Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Uptick in Buyback volume yesterday - back above daily average.
https://ibb.co/pfDsBZJ
Https://ibb.co/tz3FCKH
Interesting to see what happens next - will the RNS tonight maintain the flatlining or will it bounce back into average daily value around £1m...
NEW: Added - Average Daily Value Of Shares Repurchased
NEW: Added - Largest shareholding analysis
Calculated As At Last RNS Dated : 22-Apr-2024
Number Of Active Days (count of RNS Buyback announcements) : 27
Available Funds : £235,000,000
Total Number Of Shares Repurchased : 38,075,071
Average Price Paid (p) : 71.40
Total Value Of Shares Repurchased (Using Average) : £27,184,419
Average Daily Value Of Shares Repurchased (Total / Active Days) : £1,006,830
Remaining Funds : £207,815,581
Remaining Funds As % Of Available Funds : 88.4%
Used Funds / % Of Buyback Completed : 11.6%
Original Voting Rights Before Buyback : 4,052,409,194
Current Voting Rights : 4,014,334,123
Current Reduction In Voting Rights : -0.94%
* Estimated Total Number Of Shares Repurchased At Completion : 329,145,957
* Estimated Voting Rights At Completion : 3,723,263,237
* 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 : 04-Feb-2025
** Based on current average shares repurchased per day, will vary as buyback progresses
*** Largest Shareholding (Liberty Global) (taken from simplywallst) : 398,515,510
*** Current Size of Largest Shareholding (based on Current Voting Rights) : 9.9%
*** Future Size of Largest Shareholding (based on Voting Rights At Completion) : 10.7%
*** Assuming Shareholder does not reduce holding size during Buyback
ITV 2024 Buyback - Value per day (as at 22/04)
Graphical representation of the daily £ value of the 27 buyback RNS's so far, showing the most recent 2 broke the slight uptrend
https://ibb.co/QYx1p2q
Just in - only £277k was spent today... interesting - definitely a choice was made by someone for some reason...
Date of purchase: 22 April 2024
Number of ordinary shares purchased: 391,408
Volume-weighted average price paid per share (pence): 70.91
By "Dividend Zone" I mean the area on the chart between 73.20 and 69.90 where the 3.30 dividend was taken out.
Currently at 70.76 so this represents a rise excluding the dividend adjustment, and therefore holding through ex-dividend day still seems the best longer term approach for non day-traders...
Once it clears 73.20 we are in brand new territory post May dividend... might get a boost... :)
Calculated As At Last RNS Dated : 19-Apr-2024
Number Of Active Days (count of RNS Buyback announcements) : 26
Available Funds : £235,000,000
Total Number Of Shares Repurchased : 37,683,663
Average Price Paid (p) : 71.40
Total Value Of Shares Repurchased (Using Average) : £26,906,872
Remaining Funds : £208,093,128
Remaining Funds As % Of Available Funds : 88.6%
Used Funds / % Of Buyback Completed : 11.4%
Original Voting Rights Before Buyback : 4,052,409,194
Current Voting Rights : 4,014,725,531
Current Reduction In Voting Rights : -0.93%
* Estimated Total Number Of Shares Repurchased At Completion : 329,122,644
* Estimated Voting Rights At Completion : 3,723,286,550
* 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 : 25-Jan-2025
** Based on current average shares repurchased per day, will vary as buyback progresses
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