Itv Share Discussion Threads

[jimbull] 26/9/2020 15:43

As an aside, why would they shift these shares to a third party/real buyer for a loss????

GetKo..If you know how GS hedge, you wouldn't make that statement.

Goldman use many different formulas on the positions they hold. Fairly simple, they may lose on a CALL and gain more on the PUT in a straddle at close, they may have enough to close either and hold either the CALL or PUT long or short. If they move the position to a third party they make a few million on the trade and they do these trades every day.

So instead of trying to ridicule my post, try and understand that GS are a million light years ahead of where a small time punter such as yourself will ever be.

The late Jim Slater of the Zulu Principle once said, Goldman's right hand never knows what it's right hand is doing, in other words Goldman Sachs are an enigma that even a market guru the likes of Jim Slater could never understand.

[nige co] 26/9/2020 09:44

Good post Alex. Further to add....

EDITED.....Liberty Global's ITV share transactions.....

July 17 2014 LG purchased 6.4% from Sky. 259.8 million shares, cost £481M 6.4% @185p.
July 31 2015 LG purchased 3.5%. 138.7 million shares, Cost nothing after hedging against existing equity position.

Total shareholding 398.5M shares 9.9%. Cost £481M. Average price per share 120p.

[netcurtains] 26/9/2020 08:02

Does anyone know if "Spitting Image" is being promoted in the USA? I'm thinking it could pull in a huge crowd in the US if it does a controversial royal family or trump story.

[alex1621] 26/9/2020 07:53

Bear in mind 10% of the Goldman "holding" is Liberty Global's stake, and their own holdings are mostly derivative products like options and contracts for difference. I'm not sufficiently schooled in finance to understand exactly how this is structured, but it is clearly not a regular investment of the type you'd see with a fund manager. Liberty took out a loan (ITV Loan) to fund its ITV stake, and entered into a put/call option Collar arrangement with, I believe, Goldman Sachs. The Liberty shares being put up as collateral. The ITV collar is designed to protect the downside, ie any fall in the share price, but provides limited upside. So Liberty would not profit greatly if ITV's share price soared much higher than the original cost price. Goldman are free to loan out Liberty's shares or short them themselves. I suspect that they have been churning them for a profit ever since this arrangement began. Sell them, buy them back cheaper. Repeat. So movements shown in the RNS don't tell the whole story. A fractional change between two RNS updates could disguise huge volumes of selling and buy backs. The RNS tells you very little.So we can only guess what's going on. Despite a fairly low % short interest report, we could find that over the last few years ITV has been one of the heaviest shorted shares in the market?

[hamhamham1] 25/9/2020 15:22

Investors buying all the shiny objects, the ones which are usually not profitable, but have potential, true some may be winners but a lot won't.
Ones like BT, ITV, CNA, etc will come back into fashion at some point, we just gotta be patient :)

[jimbull] 25/9/2020 13:57

I don't think that Goldman would be the people to bid for ITV, they act for others and to see them moving ITV shares, means that those shares have been transferred to maybe the real buyer or another party.

I have spent years in wonderment trying to figure out Goldman's mysterious ways of acquiring shares, and even now, I couldn't hazard a guess to what they are doing.

[stansmith3] 25/9/2020 10:55

loli sold cna at 46 think i bought at 5239 is certainly interesting

[hamhamham1] 25/9/2020 10:27

Yes, and now I got the set :)
Heading into winter now, so sales should go up with everyone at home

[stansmith3] 25/9/2020 09:38

hamsame argument was made at 50, but they have drifted down since saledo wonder what the problem is, would have thought bt, cna, itvs exposure to recession wasnt as bad, say, as the banks....but they have all fallen similarly

[hamhamham1] 25/9/2020 09:11

investors.co.uk/companies/news/929927/centrica-shares-trading-in-deep-value-territory-says-jpmorgan-929927.html

Remove space between proactive and investors

[hamhamham1] 25/9/2020 08:56

I'm here until the men in the white coats take me away ;)

[netcurtains] 25/9/2020 08:46

I'm here for the 70p the £1.20 and the £2

[srpactive] 25/9/2020 08:24

a1

You sound as old as me I have been trading since 1986, although
very young then.

I too bought under 59p, but I am investing more for a return to 70p
very soon and over 100p in time, with a little trade here and there.

My target is actually back to 200p plus.

dyor

active

[hamhamham1] 25/9/2020 08:20

Bought a few centrica at 39p today after the JP Morgan report.

[stansmith3] 24/9/2020 18:48

also good to see that ive got under your skin

[amaretto1] 24/9/2020 18:15

He's in another argument on PMO thread

[amaretto1] 24/9/2020 18:14

I sold at 65-66 last week Friday !! Even better Bought back in 58-58.5

[scepticalinvestor] 24/9/2020 17:32

nice hindsight trading there grandad.