Itv Share Discussion Threads

[institutional investments] 02/3/2024 13:15

Everyone seems angry. Must think I run ITV

[isis] 02/3/2024 12:58

I think the recent M&A activity might put a few Shorters off the UK market which has been a one way ticket for so long. Also their losses can be unlimited until they close out.
Providing no Global meltdowns we could be in for a good run at last for UK Stocks which are generally agreed to be undervalued. The US is always a bit scary to me though as many stocks are in Bubble territory which has always put me off buying, but up they keep going!
The Div should be held and if figures slightly above even a small increase, doubtful on that though. I had held off buying another 50k waiting for another share to go up to switch and then that happened! I think that caught most by surprise and they must be comfortable with debt obligations to bung the whole lot on share buybacks.
At these levels a Share buyback is very satisfactory. :)

[kelso29] 02/3/2024 12:44

The share price is now up YTD, 0.68p!
I'm expecting the share price to add a few pence over the next 3 days, then break into the 70's on Results day (Thursday).
I'm also expecting a few director buys on Thurs/Fri which should help things.
Anyway, a lot more positive than 2 days ago

[matthewr1] 02/3/2024 10:40

I agree Huckers , but imho absolutely zero chance the dividend gets cut. You don’t announce an earnings accretive exercise in March 1sr to then dilute with a cut 6 days later. Not going to happen. In fact as I mentioned yesterday , although I’m not expecting anything remotely positive in terms of outlook as it just feels too soon , (no IR cuts yet or giveaway budget to spur growth and therefore an advertising recovery), I don’t think they will warn.

[trikytree] 02/3/2024 10:17

Coincidentally the same low as Oct 22 and very similar to March 20 🤔

[huckers] 02/3/2024 07:58

Volume came in at only 31.3m. I expected more!

The 14.3% rise put 322m on the market cap. And, of course, we still have the 235m buyback programme to actually start after full year results. At the closing share price ITV could buy back 9.1% of shares (368m shares).

Declared shorts stands at 1.75% this morning but there may be a lag in reporting. And perhaps there are positions below the 0.5% threshold, too?

The buybacks really ought to drive the share price higher and I would be surprised if many of the shorts do not close out adding 70m+ of volume to the long order flow.

And new longs may decide to start buying.

Hopefully there are some positives that come out of the results as well (and they hold the dividend).

All things considered looks like 55.49p is the low.

[isis] 01/3/2024 23:44

We only use this Thread.

[institutional investments] 01/3/2024 23:42

I wondered how they would try stop the rot circa 56s because crash was coming thereafter

"Distribution in full swing via fund sells now"

[institutional investments] 01/3/2024 23:39

Can buy direct from the funds I guess. Keep them happy too

Absolutely hilarious

[institutional investments] 01/3/2024 23:36

Obviously directors want to exit positions before sacked

Unbelievable

Double tanker

[institutional investments] 01/3/2024 23:33

A share buyback? These guys for real?

[pinemartin9] 01/3/2024 23:14

See my post on other thread

[isis] 01/3/2024 23:00

I think of late with the Bid Wars etc. proves that Hedge Fund Shorters know little more than anyone else about what a Company is upto and often use sheer brute force tactics selling stocks down and buying up for that matter.
Some have very good connections with the press and social media and can carry more weight.

As they say 'Never give a Sucker an even Chance!'

[pinemartin9] 01/3/2024 22:44

I can't see what people's beef is here. This is a great British Company and should be celebrated. Even more so, there's a genuine life changing possibility to make good money here. People buying bitcoin are buying at the top. At some point the house of cards will come tumbling down. I was reckless this week. My mates started talking about how much money they're making on bitcoin. However, remember many of them bought at the last top. The reason the histeriq starts is when buyers start to eventually move to profit. Anyway, I succumbed this week. I went long Argo due to FOMO on Wednesday. Only 100 ppm but I woke up this morning and couldn't sleep. Closed out this morning for 600 loss in 2 days. Mugs game all round.lets not analysie the trade too much...but why did I do it? Point is, this offers value and will do well long term from here IMO. Forget FOMO and BIT, see value and buy...at some point you'll do very well.

[rongetsrich] 01/3/2024 20:01

Has Stan added anything at all?

[rongetsrich] 01/3/2024 20:00

Good day at the office, a punt that paid off!

[tlobs2] 01/3/2024 16:09

It does make me smile when people pin their hopes and investment strategies in ITV predominantly on rumours from goldfinger !

LMAO

The share buy back will put a lot of pressure on the three largest shorters plus the dozens of others under 0.5% that are not listed. For each one that makes the decision to call it a day and start to close their positions momentum and pressure will force the price back up at a rapid rate as the rats start to crawl over each other try to buy what is available.

The other way for the price to raise rapidly is for a bid to come in from a third party who have goldfingers name on a secret mailing list ;-)

[boadicea] 01/3/2024 14:59

smurfy - "If they are not cancelling the shares, then why bother buying back the shares?"

... To save the cost of the dividend! It makes little accounting difference to keep them in Treasury as it still saves the dividend cost. I don't think cancelling them will make any difference to share bonuses etc as there is usually room in the annual allotment authority to cover those effects.

[isis] 01/3/2024 14:24

With every UK stock a potential bid target I would think most Shorters would be wearing Nappies!