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Jed how did you miss the news story about the Clueless Entitled One having her share options drastically reduced?
https://www.thisismoney.co.uk/money/markets/article-13237989/ITV-brushes-pay-concerns-boss-Carolyn-McCalls-earnings-fall-2-9m.html
Shareholders have expressed "disquiet" at her enormous bonus and yet ITV have "rejected concerns".
God only knows why she is not just on her basic salary.
ITV’s legal bill soared to £24m last year as bosses grappled with the fallout from the Phillip Schofield scandal.
The broadcasting giant racked up millions of pounds in legal costs in 2023, some of which related to a KC review into Mr Schofield’s affair with a young colleague.
Calculated As At Last RNS Dated : Mon 25-Mar-24
Available Funds : £235,000,000
Total Number Of Shares Repurchased : 14,414,599
Average Price Paid (p) : 71.24
Total Value Of Shares Repurchased (Using Average) : £10,269,039
Remaining Funds : £224,730,961
Remaining Funds As % Of Available Funds : 95.6%
Used Funds / % Of Buyback Completed : 4.4%
Original Voting Rights Before Buyback : 4,052,409,194
Current Voting Rights : 4,037,994,595
Current Reduction In Voting Rights : -0.36%
* Estimated Total Number Of Shares Repurchased At Completion : 329,868,319
* Estimated Voting Rights At Completion : 3,722,540,875
* Estimated Reduction In Voting Rights At Completion : -8.1%
* Based on remaining funds and current average price paid, will vary as buyback progresses
** Estimated Completion Date Assuming Current Velocity : 25-Dec-24
** Based on current average shares repurchased per day, will vary as buyback progresses
A very good article knowingly at least talking well of Itv and all three ,unlike the dreadful comments made concerning BBC relating to The Hamas Doctors and Medics in Gaza spreading untruths igniting demonstrators in UK.
An interesting read, thanks!
A detailed review of TV production in Europe…
“Cause for optimism?”
“Future deal-making“
https://www.screendaily.com/features/in-focus-the-major-european-production-and-distribution-groups/5191336.article
Yes already maxed this years ISA but need to max CGT if I have a chance.
@jed Oddly enough I was thinking same thing and stick half in an ISA
Seems to be stuck at 70-71.5p so will it go down more or up to 75p next week for Divi before it falls back again.
Really need to sell at a good profit before 3rd April inside this years tax year and then buy back on 6th April.
For 3x the current SP.
Calculated As At Last RNS Dated : 21-Mar-24
Available Funds : £235,000,000
Total Number Of Shares Repurchased : 12,197,801
Average Price Paid (p) : 71.24
Total Value Of Shares Repurchased (Using Average) : £8,690,266
Remaining Funds : £226,309,734
Remaining Funds As % Of Available Funds : 96.3%
Used Funds / % Of Buyback Completed : 3.7%
Original Voting Rights Before Buyback : 4,052,409,194
Current Voting Rights : 4,040,211,393
Current Reduction In Voting Rights : -0.30%
* Estimated Total Number Of Shares Repurchased At Completion : 329,849,873
* Estimated Voting Rights At Completion : 3,722,559,321
* Estimated Reduction In Voting Rights At Completion : -8.14%
* Based on remaining funds and current average price paid, will vary as buyback progresses
** Estimated Completion Date Assuming Current Velocity : 01-Dec-24
** Based on current average shares repurchased per day, will vary as buyback progresses
@Forevernever. Like all statistics it from where your starting point is …. It’s 11.5% rise in last 3 months inc today ( and that’s from a fairly low point albeit not the lowest ) . Given all the tailwinds not exactly spectacular but it’s better than nothing tbf
A deranged orangutan could have moved the SP upwards with a bit of thought. The Dame has had over 5 years to ponder this and I'd guess she was forced into it or else. What has she done or achieved during this period to justify about 20 million in reward ?
The best boost to the SP without any doubt in my mind is for her to admit the job is totally beyond her limited capabilities and leave.
We have risen in the region of 30% in a matter of weeks. Therefore we are not going to see a drastic increase every day when many shares are still sitting close to their lows.
Everything is moving in the right direction and when noises start being made that companies are spending on advertising again and more confidence returns we will just keep going up.
Im very relaxed about this position. Upside far outweighs downside and thats how I like it
I agree hence my post at 9.48. . Market up 1.7% . ITV up 0.2%. With interest rates apparently peaked in this cycle, buybacks and US media corporate activity I’d regard this as a poor day. It’s a thin market and movements( either way ) should have a disproportionate effect on SP. I’m familiar with derivatives but by no means expert so confused as to why the shorts aren’t being closed/reduced which ultimately would effect underlying market
Its a tad disappointing when the general market is up close on 2% and this lame duck is struggling to stay in the blue. I'd hate to see the reaction on a bad day. Can't see what's going to change anytime soon unfortunately either.
Both spent forces had their day yesterdays people along with their botox and facelifts their fame for 5 min has gone
Real investors who use translation apps and still their gibberish makes no sense to anyone.
The reason that Greggs and War Hammer are worth more than ITV is that they hire decent CEOs and Board members. Not Carolyn and her many Cronies who all want millions to do nothing.
Trolls, trolls, trolls ... the happy id***s with multiple accounts
Fortunately without any huge without any significant impact on ITV and its shares. And real investors should once again be advised to be patient. We've waited so long and another few weeks won't make a difference. And let the trolls keep their tongues open and make your nonsenses, because we who actually invest in ITV will soon enjoy the dividend, and it will also be time for the share price to improve. And trolls only will remains is stupid discussions and accusations.
Lots of good news, despite the daily regurgitation of sack the CEO.
ttps://rxtvinfo.com/2024/itv-profits-from-sports-coverage/
Attention, new investors: Be wary of WimbledonTom's motives, aimed at impeding ITV's advancement. His persistent attacks on the CEO, are his primary tactic. He frequently adopts alternate pseudonyms. Those who recently sold their shares because they were influenced by his nonsense are no doubt regretting it. ITV
I tuned into Good morning Britain for the first time recently only to be faced with Ed Balls. Is this the best they can really come up with ? What ever the opposite is to charisma he's got loads of it.
Who would have thought that teenage boys and men who have never grown up are a more profitable market than 90% of the British public who watch free to air tv.
Clueless Entitled One taking 3.5 million a year and yet the business is less valuable than niche high street retail. The average homeless persons on the street would make for a better BoD and their drinks bill would be cheaper.
I’m with you WTom. Not impressed by CEO or BoDs . This really should be higher re SP. I get get the impression something else must be going on that we are not party to but have no evidence .
Indeed, we struggle to get 72p on a good day.. the CEO and her bunch of doughnuts on the BOD are still a long way off from repairing that 30% drop they caused when announcing ITVx and their credibility with the markets.