Member Info for BigEgo

It can’t be a coincidence that Sky had a CVC story in November and now Dealreporter also have a CVC story in December. So I’m going with ‘no smoke without fire’ - and while your £2 suggestion seems very high - I personally think the risk/reward at current 72p is skewed to the upside quite firmly!

Redcain - unless there are Fund Managers on here(!) the answers probably no. Dealreporter doesn’t look like a public service - corporate insiders only.

“Dealreporter is a real time equities news and data service for fund managers and investment banks. We cover a range of corporate activity from IPOs, mergers and acquisitions and spin offs to shareholder activism.”

Longs might want to read breaking news on advfn post 10267

https://uk.advfn.com/cmn/fbb/thread.php3?id=50777935

Fair play for an honest post revealing your short was stopped out. Very refreshing despite all the banter from other posters in the past. We need more of this from everyone in 2025!

It’s an odd spike to 76p. I can’t see any news. Maybe just a large trade during thin volume?

Spikes like these always hunt stops I guess.

Investors Chronicle - Today’s Highlights

This broadcaster has an edge over its rivals

https://www.investorschronicle.co.uk/content/1bd9c98b-426a-5a0a-a48e-516863a45e9b

Full text available on advfn post 10238 here:

https://uk.advfn.com/cmn/fbb/thread.php3?id=50777935

You’re welcome! Happy Xmas.

Maybe try a little harder by googling instead of asking on this crappy chatroom!

Look for Declared date:

https://www.dividendmax.com/united-kingdom/london-stock-exchange/media/itv/dividends

All the talk of McCall leaving or staying for another x years always overlooks her age and proximity to retirement.

She is 63.

And per Times : “The average FTSE 100 chief executive is 55.9 years old, compared with a global average of 56.8 and an American average of 60.6.”

Unfortunately this is probably her last position before upcoming retirement which could be announced anytime. And is likely going to be her reason for exit. Inevitable.

New comment Sunday

Https://amp.theguardian.com/business/2024/dec/08/itv-faces-a-hard-sell-to-tempt-suitors-despite-carolyn-mccalls-sterling-efforts

Link : Https://www.investis-live.com/itv/6723824adfb4f2000f6d19f8/pamrt

04 December 2024

A Spotlight On....ITVX - investor webinar (1.30pm - 2.30pm GMT)

Https://www.itvplc.com/investors/financial-calendar

lol - you have to feel sorry for investors in bab**** international group trying to talk to each other in the bab**** share chat forum. hehe!

Monte - we’ve been saying that on here for months if not years!

However the market hasn’t seemed to care much about this glaring undervaluation…

Https://www.broadcastnow.co.uk/broadcast-international/report-redbird-mediawan-and-tf1-eyeing-itv-bid/5199422.article

Alboum - Not just saved - our bacon is about to be superglued onto a golden dinnerplate and listed on eBay for twice its current value!

https://news.sky.com/story/itv-back-in-spotlight-as-suitors-screen-potential-bids-13258866

Have a good weekend all...

Https://ibb.co/xj9pTLb

Huge jump in daily volume aligned with share price weakness

£79m remaining funds, expecting to complete early 2025 subject to remaining velocity.

Https://ibb.co/4K8zmfp

Robs60 - “There are some chumps posting on here, BigEgo being a prime example.”

Another “expert” who has to resort to name calling when they don’t like opinions that are different to theirs.

Easy filter. Goodbye.

Q3/24 bullet 8 tells us net debt is £437m but excluding cash still left for the remaining buyback net debt is £573m. So it’s easy to calculate £136m was still designated for buyback as at 30 Sep.

So total cash of £426m minus this £136m means actual free “cash cash” (!) was £290m.

We can sense check this by comparing the prior year Q3/23 statement - bullet 6 says total cash was £232m.

So free cash, ignoring buyback funds, rose from £232m to £290m YoY Q3/23 to Q3/24. That’s +£58m or 25%. Great.

And what is this cash worth to investors?

Well £290m divided by latest RNS voting rights of 3,863,993,567 gives us 7.5p per share.

So … at current (disappointing) share price of 63p - when you pay 63p for one share you are actually acquiring 7.5p of cash and therefore paying just 55.5p for a slice of the business and its future profits.

With a dividend of 5p a year that’s actually a return of 9% on your underlying business investment although nobody calculates it this way excluding cash I accept.

I thought this was interesting anyway as the cash you instantly own is often overlooked when buying shares and 7.5p out of a 63p purchase seems like a lot (it’s about 12% so your “investment risk” is only 88% of your purchase price!).

We appreciate your revenue generation! ;)

Finally a high quality analysis of ITV from a respected source. I urge people to actually read the whole thing and not just flick through it! Very happy with my investment.

“Time To Go Long Undervalued, High Yielding U.K. Broadcaster ITV” - 29 Oct 2024

https://seekingalpha.com/article/4730596-time-to-go-long-undervalued-high-yielding-uk-broadcaster-itv