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OMG we have some of that type on this board.
It's called treating everyone with respect.
Too many leftie, box ticking, snowflake wokes running our media now days in many cases. Trying to please all the minority small diverse interests, but alienating a lot of the main stream audience. The CEO knows who her audience are, but instead would rather appeal to the left wing audience, half of which will never watch ITV. We need someone with a bold insight here, then the current content may be worth a fortune in the future but a lot of the current rubbish won't.
We’ve had nearly 4 years now of a diminishing share price under our current ceo. That is sadly the actuality for long term ITV shareholders. Where’s the ceo’s vision to create shareholder value? We heard all the blurb on her appointment about how effective she was at taking a share price and doubling / trebling it. I don’t see any of that. The Guardian is hardly a financial success story. Adam Crozier had a plan to create shareholder value when he was ITV ceo. Remember the 250p a share days at ITV 6 years ago? We urgently need someone similar to Crozier at ITV to focus on delivering for shareholders. I don’t want a ceo who is content with a share price languishing in the 100p doldrums (& below). I want a ceo who is going to take the share price to 250p+. Just look at our assets and our value potential. It is huge. i.e. The CEO's reign has been an unmitigated disaster for the ITV share price. Good luck all ITV investors, Brighty
"So far the CEO's reign has been an unmitigated disaster for the ITV share price. In 2 months time we will be 4 years in to her tenure at ITV. Our share price is so under valued. Time for a change. Brighty"
While the facts speak for themselves Brighty, you have to also look at the circumstances. We have had years of Brexit uncertainties and a global pandemic to contend with? I'm not sure anyone else could have done any better under these circumstances. Let's see what happens when results are announced on 10th November.
I think I now agree with you about that Brighty
So far the CEO's reign has been an unmitigated disaster for the ITV share price. In 2 months time we will be 4 years in to her tenure at ITV. Our share price is so under valued. Time for a change. Brighty
Nige, come and gloat over on the correct forum. People will soon put you right. Billions in debt paid off. Billions spend on renewables. If anything the BOD is being sensible keeping profits low and not splashing out on shareholders as government would then come down hard with a windfall tax.
Did you read 7 billion to be redistributed to shareholders next quarter from the sale of assets?
BT..... "I will be off enjoying the oil and gas party over the next few days. Record prices and bumper payments. Just got to dodge those windfall taxes but it feels great to be in a company making huge money whilst everyone else is having to go without dividends."
Not too bad profits only down 25%. PMSL
LONDON (Reuters) -Royal Dutch Shell (LON:RDSa) set a new target for its direct operational greenhouse gas emissions on Thursday, reporting third-quarter profit down 25% to $4.13 billion from the previous quarter, below expectations.
Exactly that. Trying to save all my best mates here. The Dame is stiching you all up. Going to throw you under the bus. Mug you off. Small investors bring nothing to ITV. She wants to create a semi public/state owned media company with close links to the government and BBC. She has trashed the share price here and yet still people believe she has their best interests at heart.
I will be off enjoying the oil and gas party over the next few days. Record prices and bumper payments. Just got to dodge those windfall taxes but it feels great to be in a company making huge money whilst everyone else is having to go without dividends.
"hear"
DW, good to here that you made money, not lost it in AA. GL.
M&S were trading well above £3. After the right issue was announced to buy up a controlling share of Ocado they fell by over £1 to the level they are back at now. £180. The nIge's of this world who hung in there were sold out and badly let down by the board. Somebody somewhere profited from the 600 million buyout.
"Just look at the AA, went for 35pps, almost criminal what happened there. But they were floated with huge debt, writing was on the wall."
Wow DW, that's some fall mate? £4 to 34p. I hope that you dodged that bullet.
"And Nige only ever promotes ITV. Like a good paid ITV PR guy."
Not at all, I say negative things when it's merited. You on the other hand BT have an ulterior motive. Why do you hate Carolyn McCall so much? My guess is that you gambled your inheritance in a company that she was involved in, it went TomTit's up, hence the reason why you blame her for your financial mess. No doubt you won't answer this question.
Not sure why ITV would need to do a rights issue. ITV could afford to purchase Channel 4 without the need of one. Not all RI's are negative anyway, if they're done for a positive reason not for a negative one ie. to survive.
And Nige only ever promotes ITV. Like a good paid ITV PR guy.
Healthy discussion as to how ITV might set about financing a C4 buyout could be constructive. I would not rule out collusion between government ministers and ITV board where deals are done to buy C4 at above the fair value in return for jobs and positions elsewhere once they leave ITV.
This government is all about kickbacks and deals with friends of friends. I would be very wary of any deal done with government which is handing out billions to its friends in legal contracts but ones done on very favourable terms.
But it's not an unexpected seminar, it was announced at our last results, stop trying to look for something that's not there. Your hatred towards Carolyn McCall is unhealthy to say the least, this is your only objective to this thread is to discredit her in anyway that you can. Shameful act by you BT, shameful.
Has ITV ever done a rights issue before? Recent history?
Anything is possible at an unexpected investors seminar but I get that some of you would rather not discuss worst case scenarios here where Carolyn sells you all out in return for personal rewards for herself
I'm beginning to warm to Tom. No disrespect towards anyone at all but agree that small investors aren't even an afterthought to a power crazy over rewarded Dame we've been stuck with for far too long.
P
No need to get so defensive Nige. Carolyn has shown she cares little for small shareholders. If the government came to her asking her to buy C4 off the public and create an ever enlarged media empire she would probably seize the opportunity. She could even negotiate a further pay rise for the increased responsibility. Small shareholders would foot the bill, but Carolyn would be suitably rewarded once she eventually leaves ITV with nice board positions or special advisor roles to government.
Just look at what happened to the shareholders at M&S when the board there decided to buy a controlling stake in Ocado. The markets turned on them and small investors got burnt.
If ITV were to acquire CH4 I wouldn't be surprised to see CH4 bring back their 1980's soap opera Brookside for extra advertising revenue. Kerching!
Radiogent... "C4 makes tonnes of profit, however their remit is to reinvest in to UK independent production companies."
So true mate, CH4 isn't allowed to make a large profit, it invests everything back in to the channel. Only the ignorant wouldn't know this. I will be surprised if the government allows ITV to purchase CH4 because ITV would have 70% of the advertising market. If the purchase price is £500m, this would be a great acquisition for ITV at a very good price. No need for a RI, just a scare story by the ignorant fool. I'm looking forward with great interest to our Q3 results that should show a very strong recovery in advertising. Bring it on.
This is the spanner in the works as the result would be the closure of regional indie agencies and the Leeds HQ - this goes against the 'levelling up' mantra set out by the government, hence why if anyone buys them they would either have to stick to this arrangement.
this should stop or rather will be slowed down if it gets taken over by a big co.