Itv Share Discussion Threads

[exlogiclad] 09/4/2021 10:21

Essentially L2 showing a large overhang and discouraging a price rise to that level.

BOIX...I think I know what I am doing, it has worked for the last 20 plus years.

I understand your point of view, I just don't agree with it. I have read many comments on this thread from those who believe Goldman Sachs are involved in some sort of subversive operation with ITV shares and I don't believe they are.

If anyone really believes that Goldman are part of a conspiracy to control the shares in what to them is a penny share operation, they really need to get a grip.

[hades1] 09/4/2021 09:05

Not convinced you will get it but worth a try.
Looks like another very low volume day treading water.
Sorry Nige.

[ivanborsky] 09/4/2021 08:03

Its tree-shake Friday and as its school holidays I'm expecting a bit of action from GS and their chums. Just left a couple of buy orders for the day at £1.20 and £1.19 if they will like to oblige at some point today !

[middlesboroughfc] 09/4/2021 08:01

Should head to 135p imho

[hades1] 09/4/2021 07:55

Repeat 850k offered in one trade in the auction sell side at 126p

Post auction - repeat of 513+k on 126p
Total of 809371 parked at 126p on sell side.

[boix] 08/4/2021 22:16

Yep - off book trades.
Not sure exlogiclad understands how DMA trades are executed and why the undisguised huge offer on the ITV (full SETS) trading book was so unusual.
Essentially L2 showing a large overhang and discouraging a price rise to that level.
Just a bit odd for a trader?
Oh well.

[bobdiamond1] 08/4/2021 21:10

100k to a million 'fill or kill' orders buy or sell are commonplace. They don't show up on the boards and are often filled after hours.

[boix] 08/4/2021 20:32

I get that Hades but sounds like exlogiclad does things differently.

[hades1] 08/4/2021 20:10

Interesting.
I use my broker’s DMA and often trade over a million shares but they are never just visibly offered on the book as one chunk.
My broker uses a bot (software) and the trades in hundreds (sometimes 1000s) of small chunks until the required quantity is reached at my designated overall price. This is traded within the book and so it’s best not to disclose too much and so drive the price against youself - no point flagging your intent.
Sometimes it takes days but if it’s urgent you can trade it as one lump as an ‘Ordinary off book’ trade but that’s usually at an inferior negotiated price.
Clearly there always needs to be sufficient liquidity.

[exlogiclad] 08/4/2021 19:58

I assume you have an extremely large trader with full DMA access and all the necessary IT/software to play?

BOIX..you would be wrong, I don't need anything more than I get from my brokers ADM and I can assure you it isn't anywhere near the tools institutions or banks have.

You may find it hard to believe, but there are hundreds of frequent traders making a good return from very short term trades. I have a colleague who trades bank shares, he will take a trade on Lloyds at 42p and buy 500k, today that costs £210k plus stamp and dealing so they would owe him 42.35p per share inc costs, he immediately puts a sell limit order on at 42.85p and more often than not the trade is done with a profit of 500k times .5p or £2,500-00 profit....this he does many times over the course of the month, sometimes for a larger profit sometime for less, but he does it often.

Another guy I know accumulated over 300k shares in Barclays at under a 100p and often put Level2 sell order on for 200k Barclays.

If you can access live trading you will see there are many trades that go through with big numbers. I guess you already know, but if you have a sell order on for 500k shares, you may get 100k of them sold at 11.15am and then another 70k at 11.16am as the computers work them, or the whole 500k may go at once. This stuff isn't rocket science, it's just that the likes of GS can back trades of millions at a time.

My point is, when you see a sell on Level2 of several hundred thousand shares, it is not abnormal and not put there by Goldman Sachs, just a guy who has accumulated enough money to back the trade.

[boix] 08/4/2021 18:38

exlogiclad
I assume you have an extremely large trader with full DMA access and all the necessary IT/software to play? - Similar to an institution.
Still a risky DMA displayed offer on the sell side and not for the average trader surely? - Probably not for the average institution either.
Do you also take part in the LSE closing and opening auctions?
Curious.

[hades1] 08/4/2021 18:03

So did I.Finished flat - job done!

[slater5] 08/4/2021 14:03

exlogiclad....The likes of Goldman Sachs being active in ITV shares is a myth, if they have got an ulterior motive on behalf of a third party, it seems GS haven't heard.

The rubbish that they have been messing with Liberty Global's stake and have now got that stake owing 50% of its cost is ridiculous.

GS may have a lot of sway in markets, but even they cant perform miracles.

In most pundit's opinions, ITV are a mundain pile of odious excrement, if someone wants it, they sure as hell aren't breaking any records to get it.

I am long but I am not holding me breath for a bid.

[ivanborsky] 08/4/2021 10:55

I've just added a few more, just in case of any action today or tomorrow !

[hades1] 08/4/2021 09:41

Understand and share your frustration but I am pretty sure it will be revealed soon enough.
I will let you know if the offer on L2 moves.

[hades1] 08/4/2021 08:33

Nige Co
Yes in theory but in practice No as they have enough fire power and will ensure it does not reach 126p - its an insurance policy.
If it did get there and was sold they would just replace it - could even be part of a larger iceberg order.
If they really want to sell that volume at 126p they would not have parked it in full view.
My original thought was that they were accumulating as there is not a similar trade lodged on the buy side but again why put it in full view so I discounted that possibility.
They also increased it to 850k during the volatile opening auction.
IMHO - It's a price controlling mechanism

[ivanborsky] 08/4/2021 08:19

Thanks for the update Hades, GS are up to their tricks again ! Looks like they don't want the stock to go higher than 126p, same as yesterday. Question now is why not ??

[netcurtains] 08/4/2021 08:19

It seems a logical conclusion

[nige co] 08/4/2021 08:13

Am I right in thinking that once this large sell is executed the share price should rise?

[hades1] 08/4/2021 08:10

Now reduced to 513091 as yesterday.

[hades1] 08/4/2021 07:52

This morning 850k trade has been parked on the sell side L2 book at 126p.
Repeat of yesterday but bigger.

[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.