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$7bn for improvements is a massive money although they said it is invested over the period of 3yrs. I guess this is what is holding back the share price otherwise easily this would be £2+. They brought down debt by 2bn last year so probably the 7bn investment over 3yrs is not a problem and also they can put this on hold when needed. If they can come up with good numbers next week then SP back to £1.60

Correction: 24M not 2.4M

Is the Silchester stake a new stake? Is it not just the case that they went over 5% and it becomes public? So they possibly only bought a few million raising their overall stake to 120million?

Yes, it is possible that they crossed the threshold recently but either way they wouldn't have increased/bought the shares if the ITV situation is so bad? Even if this gets to 70p, they would be in 20% profit with their 120M stake! and that is a cool 2.4M profit!

I think results will not beat the expectations with advertising revenue down YoY but this is priced into the share price and that is why it is under 60 now. If they can provide positive outlook for 2024 considering the inflation forecasted to go down then that can help steady the price. I think dividend would be maintained and if positive outlook for 2024 is provided then I think current share price would be considered bargain and will start to move up after the results.

Probably the postoffice saga could have helped bring in some ad revenue. Also the recent update on the streaming numbers for ITVX in January, which seem to be highest recorded ever will also help on the results day.

Considering the new stake bought by a major fund recently, the results may not be too bad otherwise this major fund would have waited until the results before buying in? It is also interesting that they bought it this close to the results. I cna't see their £120M becoming half. Certainly they would be speaking to Dame just like how guys here have emailed ITV.

GLA

As per Nov update, digital ad revenue is up -

? Digital advertising revenue (a component of digital revenue) remained strong, up 25% at £283 million to the end of September (2022: £227 million)

Dame said Digital revenue will be £750M in 2026 but at that time market did not believe and SP nose dived from £1.20 to 90p.

Despite inflation, digital ad revenue was up at £283M in Sep'23. If the digital revenue gets close to £500M atleast then SP could bounce back to £1 ?

Today's drop is clearly due to a small possible chance that deal could be called off if the German govt blocks it but clearly HBR and BASF must have done their due diligence during the takeover talks.

Reuters article has this -

According to a government source, a review is not yet underway and the deal is not seen as being problematic.

Https://www.hl.co.uk/news/articles/what-might-be-next-for-european-stocks?utm_campaign=EOH84_European_stocks_13.01.24&utm_source=AdobeCampaign&utm_medium=email&theSource=EOH84&e_cti=11808749&e_ct=T&Override=1&deliveryName=DM147068

We are the only laggards down by 3% compared to double digit rise in European indices!

European banks incomes rose due to higher interest rates and their share prices also rose as a result whereas Lloyds and other UK banks share prices did not rise despite higher interest rates. With rates coming down from now, income from the interest rates will come down for the UK banks and Lloyds share price goes back to 42p? Or is that the borrowers were locked in at lower rates prior to base rate increase due to which UK banks did not make money from the rates and thus share prices were low? As the borrowers would be paying higher rates this year compared to last year so that will bring higher income for the UK banks this year and help Lloyds share price go past 50 and higher highs? Or is it that our FTSE stocks fate won't change irrespective of the economy situation?

Market cap of RR was around £8bn and now £17bn!!!

Usually this type of rise is seen in growth stocks in US but not seen for a UK listed company ever! Amazing rise! It seemed like almost all of the money today in UK stock market has gone into RR!

More than 100% rise in lust 6 months! Such rise seen only with US growth stocks! RR has done a TESLA and NVIDIA rise!

RR proved that UK equities are very much undervalued! There are many UK companies that are undervalued. Pension funds should invest in UK companies and support the economy.

IMO several catalysts still to come for RR

- EFH reaching 90% of 2019 and above

- Investment rating upgrade

- dividend announcement

- narrow body market

- SMRs

All of the above supports £3 atleast! Previously it was £3.58 but now with improved prospects and potential for more revenue, a share price of £4 is easily achievable.

Just couldn't resist to post here after seeing the price going above £2! Hearty Congrulations to all those that held on to these!

I invested in 2021 Mar at £1.18 in the hope that it would go to £2 last year but Putin spoiled the plans for everyone.

Sadly I sold at a cheap price after losing sleep last year. Glad that I didn't lose money but I now have small holding here. Another one that I lost out big after waiting for years!

There were too many traders and short sellers that plagued this share last 2yrs and with Tufan's burning platform comment, I lost hope of any recovery but magically all worked in the end. I guess there will be further upside here to £3 and higher considering the past performance. Any weakness due to wider market is surely an opportunity to top up.

I think the trick is to find the company that is strong in fundamentals and the business makes money and debt is serviceable. I'm hoping that EasyJet pays off for me as it is a solid business and turning into profit and massively cheap compared to pre-covid price of £10+ and low debt among the European Aviation.

Well done to all those that held RR shares tightly. GLA

Just posting the last para again to prove that Nutsack is wrong about EZJ winter bookings -

Those invested in easyJet shares may also find some comfort in that travel demand doesn’t seem to be slowing down either. According to CEO Johan Lundgren, the travel operator’s winter bookings are up by more than 100%. Thus, he has plans to increase the budget airline’s capacity by 15% to meet the needs of strong winter demand. Considering the fact that winter is usually an unprofitable period for easyJet, these are encouraging signals.

Stifel raises easyJet to 'buy' (hold) - price target 650 (550) pence

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UBS raises easyJet price target to 760 (710) pence - 'buy'

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RBC raises easyJet price target to 550 (540) pence - 'sector perform'

There you go the ratings. This is easily worth 550p atleast.

I think tide has turned with respect to who wants to support the war going forward. No doubt US wants to support the war as they are not feeling the pinch from the war but some countries in Europe are stepping back as the inflation is not coming down sooner. Our own Ben Wallace said we are not Amazon to keep supplying weapons to UKR. Glad he made that statement. I'm sure Sunak does not want war to continue for long as it is keeping the inflation up. Biden may force Europe to support the war but need to see how Europe responds. I do not think Trump can win the election. If he does then no doubt he will immediately put an end to the UKR conflict.

Back to EZJ, looks like consolidating at around 485. Need the broker ratings at 550 to prove that yday's was a false dip.

It really was a strange dip yday with good numbers. When last 2 quarters EZJ was reporting losses, SP went up on the day of the results to 530s and now when EZJ is turning to profits with end of year profits projected to be 200m we dip?

Some big traders dumped this yday to move to another share and the herd followed. This can only mean one thing when the herd comes back, SP will reach a new high which IMO is 600p.

Nearly 10% drop!

Expected atleast 5% rise considering the market momentum. Big boys need to bank profits and load up again cheap.

Next upcoming catalyst is Cybertruck production and until that is announced it could keep dropping. Previously Nvidia AI helped the Tesla price. I guess $250 next week and will it go lower is what has to be seen.

I guess it is the US tech going down after hours causing the panic here.

But United Airlines up 3%+ after hours in US so EZJ should be up. Give it sometime and peeps will jump back in. Bought £3k at 493p!

Any more to come later this year or no more for this year?

Hmmm bloody Barclays downgraded.

Great come back for the Tesla share price!

Already above $275 when I was thinking it would get there just before earnings.

Surely it will touch $300 and then profit taking starts I believe?

highest was $1200 before split, which means $400 in today's money so still lot of legs to go! ?

800M shares to Liberty for the acquisition is a lot of shares which if Liberty dumps on the market then bloodbath to SP although any share allocation would have a lock-in period. As SONY is also interested so ITV cannot haggle much if they are serious in acquiring it. ITV has cash to fund the acquisition. Let's hope the deal does not allot many millions of shares to Liberty!

Pogo, I merely just shared my opinion in the hope that someone would provide more details and comment on how the deal would help ITV and how it would fund the acquisition.

Daniel, thanks for the Times article. It looks like ITV could propose stock options to Liberty instead of cash as part of the acquisition so although the deal could be $1bn+ worth, the actual cost that ITV pays could be much less than $1bn+ provided Liberty agrees to the stock options. If Liberty want cash instead of stock options then I think funding $1bn+ is a big ask for ITV in the current climate.