Itv Share Discussion Threads

[davius] 08/5/2024 15:48

tlobs, fair enough, I have that issue in VOD. Unfortunately I have a far higher average than the current share price over there, and it's near a low not seen since the 90s! By comparison ITV is holding up well :0)

[tlobs2] 08/5/2024 13:35

I was just pointing out that whilst recent investors have done OK, long term investors have been let down by the Board of Directors.

They have a history of managing to present positive upbeat news in a negative manner!

[davius] 08/5/2024 12:14

tlobs

"The term grasping at straws springs to mind."

I really don't need to. My average is 59.86p after costs, and before the dividend lands (when it will be 56.56p), a 29% gain.

I only bought ITV earlier this year. I'm very happy with the share price performance.

[tlobs2] 08/5/2024 11:35

Davius....

"ITV is pretty much at a 12 month high." The term grasping at straws springs to mind.


Frenchfry...

There can't be many long term holders willing to sell at these current prices.


As for the manipulation, I can only hope that there is a possible deal being negotiated. The basis of that negotiation could well be based on a multiple of that nominal price and I'm guessing that is 70-75p. Whether the target price to get the deal done is 1.5, 2, 2.5 or 3 times that price only time will tell.

The BOD will want to see it as a victory. From a 100p to 150p is hardly going to be seen as inspirational after all the years of decline.

[huckers] 08/5/2024 11:28

The free float on this share is very low. And the volumes reflect that. A change of sentiment triggered by a bullish trading update (driven by evidence of a pick up in advertising) and the BOE lowering or signalling an impending base rate cut could see this rerate upwards sharply. In the meantime, the buyback soaks up the minor selling order flow (there is still an absence of buying order flow though).

[frenchfry] 08/5/2024 11:24

Can’t help but feel that there is some pent-up demand building here with the share price - each time it rises intra-day it gets pulled back briefly before bouncing upwards again. Sooner or later feel the brakes will be released for a decent leg-up.

[bargainsniper] 08/5/2024 10:44

Euro '24 next month

[bargainsniper] 08/5/2024 10:30

To those peopleGo buy Disney, on far richer valuation without any profit or dividend

[davius] 08/5/2024 09:37

Some people are never satisfied, add on the 5p dividend and ITV is pretty much at a 12 month high.

ITV Studios is churning out a vast array of high quality dramas (ok, with the odd dud admittedly), the latest announcement is a new version of the Forsythe Saga, perhaps on the back of the success of Bridgerton.

Plus the 6.9% yield.

And the continuing buyback.

There are worse performers in my portfolio.

[netcurtains] 08/5/2024 09:22

A load of questions would make a good blurb on the back of a finance thriller.. But you would also need a dead body, or missing billions or something...

[huckers] 08/5/2024 09:20

Manipulation? Really? What's the evidence? By who? For what reason? And what is the mechanism? Are there any answers to these questions? I'm guesssing not.

[netcurtains] 08/5/2024 09:14

deramp deramp deramp

ramp ramp ramp

deramp reramp deramp

ramp ramp ramp

music stops - who has won?

[tlobs2] 08/5/2024 09:03

And there was me thinking that netcurtains was in this for a profit.

Turned from being a full on ramper to deramper in just a few weeks. LOL

[kelso29] 08/5/2024 08:54

Yes, the dark side is strong in this one.

[netcurtains] 08/5/2024 08:53

surely update will still be bad news. Low advertising. Losing money on some studio productions and losing audience share etc etc etc...
where will the good news be coming from?

[stansmith1] 08/5/2024 08:41

tlobsmanipulated to what end?

[tlobs2] 08/5/2024 08:37

I expect the manipulation and hold on to a low seventies price will remain. Evil powers are at work here, and have been so for months.

It'll probably blow when I'm away on my holidays next week!

[huckers] 08/5/2024 08:15

A "trading update".

Let's see if the pause in buybacks continues today. I expect it will continue.

[reidy66] 08/5/2024 08:13

What's the update tomorrow ?

[kelso29] 08/5/2024 07:49

Yes, they may have finished doing the buybacks. If tomorrows update is well received by the market and the share price goes over 80p, why carry on with the buybacks? The remaining £200m will save lots of interest.

[huckers] 07/5/2024 18:54

No buy back again?

And low volume in contrast to the activity last Friday.

Edit! Volume has doubled to over 9m. Usually everything has been declared by 6:30pm.

[tlobs2] 07/5/2024 10:06

We could do with McCall and her management team of WOKEes going away for a month or two.

This would then allow the ITV share price to respond to the positivity in the media sector and reflect that in a share price around 120p ;-)

[netcurtains] 07/5/2024 07:52

Two top performers in the FTSE100 are both sort of media companies - (in a very broad way).....

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