Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There’s at least 1 large seller about . I accept a buyback can only sit passively on the bid but today is a classic example of how they could sit at 71.5 ( for example ) and suck up loads but buyback managers flake away. There’s passive and there’s and capitulation . Today was the later . CEO & BoD will only lead this company to it death , on a relatively quiet flat day the SP sinks like stone .
Not a chance this is going to mid 80s let alone £1 anytime soon. It’s meeting resistance in early 70s so there is obviously a seller ( or more than 1 ) at those levels . And I’d be amazed if anyone bids for this company given problems the potential Telegraph bidder faced . Trading update may surprise us all ( either way as could a stock market correction ) but I strongly suspect this will drift at 68-75 levels for a while
No please don’t remake them . The Dame will instruct the remakes undergo a diversity update and and the new rainbow characters displaying their differences will become more central than the fun escapist plots
@BigEgo , a mistype old chap ( not got my reading glasses with me today ) but the thrust of my post remains the same . The SP isn’t going anywhere very far while company is run by incompetents who don’t deserve their remuneration
If c28 million shares have been bought via buyback , given tailwinds of a general rising market and next interest rate move likely to be lower I can only assume from a fairly flat SP that institutions are selling into this rise . If we are lucky we might get 85p this year but that’s your lot and I’ll be out of this dog before then. CEO and BoD are the problem. No real recovery until they are gone .
Every person on this forum is responsible for themselves not WimT. We all take our chances and make our decisions and live with the results. Only a fool would be influenced by an anonymous account without evidence ( as opposed to opinion that may inspire one’s own research ). I still think ITV would be better under new leadership and I’m not WimT under another account. Either way I’m too small an investor to influence the business model or other shareholders and I doubt the institutional investors take any notice of these postings
I think that ITV ( the studios in particular) have a bright future if managed properly. I still hold and will hold on for a while yet as I see further rises but like WimbT I see this despite CEO & BoD not because of . Its not trolling, opinion or unfair criticism just look at their track record and SP for last 6 years !!! This company will do better under better more visionary and stronger leadership that said ITVX seems to be offering hope ( it just took too long to be out in place).
@jed Oddly enough I was thinking same thing and stick half in an ISA
@Forevernever. Like all statistics it from where your starting point is …. It’s 11.5% rise in last 3 months inc today ( and that’s from a fairly low point albeit not the lowest ) . Given all the tailwinds not exactly spectacular but it’s better than nothing tbf
I agree hence my post at 9.48. . Market up 1.7% . ITV up 0.2%. With interest rates apparently peaked in this cycle, buybacks and US media corporate activity I’d regard this as a poor day. It’s a thin market and movements( either way ) should have a disproportionate effect on SP. I’m familiar with derivatives but by no means expert so confused as to why the shorts aren’t being closed/reduced which ultimately would effect underlying market
I’m with you WTom. Not impressed by CEO or BoDs . This really should be higher re SP. I get get the impression something else must be going on that we are not party to but have no evidence .
@LWHL , I agree with you and Tom re CEO & BoDs. I’ll be more than happy to have to eat some humble pie tomorrow at 7 am
On reflection, now my initial euphoria has subsided I see this as a defensive move by the BoD who have now started to realise that the vultures are circling and their carcasses will be the first to be devoured should an unwelcome approach be made. At least they are starting to put up a fight as opposed to letting the slide continue. Hopefully next week the results will support this rise otherwise the company will be broken up . It’s parts are certainly worth more than its current sum
@Siddeek
My under is that it depends if they buy back and cancel or buy back and hold . The latter means they can be sold back into the market in the future ( to raise cash) . Sound similar but can make a huge difference in long term outcomes . I haven’t seen ITVs announcement yet does it make clear if which one this is ? Someone may choose to enlighten me or correct if I’m wrong
@pokerC I assume your last post should apply to CEO and BoD too ? More action less moaning or in their case more vision & corporate drive & less drawing 7 figure salaries for abject failure. I’ll sit tight as I think there’s an upside once the fallout from next weeks figures have been digested & settled. Short term I have concern around the divi but my biggest concern medium term & beyond is that there will be no uptick whilst this set of BoDs and CEO remain in charge. They are a millstone
I wouldn’t be surprised if McCall turned out to be Pokerchips mum such is his love & loyalty for her . She’s been a disaster for SP. She’s had plenty of time to turn this around as fa as I’m concerned but I’ll wait till 7 March. She may just pull a (rampant) rabbit out the (tw)hat 🤣🤣🤣
I wouldn’t award her tuppence. If her pay had been linked to SP she’d owe us about £15 million
I think a lot of the frustrations around CEO & BoD is they give the appearance of “fiddling while Rome burns” ( but obvs drawing huge salaries at the same time). I’m not aware of any recent publicly stated strategies issued by them to reverse this now almost daily decline. I guess we’ll find out in just over a week but there is no more hiding after this date . I accept it’s a hard competitive industry but that’s why they are paid big bucks , otherwise I could do an equally bad job for half the money . They need to put up or get out next week. P*ss poor performance doesn’t deserve a large salary . The small investors are growing increasingly restless and I suspect some of the larger ones are too behind closed doors.
@ poker chips . Thanks for telling me I don’t know how the stock market works, those years I spent working in it must have been a dream . I primarily bought it after a significant drop as I saw value and dividend would see through short term , it’s not my usual market tbh and it was an spur of the moment purchase I sort of regret now as the more I look into the company the less impressed I’ve become . I’m not much in the red and will consider averaging out under an ISA come April depending on divi maintenance & other opportunities. Just not impressed with BoD or corporate governance but maybe that’s what BoD want as secretly they hope for a n approach to bail them out. I still think it’s fundamentally an ok company but it could be much better under a more visionary dynamic leadership which it currently lacks imo
Sorry mate but I agree with Wimbledon Tom . The BoD and Dame have done nothing in last 3 months to defend the share price or investors but continue to draw huge remuneration packages. Comms from this company are appalling ( the irony of it being a media and communications stock) . Everyday it’s drifts lower , death by a thousand cuts. No investor can be satisfied with this poor performance, so why some posters continue to defend them can only lead to one conclusion …..they are working for ITV or have an ulterior motive cos being an independent successful company doesn’t appear to be one of them. I took a punt in Nov 23 but I’ll stick to oil and commodities in future where I’ve had far better historical success.