Member Info for bald_eagle

I thought ITV had walked away from the All3Media deal, have they restarted negotiations?

I assume IF All3Media are desperate for a sale then it would be a very week negotiating position...ITV having already walked away can now make a ridiculously low offer BUT first they would need to look at the books and make sure there isn't something wrong at All3Media that is initiating the fire sale.

"In terms of skeletons, the closing of the prefab unit was a brave decision under the outgoing CEO."

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I don't know much about the 'prefab' unit, but it seemed a little out of place from LGEN's core business. It looks like an experiment that didn't work out and the outgoing CEO just tidied up the loose end....because the incoming CEO would 'probably' have shut it down within 10 minutes.

The term 'greenwashing' springs to mind....I don't know if it is apt or relevant in this case.

Pokerchips, I can see that a new CEO is both an opportunity and a risk. They will undoubtedly want to stamp their mark on the company...but that might not always work. Equally the outgoing CEO will put off difficult decisions because he might not want to be seen 'poisoning the well'....and we all want an easy life after all.

I'm not sure if LGEN need a kick up the derriere or if it is a well run ship that needs only slight tweaking of the rigging. Certainly the SP is an obvious indicator that investors aren't impressed.

"I think the market may well be "cautious" with LGEN for the first 6 months of the new CEO in 2023..."

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I suppose it may be because a new CEO is more likely to expose any 'skeletons in the cupboard' of their predecessor and start with a clean slate. Hopefully LGEN is relatively skeleton free!....apart from some of the board members who haven't spoken much in boards meetings recently perhaps.

Isn't there a saying "Don't count your chickens"....which I suppose is why they introduced the new regulation regarding deferred profits. I seem to remember that some companies were winning a contract and then recording the entire theoretical profit in that years accounts....which looks wonderful in terms of short term profitability, but is rather awkward if contracts wins don't keep coming. It was a short sighted accountancy policy imo.

MUch better to drip feed contract 'profits & losses' over the length of the contract, rather than expose the company to a potential feast & famine cycle. But I suppose I'm not a highly qualified accountant so I shouldn't really comment....I sometimes think accountants/solicitors adhere to some form of 'pirates' code!

Q2 results must be ready for release any time now.

"....I just ask who at ITV is responsible for the woke drivel and poor content on offer on the ITV channel ONE"

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Ironut, presumably that would be the responsibility of the head of programming for ITV channel ONE. I don't think one can blame the CEO for every programme that one dislikes. I think the CEO should have a wider vision than keeping a small minority of disgruntled people 'happy'....it is impossible to please everyone all of the time., you end up pleasing nobody.

Ultimately the Dame will fall or prosper on the performance of ITVX....so will investors I suspect.

I was reading something on Disney the other day on Motley Fool and there was a brief comparison with ITV....basically they both came late to streaming and Netflix has changed the playing field. So if Disney is struggling - and presumably they have a pretty good CEO (albeit a man) - then it is difficult to see how anyone could 'suddenly' change the outlook for ITV.

PS If they have to ride on the coattails of someone like Peirs Morgan to succeed then the company really is in terrible trouble.

Yes I remember them. I suspect if you can find a sweet shop that sells them they ain't cheap....perhaps they have a sale in August.

"....like being in a sweet shop in August buying the dips."

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Is August a good time to visit a sweet shop to buy dips?...whatever 'dips' are!

"The only issue for wealth going forward I can see is the threat of a labour government...."

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That 'almost' smacks of political fear mongering. Although I suppose we can ignore the recent Tory tax changes to dividend income and savingings income. But I'm confident most people will have protected their investments in ISA's.

It would be interesting to do an analysis of the tax changes made by the last Labour government....but I suppose that was a Labour government in name only to some.

Personally I think the Tories have messed things up pretty badly with the 'B-thingy' and people will want a change. So prepare yourself for some form of Labour government...unless Rishi can turn things around.

"Woof Woof...."

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Yes O'Malley, you're barking!

As someone once accurately described them: "Dogs barking at the moon!"

I wonder if a dog sees another dog barking at the moon and thinks "that looks like fun, I think I'll join in". It keeps them 'happy' I suppose!

It's amazing how only a short time ago brokers were saying that Tremor wwas worth over £10....I wonder what has changed. I guess even 'experienced' brokers and self-proclaimed stock 'experts' can get carried away by their own hype.

Even Ofer's soothing words didn't help this time. Market doesn't like the results.

Sure I heard yesterday that football was on ITV as well as BBC. Cannot find it on ITVX.

"What's to like when your capital falls by the dividend value each year..."

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That is the cycle that management have to break. If they succeed - and a lot of investors on here think & hope they can - then LGEN could be a very good investment...long term! DYOR

But currently not flavour of the month.

"You sneer at fellow investors, yet you choose to post on free boards!"

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MaybeToday, what in my post makes you think I was 'sneering' at fellow investors?

If people think that then I apologise to them because that was not my intention. I suspect you however have a 'bee in your bonnet' that has nothing to do with me.

"she is week and windy"

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I expect she can get medicine from the chemist to stop that.....so an easy fix!

I don't think she's week, more like a 'month'.

SugarBabe, I thought you were a newbie investor but you're more share savvy than most on this board.

I'm sorry about my earlier post. Like teaching a grandmother to suck eggs. How do you rate LGEN?!

Many years ago (decades) my cousin used to shop in Tesco. She liked the company and thought it was well run and had good products at good prices. She invested in the company & did quite well over the years.

Someone else I knew invested in wine because someone said it was a 'hot' thing to invest in. He liked whisky over wine. Had wine in a bonded warehouse that he probably bought at or near peak prices.....even when he wanted to drink some of his wine he had to pay the bonded warehouse to get a case. He lost money. In hindsight he should have invested in rare whisky....but he would have consumed his investment (but enjoyed it more!)

Some people say you shouldn't invest in a business you don't understand. Probably better to say don't invest ALL your money in a business you don't understand....or 'don't have all your eggs in one basket'.

That said LGEN is 'probably' fairly safe at current prices & currently pays a very good dividend. But do your own research and get advice from people you trust to give sound advice. As Zac mentioned, take advice on bulletin boards with pinch of salt.