Member Info for dallo

Alan
Excellent post
I am in total agreement with your views

Alan
That is what my own research suggests
I do not see where ITV Studios is involved
in what looks like a major success

Trent
Which of ITV Studios production companies is involved in the Downton Abbey movie?

All chart matrices on ITV have moved from BUY to STRONG BUY today for first time in many months.
Next resistance point at 137p which if broken suggests a move to over 150 p .
Not a great believer in charts but a lot of market professionals are and as such can have a major influence on price trends.
Volume now at 12 million so far today which adds to momendum

The ITV uber bearish broker, Morgan Stanley, has gone all bullish ( almost) today
in a note to clients rising the advertising revenues and EPS targets by 5-10% for 2019
and higher revisions for 2020-2022 following media buyer feedback.
News flow from the Studios, the Hub, Britbox and improving ad markets warrant an increase
in Morgan Stanley's target price from 100p to 115p
They are still bonkers with their targets with current SP of 126p but positive outlook welcomed.

Calm down
Just standard UT auction
MMs tidying up their books.

Nige
On perusing the half-year figures you will find SDN revenues hidden away under
" Broadcast and Online revenues" with a figure of £34 million out of total Group revenues
for the half-year of £1,476 million or just 2.3% of the total.
No wonder nobody spotted it but the SDN revenues go straight to the bottom line
and so the true value was hidden from most ordinary investors and a lot of so-called experts.

Withoutatrace

It is not the posters on this board that claim that" SDN IS A HIDDEN GEM NOT CURRENTLY
REFLECTED IN THE SHARE " but a statement by Liberum in its recent note.
I , for one, have not seen an SDN valuation mentioned by any other ITV analyst over the past number of years
and that is why it has come as a bolt from the blue in terms of its potential value.
Today's SP weakness on minimal volume smacks of the usual antics of a certain US bank who
is allied to Liberty Media imho.
The true value of ITV will be recognised soon so patience required by us ITV " Remainers".

And finally SDN COULD INCREASE IN VALUE once
the licence in renewed, this renewal is almost certain imho.

It does not matter if ITV sells SDN or not.
What is important is that the £ 1 billion hidden jewel is now revealed to the investing public and
now should be recognised in the overall ITV market cap.

Well done Alan
Just after receiving note myself .
Apparently leaked late on Friday and released officially this morning. No comment as yet from ITV but maybe the Market may respond as the day progresses
Still no news either on the sale of the Southbank .

Hi-hi
Fully agree with your comments but surely Liberum would not risk Market Abuse charge by suggesting ITV may sell SDN for c £1 billion and then bury the report over the weekend.
I will revert when I find out more.
I have temporarily prorogued my enthusiasm on the 150p target I suggested last week.

I am attempting to get to the bottom of the Liberum note reported after hours last Friday .
It may been pulled by the company but my contact is to revert to me asap.
Very strange indeed

I hate rampers but something is afoot
with ITV which has seen its SP rise by over
20% in a few weeks on no news
We shall see this week whether the rumours are true or not
Tomorrow will tell a tale imho

Funny to think that 13 years ago
BSKYB bought c18% of ITV FOR £940m
or 135p a share.
About time we had a bit of action again one
might suggest !!!

Apparently Capital Group with 11% of the shares
and the activist Brandes investors with 4.4%
are behind the pressure on management .
With Liberty at 10% these 3 investors control
the destiny of ITV and are not impressed with
the SP and management according to my senior
contact in London.
Apparently this is common knowledge in the City
and not as such surprising .

Another theory surrounding the unlocking
of the hidden value in ITV through the suggested
sale of SDN is that ITV is building up its defences
against possible predators.
A broker pal of mine in London thought
ITV was a sitting duck when the SP dropped
to 104p a few weeks ago and pressure was mounting on McCall from institutional shareholders to react.
So maybe the ITV board has finally woken up
to the threat to the company's ndependence and the waning shareholder support for the current management team.

We should have spotted the small print in the Tender Offer announced last Thursday
which stated that the maximum tender amount is € 500m of the total bonds totaling
€ 1.1 billion --------is ITV THINKING OF REFINANCING ONLY €600 MILLION
This may be in line with the muted sale of the SDN business and the Southbank for
a combined £1--1.2 billion ( € 1.13 -- 1.35 billion)
Pay down € 500 million in the tender leaving about £ 600-700 million sterling in the kitty
of which £ 150/160 million may be used to buy STV leaving c £500 + or - for shareholders
via a special dividend or a buyback .
Voila !

Nige
I will prorogue my enthusiasm on the share
price hitting 150p next week but what struck
me was the sudden realisation that ITV HAD SUCH A HIDDEN JEWEL IN THE SDN BUSINESS which
no analyst had commented upon until yesterday
A value of up to £1 billion for SDN is a pleasant shock allied to the sale of the Southbank .
Add in the value of ITV Studios ( c £5/6 b) and
you can see how the true value of ITV as a whole
has been totally underestimated for so long
This may change next week if ITV confirm
SDN and Southbank sales
Not to mention Brexit getting sorted!!!

Without being dramatic I would not be surprised to see ITV OPEN AT 150P +
on Monday but I might be a little optimistic