UTV Media Share Discussion Threads

[cat] 10/1/2003 16:36

and to think I thought this was a buy 9m ago - that was in fact the top......

anyway glad to have been short for the last few months and still adding.

[adamh] 10/1/2003 16:12

top potato Matthewa

I looked at this thread when it was 342 and thought Hmmm great short I'll just wait for a bounce before entering....lol

My cap is doffed

[hezza123] 10/1/2003 16:07

"It's a dawg with fleas, pal."

G.Gekko, Wall Street, nineteen eighty something.

[hezza123] 10/1/2003 14:47

Another below-bid sale just gone through. Looking grimmer by the minute...

[m.t.glass] 10/1/2003 14:38

I know there are some who were arguing that its dominant position in the Irish/NI market leaves it with fewer competitors than its UK peers, but that certainly doesn't seem to have saved it.

(BBC I think is No2 for Irish viewers, and other commercial channels way behind)

[cat] 10/1/2003 14:04

yeah - turned short around 365 after double top and have been adding to short position bit by bit - more yesterday and today.
Forgot about this thread - thanks for reposting it.
Have suitably edited the first post.
WPP chairman recently commented he sees no improvement in advertising revenues for 2003. Could go all the way back to £2 now - p/e at this level far too high considering the worsening state of the economy.

[hezza123] 10/1/2003 13:47

... and [I]not[/I] a bad day for those who are short. The chart's looking a tad predictable if you ask me.

[m.t.glass] 10/1/2003 13:45

Excellent call, matthew. Hope you baled in good time Cat.

Powerful stuff gravity. A sad day for anyone still holding but still ample scope for late shorters methinks.

[m.t.glass] 10/1/2003 13:39

Powerful stuff, gravity.
Another bad day for anyone who chose to continue holding.

[bruce8] 14/12/2002 12:10

Doddy - I tend to agree. Been short since September, which is an age for me! A few more cracks appearing today.

Bruce

[ducatiman] 13/12/2002 21:11

tonyjackson, rns 30thsept.

[dodddy] 13/12/2002 20:49

>mtg forget the funnymentals all we need to know is in the chart :) and that says down to me, been short for a few months now patience is a virtue and all that

[m.t.glass] 13/12/2002 19:50

Tony, I remember there were big bust-ups between UTV and the unions (BECTU and NUJ) a year or two ago over UTV's proposed pay restrictions/redundancies and a gagging order on employees. Also in relation to the company's apparent disinterest in creating meaningful content of its own. Is that all history now, or still festering?

And how much support (or pressure) does UTV get from its big Canadian shareholder CanWest Global Communications Corp?

I don't know the answers to either, so my own limited short is based mainly on the chart and on UTV's premium to the rest of the market. I guess the price might briefly find support around 315 or 297p perhaps.

mtg

[tonyjackson@ireland.] 13/12/2002 18:19

matthew what 1,500,000?Chart looks really dodgy,but are there not local cosiderations that leave utv a bit less vulnerable than the big boys?

[m.t.glass] 13/12/2002 15:31

All in the pictures above really... needs no further comment!

[matthewa] 30/9/2002 17:14

UTV - Ulster Television. Think there is big downside in this one. GAA CCM also look to be in big trouble with falling AD revenue but Rising production costs. Will be intersting to see how MM's react when the 1,500,000 hit the market.

.

[matthewa] 30/9/2002 17:13

UTV - Ulster Television. Think there is big downside in this one. GAA CCM also look to be in big trouble with falling AD revenue but Rising production costs. Will be intersting to see how MM's react when the 1,500,000 hit the market.

.

[cat] 24/5/2002 10:31

EDITED 10-01-03
Having initially posted this in May 2002 as a bullish breakout and "buy", the stock has failed miserably with a double top and the Chart now shows a significant breakout on the downside. IMO The stock is now a "sell" and the MMers certainly dont want em.