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700k shares sold in fear. Buyback is happy.
Buy backs have to be passive and are linked to the volume of shares traded.
The ITV buyback will a slow but steady soak of sell orders and should contribute to a share price rise over time (all other things being equal).
Is it not for days like tomorrow that the buyback fund is waiting? When more sells than buys come through they can hope to buy up the volumes of shares that are released? 250m will easily absorb tomorrows sells.
I guess it now all depends on how the ftse ends and how the Us markets hold or fall. if it's a fall and our market opens down 50 points or so then ITV will also be down another 1p-2p so could be down a total of 5p-6p making a great buy back price.
Well I'm armed with cash should the drop get "overdone" - I'd be happy to buy back sub 0.70 and pray.
We are good with buybacks in place now for most of the year. I am hoping that limits how much it will fall and will keep us above 68 and more likely 70.
Despite what Pogo says this is not a safe investment and for that reason I think it can and is well due a bounce. We have a safety net in place with buybacks. Just needs the BoD to do something to bring this back to the pre ITVX value of 120.
Jedclampit
Kiwitwo
omalley123
"Faith makes Miracles"
Next Friday over 75 pence
My concern is it'll fall and won't recover. Stagnate or fall further and I'll be pretty well cheesed off in that case if I'd not sold.
I wanted 75-76 to sell. My gut feeling is Morgan Stanley buybacks will keep this above 71 tomorrow so I fear losing out if I sell only to buyback at a similar price. I think the 12 month high may be reached in May. Possibly something happens at AGM but if last 6 years are anything to go by then no new announcements and stagnation over summer and autumn.
Sold 50% of mine earlier. Will buy back should it drop below 70p. If not I'll chuck it someplace else.
This time I will sell 50% of shares then buy back in when it drops ,🤞🏾will buy same amount of shares sold, then bank the cash I made hopefully will be worth more than 3.3p
Think this will settle down to maybe 73p by end of the day which means it could be buy in time on Thursday at 68p-69p
I can see this having a last minute spurt prior to the cut off. If I time it right I'm out at 0.76/0.77.
Pogo started posting here last year. Anything but a long term holder.
Pogo was purchasing in May last year in the 70s telling us the share price would go to 80,120,150
That is 12 months lost for Pogo where he could have made more money elsewhere. Pogo is nothing like as smart as he pretends to be going on his posting history of the last year. He failed to see slump to 60p. He got badly burnet with his hold for long term gain strategy
Dear oh dear, it does show we all have different ideas and all are right if it's what we believe.
We will all make mistakes and not make what we want, but gone are the days of just sitting on shares long term and hoping it all comes right.
I will hold some ITV and will try to trade 10,000-20,000 share lots at a time to make money through the year.
But as we know it's all a big guess what will happen.
Pogo my trading platform lists ITV as High Risk.
ITV had lost 25% of capital only 6 weeks ago. Worse than Wizz
You know that and yet still you put out a false message that ITV is long term. It is a casino share. Place your bets
If you want to speculate just try Wizz Air. Good shares liquidity, dynamic changes, easy to earn or lose 10% of capital.
ITV should stay long term investment.
Can Pogo write a post without being condescending?
When I read some posts the Math was not favourite subject at school and isn't still a strong point , especially for the locals trolls. Selling before divi means losing 3.3 pence in the cash on 24th May.
If you are selling now to get an extra tips (real profits, ... nei chance :) ) and if you want to re buy your shares - you need to include it in your calculation and together with transaction costs and Gain Tax.
Actually with Pogos estimate if we rise above 74.5 in the next day then it makes sense to sell and buy back at 70.6.
Thursday could be for some good conversation on here. All the people doing buybacks debating what is the best re-entry point.
Looking in the past is like a reading old story. It's good to understand why and draw conclusions, but never think that history will repeat itself.
You do not have an agenda with that statement? I cannot read which way this will turn. If 76 is going to be a 12 month high or where this will go on Thursday and Friday. Fo that reason it would make sense to back both horses in this race. Mitigate the risk. 50/50 on both
I think Tom nailed it. We've been down this route several times. Yeah it'll probably drop come ex divi and hopefully it will then respond positively. Issue is that it doesn't recover post divi and either stagnates or continues to drop. History of the SP/divi speaks for itself.
Not less than £70.66 on Friday's close but not surprise if we have £73.96
Three days to check am I was right
Pogo I get what you are saying. Many of us have been here longer than you. We have lived through other ex divi dates and we hold on the idea that we lose more by trying to gain from that drop only to watch the price fall off by 5-6% and then fail to recover over the summer.
Look at last year . 83.68 before the cut off. Down to 80.7 the next day. It has not returned to that price in 12 months. The same could be repeated this year only we are starting 10p lower. Nothing has drastically changed at ITV other than the buybacks. Your continual promise that this will recover is based on no hard facts. The risk that this drops back into the 60s this year is hopefully offset by the 250m in buybacks