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Could not put it any better Omalley, well said !!
She forced this SP down to 70p with her "well paid" for bad decisions/management.
Sack the CEO and the BODs now!
It appears the general feeling is that if ITV get shut of the gutter snipes the SP will respond positively. I'm convinced.
What is it that she's actually achieved that somebody on half her salary couldn't have ? What makes her so special to deserve being paid over 20 million to trash the SP ? I'm lost for words how anybody could support her.
@BigEgo , a mistype old chap ( not got my reading glasses with me today ) but the thrust of my post remains the same . The SP isn’t going anywhere very far while company is run by incompetents who don’t deserve their remuneration
Spaghetti25 - No not " c28 million shares"
Total Number Of Shares Repurchased : 38,075,071
Total Value Of Shares Repurchased (Using Average) : £27,184,419
If c28 million shares have been bought via buyback , given tailwinds of a general rising market and next interest rate move likely to be lower I can only assume from a fairly flat SP that institutions are selling into this rise . If we are lucky we might get 85p this year but that’s your lot and I’ll be out of this dog before then. CEO and BoD are the problem. No real recovery until they are gone .
Becky Emmett returnd to her ITV roots:
https://pressgazette.co.uk/the-wire/media-jobs-uk-news/itv-news-itvx-newsnight-acting-editor-becky-emmett/
NEW: Added - Average Daily Value Of Shares Repurchased
NEW: Added - Largest shareholding analysis
Calculated As At Last RNS Dated : 22-Apr-2024
Number Of Active Days (count of RNS Buyback announcements) : 27
Available Funds : £235,000,000
Total Number Of Shares Repurchased : 38,075,071
Average Price Paid (p) : 71.40
Total Value Of Shares Repurchased (Using Average) : £27,184,419
Average Daily Value Of Shares Repurchased (Total / Active Days) : £1,006,830
Remaining Funds : £207,815,581
Remaining Funds As % Of Available Funds : 88.4%
Used Funds / % Of Buyback Completed : 11.6%
Original Voting Rights Before Buyback : 4,052,409,194
Current Voting Rights : 4,014,334,123
Current Reduction In Voting Rights : -0.94%
* Estimated Total Number Of Shares Repurchased At Completion : 329,145,957
* Estimated Voting Rights At Completion : 3,723,263,237
* 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 : 04-Feb-2025
** Based on current average shares repurchased per day, will vary as buyback progresses
*** Largest Shareholding (Liberty Global) (taken from simplywallst) : 398,515,510
*** Current Size of Largest Shareholding (based on Current Voting Rights) : 9.9%
*** Future Size of Largest Shareholding (based on Voting Rights At Completion) : 10.7%
*** Assuming Shareholder does not reduce holding size during Buyback
ITV 2024 Buyback - Value per day (as at 22/04)
Graphical representation of the daily £ value of the 27 buyback RNS's so far, showing the most recent 2 broke the slight uptrend
https://ibb.co/QYx1p2q
Will you be making a bid for itv pogo in the near future
Coming back to my question...
I won't be surprised if some new declassified buy recommendations for ITV shares appear on the market in the next few days. But as usual, these are just my speculations related to the observed situation on the ITV shares stock.
Strike123
I don't want to and have no right to advise you, but in my opinion the banking sector has the biggest profits behind it. Therefore, I rather believe that it would be best to sell the shares held before the financial results of the largest banking companies appear this week. The near future continues to see growth in the military and technology sectors focused in this area. In addition, it is time for companies related to the individual consumption market and the related entertainment and advertising sectors. These are just my observations and my own thoughts.
Revshep,
"I was always taught that to invest wisely, it was better to invest in serveal different companies and in different sectors of the market, to speard ones riak and to get a blanced portfolio. I must have been doing it wrong all of these 60 years that I have been investing?
"
I had nearly 15 companies just before pandemic struck and all 15 were down and couldn't avg down much in all 15 companies as you can imagine need to double the investment in all 15 companies. Even now I have 15 companies in my portfolio. Few go down and few go up and it feels like my investments did not move much as I do not sell when in profit and that profit erodes eventually due to the macro factors.
I'm thinking to change the strategy this year and have maximum 3-5 companies and top up when they go down but still not clear when to bank profit as the moment I sell there is a fear that it might go higher after I sell. With RR sold early after nursing loss for nearly a year and now lost big profit on that although have £4k profit on it currently. Again not sure if I should bank profit on RR yet but will leave it for now.
I dont have any in trusts and funds. All in stocks.
Would be good if others can comment on their strategies.
As a reminder: the average buyback on the ITV market is between 25 and 30 percent of volume up to 4.30 p.m. It's also worth taking a look at the day order - transactions book because it looks interesting too.
I have no intention of thinking for anyone else on this forum..
Are you even of an age where you can legally drink?
"rapidly increases your job"
Please translate the above into a phrase that makes sense.
I think buyback is able to slow down for 2-3 days, but after this time they need to accept any ITV price and rapidly increases your job.
Will be nice to observe all next sessions up to the Friday.
But it's my holiday. Sunshine and another drink time ;)
Pogo your post makes no sense whatsoever. No new game here. This is buybacks. BigEgo spells it out far better than you ever can. You pose questions. You then answer them yourself. You insult everyone else's intelligence.
BigEgo's post about buybacks every day are incredibly useful. Looks like somebody is authorised to scale back or increase buybacks. We were looking at 2 million a day initially. Looks like a target price has been reached and less support is now required?
After only 391k as a buyback result today, just want to repeat my question again. What do you think about this? Is it a new game' player or an "earlier" investor with a rich cash portfolio which just rapidly from last week increasing your ownership and investment in ITV shares market? That is a good question, because "why" is at least clear to me. And it's better to think about and draw conclusions like just stupid conversation, how some people are be able to make some money in the past ,.. but... always someone or something always stood in the way of their investments, even if they lasted 60 years.
Just in - only £277k was spent today... interesting - definitely a choice was made by someone for some reason...
Date of purchase: 22 April 2024
Number of ordinary shares purchased: 391,408
Volume-weighted average price paid per share (pence): 70.91
Pogo and herein lies the problem with your narrow, myopic and blinkered trading strategy (you really have exposed your amateur nature today).
Nothing unusual has occured with ITV today. There are no new players and to start making up such guff makes you a liability on this forum.
Take a look at the wider market today Pogo and you will see why ITV is up. Most shares have recaptured some of last weeks loss. My MKS share are up 4.3% today. I have taken that gain and will look to buy back tomorrow there.
I am way smarter than you. I look at a whole multitude of shares. I pool knowledge with friends. I cash in on small gains and make money where you are too frightened to act.
Focussing on one share and advising everyone to hold has exposed you as a one trick pony and poor investor.
Time to back to basic. That means to ITV shares price. Judging by the upcoming ITV price close and my conclusions from Friday, was I right that another player has joined the game, or the current one is significantly increasing his position? It's probably worth taking a look at today's order statistics and buyback amounts after the session.
Revshep
60 years investing...
Hm, another lovely inwestor. Are you from Tom's family?
No offence. Lack of knowledge is not a shame. However, the effects of portfolio fragmentation are easy to check.
An extensive stock portfolio consisting of a dozen or more companies is a big mistake for investors. It is also, in fact, an admission of one's ignorance, lack of understanding of the market, ignorance of market trends or lack of knowledge to determine them.
POGO old Warren Buffett and a bunch of other Billionaire investors have been doing it all wrong. No two successful investors are the same, your the ignorant one! But good luck anyway, on your quest!
Afraid I cannot see your argument. Do unit and investment trusts only invest in 3-4 companies? I was always taught that to invest wisely, it was better to invest in serveal different companies and in different sectors of the market, to speard ones riak and to get a blanced portfolio. I must have been doing it wrong all of these 60 years that I have been investing?
An extensive stock portfolio consisting of a dozen or more companies is a big mistake for investors. It is also, in fact, an admission of one's ignorance, lack of understanding of the market, ignorance of market trends or lack of knowledge to determine them. This also means an increase in average costs and a lack of practical understanding of the situation of companies whose shares are part of our portfolio. It also makes management and making effective investment decisions difficult. A small or medium-sized individual investor with capital below £1 million should focus more on the market segment he or she selects and understands, limiting the portfolio to a maximum of 3-4 companies. Splitting the risk among many companies is, above all, hiding one's own losses in their multitude and not a way to gain profits above the market average. This may be an effective psychological defense of our ego, but certainly not the value of our wallet. Describing selectively imaginary profits, although perhaps exciting, is ridiculous when we compare the value of our entire portfolio. Well, but of course we blame everyone but ourselves for the losses. This is a minor digression from the discussions and descriptions conducted by some people. As for me, my stable portfolio based on ITV brought me almost 9% profit this year and several percent from this year's investments. I'm satisfied with that.
Then the local trolls will be silent for a few weeks, only to return to the glory of those who made purchases below 60 pence, love the CEO and are triumphant today, unlike the local investors and plebs.
Pogo or Puggled! when are due back on the Planet Earth? What a stupid post, you have ITV owing you twice the 60p you wish was your stand in price. From 200p to 70p is the real world!