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Let me help you on with your coat.. five eighths (or should that be a nice round figure of eight eighths, but you gave away three eighths down the pub?). Nice story anyway. :-)
That would be peanuts for this share !
I’d be happy with that....
Yes knew that you meant £200 million. Lol
Of course I meant £200 million for the Southbank
Property not £200
Interesting jigsaw you've been assembling there...here's hoping you're right; i'd be happy with $2.50 (even tho i dislike Google!)
"The sale of the Southbank site for c £200 is expected soon and shouldreduce debt to EBIDTA ratio to1-1 which is nothing"
Good post Dallo,
yes the long awaited news regarding the sale of the southbank site for c£200mln will be well received by the market, I think.
The widow of opportunity for any US predator may be closing with the end game in sight regarding Brexit, and subsequently the future strength in the UK Pound after Brexit.
I feel if a predator doesn't strike soon, with the recent strength in the ITV share price. (Although from very over-sold position) the ITV bargain may be missed, or become more expensive. I must admit that I was expecting an offer from Liberty before now, with it Liberty sat on a 9.9% holding and a cash mountain (£17bln) from asset sales to Vodafone.
After the announcement of Apples $7 billion bond issue yesterday, I went to bed scratching my head as to why a company with over $50billion in cash sitting on its balance sheet together with tens of billions of securities also held is issuing a 30 year bond which is tiny in comparison to the market value of the company of $1000bn !
The company states that the issue was to finance 'share repurchases, dividend payments, capital expenditures, acquisitions and repayment of debt'. So the company is telling us that as there's 'only' $50bn in the bank and 'just' tens of billions in other securites, it needs to raise funds via a bond issue ?
This morning no news, nothing,no-one has blinked an eyelid which I thought was rather odd and not to mention yesterdays gains in ITV on just slightly above average volume.
And this morning very steady again as the price has been all week.
Now back to the bond issue (and I think you will all like this bit).
What if Apple approached Liberty to find out what the company's intentions were with regards to its interest in ITV, the whole world and his wife knows that content is king and media companies are ready to splash the cash ?
What if Liberty's intentions now no longer involve ITV and is looking to exit (as BskyB did previously, selling its ITV stake to Liberty) ?
We all know these US Banks are colluding amongst themselves, so what if over a few beers and burgers at one of the finest Platinum Lace outlets, Liberty have said that they have taken around 50p in total dividends over the last four years or so with their stake in ITV and now want $2.50 per share in ITV for a complete exit.
Sounds ridiculous doesn't it, but then in the same breath what if Liberty have said they don't want dollars for their stake but they want a medium to long bond arrangement in Apple as exchange, we all know the dollar is in for a very rough ride from hereon in !
Now as some of you may know that through Goldman Sachs, a near 30% interest in ITV has been recorded, no-one knows the exact nature of the holding apart from the 9.9% Liberty have disclosed to the SE. We all know Goldman are up to every trick in the book, so it wouldn't surpise anyone if they had more than a 30% interest in ITV on their books somewhere.
Now back to the Apple Bond, I mentioned that the figure of $7bn was tiny in comparison to the value of the company but what I also found rather strange was the figure of $7bn, not $5bn or $10bn, as in most issues, a nice round figure.
My final what if, what if the actual issue was $10bn worth of bonds, and $3bn was given to Liberty in exchange for their 30% interest in ITV, leaving the headline $7bn ?
And guess what , $10bn for itv would equate to $2.50 a share give or take.
(I'll get my coat !)
I think I'll be to senile to give a 5hit by then.
A few stalwarts here have kept
the faith despite the share price crash
The fundamentals pointed to an irrational
degree of pessimism by the market brought
about by Brexit,the advertising cycle and
the dumping of UK assets by International
The % of direct TV advertising revenues is expected to drop to below 40% of total over the next 2 years and ITV Studios fast becoming
the most valuable part of the group with
a standalone valuation of £ 5/6 billion
Throw in Britbox, the Hub, direct to customer
Marketing and the value of it'so large franchises such as Love Island, I am a celebrity...., the Chase and loads of other International shows and you see why ITV is such an attractive takeover
Look what's happening with the European
TV/ Media consolidation wars at the moment
and the scramble for content by the mega
I am very comfortable with ITV and exciting times
The sale of the Southbank site for c £200 is expected soon and shouldreduce debt to EBIDTA ratio to1-1 which is nothing
Eventual takeover price for this share if it ever happens has to be north of £3 but then we have got to wait for those who are supposed to be running the country’s affairs to get themselves sorted out .
Hopefully we might even get the two short sellers of ITV.L to short cover more (ie repurchases) - as long-termer BlackRock last did publicly down to 0.57% short, recently reduced on 30 August. But UK-based Marshall Wace is back with a massive 0.50% position on 27 August, a contrary view to many professionals. The good news is that BlackRock has been wiser to date, Marshall Wace is in a significant "paper loss" area in its current position at present, hoping of course for worse times unlike most of us. It must also be hoping for no M&A activity which would be a significant hit to its asset management credentials and take back and more any profit from shorting ITV to last April. Possibly they're simply taking equity positions with good liquidity for the worst possible Brexit crash? In terms of risk/reward and prospects, I beg to disagree and can afford to be wrong as I only have to account to myself!
The max price that day that MW could have received (piling on OUR misery) was 115.3p, and the average is likely to be less.
Retains "buy" rating. Seems a big jump but actually not so if you look at where the share price was only a few months agol It needs professional backing like this to continue the current progress.
I was wondering why the stock was so strong all day , with volumes nothing to write home about.
Maybe just maybe there could be loose talk with regards to the following, it does make me wonder :-
Content is king and ITV have it.
One of the big companies with deep pockets will swallow up ITV for it's content. IMHO.
Summarises my own feelings - paper loss presently at this price as medium private holder (multiple 5-figure GBP) due to buying times being in past years and recently somewhere around 126p, but never sold any and no plans to. I've received fantastic well-covered dividends to partially compensate and I'm quietly confidently of better prices in the end, regardless of the politics, I suspect some professionals simply ditched everything early in their judgement of cycle regardless of subtleties, knowing they can buy everything back in a morning on their perceived upswing (M&A case excepted!).
Even my broker who doesn't make any significant money out of such things said he liked it and didn't know why it was so cheap. In the USA even with the cyclical aspects of the advertising part a company of this quality would attract a much higher multiple and probably be fought over by Disney, Netflix etc. If it stays below 130p near-term when dividends arrive from various holdings a top-up will be a near-certainty.
Absolutely on the nail never going to happen to many for and against . We can revert back to square one with the remainders of wich I was one but decided to hope for the best and resigned myself to leaving the EU . But now it is going to be a completely lost cause and we can think of areal takeover bid .A-complete waste of money resources and worst of all Time .
All advertising from the government gets pulled if there is an election
Nige, I tend to agree and in the next few weeks there will be significant advertising for the general election , so another silver lining.
I suspect that Brexit won't happen. The pound will rise in advance of this possibility. The window of opportunity may well be closing for any cheap ITV bid.
ITV have content that rivals want/need.
Share price spiking now.
Bidders get in line.
I would agree Trent,
I would expect a low-ball offer to start with, it's then up to our BOD's to show what they're made of.
Interesting times ahead, I hope.
I WISH THEY WOULD HURRY UP NOW AS I am getting fed up with owning them . But the division have been good .
Yes you are probably right. But we all know, or suspect that if there is at least one predator fishing, they'd go in low to test the water.
As you say, they'd be told in no uncertain terms where to go. But doubtless they're likely to try it on to see if/what they'd get away with. I would hope that our bod would tell them what sort of figure they'd consider. If they are serious, they would then come back with an offer somewhere near it.
Multiple bidders would of course be an added bonus.
No they have been up to that while I have owned them and I have been se lying and buying they were originally bought for penny’s .