Member Info for Slownsteady

Aargh, 290p, not 190p! 'true Discount is 35%.

Akka, Net Asset Value (NAV) is the sum of the underlying hildings per share. Investment Trusts very often trade at a discount to the NAV.

At its current price of c 190p, it trades at a 58 % discount to the (conservative) 'real' NAV of c. 450p. Although it is at a very hefty premium to the published NAV, which values the Russian holdings at almost zero.

It looks like your knowledge is not sufficient to venture into this one.

IMHO DYOR ATB GLA GBO RUB USD etc etc...

Thanks for that link, Whitehorse. VERY interesting.

Correction to my previous post. NAV is now 57p. But the rest of my previous post still holds. People are throwing numbers of 700p as the 'true' NAV, but I've gone for the conservative 450p.

I've held these since 100p.

I don't know who Ukrainiski is, but a sure (yes, sure) way to play the upcoming Russia Ukraine peace situation is JEMA (formerly JP Morgan Russia). All its Russian holdings are marked down to zero, and once Russian Assets are released (and in return JPM Holdings in JEMA are released) the NAV will shoot up to 450. (From the current 45 ish).

That's not even taking into account any rise in the Moex and the RUB. Which could add significantly to the NAV.

(Dyor Inmho Atb and all that self important garbage).

I bought in 50k shares when the Pensions de-risking lark kicked off. This has to be a 10 per cent beauty.

Tyma, Chav.

Pogo stick filtered without reading whatever he wrote. I thought he said he had filtered me?? :-))

Would someone let pogo stick know that his reams of writing go unread?

I think he needs to get out of the house more.

Thanks, yes I did miss it amongst all the garbage. Now THAT'S what I call a useful post.

You sound like a decent, sensible sort of chap. Don't lower yourself to that childish level.

I want to hear positve, but factual, things about ITV. Any opinions, positive or negative, are just that. Opinions. Any opinions about each other are completely meaningless. Who cares??

this is not aimed at you or any single individual. i really have no idea who thinks what. and - like others i am sure - couldn't give a rat's ****.

you can simply avoid reading the post. the poster is named on the top left. if you do choose to filter, there's no need to let everyone else know. it really does not matter a sh-t to the share price what anyone thinks, on either side of the argument. (fyi i am long with 150k shares, so obviously have a strong interest in itv doing well).

the trouble with filling the site with all sorts of two way b-tching garbage is that serious investors like myself can't sift through to find serious information and discussion.

only the lloyds page is as bad in my experience. worse because there is a lot of angry, right wing, anti-immigrant talk on there. the worst class of penny class brit, who got into owning lloyds through the privatisations. similarly, i get the impression that itv is held or shorted with not paricularly intellectual types who are more into watching celebri'y big brother or get me out of here or the unspeakable love island.

not serious long term investors. i know i come across as elitist or snobbish, but i'm used to a much better level of discourse.

just lay off please. the other side will lose interest.

All this filtering is childish. On both sides. And announcing it as though we lose any sleep over it.

Cha.vs. Actually, the type of beer spilling football viewing audience that follows ITV.

Some chunky buys. This is a few months out of date, but...

https://www.ft.com/content/5a9357ed-a4c9-4723-b398-4fabc32c5e26

Davidbrent, instead of acting like your a$$ is on fire, have you thought of sitting quietly while 40% of the market cap is returned to you, and collecting 8% yield for a few years?

Does anyone know how this figureof 14.8 bn future profits store is calculated? It's not far off 9 years' profit.

2024 Full Year Results

Core operating profit up 6%, executing our growth strategy with a sharper focus and enhanced returns, with a £500m buyback

António Simões, CEO:

"2024 has been a year of significant strategic progress and strong financial performance. We delivered 6% growth in our core operating profit and core EPS, alongside excellent new business volumes, while investing for the future.

We are seeing positive commercial momentum as we execute our strategy with rigour and pace. By sharpening our focus and simplifying our portfolio - through the sale of Cala and US Protection - alongside our strategic partnership with Meiji Yasuda and our investment in Taurus, we are strengthening our ability to generate sustainable growth in our core businesses: Institutional Retirement, Asset Management and UK Retail. We stated at our Capital Markets Event that we intended to return more to shareholders and that is exactly what we are doing. Our clear capital allocation framework supports our plan to return over £5 billion over the next three years, through dividends and buybacks.

Looking ahead, our momentum demonstrates why we are confident in our ability to deliver on our ambitious targets, directing our capital and expertise where they can create lasting value, and making a meaningful impact for customers, shareholders and communities."

Strong financial performance[1]

• Core operating profit of £1,616m and Core operating EPS of 20.23p, both up 6%

• IFRS Profit before tax[2] of £542m

• Solvency II capital generation of £1.8bn and Solvency II coverage ratio3 of 232%

• A large store of future profit[3] of £14.8bn

Sustainable Growth

• Institutional Retirement: £10.7bn of Global PRT written; £8.4bn UK PRT and record volumes in US and Canada

• Asset Management: £1.1trn global AUM; growth in revenue as we pivot to higher fee margin products, and average fee rate increased from 7bps to 8bps. Private Market AUM of £57bn, with £1.2bn of external committed capital from several new fund launches, and a strategic investment in US real estate equity specialist, Taurus

• Retail: Record volumes in Retail Annuities of £2.1bn and continued strong growth in Workplace DC

Sharper focus

• Introduction of a disciplined capital allocation approach, including the creation of Corporate Investments unit

• Major disposals to unlock value and reinvest for growth: Cala (£1.35bn4) and US protection (£1.8bn[4])

• Alongside the creation of a strategic partnership with Meiji Yasuda, increasing growth potential in US PRT and co-investment capital of ¥150 bn[5] in Asset Management

Enhanced Returns

• Dividend per Share of 21.36p up 5% and £500m buyback announced for 2025

• Intention to return more than £5bn (or c. 40% market cap6) within three years

For god's sake. Can we have the capital 'A' back?

https://www.nytimes.com/2025/03/07/world/europe/aberdeen-abrdn-rebrand-vowels.html

I'm not sure why Pogostick and others spend an hour or so pontificating in a long diatribe. I see it often in the 'comments' section of the Daily Telegraph's rabid dog bitterati. He must have suffered big time from the move yesterday!,

Given it's all meaningless at the end, no one reads it. Keep it short and pithy.

Pogo stick must be burning today, looking at his angry post!