Member Info for BigEgo

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 this year perhaps… :)

KBW101 - yes indeed.

Back on 03 Mar 2022 - there was a large fall with the day recording a high of 110 and low of 81, chart pic below.

This was basically a gap down with no price discovery between these wide apart levels.

That would suggest potentially little resistance once we get back into that range, ie over 81p.

https://i.postimg.cc/8cSGzyBx/ITV-e.png

Maybe but they've barely scratched the surface of the current buyback pot! Another £202 million still available...

https://ibb.co/KVGkzqr

Dividend hopping can work, but you need to beat your costs (including 0.5% stamp duty) plus whatever the ex div day drop is - hopefully less than the value of the dividend obviously, but you can end up trapped waiting for breakeven while other investments you want to get back into move against you... Good luck!

Yes Jed it is a game! :)

I've always believed in the good old 'time in the market' over 'timing the market'.

I've sat in cash watching something go up that i wanted to buy and it's an awful feeling...

Stick to value and accept your position might be underwater for a bit until that value is fully reflected. ITV is great for this as we can keep taking the dividends in and compounding until that day arrives (yes assuming divs are not cut naturally).

Long term (7 year weekly) ITV chart showing quadruple bottom support and sloping resistance - is ITV ready for a breakout finally?

https://i.postimg.cc/zBrbPKz0/IMG-0196.png

Trailers look interesting.

And good to see a big sponsor (Flutter Entertainment).

Definite potential!

Yeah i meant 166% there ;)

And as mentioned - SIPPS are free from inheritance tax - ISAs are not. So my children have greater tax free benefit when working out my IHT.

You lose instant access to the cash which is the main benefit of the ISA, but depending on your age and how close to retirement you are this may matter less...

And example for anyone not understanding...

I take £20,000 out of my ISA

I put £20,000 into my SIPP.

Shortly after my broker adds £5,000 basic rate tax relief into my SIPP.

I now have £25,000 to invest.

When I file my next self assessment tax return I claim higher rate tax relief and receive a tax refund of £5,000.

So the 20k i sent to my SIPP in cashflow terms only cost me £15k and it has £25k of buying power.

£25,000 / £15,000 = 1.66% - thats right an instant 66% profit regardless of what I then invest the funds in.

Or looking at it another way, if I use the funds to buy ITV at 75p - they only cost me 75p / 1.66 = 45p

You can't lose!

And I'm not making this up - google it! Any higher rate taxpayers on here not making use of this incredible tax benefit are frankly mad! :)

Jed - similar situation here - but … actively selling down ISAs and transferring funds into my SIPP.

I benefit from basic rate tax relief topup going into SIPP, claiming back higher rate tax relief in my SATR and it also removes the funds from my inheritable estate valuation.

These things together are the main tax breaks when approaching retirement.

Https://ibb.co/KVGkzqr

Just a bit of fun - or yet more income diversification?

https://deadline.com/2024/05/the-voice-immersive-gaming-experience-coach-battle-1235901008/

Https://www.londonstockexchange.com/stock/ITV/itv-plc/company-page

Er, no.

Probably more of the same.

“ in line with expectations” is hopefully still in there or better, and I expect Q1 streaming to mention a boost from the much watched Post Office series.

Always the potential for a surprise - in either direction - but maybe mentioning something unexpected about the Studios business could stir the market…

Uptick in Buyback volume yesterday - back above daily average.

https://ibb.co/pfDsBZJ

Https://ibb.co/RbdB8Pg

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...

Spaghetti25 - No not " c28 million shares"

Total Number Of Shares Repurchased : 38,075,071

Total Value Of Shares Repurchased (Using Average) : £27,184,419

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