Member Info for NigeCo

Well spotted that man.

I must admit Solley, to not seeing that transaction. I will blame it on my age. Lol

Agreed Dallo,

The BOD will obviously blame Brexit? And to a degree I would agree.
Even when we get a rise in the share price in the US, on good volume, there is no follow through in the UK. there's been no statement for The BOD regarding the weakness of the share price, or no action from the BOD regarding buying shares in the company. If they're not confident of purchasing shares at 5 year lows, who will?

I just wish that someone would put us out of our misery, and make a takeover bid. The BOD would maybe then get their arse into gear, if their jobs are at stake.

Once again there is no follow through from the ADR share price that was up 2.56% yesterday on almost double the daily volume of share traded.

ITV is out of favour on the LSE. What's it going to take to get this struggling share price moving? The BOD must be under pressure with this lacklustre performing share price. Heads will be rolling soon I would think.

What's the chances of night flights at Southend?

I'm guessing no chance?

Hi ThamesGateway,

Interesting comment mate, considering that a third runway at Heathrow if it gets the approval, won't be completed before 2026? Considering Southend airport targets are up to 2025, and not 2030?

“Last year 1.5m passengers went through the airport; however, the Group now has set a target of handling 5m passengers by 2022, and then 10m by 2025. And to cater for those numbers it is making the appropriate investments in the infrastructure.”

Hi Normbeef,

I purchased 10,000 shares in STOB this week @102.12p and agree with you that at these prices they're a bargain. My main reason for my purchase has discussed previously is the expected growth in passenger numbers (above) over the next 5 years is very good.

Also the potential future valuation of the airport of between £1.4bln and £2.1bln. If the passenger targets are achieved. This would be a staggering amount of money considering STOB only paid £21mln in 2008 for the asset. This would result in a share price valuation of 3.55p and 544p. This would only be based on the Southend airport asset. These rumoured future valuation figures may be pie in the sky, but if these future targets are met??

I'm hoping that the share price remains low for the next few weeks, as I intend adding to my holding next month.

Thanks again for your information, its most appreciated. Its good to have a man on the ground. Regards.

Norrmbeef,

Thanks for your opinion on Southend airport, its good hear from someone who lives in the area who can give us a local opinion. I'm a new STOB shareholder and my main reason for purchasing is because of Southend airpot. I think that this is the jewel in the crown of STOB. With this asset it gives me confidence for the future prospects. Thanks again and good luck.

ITV bosses are launching a Winter Love Island after this year’s viewing figures have shot through the roof.
Canny producers have decided to cash in on the money-making ITV2 machine and are currently crewing up for a winter version of the reality show, which will be filmed in South Africa using the same format.

https://www.thesun.co.uk/tvandshowbiz/love-island/9314403/love-island-bosses-launching-winter-version-filmed-in-south-africa-after-christmas/

I enclose the latest takeover rumour from 18th May 2019. That rumour involved Liberty Global.

https://www.sharecast.com/news/broker-recommendations/itv-climbs-on-zombie-ma-speculation--3792568.html

I enclose below a reply from Goldfinger on the ADVFN discussion board regarding a takeover rumour. Interesting!

"jacko, NigeCo..There has been a rumour, don't know the source. It is that Salke the head of Amazon and McCall had met at Amazon's HQ. They are both powerful women in the same industry so it is within the realms of possibilty.

IMO..A trade buyer with or without a private equity group is more of a possibility. ITV looks like a sitting target at £4.3bn, but like someone has said, don't hold your breath."

“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 X 370.82mln shares in issue = share price of 355p.

So @ £2.1bln minus Net Debt as of 2018 Annual results @ £82.122mln = £2.018bln X 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 can achieve a share price of 355p to 544p. Happy days all round.

Trupcard,

with Liberty about to receive $22 bln from asset sales to Vodafone, I wouldn't rule it out, you may well be right that any bid may well involve some Liberty shares. However, with Liberty already owning 9.9% of ITV they must look attractive to any potential predator, at these low prices. I'm of the opinion if Liberty don't make a move on ITV after the deal with Vodafone, then I think that we can rule them out of bidding in the future, it will be now or never. IMO.

"getting caught with LIBERTY stock on take over could be a headache"

Trupcard,

That would be a nice headache to have.

Stobart Group – runways cleared and ready for take off

https://www.thisismoney.co.uk/money/markets/article-7144917/Exposed-30m-secret-bonus-pot-set-pockets-Stobart-boss.html

Who should we believe Motley the Fool, with his 100p BT share price or
Simply Wall St valuation of 523p?..... I think that I will stick with my own valuation of at least 350p per share.

Simplywall.st........INTRINSIC VALUE BASED ON FUTURE CASH FLOWS IS 523p

https://simplywall.st/stocks/gb/telecom/lse-bt.a/bt-group-shares

I've just bought 10,000 shares @102.12p. Just in time for the ex-dividend date on the 20th June. I intend to add further if the share price continues to fall. I see great value at these low prices, even if the market disagrees. I'm happy to hold for the foreseeable future. GL all.

Broadcaster ITV lost ground, with traders pointing to rumours of a credit rating downgrade.

https://www.sharecast.com/news/risers-and-fallers/ftse-100-movers-fresnillo-shines-as-investors-shun-risk-itv-drops--6717256.html

Great news for investors – ITV is still trading at a fairly cheap price. According to my valuation, the intrinsic value for the stock is £2.13

https://simplywall.st/stocks/gb/media/lse-itv/itv-shares/news/what-does-itv-plcs-lonitv-share-price-indicate/

That would be good Dallo, I own them both.

I agree a merger, or more likely a takeover of ITV would make sense. This has been rumoured before, you never know.

Hi PM & Faultsman,

Thanks for your prompt replies, and opinions.

Yes I think that you both make very good points, that makes sense. I hope that you're right. Cheers.