Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
“ 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
Calculated As At Last RNS Dated : 27-Mar-2024
Available Funds : £235,000,000
Total Number Of Shares Repurchased : 15,579,957
Average Price Paid (p) : 71.37
Total Value Of Shares Repurchased (Using Average) : £11,118,931
Remaining Funds : £223,881,069
Remaining Funds As % Of Available Funds : 95.3%
Used Funds / % Of Buyback Completed : 4.7%
Original Voting Rights Before Buyback : 4,052,409,194
Current Voting Rights : 4,036,829,237
Current Reduction In Voting Rights : -0.38%
* Estimated Total Number Of Shares Repurchased At Completion : 329,284,351
* Estimated Voting Rights At Completion : 3,723,124,843
* 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 : 31-Jan-2025
** Based on current average shares repurchased per day, will vary as buyback progresses
Nice to close at 73.55 as this marks the first close where ITV is north of 70p whilst also taking into consideration that once it goes ex-div on 11th April 3.3p will be deducted from the market price.
Or in other words for those who don't understand - if you buy a share today for 73.55p you are actually buying 2 things:
1) an ITV share priced at 70.25p
2) an income stream of 3.3p
I would like it to stay north of 70p ex div now! :)
Calculated As At Last RNS Dated : Mon 25-Mar-24
Available Funds : £235,000,000
Total Number Of Shares Repurchased : 14,414,599
Average Price Paid (p) : 71.24
Total Value Of Shares Repurchased (Using Average) : £10,269,039
Remaining Funds : £224,730,961
Remaining Funds As % Of Available Funds : 95.6%
Used Funds / % Of Buyback Completed : 4.4%
Original Voting Rights Before Buyback : 4,052,409,194
Current Voting Rights : 4,037,994,595
Current Reduction In Voting Rights : -0.36%
* Estimated Total Number Of Shares Repurchased At Completion : 329,868,319
* Estimated Voting Rights At Completion : 3,722,540,875
* 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-Dec-24
** Based on current average shares repurchased per day, will vary as buyback progresses
A detailed review of TV production in Europe…
“Cause for optimism?”
“Future deal-making“
https://www.screendaily.com/features/in-focus-the-major-european-production-and-distribution-groups/5191336.article
Calculated As At Last RNS Dated : 21-Mar-24
Available Funds : £235,000,000
Total Number Of Shares Repurchased : 12,197,801
Average Price Paid (p) : 71.24
Total Value Of Shares Repurchased (Using Average) : £8,690,266
Remaining Funds : £226,309,734
Remaining Funds As % Of Available Funds : 96.3%
Used Funds / % Of Buyback Completed : 3.7%
Original Voting Rights Before Buyback : 4,052,409,194
Current Voting Rights : 4,040,211,393
Current Reduction In Voting Rights : -0.30%
* Estimated Total Number Of Shares Repurchased At Completion : 329,849,873
* Estimated Voting Rights At Completion : 3,722,559,321
* Estimated Reduction In Voting Rights At Completion : -8.14%
* Based on remaining funds and current average price paid, will vary as buyback progresses
** Estimated Completion Date Assuming Current Velocity : 01-Dec-24
** Based on current average shares repurchased per day, will vary as buyback progresses
Https://seekingalpha.com/news/4081745-paramount-jumps-on-report-of-11b-offer-from-apollo
ITV Buyback Analysis
Calculated As At Last RNS Dated : 20-Mar-24
Available Funds : £235,000,000
Total Number Of Shares Repurchased : 10,906,667
Average Price Paid (p) : 71.25
Total Value Of Shares Repurchased (Using Average) : £7,771,366
Remaining Funds : £227,228,634
Remaining Funds As % Of Available Funds : 96.7%
Used Funds / % Of Buyback Completed : 3.3%
Original Voting Rights Before Buyback : 4,052,409,194
Current Voting Rights : 4,041,502,527
Current Reduction In Voting Rights : -0.27%
* Estimated Total Number Of Shares Repurchased : 329,809,028
* Estimated Voting Rights At Completion : 3,722,600,166
* Estimated Reduction In Voting Rights At Completion : -8.14%
* Based on remaining funds and current average price paid, will vary as buyback progresses
** Estimated Completion Date Assuming Current Velocity : 20-Nov-24
** Based on current average shares repurchased per day, will vary as buyback progresses
I recall license renewal was mentioned in a recent press article we talked about here a few weeks ago - as being a positive factor any potential bidder would want confirmed before taking things further. So that's nice to see today.
https://www.sharecast.com/news/Company-Announcement-General/ITV-Renewal-of-PSB-Licences--dl34167829.html
Peter Chernin's wiki page mentions ITV i noticed after googling Chernin Entertainment...
https://en.wikipedia.org/wiki/Peter_Chernin
Source: tipranks
“ ITV Plc. (ITV:LN) (ITVPY) PT Raised to GBP0.80 at Morgan Stanley
March 15, 2024
Morgan Stanley analyst Miriam Josiah raised the price target on ITV Plc. (ITV:LN) (OTC: ITVPY) to GBP0.80 (from GBP0.73) while maintaining a Equalweight rating...”