The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Peeved today hedged the my Uk portfolio with sell order on the index, logged on 8ish saw profit and closed if only had left alone would have been neutral on account..i always close my hedges too early and loose out thats the 6th this year..never learn silly old bastard.lol
14:43pm trade of 4,868,154 @ 124.5 reported, my goodness that hoover has got some suction !!!
:)
hi Nige, I think for the layman (apologies to any professionals) there is no way of knowing what is going on with regard to price manipulation or simple market forces. I am still of the opinion there is no grand master plan in place and that the price is at todays value probably right, though I certainly do believe it will rise slowly over the months, what do I have to back that theory up, absolutely nothing apart from trying to assess its value in todays market and its future direction. Clearly Liberty Global and Goldman Sacs are key players but when you look at the ownership of many companies these names hold a lions share in addition to other investment funds and trusts. If you look at Simplywallst you will see something that would add to anyones conspiracy theory about games, bids and price suppression. Have a look at the top shareholders and the recent update shows that LG holds the same amount of shares as it did months ago with no percentage change. Goldman Sachs however have increased their holdings by 536.11% in the same period and now hold slightly less than GL. in addition public holdings has gone down from over 10% in a 6 month period to now only 0.8%. Now I could of all the reasons why this is happening and that such data could support the theories that are dominant on this PB, however this type of scenario features in many other companies that are and have not been subject to bids, proven price manipulation or anything else. For me all of this means that no matter how much data I read, trends I follow or company accounts I read ,I haven't really got a clue about what really drives a share with the exceptions of good fundamentals and gut instinct. I do though love reading the posts and view points as it always leads me to question the choices I have made and that is not a bad thing.
Rock, I think that we all agree that on a day like today when pretty much everything's down across the board. Today apart I do think that the ITV share price is being held back and has been for a long time. Like I have said previously going back to last summer when GS were holding 21% of ITV. No doubt GS may not be on their own.
Clearly there is something wrong with the arbitrage between the Nasdaq and LSE but we have no reason to blame GS.
Morgan Stanley are selling the unauthorised ADRs and anyone could be buying/selling - unlikely to be GS actually.
Let's see.
"Goldman Sachs"
Janus, you're right regarding the UK isn't reacting to the USA valuation. Why not? It's the same company, why should the USA valuation be any different to the UK valuation? I can only come to one conclusion that Goldman Sacks who have history of this kind of market manipulation are in charge of the ITV share price.
Going back to August of 2020 GS held over 21% in ITV shares, this includes the 9.9% that they loaned from Liberty Global. LG have now recalled their 9.9% holding. I still believe that GS have a lot to answer for.
NigeCo - from all the previous data, trades and history I cannot see any correlation with the US ADR to the UK ITV market. Am I misunderstanding this relationship and if not why is the uk share price not reacting in the way you seem to believe it should.
I know that ITV are down with the wider market, but last night in the USA the ADR's after hours trading shows ITV up 5%, yet here we are down 3%.
THE whole market is down why wouldn't ITV? 5eights?
I know GS are up to no good but it has become the easy excuse for any weakness here. It's getting rather boring
So ITV are down this morning, quelle surprise !
Any excuse to shake out the weak holders, I'm back in for a few more if GS wants to continue this charade !