Itv Share Discussion Threads

[hades1] 19/7/2021 09:52

I hate to say it Nige but you might be right with your price prediction!

[netcurtains] 19/7/2021 09:04

Its quite possible that the market will be higher than 7000 points by Friday.

Re Boris, he is right, there is no better time. The vaccinated +50s have reached max number. Later in the year we might well get flu pandemic.

[stansmith3] 19/7/2021 08:57

its always ok when you dont post your sells

[nige co] 19/7/2021 08:35

That's ok Ivan if the FTSE100 isn't about to re visit 5,200? The market doesn't like Boris's freedom day. Oh dear, here we go again.

[ivanborsky] 19/7/2021 08:14

Just helped myself to a few more, keep calling them down and I will gladly pick them up. :)

[smartie6] 19/7/2021 07:12

Could be a bargain price on offer today. How far do you think it will fall?

118p?

[ivanborsky] 19/7/2021 07:09

Another excellent trading update from S4 Capital (Martin Sorrell ex WPP) this morning, here's an extract 'Since the Company's last trading update on the first four months of 2021 at its AGM on June 7, 2021, activity has continued at unprecedented levels in May
and June, driven both by the post-pandemic rebound in global GDP and the
acceleration in digital marketing transformation. Like-for-like revenue and
gross profit (or net revenue) growth both continued at levels beyond
expectations. The pattern of first-half profitability and margins remains very
similar to the first halves of 2019 and 2020, weighted to the second half. The
Company is in the early stages of planning to expand its activities into a
third practice area around technology services and to continue to broaden and
deepen its content and data & digital media practices in the Americas and
Asia-Pacific.'

[hades1] 18/7/2021 20:20

Thanks but the link is fine unless you are geoblocked?
But missed your original post so thank you.
Let’s hope the Ftse100 convincingly retakes 7000 yet again - Brexit and Boris have a lot to answer for - first time Ftse 7000 was taken was March 2015 just over a year before the Brexit vote - over 6 years of stagnation!
I suspect he now realises that history won’t be so kind as the recent voters - even his Daily Telegraph needs to find someone new not the EU to blame.
Suspect backing the wrong vaccine will also prove difficult to shake.
Hopefully in the meantime ITV will find a new foreign home.

[ivanborsky] 18/7/2021 19:52

I've already posted that story on here in full on 15th July if you want to read the whole article.

[netcurtains] 18/7/2021 18:56

[...] [...] ||------------

[nige co] 18/7/2021 18:42

Yorkshire Post article......

"It is difficult to put a value on ITV studios,

but if we consider that Hasbro acquired Entertainment One almost two years ago in a deal worth £3.3bn, about 16X earnings before interest, taxes, depreciation and amortization (EBITDA), and ITV, according to its most recent annual report, shows that ITV studios alone had EBITDA of £152m.

Using 16X EBITDA, just ITV Studios should be worth £2.4bn alone. For the whole ITV group adjusted EBITDA was £573m, which on 16X EBITDA would give it an implied valuation of £9.17bn, yet the current value of ITV is £5.3bn."

Based on the above valuation the whole of ITV would be valued at 227.82p per share. Not forgetting Net Debt as of Q1 of £558M. This would bring the price down to 213.96p.

Maybe the BOD are thinking of not paying a dividend this financial year to bring down the debt further to make ITV more attractive for a takeover bid?

[jacko07] 18/7/2021 17:52

Tried to link that Yorkshire Post link...wouldn't work.

[hades1] 18/7/2021 16:45

Out today but less interesting https://www.fool.co.uk/investing/2021/07/18/7-5-dividend-yields-4-ftse-100-dividend-shares-id-buy/

[hades1] 18/7/2021 16:43

Out a few days ago but interesting nonetheless https://www.yorkshirepost.co.uk/business/in-a-land-where-content-is-king-all-eyes-are-on-the-future-of-itv-studios-3306941

[hades1] 16/7/2021 19:05

You are right.
The ADR volume and trading patterns were very unusual especially for ITV.
Let’s see?

[nige co] 16/7/2021 18:39

Very good points Hades, in my 4 years of investing in ITV I haven't seen anything like the volume over in the USA, so this makes me think that someone has acquired a large stake, but are somehow not disclosing their holding. I know that a poster explained that it was just institutional investors, but I'm not convinced, or am I fooling myself? After watching film Margin Call, nothing would surprise me. The first thing I look for on a week day morning is for a RNS for the takeover bid. Lol

[stansmith3] 16/7/2021 18:32

off topic and as its the weekend...anyone looking for a multi bagger need look no further than hzmjust about to begin full construction of nickel mine in brazil, investors lined up, offtake agreements in progress, delayed by covid, shares could get a 50-100% pop on imminent credit approval, but sitting on a world class nickel deposit just as the world needs nickelif you do you due dil you will not believe how many tens of billion dollars worth of nickel they are sitting on, if they dont get taken out you are looking at a 5-10 bagger paying fantastic dividends in the not too distant futurerecent placing in north america with instos at 7.5p, you can buy at 6.6p right nowmcap circa 100m, crazy!

[nige co] 16/7/2021 18:28

yes I remember reading a couple of years ago that ITV's vast content (40,000 hours) at the time was worth £1 per share or £4BLN, I would like to think that this valuation may have increased since then. I would also think to reproduce this content would cost a lot more than £4BLN so I'm sure a large streamer like a Netflix or Disney would like to acquire this content or am I barking up the wrong tree?

[hades1] 16/7/2021 18:27

NigeI do think the lack of UK liquidity at the moment is due firstly to LG replacing their hedged CDF position with ordinary shares last autumn (5% stake) and the various brokers (mostly Morgan Stanley but others) offering unauthorised ADRs in the US to someone - that was huge volume a few months/weeks ago.Someone could easily have already acquired a reasonably large ADR position - very unusual to do this as extremely expensive.Some was probably just US only institutional investors but the sudden volume was just too large.Anything is possible.But I am sure others have alternative theories.

[stansmith3] 16/7/2021 17:40

its clear to see that the digital world is content led, itv have loads, any take out now would really just cost us dearly..i think they will state that the divi will recommence next year, this has the benefit of pulling in buyers now and taking another hefty chunk out of the debt, things will look quite sweet by then and the share price will followyes you are right about acquirers, but the bt share price doubled in short order, his stake building will have partly responsible

[nige co] 16/7/2021 16:28

I gave you a thumbs up Stan, but have the potential acquirer's already accumulated? Yes, nothing showing up in RNS's, but that doesn't mean a thing when Drahi can accumulate 12.1% of BT and no one knew anything until after the event.

When do you think ITV will start paying a dividend?

[stansmith3] 16/7/2021 14:55

volume steadily tapering down following ftse reshufflejust no evidence of anyone accumulatingroll on years of divi collecting