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Nice assessment mate. Obviously its everyone for themselves and no blame attached whatever happens. I'm seriously thinking of selling up today/tomorrow and wait for the drop should that be the case. I'll miss the divi payment but maybe I'll recoup more if I decide to buy back.
GL.
My private predictions for ITV price ex divi day 11/04 is £0.75 -£076. After we possible will open about £0.71 with with unsuccessful pressure during 1-2 trading sessions to bring the price below £0.70. Buyback buyers and long-term investors (including those building their portfolios based on the assumption that ITV will return to the FTSE100 index this year) will use the potentially increased supply of shares to make more aggressive purchases. In the coming weeks, he predicts a slow and stable price increase, interrupted by stronger increases. I think that at the end of May ITV will reach a price level of at least 85-90p. The growth will accelerate after crossing 95 pence, when most of the market will understand the implications of its increase on the change in the FTSE100 index. Of course, my forecast is based on the assumption of relative stability on external markets, oil prices at no higher levels than currently and the prospects of upcoming cuts in June or the beginning of a series of interest rate cuts in the UK, EU and USA in May. The above forecast for the turn of May and June is quite moderate. Extreme prices are in the range of £70-75 pence in the pessimistic version or £95-1.10 in the very optimistic variant.
But any time my recommendation is STRONG BUY and don't sell looking for profits in potential corrections.
All the best for reall ITV shareholders.
Jedclampit
No prob. We all pay taxes.
I think and I think that it is not only my opinion, that taxing Stock Market in this way which we are seeing in UK , that is a wrong decision. In most of the countries we have less than in UK tax level, especially when we are talking about long term investment. Sometimes we have one tax on 15-20%, huge free of tax investment allowance, non taxed long term investment, etc. In my opinion this is much more profitable for any country's economy. It's build a strong market and attracts new investors and, above all, new companies. Currently, the UK has an erroneous tax policy towards this market segment, based on socialist thinking and not on rewarding private investments. When understanding the needs of the state budget, one must see its effects of this politic. These effects include a huge, several dozen percent undervaluation of companies in relation to the largest markets in the USA, France or Germany. And this results in the flight of both issuers and capital from the London Stock Exchange. These are much greater losses than the gain from increasing taxes in this area. Today, subsequent issuers are talking about moving their listings to New York, Frankfurt or Paris. Soon, due to the legislator's erroneous actions, London Stock Exchange will become a small local market.
Rebuilding its position will be, if not impossible, then certainly long-term, difficult and costly for the budget. And those in power should finally understand this. Because populism in this area only brings financial losses.
Added this morning at 74p - will add more ex dividend on Thursday
gla dyor etc
Good morning Pogo001, no I wasn't getting at you at all and well done for making any money, simple pointing at this years tax allowances for the few that may not be totally clear.
I have to say, compared to the BOD (and so called independent special committee) over at PARA right now, the ones here look both trustworthy and competent. If the media stories/rumours over in that one currently are true, and a deal along the current lines touted comes to pass.
The comments section over on a US version of this one (stocktwits) provide some gallows entertainment for both holders and observers alike.
If Apollo come knocking here, hopefully our BOD will not seek a materially worse deal with Skydance instead of them, on the most seemingly flimsy of pretexts and which looks highly irregular to the eyes of many.
Anyway, dividend here soon, then will take a view.
Not sure I am going to get my 80p target now, but having trimmed a fair slug along the way, I am all the more relaxed and open to rebuilding if we revisit the 60's in the event of a market correction (nothing company-specific etc). GLA.
Jedclampit
I topped today at my ISA account.
If you are talking about me, please BEFORE read my posts.
As I said... I will be happy to paid 50% tax rate in this tax year, because that would mean I was right to invest in ITV
I'm tempted to bail out of here all together. I've got a taste for that sell button after last week. Maybe I could buy back after the predicted sell off following the ex divi. Might not be a lot of money to some on here but 45000 pounds is a lot to me.
Yes correct. !!!!!!
It's all tax free in an ISA
Well done , but for this tax year we only get £500 tax free Divi or £1,000 for a joint account.
So it doesn't really make it worth while to go for Divi cash any more and you might as well max the CGT which is now only £3000 each or £6000 for a joint account. Life's difficult isn't it.
Well done anyway.
Today as I said I topped 26440 ITV shares. This is about £900 extra tax free divi. Job done.
And now time to go to real work.
If the SP hold about 74p the minimum drop will be 3.3p to 5p, so I wouldn't be surprised to see 69p ish but I guess we will see. Still holding big volumes anyway for the rise back up to 80p
And when I am reading opinion that someone does not want to pay dividend tax because the free amount in the new tax year has decreased, I can understand that. But I pay my own taxes, knowing that they may not be fair, but they are necessary. In addition, I will be happy to pay 50% tax, if it means that my income significantly exceeds £50k per year. Somehow I don't have a problem with it.
Jedclampit
In my opinion after divi is less than 20% chance that we are able to see a price under 70 pence. Please look at the share's volume at regular time, ...
Like I wrote .. lots of investors have a hope that they are be able to re buy cheap than they sold before divi.
Sorry tom but I don't think she's going anywhere for the next 3 years regardless of what the SP does.
Just look at the free shares is is getting now some 692,937.
Then DSA awards of 469,122 in March 2027, plus ESP awards of 1,891,759 in March 27, now that's a lot of free shares so I guess she will stay regardless. Unless she gets the push then she will probably get a pay off of say £2-3m plus the shares.
It's a tough life for all . Anyway it looks to me like the SP will be stable for the next few days at about 74p then drop to 69p-70p ex Divi and time to top up again.
3.5 million down to 2.9 million and she has a contract that is not performance related.
Summoned to Parliament for knowingly ignorning a sexual predator. Forced to take a pay cut by the owners of ITV.
Dame Carolyn is very much on written warning. One more mess uo and she is fired.
Bazza / Solley. Thanks, I'll tale a look. Can't do any worse than ITV (HOPEFULLY) !!
You've had more than your fifteen minutes of infamy, Tom.
As one of the few, Time's up.
The broadcaster stated that the majority of shareholders supported its remuneration policy but recognized that there were differing opinions among a few.
https://www.thisismoney.co.uk/money/markets/article-13237989/ITV-brushes-pay-concerns-boss-Carolyn-McCalls-earnings-fall-2-9m.html
Do none of you see any change coming down at the AGM? The majority investors have had to wait a year since Schofield debacle and they are clearly not happy that the CEO thought she could continue to help herself to 3.5million.
I am usually the one saying get out of here for the summer. I just keep on believing that somebody has to sweep the cronies at the top out.
Have a look at Lloyds bank
Have a look at HVO, they are announcing their results tomorrow which will include a dividend.
BOL
I took out around £15000 last week as I reached break even. Waiting to get back in after the divi cut off. Just as a matter of interest can anyone suggest another share that I could take a look at instead of ITV for a change ?
Thanks in advance.
Pogo is higher intellect than the average investor or is he?
One more
I think that most of investors are underestimated buyback, which as for myself is slowly but it has a very large impact on the share price. It is both a price stabilizer and protection in the event of greater share price declines, and it drains the share supply market by forcing the price to increase. As I said earlier, I assumed that 20-25 million shares could be purchased at a price level of up to 75 pence. We are now reaching this 20-25 mln of shares buyback level. Although the buyback took a less aggressive form than I expected (and this is probably due to the agreement between ITV and the intermediary), the decreasing supply forces the price to increase. And now ... psychology. Some buyers are clearly counting on a sharp price drop after the dividend date. Moreover, some of them also believe that suddenly there will be a large supply on the market, accumulated at these price levels and over up to £1 several months ago. However, I think that they are wrong in both assessments. In addition, they forget about the issue of inflation, naively believing that someone who bought ITV shares for £1 a year and a half ago, when they reach this price, will willingly and with relief get rid of this investment. I think the opposite. When waiting this long, common sense dictates that profits should be realized at a large discount, certainly exceeding the accumulated inflation. So we'll soon see who was right. In any case, I made exactly what I assumed.