Itv Share Discussion Threads

[stansmith1] 17/2/2024 22:29

thanks ronsnotrich but you are filtered, can you reply with the topbun account please?everyone looking forward to the analysisthanks

[rongetsrich] 17/2/2024 22:05

Stan’s been rattled by the newby!

[stansmith1] 17/2/2024 18:05

lolyou are an expert in drivel thats for sureeveryone waiting to hear your previous calls on itv, prospects going forward...take your time we have all day for thisanytime youre ready

[topbun] 17/2/2024 17:45

More drivel

[marksp2011] 17/2/2024 11:49

From X quoting the FT

Liberty Global is pressing on with restructuring the telecoms empire assembled by its chair and so-called “cable cowboy” John Malone as the group struggles to revive its languishing share price.

The group, whose headquarters are split between London, Denver and Amsterdam, has been slimming down in recent years but said on Friday it was accelerating a shake-up of its subsidiaries as it attempts to create more value for shareholders.

Chief executive Mike Fries said action needed to be taken as the group’s shares continued to trade at what he described as a “significant” discount. “You have to be willing to pivot,” he told the Financial Times.

Liberty Global intends to list its Swiss telecoms business Sunrise later this year, which it acquired for $7.4bn less than four years ago, with shares allocated to Liberty Global investors. Fries said this would put “value in their hands” but added it was too early to provide details on pricing.

It will create a holding company for its Belgium unit Telenet and its stake in VodafoneZiggo, a joint venture in the Netherlands, as a precursor to a potential listing and to help it raise further capital.

The group will also restructure its fixed network of Virgin Media O2 to help it compete with rivals in the race to roll out high-speed broadband across the UK.

Virgin Media O2, which is jointly co-owned by Liberty Global and Spain’s Telefónica, is in the process of upgrading its entire fixed network to full fibre and is also a supplier for nexfibre, a joint venture with InfraVia Capital Partners. The companies have reached more than 4mn homes, in comparison to incumbent BT’s Openreach, which has reached 13mn.

Fries said a new “NetCo” could be spun off or merged but that the initial focus would be on the network upgrade and potential acquisitions of alternative network providers or “altnets”;. He declined to comment on its acquisition pipeline but in November said the company was looking at “another six or seven” altnets in the M&A market.

It was also announced on Friday that Liberty Global and Warner Bros Discovery had sold All3Media — the London-based television and film production company behind Fleabag and Squid Game: The Challenge — to RedBird IMI for £1.15bn.

Liberty Global amassed an international telecoms empire through a series of deals over the past 15 years but has pulled back in several markets, going from operating in 12 in 2017 to five today, to refocus on more profitable countries.

Disposals included the sale of its assets in Germany, Czech Republic, Hungary and Romania to Vodafone for €18.4bn in 2019 and spinning out its Latin American business in 2018.

Despite this, its share price has fallen a fifth over the past five years. Karen Egan, a senior telecoms analyst at Enders Analysis, said Liberty Global had been “very wily” investors in the past but there was “less coherence” to its current investments.

“Given that uncertainty about the value they are adding, it is somewhat inevitable that the shares would trade at a discount,” she added. “There’s a whole lot of complexity in their holdings, including debt at the company level and cash at the parent level, and investors will apply a discount when it requires them to put a whole lot of effort in to understand the whole.”

Fries added Liberty Global had taken the opportunity to repurchase 60 per cent of its shares outstanding at “attractive prices” since 2017.

“We are taking it private very slowly,” he said, referring to the scale of the buybacks but speaking slightly tongue-in-cheek. A spokesman for Liberty Global said this should not taken as a signal that the company would be taken private. The company plans to buy back up to 10 per cent of its shares this year.

News of the restructuring came shortly after Liberty Global reported its annual results. It swung to a loss from continuing operations of $3.9bn in 2023 compared with earnings of $1.1bn in 2022. Its principal amount of debt and finance leases at the end of 2023 was $15.9bn, up from $13.8bn in 2022.

[boix] 17/2/2024 10:46

I did mention the production downturn a while ago but it’s still ongoing and finally reported on Sky this weekend.

[netcurtains] 17/2/2024 08:49

ITVx how much is it worth?

I watch it most nights now....
This press item was about a year ago (its got sooooo much bigger since then)

[spud] 17/2/2024 08:47

It's true that money is made on the buy & not the sell. This is something peeps are still struggling with.spud

[ny boy] 17/2/2024 00:32

Another roaring success from Dame Woke, how much has the share price fallen since she was hired from EasyJet (obviously a lot of media experience) which has shown

[ny boy] 17/2/2024 00:30

No one in nobby the garden gnome’s Guild of losers that’s for sure!

[tiger60] 16/2/2024 23:02

I will add all people blaming the chairwoman on this board are no different than those on the Vodafone board or the Barclays board or the Lloyds board etc etc. if you haven’t got the memo it is too late to chase. Monies have been moving to other more rewarding bourses abroad at the expense of UK equities and have been for a couple of years. However, chasing market highs in the States is no longer an option when valuations here are so down trodden that they have surpassed the depth of the roots upon which many solid businesses in the UK are built upon.

Everything is cyclical. If you are extremely astute you can time it. For the rest of us we work it out and adjust. But I hazard a guess corporate UK may be turning the corner. With the inevitable Labour govt to come, without the left wing outliers, a decisive victory will provide stability and the economic cycle may even make Starmer look more than credible. Timing.

[thanatos abyss] 16/2/2024 20:02

Can anyone speak English!

[tiger60] 16/2/2024 19:35

The All3Media deal completed as stated by end of the week. There is only more consolidation to come but I am afraid I know nothing specific about ITV. However, with lower interest rates around the corner and an increasing thirst for content the likes of ITV will not be at these levels for long.

[topbun] 16/2/2024 19:07

netcurtains, why do you post on both boards? The dim 2020 board read this one.

[geckotheglorious] 16/2/2024 17:57

ISIS
Benefit system needs to be abolished.
Non brits need to pay into the system for 10 years before they get anything.
Brits 12 months then its down to family to help

Too many poncers have become lifetime poncers.

[huckers] 16/2/2024 16:43

Yesterday seems a blip. Back to the recent anemic volumes in this share.

[thanatos abyss] 16/2/2024 15:49

Glad we are filtered. He wouldn't be happy 😂

[thanatos abyss] 16/2/2024 15:42

Dim Jim

Sounds like the start of a great poem

Do you know what a Jim is in Thai ?