Itv Share Discussion Threads

[stansmith3] 24/10/2021 22:57

by a strange coincidence i just saw this posted in one of my other underperforming holdings --I think someone big is manipulating the valuation as a baseline for getting a chunk, or even making a bid--lot of it about obviously...;)

[stansmith3] 24/10/2021 22:52

1. how is that not getting involved?2. there is nothing heated about it3. i never said manipulation does not exist, it just hasnt been going on for the year plus that some here have claimed4. the POINT is there is not enough buying or interest at this level to cause a rise in the spthat tells you all you need to know what the market thinks, i feel that i am currently positioned against the market view but hey ho, hades updates on advertising are encouraging, but that info is in the public domain

[jacko07] 24/10/2021 22:25

I am not getting involved in heated discussions but hades is correct in his synopsis.

Manipulation is common, whether it is happening here is anyone's guess, I tend to think that someone is buying up and accumulating any going spare, having said that I have had no trouble buying ITV shares at any time ever, but I am not buying 100k plus at a time. MM's actually do the buying and the trades of a million or more get lumped together.

As for ADR's, this link may interest the thread, it's about a different company but is relevant to all.

[hades1] 24/10/2021 22:14

AgreedSleep wellTomorrow will be better than today

[stansmith3] 24/10/2021 22:09

hadeswell dont argue or try to lecture then

[hades1] 24/10/2021 20:27

You still don’t understand.
Someone is buying - sorry but without L2 you can’t see the order book.
Its just about encouraging others to sell and manipulating the market.
You are right that it can’t go on forever but with enough ammunition and limited counter liquidity it happens.
I won’t argue with you but please try to understand the market.
If you sell at the higher price and buy at the lower price you can do most things and cover your stamp duty costs - it’s all about whether you want to increase or reduce your position until you you meet an equal or greater opposing force.
Effectively buying and selling to yourself has zero cost so it’s about influencing others around the margin - articles and algorithms using technicals will also help things along.
The biggest problem we now face is the volume of the UK float having moved to the US as unauthorised ADRs.
I normally don’t bother to try to explain the intricacies of the market but I will just this once.
Please be re-assured the results in November will be nothing sort of brilliant!
All the best Hades.
PS
Best wishes to my former “friend” on this BB who has sadly disappeared.

[stansmith3] 24/10/2021 20:15

hadesi didnt say manipulation doesn't existwhy is no buying is THE questionthey think its going lower?they think it is over priced?they think there are better opps elsewhere?itvs share price movements are very similar to literally dozens of other ftse companies, the share price rose up got frothy like a thousand shares before it, then the selling started and it probably went a bit to far to the downside, it wont be the last timeitv will recover with good numbers and an improving economy, it may be a long wait, we will be having the same conversations in 3 and 6 months, maybe then people will understand that no manipulation is occurring

[hades1] 24/10/2021 19:53

Of course manipulation happens.
It’s endemic in all markets including the LSE.
For example anyone with DMA access buys at market sell prices(the lower price) and sells at market buying prices(the higher price) the ramifications of this are enormous and widely misunderstood - the prices are reversed on tbe normal market.
You need to fully understand the intricacies of the market mechanisms to understand how to manipulate it.
But you are right it is difficult to manipulate across time without facing opposing forces unless the opposing forces have less liquidity and inferior resources.
Just an observation but as you say eventually it should resume equilibrium.
But manipulation can shape events before the market is able to restore equilibrium.

[stansmith3] 24/10/2021 19:37

I think what everyone misses when talking about manipulation is that no one is taking advantage of it to the extent that it stops it or the share price rises.Manipulation over the time scale we are now talking about it is just ridiculous.It is abundantly clear there is no manipulation.

[hades1] 24/10/2021 18:10

The scheduled investor seminars should help - education.

[jimbull] 24/10/2021 18:00

Thanks Ivan, 2020 was a horror year for ITV, I won't feel happy until we know that the figures are good, but it feels like it. There are many who want to see ITV grow organically into what it should be, a match for the streamers with all the scope to grow.

It is ironic that I say a 'match' for the streamers, when it is not a match for any of them in their cloud cuckoo land Mkt Caps.

There is manipulation because ITV are valued by blinkered fund manangers and marketeers at a tad over £4bn or 5.6 billion USD Peanuts v Hype Bubble .....Netflix closed Friday 494 billion USD yep, that's almost half a trillion dollars in real terms. From a failing posting DVD's to half a trillion in a few years....I think that there is something very wrong with valuations here, in that Netflix is as crazily hyped and overvalued along with most of the US. I have never ever seen anything like these valuations since the 'Dot Com' bubble, I don't want to be a doom monger, but I feel it is all going to end badly.

[hades1] 24/10/2021 16:41

The investor presentation/seminars (market days in old english) are in the diary.
Looks like one possibly replaces(?) the results conference call - let’s hope so as then it won’t be just Carolyn and the CFO! - both rather glass half full!
The seminars should involve the whole management team.

Wed 10 Nov 2021- ITV Commercial Investor Seminar
Thu 09 Dec 2021 - ITV Studios Investor Seminar

[ivanborsky] 24/10/2021 16:34

Excellent post JimBull. If we re-wind back to the half-year report in July, Dame Carolyn mentioned a couple of presentations are to be showcased this Autumn, so we could see some very significant developments in the next few weeks. I would also like to see ITV grow organically as the company moves further into the digital space. C4 would be an excellent acquisition and talks of F1 seeking a move away from SKY to widen its viewing audience could be ideal for C4 under the 'ITV' umbrella. A re-branding of all the channels is also long overdue, i.e ITV2 could be rebranded as ITV Reality, ITV4 to ITV sport etc. ITV will also announce another record set of figures next month and don't forget the company has a profit/cash conversion of around 80-85% so expect to see its cash pile increased further even after the Talpa media outlay. Looking good !

[jimbull] 24/10/2021 15:56

Read the Times yesterday, as hades says there was nothing new. Some other interesting articles on CH4 sale today, so thanks.

I think it should stay as it is but it has become too political over the years so maybe that is the real reason for selling it. I think it would be a good acquisition for ITV but they will have competition from others and if they pay a large premium on £500m it could be seen as a bad move, at least in the short term.

Rumours around a few years back was ITV would vehemently fight any take over bids from the US, this was also the stance of several on this current BoD, so taking that into consideration buying CH4 could be an extra suit of armour against unwanted bids.

Personally, ITV is worth 200p as it stands, so instead of wishing for a bid, shake out the pirates and get rid of the manipulators and let the share price grow organically. If it were run better ITV could easily be a 300p share in a few years.

[royston6] 24/10/2021 15:43

Nice to read the comments. The link regarding 'Share Manipulation' only reassures me that ITV are a sitting target and something bigger stops the share price rising on days of low volume with more buys than sells.

Not long ago a group of private investors in a Forum got together to short squeeze Gamestop because the share price was slowly dying, they well and truly caused the share price to soar catching the manipulators with their trousers down..Great!

You only have to look at the stockmarket like any commercial enterprise, when the local shopkeepers sell more than they can buy prices don't go down. Remember 18months ago when unscrupulous merchants were selling toilet rolls at 5 times the price.

[bobdiamond1] 24/10/2021 13:49

Another interesting piece.

[hades1] 24/10/2021 13:36

There is nothing new in The Times article just more balanced than usual.

[hades1] 24/10/2021 13:34

I don't think Discovery Communications were ever interested - it was the Telegraph making it up or just being stupid.Discovery Communications are John Malone majority controlled so it made little sense as he also owns 9.9% of ITV - Discovery Communications formally denied any interest in CH4 but The Telegraph just kept repeating it!

[bobdiamond1] 24/10/2021 13:23

I read some posts on the other board about the CH4 sale, there was a link to the Times but it asks you to subscribe, unfortunately I don't subscribe so it was useless.

I read other articles and post this link from City:

[keyno] 24/10/2021 13:04

Good. Can't see any US channel eg "getting" Taskmaster!

[hades1] 24/10/2021 12:58

It’s also interesting that Discovery Communications has been removed from the list of parties interested in Channel 4.

[keyno] 24/10/2021 12:35

Glad it's not just me then.
Edit: gov glad for anything that takes spotlight off them and their serial incompetencies. Merger talk would hit the spot. Broken wrist so one-hand typing!

[hades1] 24/10/2021 12:22

Many including me wish the same.
Channel 4 should stay as is but this Government clearly want to silence any questioning of their policies - very wrong but I didn’t vote them in!
Post Brexit they have even more they want to hide from the electorate.
However if it’s going to happen, I hope it goes to ITV at the right price - a safer pair of hands than everyone else in the frame.