RE: Link29 Aug 2020 17:38
Healthy Balance sheet -
Net debt stood at £1,195m at 30 June 2019. By 31 December, that had fallen to £893m. And by 30 June this year, bang in the middle of the pandemic downturn, ITV’s debt was down even further, to £783m.
By this December, it could reduce by another 300m considering there is no dividend payment in Q4 so that money hopefully will be used for paying off debt so debt should be £500m by year end? Next year if they can increase the dividend than what they paid this year I think more IIs will start pouring their funds into ITV. Bumpy road may be for few months due to covid but do not think price will stagnate like BT or Lloyd which I was comparing with last night. Feeling good! GLA