Itv Share Discussion Threads

[bigegoadvfn] 14/5/2024 19:28

You’ve got me dreaming about bid premiums now… what is the average in UK market?

“ Bids for UK companies averaged a 51% premium on firms' share prices in 2023 as buyers sought out undervalued stocks, according to AJ Bell analysts. This represents a jump from average premium prices paid during takeovers of 37% in 2022 and 43% in 2021. “



(And before anyone complains - I know it may never happen!)

[bigegoadvfn] 14/5/2024 19:11

goldfinger - if you’re right I’ll buy you dinner at the Ritz.

[goldfinger16] 14/5/2024 18:53

My contact tells me he has heard they are working overtime on getting this in the bag, some wrinkles ironed out and worries even a bid above 155p will just attract others just like happened with SKY. Bring it on baby!!!

Some small daytraders are having a feast, keep alert on the volumes. You may be able to get these at much lower in the morning but the market knows it will take off at any time!

Stay long and your patience will be rewarded.

[bigegoadvfn] 14/5/2024 18:44

Good observation - could be.

[huckers] 14/5/2024 18:11

I am going to assume no buybacks again. Is the underlying reason to do with the director sells? I.e. the company couldn’t be seen to be using the buybacks to aid in lifting the share price leading up to those sells.

Just a thought!

[jonnybig] 14/5/2024 17:34

The directors have got me 40% profit SO FAR so they do what they want!

spud

[bigegoadvfn] 14/5/2024 17:33

I don't want to get too excited (and get stamped on by you lot!) but do you remember the chart I posted this very morning around 8am?


BigEgoADVFN14 May '24 - 08:09 - 7505 of 7519
Long term (7 year weekly) ITV chart showing quadruple bottom support and sloping resistance - is ITV ready for a breakout finally?




Well ... todays near 3% rise has done this right at the edge of my long term chart! :)




We may look back and realise today was a very significant move...

It's either going to breakout of this 7 year slide, or dump back to 60p resistance - you decide!!!

[bigegoadvfn] 14/5/2024 17:22

cyberian - "Did I read that correctly but FOUR senior role management took all their 2021 options and sold the lot at 77.4p whereas two others sold enough to cover their tax etc, and keep the balance."

Disagree slightly, 3 not 4.

From 6 managers I make it 3 full sales and 3 partial retentions with a combined nominal value of £548k

Magnus Brooke
Acquisition of shares on vesting of award
115,608
Sale of shares, including to cover income tax and NIC liability
115,608
Retained
0

Julian Bellamy
Acquisition of shares on vesting of award
432,786
Sale of shares to satisfy income tax and NIC liability
203,920
Retained
228,866 (nominal £177k at 77.4p)

Kevin Lygo
Acquisition of shares on vesting of award
629,505
Sale of shares to satisfy income tax and NIC liability
296,609
Retained
332,896 (nominal £257k at 77.4p)

Kyla Mullins
Acquisition of shares on vesting of award
280,181
Sale of shares to satisfy income tax and NIC liability
132,016
Retained
148,165 (nominal £114k at 77.4p)

David Osborn
Acquisition of shares on vesting of award
236,067
Sale of shares, including to cover income tax and NIC liability
236,067
Retained
0

Kelly Williams
Acquisition of shares on vesting of award
322,623
Sale of shares, including to cover income tax and NIC liability
322,623
Retained
0

[matthewr1] 14/5/2024 16:22

Cyberian it does look that way , however without knowing individual circumstances (like how many shares they’ve already got , are they getting divorced , are they moving house ), I wouldn’t read too much into it , apart from it’s a pretty good indicator that there are no bid talks whatsoever…

[smurfy2001] 14/5/2024 16:06

If they sold the treasury shares at a profit later on, might become debt free!

[cyberian] 14/5/2024 15:53

Did I read that correctly but FOUR senior role management took all their 2021 options and sold the lot at 77.4p whereas two others sold enough to cover their tax etc, and keep the balance.

[matthewr1] 14/5/2024 15:48

Royston , an interesting post and thanks for clarifying your position. The most likely reason for the post close print (executed earlier) is that it was on behalf of a hedge fund. They will execute through a broker , telling them to keep the ticket open or ongoing at an unlikely limit (so as to avoid printing it out and thereby giving the market knowledge that a buyer/seller has completed). The trade is then booked out by their prime broker after the close. (Every hedge fund has at least one prime broker who manages their account for things like settlements etc). It’s the main reason so many large trades get booked after the close. They give the impression of being dodgy to those not in the market , but are actually normal modus operandi really.

[netcurtains] 14/5/2024 14:53

As the shares are not cancelled - they are held in treasury,
they are now worth significantly more than ITV paid for them....

Does this count as profit?

[institutional investments] 14/5/2024 14:53

Roy, they were able to manipulate currency exchange with 24 hour flows of trillions, with a quick email to each other at lunch time

Even the biggest stock caps out there, are small money. Easy play

[institutional investments] 14/5/2024 14:52

matched trades. Illegal but common

[royston6] 14/5/2024 14:51

Matthewr...your post on Slater's thread! a very long essay pointing out your belief that a share cannot be the subject of manipulation. Also, I have not said that ITV is being manipulated, just that yesterday's trade pattern was not normal. A huge trade done at 2pm or near was recorded after the bell recording the actual time and it didn't tally and according to my colleagues is odd and unusual. The trade was stuck at a time when the share price was 76.80p but was recorded after the bell at 77.80p...as it was for millions and it was a buy, where was it for two hours, in cyberspace?

There are several ways of manipulating share prices in the market. Deflating the price of a security can be achieved by placing a significantly large amount of small order at a price that is lower than the current market price of that share.

One of the ways of inflating the price of a security is by placing an equal number of buy and sell orders for the same security simultaneously, but by using different brokers. Thus, the orders cancel each other out.

As you have spent years working in the City, I will bow to your experience. But I would add that one of my colleagues works for a well known fund and he tells me that it is easy to manipulate the markets, it happens all the time!

[royston6] 14/5/2024 14:44

Matthewr...a long essay pointing out your belief that a share can not be the subject of manipulation. Also, I have not said that ITV is being manipulated, just that yesterday's trade pattern was not normal. A huge trade done at 2pm or near was recorded after the bell redording the actual time and it didn't tally and according to my colleagues is odd and unusual.

There are several ways of manipulating share prices in the market. Deflating the price of a security can be achieved by placing a significantly large amount of small order at a price that is lower than the current market price of that share.

One of the ways of inflating the price of a security is by placing an equal number of buy and sell orders for the same security simultaneously, but by using different brokers. Thus, the orders cancel each other out.

As you have spent years working in the City, I will bow to your experience. But I would add that one of my colleagues works for a well known fund and he tells me that it is easy to manipulate the markets, it happens all the time!

[netcurtains] 14/5/2024 14:35

Yep the buybacks are good value... Not only do they save the dividend payments, but because the shares still exist now at a HIGHER price than they paid for them, they are making a profit out of buying them (like any of us mug punters too).

[huckers] 14/5/2024 14:27

Buybacks and debt were mentioned a while ago.

From the Q1 Trading Statement we were told ITV had £272m of net debt. This, I would guess, is flattered by the cash from the sale of their share of BritBox (largely earmarked for buybacks) sitting on the balance sheet at that point in time.

ITV has a 600m Eurobond due in September 2026 at a coupon of a mere 1.375%. And nothing else.

So, buybacks are the best use of cash at this point as they retire a 5p dividend (a yield of around 6.3% at the current SP).

[institutional investments] 14/5/2024 14:21

For now, take out 79.9, and momentum as always, is first call

[institutional investments] 14/5/2024 14:20

Anyway, il come back and read reasonings later. Work to do

[institutional investments] 14/5/2024 14:19

its 12 month forward yield is forecasted at about 6.1%

but looking at fund money flows on sector breakdown, plus the higher yields of those sectors, they just seem a safer bet for whenever the inflows drop off on equity

[institutional investments] 14/5/2024 14:18

Its credit default swap market is wondering too

[institutional investments] 14/5/2024 14:16

Personally i hope it hits 200p for you guys, but the more i start to drill down share price based upon past financials v forwards, EPS's etc, the more im wondering