Itv Share Discussion Threads

[lucicavi] 17/8/2020 09:36

Why it’s interesting
ITV had an extremely tough period during the pandemic, after lockdowns around the world pressed paused on filming schedules and wiped out demand for advertising.


The broadcaster saw some of its main attractions zapped from its schedule, after most sporting events were cancelled and quarantine measures pulled filming for summer blockbusters such as Love Island.

ITV took swift action to mitigate the fallout from the coronavirus crisis, rolling out a cost cutting scheme that has so far saved the company £51m.

The public service broadcaster will defer £90m of pension contributions and tax payments for the first half of 2020, in a bid to boost cash flow.

McCall added that ITV will be turning down the government bonus of £1000 for every furloughed employee brought back to work, saying “it wouldn’t be right” as the company always intended to return furloughed workers.

Social distancing measures have hampered the restart of production, however ITV has been “innovative221; in its restart of Coronation Street and Emmerdale in June, and will soon roll out a highly-anticipated new series of Spitting Image.


In a call with journalists, ITV chief Carolyn McCall today said the broadcaster will focus on becoming a “digitally-led media and entertainment company” going forward.

McCall announced the rollout of its Britbox streaming service in 25 countries across the globe,

However, she stressed that ITV’s “future is still uncertain due to the pandemic”.

The 65-year-old company’s share price has fallen dramatically during the crisis, slumping 60 per cent so far this year to 59p, trimming its market value down to £2.3bn.

Analysts warned that the steep decline signals bid speculation, but McCall argued that it merely shows that the company is significantly undervalued.

[netcurtains] 17/8/2020 09:30

LOL - graphamite2:
You HAVE just compared M25 to a single track road to make your point.
You get my point?

I'm saying you can compare big to small (and indeed you just did that for the point you were making)..

clearly with BBC backing (a global giant in brand terms) it is "possible" that Britbox can grow to a significant percentage of Netflix (10%?) .

I totally accept that you disagree.

And I respect that you do.

But I'm sticking with my analysis (love it or loath it).

[grahamite2] 17/8/2020 09:21

I susbscribe to Britbox and I like it, but saying it's comparable to Netflix is like saying the M25 is comparable to a single track country road.

They are two fundamentally different models.

[hamhamham1] 17/8/2020 09:14

Again travel and leisure companies show they are this recessions banks

[netcurtains] 17/8/2020 09:08

Thanks Alex1621: I guess it depends if FTSE100 tracker funds sold already or sell once it moves into FTSE250. I must admit I did not take this period into account when I originally bought. Share trading is way more complex than you think! September is going to be massive so many shares will be moving between FTSE250 and FTSE100 - Even the once mighty Easy Jet looks like going.. ITV just a few years ago was trading at nearly £3 a share - it shows you, just takes a few years to go up or down billions of pounds.

[alex1621] 17/8/2020 09:00

A lot depends on your timeline. I reckon ITV will be fine once this period is behind us, but whilst in the midst of it the share price can go anywhere, up or down.

[netcurtains] 17/8/2020 07:42

Dow Futures very slightly up this morning which is often a good sign for FTSE.

The down side for ITV is that if (when) it falls out of FTSE 100 then I think some tracker funds have to sell (its currently in the bottom two by market cap). It also has a law case that it has to fight (re: pensions). The FTSE is updated in September (its quarterly).

So my BUY views are based on either hours/days OR years - but possibly not months.
However I am not too sure what happens on the cross over from FTSE100 to FTSE250 - I assume it causes a fall but I dont have the facts at hand.

Can someone fill me in on the details re: falling from FTSE100 and the pensions court case? Are they things we need to worry about at this juncture?

[stansmith3] 16/8/2020 21:53

i think you mind me full stop, and are looking for any reason not to converse, trying to deny saying itv will be 6 quid in two years is splitting hairs in the extreme by hiding behind the use of the word couldi mean its no more outlandish than your other gibberish, i guess being damned by your own words is painfulbut happy to leave it at thatgood luck

[netcurtains] 16/8/2020 21:44

Stansmith3: you are a strawman and a bit of liar.
You said here "on lse you said £6 within two years"
But actually I said:
"... QUITE POSSIBLE ITV will be £6 s share (1/10th the size of Netflix but ten times its current price)"
not probably or that it will be.
You see you make out you're the sane and good one, but in fact you're lying and twisting words.
I'm sorry but I'm blocking you..

I dont mind people disagreeing, but I dont like liars and twisters.

Amazons strongest sales portal (always has been) is books.
If Amazon was so wonderful Waterstones and WH SMiths would no longer exist (long long ago).
I've nothing against Amazon but its business model is not as sound as some think.... Google is
way better .

Anyway lets get back to ITV.
I think its going to rise based on:
1. charts (double bottom)
2. ITV Produced TV series being made again (post covid lockdown)
3. Massive valuations for Internet TV companies (aka Netflix)
4. Great growth figures (gloablly) from Britbox

I cant say when or if it will get to £6 but I would not be surprised if it happened in 5 years
but even two years is possible.

One thing I know about shares is that they often rise (or fall) miles more then you ever
think possible


.

[stansmith3] 16/8/2020 21:10

neti dont need to appear clever whilst you sound like a lunaticexamples in just the last hour....six pounds within two yearsdont see value in the amazon shopping experiencebritbox can compete with netflix

[stansmith3] 16/8/2020 21:04

on lse you said £6 within two years, but you quote five years here?both ridiculous of course, the link you quoted projected 14% growth for years would take subscribers up to the dizzy amount of 800k, entirely respectable, but i doubt netlix, nowtv and disney will be worried

[netcurtains] 16/8/2020 21:01

stansmith3: Actually you made it personal not me.

You said this: "youre still making the ERROR that itv and netflix can be compared"

If you were not being personal you would not have said "ERROR" you would have said "I disagree".

One is saying how clever you are compared to me and the other is saying in your opinion I'm wrong.

I think BRITBOX ITV can be compared to NETFLIX (or any media company)
and you disagree.

I dont say you're in "ERROR" - you might or might not be right - all I am doing is giving an opinion.

I have bought into ITV and one of the reasons is the prospects of BRITBOX and the amazing valuations NETFLIX has....

[stansmith3] 16/8/2020 20:49

not having a strawmen argumentjust responding to your ignorant posts, although hard to keep up, and thats before you decided to make it personalyou must be the only person who sees no value in the amazon experiencewords fail, but then you seem to think britbox can compete with netflixbetween cautious and you i dont know who is worse

[netcurtains] 16/8/2020 20:44

INTERNET SHOPPING is closing British High street
not specific internet sales portals. BooHoo is more likely to
be behind collapse of teen high street fashion shops.
Nothing to do with Amazon at all. Perhaps ASOS too.


Both these AIM stocks 10 bagged for people (one hundred bagged for some - I missed the boat).

If Amazon did not exist internet shopping would still be here.
If Netflix did not exist internet TV would still exist.

There is no point having strawman arguments.
As I said, wait the five years, I expect ITV to be trading in 2025 at £6
a share (a ten bagger).

[stansmith3] 16/8/2020 20:41

netim afraid youre in the minority with amazon shopping aswellas for the article you linked, author acknowledges that he has never met anyone with any enthusiasm for britbox, then goes onto speculate how it would grow with ...of all numbers...amazon prime, that is the free tv service attached to the worlds most successful and customer centric shopping service that is literally closing british high streets, although you dont see the value...

[netcurtains] 16/8/2020 20:16

stansmith3: I am one of those people. I dont see any value in shopping at Amazon at all. You might as well do a google search to find the product you want - cheaper, with more variety. Amazon adds nothing much at all. "The Emperor has no clothes" : As I said, I think you're stuck in pre 2008...


Some really interesting Britbox growth scenarios (what ifs) worked out on this site:

[stansmith3] 16/8/2020 19:58

you sound like one of the people who said amazon at 180 dollars will never go any higherhave you done the sums for britbox?half a million "net" new subscribers is how much per year?answer: hee haw

[netcurtains] 16/8/2020 19:44

stansmith3: You're making a rockie error in thinking you cant compare. Sorry but alas you can. Normal rules do apply - netflix has really stiff competition and is not really meeting its growth targets - its sales and income growth are slowing.
Look at the balance sheets.
Anyway - wait the five years and we'll see what we'll see.
In my view you're stuck in the past (the pre 2008 view that banks cant crash - but this time you're saying "tech giants cant crash")...

ITV and BBC will be taking market share from Netflix very very soon - Netflix content is even more naff than ITV .... .

Five years is a long time in show business but it comes round much sooner than you think.
My view is get Britbox ITV while its under £1 (its currently only about 63p)

HALF MILLION RETURNING FROM FRANCE ETC TO SELF ISOLATION FOR FOURTEEN DAYS...
(starting from today).

I suspect this 1/2 million will increase demand for Britbox as they all would have done Netflix to death by now.

[netcurtains] 16/8/2020 19:02

Gerardp: Re: 10 bag over five years OR loony bin.

We'll have to wait and see.

Netflix profit after tax (2020) about £1.5B
ITV profit after tax (2019) about £500M

Both balance sheets from Wall Street Journal:



Netflix valued 100 times more than ITV but only makes 3 times more profit,,,,,,,,,,

If Netflix valuation is not loony then ITV will have to be valued loads more
- people who say the reverse would on face value be a bit........

If you know what I mean.
Sorry

[gerardp] 16/8/2020 18:51

netcurtains - are you on weekend release from the loony bin?

[netcurtains] 16/8/2020 17:27

hamhamham1: Not cash - that too goes up and down in value.

Alas, for a cautious investor, the best investment probably is ITV shares.
ITV might ten bag over 5 years - I cant see Netflix ten bagging over 5 years from where it is now.

Yes we're late to the Internet party but Britbox has the "BBC" - the golden ticket that lets us in late.

[hamhamham1] 16/8/2020 16:43

Using that theory, you should be 100% cash right now. But i dont see the problem in owning some highly discounted shares and having also some cash in the bank to buy on any good coronavirus news?

[cautious7] 16/8/2020 16:18

netcurtains at post made @ 14-36hrs today

Can you post something like that please during trading hours as it may big up the sp

DYOR

C7 - stuff fundametals, its all a gambling with the rough edges removed, fact!!!