Itv Share Discussion Threads

[hades1] 07/4/2021 17:02

At current price of 124p ish it's not going to be more than 165-170p without competition.Happy to be wrong but IMO unlikely.We need a competition similar to the Sky sale.

[nige co] 07/4/2021 16:53

Not forgetting Ivan that LG have reduced their average price down to below 100p. So if they were to make a bid of say 185p, that would only be on the remaining 90.1% ITV shares.

[hades1] 07/4/2021 12:19

Ivan
Makes sense 165-170p
About the right price without a competitive bid.
Certainly looks like GS have been controlling the price movement for the past few days.
Originally thought Viacom(actually owner of C5 in UK) was still causing upset but it's significantly up today in NY!

[ivanborsky] 07/4/2021 12:17

Hades, the VWAP for the last month is approx £1.24. There are just over 4.025bn shares in issue for ITV and the two multiplied together works out at.........£5bn ! I'm only hypothesising here but it could well be that that's the price which will be used to work out a decent bid premium for the stock so as not to attract any potential counter bids. 50% premium on todays price of £1.235 works out to £1.85, which coincidentally is the same price of Liberty's first buy of 6.4% of ITV back in July 2015.

[hades1] 07/4/2021 11:58

marksp2011
Thanks useful to know.
Not entirely sure why they would want it to stop here?
LG/GS no longer short and LG(their client) are now long.
Read their effective 'neutral' brokers note yesterday but not sure that explains their actions either unless they are looking to accumulate for themselves at this point?

[ivanborsky] 07/4/2021 11:32

Exactly that. GS have previous as we all know but it seems to me that they may be steeping up a gear here, they published a media research note yesterday bullish on the sector with the exception of ITV, citing that the company has outperformed in the last six months. Maybe what they should have written was 'we at GS have now stopped shorting ITV and are on the long side of a trade now!', that would have been far more appropriate ! GS also have previous most notably during the school holidays, remember all those huge uncrossing trades last Summer ? Will history repeat itself during these holidays, when no-one is watching ?

[marksp2011] 07/4/2021 11:12

Hades

That is a GS play

I have seen them do that countless times. It can also work well in the auction but it does send a "Stop Here" message

[hades1] 07/4/2021 10:33

Strange someone has put a 513091 order on the sell side at 126p? - L2
Very odd - Someone wanting to prevent it spiking up or just wants to disguise the book?

[gozo] 06/4/2021 20:54

Exactly.....that's why I do the opposite to what they say they are doing....you tend to be on the right side of the fence then

[bobdiamond1] 06/4/2021 18:15

Goldman Sachs aren't known for their dynamic share recs, they are interested only in Goldman Sachs.

A company steeped in greed and corruption, awful bunch of parasites.

[gozo] 06/4/2021 15:06

I actually take a change of stance from buy to neutral or buy to sell as my own buy signal lol. It's worked today....so far!

[poikka] 06/4/2021 14:55

Most of brokers targets don't often make sense :)

[sharebuddy1] 06/4/2021 11:38

Is that crazy? You cut itv from buy to neutral BUT increase the target price from 118p to 135p. Doesn’t seem to make sense.

[nige co] 06/4/2021 10:47

GOLDMAN CUTS ITV TO 'NEUTRAL' ('BUY') - TARGET 135 (118) PENCE

[poikka] 06/4/2021 10:33

A broker has reduced its opinion to Hold from Buy with a 135p target.

[nige co] 06/4/2021 10:22

Disappointing start today considering the ADR's went up 2.48% yesterday. ITV currently up 0.25% or 0.30p @ 122.10p.

[poikka] 05/4/2021 16:53

I'd add that, if ITV reckon that a bid's on the horizon, they might start talking about hefty divis.

[poikka] 05/4/2021 16:44

"a big player won't worry about offering 250p/300p a share on a paper deal"

Why on earth would any 'big player' want to offer over twice the present sp, unless, of course, they waited until the share price was a damn sight higher before bidding.

Atm, 160-170p would get it- a 30% hike on its present sp, and roughly where it was 3 years ago.

I'd love to be offered 250/300, but can't see that.

As of now, I'm here because I reckon it's got a bit further to go on fundamentals, say 150p within 6 months; so, assuming I'm about right on that, anyone bidding had better get their skates on.

[nige co] 05/4/2021 10:17

With Sky being turned down previously for ITV I would agree. I never considered Sky as a potential partner. My money would still be on Liberty Global who have recently recalled their 9.9% shareholding and now have a far lower average price thanks to Goldman Sachs working their manipulation magic. I don't see a problem also with Netflix or Disney.

[stansmith3] 05/4/2021 09:56

obviously sky wouldnt be allowed to buy itv, so there is your first brush with regulation...

[nige co] 05/4/2021 09:51

Marksp, I respect your comments but why would there be regulatory issues with an ITV takeover? I also like your comment regarding splitting up ITV to release value.