Itv Share Discussion Threads

[hamhamham1] 27/9/2020 15:39

Good watch..

[stansmith3] 27/9/2020 14:26

ThomasEarnshaw....Where do I know that name from...oh thats it the guy who was posting very negatively about ITV from the day he joined Adfvn one month ago...Same on SHINow posting about Goldman buying.....So a seasoned opinionated investor who just found advfn four weeks ago? Or a position poster with a new avatar?

[thomasearnshaw] 27/9/2020 14:05

Goldman buying

[hamhamham1] 27/9/2020 13:57

Yep, covid is number one affecting factor, but Brexit or any interest in the company would also wack up the share price.

[poikka] 27/9/2020 11:12

Might do, Ham, sentiment's a funny old thing, but I'd say that this is influenced more by the virus and its effect on the economy, and then, of course, possible bid action. We'll see.

[hamhamham1] 27/9/2020 10:50

But of Brexit sorted this will go up 30-50%, so very relevant

[poikka] 27/9/2020 10:48

Here we go, what a shame.

[netcurtains] 27/9/2020 09:55

brexit is not politics, its a national mistake. The nation state itself is a product of the 19th century and needs to be binned ASAP.

[poikka] 27/9/2020 09:17

You might like to post that on a political thread, then, Ham, instead of here.

[hamhamham1] 27/9/2020 08:58

I got a feeling this week is good news for Brexit week.
Time will tell, but the pressures on the gov. This is one problem they can solve!

[lasata] 26/9/2020 19:38

When did Mike Fries say that?

[gerardp] 26/9/2020 18:11

Nige Co - your figures are wrong as usual :

The second LG tranche cost nothing - see the original RNS.

CEO Mike Fries stated, “Given ITV's operating and stock price performance, we were able to increase our stake to 9.9% with no incremental investment by hedging our existing equity position. This investment remains an opportunistic one for us in our largest market. ITV is a well-run company with attractive growth potential, and we are pleased to increase our position as their largest shareholder.”

[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.