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Every year ITV falls during this summer through to winter period. Just look at the graphs. The facts speak for themselves.
Ignore the endless Pyongyang pontifications. The fundamentals behind ITV have not changed in the past few years and yet the price is always pushed lower by external forces/factors.
Once the buyback fund gets to 100 million which could be by autumn then the shorters are going to smell blood again and start betting against the SP.
The only thing that will stop the SP fall would be the removal of Carolyn, her cronies and their mistresses but as ever we can only expect inaction there.
So take a look at other shares with better growth potential that are paying dividends over the next few months (October is next ITV dividend date).
Please do not be a Pogo and get caught yet again in October with all funds spent on a share that is well below your entry point and on substantial losses. Be smart, be agile and trade around the ITV dips. No recovery to £1 here until the Dame departs and that could be 2025 at the earliest.
Again this will go to 60p by November.
Oh dear, it looks like Tom has burned his fingers yet again – it's truly amusing to witness his pointless ramblings.
Attention, new investors: Be cautious of WimbledonTom's intentions to hinder ITV's progress. His main strategy involves relentless criticism of the CEO, Carolyn McCall, with nearly every post containing negative remarks about her. He often uses different aliases. Don't listen to this clown.
A slow climb northwards to reach close to £1 by October I hope.
Winstanley
You say compliments. The word "clown" is not like an "idiot" uttered by me to describe him. In this case, I have the impression that stupidity doesn't hurt. So I guess my definition of this phenomenon is more accurate.
Very good, Pogo!
Worrying to see that some of the board's less balanced posters are here posting when the markets are closed and not talking ITV but continuing their imagined feuds with internet nemeses. Get out more. Weather has been lovely in London today.
Anyway the slide now looks to be on. Back to 75p this week possibly. If the FTSE takes a sudden turn then we can expect ITV to lose more than the average for the 250. 70p is a distinct possibility by end of June, then as the buyback fund starts to be depleted the shoters will all move back knowing they can get this back to the 50s.
Some people never learn and doggedly champion a CEO and Board that were earning more at EasyJet for renumeration packages at IT that do not reflect their performance and therefore mean they can swan around drinking in wine bars and watching cricket at Lords.
Https://www.mirror.co.uk/tv/tv-news/itv-call-crisis-meeting-loose-32845381
8pm tonight the news broke. Crisis talks at ITV. Shows just are not getting the ratings or the revenue anymore. Of course everyone has seen this coming and the Dame should have kept a lid on salaries back in 2018.
9p now wiped from this share over the next week?
Dame Milquetoast must have seen this coming for years and so has put the buybacks in place to save her own job once the high paid staff turn on her. She needs shareholder support now to save her 2.9 million a year package but maybe it is too little too late.
Glad I am out of this as it is terrible news to put out in public.
emma gormley has delivered the news. 3 month contracts. pay freezes.
https://www.mirror.co.uk/tv/tv-news/inside-itvs-crisis-brutal-contracts-32848483
looks like large scale layoffs are happening. summer **** up is cancelled. ant and dec are now too expensive for itv and might have to defect to bbc.
To think only 10 weeks ago we were being told that AD sales were recovering. Now ITV are setting up to cut jobs across all of daytime. Stripped back shows are not going to attract the increased sales the Board were promising investors.
Corporate spin and now we see the reality
I am still here as I need to keep informed for when I do buy back. Some day the Dame and the EZJ cronies will move on and ITV may under competent management return to the FTSE 100. Why miss out on that?
As for the ITV advertising in return for equity in startups it smacks of desperation but beggars cannot be choosers. They get to show investments on balance sheet when otherwise advertising space would never even sell.
McCall OUT
With this CEO in place, nothing will change. SP heading to low 70s again..
Back to 76. Now the slow learners amongst us will still be chanting £1 but the brighter students who have watched this share for years now know it goes into summer retreat.
The dishonest rampers will tell you that advertising is recovering and yet ITV on the floor are imposing pay cuts and encouraging the big earners to take breaks as viewing figures plummet.
The people who have failed in life will tell you to put your faith in a CEO who only made it to Canterbury at 18. In my day if you went to Canterbury to study it was because you only got U's or E grades at A level. To put your faith in a CEO who has wiped 10 billion off the value of a company. A CEO who knew about a sexual predator and failed to act and then went on to lie to Parliament to save her own skin. A CEO who claims to have cleaned up yet still keeps her cronies mistresses on the payroll.
This is going back to 60p. You can be a Pogo and a Winnie with "incestments" and questionable grasp of English and reality or you can invest elsewhere for the duration of the fall and then come back for the day the EZJ cronies are sacked.
So on a day with dividend reinvestment and share buybacks propping this share up it still falls.
Massively over valued now. Anyone who is not profit taking is insane. CEO is firmly entrenched so this share is doing nothing unless she does a Sunak and announces a snap resignation
So to summarise.
You have no confidence in the CEO
You see short term pain here before the SP eventually pickups.
You believe erroneously that ITX like Britbox will bring viewers back to TV when audience shares the world over are fragmenting.
Sell man. Have some courage and do the right thing. The odds are against the current bunch of incompetent theives at the top moving on. Better to make money elsewhere and then try to time it right for the EZJ cronies to depart from this once great UK company. The talent is in the UK for TV just McCall and cronies are squandering it right now.
Looks like a short attack again followed idiot Sunak calling GE.
If short tracker not updated with short positions by tomorrow then some profit taking going on. Real test now for the buybacks.
It is profit taking. Anyone with sense is bailing out and right now the LTH are starting to resemble the cast of the Muppet show. Freaks, weirdos and old gits. People you move away from in a pub.
Oh dear Tom, you are on a roll. Funny though when the share makes gains, you say nothing, when it drops it clearly becomes an opportunity for you to sow your seeds of doubt and discontentment. As someone said earlier you have no interest in this share, you have no holdings(actually in anything), so why do you linger?. Your message about the CEO has been heard time after time, after time etc etc.
Now for those who don't know you I have advised a number of times why you hate her so much and that is because you lost a considerable amount when she was at the helm at Easyjet. Its time to let go. Its time for you to accept the decision to buy Easyjet was yours, you are the owner of that decision. You have nothing left now except the continuation of lies that you try to depict a lifestyle you can only dream on. Well, as you know i have been quiet recently, but when I saw a post from a respected poster who has filtered you I thought that was a wrong decision as it means thats one less person to try and add balance to your distorted view. So ever so often I will post (so long as you continue) just to remind new posters that your views are at the far end of the spectrum and augmented by the repetition of abusive, ferocious and unhealthy attacks on posters and their views that serves no purpose.
Now your normal response is to say you will continue to advise of the worth of the CEO, her achievements, Her remuneration package etc etc but this time just listen to what i have said and that is I don't necessary disagree with your views the difference i can say it once, repeat it once in a while but for you it goes on and on, and in the process you insult and try to cause division. Let it go.
Anyway ramble over, until the next time.
Hi Tom
I mainly agree with your comments, for me you are one of the best posters on this forum, however even though I agree with your comments about McCall and the board of directors you are beginning to sound like a broken down record player.
Oh dear Janus is back and repeating the same old lies. How many times do I have to repeat my backstory? I worked at ITV in 2006. I have been invested in ITV for more than a decade on and off. Never interested in Easyjet. No idea who McCall was before she was appointed to ITV in 2017.
I have been vocal here for the past 2 weeks as the share price has risen. I have been vocal here since the buybacks commenced. My posting history will show that. Janus' posting history is predominantly posts about myself. He/she stalks me across these forums. The majority of their posts are not about investing but are attacks on me. Janus offered to leave the forum in 2022 if the share price went below 120. Still here
I get some of you want to shut down the message but this forum is one of the best places to communicate issues with the EZJ cronies ruining a FTSE 100 company. It also helps to second guess the dips and rises here so that many of us Long term guys can actually make money out of this share.
Now back to usual programming. The share price will continue to drop tomorrow. Who will be bold enough to take their money elsewhere. OMalley is posting on the BP forum and looks to have bought into the rise there today.
Oh Dear Tom nothing ever changes. Zzzzzzzzzzzzz
Just for those who don't know one of your false poster IDs is that of O’mally( reportely as a window cleaner from Rhyll (not)). Most people will have clicked onto that by his(your) automatic recommendation of your views.
As ever you like to post insightful information stating that the share will go down tomorrow, all to add to your credence. However at this moment in time following a sharp(ish) fall on wall street the Uk 100DFT is currently showing to be in the red by -52points(-0.62%). So unless it changes from when the indicative markets opening at 23:00 and through the night then most shares will be down to some degree tomorrow. So not a reflection on ITV but simply market sentiment. So come on Tom forget the predictable predicables and just stick to comments of measurable relevance. Your welcome.
Winnie posts an article and yet fails to read it.......
If she did it would take a whole different context. The 100million in the headline is the amount that ITV fork out for BGT. Britains Got talent is made by Thames/Fremantle which in turn is owned by RTL.
The article also goes on in great depth about how Simon Cowell is receiving therapy for the stress caused by falling ratings. He is the one selling this format to ITV and yet every year the viewers are leaving. That 100million price tag is getting harder to justify.
So TV execs are desperately scrambling around trying to find way to maximise revenue.
But as we know ITVX is not the golden goose that the Dame promised. The most watched drama on ITVX, MR Bates vs the postoffice lost ITV over 1 million.
Real Crisis at ITV with free to air. SP will only fall as a result. Do not believe the spin. Do what the directors do and sell. No long term future here until Carolyn's cronies find a new host to feed off.
Evrything you need to know about the crisis at ITV in one article.
https://www.telegraph.co.uk/business/2024/05/21/itv-cut-200-jobs-ad-revenue-tumbles/
Falling revenues. Job cuts. Hiring freeze.
ITV needs to pull free to air and make ITVX subscription. Bold move which needs a well thought out transition but the Dame is too weak. 6 years now where she should have made the move to paywalls.
Pogo that 72 figure was only available for a brief minute or so this morning. Hard to believe you bought in at that price. Porky pies?