Itv Share Discussion Threads

[justiceforthemany] 15/2/2024 17:59

Shares were at 180p when the Dame took over. Astonishing value destruction. Now just worth a third! She needs to be booted out.

[netcurtains] 15/2/2024 17:52

Yes big volumes for past two days...

[justiceforthemany] 15/2/2024 17:07

What's going on with the volume here today folks?
Almost 20M shares traded.

[netcurtains] 15/2/2024 16:32

It was! But it is nearly all on-line now (US students) and AI....
75% of their business is now in the USA...
In UK they still do A levels etc and English Courses for migrants...

[matthewr1] 15/2/2024 16:31

Thanks netcurtains , very informative.
I’m glad you’re making money on Pearson. I just remember it being a dog for years back in the day…..

[netcurtains] 15/2/2024 16:01

matthewr1: If you look at my PSON (Pearson) shares you will see steady rise. Some of this is due to their excellent on-line ENGLISH course (for migrants/students)....

UK student numbers keep rising and most of it is driven by overseas students (they pay good money to colleges). The downside is they tend not to work here so the economy is helped less than before brexit (eg Poles etc generally came here to work) - new migrants tend to be non-EU students (not working)..

From BBC:
"
The government has a target of 600,000 international students per year studying in the UK by 2030 and says education exports "play a vital role in supporting the UK economy".
"

[matthewr1] 15/2/2024 15:47

Netcurtains , that’s interesting. I don’t know migration numbers , but my sense was it was still strong?
Johnnybig , you clearly don’t have an economics degree (or perhaps a brain) , so I’ll keep it simple (like you). Inflation is the single most important thing in an economy. Anything that puts downward pressure on that (in this environment) is helpful. Expansion (growth in GDP) fuels inflation. Contraction (recession) does the opposite. Controlling inflation then gives the central banks room to cut rates. Cutting rates is extremely expansionary for an economy and leads to growth. So yes , this very small , technical recession…R30;, (Defined as two quarters of declining growth) …is a positive.

[smurfy2001] 15/2/2024 14:23

cyberian, there's also people that just quit their job because they cannot be bothered to work and are not claiming benefits. Great Resignation.

[jonnybig] 15/2/2024 13:55

Saying that recession is a positive is so stupid it beggars belief.

Hey, I wish the shrink would have been minus 20% then that would be even more brilliant, eh? 🙄🙄🙄

[cyberian] 15/2/2024 13:27

2.6 million in UK are on sick leave/benefits which does not help growth or productivity.

[netcurtains] 15/2/2024 09:40

matthewr1: Recession possibly is worse than people think.
Why?
Well if migration numbers are up but GDP not rising as a result
this means everyone must be earning less (the cake is getting smaller but the numbers of eaters is rising).
Migration normally means a rise in GDP. When it does not happen this is quite bad.

[matthewr1] 15/2/2024 08:26

Recession (at this stage) is actually a positive as it puts downward pressure on inflation (which is economists enemy number one) , and also therefore puts pressure on BOE cuts. I agree we will have several by year end and probably starting April/May , but all dependent on inflation falling. I don’t see it falling below 2% target for some years though. Once you have inflation in the system it’s v hard to get rid of…look at the thieving of car insurance companies this year for example.

[netcurtains] 15/2/2024 08:11

Getting this over 60p would represent quite a big percentage rise and is possibly achieveble... More so then a fall in the other direction, anyway that is my view. Touchwood.

[topbun] 15/2/2024 08:05

As expected the UK dipped into a technical recession back end of 2023 but according to most if not all economists this is no longer the case and we are now back in growth territory. Not a great big story although the media will milk it.Copied from another thread

[rongetsrich] 14/2/2024 20:50

Good luck with the pumping, Vlad. Good call on 10p, will wait.

[justiceforthemany] 14/2/2024 13:15

A huge drop off in the energy cap this April (-16%; could be -20%) and communications services hiking by half what they did last year will mean UK CPI should be around target by April.
With natural gas prices now back to Covid lows the energy cap will fall by another 10%+ come July. UK CPI will fall below target. 1.5%
Rate cuts will come in around 6 months before the election - May.

You would have to be foolish to keep shorting the FTSE.

[topbun] 14/2/2024 11:26

Good Uk inflation data today which is a relief , (4% vs exp 4.2%)....US CPI not so much.

[matthewr1] 14/2/2024 10:10

Good Uk inflation data today which is a relief , (4% vs exp 4.2%)….US CPI not so much.

[rongetsrich] 14/2/2024 06:03

Vlad, do you see this at 50p this week or next?