Share Name Share Symbol Market Type Share ISIN Share Description
ITV Plc LSE:ITV London Ordinary Share GB0033986497 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.00p -1.34% 147.40p 6,514,883 13:11:25
Bid Price Offer Price High Price Low Price Open Price
147.35p 147.45p 152.00p 147.20p 150.25p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 3,132.00 500.00 10.20 14.5 5,933.5

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Trade Time Trade Price Trade Size Trade Value Trade Type
13:11:21147.407,82111,528.15AT
13:11:21147.40275405.35AT
13:11:21147.402,5003,685.00AT
13:11:21147.401,2891,899.99AT
13:11:21147.353,2414,775.61AT
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ITV (ITV) Top Chat Posts

DateSubject
16/11/2018
08:20
ITV Daily Update: ITV Plc is listed in the Media sector of the London Stock Exchange with ticker ITV. The last closing price for ITV was 149.40p.
ITV Plc has a 4 week average price of 141.75p and a 12 week average price of 141.75p.
The 1 year high share price is 183.05p while the 1 year low share price is currently 141p.
There are currently 4,025,409,194 shares in issue and the average daily traded volume is 19,643,000 shares. The market capitalisation of ITV Plc is £5,933,453,151.96.
05/11/2018
14:24
knowing: Analysts react positively to ITV's choice in CFO due to successes at ARM and easyJet 13:27 05 Nov 2018 Analysts at Liberum said ITV’s reference to Chris Kennedy as a “key player” in selling ARM to Softbank may be a flag that the broadcaster is open to a sale ITV ITV wants to produce more hit shows like Love Island to better compete News that ITV PLC (LON:ITV) boss Carolyn McCall has appointed her former colleague at easyJet PLC (LON:EZY) as chief financial officer of the company has been generally well-received by analysts. Chris Kennedy, who was CFO at easyJet from 2010 until 2015 when McCall was in charge, is due to join ITV in February. He joins the company from Micro Focus International PLC (LON:MCO), where he been CFO since January. Two months into his short stint at Micro Focus, the software firm lost nearly half its market value as it announced the departure of chief executive Chris Hsu and cut its revenue outlook due to problems integrating assets from Hewlett Packard Enterprise (HPE.N). READ: ITV boss Carolyn McCall poaches former easyJet colleague as CFO But AJ Bell investment director Russ Mould pointed out that the profit warning happened shortly into Kennedy’s tenure at Micro Focus, so blaming him would “equate to shooting the messenger”. “Instead shareholders may be enthused by his previous experience at technology firm ARM and EasyJet where he, alongside his new boss Carolyn McCall, presided over strong returns for shareholders,” Mould said. During his time at easyJet, the share price quadrupled, dividend payments were introduced and the company joined the FTSE 100. At ARM Holdings, where he was CFO from 2015 to 2017, he helped lead the £24bn sale of the chip maker to SoftBank in 2016. ITV open to a sale? Analysts at Liberum said ITV’s reference to Kennedy as a “key player” in selling ARM to Softbank may be a suggestion that the broadcaster could consider a disposal. “This may be just filler for the statement but it may also be a flag that ITV is open to a sale.” Liberum had two other thoughts on the appointment: McCall took on someone she already knows and has presumably has worked well with; and another ITV connection is that Kennedy is a non-executive director at Whitbread, whose chairman, Adam Crozier, is the former chief executive of ITV. The broker maintained a ‘buy’ rating on the stock. ShoreCap views CFO appointment as positive Shore Capital also reiterated a ‘buy’ recommendation on ITV, saying it views the appointment as positive. “Chris Kennedy has an impressive CV / skillset and the fact that he and Carolyn McCall have worked together successfully in the past bodes well for his ability to add value to the process of re-energising the group’s growth potential. More broadly, we remain positive on ITV’s medium-term attractions,” ShoreCap said. “These include: (a) its unrivalled ability to deliver a mass market commercial audience to advertisers via a highly trusted medium; (b) the growing scale and commercial value of its international content portfolio (9k+ hours produced per annum, 40k hour library, produces / sells in 11 / 196 countries); (c) strong cash generation (providing firepower for acquisitions, dividend growth and de-leveraging an already modestly-geared balance sheet), and; (d) its value as a strategic asset within a consolidating industry. “The last of these points reflects our view that media, tech and telecom companies will continue to compete for proprietary content - witness the battle for / Comcast’s eventual acquisition of Sky ...” McCall focuses on so-called 'strategy refresh' In an effort to address the competition ITV is facing from the likes of Netflix and Amazon, McCall is focusing her efforts on beefing up the production of the company’s own content and growing the direct-to-consumer business. Earlier this year, the group also announced that it had joined major Hollywood studios, including Disney and Fox to back a new video streaming service for mobile phones. Under McCall’s so-called “strategy refresh”, unveiled in July, ITV will invest £60mln over the next three years but aims to deliver up to £40mln in cost savings over the period. Investors will be keen to hear any updates on the progress of the strategy when the group reports its third-quarter results on Wednesday. ITV produces hit shows include Love Island, Victoria and I'm a Celebrity ... Get Me out of Here.
04/8/2018
19:09
1amb: Thanks for your comments lauders and hades1. I appreciate that ITV share price has seen some very bad times in the past (a low price of 40p) but today its balance sheet is much stronger and income stream, a lot more diverse and better quality too. To take a rather extreme example, Netflix is currently valued at 10.5 times (F.T. dated 4th August) its annual sales. ITV’s non-advertising sales are around £1.6 Billion. So on just half Netflix valuation levels ITV’s valuation based on content alone, could be 5.25 x 1.6 = £8.4 billion ie a price of £ 2.10p a share, on a ultra gloomy assumption, that its advertising sales of £1.6 billion, are worthless. This big value gap is appreciated by three of ITV’s largest shareholders, who collectively own 23% or £1.5 billion, all three are U.S. based, where the value of content is most appreciated. We are in very good company.
03/8/2018
01:10
hades1: Intelligent post until you suggest advertising revenue will rise next year with Brexit ??? All forecasts I have seen are for a similar decline to 2008/9 with a 20%+ decline. Last time that happened the ITV share price dipped to c.40p. I believe that is why the share price will drift lower into 2019 But wait for Sept ITV if you like.
01/8/2018
15:57
nige co: Out of the last 18-trading days the ITV share price has dropped 14 day’s. Dropping from 180.40p to 161.35p. Very disappointing, to say the least, after a good world cup and reporting ok results. Where does the share price go from here? Patience is needed.
11/5/2018
10:32
nige co: Looking at the ITV share price graph you could be fooled into thinking that a bid was coming. Stranger things have happened.
10/5/2018
12:12
nige co: Why I believe the ITV share price could soon return to 250p HTTPS://www.fool.co.uk/investing/2018/05/10/why-i-believe-the-itv-share-price-could-soon-return-to-250p/
21/3/2018
17:18
alex1621: Goldman Sachs have control over 20% of the shares, around 10% of which is owned by Liberty Global, who have no interest in seeing the ITV share price increase. Go figure?
21/3/2018
08:41
raffles the gentleman thug: You wanna look at the Libor-OIS spread my friend as this is gonna be a bigger determinant as to what the ITV share price does than the RSI
01/3/2018
08:11
lauders: I see STVG are going the opposite way to ITV share price-wise. Surely the news from ITV wasn't that bad? The yield is getting better here the lower we go so there will be takers in the low 150's.
11/5/2017
20:39
katie priceless: Special dividends have long been overshadowed by share buybacks. The latter has proven popular with company management due in part to its positive effect on EPS, which is often linked to bonuses, and the flexibility it brings. This contrasts with ordinary dividends, which the market expects to be repeated in future years once they have commenced. However, ITV (LON:ITV) is one of the few companies in the FTSE 100 which pays a special dividend. In 2016 it amounted to 5p per share. It took the company’s total yield including ordinary dividends to over 6%, which puts it in the top decile of large-cap income stocks. In my view, ITV’s special dividend means more than just a high yield. It signals a confident outlook and a business model which has been drastically improved in the last few years. Despite obvious risks from Brexit and a change in CEO, this makes ITV a sound long-term buy. Special dividend appeal Special dividends could become more valuable over the medium term due to the forecast rise in inflation. It has already risen from 0.8% at the time of the EU referendum to 2.3%. The Bank of England expects it to reach 2.7% by the end of 2018, although numerous other forecasts have the figure at closer to 4% than 3%. In such a scenario, investors may begin to favour companies which can offer a relatively large real dividend yield. With ITV yielding over 6% when its special dividend is added to its ordinary dividend, this could make it a prime income target. This contrasts with other FTSE 100 stocks which are engaging in share buybacks. On paper, it may be a logical means of returning excess cash to investors. As mentioned, share buybacks have a positive effect on EPS and can help to support a company’s share price. Further, I believe they make sense when a company’s share price is relatively low and offers good value for money. However, a key part of investing is investor sentiment. Looking ahead, special dividends could cause a step-change in sentiment towards a company’s shares, while a share buyback may have a rather more muted effect on a company’s stock price. Risks While investors buying ITV shares have now missed the 2016 special dividend of 5p per share, the company paid a special dividend in 2015 of 10p per share. Therefore, a special dividend does not seem to be a one-off event. While there is no guarantee of more special dividends, there is a good chance they will be repeated in future due to the improving nature of ITV’s business model. Of course, ITV faces two clear risks to its financial performance over the medium term. The first is the potential impact of Brexit. Already, the UK retail sector is experiencing some disruption from a higher rate of inflation caused by weaker sterling. As mentioned, this situation could worsen and force real disposable incomes even lower. In such a scenario, UK-focused consumer companies may find their sales and profitability fall. This could impact negatively on their advertising budgets. The second major risk facing ITV is the resignation of its CEO, Adam Crozier. During his eight-year tenure, ITV has become a much stronger business. For example, adjusted EPS has increased by 844%, as the company has benefited from a greater international focus and more diversification. Clearly, the rest of the ITV management team deserve some credit for recent success. However, while a new CEO is likely to continue with the current strategy, change inevitably brings a degree of risk for investors in ITV. Investment opportunity As mentioned, the outlook for the business is uncertain. In the company’s Q1 results, it reported a fall in external revenue of 3%. This was in line with its expectations, with the company anticipating further challenges in Q2. However, it expects to grow its share of the broadcast market this year, and is due to deliver strong growth in Online, Pay & Interactive, where demand for online advertising remains strong. Further, ITV Studios is expected to report good organic revenue growth, with over 75% of expected sales secured for the year. ITV is also making encouraging progress with operational efficiencies. It expects to deliver £25 million in overhead savings this year, as well as a £25 million reduction in the programme budget due to the absence of a major sporting event. These savings should help to offset the expected fall in revenue to at least some degree. The company is forecast to report a fall in EPS of 5% this year and a rise of 4% next year. In my opinion, guidance is of limited use in ITV’s case, since Brexit and a change in CEO present the potential for major change which could have a positive or negative impact on its outlook. Its P/E ratio of 11.5 suggests the market is pricing in a large margin of safety, which I believe gives its shares appeal from a long-term investment perspective. Outlook Special dividends could become increasingly sought after. While share buybacks are a logical means of returning excess capital to investors and improving share price performance through increasing EPS, I feel investors may place a greater value on a higher income return. Inflation is forecast to move higher, which could prompt a shift in attitudes towards dividend stocks. Since ITV’s yield including ordinary and special dividends is over 6%, I feel it could become more popular among investors. The company faces an uncertain future due to risks including a change in CEO and Brexit. While this is expected to cause a fall in its profitability in financial year 2017, its share price could perform relatively well. The company is increasing its market share and generating efficiencies in order to create a stronger business for the long term. Therefore, since it has a relatively low P/E ratio and a sound long-term strategy, it seems to offer good value for money. From Master Investor Magazine.
ITV share price data is direct from the London Stock Exchange
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