ITV Share Price (ITV)

Qube opened new short position yday May 9th and we are up by 2.2%! So all the sold shares were absorbed by buybacks? If this is the case then I think Qube should close it soon?

And finally, to the trolls here.

It hurts more that you don't earn money or that others do.

Help me count. How much is this in one shorter week?

6.3 pence x 291500 shares

I am happy with this amount, although I count profits or losses after closing the investment. For today, it is just a record of the valuation on the account.

All we can do is wish trolls a happy weekend.

I have my point of view at ITV. Some of my opinion are more ore less optimistic, but they're always forecast. We all depend on external conditions that can be predicted, but also on extraordinary events that we have no idea about. And this is something to remember. However, I believe that, apart from great optimism, most of my forecasts come true, even with a certain delay. ITV needed a specific impulse to shares price grow. I have long predicted that the results for the first quarter of 2024 and the forecasts I thought I would hear would be such an impulse. And the last two days have proven that I was right. Also in that I gave up on stupid discussions with trolls, pointing out that in a few days we will find out who is wrong. Time will tell whether I am right about ITV's future valuation at the end of this or 2025 years. As well as predicting the dynamics of increases at specific price levels in connection with specific events. I will be glad if someone reading my thoughts and maybe even uses my free advice.

In a non-recessionary market, both ITVX and Studios should be generated at least 2-3 times higher revenues. With projected profit margins, the value of ITV as a whole could then easily be put in the range of £5-7 billion. And these are the optimistic forecasts of some analysts, as well as my own. The market is always pricing in the future. Merely entering the FTSE100 index means an increase in the company's value by 10 to 20% in the long run. And this is where the valuation of £1.2-1.5 quickly comes into play. If the company maintains the dynamics of revenue growth at the announced levels, in 2025 its valuation should increase at least three times from the current level, around 75 pence. The upward trends of the current cycle in the UK economy should continue until at least 2027. This bodes very well for future earnings and dividend levels going to shareholders. Of course, all this is a matter of time. But today we are virtually assured of a sharp increase in revenue and profit levels until at least the second quarter of 2025. This will be reflected in the market valuation.

I have already talked about the issue of a possible takeover in the past. It will not happen without the consent and active support of the largest shareholders. This will be realistic for me at a price above £2 per share, strongly supported by current revenues, growing profit and forecast dividend. And this may be possible already in the third quarter of 2025, provided that the company's optimism is fulfilled and external conditions do not delay the entire process. We have a couple potential buyers on the market. If ITV lives up to expectations, others will probably follow. Anyway, it's worth the wait, I guess.

So my optimism results from specific facts (I discussed some of them earlier and omitted them here) and I think we are well on our way to making it come true.

If ITV were an American company listed on the NASDAC market, its valuation today would have long exceeded £2 or £3 and no one would be surprised. From the UK perspective, we know that it is cheap, but we still think that it should and must be so. For me, this is a picture of the immaturity of local investors who wake up after their companies are taken over by others for next to nothing.

Carrington

Time will show who of us was right.

I think that sooner as many people predict.