Member Info for WimbledonTom

100 million spend by a company that is only valued at 3 billion?

I think I would rather be the studio side of that transaction. Thames/ Fremantle are making an absolute fortune where as ITV can barely generate the advertising revenue to meet that studio fee.

BGT on Disney or Netflix would rake in far more revenue for the streamers.

Pogo that 72 figure was only available for a brief minute or so this morning. Hard to believe you bought in at that price. Porky pies?

Evrything you need to know about the crisis at ITV in one article.

https://www.telegraph.co.uk/business/2024/05/21/itv-cut-200-jobs-ad-revenue-tumbles/

Falling revenues. Job cuts. Hiring freeze.

ITV needs to pull free to air and make ITVX subscription. Bold move which needs a well thought out transition but the Dame is too weak. 6 years now where she should have made the move to paywalls.

Winnie posts an article and yet fails to read it.......

If she did it would take a whole different context. The 100million in the headline is the amount that ITV fork out for BGT. Britains Got talent is made by Thames/Fremantle which in turn is owned by RTL.

The article also goes on in great depth about how Simon Cowell is receiving therapy for the stress caused by falling ratings. He is the one selling this format to ITV and yet every year the viewers are leaving. That 100million price tag is getting harder to justify.

So TV execs are desperately scrambling around trying to find way to maximise revenue.

But as we know ITVX is not the golden goose that the Dame promised. The most watched drama on ITVX, MR Bates vs the postoffice lost ITV over 1 million.

Real Crisis at ITV with free to air. SP will only fall as a result. Do not believe the spin. Do what the directors do and sell. No long term future here until Carolyn's cronies find a new host to feed off.

Oh dear Janus is back and repeating the same old lies. How many times do I have to repeat my backstory? I worked at ITV in 2006. I have been invested in ITV for more than a decade on and off. Never interested in Easyjet. No idea who McCall was before she was appointed to ITV in 2017.

I have been vocal here for the past 2 weeks as the share price has risen. I have been vocal here since the buybacks commenced. My posting history will show that. Janus' posting history is predominantly posts about myself. He/she stalks me across these forums. The majority of their posts are not about investing but are attacks on me. Janus offered to leave the forum in 2022 if the share price went below 120. Still here

I get some of you want to shut down the message but this forum is one of the best places to communicate issues with the EZJ cronies ruining a FTSE 100 company. It also helps to second guess the dips and rises here so that many of us Long term guys can actually make money out of this share.

Now back to usual programming. The share price will continue to drop tomorrow. Who will be bold enough to take their money elsewhere. OMalley is posting on the BP forum and looks to have bought into the rise there today.

It is profit taking. Anyone with sense is bailing out and right now the LTH are starting to resemble the cast of the Muppet show. Freaks, weirdos and old gits. People you move away from in a pub.

So to summarise.

You have no confidence in the CEO

You see short term pain here before the SP eventually pickups.

You believe erroneously that ITX like Britbox will bring viewers back to TV when audience shares the world over are fragmenting.

Sell man. Have some courage and do the right thing. The odds are against the current bunch of incompetent theives at the top moving on. Better to make money elsewhere and then try to time it right for the EZJ cronies to depart from this once great UK company. The talent is in the UK for TV just McCall and cronies are squandering it right now.

So on a day with dividend reinvestment and share buybacks propping this share up it still falls.

Massively over valued now. Anyone who is not profit taking is insane. CEO is firmly entrenched so this share is doing nothing unless she does a Sunak and announces a snap resignation

Back to 76. Now the slow learners amongst us will still be chanting £1 but the brighter students who have watched this share for years now know it goes into summer retreat.

The dishonest rampers will tell you that advertising is recovering and yet ITV on the floor are imposing pay cuts and encouraging the big earners to take breaks as viewing figures plummet.

The people who have failed in life will tell you to put your faith in a CEO who only made it to Canterbury at 18. In my day if you went to Canterbury to study it was because you only got U's or E grades at A level. To put your faith in a CEO who has wiped 10 billion off the value of a company. A CEO who knew about a sexual predator and failed to act and then went on to lie to Parliament to save her own skin. A CEO who claims to have cleaned up yet still keeps her cronies mistresses on the payroll.

This is going back to 60p. You can be a Pogo and a Winnie with "incestments" and questionable grasp of English and reality or you can invest elsewhere for the duration of the fall and then come back for the day the EZJ cronies are sacked.

Pyongyang is regurgitating the same old tired lines over and over again. Everyone is a troll and the person who promised us 80p and £1 by today is a genius and far superior to all other posters.

I also have the ITV dividend. Going nowhere near ITV with it. With the snap election now called we could have some nervous selling tomorrow. 99% of people were thinking the election would be in the autumn. Good old Sunak. Prospect of a Keir Starmer government and windfall taxes beckons. Shell will most likely quit the FTSE 100 which could ignite rocket fuel under their valuation.

I am still here as I need to keep informed for when I do buy back. Some day the Dame and the EZJ cronies will move on and ITV may under competent management return to the FTSE 100. Why miss out on that?

As for the ITV advertising in return for equity in startups it smacks of desperation but beggars cannot be choosers. They get to show investments on balance sheet when otherwise advertising space would never even sell.

McCall OUT

Temporary blip. Long term this is going to 5.50. Just a waiting game over the summer.

Bob Dudley and the Russians? I seem to remember the BP offices in Moscow getting raided. Dudley had to get out of the country and some small rumour about poisoning.

Going back further Lord Browne got burnt twice or maybe more times with Russian aquisitions?

The whole of the joint assets with Rosneft were written off in Feb 2022 with the invasion? $25billion

BigEgo has rapidly become the best contributor to this board. No waffle, no filler, no spin. Just hard facts.

Shame he/she has me on filter :(

To think only 10 weeks ago we were being told that AD sales were recovering. Now ITV are setting up to cut jobs across all of daytime. Stripped back shows are not going to attract the increased sales the Board were promising investors.

Corporate spin and now we see the reality

emma gormley has delivered the news. 3 month contracts. pay freezes.

https://www.mirror.co.uk/tv/tv-news/inside-itvs-crisis-brutal-contracts-32848483

looks like large scale layoffs are happening. summer **** up is cancelled. ant and dec are now too expensive for itv and might have to defect to bbc.

AGM vote??? Boeing shareholders recently voted to keep their CEO despite the disastrous performance of the company and despite the fact that he has already said he is going.

McCall took a 20% pay cut. Who orchestrated that?

6 years she has diverted money from studio aquisitions back to productions that predominantly are for free to air in the UK and make no money. Wrong decision. She cannot resurrect the ITV of the 20th century. Media and entertainment has changed.

Get the old dinosaur out. New and much younger CEO needed with global outlook. No more lining the pockets of chums, sychophants and directors mistresses

That is you and too many others. You do not want to have to adjust your thinking. ITV is not a FTSE100 company. It is not worth 10 billion. Its revenues in advertising are gone. Its has too many board members, too many overpaid presenters. Formats that no longer generate profit.

Rapid change is needed but the do nothing Dame has done precious little in 6 years to address the problems. Minimal changes and still handing out millions to the people around her, studio owners and showbiz pals. It is a broken business model and the parasite Dame and her cronies need to be moved on so that new leadership can move investment back to the areas of the business that have a future rather than lining pockets of chums.

No previously the Dame has thrown over 120 million at ITVX commissioning new shows whilst she was fully aware that the income from those shows was vanishing. She continued to put Ant and Dec on gameshows with unlimited prizes and pay Louis Walsh £1million for Celel=brity big blunder. She hired Cat Deeley to present This Morning despite viewers leaving.

So her policy of spending big to generate growth in viewers and revenue has absolutely failed. He gamble on ITVX and the extra spend is now a proven failure.

For 6 years she should have been cutting costs, not splashing out 120 million on ITVX and a futher 100 million on her pay and her cronies bonuses. That is hundreds of millions that could have been invested in further studio aquisitions. Investing in the areas of the business that she knew generated income rather than free to air where she was buying the adoration of the millionaire presents.

Big Ego you failed to see how the Dame has been in denial and burning through millions to prop up a failing free to air. This is the first time we saw a real public admission that cuts are now coming. The end of ITV as we know it. The move to paywalls and cheaper presenters. Lorraine Kelly and Loose women will all have to go to BBC if they want big rewards.

Pogo I read everyone of your posts. Does that make me intellectually challenged? You can barely read and comprehend English. Everyone of your posts goes through a translation app.

Anyway over on the other place there is mention that the Share Buy Back has been stopped!!!!!! If they are asking stars to take cuts and salary freezes then maybe the 200 million on buybacks is now seen as a slap in the face to staff who are used to champagne dinners. Why should Loose women go without their prosecco whilst 200 million is going on proping up rich shareholders investments.