Itv Share Discussion Threads

[nige co] 16/7/2021 09:41

Ivan, 110p before H1 results on 28th July. I hope I'm proved wrong, but the way the share price is acting, now down today when the FTSE is up 30pts doesn't give me confidence.

[hades1] 16/7/2021 09:40

Price predictions?
Not sure what you are referring to?
I do have hopes of a higher price every day but I know you celebrate the price dropping so you can buy more? - never really understood that one.
L2/3 been weak so far but it's early.
I hope it rises back above 124p but ...............................?

[ivanborsky] 16/7/2021 09:29

Are you going to give us another one of your price predictions, third time lucky perhaps ? :)

[hades1] 16/7/2021 09:06

FTSE up 0.35% but ITV not recovering - down 0.35 points
L2/3 very weak. 780k:1150k
Let's hope it picks up later.

[nige co] 15/7/2021 10:50

Here we go again, the down trend continues, I think that we could be down to 110p by the time we get to the H1 results on 28th July, hope I'm wrong. Disappointing to say the least.

[boozey] 15/7/2021 10:31

Amazing update from STVG today, let's hope ITV's will be half as good when it comes. I hold both.

[nige co] 15/7/2021 10:12

Time will tell. I do believe that someone will takeover ITV, I just don't know when. It could be argued why didn't they bid when the share price was on its knees at 50p? Too much uncertainty perhaps.

[ivanborsky] 15/7/2021 07:00

In the Daily Mail this morning :-Pandemic predators a threat to 200 UK firms: Household names like M&S, Sainsbury's and ITV could be targeted by end of year....

More than 200 companies listed on the UK stock market are vulnerable to predators as private equity scours Britain for takeover deals, according to City analysts.

In a 60-page report, broking firm Canaccord Genuity warned that a string of households names including Marks & Spencer, Sainsbury's, Vodafone and ITV could become bid targets before the end of the year.

The fresh analysis comes as private equity giants swoop on financially sound companies whose value has been depressed by the coronavirus crisis, in an attempt to buy them on the cheap.

So far this year buyout firms have spent £23.3bn buying 113 British companies - the fastest pace of deal making since 2007

The feeding frenzy has been described as 'pandemic plundering'.

Firms that have been targeted since Covid-19 struck include supermarkets Asda and Morrisons, security firm G4S and the AA.

In the report, Canaccord said that the second half of this year was likely to be 'just as frenzied' as the first, as share prices are still 'depressed'.

Data shows UK stock market valuations remain weak compared to their European and US rivals despite Britain's rapid coronavirus vaccination programme.

Canaccord analyst Graham Simpson said: 'The deals are getting bigger and bolder.


Canaccord identifies more than 200 companies that could become takeover targets.

Within this, it highlighted 65 'top picks' which it described as 'low-hanging fruit' for predators.

The hit list includes Persimmon, Dixons Carphone, Kingfisher, Sainsbury's, Capita, Bloomsbury, ITV, Vodafone and Halfords.

These companies appear particularly attractive to bidders as they would provide 'much-needed growth without having to go through a restructuring or refinancing,' according to Canaccord.

The report went on to add: 'Depressed UK asset prices are now attracting offers, mainly from cash-rich private equity 'barons' riding into town.

'It is unprecedented and shows the true extent of the UK plc undervaluation relative to global peers in our view.

'We believe UK plc valuations continue to be very attractive so we don't expect the current trend to abate.'

In recent weeks there has been a fight-back against the plundering, with politicians on both sides of Parliament urging the Government to step in.

The Daily Mail has highlighted the problem and on Monday a string of Tory MPs as well as Labour's Ed Miliband publicly backed this paper's campaign.

With pressure building, Business Secretary Kwasi Kwarteng will meet Morrisons chief executive David Potts tomorrow to demand that he explain his rationale for backing the £6.3bn bid from a consortium headed by Fortress private equity.

But Simpson, who wrote the Canaccord report, wants to see more shareholders, and in particular City fund managers, stand up to the predators and vote against the deals.

Aerospace components maker Senior recently fended off a takeover, turning down five offers from private equity outfit Lone Star.

And two weeks ago Legal & General Investment Management slated the Fortress bid for Morrisons, saying that the takeover was taking place for all the 'wrong reasons'.

Simpson said the mounting concerns should at the very least result in higher offers, rather than the current spate of low-ball bids.

He said: 'We may see higher initial bids now that institutional investors are starting to push back publicly. That may also prompt private equity firms to increase their initial offers, as low, opportunistic offers can antagonise managements and investors.

'We might also expect management teams to hold out instead of recommending the first offer that comes along.'

I like that last bit myself !!!! :)

[nige co] 14/7/2021 21:50

According to Simplywall.st ITV fair value is 176p.

PE vs Industry: ITV is good value based on its PE Ratio (17.4x) compared to the UK Media industry average (35.6x).

PE vs Market: ITV is good value based on its PE Ratio (17.4x) compared to the UK market (24.5x).

[ivanborsky] 14/7/2021 15:28

Hades, lucky you're not a betting man ! :)

[netcurtains] 14/7/2021 14:50

hades: the mini spike mirrored spike in banks. I guess it was more a general thing.
Both had a fall back afterwards.

[hades1] 14/7/2021 14:40

Looking strong.
Might retake 126p

[stansmith3] 14/7/2021 14:30

maybe the ftse reshuffling is finished;)

[nige co] 14/7/2021 13:40

Looks like ITV have flatlined for the day after a down start, recovered by around 10am on what can only be decscribed as very low volume of shares traded at just over 1 million.

[ivanborsky] 14/7/2021 07:10

This will come as no surprise to some of us on here :- 'Deal-making surge boosts Wall St as Goldman Sachs and JP Morgan rake in bumper profits


By DAILY MAIL CITY & FINANCE REPORTER


Wall Street titans Goldman Sachs and JP Morgan raked in bumper profits between April and June amid a surge in deal-making.

JP Morgan, America’s largest bank which is often seen as a bellwether for the US economy, said profits more than doubled from the same time last year to £8.6billion.

And Goldman’s profits hit £4billion, as its investment banking unit celebrated its second-highest quarter of revenue ever.

Both were boosted by a flurry of companies seeking to snap up rivals and a rush of firms to float on the stock market.'

Having shorted ITV to the tune of £10bn over a period of five years or so whilst ITV was still making handsome profits I may add, it won't surprise me one bit when we hear of some sort of leveraged buyout of ITV. I say leveraged because don't forget these two banks can quite easily ring the doorbell of the FED and ask for unlimited amounts of worthless Dollars and at 0.000000001% interest !!!

[hades1] 13/7/2021 17:44

Daytime rates are priced at less than a third of peak rates for same raw audience numbers (each daytime viewer worth only 33% of a peak viewer) - hope this makes sense?
That’s why ITV were not worried about the GMB recent turmoil - the impact on revenues was nonexistent.

[hades1] 13/7/2021 17:38

It's an event that the US population love to watch - usually they win everything.Never popular in UK except obviously the London games.Usually helps ITV audiences as people try to avoid it.Likely BBC minimise disruption by screening it on BBC2 when possible.Time difference also doesn't help.Used to drive BBC daytime audiences.ITV less interested in daytime as much lower advertising rates.

[stansmith3] 13/7/2021 15:32

apples and oranges perhaps but NBC think this will be their most lucrative ever

[netcurtains] 13/7/2021 15:17

Ivan: That was my view. ITV have not shown the Olympics since 1988 but BBC HAVE TO SHOW THEM.....
So this means ITV stand to take all the viewers and get all the advertising revenue.
Depending on how everything works out - its possible a really bad Olympics will be great for ITV.

[ivanborsky] 13/7/2021 14:24

The Olympics for ITV is largely insignificant as it has been for all previous Olympics as it doesn't offer full scale coverage to viewers. Although there maybe some additional advertising revenue from the likes of JD sports and similar as well as energy drink companies.

[nige co] 13/7/2021 13:55

I don't know regarding advertising Net, but I would think with the Olympics not having any spectators this time because of Covid, I would imagine that this may well hit TV viewing figures with a lack of atmosphere.

[netcurtains] 13/7/2021 13:01

Do Olympic years have a positive, negative or neutral affect on ITV profits?

Gut feeling is there might be some slight advantage to ITV NOT showing the Olympics as they will get the lions share of the viewers (especially if Olympics boring) but still get all the extra advertising revenue associated with sport.

What are your views?

[geckotheglorious] 12/7/2021 18:06

Goldman wrong again!

Finally, Goldman Sachs' model predicts a close call and sees a 58% chance of England winning a major tournament for the first time since 1966.
Their model predicts for the final: England 2—1 Italy (extra-time)
We wholeheartedly support this forecast!