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Nice to close at 73.55 as this marks the first close where ITV is north of 70p whilst also taking into consideration that once it goes ex-div on 11th April 3.3p will be deducted from the market price.
Or in other words for those who don't understand - if you buy a share today for 73.55p you are actually buying 2 things:
1) an ITV share priced at 70.25p
2) an income stream of 3.3p
I would like it to stay north of 70p ex div now! :)
1% rise is 30 minutes.
Looks like majority shareholders are turning on the Dame and starting to dictate terms to her. No more 3.5 million for failure.
The Dame will be busy with this from last week ---Complaint lodged after ITV editor sparks fury for saying ‘we don’t want white men’----or maybe not.
I know the feeling Jed. I bailed last week thinking it'd do the customary drop so I could buy back and still get the divi.
Still holding my main chunk albeit severely ravaged since the clown took over.
So I have just sold a quantity and made good profit to max out this years CGT allowance while still holding more for Divi, I know the SP should build more for ex Divi date but hoping it drops back a bit now so I can buy more back in for divi and sell again.
It's all a gamble to get the timing right. But we all know that now I have sold the SP will carry on going up.
A reboot of Jim'll fix it with Schofield as host would pass the Dame's safeguarding. Even the KC who did the enquiry would sign off on it.
I noticed my voting options for the AGM are in. That must be where the big funds have already notified ITV that they intend to vote against McCalls remunueration. Possibly we have a shareholder revolt on the cards where investors go against the Board's recommendations.
Vote of no confidence in the Dame
Wouldn't surprise me for her to have plans to let Schofield worm his way back into the limelight. He's done nothing wrong according to her. Maybe he could be the frontman for a new series of the Banana Splits.......
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.