Member Info for WimbledonTom

Credit Suisse had an analyst ask one of the questions. They have already issued a broker rating

"Credit Suisse raises ITV price target to 107 (103) pence - 'outperform'"

Genuinely it looks like £1 is achievable here. No big shocks today. The fact that targeted streaming advertising is going better on ITVX than Netflix and Disney etc who are slow to pick up on ads bodes well. These guys are now trailblazers for the industry.

400 advertisers have come on to digital tv who do not advertise on linear tv. ITVX and Planet V have opened up a much wider advertising market. Billions now in advertising revenue as opposed to falling revenues in linear markets

"ITV studios is not for sale" Dame Carolyn

The overall message is very upbeat. Studios performing above expectations. 1000 customers. Global sales. Streaming is growing fast. ITVX had loads of data now and informed advertising.

Rugby world cup coming in September to October. High spending demographic, Sponsorship already sold to Land Rover Defender.

Planet V and ITVX are targeting ads on a large scale which the big streamers such as netflix etc cannot do yet. Ebay is targeting ads for Love island.

Stewart why wait until 80? I think the livestream will be widely watched. Share price could be in 90s today which would be about right given 717million profit.

Live steam's lobby music kicked in and the sister of one of BoD has her mugshot up. No nepotism at ITV!!!

Freeview and digital are getting switched off. No big secret. All entertainment and media will be via internet on apps and browsers. ITV had to create a viable platform if they were to stay as UKs leading entertainment company. They could have done nothing, milked profits and then ceased all output in the 2030s.

Chris Kennedy the CFO and Carolyn Mccall go live in 20 minutes.

No need to be disappointed. If you remember last years presentation they outlined a 100million+ investment in ITVX. That was always going to impact profits. It means the business has a long term future rather than just optimising profit for a few years until terrestial tv is switched off. Transition costs that mean ITV will continue to generate proft for 100 years rather than 10.

I am happy for others to manipulate. Buying more at 86p. Will cash in for 90p by 10am

The virtual Q&A. Worth watching for any announcements. The SP grew last year after results for first 90 minutes and then the Dame crashed the price with her presentation.

https://www.investis-live.com/itv/63ca6e6baba36a0c00445512/shate

8am lets see which way the SP goes now

Sorry prediction was ITVX costs would impact, dragging profit down to 550 million.

I see adjusted group EBITA4 at 717 million. The FT article 12 months ago had analysts predicting ITV would drag it down to 550 million. Their worst predictions have not come true. The slide in SP from last years 115 is still merited?

09:30 the Dame hosts a Q&A. Any big announcements should be revealed then including any interest in the studios.

I am hoping this goes to £1 in the next week.

Janus is rarely right but maybe just this one time....

If you look at last years run up to results the news was all positive. We had people predicting great results (which were delivered) and predictions of sky high SP. In the week leading up to the results the SP lost 10p. Still people were convinced that it would recover. It caught most people other than myself by surprise when it tanked.

This year the sellers are much fewer. We were still in the 70s last month. I was hoping for £1 before results day but think I may have to wait until next week when the big investors digest the results and whether they think they are sustainable.

The movements elsewhere with Disney cutting jobs. M6 and TF1 failed merger in France and Canal+ jumping into bed with ITV, point to a growing consolidation in media. Everyone is looking to cut costs and share content across geographical territories.

It might just be that ITVX is well placed to be the distribution channel of choice for all the European and global tv networks who need to sell their best productions in foreign markets to meet costs with advertising falling in their home territories.

Oh and Winstanleys ditty is very reminiscent of the Shamen's Ebeneezer Goode. I am of the idea he has been popping pills. But hey ho, it needs a chorus. So

"Tom's a tit, Tom's a tit. He made a million pounds
Tom's a tit, Tom's a tit. He made Nigeco scuttle off

Winstanley is the champion of rampers!

TBI International is a great site. Lots of ITV news there.

Interestingly I spotted Dsiney are letting some of their series go out on free to air after they have run for a year on the main platform.

Maybe ITV could run old Star Wars series on a Saturday night and pull in big advertising revenue?

https://tbivision.com/2022/11/15/disney-andor-gets-limited-showing-on-network-tv-hulu/

I was with you 12 months ago Dalesider. I failed to see how ITVX would be any different from the hub and that it was an admission that Britbox has failed.

Now I see it as the future of ITV. The only way anyone will access ITV in 10 years time.

If the results are good and it looks like ITV have secured a future with revenue from advertisers for free to air. If the studios continue to grow then just maybe Carolyn has proven her worth. Bringing in Disney execs to market ITV content to other media outlets is great. Hopefully we can see lots of new tie ups with global media firms where they buy ITV content and formats. Where they pay ITV studios to make tv series for their paid subscribers.

Thursday is a make or break moment.

Looking at an FT article from March 2022, the share price dived because "analysts" thought that ITV would continue to lose viewers. The "market consensus" was that the higher additional costs of ITVX would see profits drop from "£800mn to £550mn".

On Thursday we find out if these gloomy predictions are accurate. If ITVX outperforms and if profits are way above 550million then we should see a move up. If profits are 550 million then as ITV SP was 115 last March and delivering a profit of 800 million a fair share price would be 75p to 80p. £700million profit and above should see the SP at £1 by my reckoning.

Good to see you are back for the annual results. We always love your hyperbole and spin. You will of course congratulate me when I cash in those 2 million shares bought at 56p?

Nige sweetie you seem to have memory issues. You were all over this post from BmouthTom on September 28th 2022.

"Bought back in at 56.88.

I said 2 years ago that this share was capable of returning to 50s and that it would before the 1.70 and £2s were reached. I was laughed at and ridiculed by the Nigels and Solleys of this world. Janus and others took to abusive posts.

I have been proven right. They were wrong. Many of them were knowingly lying.

Anyway I am a ramper now and therefore not required here. Too many rampers and liars here for me to have much effect.

Hopefully this goes back up to £1 and the Dame gets her act together after 4 years of dithering. I buyout now looks more likely.

GLA. My work here is done. I silenced the rampers and vanquished the worst liars from this place."

Truppy the pasts posts speak for themselves. I urged caution going into last years results. Warned of a sell off. I was one of the few voices to do so here. I was right.

This year I am more hopeful. I am hoping the Dame has learnt from last year. ITVX is looking promising.

Good rise back to 89 today.

Nigeco who has done the walk of shame. March 3rd SP 110. After results released.

"Excellent results as predicted. Beat market expectations on everything. Net Debt cut, dividend reinstated of 5p annual 2022. 3.3p to be paid in May 2022. Well done CEO Dame Carolyn McCall. Now let's get this share price where it should be trading @170p."