Petro Matad funded for its drilling programme which should see production start next year. Watch the full video here.
He has gone quiet. But he was able to trade well last few months. To trade like that with RR you need to watch the price, watch the news and keep uptodate every day and you can still miss the rise after all that research. He will be back if RR goes down.
Best is to buy and hold and leave it for few months to years. I'm holding CINE too and their results are next week. It is another recovery stock that am hoping will do well in 2nd half. Hopefully both these stocks will pay off well to me by year end and in next year.
Slim_Shady, don't worry about the guys who posted that they sold off and calling lows again. Nothing they say will impact the share price.
Today's results surely warrant more funds to buy in. Market expected some loss due to the slow recovery but RR came back with profits and more profits to come. Although flying hours at 43% of 2019 levels but it is not going to stay there forever. It will only improve. Rest of the business is doing very well.
I see this going up steadily now. All those who sold will buy back at higher prices. Those who have time will trade every day looking at the prices. They are happy with making few hundreds and think they have conquered the world. Just leave this for an year and this time next year, SP should double up. Definitely all those buying now will be doubling or trebling next year. Those who are trading will get caught when we see sudden rises.
Today is the last yi.e we will see 104p
Should hit 120p
Avg is 130p and did not sell single bean.
Won't be selling until this hits £7
Bloody annoying seeing idiots calling rights issue.
Targeting profits for 2021.
Can ppl shut their gob if they are not invested.
Nuckyt, yours and mine avg price will be hit. We now need to see whether to hold or sell. I'm not selling. I will try to add more.
From another board -
ITV should hugely benefit if pension funds start to pour in big. BT, Lloyds are the other ones that could do well too and North Sea oil producers.
P95, thanks for finding the article. Just opened a new thread for this.
Clearly recovery is on the way. If UK is seeing such recovery then US surely will have more rapid recovery as the craze for movies over there is more than here.
Bit I like from the article -
"Last weekend – the best since February 2020 – confirms the ongoing and strong recovery being seen by cinemas across the UK, driven by a clear desire from audiences once again to share the big screen experience with others, backed up by a exceptionally strong slate of films now and over the coming months."
This is what we all have been saying. Clear desire from audiences to step out of their house and enjoy the experience and same opinion is echoed by the industry expert. Hope alteast now 77 stops his rubbish about the streaming.
""With people perhaps choosing to staycation over holidays abroad over the summer and beyond, we have every reason to hope that that recovery will if anything accelerate as the year progresses."
"The slate of films set to be released in the coming months - and which cinema chains hope will prove financial winners - includes a handful of sequels to box office big-hitters. "
Like we discussed, even industry expert says recovery is accelerated in the second half and this is what market should be looking forward on the results day.
if anyone is having plenty of time in their hands then I suggest we go to London stock exchange website and do an export of all the Cine trades for a day and see how many are O and A trades.
O trades are ordinary PIs like us and A trades are mostly by the funds (long and short).
If we can do a comparison on volume and prices and if we do for 2 consecutive days then we may see what the funds are doing with the A trades.
well if you look at ITV results, market was forward looking, which always is the case. ITV results were good but their forward guidance on dividend payment was disappointing so it dropped a bit but it will pull back again.
So market is always forward looking and with CINE, we have a strong second half coming up and we are at 61% of 2019 levels and that will be improving in the second half so we should be moving up. Like last time results in March, there could be some overreaction like a drop of 5%-6% initially but it will pull back.
I think media will have headlines like "Cine expecting strong recovery in second half" and not about the losses as market already knew that half year results are for the period when we were closed for majority of the half year.
I have ordered a few movies in the past for kids but now they don't want to see them. Even when their friends come over, their friends don't want to see those movies.
Seeing them listed in my videos list everyday hurts me and it hurts even more when the same movie is played on ITV or BBC later! Paying for the movie and paying for the monthly subscription oh wow how much money am wasting on these streaming! I have Netflix and am not worried about monthly subscription for it but Disney subscription? No way....
Atleast if I had spent that money watching it in theater, I will be relieved thinking that money was well spent consiering the experience and also it doesn't hurt me even when I see the same movie on ITV or BBC later and am sure many feel the same way.
They knew about streaming releases and 31 day theatrical realeses.
They also knew the number of movies being released for this year when they made their assessment.
There are number of articles on streaming and many have said here that 31 day theatrical release is good enough for CINE to make money. Even pre covid days, cinemas made most money in the first 31 days. Even with Disney streaming, global theater revenue is multiple times higher than streaming revenue.
Some like 77 and others are just talking rubbish about streaming.
MoneyP1t pointed the daily avg that cinemas are making are now 61% of 2019 levels and it is improving day with strong line up of films coming up in second half. So if you do same 61% of 2019 levels for share price then clearly we should be at 61% of £1.90 so that should £1.14 which is Barclays target price of 115p so you can see how accurate is Barclays target price!!!
So current price is at a bargain basement and we will be heading to 115p in the second half.
US cases seem to be going down -
August 3 (GMT)
6,945 new cases and 65 new deaths in the United States
56,369 new cases and 213 new deaths in the United States
56,031 new cases and 165 new deaths in the United States
89,599 new cases and 369 new deaths in the United States
101,608 new cases and 435 new deaths in the United States
98,035 new cases and 413 new deaths in the United States
86,463 new cases and 493 new deaths in the United States
LedZepper, As you seem to have some sort of accountancy training so please review the RNS and let us know what you find.
I'm not an accountant at all. I looked at RNS and I see that £256m payment is part of a liability to be paid for Tapla acquisition. I'm now not clear if £467m net debt is on top of Tapla payment but going by their statment that I copied in my previous post, they seem to infer that £467m is before the Tapla payment so after Tapla payment net debt left as of August would be £211m!
Either way it is good that they are paying off such big amount this month.
Also I just researched on Talpa and I see that ITV bought Talpa media for £355M in 2015 and they are paying earnout payment of £256m for that acquisition. ITV said this is the final payment for Talpa.
I just learnt what "earnout" payment is -
"An earnout is a contractual provision stating that the seller of a business is to obtain future compensation if the business achieves certain financial goals. ... The earnout eliminates uncertainty for the buyer, as they only pay a portion of the sale price upfront and the remainder based on future performance."
Now from RNS I see that there are more Tapla like payments coming as part of "earnout" payments to the previous owners from which acquisitions were made by ITV in the past! They currently estimate £331m to be paid between 2021-2026. I wonder if this is not what market didn't like after seeing the RNS. But I also see that this £331m includes Tapla payment of £256m so if this is deduced then the future payments as part of earnout payments for acquisitions is £331m - £256m = £75m, which is nothing. Someone please correct me if my understanding is not correct. If anyone is interested to see where this is mentioned in the RNS then it is listed in 2 tables above the FCF calculation.
Also FCF dropped from £345m(June 30, 2020) to £71m now but this they said is due to not much production last year due to pandemic as a result there was cash left so it is not a real drop in FCF.
Overall, net debt on June 30, 2020 was £783m and now it is £467m so ITV managed to reduce debt by awesome £316m and ITV can run the business like this for several years to come and outlook is going to improve and can exceed 2019 levels when SP was at 155p so ITV price should head back to 155p.
Like Nige said with less debt and cash in hand, ITV is dead cheap at current price for a takeover.
Clearly heading to $800.
Twice it bounced from $600 and I don't think we will see $600 again anytime. All the false and bad news on Tesla last 6 months since Feb this year could not keep Tesla down.
I think in next 5yrs Tesla will hit $1500 at some point.
I missed this last year when it went down to $450 and I was under the same impression last year that it would not go high this much and that costed me a lot and I still cannot sleep thinking about it. I sold few months back at $700 having bought at $1000 last year. But really regretted for selling it at $700. Luckily bought again when it dropped from $700 to $550. I will keep adding IF this goes down to $600 again but I do not it will...
looking at RR and IAG, there is a lot of FOMO on these stocks and at the same time fear of pull backs.
We just need that news of US welcoming double vaccinated citizens and that will rocket the price for sure.
Currently US is having big surge of Delta cases but Fauci confirmed that there will not be lockdowns so once they reach peak, pretty sure they will open up borders.
Clearly world can see how UK is doing well with vaccinations and with almost full opening, cases are falling down week after week and SAGE prediction of another wave is proving to be totally wrong every day.
Just another thing that I noted in the results RNS and I forgot to post it here is about this statement on Financials -
" Reported net debt of £467 million (31 December 2020: £545 million) is before the final earnout payment for Talpa of €298 million (c. £256 million) which will be paid in August 2021"
so they are saying that £467m debt is "before" payment to Talpa and they are paying of £256m to Talpa in August so it means that the net debt after august and after making payment to Talpa is £467 - £256 = £211m! and that is peanuts!
With total liquidity of £1,482 million, comprising total cash of £704 million (includes restricted cash of £50 million) and committed undrawn facilities of £778 million, they can still pay dividend sooner than in 2022 even after paying £256m to Talpa. Something is brewing behind the scenes....
Definitely ITV is dead cheap now for a takeover. With Debt so low and with such high cash, am pretty sure, there will be a takeover attempt this year.
Just today another British company Meggit got a cash offer by a US company! There will be one for ITV too.
Airlines see '300% increase' in bookings to the US, says industry boss
The updated travel restrictions, which came into effect for fully vaccinated arrivals from the US and EU today, have led to a "300% increase" in bookings to the US, Airlines UK chief executive Tim Alderslade said.
He told Times Radio: "I think the announcement this morning is very welcome - there will be an uptick in bookings.
Went to see JC, except for the front 3 rows all the other back rows were full. Almost all families are with kids and loaded up with all kind of snacks. Tills were ringing loud. After the movie went to a restaurant and that was busy too. Clearly life is back to normal and back to normal for Cine too!
I think outlook has improved for ITV than it was in 2019. Britbox subscribers have increased year on year and advertising revenues getting back to 2019 levels or even higher for some months.
Only thing that needs to get back to 2019 levels is the share price. We were at 155p and that is where we need to get back to.
World cup football is coming and that will help increase viewing numbers and the ad revenue. All of ENG matches are on ITV.
I remember something similar with Facebook back in 2018. They gave lower guidance for the 2 quarters ahead and price went down to 126p but later the 2 quarters were not bad and price came back to what it was. So it was an overreaction.
ITV is safe investment and looks like lack of dividend payments until next year is causing big funds to pull out but other funds will use the cheap price and will load up soon.
I'm confident it will be back to 125p atleast soon.
Typical of Bonkers. When he doesn't have an answer to my questions, he will restort to abuse.
I'm invested so I will hope for a good rise to £1.50. What is your problem with that?
I ****ing don't care whether you believe it or not.
Everyone has seen since how many months Bonkers has been sucking FI's balls. As you enjoy sucking his balls so continue to do so.