Itv Share Discussion Threads

[babycheeky] 12/11/2020 20:18

dave you showed how short of them you were on CNA.

[babycheeky] 12/11/2020 20:17

You need more brain cells dave for that.

[discodave45] 12/11/2020 20:05

Not had chance to fully digest Q3, but seemed more positive than negative, particularly advertising.Market seemed to like it too.

[davebowler] 12/11/2020 17:22

htTPs://www.theguardian.com/business/2020/nov/12/advertisers-clamour-for-christmas-tv-airtime-boosts-itv-recovery

[netcurtains] 12/11/2020 16:20

BT would do well to merge with ITV - it would then put them on a level playing field with SKY - give them a lot more clout in the market.

[2bluelynn] 12/11/2020 16:16

It's tried three times in last three days to push past 91pence .. just needs to push past it so onwards and upwards

[kulvinder] 12/11/2020 16:16

So it now back to the price it was in June... which way it break - up or down is anyone's guess???

[boix] 12/11/2020 13:55

Yes strange- GS?

[ivanborsky] 12/11/2020 13:04

Yep, market makers are churning all the orders via the order book and have done since 90p.No-one wants to sell. Looks like those 2bn share they're all sitting on has found a home, we'll find out shortly no doubt !!

[sao1] 12/11/2020 12:42

It's (the SP) trying to break away today. But struggling. It's like watching a baby seal trying to raise it heads from the cold Arctic waters but being beaten down by a white polar bear!

[alex1621] 12/11/2020 12:02

I think the next news that will push UK stocks higher is a Brexit agreement. I can't see the UK and EU not delivering on this, it might well be a cliff edge event but I'd expect UK domestic stocks to increase on the news, simply because it clears the fog of uncertainty.

[jacko07] 12/11/2020 11:22

The report is good and has no nasty surprises, it confirms the 20% rise in the run up to the report has been deserved.

I think we will see a move closer to 100p as the City see that ITV have weathered the storm well.

I am well stocked here and looking forward to the return of the dividend.

[nige co] 12/11/2020 11:06

ITV reports much improved ad trends but revenues and production still lagging
Advertising spend is expected to be higher in the final quarter of 2020

ITV PLC (LON:ITV) has reported much-improved advertising trends in the third quarter, but revenues remain down and costs are higher due to the coronavirus (COVID-19) pandemic.

Advertising spend was down 7% in the three months to end-September 2020, compared to the 43% in the second quarter, and boss Carolyn McCall said the final quarter is expected to be up 6% year-on-year.

July spend was down 23%, August up 3%, September down 2% and October down 1% compared to the same periods last year, with September and October boosted in 2019 by the Rugby World Cup.

Total external revenue of £1.86bn was down 16% year on year, with broadcast revenue down 13% at £1.3bn and the production arm ITV Studios down 19% at £0.9bn. This compared to a 17% decline in the first half.

While 85% of Studios productions that were paused as a result of COVID-19 are back in production or have been delivered, McCall said social distancing and lockdown restrictions have added production costs and were making it challenging to bring productions back to full capacity.

The group is, however, on track to deliver the previously announced cost-saving target of £60m in 2020, though only £10mln is permanent.

McCall said the group remained focused on executing her More Than TV strategy to accelerate its digital transformation, including plans to improve the content and user experience of ITV Hub, however with powerful competition from across the Atlantic the difficulty of achieving results was shown in the number of registered users falling slightly during the quarter.

Online viewing fell 6% with no summer Love Island and fewer soap episodes, although total viewing was up 2%.

On the upside, online revenues increased by 2% in the quarter.

ITV shares were little moved at just over 90p on Thursday morning, still down 40% this year.

Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown, said: "With so many eyes due to be glued to the box over the long winter nights, it bodes well for advertising, with the company forecasting ad revenue for the fourth quarter to be up year on year."

She added that the UK's demand for news has continued unabated with the BBC proving a tough competitor, which ate into ITV’s family share of viewing once again.

"For long term growth, attracting new viewers overseas will be essential and the roll out of its joint BBC venture Britbox continues. Although it now has 1.5mln subscribers in the US, it’s still going to be tough competing with the might of Netlix and Amazon, with what some might view as a niche offering of particularly British content."

[ivanborsky] 12/11/2020 10:48

We're nearly at that time of the day when the monkeys at the London office of GS hand over the reins to the organ grinders over there in New York. Could get quite interesting this afternoon !!

[nobilis] 12/11/2020 10:43

closer than yesterday or much closer than last week

[jarega85] 12/11/2020 10:41

Is over 11% close

[nobilis] 12/11/2020 10:39

100p very close

[piedpiper2] 12/11/2020 10:34

Now we have today`s admin out of the way......onwards & upwards

[netcurtains] 12/11/2020 10:33

Nice to see it head into blue. Its clearly a bargain via PE ratio alone.

[alex1621] 12/11/2020 10:29

Also, the net debt position is down 33% compared to the same period last year. I'd expect the dividend to return in 2021.

[stansmith3] 12/11/2020 10:09

seems to me the results didnt make enough of the vaccine news - presumably they were prepared before the news brokebut in very rough numbers, withholding the dividend will offset next years incomeso, short of another lockdown and a return to some kind of normality next year, covid has only cost itv a few hundred million this and possibly nothing next year (no dividend) - a blip in a ten year time period, so starting to look underpriced?

[alex1621] 12/11/2020 09:50

By the look of it Goldman Sachs' position consisted of put and call options, and contracts for difference. I'm no expert on these instruments but I'm guessing there is a counterparty who originally owned the shares? I'd guess on unwinding that counterparty simply continues to retain them. So I'm not sure anyone new bought shares from Goldman. The only RNS that we have seen these past months is Goldman, with no major new buyer. If anyone has a particular expertise on this I'd be happy to hear from them ... from a learning perspective. It's not entirely clear to me how these derivative positions constitute ownership.

[nige co] 12/11/2020 09:28

Have GS given up? they have sold off almost 12% of their 21% since August. The big question is still unanswered.... Who purchased the shares? Keep an eye out for future RNS announcements. Have GS been acquiring shares on behalf of a potential predator with GS manipulating the share price all the way down to 50p? With a little help from Covid. Now with the share price trading around 90p and ITV reporting solid Q3 results today, with expected increase in advertising in Q4, its now or never for a takeover bid IMO. ITV won't stay at half price forever.

[hamhamham1] 12/11/2020 09:20

NB. Investments can go down as well as up :)