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76.5p, is this a blip or just pre market moves or just the way we are heading ?
I wouldn’t be taking my financial news from the scaremongering Daily Mirror click-bait. The SP has barely reacted at the open.
I do not think we have to much to worry about ITV at the moment Jed I am happy not to be waiting for a drop to buy in like some on here .
"Listening to the words of an idiot makes us an even bigger idiot than himself ".
Pogo I read everyone of your posts. Does that make me intellectually challenged? You can barely read and comprehend English. Everyone of your posts goes through a translation app.
Anyway over on the other place there is mention that the Share Buy Back has been stopped!!!!!! If they are asking stars to take cuts and salary freezes then maybe the 200 million on buybacks is now seen as a slap in the face to staff who are used to champagne dinners. Why should Loose women go without their prosecco whilst 200 million is going on proping up rich shareholders investments.
itv has literally been talking about cost savings for ages, and even how they are accelerating them now - in interviews, in annual reports, in trading updates.
then the mirror(!) gets hold of some of the cost savings being implemented and people lose their **** thinking the share price will drop 10%.
idiot.
filtered, goodbye.
No previously the Dame has thrown over 120 million at ITVX commissioning new shows whilst she was fully aware that the income from those shows was vanishing. She continued to put Ant and Dec on gameshows with unlimited prizes and pay Louis Walsh £1million for Celel=brity big blunder. She hired Cat Deeley to present This Morning despite viewers leaving.
So her policy of spending big to generate growth in viewers and revenue has absolutely failed. He gamble on ITVX and the extra spend is now a proven failure.
For 6 years she should have been cutting costs, not splashing out 120 million on ITVX and a futher 100 million on her pay and her cronies bonuses. That is hundreds of millions that could have been invested in further studio aquisitions. Investing in the areas of the business that she knew generated income rather than free to air where she was buying the adoration of the millionaire presents.
Big Ego you failed to see how the Dame has been in denial and burning through millions to prop up a failing free to air. This is the first time we saw a real public admission that cuts are now coming. The end of ITV as we know it. The move to paywalls and cheaper presenters. Lorraine Kelly and Loose women will all have to go to BBC if they want big rewards.
All i can see is this.
"This message has been filtered, please adjust your filters to view"
That is you and too many others. You do not want to have to adjust your thinking. ITV is not a FTSE100 company. It is not worth 10 billion. Its revenues in advertising are gone. Its has too many board members, too many overpaid presenters. Formats that no longer generate profit.
Rapid change is needed but the do nothing Dame has done precious little in 6 years to address the problems. Minimal changes and still handing out millions to the people around her, studio owners and showbiz pals. It is a broken business model and the parasite Dame and her cronies need to be moved on so that new leadership can move investment back to the areas of the business that have a future rather than lining pockets of chums.
BigEgo. Seen as you can't read Toms messages I'll confirm on your behalf. He's absolutely right about the dame and ITV. It was a huge error of judgment hiring her initially as she's way out of her depth. She and the board have milked the business to near death lining the pockets of 2nd hand presenters, crooks and entertainers along the way.
I'm going to filter you too - as frankly I'm bored to my back teeth with all the constant messages about the CEO of ITV.
I am perfectly happy to read peoples different opinions, that's normal we disagree on things, but honestly - if you search back through the messages here barely a day goes by without CEO bashing - we get it - we know your views - you've made your point - what benefit do you gain from repearing it over and over and over again.
Yawn.
Filtered. Not reading BS posts anymore.
P.S. I draw your attention to resolution 14 literally voted through just a few weeks ago.
Why aren't all these shareholders as unhappy with the CEO as you? It's a mystery...
https://www.itvplc.com/~/media/Files/I/ITV-PLC-V2/AGM/20240402%20AGM%20poll%20results%20FOR%20ITV%20WEBSITE.pdf
AGM vote??? Boeing shareholders recently voted to keep their CEO despite the disastrous performance of the company and despite the fact that he has already said he is going.
McCall took a 20% pay cut. Who orchestrated that?
6 years she has diverted money from studio aquisitions back to productions that predominantly are for free to air in the UK and make no money. Wrong decision. She cannot resurrect the ITV of the 20th century. Media and entertainment has changed.
Get the old dinosaur out. New and much younger CEO needed with global outlook. No more lining the pockets of chums, sychophants and directors mistresses