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Pogodhead. I've been invested in ITV since 2018 when I bought in for the divi.
I don't read your or Tom's crap and you're both going on block because your drivel is boring and you're probably the same person talking out your rrrrr.
Https://citywire.com/investment-trust-insider/news/expert-view-itv-flutter-hollywood-bowl-ceres-b-and-m/a2440555#ShowComments
Interesting article posted on citywire funfs insider daily email
Still the dumb dame is problem despite her salary cut she remains an albatross. She still got 250,000+ free share bonus for failure.
Share buyback only 10% money spent.
My worry is if whereas Lloyds has promised to cancel shares when buyback is complete, ITV has not said it will cancel any when buyback complete. So if they eventually end up with 250 million shares held in treasury what's to stop her awarding herself 5million shares next year.
Also worry that Goldman Sachs are doing for their money as price is moving up 10x slower than on the way down. I read they are only allowed to buy 10% of shares traded on the day. Why? Presumably to prevent a short a short squeeze that wipes out shorters the leeches who take money everyday for ruining companies so there Private Equity co-conspirators buy up companies on the cheap, load with debt, fire workers, refloat and run off with their ill gotten gains.
Https://www.thisismoney.co.uk/money/markets/article-13237989/ITV-brushes-pay-concerns-boss-Carolyn-McCalls-earnings-fall-2-9m.html
https://www.telegraph.co.uk/business/2024/03/25/itvs-legal-bill-soars-phillip-schofield-scandal/
Never mind Tom's rambling these state the facts. The dumb dame is totally useless. Her woke socialist career is the usual b**t. The BBC, Guardian, pure fluke at Easyjet and ruination of ITV all to push her virtual signalling social worker woke views. Like all the other charlatans who work for Stonewall, BLM, C4Calais and any of these money grabbing charities. It doesn't matter if the company goes down the toilet so long as the pension pot is safe when they recommend a deal when a Private Equity vulture comes along.
Classic bonus scheme that has no deliverables but pays out even when share price is going down. Remuneration committees came from Thatcher idea to pay directors more but that turned out to be just 2 sets of greedy, aren't we wonderful idiots. I got stung at Scottish Telcom/THUS plc many moons ago. I can see this going the same way.
The dame will ride to the rescue of a combined BBC/ITV socialist pravda state broadcaster funded by the government.
Sadly there are a lot of oldies on double pensions who still think they live in a socialist paradise and get there view of the world from the Grauniad, BBC, ITV and SKY news. And today's poor sad begger is.... and it's all the fault of the nasty upper class Tories😂
The end is nigh!! Feel better now must take my tablets and get some breakfast.
Maybe we're coming to the endgame. I remember the picture of Galloway embracing Sadam Hussein. The only thing one world Blaire got right in 13 years of destroying the UK was getting Sadam hung. Sadam was the leader of Caliphate crowd. We've had Al Qaeda, ISIS and others that have spread militant Islam like cancer throughout the world. Hamas, Hezbollah and Iran are on the rack. The good news is mosques are closing in Iran because of lack of attendance. Despite the brutally of the republican guard only 29% turned out to vote so let's hope they go the same way as the Shah's brutal savak. It's a game of numbers, the Shah's regime killed maybe killed 10,000 in 30 years, Khomeini's body count is well over a million so in the end it will collapse. With military dictators like Sisi in Egypt there is stability and the west should stop whining about democracy and human rights. It's not possible in an Islam state. Sadly Europe is finished as we have the worst system of all, rule by arrogant stupid Human Rights lawyers. It's not his fault he's just a very naughty boy. Maybe we need Brian's mum (life of) in charge a new Thatcher not a wet lettuce but definitely not the lieing overpaid lawyers.
The dumb dame getting all her lame excuses for incompetence in early this year. Maybe if she cancels all her stolen free shares and cuts her own salary we might get a relieve rally but doubt that will happen unless she resigns! In the woke world she's nailed on to get the top woke job at the BBC after subsidising them with ITV shareholder money on Britbox so maybe that's her exit strategy unless Stammer offers her seat in the Lords! The only consolation is a private equity buyout is nailed on and I'll get half my money back. Not only cynical but bitter as well!!
Daily Mail
ITV profits set to halve amid advertising slump, forecasts predict inhttps://www.thisismoney.co.uk/money/markets/article-13151421/ITV-profits-set-halve-amid-advertising-slump-City-forecasts-predict.html?ito=native_share_article-top
Complete failure again for the dumb dame, how much longer before she falls on her sword?
Citywire comment
ITV’s decision to sell its 50% stake was inevitable as the company has been busy trying to grow its own ITVX streaming platform. It always seemed like an odd fit to be in a 50:50 venture with an archrival, and bowing out effectively signals that BritBox wasn’t worth the effort for ITV,’ said AJ Bell’s Russ Mould.
Big boys in play with £120m so we must have seen the lows.
https://www.telegraph.co.uk/business/2024/02/12/mayfair-fund-takes-5pc-stake-itv-advertising-downturn/
The stake building is likely to stoke speculation about a potential sale or break-up of the public service broadcaster as it battles a sharp decline in advertising that has wreaked havoc across the TV sector.
Dame Carolyn McCall, chief executive of ITV, has described the downturn as the worst since the financial crisis, with ad revenues expected to fall by 8pc across 2023.
Good news from the dumb dame again then so surely she is toast!
Breakup value?
It was £3bn for studios and £3bn for back catalogue when she joined with her woke ideas so job well done then! Cancel her shares and her job. Cut salaries of stars and relate pay to advertising revenue when they're on!
Https://www.ft.com/content/e7eabcf5-5032-3567-a9d9-f6a723d60358
FT article on Silchester.
Don't want to get over excited but certainly don't sound like a bunch of hedge fund/shorters.
They have holdings in Shiga Bank a pretty big Japenese outfit. Seems Silchester were pushing Shiga to pay a special dividend so seem to be more of the active investor type. Maybe with 5% they can kickarrrs at ITV!
Would love to see the Dame under pressure to make money for shareholders rather than running it as a woke director's pension fund.
Anon3
You are missing my point. It's expensive to produce new stuff so back catalogue if licenced for showing outside UK will be relatively cheap for the worldwide streamers to add to their offers. Netflix already pay ITV studios to produce new stuff for their platform so it will cost us zero for some overpaid lazy woke execs to do try and strike a deal with streamers which can also include new ITV content once it's been out on terrestrial for a while. It might mean less time in meetings wasted on diversity, equity, inclusion and bonus plans for failure. They're employed to make profit for shareholders not to save the woke world. We're already paying their inflated salaries and if they don't get their lazy backsides into gear ITV will be toast if something doesn't change soon. Maybe the execs could move to the Post Office or Fujitsu maybe. Interesting 25% of CEO's forced out or resigned from sinking ships last year were women. Let's hope the dumb dame jumos ship after 5 years of making excuses she could go back to the Grauniad.
Agreed old content is good but since dumb dame joined has been devalued it with wokery. Too late in the day to sell for a 1/3rd of what is was worth 5yrs ago. The problem is with a VPN anyone anywhere in the world can access ITVX anywhere in the world. Thus the content has been pirated and is available all over the net. Why is the dumb management allowing this to happen. It's stupid to try and compete with a subscription model worldwide as can be seen from the failure of Britbox to make inroads outside UK. Why has the dumb board not got the nouse to licence the back catalogue to Netflix, Disney, Amazon, etc... to show outside the UK. This would be hard cash and streamers have all the tech in place to know where people are resident as they have the personal details of their customers. They could also ask for a %share of any advertising revenue earned on streamers broadcasting our content. So why am I not on the board of to sort out the numbnuts we have?
o'malley or is it the womble.
i've blocked wimtom again as i'm convinced his sudden increase in intellect is down to ai. just another sad woke keyboard warrior with a grudge against the world.
the dumb dame struggling to hold on before she joins alison rose, dame white, dame mone, paula vennels in the naughty corner. she claims itvx was her idea which i doubt. her idea was not selling the back catalogue 5 years ago for £3bn as that would benefit shareholders not her pension scheme. what's the catalogue worth now 5 years later with trigger warnings with the original stuff available pirated online, 10p?? another 2.2m share award so now 3.7m towards her pension fund for sucessfully losing £4bn of value in 5 years. she was actually quoted as saying she was not bothered about the share price! borrowing near 0% to buyback shares of shorters would have stopped the rot but woke guardanistas only believe in their infallability not profit. britbox may have been her idea as it was a complete failure. going woke to go broke is her idea and i was an idiot not to read her wiki entry, spot guardian group and take a small loss at 160p. itvx success is touch and go but i'm still holding to collect divis and maybe £1 in takeover. the only bright spot was over new year my wife's 9yr old great niece who i gave and old tablet a year ago now has fire tablet and first laptop. while we were searching for a suitable film to watch she seemed to seemed to have watched a lot of stuff on itvx so maybe that's a good sign. there's a big hole in the steaming logic that needs filling. if i watch on itvx i can not fast forward ads but if i record on my sky q box i can! good for sky but do they pay itv for the privelege? stop shoe horning woke characters into storylines that ruin the plot. don't mind minorities of any kind if they can act and are not be given some ridiculous part. i watched couple of episodes of a 3rd dama series, not sure if it was beeb or itv. at the end of the episode it turned out the actual killer of the homeless ex serviceman was killed by the attractive black ******* drug dealing nightclub manager. not read that one in the papers so maybe the actress needs a new agent!
ok time for a walk so rant over.
by wombles you had me fooled for a while.
Why are remainers so willfully stupid? Merkel hiding away after apologising for not spending 2% on Nato but whined she needed cheap russian gas for german industry. No mention of the 1 million immigrants she allowed in without checking who were beaten ISIS and Taliban supporters fleeing the fallen caliphate. 400,000 refused asylum and no one sent home and now working in crime gangs and heading for the softest touch in UK. Free movement in the Schengen area now ending with border checks and fences but Brussels and Strasbourg still refusing to change asylum laws. Oh maybe you've not spotted the Ukraine war. The Corbyn boys marching in support of Hamas and Piers denying Oct 7th is fake news. But then Pravda and the Guardian/BBC always ignore the facts. Turns out the ladies like Farage so wokies be fuming and working on a Boris style assassination attempt.
what a pathetic lying performance in the commons from the dumb dame. when she came from easyjet i didn't know she was from the guardian otherwise i would have sold at 10% around 160p. her stupid woke beliefs are directly against profit for shareholders and all about and promotlng minorities and diversities. she had the chance to sell the back catalogue for £3bn+ to netflix but that would have damaged her own long term pay and pension plans. she totally failed to take on the streamers with britbox. how much has she reduced the book value of tbe back catalogue with her stupid woke views? it nows appears to be held as a none woke liability of minus £3bn!! i've never watched soaps or reality shows but enjoyed a good detective series. i no longer watch today's series as it's a race to the woke bottom with totally unrealistic of reality with over representation of every conceivable minority group. it's not diversity it's stupidity but then we now have a billionaire indian prime minister who drops is trousers for the rest of the world especially his father-in-law.
the dumb dame will take the private equity or sovereign wealth money purely to save her bacon. only shareholders will lose out for sure.
i personally respect lgb couples who are in stable consenting relationships in private. i tried *** sex as 12 year old but found ladies more to my taste. good job i didn't have my bits removed by the nermaids! good news or not? colin pitchfork to be released again, will he be safe? african migrant kills 3, must be my fault then or is it the human rights lawyers and their echr masters.
dear dame, please resign, my pension pot is down 50% and if you weren't a woman i might throw a milkshake over you!
ok i'll stop rambling. won't bother to reply to the idiot stalinist stammer supporters but remember 3 million starved in europe under stalin and some tribal africans kill each other on a daily basis without the help of the empire.
oh god the dumb no gce's rayner and rosey cooper latest liberal loser gloating on boris, gbnews get your act together. more child killers going down, it's an expensive conveyer system that soaks up our budget and anarchy has arrived.
i'm off to top myself or maybe i'll sit in the sun and pretend it's not happening.
who's got the patience to start a real protest demo against the dame?
Payce why don't you get off to some commie group meeting, low life pub, drug den or put in a bit of protest vandalism in the name of woke. My views come from 50 years of successful work including 17 years abroad. Having started as commie Grauniad reader I realised by 30 the that if you never leave town or read the same crap you become a full time loser. I despise criminals and relate to intelligent people of all races not losers.
You have google so check the facts, you will not find them in the Grauniad or on the BBC. It's interesting that thanks to the obscene violence of the last few years killings and woke HR lawyers "he's nice boy really, it's not his fault" the proletariat are restless and angry. I'm looking to our barely literate miss no GCE's running the country. I thought labour had hit the depths with Corbyn, Abbott and MacD but it seems there is further to fall.
Short squeeze was on this morning. Stop helpling them out, buy or hold. If you try to short the big boys will take your money. I could have taken a profit on my last tranche bought at 92p but I'm happy to wait for results and divi. I might not get to my average above 150p but I've held for 5 years so no point in panicking now. Inflation easing, recession not expected to be too deep. Strikers losing the war, nobody is special and the tiny minority who are using food banks are single parents with kids and no partner. You can't set the minimum wage for single parents with 5 kids who are stupid enough to have kids in the first placea and then pay the same to people on the social it will just bankcrupt the country. Rishi should have stood up to the moaning classes and given no more than 50% furlough and if he gives in to the commie trade unions now income tax will be back up to 30% under Starmer. My wife and her sister are both retired nurses and they don't think nurses are underpaid. With nightshifts, weekends they can push their salaries up. Pensions and holiday pay are unaffordable and not funded. Get rid of the diversity managers and trans dare I say p**verts. Farm out the scanning and new hips and knees for a couple of years and concentrate on the difficult stuff. And of course bring back hanging to get rid if the likes of Cou*zens for a saving of £5m a head each over 40 years. Dangerous dogs are put down and don't have human rights so the worst deserve the same. And last of all finish off Putin ASAP.
I seem to remember the talk of auctioning the back catalogue for more than £3bn when the dumb dame came along. Empire builders prefer to accumulate salary and pension money while they can. I agree selling studio's ONLY looks stupid as the audience for old fashioned TV is diminishing. Now ITVX is up and running with a decent app and advertising/subscription model it is worth selling on with a deal to continue providing studio content. Sadly the increasing focus on woke story lines is killing the content. Used to love Vera but the last episode was really stupid and it was the closet *** who was the murderer in the end! Ok you can call me an old white ****** f**t but it seems that minorities are now in the majority. The old stuff becomes more dated and the new stuff too woke so let's auction the lot to the big boys or more likely Private Equity. Having held for 5 years I just want out with the smallest loss possible.
The problem with the Dame is like all UK company CEOs and board members they have inflated opinions of themselves to the point of arrogance. They are supposed to shareholders first but 99% put their own salaries, pensions, share options and other freebies first. It was Thatcher that made the mistake of setting up remuneration committees, the most inane idea ever. Pay the best and brightest people to run our world leading companies with salaries set by remuneration committees. Yeah great idea, can just see committee members telling CEO no rise for you this year but you'll have to pay committee more! B'liar and dumb Brown actually made things worse by adding the PC Woke dimension so it's ok to screw shareholders and workers so long as your supporting our puerile woke ideas.
When she took over the back catalogue was worth £4bn according to the city experts. So she could have auctioned the lot to Netflix and the streamers for cash and paid a £1.50 special dividend. This would have left her with legacy terrestrial and a growing studios division valued at £1 with no short sellers interested. Instead in her Woke virtual signalling media bubble she has reduced the value of a catalogue because diversity kills anything not produced by the new order. The joke is you can watch all this outrageous stuff online for free. So let's not give her any credit for building up a massive pension pot which continued even when dividends were suspended. The fact is most humour and old movies die with their generation and are of little interest to today's increasly stupid wokies. So I hope ITVX is an instant success so I can get back some of my unrealised losses. I think it has a chance if new output is released online before on terrestrial for under 40's. Senile old f*rts like me watching old comedy stuff are literally a dying market. At least I can fund my winter holidays with my dividends which will be on the bank this week.
More likely you were logged into ITV Hub previously and saved login details. I downloaded ITVX on Android Play Store but icon shows as ITV Hub on desktop. It is ITVX that loads as any selection starts with adverts and you are offered everything Ad free if you sign up for paid subscription. With 10,000 hours of content plus Britbox and new stuff to be released before showing on terrestrial it should hit a bigger younger audience. Let's hope it gives the shate price a boost back to the 130p high post covid.
Epro,
I wonder about your intellect. I spent 20 years working abroad from 1973 to 2004. I met a lot of nationalities and noted that poor or rich the none EU were obsessed with reproducing regardless of their intellect. So I had my 2 kids born in Iran and said no way to a 3rd. I spent 40 years explaining to my work and social colleagues that if you have two kids you are doing your bit to stabilise the world without taking out more than you put. But most think they can have as many kids as they like and the poor expect the government to pay for them.
So 100's millions of years to go from the garden of Eden if your a god botherer or a Darwinist, to 1 billion in 1980 and 8 billion in a few weeks time. So applying a bit of logic industrialisation in Europe has caused this increase and we now realise that climate change caused by industrialisation will bring us back to 1 billion by war, flood, famine or disease. The only country to do anything about it is China who have managed to stay at 1.4 billion by somewhat restrictive means. So your blind faith that 10 billion will be peak and climate will normalise before Armageddon arrives is I reckon misplaced. I will not be around for you to tell me I'm right.
Off course we can save the world by all living in tents and eating veggies only. Good luck with selling that. You've seen the disaster movies so stock up on tinned food, dig a basement shelter and get a gun licence. I'll carry on as normal and go on a dignitas holiday when the pain gets too much or the dementia is concerned. My dad spent 3 years fighting death not knowing where or who he was and that's not for me.