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ITV - Another special dividend

April 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ITV
  • Price:
  • 208.5p
The shares have made a strong recovery from post Brexit lows of 155p to 208.5p, helped by the announcement of a 5p special dividend (alongside ordinary 4.8p final), which accompanied its full year results. These showed revenues, pretax profit and eps ahead 3% to £3.1bn, £885m and 17p respectively, a resilient performance considering softer advertising conditions in the run-up and post Referendum.Broadcast & Online (which attracts the largest audience other than the BBC) saw revenues decline 1% to £2,132m with profit down 3%, although within that its high margin Online, Pay & Interactive side grew 23%.ITV Studios, the production business, grew revenues 5% to £1.4bn.Crucially the first four ...

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ITV (July 2020)
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ITV (April 2018)
ITV - Another £25m cost savings targeted (September 2016)
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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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