Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Synic,
"They're employed to make profit for shareholders not to save the woke world. We're already paying their inflated salaries and if they don't get their lazy backsides into gear ITV will be toast if something doesn't change soon."
I'm sorry, but that's just ridiculous. The company makes good profit; over £500 million of it last year. It pays a decent divi at the moment, revenues seem to be holding up pretty well, considering the economic climate, they're on track to hit all their KPIs and heck, even the Pension fund is running at a £200 million odd surplus. Then tack on that they 're probably the biggest advertiser in the game by miles.
How on earth is this company going to be toast?
Look, I get it. You most likely have a high average here.. I get upset when I'm a lot of money down too. But it strikes me the company isn't doing anywhere near as badly as you're trying to make out.
This site is indicating that ITV is on a P/E of 5.7. That's very cheap, which means it's excellent value. But I don't believe it's because it's a bad company. I think Jed's right. When value becomes fashionable again, which it will, imo, mainly because the US market and the magnificent 7 will see a 30-40-50% correction, the prices of this sort of company will rise significantly.
I'm not selling, even though I'm down too, put it that way.
I supose that depends how long it takes to come up with a refined PFS. Which will probably be a good while.
And you could also say that they're not going to find anyboby to lend them the money until most of what we already owe is paid down anyway.
He'd be silly too go too quick again, imo. The company needs to get the production figures up, pay down the debt and prove it can run the company steadily and reliably for a couple of years. That's how they'll get the share price off it's knees.
But having seen how Dan performs, he'll go for it as soon as he possibly can, I reckon.
Debt has tripled under the tories, I believe. Without checking, that might be wrong and it's only doubled as a minimum.
While we're still paying the highest taxes since.....
As for councils, that bastion of left wing wokery (I don't think) has just today reported that there was an emergency meeting in London today, by representatives of councils nationwide, pleading for more central funding, which as you well know has been massacred over the last few years, as 20-25% of councils face bankruptcy either this year or next.
I'll bet you think they're all Labour, don't you?
The tories have proven themselves to be financially incompetent and it's why people now want them out, massively.
How anyone can defend them, is beyond me.
Anyway, all this is detracting from the subject that should be in hand, which is L&G.
I'm sadly filtering you now, so I don't have to resist arguing against your deluded comments.
Good luck with your investment here.
Synic, where would the demand be for a back catalogue, worldwide? I don't think the future is in offering British programmes out to the rest of the world. Yes, the yanks might be attracted to the likes of Brideshead revisited etc, but I don't see any demand for more mainstream British stuff.
And perhaps you're a bit behind the times and don't realise that Netflix, Disney, Sky and Amazon are all also easily pirated/watched via one simple cheap subscription, which doesn't even need a VPN?
If only things were as easy as you make out.
David, see you're there again aren't you?
This company has proven it can make boatloads of money.
It's the fact that Dan bit off way more than he can chew in going too far, too fast that has led to us having a debt problem.
Even so, you could say that Dan going all out to reach that 200k ozs could be a really good thing, as much as it costs most of any profit for this year.
And we still have Dugbe to come. Which is my bigger worry. Will the idiot go all out to develop that too, instead of accumulating money before doing it? I'd like to think he couldn't possibly be so stupid as to repeat that mistake, but you never know.
Wraith, I think that's a wise choice. You might want to consider a look at SOLG. It's quite similar; very volatile and sentiment is currently poor. I've been in it for 13 years, I think and have traded it and made money, while keeping a core holding.
Blackhopper, totally agree fella. I'm no fan of Dan, but this is exactly the sort of reason it's the only sort of share where I've made any money. This buying and holding lark, is for the birds, imo. Even so, I still hold some shares that are stupidly cheap on a P/E basis and pay a nice divi.
IWantThatOne, yes, good post. This was actually pointed out in a link on here last week. It's why I've added. The update, as much as I expect it to be poor, could be surprisingly good.
It's been a while since I agreed with you David, but you're spot on.
There is no socialism in the world now. Probably the closest it ever got was under Castro and we all know what sanctions the US placed on Cuba.
As for you Poker, have you had a good look at the UK's finances?
I've literally just watched an article on Sky news (it's the only English channel in my Canarian hotel) talking about our debt and how they expect the debt to fall in 2028, I think it was. And only because of variations in the financial headroom, which is seriously variable anyway.
And all while we pay the highest level of tax since the war, which almost bankrupted the country. I wouldn't mind, but we're seeing absolutely nothing for it!
And as for suggesting any entity in the US is Socialist, well, that is without doubt the most ridiculous comment I'll read this week.
Wraith, I do fear we've made a mistake, but you have to pick a point, don't you? This is cheap, imo.
I've been trying to find a point where I want to add to my SOLG holding too, but the flaming thing keeps rising again, just as I'm close to pulling the trigger.
As for Socialist anything, that's just pathetic and basically Telegraph/Express/Daily Mail speak.
Socialism hasn't even been tried in Russia, let alone anywhere else. State Capitalism at best and anyone who's ever looked into it would know this.
Sadly, we rely on the junk we're fed by the vested interests in the UK and tbf, we're probably the best in the world at handing BS out.
It's why this puny little hole has managed to maintain the position it has, for so long.
I'm hoping when Labour get in, we see a nice rise in the stock market (as we usually do, regardless of tory simpletons, who probably haven't looked at the stats) so I can get the heck out of here and retire in the Canaries.
Can we now get back to the point in hand, which is L&G?
I can't believe some still espouse a tory party that has destroyed this country.
The evidence is poking your eyes out and you only have to look at the state of things you see every day.
A big indicator for me is that during my commute in the car, I'm swerving all over the place to avoid the massive holes in the road. This is a recent thing, simple as. Blame the lockdown all you want, but I don't care. These are incredibly basic things, that need sorting now. Employ people to sort it! No, no profit in that.
Another example of this failed goverment is the Royal Mail looking at moving to alternate days deliveries, with none at all on Saturday. What a joke, that is. I had a small package supposedly sent 48hr tracked. I watched it and it took 4 days. Yet another example of a totally outdated idea of what a "service" is.
Renationalise the Post office and all of the utilities, particularly water.
Oh and stop subsidising companies paying rubbish wages, where the workers have to rely on top up benefits.
And I don't care if us people who buy shares have to pay for it.
If you can afford to buy shares, you're not doing too badly. Some people struggle to heat their homes!
Greedy tories , such a shame :-(
Darren, dead in the water?
Seriously? How will we be all shatfted?
Hold and wait your chance. Which I think you will defintitely get.
jammin, I recckon you're trying to get in real cheap. Good choice, tbh, you skank. :-)
BBG, we're not drilling, if you ask me. We're not spending money and are basically in stasis mode.
And I've never seen a site that will give you borrow on SOLG. If you know one, please enlighten me.
Sharketmare, I'm not sure it's about financing. Well, obviously it is, but it's more about would a company be justified in starting it? Every man and his dog knows what we're sat on, but regardless of what some of the more, let's say, positive types say, nobody has come forward simply because the numbers haven't been enticing enough.
You're totally correct about which numbers they use for the goods, but they'll have to remain realistic. Just because Gold is 2000k plus now doesn't mean they will be in X years time. Prices can fall, as we know.
The point of my post was more that if nobody wants to buy, I struggle to see how we would get serious funding from any other facility. Perhaps we'd have to look at giving 50% or more of our assets away just to get a billion or similar?
Make or break time is rapidly approaching, imo.
Most people here are just making the assumption that PFS3 is going to be a lot better than previously.
I sincerely hope it is, because if the numbers don't stack up, it's difficult to see where we go.
Meanwhile, the fall in SP is relentless :-(