Itv Share Discussion Threads

[netcurtains] 10/12/2020 16:32

Brexit:
Its not about sovereignty as we've already given Northern Ireland away for two dozen Birds Eye fish fingers.
Its not about money as bank of England says we'll be loads worse off out of EU.

That means its about keeping the tory party together.

the tory party has two wings: on the one side the Thatcherites who invented the single market etc etc and want to stay in;
and the other side that are a bit nutty.

[reverend bong] 10/12/2020 14:14

Yes, the contingency plans are amusing to read: everything stops dead unless you sign up to exactly the conditions you've been objecting to, ie a fair level playing field.

[alex1621] 10/12/2020 14:12

And blame the economic fall-out on the pandemic. By the look of the EU contingency plans the terms imposed are worse than the deal on the table.

[reverend bong] 10/12/2020 13:23

Alphorn has a point. buying up UK assets cheap would be part of the purpose of the Johnson backers Philip Hammond talked about.

At what point do you trust your conviction that there's going to be bad news, and sell at a loss to avoid a worse one. I've been assuming the UK govt could not be so stupid as to let us crash out. but I've reversed my view. It looks like that's exactly what they're setting up. Johnson can't bear personal responsibility - if there is a deal it will be pretty poor, and it'll be his. If there is none, he can blame the EU.

[alphorn] 10/12/2020 13:19

Afternoon jacko. Do you think that in the event of a no deal that the likes of ITV plus others could get snapped up, perhaps by funds as middle men to be sold onwards? It would be easy for them to lock in the reduced sterling cost by forwards and sort out the deal later?

[jacko07] 10/12/2020 13:13

The EU are playing hardball. We should leave under WTO rather than succumb to their intransigence. Cliff edge and crash out are just terms used by the media, if we walk it will not take long before we are back at the table talking.

There is a deal within reach and it may go right to the edge and over in terms of time.

We cannot weaken now.

[reverend bong] 10/12/2020 13:01

All the hot air is just so that Johnson isn't seen to be the one who walked away, so ultimately he can say (as Raab already did this morning) 'we left no stone unturned' but alas the evil intransigent EU insisted on unacceptable terms. It's all a show, and increasingly I suspect (as many such as Philip Hammond have said) that no deal is what Johnson is being paid to deliver.

[alex1621] 10/12/2020 10:23

Whatever label you put on it the market will react to the increased levels of uncertainty ... we would not be putting Brexit behind us, we'd be creating more difficulties ... and more uncertainty.

[netcurtains] 10/12/2020 10:16

Alex1621: I'm talking about the chance of "cliff edge" happening after all the extra hot air. It seems to me Brexiteers made a big point that "cliff edge" was fear mongering by remainers so one assumes Johnson's PM career would end is shame if the "cliff-edge" actually happened. I suspect he'll cobble together a no-deal-deal of some kind to make it not happen. It might be really near a no deal but not actually a no deal.

[alex1621] 10/12/2020 10:09

I'm referring to market reaction on Monday if it becomes clear that a no deal exit on WTO terms is the end result. If you are holding some cash on the sidelines you might be able to buy lower than today. I don't think it will be fatal to ITV medium to long term. But neither do I believe it is priced in.

[netcurtains] 10/12/2020 09:54

alex1621: There are all sorts of "deals" - I'm sure they can cobble together a no-deal-deal that allows lots of extra trade. I cant see "nothing" being the result of all the extra hot air...

[alex1621] 10/12/2020 09:51

I suspect there will be some UK domestic stock holders taking money off the table, should the Brexit talks come to an end without a deal. And that seems possible. So Monday could be a volatile day, one way or the other.

[nige co] 10/12/2020 08:51

With the RNS on Tuesday from Goldman Sachs reporting that their reduction goes on, now down to 7.78% from 7.94%. Down from over 21% in August. Will the acquirer please step forward...

[ivanborsky] 10/12/2020 08:44

This is getting laughable now, everyone knows that GS are in charge here and there are no sellers of ITV. Got my stock last week thank you GS, have another couple of buys at 97p and 96p GTC. Good luck team.

[nige co] 09/12/2020 17:31

I agree, a good Brexit trade deal would see a good rise maybe 10% rise on the day, let's hope that Boris can pull it off, then I would only see blue skies ahead. A return of the dividend next year, with the summers Euro's football that should give advertising a boost.

[jacko07] 09/12/2020 15:44

Yep, 102p would have seemed cheap as chips last January when it traded close to 160p. This only needs a couple of grains of positive news to see it rise to 110p.

Namely Brexit talks come off with a deal good for us.

[peddlers] 09/12/2020 14:31

Ham - Especially when the share price keeps on going up.
I've been in ITV since the 50s and added along the way.
Tempted to add again.

P

[hamhamham1] 09/12/2020 07:11

Peddlers. Yeah, why make it hard work? Relax more, sleep more, earn more.

[peddlers] 08/12/2020 21:12

Ham - I used to look at the price action in quite some depth.
Back 10 - 15 years ago. I would sell, then buy back in. Sometimes I would win but a lot of the time id miss out due to the stock rising after selling. Now I buy and hold. You make so much more money.

[alex1621] 08/12/2020 20:03

Much worse.

[hamhamham1] 08/12/2020 18:12

Am long term holder, markets go up and down in the short term, I don't have the skills or inclination to trade the ups and downs. I value my sleep too much.

[netcurtains] 08/12/2020 17:36

alex1621: clearly a BAD brexit deal is priced in as the UK FTSE is the cheapest stock market on the planet at present. However what we dont know is how much worse the market thinks a "cliff edge" brexit is compared to a BAD deal brexit....

[alex1621] 08/12/2020 17:13

I don't believe it is priced in, and I'd expect a sharp fall. However, if the forthcoming updates are positive it is likely to recover over the course of 2021. A set-back rather than a fatal blow.