Itv Share Discussion Threads

[netcurtains] 01/3/2024 11:28

KEyno: ITVx is mainly for a UK audience.

Britbox, in a sense, is now a sales vehicle for ITV studios to sell overseas..

So there is now a clear distinction between the two..

Its possible ITVx might expand abroad (Aka BBC iPlayer) but perhaps its not worth it. Best to concentrate on UK and sell to Britbox programs from ITV studios...

[huckers] 01/3/2024 11:23

netcurtains. RSI and the idea of overbought/oversold is complete rubbish: has no predictive use. Only order flow matters. And now with the buyback, closing shorts (?) and others coming to join in the direction of travel, it is all long.

[keyno] 01/3/2024 11:20

What took ITV so long to flog off their investment in Britbox after the launch of ITVX? I never understood why they needed both.

Will the bb shares be cancelled? We haven't been told. Maybe when results come out. It's only our money after all..........

[netcurtains] 01/3/2024 11:19

LOL...
The RSI in ITV is incredibly low (up until this morning)...
So ITV will have to rise a heck of a lot before its anywhere near over bought...
(if going by RSI - Relative Strength Index)

[matthewr1] 01/3/2024 11:00

I prefer to think of it as a game of poker. You don’t play an ace if you’re sat on 2s and 3s

[matthewr1] 01/3/2024 10:59

I agree . Advertising market is horrible , but has been well flagged. There might be the odd green shoot , but probably not. The share price is priced to reflect exactly that…. Which is not a warning and as I say , I now think extremely unlikely.

[netcurtains] 01/3/2024 10:44

matthewr1: No that cant be right. We know advertising revenue will be well down as will landline viewing figures....

It is true we, dont know about ITVx figures or Studio sales...

So I would expect some pull back at results but because ITV are buying shares it will be hard to short it as most days (65%) it will probably be rising - depending on news flow throughout 2024....

[matthewr1] 01/3/2024 10:39

I agree Huckers , got absolutely zero to do with defence. One thing is for sure. It’s extremely unusual for such a move so close to results , normally they would be announced at the same time. My takeaway from the obvious positive here is that the results next week are completely derisked. You couldn’t possibly announce this then warn the following week. Onwards and upwards.

[goldfinger16] 01/3/2024 10:30

Well well well, the other thread are jumping for joy as ITV announce a buyback. But why at this stage do you think they have got rid of BritBox and announced this move. It's nice to see the share price was up near on 15% but the shares are still as cheap as chips and those who have bought at recent lows are on a nice touch. share price is up nicely atm but MM's have been caught out and have trades that are hanging so the share price will be down later today or Monday for buying. However do not sell into this unless you are a daytrader who bought yesterday and need the cashflow, but there aren't many who piled in yesterday. The reason for the buyback is to bolster ITV's weak position for what's coming, it's good to see that they are aware of what is about to go down.

This buyback of shares has been employed by the BoD as a tool to defend against an unwelcome takeover. I have told you this is happening. The buyback will little alter the percentage of the shares already owned or held in trust so the other side are strong. It's going to be good for those who have stayed long because if ITV come up with a positive statement next Thursday the mkt Cap is going up and all hopes of getting ITV on the cheap will be gone. They should have done it two years ago!

And Justice Jim, who loves to shout me down among others such as stansmith, your short funds are really looking like they got it wrong and this is on the way to 70p as I said a week ago.

Stay long!

[netcurtains] 01/3/2024 10:30

The problem is TV and Radio TIMES......

ITV makes its money by having different advertising slots at different times of the day for peak viewing programs...

With streaming, this market evaporates and ITV become one of many many streamers and no longer the MAIN independent company.....

ITVx will be a long way behind Netflix, Disney, Apple and Primes viewing figures.....
So ITVx probably needs to expand GLOBALLY as it will be hard to reclaim UK top place.

So getting rid of Britbox possibly will allow ITVx to begin to be broadcast outside the UK..... Perhaps commonwealth and USA countries first (eg English speaking) and then expand to EU and rest of the world.

Or alternatively allow ITV to concentrate on program making and not so much the viewing...

[geckotheglorious] 01/3/2024 10:03

Nice bit of positive news the sale of Britbox and some blue first thing.

from bloomberg

Another day, another bid for a London-listed company from an overseas rival. This time it was GXO Logistics, an American business that has offered over three quarters of a billion pounds for warehouse operator Wincanton, which counts Primark and Ikea among its customers. Wincanton was already subject to a bid from a French shipping company, so the battle is on.

The takeover tussle comes amid other high-profile potential deals surrounding Currys and Direct Line, while last month a group of plush London hotels was sold for £800 million to US private equity firm Starwood Capital.

My colleague Dinesh Nair tells me UK mergers and acquisitions are up 88% so far this year, compared with a year earlier. While flattered by a dearth of activity this time 12 months ago, the figure is still a sign of renewed appetite to pick up bargains in London’s relatively low-priced market.

When's ITV going to receive similar.

Massively undervalued

[isis] 01/3/2024 10:02

I daresay most UK Companies have had the slide rule put over them. Often they don't make their play until someone else does, hence the bidding Wars at the moment.
Many UK Companies are on P/Es well under 10 including this one. US is morelike 15-20 and the EU 15

[isis] 01/3/2024 09:52

Can see these going to 80+ once the buybacks start and the Shorts get taken out.

[jubberjim] 01/3/2024 09:52

Play Nice you lot.

Enjoy the move up.

[netcurtains] 01/3/2024 09:46

What we need now is Goldfingers "good news" in the results to materialize...
Hopefully excellent ITVx figures, forward outlook saying advertising recovery happening and big sales from ITV studios.
Clearly the viewing figures for landline ITV and advertising will be well down.

[huckers] 01/3/2024 09:35

Simply put it is a cost of capital consideration: debt vs equity. And that vs opportunity cost (if there is an opportunity) of reinvesting cash flow into operations. There are times when buybacks make good sense. This is one of them.

[davius] 01/3/2024 09:33

Dividends of 5p were paid over the last year, the yield at the current share price 8.94%.

Assuming a 10% share buy back where the shares are cancelled rather than held in treasury, then the same cash distribution would result in 5.5p and the yield rising to 9.83%.

[jonnybig] 01/3/2024 09:31

Well said unastubbs. Some folk just can't get their heads round it and all the explaining in the world won't get through so just let them wallow in their ignorance!

[isis] 01/3/2024 09:30

It is pretty obvious that the Board see the shares so undervalued that they are willing to put the whole net proceeds into buying their own stock back. Sounds very convincing to me. With Companies being bought out by Foreigners at 50-100% premiums that are right to do so!
Our market should be around 10,000 now not flailing around in the 7000's.

Almost every Institution is in agreement with this but here we are flailing around at the behest of negative shorters who want your money and I don't mean the penny spreadbetters on these boards.

[spud] 01/3/2024 09:28

Una - If it's so cheap, why hasn't it been bought out?spud

[unastubbs] 01/3/2024 09:22

#6300 obviously it's beyond you then. Buybacks at this low price are a total no-brainer. If you need it explained then you shouldn't be invested.

In anything.

[kelso29] 01/3/2024 09:20

No mention of today's RNS on this thread?
As I said MM have their reasons lol

[thebutler] 01/3/2024 09:19

I've been calling for a buyback for ages and judging by today's rise the Market likes them too. So ignore the shorters who criticise buybacks, they're clueless and have had their fingers burnt today so they'll be in a bad mood! Hopefully this will trigger a rising trend over the next few months to back over a quid. Well done all patient holders.

Also nice to see George win in Rochdale with an Independent in 2nd place smashing the Tory/Labour stranglehold. Disappointing performance by Reform tho', but the signs are beginning to show a transformation of the political landscape in the UK. Up the revolution!