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“Rock8, I'm not sure to which conspiracy theories to which you refer but don't be surprised if GS and the rest of the market take the stock down to the 109-110 level tomorrow.
If it happens and there is a good chance, I'll share my reasoning tomorrow !”
5eightsaccount
Never made 110p buy please share your reasoning as I can’t find any!
I tend to concur with this analysis, and hence the lack of support for the SP. Nevertheless, I'm holding.
AJ Bell: ITV numbers are good but are they sustainable?
Bullish results from ITV (ITV) were no surprise as the economy reopens but AJ Bell says investors should be aware the longer-term picture for the broadcaster is less certain.
ITV saw advertising revenues rebound on the back of the Euro 2020 tournament and lockdown restrictions easing, pushing it to its largest ever June revenue.
Analyst Danni Hewson said this wasn’t a surprise given the economic reopening was ‘a natural driver for companies to increase advertising’.
‘This is fine now, but ITV’s position longer term remains uncertain. There is a structural shift of advertising away from TV and towards online channels,’ she said.
Hewson added there was a risk that the June figures were a ‘one-off event’, and streaming and on-demand will continue to be the winners. ‘That places even more pressure on ITV to come up with must-watch shows. As such, it will have to plough significant amounts of money into the studios arm to enrich its content.’
The shares closed down 1.3%, or 1.6p, at 118p on Wednesday.
5eightsaccount
What’s the thing you were going to explain to me tonight?
Problem is advertisers are not interested in pensioners (crazy bearing in mind how much deposable income over 50's have) they are infatuated with under 40' - who are watching less live TV,
Got one right!
"I held IAG but sold it today as they are reporting tomorrow.
Didn’t wont a third hit!
It will probably rise tomorrow?"
Good move Rock, IAG dropping.
“Everyone watches Netflix, Prime or YouTube these days”. What absolute rubbish. You will never replace live television. I bet there are millions of pensioners who don’t have access to these streaming services and probably have never heard of them. Even so, I think a mixture of streaming and terrestrial will be the way the majority will go for many years.
Dump this while you can still get something for it. Ftse 100 dross at its worst with a declining business model and a really terrible CEO, UK is uninvestable, was bad anyway, wrecked by brexit and the Boris ******s and it cant even hold 7000, Dec1999 Level. Pathetic capital destructive index and companies. Buy US growth and get out of UK investments whilst you can. Terminal. Why would it get taken over? Everyone watches Netflix, Prime or YouTube these days.
Sorry that question was for 5eightsaccount?
A good chance of what?
Sorry please clarify.
Thanks
Another theory of mine is takeover :-)
I still believe that the results do not warrant this drop. From a high of 124p y'day morning to 114p today, which is 10% drop!!!
Certainly results are not the reason for such drop.
Games are being played. Unless there is bad news on the market for ITV, there is no way we can be made to believe the drop.
So going back to my theory, there seems to be a takeover being planned behind the scenes. Why would you postpone dividend payment to next year. Rolls Royce with some billions loss said that they will look at dividends next year!
With ITV having so much cash in hand and less 460m debt, it just doesn't add up so something is brewing. IMO.
A bid for 160p at current price will seem reasonable and Dame being weak, this is the time for the bid for a cheap takeover of ITV.
This may be of interest to you Rock regarding BT. Yesterday after hours trade there was a 10.5 million trade, same again today for almost 13 million trade. This makes me think games are also being played out to obtain the cheap shares for someone? That someone could be Drahi who recently purchased 12.1% of BT.
Rock8, I'm not sure to which conspiracy theories to which you refer but don't be surprised if GS and the rest of the market take the stock down to the 109-110 level tomorrow.
If it happens and there is a good chance, I'll share my reasoning tomorrow !
Agreed - or hold and top up in the dip.
Hold is the only logical outcome to what looks to be counter-intuative price falls especially when the SP should be in the 140-170 range
The fall is also on low volume during the day.
Frustrating!
But like you I will just hold.
ZERO short positions in ITV above 0.5%
I just can’t believe anyone would be shorting it again - nothing showing of Short Position update.
Understood the GS/Liberty issue but that’s finished with according to LG.
I feel everyone's pain. Makes absolutely no sense and most stocks are currently taking a bashing. Makes me wonder why I bother investing in stocks with all the games going on in the background.
That's sod's law Rock.
I'm convinced that someone is shorting ITV, are you coming around to my way of thinking yet? Lol
ITV will probably start off tomorrow up 2p, like the previous 2 days, then down they go. At some point it will stop, then the share price will start to recover. JMO.
I held IAG but sold it today as they are reporting tomorrow.
Didn’t wont a third hit!
It will probably rise tomorrow?
I added to my BT holding yesterday to try to get something back after ITV fall.
Big mistake!
FTSE UP my holdings down!
Beginning to take it personally.
I agree with you expat, I also believe that ITV will be taken over for it's content. This keeps me hanging in there. I know that if I was to sell my ITV holding a bid would follow. I would kick myself if I was to sell, than hold for another 4 years if that's what it takes.
I also hold BT Rock, so I've been beaten up today too.
Fundamentals are solid
Content is king
Streamers need content
Streaming providers have audiences demanding content and will look to increase their catalog - especial post pandemic
Streaming providers have deep pockets and some are very deep
Patience will be rewarded
Yes last two days it rises 2 to 4p then gets hammered!
Even I am now beginning to believe in conspiracy theories!
Also hold BT and that also got hammered but from open - at least that’s more usual although no one has a real explanation for that one either. Excuses give is Virgin Fibre launch but most think that’s just a convenient post rationalisation. All analysts seemed surprised with drop as it beat!
Crazy day.