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Yes just seen the trade 5eights.
Interesting to see that while ITV ADR's closed slightly down last night, after close price jumped up 2.25%. Looks like activity maybe starting again over the pond. Bargains don't hang around for ever.
Have a look again this morning Nige, a trade of 5,631,440 @ 104.18 printed at 11:32.
And yesterday we saw a trade of 1,692,060 @ 103.41 coupled with the 186,333 ADRs last night.
Someone's keen !
:))
I noticed some large Off-Book Trades this morning.....
@0844....60,000 shares
@0844....60,297 shares
@0842....100,000 shares
@0841....100,000 shares
@0841....100,000 shares
"182,000 ADRs on the board already this evening (7x average volume) but again hardly any price rise !"
Interesting to see 5eights that one ADR trade amounting to 169,000 shares (1.69m UK shares) over the pond.
Absolutely agree with false reporting of short positions. Every system has a loophole....
Also I have seen the interview of ITV and WPP CEO's.
Actually I liked the way she talked about digital transformation. I work in digital transformation and am impressed with her usage of the jargons like Artificial Intelligence & Analytics and how ITV is using them to transform the business. She mentioned about "metaverse" and just today in BBC there is an article on Facebook who are investing in "metaverse". I don't know much about "metaverse" but she is definitely striking all right chords!
Also venturing into streaming in the form of Britbox is a very good move. But let's be honest, even Disney and Netflix are struggling to increase the number of subscribers despite investing massively in producing the content. Today Barclays downgraded Disney because of the expected lower number of subscribers.
So expecting ITV to become like Netflix, Tesla and Amazon is not right. We have a slice of pie in every sector -
1) Advertising
2) Studios
3) Streaming
4) TV that hosts popular events, popular sports etc
All ITV needs to do is just tick up the numbers in the above sectors.
Like I said Dame is striking all rights chords. I wouldn't blame her for the downfall of SP rather it is being manipulated. If she can sound upbeat in the upcoming TU then hopefully that sends jitters to those sellers.
Hi again ST, here's a good link for you to read and may provide some comfort as well:-
https://www.griproom.com/fun/10-signs-your-stock-is-being-manipulated
If the full link doesn't copy and paste successfully just put in your search engine the headline only and it will upload the link.
And in addition, I posted this link some few months back with regards to declared holdings in the US with regards to ITV stock , i.e. those companies that have actually REGISTERED an interest in ITV !! We know all the big US banks continuously flout trade reporting rules so as i have said before, take all these websites at face value including that Short Tracker as well (No short positions declared in BT.....really ???????).
https://fintel.io/so/uk/itv?__cf_chl_jschl_tk__=pmd_dc790c55fd46a8db7f2687ae626a35b2a884a49b-1629196109-0-gqNtZGzNAg2jcnBszQii
I last posted the link in the Summer when at the time there were 141 positions disclosed and here we are in October with the positions increased to 172 and the increased volume taking place in just one week in September and nothing since ?
182,000 ADRs on the board already this evening (7x average volume) but again hardly any price rise !
Don't sweat the small stuff mate and let the market (GS) do their thing and I will be in again for a few more before the numbers next month.
Sorry 5eights, could not reply back. Thanks for pointing out at the link.
Nige, thanks for providing the link.
There is no doubt that big institutions that are invested in ITV constantly question CEO/CFO on the share price performance. I'm invested in CINE and there is court trial that was broadcasted live on Youtube and last year when CINE price dived due to COVID, big investors were sending numerous email/sms/whatsapp messages to CINE CFO/CEO. All that was show live on Youtube. Some big IIs say that many are selling but the CINE executives said they got assurances that shares will not be sold. Then again one investor called Barclay's ****ers as they sold the shares from the back door despite giving assurances to CEO that they were not!
So definitely even with ITV, all big IIs that invested before pre-covid levels and at levels £2 and £2.50 will be constantly questioning ITV CEO/CFO about share price performance. Now the drop from peak of £1.34 to £1.02 happened without any reduced holdings! It is nearly a drop of 25%!!!! But not a single reduced holdings. I checked short tracker and no new positions either. Could it be retail investors like you and me fleeing? I don't think so. ITV has 4.2bn shares in issue so PIs can't cause such a large drop.
There just could be multiple funds exchanging hands and shorting ITV just below 0.5% short threshold so they don't get reported. ITV update in 5 weeks so hopefully if there is no big market correction then these shorts will stop playing games and will restore normality. Currently daily movements are not normal. I'm not selling anything. I have 74p avg and this time I will add more.
Although there is a lot of talk about supply shortages but retailers will still do their advertising.
5eights......... "Its worth just watching again the last few minutes of that interview with Dame Carolyn and Mark Read at WPP (see ITV website if you haven't watched it) and Dame Carolyn states that the team at ITV are overly excited with regards to the rebound in TV advertising whilst smiling like like a Cheshire Cat !!"
I enclose the link below to the 32 minutes referred video for anyone who may have missed it previously. Enjoy...
https://www.itvmedia.co.uk/itv-backing-business/a-transformational-qa-featuring-dame-carolyn-mccall-ceo-itv-plc-and-mark-read-ceo-led-by-itv-news-nina-hossain
Morning Smalltrader, nice post all valid points and I think that everyone on here whom are actually invested in ITV have similar thoughts with regards to exactly what's going on.
Its worth just watching again the last few minutes of that interview with Dame Carolyn and Mark Read at WPP (see ITV website if you haven't watched it) and Dame Carolyn states that the team at ITV are overly excited with regards to the rebound in TV advertising whilst smiling like like a Cheshire Cat !!
So i very much doubt if she will use the 'Covid' caveat again come November especially as this year's Love Island alone is on course to deliver its biggest ever revenue for ITV some £100m !! Doubt if the Times and especially the Telegraph will take that one lying down !
Britbox continues to do well and we should hear subscriber numbers approaching 3m, with Britbox South Africa launched back in August. Not sure why there wasn't an official RNS announcement by ITV but as we have come to know by now Dame Carolyn isn't one for singing from the rooftops !!
https://stuff.co.za/2021/08/10/britbox-south-africa-first-impressions/
Without doubt there is manipulation going on with the ITV share price.
Friday volume 5m sells vs 2m buy when the whole FTSE was in blue. ITV did not budge when it is the safe investment in the FTSE index.
Miniscule debt
Huge cash in the bank
Dividends already announced
Trading conditions above 2019 levels
One of the leaders in the TV AD market
Great studio content
In streaming business with Britbox
Highly cash generative business
Precovid trading at 190-155p
It is a FTSE100 stock that is pushed down from recent high of 134p in June to here for what reason? FTSE 100 back to precovid levels but not ITV price! Utter manipulation by US funds
Anyone trying to justify the current SP is clearly not invested in ITV....