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In the summer of 2022 after the share price crashed, directors purchased shares in SFOR, this helped restore confidence and the share price recovered to £2+. As it stands today Sorrell is losing millions per day (paper loss) with the constant share price dropping. Sorrell is no fool, he must be considering his options. I would have thought that he would purchase some shares along with other directors to help restore some confidence, otherwise who knows where the share price will end up. Fear has taken over and the large shareholders/directors are just watching this car crash take place.
Reasons to be confident...... No SFOR directors have sold shares.
Big plusses is Patient Capital Management taking a 5.1% stake along with The Capital Group Companies 5% stake. Both of these companies will have done their own due diligence I'm pretty sure.
I'm waiting on directors to purchase shares before I top up. So come on SFOR directors show some confidence and purchase some shares, the market will follow.
Robina
Life is full of questions, idiots are full of answers.
Really hoping this stays low until my divi is reinvested. I know people think that’s stupid but I don’t care!
Maybe AbjectPerformer likes being under water.
SFOR valuation down from £5 billion 18 months ago, now less than £1 billion.
Martin Sorrell may cash in with him having cancer.
So true NigeCo.
Justnotworthit, I've just looked at your comment history and all your comments are negative towards MKS & a few at ITV. Made me laugh.
If you were to grow up and get a job, you may one day be in a position to become a shareholder, instead of making a fool of yourself with your childish comments. No doubt you will reply with abusive comments, I wouldn't expect anything less. Have a nice day.
I strongly believe that Goldman Sachs on behalf of Liberty Global have a lot to answer for, regarding the under performance of the share price. Back in August GS was in control of over 21% of shares in ITV.
With respect SHAPERITE, I started the petition to have BournemouthTom banned from LSE, not NigeCo.
Thanks Nige for your reply.
What's your opinion on this potential takeover rumour?
Interesting Nige Co.
Thanks for sharing your private conversation with the ADVFN poster Goldfinger. While I appreciate you sharing, the synic in me would ask, what's in it for Goldfinger? Is he a genuine poster? What's your opinion on this potential takeover rumour?
May I suggest that we start a petition to get troll BouremouthTom banned from LSE discussion boards. He has blighted this ITV discussion board for far too long with his argumentative disruptive comments.
@ WN2020 & Tom, reading recently the thought had crossed my mind that you are one and the same.
I also would have to agree Raky. Too many similarities not to be the same poster.
WM2020, Nige, now you think people posting on this board are aliases for Tom, you are showing all the classic symptoms of paranoia Nige, can't be good for your mental health. May I suggest you take some time away from posting on LSE and ADVFN, stop tracking every ITV trade/online article etc, in time you will see clearly again.
WM2020, your above comment would prove that you're the one stalking NigeCo on LSE and ADVFN. I find your comments insulting and disgusting, uncalled for bullying. Please don't reply to my comment I have filtered you and your alias BournemouthTom.
NigeCo, please don't let the bullies win. Keep posting your informative ITV articles, they save me time having to find them myself.
Anyway, I took advantage of market jitters today to top up my ITV shareholding.
I don't make many comments but I do find it amusing to see the usual naysayers that always return when the ITV share price shows any weakness with their attempt to wind up ITV holders. Could they be they be paid derampers or just WUM's.
Anyway, I took advantage of market chitters today to top up my ITV shareholding.
"There's a good reason why Liberty Global still own 9.9% of ITV after 7 years."
Nige, I would tend to agree with you regarding ITV's largest and most probably their longest shareholder Liberty Global. The question we should ask ourselves is why after over seven years do LG still own close to 10% of ITV? What are their intentions going forward? I would have thought that LG's own shareholders will be asking the same questions, their shareholders will also want answers. But I would have to question why do they still own ITV if they have no intentions of acquiring them.
Maybe Liberty intend merging Virgin Media with ITV? Just a thought.
Not sure why ITV would need to do a rights issue. ITV could afford to purchase Channel 4 without the need of one. Not all RI's are negative anyway, if they're done for a positive reason not for a negative one ie. to survive.
NigeCo, thanks for posting the article, I must have missed it back in the Summer.
Nige, if you don't mind me saying, it's best to ignore trolls like Tom whatever he's called today, you can never reason with someone who has an ulterior motive. Keep posting Nige, your comments are always worth reading.
I strongly believe that ITV share price will recover or someone will step in with a takeover bid. ITV intrinsic value is 184p per share. Management would be letting shareholders down if they agreed to a lower offer.
Ironknut "We are left with the sad truth that the product ITV currently sell is very poor. My theory is this explains an appropriate low sp."
Are you not aware that ITV sell to the BBC, Netflix to name but two?
Ironknut "Who would buy shares in any sector knowing the company sold a poor product in a declining market ?"
Only the worlds largest asset manager Blackrock. A quick look at the RNS tab above would have told you that on August 10th they purchase 5% of ITV when the share price was 115p per share.
I topped up my ITV shareholding today, I may not have bought at the bottom but I feel that we are close to it. I also think that ITV should be trading at least 30% higher than todays 104p. I'm confident that ITV advertising revenue will be very strong this financial year, possibly a record year.
If ITV were to acquire CH4 I would expect a re rating of the share price of 160p - 180p with ITV taking 70% of the advertising market. I disagree with most posters on this site, I think that ITV are well run company, you cannot judge a company just on its share price performance alone, the share price will recover in time.