Member Info for BigEgo

Just in - only £277k was spent today... interesting - definitely a choice was made by someone for some reason...

Date of purchase: 22 April 2024

Number of ordinary shares purchased: 391,408

Volume-weighted average price paid per share (pence): 70.91

By "Dividend Zone" I mean the area on the chart between 73.20 and 69.90 where the 3.30 dividend was taken out.

Currently at 70.76 so this represents a rise excluding the dividend adjustment, and therefore holding through ex-dividend day still seems the best longer term approach for non day-traders...

Once it clears 73.20 we are in brand new territory post May dividend... might get a boost... :)

Calculated As At Last RNS Dated : 19-Apr-2024

Number Of Active Days (count of RNS Buyback announcements) : 26

Available Funds : £235,000,000

Total Number Of Shares Repurchased : 37,683,663

Average Price Paid (p) : 71.40

Total Value Of Shares Repurchased (Using Average) : £26,906,872

Remaining Funds : £208,093,128

Remaining Funds As % Of Available Funds : 88.6%

Used Funds / % Of Buyback Completed : 11.4%

Original Voting Rights Before Buyback : 4,052,409,194

Current Voting Rights : 4,014,725,531

Current Reduction In Voting Rights : -0.93%

* Estimated Total Number Of Shares Repurchased At Completion : 329,122,644

* Estimated Voting Rights At Completion : 3,723,286,550

* 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-Jan-2025

** Based on current average shares repurchased per day, will vary as buyback progresses

This is the chart I am referring to:

http://uk.advfn.com/p.php?pid=staticchart&s=ITV&p=0&t=15

Very unusual shape to today’s finish if you look at a 1 day / intraday chart.

What happened around 3pm to boot it back to just under 70p? Have I missed a news item?

I appreciate the liquidity your short position provides my long position mate.

Lenny - I'm fine with it in the short term - hoping it stays weak until at least May 23rd so I can reinvest my dividend - possibly a lot of other holders thinking the same thing...

Https://www.itv.com/presscentre/media-releases/1-club-biggest-game-show-tv

Https://www.itv.com/presscentre/media-releases/ant-decs-saturday-night-takeaway-final-peaked-massive-53m-viewers-last-night

I say take the cash! Otherwise lose it to YouTube…!

https://www.theguardian.com/media/2024/apr/14/political-ads-could-heading-uk-tv-screens-legal-loophole-itv

Winstanley - thanks good article, the Variety ones are usually worth reading.

What struck me reading this one was the number of countries ITV sell a program to - I lost count! Impressive.

Ok so final scores ... looks like we closed at about 70.66 which is -2.6 or -3.5% roughly.

Dividend took out -3.3p or -4.5% roughly.

So today is actually +0.7p or about a 1% up day :)

This is actually really good - I was expecting a lot of holders to bail after benefiting from the big rise up from 60p area and securing the good dividend.

I think there is no reason to fear future dividend days ... so roll on October for the Interim 1.7p (or more - 1.8p, 2p who knows!?)

ITV is holding up well today, at time of writing 11:50am it is -2.92p

All that matters is today's closing price - if it's less then the div of 3.30p down - then actually allowing for the dividend adjustment ITV has gone up on the day! Still got the US open to get through however...

Feels like a lot of people were expecting (hoping?) for eg a 10% drop today...

09 May 2024 ITV Plc Trading Update - Q1 2024

23 May 2024 Dividend payment date

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

Thanks, good find - great press release!

Looks like ITVs Q1 2024 exceeded expectations.

“ 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/

@LondonWatcher - Didn’t you notice that article is 5 years old (October 2019)? :)

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