Updates

ITV

April 2018

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.

New CEO Carolyn McCall’s (ex Easyjet and Guardian) decision not to pay a special dividend caused a fall in the shares but, in truth, results were respectable. Revenues rose 4% to £3.7bn while pretax profit fell 6% to £800m, giving eps of 16p. A dividend of 7.8p was declared.Broadcast & online, which commands 47% of UK TV advertising and 21% share of viewing, delivered a 7% fall in operating profit to £599m on sales down 3% to £2.07bn, reflecting a slow-down in ad spend on retail, finance and food. Given Brexit uncertainty and the squeeze on consumer incomes, that’s hardly surprising but the football World Cup in Russia is in June and should strongly boost Q2 ’18 profits.The smalle ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Coats Group

TMI Trader Portfolio - April '18

ITV (July 2020)

ITV (September 2018)

ITV - Shares on the turn (July 2018)

ITV - Another special dividend (April 2017)

ITV - Another £25m cost savings targeted (September 2016)

ITV - Pays 10p special dividend (May 2016)

ITV - Results beat expectations (September 2015)

ITV - Special dividend and strong prospects for advertising growth lifts shares (April 2015)

ITV - Bid hopes drive up shares (October 2014)

ITV - Acquires Leftfield Entertainment (June 2014)

ITV - Strong franchise in free-to-air commercial TV (November 2013)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

ITV