Itv Share Discussion Threads

[hades1] 08/5/2021 09:40

I think the BT Sport story is a bit of a ‘red herring’.
I believe ITV are only interested in a minority stake which allows them access to ‘free to air’ high viewing/interest games.
These are the only games they could monetise with advertising.
BT only justified the high cost of BT Sport with the need to grow and protect their broadband business - a very different business model.

[netcurtains] 08/5/2021 09:24

Perhaps ITV can only get the funds to takeover BT Sport if it gets a cash injection from somewhere.

[hades1] 08/5/2021 08:41

The costs involved far out weight 0.5 stamp duty.
It makes no financial sense for an institution with access to the LSE.
So it has to be someone else? - But read on.



Look at the volume spike in May vs history on the above chart.
Spikes have happened before but not in recent history and not of similar size.

Not sure we will ever get an explanation although I found this on the the ITV Investor website

“Unsponsored American Depositary Receipt (“ADR”) programmes
ITV plc (“ITV” or the “Company”) has been informed that Morgan Stanley and Citigroup have established unsponsored American Depositary Receipt (“ADR”) programmes in respect of ITV ordinary shares. ITV does not support or encourage the creation of unsponsored ADR programmes in respect of its securities. The Company does not participate in the offer or sale of, nor the solicitation of offers to purchase, the securities issued in connection with these programmes, and is not a party to the ADR deposit agreements in connection with these programmes. ITV hereby disclaims any liability in respect of any unsponsored ADR programmes”

If these purchases are unsponsored ADRs it would IMO add weight to the US predator theory.
It seems to me like a neat way of accumulating a large position without the regulatory requirement to declare it.
Expensive in the short term especially if you don’t eventually make a bid but very neat and could eventually be very cost effective.

Notes that it’s Morgan Stanley and Citigroup that are behind this scheme not Goldman Sachs - That does makes a change.

Clearly much of the above is speculation but the fact is that unauthorised ITV ADRs do exist.

Whatever the truth behind the mysterious recent large ADR trading volumes let’s hope that ITV achieve JP Morgan’s new price target of 170p - with or without a bid!

[nige co] 08/5/2021 08:22

Hades, could the reason be down to stamp duty that would have to be paid in LSE?

[hades1] 07/5/2021 18:23

Why accumulate such a large position on the Nasdaq when buying ADRs is so much more expensive?
US Private Equity?
Difficult to fully explain at the moment.

[nige co] 07/5/2021 16:47

Closed up 0.30p... Flat end to a decent week, up 4.80p on the week.

[ivanborsky] 07/5/2021 15:20

Hi Bob, there are too many plus factors for ITV now to list them all here, have a look at the LSE board, lots of great info and links on there from posters. The only downside I can see from here and it is the only downside is when GS do their last and final tree shake which can't too be too far away now. I have some funds just sitting idle at the moment and will be topping up when they push that Algo button !!

[hades1] 07/5/2021 14:56

Absolutely no volume in UK on ITV today

[bobdiamond1] 07/5/2021 12:06

Ivan..why are so sure that ITV are ready to be bid for, the share price looks the opposite and is way less than it was pre Covid, so where are these bidders.

I may be a bit subdued, but ITV are a dropping stone, I am totally disillusioned with the company, the board and the lack of performance.

[nige co] 07/5/2021 11:46

Follow the volume, follow the takeover. Lol

[ivanborsky] 07/5/2021 11:02

Nice and quiet this morning after a mad and shortened week. All eyes will be on the ADR action again this afternoon, another 365,000 traded last night bringing the 'official' total to 3.81m in only a week !! And to think the average volume before last Friday and the preceding 65 trading days was just 4333 !!!!

[middlesboroughfc] 07/5/2021 09:49

Good lad, 140p

[netcurtains] 07/5/2021 09:48

goldfinger16: Too woke?

I disagree Coronation Street is backbone of ITV its brilliant.
Love Island works well for young people.
The 9pm crime dramas get multi-million audiences.

You're letting your politics get in the way of reality.

[nige co] 06/5/2021 22:24

Closed at $17.92 = 129p.

[hades1] 06/5/2021 19:56

365k or 3.65m UK trades today now at just under $18

[hades1] 06/5/2021 15:59

Here we had high volume this morning then nothing - dead
Tomorrow's another day.

[nige co] 06/5/2021 15:50

10:34 AM EDT 05/06/21 $17.70 USD -0.70 -3.80% DELAYED 15 MINUTES Volume 91,507

[nige co] 06/5/2021 15:45

Volume now changed to 83,507 from 83,361 so maybe we're up and running?

[nige co] 06/5/2021 15:41

uk.investing.com also have the same price. If one's wrong maybe they all are.

[hades1] 06/5/2021 15:34

That's the CNBC data - pretty sure its also wrong.
That's also the ADVFN data - so who knows?
If they are correct the volume has gone?
Let's see what happens after LSE closes.
Nasdaq is the source.
Perplexed

[nige co] 06/5/2021 15:32

$17.71 -0.69 -3.75%

[hades1] 06/5/2021 15:31

Probably trying to work out how they get enough shares to honour yesterday's trading?
LOL

[nige co] 06/5/2021 15:30

The chart now giving todays date with a price of $17.71

[nige co] 06/5/2021 15:26

Could they have suspended trading for the day?