Itv Share Discussion Threads

[hades1] 14/9/2021 17:57

Brokers booking previous hedge fund trades.

[hades1] 14/9/2021 17:25

These trades have been explained many times.
They are usually meaningless.

[ivanborsky] 14/9/2021 17:11

As was the large ITV trade.

[nige co] 14/9/2021 17:03

The large BT trades were reported on the LSE as off book.

[hades1] 14/9/2021 16:33

There is no link.

[ivanborsky] 14/9/2021 16:25

I'm sure we'll find out soon enough !

[nige co] 14/9/2021 16:20

What else could it be other than coincidence?

[ivanborsky] 14/9/2021 16:14

Just seen on the stock exchange website that those large ITV & BT trades were reported within a minute or so of each other. Coincidence ?

[nige co] 14/9/2021 16:04

Just goes to show even the best (Blackrock) get it wrong.

[ivanborsky] 14/9/2021 15:45

Hmmm, strange trading in BT and we've seen a 9m odd sale of ITV after nothing noteworthy since those 'of no significant interest trades' early August (20m) and Blackrock being the subsequent buyer. Bizarrely, ITV ADRs are up currently, could be a very interesting half hour before the close !

[nige co] 14/9/2021 15:37

Todays Large BT Trades all reported as buys.

12:36pm 7.5M
14:03pm 968K
14:39pm 20M

Could be Drahi picking some cheap shares up.

[hades1] 14/9/2021 15:19

Let's see where they close?

[stansmith3] 14/9/2021 15:15

bt did go up to 169 after hades call at 162...

[nige co] 14/9/2021 14:59

BT also getting hammered. You made the right call last week Hades.

[nige co] 14/9/2021 14:56

Someone just had enough selling 9m. Who can blame them? From up 2p this morning, now level.

[hades1] 14/9/2021 14:55

Well the yanks have dragged it down!
Plus a 8m + Ordinary trade - could be either buy or sell as pre-negotiated and likely delayed?

[nige co] 14/9/2021 11:56

Interesting Hades, thanks.

Yes I'm of the same opinion that ITV's days are numbered.

[hades1] 14/9/2021 11:43

The rumour is between £600m and £1.2b.
I think it will be at the lower end as the existing remit will be largely retained.
But I also think there is a strong possibility that they will decide against privatisation.
Either way won't change ITV's path into US ownership - in my opinion.

[nige co] 14/9/2021 11:35

Hades, what valuation would CH4 bring IYO?

[hades1] 14/9/2021 11:22

They wanted a more balanced business but the market has developed in recent years.

1. The TV advertising market has contracted less than initially feared.
2. The growth of subscription services is reaching the max limit given the amount of money households are prepared to spend of home entertainment. subscription OTT services will replace subscription satellite and cable services but will probably not replace the advertiser funded free to air model.
3. CH4 at the right price would be unique opportunity to for ITV to grow/consolidate their business quickly.
4. ITV have grown their production business enormously. Making programming for everyone. They they are now the largest supplier to the BBC. Taking ownership of CH4 would enable them to growth their studios business with CH4 - current they are a minor supplier to CH4.

ITV will certainly pursue a CH4 merger at the right price but I suspect that any ITV/CH4 merger would just be part of a greater takeover/consolidation play - Likely involving an large US player.
That's my view.

[nige co] 14/9/2021 11:02

Hades, do you think if ITV are allowed to bid for CH4 that they will? If ITV do purchase CH4 wouldn't this be going against what ITV said a few years ago, that they wanted to move away from being too reliant on advertising?

[hades1] 14/9/2021 10:57

Incidentally the Government closes the consultation on the future ownership of CH4 tonight.
I assume they will take a while to make any announcement but I know that many concerns have submitted suggestions/proposals.

[hades1] 14/9/2021 10:39

Nige
Lets agree to disagree on GS

[nige co] 14/9/2021 10:35

Yes I did take a look at the 5 year volume chart, and yes it's down.