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This is the chart I am referring to:
http://uk.advfn.com/p.php?pid=staticchart&s=ITV&p=0&t=15
Https://www.itv.com/presscentre/media-releases/1-club-biggest-game-show-tv
I say take the cash! Otherwise lose it to YouTube…!
https://www.theguardian.com/media/2024/apr/14/political-ads-could-heading-uk-tv-screens-legal-loophole-itv
Ok so final scores ... looks like we closed at about 70.66 which is -2.6 or -3.5% roughly.
Dividend took out -3.3p or -4.5% roughly.
So today is actually +0.7p or about a 1% up day :)
This is actually really good - I was expecting a lot of holders to bail after benefiting from the big rise up from 60p area and securing the good dividend.
I think there is no reason to fear future dividend days ... so roll on October for the Interim 1.7p (or more - 1.8p, 2p who knows!?)
ITV is holding up well today, at time of writing 11:50am it is -2.92p
All that matters is today's closing price - if it's less then the div of 3.30p down - then actually allowing for the dividend adjustment ITV has gone up on the day! Still got the US open to get through however...
Feels like a lot of people were expecting (hoping?) for eg a 10% drop today...
09 May 2024 ITV Plc Trading Update - Q1 2024
23 May 2024 Dividend payment date
https://www.itvplc.com/investors/financial-calendar
“ ITV has commissioned a brand-new gameshow from the producers of Big Brother.
Already successful in seven countries, 99 to Beat is a gameshow that anyone can win, but there's a catch.”
https://www.digitalspy.com/tv/a60392611/itv-new-gameshow-99-to-beat/
Calculated As At Last RNS Dated : 05-Apr-2024
Available Funds : £235,000,000
Total Number Of Shares Repurchased : 19,871,078
Average Price Paid (p) : 71.94
Total Value Of Shares Repurchased (Using Average) : £14,294,663
Remaining Funds : £220,705,337
Remaining Funds As % Of Available Funds : 93.9%
Used Funds / % Of Buyback Completed : 6.1%
Original Voting Rights Before Buyback : 4,052,409,194
Current Voting Rights : 4,032,538,116
Current Reduction In Voting Rights : -0.49%
* Estimated Total Number Of Shares Repurchased At Completion : 326,674,600
* Estimated Voting Rights At Completion : 3,725,734,594
* Estimated Reduction In Voting Rights At Completion : -8.1%
* Based on remaining funds and current average price paid, will vary as buyback progresses
** Estimated Completion Date Assuming Current Velocity : 16-Mar-2025
** Based on current average shares repurchased per day, will vary as buyback progresses
Weird co-incidence:
“… a slightly smaller stake (in Dorna Sports / MotoGP) is held by Canada Pension Plan Investment Board (CPPIB).”
Who are also the main reported shorter of ITV!
Small world isn’t it?
https://shorttracker.co.uk/company/GB0033986497/
… of MotoGP. :)
ITV’s main shareholder Liberty Global goes on the acquisition trail with surprise takeover of MotoGP for £3.5bn.
https://news.sky.com/story/formula-one-owner-liberty-to-unveil-16335bn-takeover-of-motogp-13105256
This is a useful site - click the “FTSE Rankings” tab.
Updated 28 Mar - shows ITV now sits at FTSE position 121 with a market cap just under £3bn
But note automatic FTSE 100 re-entry isn’t until way up near £4.3bn…
https://www.stockchallenge.co.uk/
Fitch Restarts Coverage of ITV Amid Integrated Business Model
March 28, 2024 at 04:43 pm
(MT Newswires) -- Fitch Ratings on Thursday published ITV’s (ITV.L) BBB- long-term issuer default rating, with a stable outlook.
The rating agency said the action highlights the British television network’s integrated business model, which comprises a global content production and distribution unit, a strong UK commercial free-to-air broadcaster, and a rising free ad-supported streaming platform.
Fitch in 2014 withdrew ITV’s ratings as the company decided to stop participating in the rating process.
Calculated As At Last RNS Dated : 28-Mar-2024
Available Funds : £235,000,000
Total Number Of Shares Repurchased : 16,530,947
Average Price Paid (p) : 71.49
Total Value Of Shares Repurchased (Using Average) : £11,818,289
Remaining Funds : £223,181,711
Remaining Funds As % Of Available Funds : 95.0%
Used Funds / % Of Buyback Completed : 5.0%
Original Voting Rights Before Buyback : 4,052,409,194
Current Voting Rights : 4,035,878,247
Current Reduction In Voting Rights : -0.41%
* Estimated Total Number Of Shares Repurchased At Completion : 328,708,547
* Estimated Voting Rights At Completion : 3,723,700,647
* Estimated Reduction In Voting Rights At Completion : -8.1%
* Based on remaining funds and current average price paid, will vary as buyback progresses
** Estimated Completion Date Assuming Current Velocity : 08-Feb-2025
** Based on current average shares repurchased per day, will vary as buyback progresses