Itv Share Discussion Threads

[stansmith3] 18/1/2021 11:35

totally agree, bid rumours to this point evidently false

[hades1] 18/1/2021 09:50

Yes, very true.
Just now even worse.
Commodity exchanges seem to be fairing better than London's Stock Exchange.

[ivanborsky] 18/1/2021 09:48

To be fair Hades, its been like this for some time now. The Yanks control our markets and have been shorting UK companies for quite sometime now. No trade today, Martin Luther King bank holiday in the states, the monkeys in the GS London office will be too frightened to touch ITV until tomorrow when the US organ grinders get in the office !

[hades1] 18/1/2021 09:37

Post Brexit(1st Jan - Europe left London) London Stock Exchange volumes have died.
Wall St major beneficiary from demise of London but especially with the likes of ITV - Wall Street closed and only 300k traded in first 90 mins.
ADRs irrelevant.

[nige co] 18/1/2021 08:31

Not sure, ITV do have ADR's over the pond.

[hades1] 18/1/2021 08:18

NY closed today.
No volume illustrates how much volume in ITV comes from there.

[nige co] 16/1/2021 14:05

Fair value 138p 20.5% undervalued.

[hades1] 15/1/2021 17:18

Veteran Sky chief Jeremy Darroch is also stepping down.

[ivanborsky] 15/1/2021 17:05

I just remembered that James Murdoch is very friendly with GS, could it be that he has already been penciled in for the job and will go to war with his brother ????

[nige co] 15/1/2021 16:54

I'm also looking forward to what the Sunday press have to say.

[ivanborsky] 15/1/2021 16:42

I am on the same page as you Hades with regards to a private equity bid for ITV, hence why GS and Co. have built up a position in ITV shares of well over 50% and why Brandes Investment partners now hold over 4% of the company and were instrumental in a failed bid with GS for ITV back in 2006.

The weekend press will be interesting that's for sure, I'm even looking forward to seeing what the Sunday Times have to say.

Unlikely Marshal Wace !!!

[hades1] 15/1/2021 16:31

ITV is kicking off a search for a new chairman as Sir Peter Bazalgette prepares to step down next year after almost a decade on the broadcaster's board.Sky News has learnt that ITV's nominations committee, led by the former Jupiter Fund Management boss Edward Bonham Carter, has appointed Spencer Stuart to oversee the search.Sir Peter, who has chaired the commercial television group since 2016, is not expected to leave until his term expires in May 2022.In total, he will have served for nine years on ITV's board, having been a non-executive director for three years prior to replacing Archie Norman.Sir Peter, a former chief creative officer at the TV production company Endemol, is a respected figure both at ITV and in the wider broadcasting industry.

[ivanborsky] 15/1/2021 16:26

Sky business news just reported that the Chairman of ITV is stepping down next year ! I wonder who's behind this ??

[hades1] 15/1/2021 16:22

I think private equity is the most likely initial bidder.ITV is a cash flow 'autobank' - huge advertising revenues.Sell the production side and load up the debt at low rates.Sadly a rather negative future and certainly current ITV management will try to avoid that outcome if at all possible!

[jacko07] 15/1/2021 16:15

anhar..you are doing the right thing, this share will pay dividends soon and if it gets back into the FTSE 100 it will be 150p, so all is looking ok.

[hades1] 15/1/2021 15:55

If they are intending to defend themselves they clearly know it will be a low ball bid and so will be approaching other possible interested parties to provoke a counter offer.Very possible if LG are involved.

[hades1] 15/1/2021 15:39

No Government obstacles here.
Sky was a unique Murdoch media plurality issue which was actually eventually overcome.
Not relevant at all.
DYR

[anhar] 15/1/2021 15:03

Thanks for the replies regarding the likelihood of a bid. I hold ITV at an average cost of about 91p but not on bid hopes, though great if it happens. As an income investor I'm more interested in the potential dividends.

As I've said before here, having lived through the Sky bid that went on for years due to the govt repeatedly obstructing it, it is clear that there would be serious govt obstacles to an ITV bid because of the reduction of news and general media choice in the UK. Even more than there were for Sky I'd say. It's not impossible but it must put big doubts in the mind of any potential bidder, especially perhaps a foreign one.

The press and others love to promote bid gossip but almost all these rumours turn out to be false. This ITV one is pretty old now and no sign of it. Even if it happens, it will have been years since the original rumours started so they're wrong in effect. The shares were much more expensive a few years back so that any bid based on the current price could easily lead to a loss for longer term shareholders. If I had a quid for every untrue bid rumour I've heard over the years...

jacko07: "If it was a slam dunk that ITV would be taken over, it would be up 50% or more from here..."

Exactly, but a newcomer could be forgiven for thinking from some of the messages here that it is a slam dunk.

[nige co] 15/1/2021 14:30

My contact who no longer works for ITV (retired) who still keeps in touch with friends and ex colleagues tells me this morning, that the rumour going around the regional news is that ITV are taking steps to defend a potential takeover bid. I must stress that this is only a rumour at this stage. Fingers crossed guys.

[jacko07] 15/1/2021 13:38

If it was a slam dunk that ITV would be taken over, it would be up 50% or more from here.

Wouldn't things be great if we knew the future. I am posting an interesting piece from the Mail about terrestrial TV. It should indicate a bearish outlook but to me it strengthens my view of an ITV takeover.

The reason is just the old fashioned view, it's Mkt Cap is peanuts in this new wave of streamers being the be all and all. This has had an adverse effect on ITV, at 108p this share is still bombed out but it won't last.

We subscribed to Netflix last year and we are quite happy with it at £5.99pm. But after several months we have drifted back to ITV and the BBC and I believe that is happening across the country.

We must remember with this company, the sum of the parts are at least twice the market cap and a takeover at today's reckoning would be around 192p a share. I own them and they will stay in my portfolio.

[geckotheglorious] 15/1/2021 11:54

Anhar

Why?


"ITV Named as Top M&A Target in Europe for Fourth Year in Row"
Jan 2020

[hamhamham1] 15/1/2021 10:40

Easy money... hopefully :)

[netcurtains] 15/1/2021 10:24

OK hhh: I bought a tiny number for a bounce at some point. Thanks for letting us know about the opportunity. Just a wild punt for me (nothing heavy)