Member Info for BigEgo

Shhh!

It’s good.

Here’s what SAS say about it on their own website:

https://www.sas.com/en_gb/customers/itv.html

Https://ibb.co/DV6nKrC

Https://ibb.co/dgwvNsc

I'm sharing this from ADVFN - incase anyone notices the ITV RNS today about Strike/Purplebricks and doesn't fully understand what is going on. :)

I find "ITV Adventures Invest" is an exciting addition to the ITV portfolio of assets.

Describing it simplistically - they are playing Dragon's Den - offering early stage companies advertising airtime in exchange for equity stakes.

The portfolio is already quite diverse (see link below for more details) and I am more than happy for ITV to inject more diversity into their future income.

They only have to get lucky and get a stake in the next Reggae Reggae Sauce or Ring Doorbell for this part of the business to hit the bigtime and be yet another 'down the sofa' asset not priced in (just like the Britbox stake was)...

I hope they keep it up and build a huge investment portfolio!

ITV currently own stakes in:

Flarin

PitPat

Resi

carwow

Feel

ismybillfair

SPOKE

what3words (you might have used this yourself?!)

THIS

Strike/Purplebricks

hxxps://www.itvmedia.co.uk/new-to-tv/itvadventures/itv-adventures-invest

And off we go again...

https://ibb.co/X7tnZRj

Finally a reason to update this!

https://ibb.co/ZGz56xG

P.S. I draw your attention to resolution 14 literally voted through just a few weeks ago.

Why aren't all these shareholders as unhappy with the CEO as you? It's a mystery...

https://www.itvplc.com/~/media/Files/I/ITV-PLC-V2/AGM/20240402%20AGM%20poll%20results%20FOR%20ITV%20WEBSITE.pdf

I'm going to filter you too - as frankly I'm bored to my back teeth with all the constant messages about the CEO of ITV.

I am perfectly happy to read peoples different opinions, that's normal we disagree on things, but honestly - if you search back through the messages here barely a day goes by without CEO bashing - we get it - we know your views - you've made your point - what benefit do you gain from repearing it over and over and over again.

Yawn.

Filtered. Not reading BS posts anymore.

All i can see is this.

"This message has been filtered, please adjust your filters to view"

itv has literally been talking about cost savings for ages, and even how they are accelerating them now - in interviews, in annual reports, in trading updates.

then the mirror(!) gets hold of some of the cost savings being implemented and people lose their **** thinking the share price will drop 10%.

idiot.

filtered, goodbye.

Approx market capitalisation required for automatic FTSE-100 re-entry at 90th position+ (£bn) : 4.225

Share price required for automatic FTSE-100 re-entry (based on Current Voting Rights) (p) : 105.43

Cool, I'll leave you all to it! Good luck all ;)

Redceo - no i actually think the bid will succeed.

Was just chewing the fat on purchasing today to benefit from the gap between 322 and takeout price.

TheMoneyShark "if it was 100% in the bag"

I am clearly reflecting in my comment that it is not a concrete offer by saying "if".

So it's easy to calculate where the value is, simple numbers dont know all the details on divs etc.

Assuming 322 now and 360 takeout, you can buy a share today and get an 11.8% return (360/322)

So to get an 11.8% gain you should accept a risk of at least the same amount, 11.8% which is about 38p on your 322 purchase, hence as long as bid failure keeps it above 284 you would have equalised opportunity and risk.

However as it was around 225 pre bid, 284 is clearly much higher, and therefore risk outweighs opportunity buying today at 322.

Or to be more blunt - the fact that the current market price is below the revised takeover offer price reflects the risk the market perceives in it completing.

Otherwise efficient market theory would tell you the market price should be exactly the offer price - if it was 100% in the bag that's the only logical price.

It's not. It's still down around 322 - hence some risk is being priced in.

Sure 'tank' is the wrong word - but the elevated value from the 'pre bid price' usually disappears if a bid fails - so dropping back to where it was should be expected.

The price might linger a bit between old and new zones on the hope of another bid - but if nothing else comes, then...

Henky - generally speaking never take advice from online forums :) but I see your message and although I'm not a poster in this forum im happy to share my opinion as if I were in your position.

You say you have 3000 shares so they are worth, what, about £9600 today at £3.20?

I am not fully over the details of the BID but I think it's worth about £3.60 max (if no more bids come)?

So that would be worth about £10,800, so another £1200.

The risk is if the bid falls apart this would tank back to 225 or below - so you seem to have an opportunity right now.

Personally then I would probably be happy with the £9600, and the key thing is what will you do with that money? If you need it for life stuff fine - but if you are able to reinvest it elsewhere then what opportunities are available?

It's your decision, but it seems you have already achieved a good return in my view.

Well done Carrington and others on your good fortune with the IDS takeover by Kretinski! Looks like a lot are in line for 60% returns if they bought in at 225 or less. Wow.

You could do a lot worse than recycling your profits into an ITV position - and hoping to do the takeover double :)