Member Info for Spaghetti55

Sorry for late reply folks ( social event) . Rob I have a few stocks over a few sectors that I know and I watch., done it for several years. ITV is one of them. I dip in and out when I see value. Not seeing it here and don’t see it coming soon at these levels ( could be an aggressive bid tomorrow I don’t know but I doubt it, sadly I have no inside info). As we all know it’s a good dividend stock but if interest rates rise then cash will be as good and less risky. Throw your pejoratives around if you must , I’ve not insulted anyone (you started) but an inept, slow board who have financially engorged themselves at the expense of shareholders. I’d respect you more if you did it to my face rather than behind a keyboard ( send my regards to your wife’s boyfriend). . ITV would progress with a better Board and CEO. They’d progress better with a more edgy and less woke approach to entertainment, they’d progress better by being leaders in the industry not back of the pack followers but I think OFCOM wouldn’t allow too much variation from the media mean and the Board are just happy with the status quo. If you are too then more fool you. I’ll continue to watch and dip in and out whilst you hang on waiting for a white knight to save your investment . There may be one but I’ll promise you this , it won’t be McCall and co and the sooner you accept that the better your chances of breaking even ( yes I see the same old names on her for years in some cases talking their book …. Looking at you Pogo ) . I’ll pop back perhaps in 6 months and discuss with you . I’ve diarised it. If I’m wrong I’ll be pleased for you all at this point it makes no difference to me I’m out after all. If I buy I’ll post the level I’m long at.

I’m afraid this share is death by a thousand cuts. Increased competition, incompetence in how it’s managed and although they are making moves I fear it’s too little too late. With interest rates likely to rise and advertising squeezed even further this has sub 60 written all over it in short/medium term. Long term …. Well it makes money (for now)and CMA may complicate any approaches ( especially under a Labour Govt) so who knows but I just can’t see where any growth comes from. I currently have zero holdings as I sold out last year but have always kept an eye on it , waiting but will buy back in mid 50s as dividend will be tempting but if that’s not maintained who knows

Why would anyone bid for ITV ? Its rivals are big enough and wealthy enough to set up their own businesses without the need to pay a premium for a company that is slowly dying . Let it die and pick off what they want in a fire sale from administrators. There will be no bid

More likely they will be looking to offload the rest and suppress market price further …. Possibly as low as sub 50p. Only the dividend is holding it up and that’s only as strong as under pressure earnings and profit margins

I’ve been saying this for years and she is single handedly the reason why I eventually lost faith and bailed out fortunately at a profit but a decent CEO would have done better . That £200 million liquidation from Britbox sale has been spent propping her and her regime up . An utter waste of money

Glad I sold this dog at 77.35 a few months back ( I know it went higher in the summer so I missed the top) but CEO and cohort need to go . They have no idea

Is anyone else like me in naïvely hoping McCall will announce her resignation or retirement tomorrow so someone else can get in the saddle and move this beast forwards instead of backwards ?

McCall has destroyed this company. She must have no shame. Hopefully she’ll go next week , never to be seen anywhere near this company ever again.

Frankly £250 million wasted by the board that has achieved very little . Another bad decision on an ever growing list of bad decisions.

I see the Sonos CEO has done the honourable thing and resigned when he realised his stewardship of the company had failed . Be good if ours did likewise

You are correct She has taken much and frankly offered nothing . She’s obviously shameless

The woman is useless and completely new leadership is needed. SP says it all . BBs have been an expensive waste of cash and a wasted opportunity. I know she had her deluded fan boy(s) on here but even the institutional holders must be losing patience now.Look at the financial facts . I await Pogo’s customary defence of the indefensible

With the exception of the unpleasant and snobbish snipe at council house people ( both my parents were in council estates but not me ) I COMPLETELY agree with Wimb Tom . McCall has been an absolute dogs dinner as a CEO. Our SP will go nowhere while she hangs about. Even Britbox sell off (£200 million +)has ultimately only benefited institutions to unload holdings not all share holders . She and her loser BoDs need to go NOW !!

I don’t know Solley or Wimbledon Tom and I have no favour for one or the other but describing someone as the Joe Biden of message boards genuinely made me laugh out loud 🤣

@Pogo. Don’t be stupid , I’m not WimTom, I’m my own poster ( I occasionally post on the other site as Greenhat) however inconvenient you may find the reality of that. My assertions are correct . The S/P is where it was 12 months ago despite best part of £200 million being spent on buybacks. ANOTHER failure to add to the list.I see no contrition from the Board or any explanation as to what they are doing to turn this around. It’s failure and they’re getting away with it, unchallenged , in plain sight . I’ve witnessed your excessive Pollyanna tweets for several months now and frankly you are just a gaslighter. I’d sooner take WimToms comments over yours and with hindsight he’s considerably more accurate with his assessments than you . Now get back to the beach and brag to some uneducated gullible 6 year old local kid about you’re investment acumen, he might believe you but no one else does. ITV is being sailed onto the rocks by the CEO , performance is dire and there seems no prospect of that changing under current leadership

@bottombetp. Sorry to hear that you’re down , I’m 1p down so not significant tbh but frustrating because it could and should be better but CEO and BoDs just don’t care . No leadership , no engagement with shareholders, no imagination from what I see and I wonder what these highly paid executives actually do to deserve their 7 figure sums . They’ve wasted that Britbox money as far as I can see and used it to preserve themselves & their undeserved privileges rather than invest or return to shareholders. I’m amazed to they getaway with it.

@akka . You are totally correct . I just don’t understand why the institutional Investors haven’t made a move to replace her and set a new strategy for the Board. One could be forgiven for thinking they just don’t care about their investment

So McCall’s managed to spaff away £200 million on an ineffective buyback programme and S/P is more or less exactly where it was year ago . If you tried to commission a drama where a businesswoman did that they’d refuse to make on the grounds that it’s too far removed from reality, mysoginistic and no sane business person would be so incompetent ……

Been saying this for ages . She is absolutely clueless in how to steer HMS ITV . Grossly overpaid for the results she gets . I assume that the institutions are slowly bailing out as despite all the buybacks the SP is going nowhere

@ wimtom . Likewise I’m swimming in oil shares . It’s cyclical , always has been , always will be. Dividends are ok so I’ll look to pick up more if it drops sub £4 . I sold some last year for £5.50, I’m confident for future and will sell more at the same price next October