Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Personally I think the shift in primary revenue source is not fully reflected in ITVs valuation.
But it will become increasingly obvious in years to come as ITVS keeps growing - as content is in such demand globally and they’re really good at it!
The inevitable rethink and rerating will pay for my retirement! :)
Just keep an eye on these ratios in future results…
Also from the same site - not much is being said about the fact that the 2023 results showed for the first time that ITV Studios generated more revenue than M&E.
Technically then - ITV is now primarily a studio / content generation business with a terrestrial broadcast subsidiary (!!!).
(Which is essentially the strategic direction I think to protect ITV from variable advertising conditions going forward).
https://www.statista.com/statistics/298268/itv-revenue-by-source/
Yes so look at the graph below and you can see ITV Studios US is making a growing contribution- Hollywood strike impacting 2023 which would otherwise probably have shown further growth…
https://www.statista.com/statistics/298327/itv-studios-revenue-by-source-uk/
ITV Studios producing new detective drama commissioned by BBC starring David Mitchell.
https://catalogue.itvstudios.com/news/1272
Coming soon - epic collaboration between Apple TV+ and ITVS America
https://www.itvstudiosamerica.com/productions/franklin/
Gets a lot more eyeballs than Sky managed…
https://www.aol.com/entertainment/itv-oscars-broadcast-brings-peak-120442012.html
Everyone here has various size investments in all sorts of assets, most through the normal earnings and savings route, some through unexpected things like inheritances or winnings perhaps. Regardless there's little point making numbers up or boasting - just be true to yourself and honest. I am happy to share my position sizes and don't care who believes it or not - there's no way to prove it unless you come round and look at my screens - and that's not happening! :)
Investing for dividends can be a good strategy - especially when coupled with a DRIP (re-investment) approach.
But when choosing your investments always remember that dividends ARE NOT guaranteed.
Sometimes an unusually high dividend compared to other companies in the same industry can indicate that the market thinks the dividend will be reduced, or cancelled even, at some point hence the share price drops anticipating the new lower dividend, but it can also indicate that the share price is undervalued causing an anomaly in the relative dividend % - which I feel is the case with ITV.
But anyway dividends are not guaranteed - key thing to remember eg if you are relying on income in retirement...
Strike123 - thanks! :)
I’m not going to attempt to predict the price just because I’m lucky enough to have a large holding.
But i will say I’ve continued to add since December and my target is to hold 1 million shares exactly generating a £50k annual div whilst it remains at 5p a year.
Did the same with Llloyds some time ago and just like holding a round million - which is possible with ‘penny shares’ haha!
Dear Contrarian123,
I’ve been waiting for you to surface again, after your comment below in December…
Currently sitting on a £70k profit, and if I don’t sell beforehand a £30k dividend due in May.
Regards,
Mic Drop
“BigEgo
XMAS Present To Myself...
22 Dec 2023 11:00
Hi all,
So today I have bought 910,171 shares on ITV.L as a XMAS present to myself
contrarian123
RE: XMAS Present To Myself...
22 Dec 2023 11:22
Jesus
you must be a first rate mug”
Thoughts re this bit of the RNS :
“Therefore, the total number of voting rights in the Company will be 4,049,514,235 and this figure may be used by shareholders as the denominator when determining whether they are required to notify their interest in, or a change to their interest in, ITV under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.”
As per simplywallst Liberty Global own 9.87% of ITV ( 398m shares ). Always just under key 10% level for years.
Once the circa 400m shares are moved to Treasury the voting rights shares will drop to about 3.6bn
Interestingly, this pushes Liberty to about 11%.
Will they reduce to recreate a holding just under 10% or something else..?
ITV have some great tech - and I suspect these assets are undervalued by the market and also on the radar of many companies who could do great(er) things if they owned them…
ITVs Planet V is already leading the way allowing advertisers to self-serve and optimise / focus their campaigns.
https://www.planet-v.co.uk/
And ACT works alongside Planet V in a game changing way.
https://www.egtaknowledgehub.com/smarter-advertising-choices-itvs-automated-contextual-targeting-tool/
It seems obvious in an interconnectedness kinda way that companies reducing ad spend fearing consumer slowdown and recession - will change very quickly if said recession was a blip - which is looking increasingly likely…
Wasn’t ’recession’ one of the sticks used to beat ITV?
SKY News: “ UK may have had 'one of shortest recessions in history' - GDP grew by 0.2% in January, official data shows - suggesting the UK may already be out of recession.”
No ITV will only buy the buyback shares from Morgan Stanley as per the RNS.
Morgan Stanley however will perform their usual magic to get hold of shares from anywhere and everywhere - eg finding a Moroccan farmer holding a million shares and offering them a herd of camels in exchange. They are market wizards for sure. ;)
It's happening... :)
https://www.shorttracker.co.uk/company/GB0033986497/