Itv Share Discussion Threads

[ivanborsky] 25/8/2021 14:13

And no-one selling ! :)

[matthewr1] 25/8/2021 12:40

I don’t think anything is going on with ITV sadly , apart from Blackrock buying.

[matthewr1] 25/8/2021 12:39

At Goldman , I agree!

[stansmith3] 25/8/2021 11:05

More nonsense from our resident riddler.The market is gamed constantly. If you dont know that by now...Today's wild speculation is that because a French billionaire secretly built stake in BT, the only indication being the share price rose day after day in all kinds of down market days somehow proves the same kind of thing is going on with ITVCould someone tell the share price please.

[ivanborsky] 25/8/2021 10:54

Matthew, I've just been handed the 2021 syllabus for all the new Graduate trainees starting in the investment banking division at GS ;- RULE 1. There are no rules.

[hades1] 25/8/2021 08:44

matthewr1
Thanks for clearing that one up!

[matthewr1] 25/8/2021 08:36

Ivan , your point re lack of filings for the BT stake is valid , but all too common , particularly when it comes to stake building. Most likely imho is that the position was executed via derivatives, where filing rules are ‘greyer.’;

[matthewr1] 25/8/2021 08:34

Blackrock won’t care re FTSE 100 or 250. They are buying as they see deep value most likely.

[hades1] 25/8/2021 08:24

Since I assume Blackrock took this down to build a position will they now let to rise up to 31st to retain their FTSE100 position?

[stansmith3] 25/8/2021 08:18

ivani missed your point?or are you still throwing any mud you can find?no one knows what you theory is anymore as it has competing exclusive branchesyou can clear it up though in half the time it takes to post another riddle

[netcurtains] 25/8/2021 08:11

buywell3: What are the streaming - you haven't said.

[buywell3] 25/8/2021 08:05

Netflix


Streaming

[ivanborsky] 25/8/2021 07:58

So Patrick Drahi 'secretly' snapped up 12.1% in BT, you mean no 3%,4%,5%,6%,7%,8%,9%, 10%,11%,or 12% disclosure to the market in accordance with the Companies Act 1985, section 198 ??? I wonder which bank managed to buy those shares on the quiet on his behalf.......hmmmmmmm !!

[nige co] 25/8/2021 07:44

BT may prove to be toughest call yet

The tests are piling up for the government’s free marketeers: Advent’s £2.6 billion bid for defence outfit Ultra Electronics; Nvidia’s mooted $40 billion takeover of Arm; the £7 billion US ding-dong for Meggitt, the supplier of kit to the F35 and Typhoon fighter jets.

But could there be a trickier test to come: a bid for BT, or at least a break-up offer for its broadband wing Openreach, so crucial to Boris Johnson’s “levelling up” and “digital” Britain agendas? The chances of some sort of action have risen since June’s wake-up call from Patrick Drahi, the French-Israeli billionaire behind private telecoms group Altice, who secretly snapped up a 12.1 per cent stake in an adroit coup. BT shares closed at 195.5p that day, subsequently topping £2. But Drahi can’t have missed them since dropping to 168.7p.

Even there BT is a big bite, valued at £16.7 billion. And when he took his stake, Drahi said he held BT’s management “in high regard”, backed their strategy and did “not intend to make a takeover offer”. But that promise is only good for six months. And a man not spooked by debt-fuelled deals has form in wanting to own stuff outright.

To boot, BT’s second biggest investor, Deutsche Telekom with 12.06 per cent, has been stirring things up. This month its boss Tim Höttges used an earnings call to declare Deutsche “a little bit kingmaker here”, while predicting an “exciting fourth quarter”.

Deutsche has a board seat. But, tellingly, Drahi hasn’t asked for one. Is that to give him more room for manoeuvre come December, when new chairman Adam Crozier arrives and Drahi would be free to bid? True, it’s unclear whether he could raise the money. But Crozier’s first task looks to be establishing what BT’s two top investors are up to.

And a lower BT share price doesn’t help. OK, it’s up 50 per cent from the bombed-out levels of a year ago, amid signs that investors are finally buying into the land-grab strategy of chief executive Philip Jansen: one built on a £5 billion-a-year spend to bring full fibre links to 25 million premises by December 2026 versus 5.2 million today.

Share price wobbles must be expected, too, for such a capex-heavy rollout at a group with £17.8 billion net debts. Jefferies analyst Jerry Dellis attributed recent weakness to a “read across to the value of Openreach” from the latest “low” valuation of far smaller rival CityFibre. Extra competition from newly merged Virgin Media O2 won’t help either.

But, on Numis forecasts, BT is now trading on an earnings multiple of 8.7 times. On the returning 7.7p dividend, the yield’s 4.6 per cent. So, not overly pricey for a group whose fibre rollout has political and regulatory support, even allowing for an £8 billion pension deficit that is looking more manageable lately. Yes, a full bid may be beyond Drahi. But you doubt he bought in to be a passive investor. Even a play for Openreach could prove an early test of the government’s new National Security and Investment Act.

[hades1] 24/8/2021 23:22

Maybe Alliance news is more accurate?

Morrisons bidding war could boost grocer back into FTSE 100 index
Tue, 24th Aug 2021 18:16
(Alliance News) -Â FTSE Russell late Tuesday indicated that, ahead of next week's quarterly UK index review, Wm Morrison Supermarkets PLC could re-join London's blue-chip FTSE 100 index.
Based on data from Friday last week, FTSE Russell said that Morrisons - which has seen its share price surge in recent weeks amid a bidding war for the London-listed grocer - could re-enter the FTSE 100 just six months after March's demotion.
However, with Morrisons last week accepting a GBP7.0 billion takeover offer from New-York based private equity firm Clayton, Dubilier & Rice and rival suitor Fortress Investment Group LLC weighing up its position, the UK supermarket chain may not remain in the FTSE 100 long if promoted in next week's index review.
Also poised for promotion to the UK flagship index are veterinary pharmaceutical business Dechra Pharmaceuticals PLC and aerospace components maker Meggitt PLC - which, like Morrisons, is also in the middle of a takeover bid.
Meggitt last week said it continues to recommend Parker-Hannifin Corp's takeover offer over the approach of rival TransDigm Group Inc, which has until next month to decide if it will make a firm offer. The board of the Coventry, England-based firm continues to "recommend unanimously" Parker's 800 pence-per-share offer, worth about GBP6.3 billion.

These three could be booting out broadcaster ITV PLC, engineer Weir Group PLC and food delivery firm Just Eat Takeaway.com NV from the FTSE 100.

FTSE Russell noted: "The nationality of Just Eat Takeaway.com has been reviewed in accordance with the FTSE Nationality Rules and as a result, the company's nationality has been reassigned from the UK to the Netherlands, making the company ineligible for the FTSE UK Index Series."
Indicative additions to the mid-cap FTSE 250 include Baltic Classifieds Group PLC, Bridgepoint Group PLC, Darktrace PLC, Draper Esprit PLC and Endeavour Mining PLC.
In contrast to Just East, Endeavour's nationality has been reassigned from Canada to the UK, making the company eligible for inclusion in UK indices.
Up for FTSE 250 deletion are Avon Protection PLC, Civitas Social Housing PLC, Tullow Oil PLC and Wickes Group PLC.
The quarterly FTSE index review will use data from next Tuesday's close, with confirmed rebalance changes announced after the market close on Wednesday, September 1 - meaning the actual results of the review could differ from these indicative changes.
The index changes are effective on Monday, September 20.
By Lucy Heming;Â [e-mail]

[hades1] 24/8/2021 23:00

Not overly concerned either way but just a bit surprised given Weir Group have a market cap over 10% smaller?
But maybe they are also out but no one has heard of them so it’s not reported?

[stansmith3] 24/8/2021 22:50

what results in more net demand the bottom of the ftse 100 or the top of the ftse 250?

[hades1] 24/8/2021 22:37

Very true.
Historically City Am have been a reliable news source but no mention of Weir Group is mystifying.
Maybe the new slimmed down publication are now taking dubious news feeds.

Let’s see what transpires.

[hades1] 24/8/2021 20:59

Looks like I was wrong but given last few months not expecting much difference.
But don’t understand why it wasn’t Weir Group as 10% smaller than ITV?

[stansmith3] 24/8/2021 18:31

dont know if trade is the right word, i often ladder as protection as the mkt falls and today switched some itv to bt, sold everything last feb and bought back at the bottom, but have had my share of disasters too

[nige co] 24/8/2021 18:26

Stan, that's funny that we are both invested in both ITV & BT also property? I guess that the big difference is that you trade Stan where I just buy and hold. I did top up in BT before the pandemic, just my luck. In hindsight I should have sold at least half of my shareholdings in both when the pandemic struck, then re purchase them. To be quite honest I didn't expect the collapse that followed in all the share prices.

[stansmith3] 24/8/2021 18:16

nige

ok understood, have to laugh, i have a fair chunk in buy to let, and hold only 3 shares currently, so i am just ever so slightly more diversified

[nige co] 24/8/2021 17:48

Stan, majority of my cash is tied up in property. So I'm not in a position to top up right now.

Hades, I'm only invested in two companies ITV & BT, both underwater at the moment. I wouldn't sell BT even if I was in profit. BT are my favourite investment out of the two. I will just sit on both companies, collect the dividends until both companies share prices recover, you never know both could receive takeover bids within the next 12 months.

[hades1] 24/8/2021 17:24

A very good point - it’s not too late to just top slice something in profit and use the funds.
IMHO