RE: True worth9 May 2025 08:56
Some good points there Pogo but the problem with ITV stems way back to when Liberty first got involved with the company with the 'help' from Goldman Sachs back in 2014 and then the following year.
I don't know if my posts are still on here but I was first in ITV just after the 2008 financial crisis and sold in July 2015 when Liberty and Goldmans got involved in a hedging deal using ITV shares as bait.
The OTC deal had a lifespan of ten years, yes ten years no less and only recently expired and hence my return into the stock.
And its probably why we are seeing all this action in ITV shares now the handcuffs are off.
Liberty want out, let's be clear here if they wanted ITV they have had more than enough opportunities to acquire the company at bargain basement levels over the last ten years.
With dividends over the last ten years and their entry points back in 2014 and 2015, I make it that their breakeven price is now close to 52p !!!
This has nothing to do with ITV management it never has been, it's all about Liberty and Goldman Sachs.
What price are they now looking to offload ITV ????