based on hot air...but cant predict greater eps resulting from an actual factual event..(im talking about the buyback plebs)......i love that...not only that, they gang up and savage people for suggesting it....why is everyone else so quiet on the issue, allowing the plebs and pumpers to run riot....?