The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Lots of theories about the drop in share price and most with good rationale. From my point of view(and I may be wrong) it’s simply about future direction. The market has already factored in gains related to increased advertising. What is needed is a clear strategy of where will growth be coming from and unfortunately this question is largely unanswered. Until it is I suspect the share will bounce from £1.10 to £1.30. Where I do agree with most people is that even given its position the share price is under valued.
I think that you're both right Janus & Peachy. Although, I do think that this is a massive overreaction by the market. This wouldn't have happened 20 years ago. Today it sadly does. Management will come under pressure if this carry's on. Disappointing to say the least.
Something positive on a bad day.
https://simplywall.st/stocks/gb/media/lse-itv/itv-shares/news/itv-plcs-lonitv-intrinsic-value-is-potentially-48-above-its
175p would be nice Rock considering my purchase price 4 years ago of 177p. The only way I will ever recover this loss is to keep banking the dividends, my average price now including dividends already banked is 160p. I could average down. I either need a takeover or be patient and keep taking the dividends. It's only a paper loss until I decide to sell. I don't need the cash so I will hold on. ITV not one of my better investments it has to be said.
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.
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
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.
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 held IAG but sold it today as they are reporting tomorrow.
Didn’t wont a third hit!
It will probably rise tomorrow?
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 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.
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.
ZERO short positions in ITV above 0.5%
The fall is also on low volume during the day.
Frustrating!
But like you I will just hold.
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
Agreed - or hold and top up in the dip.
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 !
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.
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.
A good chance of what?
Sorry please clarify.
Thanks
Sorry that question was for 5eightsaccount?
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.
“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.
"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.