Member Info for Inthedark1

Bowlers, sell up before it goes belly up? There is no income and very very little prospect of any as far as I can see. It is painful to turn a theoretical debt into a dead certainty but the longer this goes on the more painful it is going to be?

I mean no to Bowlers. No prospects.

No

It's a while since I have been on here. There was a lot of excitement and ramping nonsense last year with 50+p achieved as people were suckered in (including me, I sold in the 40s but lost a bit) until all the warrants were exercised. This year the price has declined 27% to 1.52p I've not been keeping up with the little pies that Met1 has it's fingers in. Do any of these pies actually make any money? If so how much? Did Met1 ever find anything worth digging out of the ground in the places where they bought rights themselves? Will Met1 fizzle out this year?

Hi Pogo

I am glad you and your friends have amassed so many itv shares but my point remains. Succinct and to the point comments can be worth a lot but very long 'thinking out loud" posts can clog up the system a bit. I used to work for itv and had shares in the various itv companies before they amalgamated. So I have been a shareholder for well over a quarter of a century but I don't profess to know everything....in fact that is why my moniker is 'inthedark1".

More can be less!

Over and out.

Hi Pogo

I write this with some hesitation as I don't mean to be unkind but quite a few of your posts re things like the psychology of investors etc etc don't really, in my opinion, belong on the forum. There are a lot of posts. Solid informative info such as BigEgo pointing out there have been a billion streams on X or any actual info re Comcast's plans would be warmly welcomed but a several times a week update on where you think the share price will go based on.... stuff we already know, like a generally dampened market due to oil fears and the upcoming World Cup are not really adding anything? And it means scrolling through a lot of stuff to find any factual nuggets from others.

I am sure I have been guilty of writing on here when I shouldn't too. But maybe a few fewer posts? Sorry.

5 years = a long ride. Some of us have been suffering for 15/20 years! 🤣

Hi Big

You may be right but the NUJ's principal obligation is to its members. STV is currently wanting to cut some of its public service broadcasting obligations as it is hard up. The NUJ wouldn't want to see news cut because journalists produce it. The argument is 'hold fire on allowing STV to cuts it's financial commitment to news as we believe a very wealthy company is moving in and they can well afford to carry on with news and current affairs". So the NUJ has skin in the game. But you're right journalists may be getting hints of how things are going. It's just, in my view, slightly more nuanced than a simple 'deal is fairly imminent scenario'.

Fell

I expect you'll manage to get in before a significant uplift

Robs

If someone is willing to pay 20% interest you have to ask WHY are they willing to pay that? Why didn't they borrow the money from someone else at a much cheaper rate?

Logically it can only be because none of the banks or private equity lenders etc were willing to lend at a lower rate or lend at all because they think it is a highly questionable business venture.

So before we applaud the amazing business acumen of Met1, the company we thought was a miner but is now a risk taking bank with a history of Ponzi activity, we have to ask, what collateral is there, what security if Lionsbay doesn't manage to turn a profit and pay the interest, let alone pay the capital back.

So no, imho Met 1 is not insanely cheap but is a risk taking non profit making entity that doesn't seem to have any direction and which sucked in tens of thousands of investors by suggesting they had great prospects in uranium and gold mining. They have mined the public for loot and made no money at all.

I expect Met 1 to fizzle out when it runs out of cash.... But I may be amazed again at how many people will come to rescue it once more in the future 🙂

Jed

Forgot to ask - why the next tax year? (April 6th). I think it could be earlier than that.

Jed

I did the same thing. Tricky though isn't it? I have been patient for a very long time. The deal could disappear and they may drift back to the 60/70s or there could be another buying opportunity before zooming up or they could zip up without falling back significantly.

Whatever happens I will probably be on the wrong track... hence my monicker inthedark 🙂

Jed

There is a lot of fairly complicated stuff that needs to be sorted that involves more than just ITV and Comcast. Political as well as financial issues need to be resolved around public broadcast commitments (News/current affairs/share of ad market/potentially unravelling some of Comcast's existing involvement in UK broadcasters ). They aren't insurmountable but anything involving third parties and regulators could cause long delays. Of course Comcast can make an offer dependent on regulatory approval but I don't think we can necessarily blame the ITV board for delays here. The Guardian article below is a good read.

https://www.theguardian.com/business/2025/dec/14/comcast-itv-public-service-broadcasting-channel-4-bbc

St

The dividend on ITV is a fairly hefty 6.8% Tom. The price dropped to where it is now some time ago. If you are a reasonably new buyer (I am not) then there is a good return and reasonable prospects ahead. I say reasonable because digital is going from strength to strength, at least one large player is interested in broadcast and Studios is a great success story.

I have been a long term holder and the drop in the SP has been disappointing to say the least but the old TV advertising market has been blown apart by the internet, global streamers and others able to deliver millions of viewers to niche markets.

Judging today through the heavy glass of yesterday is not always wise. Agreed we need to see why we got here but only if it gives us insights to how we might improve.

What would you do (and I'm not talking people, I'm talking policy).

Regards itd

Col

"What price are you getting out at? 9p or waiting for higher?"

You make it sound as if we are on a reliable bus that will reach various price stops and it is just a matter of our choice where we decide to get off!

The reality is the bus' engine has had to be replaced and has had numerous blow outs. It has returned to the garage to refuel on numerous occasions with the farepayers, in effect, having to pay a surcharge.

At the moment our carriage is trundling unmerrily round and round a roundabout while the air rapidly leaves the tyres.

Destination unknown, possibly the scrap heap.

Greycoat

I am no expert in these things but surely if someone wants to hand over £1.6 billion for the part of the business that is struggling to compete against massive companies with deeper pockets that will remove the doubt over the future and the requirement to provide news etc and release a huge amount of cash. The remainder of the business - studios can continue to increase it's rapidly growing profits. So I would expect a big increase in the SP - not least because Studios would then make a very tempting takeover prospect.

Greycoat

I don't think the government would be involved if ITV decided to split and studios was sold off. The govt's concern is whether a terrestrial broadcaster merging with another big provider would give too much control of the TV ad market to one player and whether the public broadcasting remit of ITV was maintained - regional and national news and other things like sports arrangements etc.

That is my understanding anyway. But as has been mentioned here already the broadcasting landscape has changed considerably so the advertising issue should be less of a concern now as so much TV advertising is now online. Arrangements regarding news etc would, I would have thought, have to be agreed and approved before a sale of broadcast could go ahead. News is an expensive but important part of ITV's operations.

BigEgo

Great work 🙂

Bowlers

I feel your pain. But if the SP halves again or it goes bust how much will you have lost then? I suffered a loss but rather that than double the loss by staying in. To be fair my loss was less than four figures. Good luck anyway

Mararab

So so many people have said the same thing all the way down the price scale from 30/20/10p etc etc. Why will you double your money?

It is a funny thing but few people say when they buy a share for £20. "Well I'll ride this until it's £40 and get out then when I've doubled my money". And yet they say it all the time when a share is just a penny or something. Because it doesn't seem much does it for a 2p share to double to 4p. But if you have £10,000 it is a big ask to double that to £20,000. You have to ask yourself WHY will a share double in value. Are the company producing anything... NO. Is the company paying dividends?.... No. Have any of their mining exploits found anything yet?... NO. Are the assets of the company divided by all the shares worth double or half what I am paying for a share?... HALF.

Why will this share double in price?

Will it be worthless soon unless they find something quick before the money runs out?

Are any of their investments in other companies worth anything?

Who was behind the massive ramping and misleading adverts that conned so many people.