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Time to back to basic. That means to ITV shares price. Judging by the upcoming ITV price close and my conclusions from Friday, was I right that another player has joined the game, or the current one is significantly increasing his position? It's probably worth taking a look at today's order statistics and buyback amounts after the session.
Revshep
60 years investing...
Hm, another lovely inwestor. Are you from Tom's family?
No offence. Lack of knowledge is not a shame. However, the effects of portfolio fragmentation are easy to check.
An extensive stock portfolio consisting of a dozen or more companies is a big mistake for investors. It is also, in fact, an admission of one's ignorance, lack of understanding of the market, ignorance of market trends or lack of knowledge to determine them.
POGO old Warren Buffett and a bunch of other Billionaire investors have been doing it all wrong. No two successful investors are the same, your the ignorant one! But good luck anyway, on your quest!
Afraid I cannot see your argument. Do unit and investment trusts only invest in 3-4 companies? I was always taught that to invest wisely, it was better to invest in serveal different companies and in different sectors of the market, to speard ones riak and to get a blanced portfolio. I must have been doing it wrong all of these 60 years that I have been investing?
An extensive stock portfolio consisting of a dozen or more companies is a big mistake for investors. It is also, in fact, an admission of one's ignorance, lack of understanding of the market, ignorance of market trends or lack of knowledge to determine them. This also means an increase in average costs and a lack of practical understanding of the situation of companies whose shares are part of our portfolio. It also makes management and making effective investment decisions difficult. A small or medium-sized individual investor with capital below £1 million should focus more on the market segment he or she selects and understands, limiting the portfolio to a maximum of 3-4 companies. Splitting the risk among many companies is, above all, hiding one's own losses in their multitude and not a way to gain profits above the market average. This may be an effective psychological defense of our ego, but certainly not the value of our wallet. Describing selectively imaginary profits, although perhaps exciting, is ridiculous when we compare the value of our entire portfolio. Well, but of course we blame everyone but ourselves for the losses. This is a minor digression from the discussions and descriptions conducted by some people. As for me, my stable portfolio based on ITV brought me almost 9% profit this year and several percent from this year's investments. I'm satisfied with that.
Then the local trolls will be silent for a few weeks, only to return to the glory of those who made purchases below 60 pence, love the CEO and are triumphant today, unlike the local investors and plebs.
Pogo or Puggled! when are due back on the Planet Earth? What a stupid post, you have ITV owing you twice the 60p you wish was your stand in price. From 200p to 70p is the real world!
BigEgo
We have a very low volume today, just about 700k shares.
It will be interesting to see how the share price behaves on the end of today and tomorrow, especially after the ITV market strength shown last week. There is also the issue of whether buyback will not allow the price increase so that it does not fall below 1 million shares per day. But I think this is rather certain.
I think that both maintaining the weekly buyback volume at the level of approximately 10 million shares and a significant, although slow, increase in the value of shares are the intended and main goals set by the CEO for this process. The growth dynamics will appear when the market dries up, and each positive information will be the beginning of a fire. Then the local trolls will be silent for a few weeks, only to return to the glory of those who made purchases below 60 pence, love the CEO and are triumphant today, unlike the local investors and plebs.
Solley, thanks for telling us that ITV aren't RR, what an observation. ITV's dismal non growth and demise are certainly not a comparison to any other Media company if you think the RR comparison is unfair. Is there another that has been such a loser? How anyone with an investment in this dog can constantly defend the company's lacklustre Board of Directors is beyond me.
Nothing moves the share price and we all know it will stay plodding along until they get shot of the useless Dame who lives in a world where a 6th rate ham actress come faux Princess can sway decisions for a Public company CEO. Talk about the Post Office scandal, what about the ITV scandal where ordinary shareholders have seen their life savings disappear. You are correct Solley. ITV are no RR, but if we liken it to a car, it's more like a second hand Lada with the handbrake stuck on!
BigEgo
Don't try to explain it to trolls. They know their stuff. And your math knowledge is no match for theirs.
It's like explaining anything to an idiot whose knowledge and self-righteousness cannot be overcome by any logical argument or truth.
By "Dividend Zone" I mean the area on the chart between 73.20 and 69.90 where the 3.30 dividend was taken out.
Currently at 70.76 so this represents a rise excluding the dividend adjustment, and therefore holding through ex-dividend day still seems the best longer term approach for non day-traders...
Once it clears 73.20 we are in brand new territory post May dividend... might get a boost... :)
Solley. Has a portfolio of shares bought and sold and has had rr four the last two years .
Cricket will start up soon. The Dame's husband runs and administers a club. Carolyn can probably be found sunning herself in a deck chair with champagne glass in hand for the next few months. Her self appointed cronies will call her if any presenter abuses young runners and she is needed in Parliament to spin bare faced lies again.
On a day like this, with the buy backs and all the potential good news. Plus having one of the best CEO's behind the wheel, backed up by a highly experienced board of directors, you'd expect the SP to be flying.
I must be missing something. Maybe its because the CEO is a dud, just like her team of parasites feeding on the fortunes of ITV.
If only Solley had had the good sense to put all his ITV money into Rolls Royce he would be laughing. Sadly he fell victim to his and other die hard holders spin. This share is a dog and yet Solley comes on here and gripes about the people who find fault rather than telling us all to switch to RR.
Itv is not rolls Royce I bought Rolls at 65 and they as you know have done well better than all as it happens but can you regard all the other shares that have not equaled there performance in the same way you are regarding ITV
Will sell if I ever reach at least a 20% profit which is near 88p
May 9th is ITV's Q1 trading update day. IMO the Disaster prone Dame has to come up with a rosy statement or she's toast. ITVx is doing great streaming number, the Studios are doing well, so why is the share price stuck solid around a lowly 70p. Nothing moves this stock, ok advertising is down but ITV aren't just advertising are they? Time for a management cull at ITV, it should have happened a long time ago, but they just trudge on and on with this inept BoD who never utter anything to the long suffering shareholders. This dog with fleas is the worst performer in my 16 stock portfolio. Best performer RR who in February 2022 was standing at around 100p the same as ITV, last week ITV 68p RR 400p..........now someone tell me that ITV isn't a dog with fleas and Dame Woke should be fired ASAP!
Indeed. IMO, the buy backs will probably provide a fairly good floor until the next update, but on fundamentals, is this currently 'cheap'?
I do not think it is seriously frothy myself, but neither is it a steal, lol!
It might turn out to be, depending on future performance of course, but then how much more will the BOD cream off the top in such an event?
None of which means the SP will behave according to fundamentals, which is good for traders, if not necessarily long term HODL'er investors. GLA.
"I've been holding off, but I think it's probably a reasonable time to consider a top-up". thats what i thought when it dropped from £1.40 to around £1 with over 700 mill in the kitty and massive assesets then a big hungry kitty turned up and she has blown it all away , just saying
ITV transformation is working.
A ‘deep restructuring’ at ITV (ITV) means that the broadcaster’s earnings are moving in a different direction.
‘ITV results led to significant consensus upgrades as solid results from ITVX and studios were compounded by the announcement of a transformational cost savings programme and the accretive effect of a £235m buyback using proceeds from the sale of its 50% stake in Britbox International to the BBC,’ Costar said.
The results highlighted a ‘marked change in direction for the earnings profile of the company’, said Costar, who added that it also ‘evidences the deep restructuring management has undertaken’.
Consensus is now pointing to ‘higher quality and double-digit earnings growth out to 2025’ but the shares are still trading on a price to earnings of ‘just 10 times’.
The shares fell 1.7% to 69.3p on Tuesday, putting them down 15% over the last 12 months.
*************
I've been holding off, but I think it's probably a reasonable time to consider a top-up.
Well done big ego good to see some one who uses there time writing something helpfull for a change . And to do with ITV.
Calculated As At Last RNS Dated : 19-Apr-2024
Number Of Active Days (count of RNS Buyback announcements) : 26
Available Funds : £235,000,000
Total Number Of Shares Repurchased : 37,683,663
Average Price Paid (p) : 71.40
Total Value Of Shares Repurchased (Using Average) : £26,906,872
Remaining Funds : £208,093,128
Remaining Funds As % Of Available Funds : 88.6%
Used Funds / % Of Buyback Completed : 11.4%
Original Voting Rights Before Buyback : 4,052,409,194
Current Voting Rights : 4,014,725,531
Current Reduction In Voting Rights : -0.93%
* Estimated Total Number Of Shares Repurchased At Completion : 329,122,644
* Estimated Voting Rights At Completion : 3,723,286,550
* Estimated Reduction In Voting Rights At Completion : -8.1%
* Based on remaining funds and current average price paid, will vary as buyback progresses
** Estimated Completion Date Assuming Current Velocity : 25-Jan-2025
** Based on current average shares repurchased per day, will vary as buyback progresses
I sold today on the bell after seeing news about Israel attack on Iran. Surprisingly Iran did not come up with any retaliating comments. Surprisingly markets picked up. Considering Iran not getting provoked by the Israel attack this time means that it is time to buy back again. I don't want to buy at higher price than I sold but this time I may have to unless there is some nasty news in the weekend.
Monday morning will buy back all that I sold. Wishing for a drop but 70p is fine with me. 80p much before June unless this bloody war escalates.
Pogo is now asking questions and answering them himself on a public message board. Very normal behaviour.
The last line "it will probably become clear very soon" is a dead give away as to the real poster driving Pogo. Our multihandler friend Nigeco is back. Her posting style is so obvious that she uses an AI app to write responses most of the time but on one one occassion she feels the need to reply in person she betrays her identity.
Very funny. Predictions are way off so that is very much Nigeco. She never made any money in any share she owned.
Only 1.3 million from buyback and 1/3 trading volume up to 4.30 (much less like for rest of this week). Still 9.5 million shares in buyback this week. The pressure slowly increases.
And over 2 millions -could it be a new player in this game? I think that if yes, it will probably become clear very soon.