Itv Share Discussion Threads

[matthewr1] 14/5/2024 13:46

The following is an imaginary conversation between myself and Johnnybig and Royston over their comments yesterday.
“Good afternoon gentlemen , I hope you’re well?”
Johhnybig & Royston : “we’re ok , what do you want?”
I want to talk to you about your comments yesterday that the share price is being manipulated (lower) by market makers and that they know a bid is coming and therefore GF is right. (Don’t worry , I won’t mention that he has said a bid is imminent for over two years).
J&R : “ok”
“Let’s start with the naughty MMs and the share price manipulation (you say). In order to do this we need to put to one side the dozens of compliance officers who sit on the trading floor , pouring over and signing off on every trade and position as they have done since 2009.That ok?”
J&R “ye.”
“So let’s say they are doing what you say they are. How do they do that?”
J&R “don’t know , but they are.”
“Ok , well there is only one way to suppress a share price in the face of rising demand (buy interest). And I think we are all in agreement of rising demand post trading update , buyback (albeit not this week) , UK rates to be cut etc.”
J&R “agreed.”;
“Well the only way to do it is to sit on the offer selling or hit the bid selling … ie you have to sell shares to suppress. So what you’re actually saying when you say the MMs are suppressing the shares is to go short.”
J&R “not sure.”
“Well you are. But also you’re saying that they know something , ie that a bid is coming. So first question to you both is why would the informed MMs be short in the face of a bid , wouldn’t they be long?”
J&R “errr.”
“No problem , let’s just keep going that they are managing the shares down and that they know a bid is coming. Let’s now go to the most important bit , the bid. What is the aim of a bid?”
J&R “to take control of the company.”
“Correct. Now , who sells?”
J&R: “people like us.”
“Incorrect really , as retail is so irrelevant. It’s the institutions who control these shares , people like Blackrock , Fidelity etc etc who manage everyone’s pensions. As I have said many times in the last two years , the share price is actually pretty irrelevant, but what is preeminent is the share price that the institutions are prepared to sell at. That , is everything.
J&R “ok”
“Next question. Would Blackrock prefer to sell at 100p or 150p?”
J&R : “150p obviously.”
“Correct. So which is more likely to result in a successful bid, a suppressed ITV at 78p or a true share price of say 100p?”
J&R “well they just want as higher price as they can get”
“Buyers have a fiduciary duty to their shareholders to not overpay in the same way as the Dame can’t sell too cheap. So Apple for example can’t bid 150p when the shares are 78p , but they might and can when it’s 100p.Meaning a bid is more likely to succeed the higher the share price , not the lower.
So to go back to your points from yesterday…. This is what you are actually saying …..that the MMs are holding the shares down and therefore getting short , even though they know there’s a bid coming & even though keep the share price down makes a bid less likely.” I think everyone can see that makes zero sense.

Look , everyone is entitled to their own opinion , I’m just trying to make you better informed with yours.

[institutional investments] 14/5/2024 13:41

i think they figured out 3.8+% today, takes the workload off them and passes it back to market

[rongetsrich] 14/5/2024 12:46

Stansmith, are you Baby Reindeer?

[institutional investments] 14/5/2024 11:57

needs a 3.8% + close today. Would sort out the pondering going on

[institutional investments] 14/5/2024 11:56

Could be dude. needs to be strong today though.

[loginname] 14/5/2024 11:55

Looking strong today now 78.2 which is equivalent to 81.5 before the divi was removed.

[institutional investments] 14/5/2024 11:52

Not much info but the structure is akin to most really. ITV is just your standard low amount but being yield they always have the standard small holding

VOD got good confidence at low price block so was easy buy cheap into financials

Cant just deal on that of course but all tied in with other stuff

Problem with ITV, is not seeing enough fund movements prior to 79.9

of course, they could act now or tomorrow lol

[institutional investments] 14/5/2024 11:43

Or do what the funds will most likely do now. use that cash for fixed income elsewhere

Fixed income is getting some dough so i expect locking in prior to rate cuts they foresee in coming 12 months

In saying that, yield etfs doing well. But the structure of those baskets is weighted by other sectors

[blackhorse23] 14/5/2024 11:41

Suppose close to dividend date it will surge , loads of investors will reinvest dividends money to BUY more shares

[stansmith1] 14/5/2024 11:39

bigegos takeover of hades pleb thread complete.....of course the BIG laugh is who bigego is....too funny for words

[institutional investments] 14/5/2024 11:36

They need to do buyback today kicking her above 79.9, or its gonna get a retrace to x price

[institutional investments] 14/5/2024 11:00

Apologies for mentioning Vod the other day on this thread. my bad

[institutional investments] 14/5/2024 11:00

Not good at the mo. Those king power prices holding firm

[bigegoadvfn] 14/5/2024 10:51

Signpost Entertainment now part of ITV Studios

Ongoing build of production assets...

hxxps://advanced-television.com/2024/05/14/signpost-entertainment-now-part-of-itv-studios/

[american idiot] 14/5/2024 10:01

BigEgoADVFN,

Clearly the fundamentals are improving. The shareprice will move accordingly.

Personally I think the share price will trend higher all year :-)

[2bluelynn] 14/5/2024 09:02

Big ego --Up I hope !!!! --

[netcurtains] 14/5/2024 08:39

First reviews of "Traitors on the beach" are in:

[bigegoadvfn] 14/5/2024 08:09

Long term (7 year weekly) ITV chart showing quadruple bottom support and sloping resistance - is ITV ready for a breakout finally?

[huckers] 14/5/2024 07:14

Declared shorts now 1.83%. Qube short up 0.1% to 0.61%.

[stansmith1] 13/5/2024 23:01

the plebs actually expected the buyback to relentlessly purchase shares every day, regardless of price until the cash is exhausted...wrong on all three counts

[bigegoadvfn] 13/5/2024 22:30

The lack of buybacks is a little strange yes.

I looked through the trade list for today and was pretty sure they had been active - some of the trademark small trades eg for just 10 shares. It’s almost as if the buyback IS happening but not being reported. However we all know that’s not possible as the announcement on 7 March stated:

“ITV will announce any market purchase of Shares no later than 7.30 a.m. on the business day following the calendar day on which the purchase occurred”

So I guess they still have until morning!

[1dirtysteve] 13/5/2024 21:58

No buy backs again today. Very strange.

A shame to have a down day but it’s needed and nothing goes up in a straight line. Just a breather. The trend is most certainly still up and that’s all that matters.

[institutional investments] 13/5/2024 21:44

And every time ITV fell 10%, his house value went up 20

has the midas touch

[institutional investments] 13/5/2024 21:42

I was always impressed by our Jim really

The day he took ownership of two private jets and a 1200 foot yacht was great