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"I'd venture to suggest that Warwick Brady is very much aligned with PI's here, his success will be our success."

Agreed Gerry,

If Brady can achieve all the targets set out, I for one will be a very happy shareholder and wouldn't begrudge him his bonus.

“STOB CEO Warwick to receive £23mln bonus if London’s Southend Airport is sold in the future for 1.4bln or £30mln bonus if sold for 2.1bn.” IF GROWTH TARGETS ARE REACHED

A quick analysis of STOB. If they were to sell their London Southend airport for the figures reported. So @ £1.4bln minus Net Debt as of 2018 Annual Results @ £82.122mln = £1.318 divided by 370.82mln shares in issue = share price of 355p.
So @ £2.1bln minus Net Debt as of 2018 Annual results @ £82.122mln = £2.018bln divided by 370.82mln shares in issue = share price of 544p.

So a London Southend airport FUTURE valuation of between 355p and 544p…. LSA is only one part of Stobart Group. It looks like STOB has an asset that will grow over the next few years. That in my opinion makes Stobart a great investment opportunity.

STOB CEO Warwick can have his £23mln to £30mln bonus if he can achieve a share price of 355p to 544p. Happy days all round. I don't know what all the fuss is about with Tinkler. Tinkler will do very nicely out of it with his 5% holding. IMHO, he's just jealous.

Https://www.thetimes.co.uk/article/it-s-time-stobart-boss-took-off-claims-his-predecessor-bllv0lvth

The former boss of Stobart Group is calling for the removal its chief executive amid a row over a £30 million bonus scheme.

Andrew Tinkler, 55, who has a 5 per cent stake in the aviation company, has been trying to convince shareholders to remove Warwick Brady, 54, his successor. He has set up a website, which says that there has been a “destruction in shareholder” value since Mr Brady, a former Easyjet chief operating officer, took over in 2017. His campaign was first reported by The Mail on Sunday.

Mr Tinkler is also calling on investors to oppose the pay report and the re-election of John Coombs, 59, a non-executive director who was on Stobart’s remuneration committee when the pay scheme was devised. Mr Coombs is now chairman of the committee.

Glass Lewis, the shareholder advisory group, supports Mr Tinkler’s objection to the £30 million bonus that Mr Brady could claim. The bonus scheme was set up to recruit Mr Brady while Mr Tinkler was at Stobart. It was not put to shareholders for approval. Glass Lewis has told investors to oppose the re-election of Mr Coombs but to re-elect Mr Brady as a director.

Stobart Group runs regional airports, including Southend in Essex. Its share price has fallen by nearly 60 per cent to 118½p since Mr Brady took over. In its latest annual accounts it revealed a pre-tax loss of £42 million. In February the group won a High Court battle against Mr Tinkler, who had tried to oust Iain Ferguson, its chairman.

A source close to Stobart said: “This is a purely personal vendetta . . . Warwick Brady is turning the group around, as demonstrated by the growth in both business segments.”

Mr Tinkler declined to comment.

Battle takes off to oust boss of airport group: Stobart's former chief blasts firm for 'grave failings' over £30m bonus

•Andrew Tinkler has launched a campaign to oust the boss of Stobart
•The dispute will come to a head at the annual meeting on July 23

https://www.thisismoney.co.uk/money/markets/article-7219955/Stobarts-former-chief-blasts-firm-grave-failings-30m-bonus.html

https://investomania.co.uk/2019/07/do-these-shares-offer-good-value-for-money-tesco-plc-glencore-plc-itv-plc-and-saga-plc/

ITV’s financial performance may remain subdued in the near term in my opinion. The company could continue to suffer from weak sentiment across businesses and consumers, with a challenging economic outlook potentially weighing on its bottom line.

However, with the company expected to broaden its focus to include new revenue streams, while investing in areas such as digital and its studios segment, I think ITV has a bright long-term future. A P/E ratio of 7.1 indicates to me that the stock may be undervalued.

"Might this be fertile ground for an activist investor? City gossip doing the rounds last week suggested that at least one has looked at building a stake. ITV is approaching a crossroads."

Things maybe about to get interesting??.... Are management on borrowed time?
Will this help the share price break out of its current trading range? Time will tell.

CONT....

Tinkering like this is not going to save ITV. In a rapidly consolidating industry, it needs a transformational deal.
McCall could think about splitting ITV in two, but the obstacle would be getting a decent valuation for the dwindling broadcasting business. Broadcasting could also put off potential acquirers of the group — especially Americans, who dislike free-to-air TV. That leaves choices such as a merger with an overseas rival — Germany’s ProSieben, say. Trying to maintain the status quo is perhaps the most dangerous option. If ITV fails to grasp the nettle, an activist could well come in and force its hand.

Lovelorn ITV needs to find a match

Connoisseurs say this year’s Love Island has been particularly lachrymose. Air hostess Amy was distraught after being dumped by dancer Curtis; beautician Amber was outraged by the infidelities of fireman Michael. The course of reality TV never did run smooth.
Love Island has been a rare success for its maker and broadcaster, but it’s ITV’s share price over the past 18 months that has been the real tear-jerker: since Dame Carolyn McCall arrived it has fallen by a third to 111p. ITV’s two main businesses, its broadcasting platform and its content-producing studios, are both under pressure, as advertisers cut back and Silicon Valley giants pump billions of dollars into new shows. Might this be fertile ground for an activist investor? City gossip doing the rounds last week suggested that at least one has looked at building a stake. ITV is approaching a crossroads. It turned over £2.1bn last year from broadcasting, with its share of TV viewing rising to 23% — the highest since 2005. Advertising revenues were up slightly to £1.8bn, but the long-term outlook is gloomy. Enders Analysis expects total TV ad revenues to fall by 3% this year as buyers pinch pennies ahead of a possible no-deal Brexit in October. ITV’s revenues were a lot worse in the first quarter, declining by 7%.

ITV Studios turned over £1.7bn thanks to programmes such as Vanity Fair — made in collaboration with Amazon — but performed poorly in America, which is ominous given the competition. Netflix, Amazon and Disney are sinking billions into new productions, buying up talent and facilities. Netflix struck an exclusive deal last week to lease London’s Shepperton Studios for 10 years. In an era when even giants such as Comcast and Disney have decided they need greater scale to survive, ITV — market capitalisation £4.5bn — looks unviable as a standalone company.
Under previous boss Adam Crozier, ITV flirted with a £1bn takeover of Entertainment One, owner of Peppa Pig, but the gambit fell down over price. One of McCall’s first moves was to explore a bid for Endemol, maker of The Fall, but she eventually decided against it. ITV is now pinning some of its hopes on BritBox, the defensive streaming platform it is belatedly launching with the BBC. The Beeb is providing classic shows to BritBox, but no hard cash. BritBox is riddled with potential problems. The modest amount of money earmarked by ITV so far — £65m — is unlikely to result in a slick service that will entice viewers to pay, but betting more on the unknown would be risky. Even addicted households have just 1.4 subscriptions on average — and hardly ever watch the second (they tend to have signed up to Amazon Prime more for its speedy delivery). Persuading them to buy a third is a big ask. And BritBox will be predominantly archive material, so it will be unable to charge a premium price. Tinkering like this is not going to save ITV. In a rapidly consolidating industry, it needs a transforma

BT
Speculation that the Communication Workers Union has drawn up plans for BT to be nationalised has been played down by shadow chancellor John McDonnell. Even if far-fetched, the idea is one that BT investors could do without after a difficult few years. Franklin manager Morton argues that BT, which he describes as a “disastrous investment” for the fund could be a big beneficiary of a Johnson administration. He believes that if a new Government helps ease the regulatory burden, “BT could rebound very quickly”.

Morningstar analysts focus on the troubled relationship with regulator Ofcom, which has forced BT to cut prices charged by its Openreach wholesale division. Still, analyst Michael Hodel says BT’s fair value is 320p, above its current price of around 200p.

http://www.morningstar.co.uk/uk/news/193846/boris-vs-hunt-which-shares-will-thrive.aspx

"has anybody noticed a scarcity of adverts on ITV . It seems to me that there always seems to be more rather than less"

Solley, I'm not sure that its the amount of adverts, but more like the price paid for the adverts. Have ITV had to lower their prices to attract business?

Hi Supercharger,

I would agree with you regarding Woodford sells and the shares go up. I also would have expected the STOB share price to drop. But bare in mind the market knows who has purchased Woodford's shareholding. Could the buyer already be an existing shareholder? Also, has this been hanging over STOB depressing the share price, knowing that Woodford was a forced seller? With this now out of the way, STOB may now start to recover.

BT Group PLC (BT.A.LN) said Wednesday that it expects new accounting standards to boost fiscal 2020 adjusted Ebitda by 700 million pounds ($881 million), but not to have an impact on either revenue or cash flow.

The telecoms operator said adjusted earnings before interest, taxes, depreciation and amortization for the year ending March 31, 2020 is expected to be GBP7.9 billion to GBP8.0 billion, compared with expectations under previous accounting standards of GBP7.2 billion to GBP7.3 billion.

Adjusted revenue is still expected to be down about 2% from GBP23.5 billion reported for fiscal 2019.

BT added that cash flow for fiscal 2020 remains at GBP1.9 billion to GBP2.1 billion.

Hi Sundancer,

Thanks mate, you've also timed it well at 103p and 110p.

I almost bought STOB about 3 years ago when the share price was around 100p, sadly I didn't buy, only to watch the SP take off to 300p. So after researching STOB I was happy to buy at 102p. GL.

Neil Woodford is believed to have offloaded a stake of about £70 million in Stobart Group as he scrambles to overhaul his stricken investment fund.

Woodford Investment Management is the second biggest shareholder in the mini-conglomerate that operates Southend airport, with a stake of about 18 per cent. City sources said that Mr Woodford, 59, had disposed of almost his entire holding at 115p a share in a deal estimated to have raised about £70 million for the fund manager. Stobart shares closed up 10¾p, or 9.4 per cent, at 126p last night.

thetimes.co.uk

There were 17 large sell trades yesterday totaling 147,708.570 shares all sold @115p

Sundancer, I actually watched the trades on screen and all were sell trades. My guess is that its Woodford selling, with his fund in trouble. I would have thought that this would send the share price down. But the market will know who the buyer is. Is the buyer already a STOB shareholder I wonder. The market likes the news anyway.

CORRECTION.... to my earlier post the amount should have read 122 million and not 132 million. There was a further 500k sell trade after the close that was probably the same seller with all the trades priced at 115p.

Well I've been watching from about 15.55pm until 16.35pm there has been approximately 132 million shares sold in about 15 trades. I'm guessing that it may be Woodford unloading. I wonder who the buyer is? market likes it anyway.

Avrohom,

With DB's constant negative views regarding BT, this makes me think that they're hand in glove with DT. Once Brexit is behind us, we may well see DT's hand.

With slightly more bought shares than sold, on very low volume of shares traded, yet the share price is down 3%, with no bad reported news. Its a joke. I'm starting to think that the only way that this share price is move up is with a takeover bid. Without a bid we are doomed.

I don't intend selling my shareholding. Although, I'll look elsewhere to hopefully recoup my ITV losses. ITV have turned out to be one of my worst ever investments in over 30 years of investing. Long-term shareholder may have to wait for the next football world cup in 2022 for any chance of a recovery, judging by the 2017 world cup year, when the share price recovered to 185p.

Lendlease is under offer on ITV’s former South Bank home at the London Television Centre. The firm is understood to have come out on top from a new bidding process for the property after the sale of the 2.5-acre riverfront site to Allied London collapsed earlier this month. The £150m sale of the London Television Centre was launched in January by Knight Frank, after ITV decided against redeveloping the site to create a new studio for itself last year. Instead, ITV decided to stay at Waterhouse Square in Holborn, WC1, and continue to use studios at BBC TV Centre