Itv Share Discussion Threads

[netcurtains] 20/3/2021 11:40

I have a deep understanding of the websites and apps. Been in the industry for 40 years (was in the industry even before it started via the database backend).

I knew the tech bubble in the 1990s was way too early hence I ten bagged Arcadia.

Amazon has a distinct yahoo feel about it (the big company of the 1990s).

Sorry, I dont want to make out that you're ignorant in this field, you might be better at it than me, but I do have a lot of experience. Amazon is like "Emperors new clothes".

[stansmith3] 20/3/2021 11:20

well, you have showed that you have no understanding of the world around you

a company from nowhere that has up ended every shopping district in the world in twenty years

what it will do in the next twenty from this point is staggering

and you think it has no intrinsic value and will go bust


waow

[netcurtains] 20/3/2021 11:13

Amazon is all hot air though - it has no real value.
A consumer is literally better off just doing a search on google to get what they
want cheaper and quicker.

Amazon I suspect will go bust within 20 years.

It has no intrinsic net worth.

[netcurtains] 20/3/2021 11:02

Still netflix makes even bigger lose but its merket cap is miles higher than ITV.
So it looks like US investors like numbers rather than profits.
Profits are so last year.

With the new Corbynism within the investment community what counts is " not for the few but for the many"...

[stansmith3] 20/3/2021 10:55

vod subscriptions soaring....so are the losses, 80m so far

[middlesboroughfc] 19/3/2021 08:12

Bid comming

[stansmith3] 19/3/2021 07:14

alexinteresting thanks

[alex1621] 18/3/2021 22:04

It began to tank after the Brexit referendum result, like many other UK domestic stocks, it recovered well and then spiked a little when Goldman and Liberty teamed up, as a consequence of the mistaken belief that a takeover was in the offing. But since that point the share price has been grinding down further and further, with a larger drop as the Covid impact hit markets. But we've since learned that Liberty and Goldman deliberately engineered a large part of that drop in order to reduce the average cost of the Liberty holding. I believe Liberty have done this before, with other companies that it took a stake in. This activity has now stopped, and in my view any positive news is likely to push the share price upwards. Given the UK vaccine roll out and the eventual catch up by the US and Europe, we might well see a mini boom in economic activity ... and it's that which will move the share price further upwards. Again, just an opinion.

[stansmith3] 18/3/2021 17:51

alexi know you have been here like me since the 50s...why do you think it will rise behond pre covid levels?(not a share i followed before covid)

[alex1621] 18/3/2021 16:07

I'll answer. When the sentiment around ITV changes, and we begin to see a resurgence in ad revenue, and restrictions lifted over the operations of studios, I think that 160 is the least it will go to ... I suspect it will go further. It was 240 once, so 160 is hardly a stretch. Bear in mind the Liberty/Goldman arrangement was designed to screw the share price lower and lower, so Liberty could significantly lower the average price of their stake, so in my view the share price went far lower than was justified by the fundamentals. 110-120 would have been a reasonable level in the midst of Covid, and as we move out of Covid a 33% uplift is hardly a stretch. Just an opinion.

[nige co] 17/3/2021 08:17

Thanks Hades.

[nige co] 17/3/2021 08:14

Panos, ITV started 2020 at 151p, Covid was known at this time, yes you're correct that the crash was in February, although ITV dropped 11 weeks out of 12 from the 2/1/2020. So I stand corrected the pre Covid ITV share price was 151p not 160p. Yes indeed my average price is 160p but this has nothing to do with it.

[thewheeliedealer] 16/3/2021 20:45

Hi all,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast last week and part of our discussion includes ITV which Peter C3; holds but it is interesting to hear how he has been in and out of this one and his tortuous route to get where he is now on it !! As always we also chatted about loads of other Stocks and Ideas for research and a fair bit of educational stuff with regards to Investing and Portfolio Management.

Specific topics in this one include the risks of anonymous Twitter Accounts and the devious tricks the ‘owners’ get up to, and we give examples of our own Trades and how we have Scaled in and Scaled out etc.

Anyway, if you use Youtube, Apple, Audioboom, Overcast, Google+ or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 44) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, with the intent being that it is like you are eavesdropping on us having a chat down the local boozer (we can dream !!).

Cheers, WD
@wheeliedealer

[netcurtains] 16/3/2021 20:42

Not sure but I think the FTSE is back to the level it was in 1999

[hades1] 16/3/2021 19:33

Nige
Yes you are right but Mike Fries then immediately clarified after further questioning that at in fact ITV was correctly priced but the 35% takeover premium required would make the price too high!
Clearly means nothing now but I think LG would ultimately pay the price needed to secure ITV especially as now they averaged down the original purchase price of their 9.9%stake.
I also believe that LG could not bid for ITV before the Brexit uncertainty had cleared as they already had too many UK assets exposed an economically vulnerable UK.
So LG were either unable or unwilling to take on any further risk.
In my view nothing could happen before the end of 2020.
But this is all just my opinion.

[stansmith3] 16/3/2021 19:19

maybe, no bid coming...

[panos_berks] 16/3/2021 19:12

Nige you keep touting this mythical price of 1.60 for ITV as the pre-covid price. Interested to understand your benchmark. The highest the ITV share price has been in all of 2019 was 1.56. Pre-Covid on the 19th Feb 2020 when everything crashed the price stood at 1.32.
It's getting all a bit boring hearing this mythical 1.60 that you base all your scenarios on. Could it be that this is your average?

[nige co] 16/3/2021 18:50

If I'm not mistaken didn't Malone say that ITV were too expensive when the ITV share price was around 190p? I guess that he would say that only if he was interested in making a bid.

When the dividend does return this will further strengthen the share price. This makes me think that any potential predator will make a move before watching the share price return to 160p plus.

I'm happy to hold, I do believe that ITV will receive a bid, I just don't know when, this summer would be my guess.

[exlogiclad] 16/3/2021 18:10

It would be a bargain at 200p and Malone knows it. It needs two bidders to get to 250p which I would rather wait for.

With luck, the dividend will be return this year.

[nige co] 16/3/2021 18:01

I agree Exlogiclad, my only concern is Liberty's Malone, he always wants a bargain.

[exlogiclad] 16/3/2021 16:58

Nige..yes I have my own opinion about it. In 2019 Liberty partnered Amazon Prime in a venture that I believe was the first move to take over ITV. Unfortunately Covid put a block on it at the time.

Fast forward to now, Liberty are building up to make that move with Amazon Prime on board.

[nige co] 16/3/2021 15:43

Exlogiclad, do you have an opinion why Liberty Global have recalled their 9.9% shareholding of ITV that they loaned out to Goldman Sachs?