RE: ITV Friday's closing price13 Apr 2025 21:36
Pogo wrote on Friday about Political/Government intervention in private companies:
" The use of political support should not be surprising either, because after all it is also legal. However, it is worth looking at the legal side. In this case, only shareholders have the ability to block the separation of STUDIO from the ITV structure, and they will rather support such a model if only it brings an increase in the value of the shares they own. And there is nothing that market regulators or competition in the form of Canal 4 can do about it. "
Only Paliament convened on a Saturday to bring in legislation and special measures to take control of British Steel.
Pogo wants potential share holders here to believe that the Government would be hands off with a UAE bid for one of the UK's most influential media outlets.
This weekend has demonstrated that a Labour government is not afraid to intervene even if it costs billions.
No way that LAbour politicians are going to sign off on a bid from UAE investment funds when UAE clamps down on political freedom and has a dubious human rights record.
The redbird/all3media part buyout of the studios is utter fiction. Ccreated by investment relations at ITV to spin false stories to gullible speculators who might buy ITV. Silly people who will ignore global markets and the performance of ITV over ten years and only buy in on the chance that suddenly billions are made available from an outside suitor.
Hopefully this week we have more informed and intelligent commentary on this forum. Less of the Solley, Winnie and Pogo brown stuff.