Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
pls stick to analysis of the data, the ad hominem is very waring and we're already worn!
Peter Zeihan is a pretty amazing guy, here he is on "Food, Fuel and Russian Gold" on Youtube. Be intereted in how you digest this.
Yes, perhaps ITV is dommed against the big players - though I wouldnt agree at all. But how can the SP lose a third of its value on the very day it announces seemingly excellent results. No good saying it'll bounce back - why did it tank in the first place? These are not random events. The analysts following the company did not foresee this.
There are no idiots here, yet noone has been able to explain this. Instead, we all call for the board to go or put the company up for sale to the highest bidder.
But what if the owner with 20% has mounted another coup? It is the only explanation offered today. CAn the other major shareholders put up for a thorough investigation?
I have read the comments here and mostly the explanation is that the CEO doesn't understand. Yes, brilliant results. But no, the planned investment will not pay off as intended.
This can't be correct as according to the analysts (trustworthy steeds of course), it is on a PEG of 0.6 and ROE of 30% in three years and ROCE over 20%. There is also the promise of an 8% dividend...promises, promises.
Whatever the explanation (which I'll come to...), Dame Carolyn gets a salary of over a million and this is a waste of money as in this time of crisis instead of being on the bridge wirh megaphone, she's been in the hold, shivering.
There is more to this story than meets the eye, it has more to run today. I wonder if ITV is in some way connected to Russian sanctions? Or Russia is hacking to change western perceptions? No evidence of this. Dame CArolyn's wokeness probably makes people of influence rather fed up.
Conclusion: need a new CEO to clarify strategy and reassure that the past's seven-year long history of declining SP is well and truly over; alternatively invite bids. Otherwise, sell before SP drops further to 60p.
Nothing has changed in the real world, the economy, not this company's results. The market is going south it si true, but where is the connection between S&U and the Russian conflict ?
I notice ADM, DLG, SUS not doing so well but cannot figure how motor finance links to the war ...
At 2,550 SUS is an absolute bargain.
https://www.libertyglobal.com/pdf/press-release/7-31-Liberty-Global-ITV-FINAL.pdf
Excellent results but worries about level of investment needed to keep ahead and the powerful competition.
"Richard Hunter, head of markets at Interactive Investor, said ITV's results were good but that investors were wary about its spending plans and the threat of streaming giants such as Netflix and Amazon.
"Leading up to these results, the market had reacted with some cynicism to ITV’s lofty ambitions and the share price reaction today reflects a mauling by the bears, with a concentration on the investment spend needed and the strength of the competition rather than improving prospects," Hunter said."
https://www.sharecast.com/news/news-and-announcements/itv-profit-surges-but-shares-drop-on-spending-concerns--9328250.html
5.25% yield to market and surely the SP will recover? These figures without the bear panic and you'd be looking at 200-250 GBp, surely ... no?
The company might make it through, but will the currency?
Sold at 298 (I just added 15% to my buy price and thought Ill leave the rest on the table, whatever). I was very very lucky and don't think I'll do that again. I calculated lowest and highest prices, according to me at any rate, and stuck them in the platform software. So bought yesterday on the 2nd March and sold today on the 3rd. But it was a fluke ... gambling ?
Good points - after a war the losing side loses is currency though. Things never go as planned and it'll be worse than we could imagine, but the winner will be he side that can endure the most pain.
The kind of hings we could see in Russia,might be that it closes its markets, sets up asset price conrols, changes ownerships, imposes exchange controls, and it may change tax rates, limi stock market issuances and impose higher corporate tax rates.
So let's hope for a swift and sensible resolution, not to much ego please, just weigh up the costs and benefits.
I take that back - Fineco has 273 up 4%
Fineco is not quoting a buy price
I bought at 259. It is a punt. The risk is that the rouble, which is a fiat currency like all the others, ie no backing for hard times, disappears off the currency map....but what would replace it? The Russian economy is ok and it has considerable reserves.
Hard to separate out these effects from the intrinsic value and movements in SP today with the results. Im holding for the mid-term and expect to see a SP in the mid 200s. I think this is a safe bet. If this comes to pass, it will represent a gain significantly above the market and sector.
Dilution - share outstanding alread up 28% in last year
RNS
Exercise of Share Options
AfriTin has received notice from a share option holder to exercise 2,336,842 share options at an exercise price of 3p, 1,468,421 share options at an exercise price of 3.5p and 1,468,421 share options at an exercise price of 4p; and accordingly the Company has today issued 5,273,684 Ordinary Shares (the "Option Shares") to satisfy these exercises.
Application has been made to admit the Option Shares to trading on AIM and it is anticipated that the application will be effected and dealings will commence on 28 February 2022 ("Admission").