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ITV Results

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idpickering
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ITV Results

#204152

Postby idpickering » February 27th, 2019, 7:35 am

2018: Resilient in an uncertain economic environment

o Total external revenue up 3% at £3,211 million (2017: £3,130 million), with total non-advertising revenues up 5% at £1,971 million (2017: £1,874 million)

o Total ITV Studios revenue up 6% at £1,670 million (2017: £1,579 million), with 4% growth in organic revenue at constant currency

o ITV total advertising revenue up 1%, with 36% growth in Online more than offsetting the decline in spot advertising

o ITV Studios adjusted EBITA up 5% at £255m (2017: £243 million)

o Broadcast & Online adjusted EBITA down 7% at £555 million (2017: £599 million), due to increased programming spend

o Adjusted EBITA down 4% at £810 million (2017: £842 million)

o Adjusted EPS down 4% at 15.4p (2017: 16.0p)

o Statutory EBITA down 3% at £785 million (2017: £810 million)

o Statutory EPS up 15% at 11.7p (2017: 10.2p)



https://www.investegate.co.uk/itv-plc-- ... 00052067R/

Raptor
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Re: ITV Results

#204160

Postby Raptor » February 27th, 2019, 7:59 am

Dividend news from same announcement:-

Reflecting the strong cash flows and the Board's confidence in the business, it has proposed a full year dividend of 8p, up 3%, in line with our stated policy


We will maintain a robust balance sheet and deliver on our full year dividend commitment of at least 8p per share


Raptor.

idpickering
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Re: ITV Results

#204169

Postby idpickering » February 27th, 2019, 8:28 am

Raptor wrote:Dividend news from same announcement:-

Reflecting the strong cash flows and the Board's confidence in the business, it has proposed a full year dividend of 8p, up 3%, in line with our stated policy


We will maintain a robust balance sheet and deliver on our full year dividend commitment of at least 8p per share


Raptor.


Thanks for that Raptor. After 35 mins of wading through reports I was losing the will to live. Lol

Ian.

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Re: ITV Results

#204170

Postby monabri » February 27th, 2019, 8:29 am

"The final dividend will be paid on 23 May 2019. The ex-dividend date is 11 April 2019. The record date is 12 April 2019."

5.4p final dividend ( interim was 2.6p making 8.0p total).

( isn't that 2.56 % increase rather than 3%? )

Trend in divis - decreasing!

Code: Select all

Year End | Interim | Final | Special | Total* | Growth
12/2018  | 2.60p   | 5.40p |       - | 8.00p  |  2.56%
12/2017  | 2.52p   | 5.28p |       - | 7.80p  |  8.33%
12/2016  | 2.40p   | 4.80p | 5.00p   | 7.20p  | 20.00%
12/2015  | 1.90p   | 4.10p | 10.00p  | 6.00p  | 27.66%
12/2014  | 1.40p   | 3.30p | 6.25p   | 4.70p  | 34.29%
12/2013  | 1.10p   | 2.40p | 4.00p   | 3.50p  | 34.62%
12/2012  | 0.80p   | 1.80p | 4.00p   | 2.60p  | 62.50%

monabri
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Re: ITV Results

#204184

Postby monabri » February 27th, 2019, 9:09 am

(Correction...growth rate in dividends is decreasing).

idpickering
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Re: ITV Results

#204195

Postby idpickering » February 27th, 2019, 9:36 am

Thanks for your input monabri. My account is set up to buy some more ITV next month in order to get in before the ex dividend date. I concede that they’re not my best performer in capital gains terms, but it’s the income we’re after anyway.

Ian.

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Re: ITV Results

#204215

Postby Gengulphus » February 27th, 2019, 10:20 am

I've posted about one particular snippet from these results (the company's intentions for BritBox) on the Company News thread, as I think it isn't very HYP-related and deserves to be discussed outside the confines of HYP Practical:

viewtopic.php?f=94&t=16476&p=204213#p204213

Gengulphus

idpickering
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Re: ITV Results

#204218

Postby idpickering » February 27th, 2019, 10:24 am

Gengulphus wrote:I've posted about one particular snippet from these results (the company's intentions for BritBox) on the Company News thread, as I think it isn't very HYP-related and deserves to be discussed outside the confines of HYP Practical:

viewtopic.php?f=94&t=16476&p=204213#p204213

Gengulphus


Thank you for this Gengulphus, I'll have a look. Thanks also for your help on the reports today. Time constraints and all that. ITV are down nearly 5% if anyone is tempted to dip their toes.

Ian.

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Re: ITV Results

#204446

Postby GoldRush » February 27th, 2019, 10:59 pm

It's well worth digging into the accounts to understand the size of the pension fund before buying. Otherwise would look a good buy and a possible takeover target at the current price. Similar with STV.

monabri
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Re: ITV Results

#204448

Postby monabri » February 27th, 2019, 11:25 pm

ITV

Pension fund deficit ( assets/ liabilities) is ok...97% funded (Gap is £121m)...year end 31/12/2017.

Divis are ~ £500m per year. Pension funding is just over £90m per year.

All figures from JLT Benefits report (worth a peruse)

THE FTSE 100 AND THEIR PENSION DISCLOSURES
January 2019


https://www.jltemployeebenefits.com/our ... se-reports


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