Member Info for WM2020

GS downgraded to sell, target price 700p. A bit overdone....

Great results today, share price rise, buybacks, increased dividends, oil price at $74, long may this continue.

As an fyi, RDSB posted great results today, share price up 4.3%, quarterly dividend up 38%.

Looks like TomLondon did get one thing right.....

ITV hasn't changed Hawi, not one bit....down 2% today says it all about today's results.

Hawi, as we exit the pandemic and hopefully continue to do so I think it is more appropriate to compare the figures to where we were before Covid struck, it tends to show how much a company has recovered in it's financial health to get back to a pre covid state which is where we all want to be (8p dividends, remember those....).

Some may not like what that comparison shows, each to their own.

Smalltrader, couple of things I noted

1) There is absolutely no point in comparing 2021 figures to 2020 figures, ridiculous. Comparison should be back to 2019 pre covid. While revenue is up compared to 2019 (5%) which is good, operating costs are up 13% over same period, thus driving down operating profit and profit before tax.

2) Lack of a dividend, pushing out the dividend was not a good move in my opinion, should have paid something, even 1p. Most FTSE cos that cancelled dividends are now back paying out, even Dixons are paying a dividend!!

3) A lack of a positive outlook for the remainder of 2021 does not impress the market. Pre covid advertising revenues were already starting to fall year on year and please dont compare 2021 to 2020, no point, its like comparing apples and oranges.

4) No strategic deals being made, need to tie up with the large US streamers Disney/Netflix/Amazon Prime to get the ITV content library a better exposure. Forget about BritBox, a complete waste of money. ITV is being left behind in the streaming world. ITV is too focused on the UK market, there is a world beyong the UK shores, shame the board dont recognise this and act on it.

Hey Rock, is it only now you have realised that? Nige has been peddling the GS conspiracy cr*p for ages, I guess he has to blame someone for ITVs rubbish share price performance.... There were two magpies having a right cackle on a tree outside my window earlier today, maybe they were having a laugh about the ITV share price, are they in collusion with GS too??

I has a great idea for the next series of Line of Duty, a leading city investment banking firm conspire with a load of "bent coppers" to keep the share price of a television network well below its true value for their own personal gain. It can be made by ITV studios and I'm sure the two magpies can have a starring role, Nige can be the guy who goes to AC12 with his complaint about share price manipulation and blows it wide open. Will definitely be a hit!!!

It really is amazing whenever ITV has a down day the market stinks, the market is corrupt, so many dark forces conspiring against ITV, blah, blah, blah....

Change the tune Nige, your moaning is pathetic, worse than a two year old.

Fleccy, when the accrued expenses are paid, the cash balance will decrease and the accrued expenses on the balance sheet will reduce by the same amount. There is no impact to debt when they pay the accrued expenses.

I wouldn't expect the cash balance to reduce to 418 m as large companies will manage their accruals and would not reduce accruals to zero, there will always be an accruals amount on the balance sheet. Fees from airfares and ancilliary revenues will keep the cash sufficiently large to meet day to day operating costs.

The other current asset amount probably would probably not result in cash of 447m being created directly. Inventories are most likely fuel and other assets most likely prepayments.

Hope this helps.

Fleccy, you're taking a too simplistic approach interpreting the financial statements, hopefully the following will help:

1) Not all items that go thru the p&l are cash items, non cash items e.g. depreciation do not result in amounts leaving the bank account

2) To interpret the cash flow statement you need to look at all line items on the balance sheet, rule of thumb, increase in liabilities has a positive effect on cash, decrease negative; increase in assets has negative effect on cash, decrease positive

3) You correctly identified the large increase in accrued expenses of 788m, these are unpaid and will have to be paid in the future, this had a positive effect on cash

4) They also raised net 284m cash in financing activities (debt raised less paying down debt) which increases the cash balance

5) You can sleep easy they haven't inflated the cash balance, the figures are scrutinised and reviewed before being released to the market

Hope this helps.

It's coming home, it 's coming, the bid is coming home
Three pounds a share is the offer
Dame Carolyn is grinning
No more years of losses
No more years of dreaming......

(Credit to Baddiel & Skinner)

Solley, if you think that somebody posting on this board is going to influence the share price then you need help.

Nige, your incessant ramping of ITV is getting a bit desperate now, if the cat had kittens you'd try to link it to some expected rise in the ITV share price. The best thing you can do is bring up the ITV share price chart on google, take a big deep breath and exhale as hard as you can because that's the only chance you have of getting this back to 200p to cover your losses.

P.s. dream on about the legendary bid...!!!

Have to say I would think buying Ch4 would be a waste of money and a terrible decision. TV advertising income is shrinking, need to look at streaming side of the business, terrestrial tv is not what it was 20/30 years ago, ITV needs to move with the times.

Pete, I think it will be just the 7p dividend in August, any announcement on specials/buybacks to be later in the year or with annual results in Q1 2022.

@Cooking, back in the mid 2000's when BIRG was making eur1.5 - 2 bn annual profits the price used to rise on results day, I miss those days.

Loss before tax of eur750 million, no dividend, share price will probably rise.

@Johnace, all markets down on Friday, no big surprise that BAE was down too.

Nice try though trying to take credit with your post, I do think you're way off the mark with your thinking.

Loss before tax of eur750 million, no dividend, share price will probably rise.

Playingcards' alter ego Silverhorse asked him if he had got a "brain transplant" after his post at 13.49 earlier today, alas not, no fear of that, up to his old tricks again...

@odonoghue7, you called it correct, "more plagarism", he just copied an article off rte.ie and rearranged it slightly, link below

https://www.rte.ie/news/business/2021/0226/1199565-sterling-movements/

What a clown!