Member Info for NigeCo

https://www.fool.co.uk/investing/2021/10/05/why-did-the-bt-share-price-just-crash-and-should-i-buy-now/

No apology necessary Peachy, you are entitled to your opinion mate. I'm as frustrated as any ITV shareholder with me having a significant shareholding. I try to look at the situation as if I wasn't a shareholder, what I see is a cheap company on a p/e of only 11.9, compared to the UK Media industry average 30.6.

Peachy, try looking at it that ITV are in a stronger financial position coming out of a pandemic than they were before it. A lot of companies won't be able to say that, with many needing to raise cash. See my earlier post. I also think that ITV are well positioned to purchase CH4 if aloud to.

Smalltrader......... " We should be sitting at 130p comfortably and not 108p. Don't understand why the money is not coming into ITV. Even with inflation, we are better placed than the rest."

Taking a look at ITV, comparing HI results of 2019 against 2021. I don't like to compare this years H1 results against a pandemic year for obvious reasons.

2019.............................................................2021
Total Revenue £1,749................................. £1,826
Total Advertising Revenue £849m............. £866m
EBITA £327m.............................................. £327m
EPS 6.2p......................................................5.9p
Net Debt £1,082m...................................... £476m

ITV reported cash in the bank of £704m in H1 results 2021. We have to deduct Talpa August payment of £256m, giving a total of £448m. IMO, ITV are in a far stronger financial position than in 2019 before the pandemic struck. JMO.

I was hopeful of an increase in today's share price after Fridays JP Morgan price target upgrade of 190p.

LONDON (Reuters) - BT expects Sky to need to use the telecom provider as its partner for full fibre services, after a media report said the pay-TV group was set to back Virgin Media O2's fibre rollout, a person familiar with the situation said.

The report in the Sunday Telegraph sent shares in BT down 8% in early trading on Monday. However the source said that while Sky may keep its options open to take some volume to Virgin, it was still expected to use BT too.

95p would be a god send, I will fill my boots.

Fleccy... "Many of the chart based forecasting articles seem like Tarot readings, hedged with if's, but's, and maybe's."

I agree, I think algo's are in charge. Although, IMO charts also work because traders act on them.

https://a3musiconline.com/shares/bt-share-price-forecast-for-october-2021/

ITV CEO Carolyn McCall will pick up her annual salary of £1.1 million plus share options.
CFO Chris Kennedy will also pick up his annual salary of £665,00 plus share options.

While I don't begrudge them a decent wage, can they be happy with the share price performance since they took their positions? I think not......... Time served CEO 3.67 years, CFO 2.50 years.

Taking a look at the share price performance of ITV over the past month of September. Share price started at 115.80p closed at 106.60p. Down 9.20p. FTSE100 was down 39 points over the month.

Out of 22 trading days the share price went up on only 5 days and down 17 days.

Total up days 5..... +7.75p
Total down days 17.... -16.95p

Smalltrader...."If C4 acquisition is not materialising then I expect a special dividend announcement from ITV."

I'm not sure I would agree regarding a special dividend. An acquisition of CH4 provided we don't over pay would be a good move for ITV in my opinion. Maybe LG are hoping that ITV get CH4 before they make their move?

Ironknut.... "Now that the correct valuation of £1 a share is fast arriving"

Correct valuation of £1 per share. Really?

I would have to disagree with you and the market. Simply Wall St have recently increased their ITV fair value from 172p to 186p. My fair value would be 160p. I will wait on the market to change. Once ITV announce the return of the dividend I'm expecting a re rating. Time will tell who's valuation is correct, but a valuation of £1 is taking the p**s.

https://simplywall.st/stocks/gb/media/lse-itv/itv-shares

Davielad, LG average price maybe even lower than 120p, considering that they loaned out their shareholding to Goldman Sachs for this very reason. But they have now recalled their 9.9% holding, there must be a reason behind this I would have thought. Time will tell I guess.

I've just been looking over the Liberty Global ITV shareholding to see what their average price is.....

2014 Liberty Global acquired 259.8M shares 6.4% from BskyB for £481M
2015 Liberty Global acquired 138.7M shares after hedging their ITV shareholding (free shares)

Total shareholding 398.5M 9.90% costing £481M Average price paid.... 120.70p.

Two stand out trades reported today so far in a low volume day.

09:36am........price 108.13.........Trade amount 99,495.54. Off-Book
09:37am........price 108.39.........Trade amount 250,975.00. Off-Book

Share price down 1.90p @107.60p......... Looks like there is no end in sight to the daily drop. The way that this is going we will test 100p before results in November.

https://www.investingcube.com/bt-share-price-undervalued-says-one-of-the-biggest-shareholders/

One of BT's biggest shareholders throws its weight behind embattled telecoms operator after shares slumped over summer

https://www.thisismoney.co.uk/money/markets/article-10027739/Germans-sleeping-giant-BT-mounting-debt-hits-shares.html

"Apparently Buffett doesn't invest much outside the US"

Fleccy, I may be wrong but wasn't Buffett an investor in BT a while back? Before I invested in BT.

"I do believe Openreach will eventually split off, but I don't believe it'll be feasible until the PSTN switch off and the FTTP rollout is completed, probably sometime between late 2026 to 2030. I can see why you might think a split off is the aim of Drahi, in view of his talks with ministers and the union, but I just don't see it happening now."

I very much doubt that Drahi will hang around 4 - 8 years waiting? He doesn't strike me as a patient guy. Money talks, so we will see what happens. He has history to say that he usually gets his own way.