Member Info for WimbledonTom

The Big institutional investors have moved against the CEO of ITV. Demanded she take a cut where as previously they remained silent. It amazes me that Winnie would want to suppress discussion of this. The logical place for further actions to take place would be at the AGM in May. That could have huge repercussions for the Board but it would be the first real vote of confidence since they covered up for the sexual predator Schofield and were seen lying to Parliament.

Winnie why not play the race card as well? Why are the fixated on the CEO's gender only? The Scottish and Irish here will feel you are not speaking up for them. The anti transphobes will surely be happy to rally behind your screams of discrimination.

ITV spin? Still only the 5th largest streaming platform in the UK. Way behind where they once were as biggest broadcaster. Does their free to air model future stand any chance with falling as revenue? Dwindling advertising revenue and yet they pay Louis Walsh somewhere close to a million for Celebrity Big Brother. Who signs off on this nonsense.

Anyway Winnie as you well know, the big institutional investors forced the CEO, Dame Carolyn McCall to take a big reduction to her remuneration. No longer 3.5million. They expressed disquiet that her rewards were not linked to share performance.

That to me says there is discontent amongst the majority owners. Any kind of measure or notice could get put to the Board between now and the AGM. The smart investors would be pushing for change at a company where the CEO has wiped 7 billion from the valuation of the company.

Vote McCall OUT 2024.

2% drop in a day despite buybacks. I blame the warmongering troll Pogo.

Wow THG went off the side of a cliff during covid and has never recovered. I am still so happy I went with Shell during covid for a recovery share and made 2.5x my money on the shares bought at £10 lows. Just need ITV to go back to pre Mccall/ITVX fiasco share price of 120.

THG I know very little about but that 60p price looks good on the graph.

You think 78 is achievable before ex divi? I think 76 might have been the high yesterday and price may fall back to 70p after ex divi and then the buybacks will increase as the general market tries to pressure the price back below 70p.

One week to ex divi day. Weighing up different strategies. Going all in. Selling half with the idea of buying back on the day at maybe 5% less. Selling and taking the profit now before we go into six months of stagnation where nothing happens and the share price slowly declines.

What would Jed do?

Over 75. Quite an achievement. Congratulations to all the long term holders and ignore the newcomer Pogo who is only here for short term gain

It is a sorry state of affairs and will only get worse with Labour where middle incomes are squeezed by taxes that super rich never pay.

On the bright side we have record levels of immigration to pay tax and not 300million pensioners like China has.

Late 24/early 25 at the current rate. That could potentially keep this above 70p for most of the year although a large sell off after ex divi date may accelerate the buyback if the price falls below 70.

Summer has always been a good time to move to other stocks and then come back here for end of year.

Morning dip followed by afternoon climb. 4 days in a row now.

3.3p to be paid 23rd of May. Ex dividend date of April 11th.

Starting to see a pattern. After 2pm each day this week the SP picks up. RNS that comes out at 5.30pm usually shows 500k+ shares purchased as part of the buyback.

It is the Dame. The moment she makes her exit from the stage the mood will lift at ITV and the Share Price will take off like a rocket.

I am a Long term Holder. Like Jed I do small trades that net me 1k to 2k here and there.

I want to build enthusiasm for ITV. For the Share Price to go back to the Crozier days of £2+.

Just no escaping the fact that the Dame has been abysmal. Worst thing that could happen to ITV and we the share holders and the ITV employees carry the cost of paying for this utter waste of space. How many suicides on her watch? She cannot even get safeguarding right. Too frightened by lawyers for sexual predators that she puts someone she knows to a real danger to ITV repitation back on air.

AGM she needs to go. Someone who brings Britbox deals to ITV every month. Buying and selling studios. Build them up and sell them to cash rich streamers.

Winnie my persistent attacks on the CEO yet even the big funds who control ITV now agree. The useless waste of space that is Dame Carolyn McCall has had to take a cut to her remuneration.

6 years I have said she is not worth the money. Finally the message is getting through. £20million to wipe 7billion from the valuation of a company. Biggest joke in UK business world.

3.3p may not go this time around. Looks like people are speculating about the Dame and the Board. First time we have heard of shareholders forcing the Dame to take a paycut. During covid she voluntarily took a reduction. The balance seems to be moving against the current Board and people maybe think 6 years of failure is enough.

AGM more likely to be a turning point but whispers seem to have started.

1% rise is 30 minutes.

Looks like majority shareholders are turning on the Dame and starting to dictate terms to her. No more 3.5 million for failure.

A reboot of Jim'll fix it with Schofield as host would pass the Dame's safeguarding. Even the KC who did the enquiry would sign off on it.

I noticed my voting options for the AGM are in. That must be where the big funds have already notified ITV that they intend to vote against McCalls remunueration. Possibly we have a shareholder revolt on the cards where investors go against the Board's recommendations.

Vote of no confidence in the Dame

Jed how did you miss the news story about the Clueless Entitled One having her share options drastically reduced?

https://www.thisismoney.co.uk/money/markets/article-13237989/ITV-brushes-pay-concerns-boss-Carolyn-McCalls-earnings-fall-2-9m.html

Shareholders have expressed "disquiet" at her enormous bonus and yet ITV have "rejected concerns".

God only knows why she is not just on her basic salary.

Real investors who use translation apps and still their gibberish makes no sense to anyone.

The reason that Greggs and War Hammer are worth more than ITV is that they hire decent CEOs and Board members. Not Carolyn and her many Cronies who all want millions to do nothing.