Itv Share Discussion Threads

[jimbull] 27/9/2024 18:25

bc4. Just read some of your childlike bad grammar posts and YAWN should be your username. What a tosspot!!!!!

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

ROFLMAO

[bigegoadvfn] 27/9/2024 12:42

I believe McCall has openly stated in previous interviews that ITV receives offers frequently but these would only formally make it past the Board and into the market / public domain if they were taken seriously. And that ITV prefer to focus on their own strategic goals and growth plans rather than pursuing such opportunities.

Hostile offers differ as these are presented directly to shareholders.

[stansmith1] 27/9/2024 12:19

delusionforthemany...lol at the dame is in on it....plebs running riot unchallenged again on the this is going up/takeover board...i think that board is actually worse than this one and that is saying something

[justiceforthemany] 27/9/2024 11:26

Any offer, no matter how hostile, should be declared in an RNS.
Check the shenanigans over at Direct Line earlier this year.
Cake Box also.
Very reluctant admissions that an offer had been made, only after Mark Kleinman and others revealed the scoop.
Happens all the time.

[bigegoadvfn] 27/9/2024 10:21

The RNS dated 26/09 contains an error.

"Since the commencement of the share buyback programme announced on 7 March 2024, the Company has repurchased 133,449,023 ordinary shares in aggregate at a weighted average price of 76.37 pence per share."

This is the same block of text that can be found in the prior 25/09 RNS.
When infact on 26/09 a further 766,943 were purchased, hence the RNS should have said

"... the Company has repurchased 134,215,966 ordinary shares ... price of 76.39 ..."

You'd think this stuff would be automated! Anyway will probably correct in next RNS...

[jonnybig] 27/9/2024 09:44

PMSL at matthew!!!!

Anyway, this is beginning to pop, EXACTLY like I said would happen 😁

spud

[matthewr1] 27/9/2024 09:24

Justice , with the greatest of respect it’s a bit more nuanced than that. Do conversations (with a CEO) happen? Yes , all the time. But they will be along the lines of state of the industry , possible asset purchases or disposals , or yes even where do you think shareholders would sell. But. That’s very different to receiving a bid. In that instance , a CEO has a fiduciary responsibility to both the board and shareholders to disclose such a price sensitive situation. Failure to do so would lead to censure and possibly expulsion from holding an e executive position. Sorry , but it’s zero to do with holding onto the job or perks.
As such there has been no bid (despite the nonsense that GF tells you) , and is exactly as I have told you all over the last two years. Sub 100p , despite the fact that ITV is vulnerable/too cheap , there is zero chance of a bid being successful , as ultimately the institutional shareholders (who control the ownership) would not sell below probably 150p.
Vis-a-vis the press and their involvement. It’s really more to do with the share price. If it starts to move , say above 10% , then the FCA will call the company and ask them if they know of why the shares are so strong and force a disclosure. This is typically “we do not know of any reason as to why the shares are strong,” or “yes we have had a preliminary approach that materially undervalues the share price.” Etc etc.
At 81p , ITV remains in no man’s land (in terms of a bid). Still too cheap. And still holding. All imho of course.

[tlobs2] 27/9/2024 07:46

Right, that's me back from a couple of weeks R&R.

Have the bankers concluded their negotiations and handed the keys over to golfinger and his mate yet?

[justiceforthemany] 26/9/2024 22:01

goldfingers antics and 💩 aside there's no doubt IMO that ITV would have been approached regarding M&A over these past couple of years and many of us believe the Dame has blocked any attempt and not made it public in the interests of staying in her well paid job with all the perks and bonuses. Sadly this sort of thing happens all the time. It is only after the press get wind of it that the company is forced to make a disclosure despite it being obvious price sensitive news! Rogue and corrupt market, always has been.

[jonnybig] 26/9/2024 18:28

Waiting to pop........

spud

[jonnybig] 25/9/2024 18:54

Why don't you find out for yourself?

spud

[huckers] 25/9/2024 15:16

Volumes being traded in ITV are back to being very thin. Even last Friday's triple witching volume was subdued at only 14.5m (vs 55m last triple witching in June and vs 33m September '23). Is there a similar story across other shares?

[justiceforthemany] 25/9/2024 12:32

goldfinger is full of 💩

[netcurtains] 24/9/2024 22:07

Yep would be nice to break 90p

[jonnybig] 24/9/2024 21:45

Sp holding up nicely for the next leg up. Time for an update from goldfinger methinks!

spud