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Yes, yet more good news for ITV, hence why the stock is down again today :)

https://www.proactiveinvestors.co.uk/companies/news/952639/itv-tipped-as-winner-as-ad-market-roars-back-952639.html

C'mon Nige, this is how the market works or more to the point, this is how GS works !!!

:)

Its lunchtime again, no-one is watching as everyone will be too busy with the tennis or football. So its a good time to wash through a trade of 4,740,159 @ 129.23 !

Nice work (GS) !

Ok, we all know that ITV enters the FTSE on Monday, or should I say re-renters the FTSE on Monday and we are starting to see some game play since yesterday. Trades of 2m @129 and 3,983,737 @129.12, were reported yesterday and this morning trades of 2m @ 129.40 and 1,738,000 @ 129 have already been reported.

No doubt we'll see more of this over the next two days and maybe another huge uncrossing trade tomorrow.

Nice.

With Love Island officially launching on Monday 28th June and with record launch viewing figures no doubt, this is an added bonus :-

https://www.thesun.co.uk/sport/football/15293179/itv-double-bbc-euro-2020-goals/

Ah, this is much better and its FREE !!!!!!

https://uk.newschant.com/business/streaming-clampdown-to-boost-bbc-and-itv/

Before the grammar police turn up, yes it should read 'glean' , thank you !!

As per Rock's earlier post, there is an article now on the Telegraph on-line platform but behind a a paywall although I think we can all gleam exactly what is being conveyed, albeit some of us on here !

https://www.telegraph.co.uk/business/2021/06/14/streaming-clampdown-boost-bbc-itv/

Yeah, strange that everyone seems to think something untoward is happening over there in the ITV ADR market. Just think the average 65 day volume before 30th May 2021 was 4333 ADRs and here we are some six weeks later and over 7.5m ADRs traded in that time with the 65 day volume average now at 139, 543 ADRs.

Looking forward to your second post on ITV, it will be another belter no doubt !

Good grief !

Looking forward to yet more fun and games this week, the market may step a gear or two ahead of ITV 's official entry into the FTSE next Monday. Good volume in the ADRs again last Friday although we are continually told it means nothing (yeah right !) and whilst ITV ADRs made the top ten of unusual volumes in the US again, it also made the list of open short positions over there in the US.

And before the doomsters get excited, take a careful look.

Bring on the fund and games !!!!!!!

https://www.marketbeat.com/short-interest/short-interest-decreases/

..........or maybe some huge volume in the ADRs (don't worry everyone too busy with the football tonight so won't be paying too much attention !!!)

Oh, just the 500,000 ADRs traded so far !

It probably hasn't gone unnoticed by some of you, the lack of volume this week in ITV shares and bearing in mind the stock goes back into the FTSE next Monday 21st June as we all know.

We had all the naysayers last year saying that as ITV was being kicked out of the FTSE the whole world and his wife was dumping stock over the Summer, culminating in all those large uncrossing trades.

I just thought I would list a comparison of the daily volume in ITV shares this week, compared to the same week in June last year, the same week that Goldman Sachs upgraded ITV to a buy from 88p to 96p

June 2020

08/06 23m
09/06 24m
10/06 22m
11/06 20m
12/06 37m

and this week June 2021 :-

07/06 5m
08/06 9.5m
09/06 5m
10/06 6.3m
11/06 ????

Who would have thought that ITV was going back into the FTSE on that data alone, maybe we may see a huge uncrossing trade later coupled with some monster after hours trades ????

Well for our analysts at the Times newspaper, not long now team !!!

https://www.theretailbulletin.com/health-and-beauty/boots-becomes-official-feel-good-partner-of-itv2s-love-island-11-06-2021/

We're on our way team !!!

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210610:nRSJ4263Ba&default-theme=true

Looking good team, no dramas here !

:)

Closed at yet another year high.

So much for the profit taking !

:)

Cast your mind back to the day of the annual results 9th March 2021, excellent results from ITV considering that terrible 2020 and a rather bullish forward looking statement, the stock closed at around £1.27 give or take on the day.

Two months later and with some much good news about ITV and the year ahead, we are just 2p higher !

Profit taking, well I'll leave that to your assumption.

Solley, the market wants stock badly and especially before Monday 21st June when ITV are back in the FTSE when all those index funds will need their allocations/weightings if not already in that is. The question is where do they get stock from as no-one is selling as I mentioned a few weeks back.

We had all those numbnuts on here last Summer saying that the reason why there was so much volume back in August, remember all those large uncrossing trades (some 1bn shares changed hands ), was that the MSCI index was re-balancing as ITV was looking to fall from the FTSE and they were dumping stock. So on that basis it means then the MSCI index will be looking to buy back in, yes ?

Well yes but guess what, all that stock and more has gone into Dark pools, sundry accounts, off-balance sheet ledgers etc. and won't be airing any time soon, so where does all these FTSE tracker funds get their stock from as no-one in their right mind will be selling ??

Its time for the big tree shake !!!!!!!!!!!!!!

My post was a continuation from Sunday's post, hence the same posting thread title !

(smack forehead........geez !)

And here's a snippet from the AGM statement this morning, i.e the 'money shot' !

'As the global economy snaps back from the pandemic and opening up and vaccines
kick in, trading for the first four months of 2021 has accelerated strongly,
with reportable revenue up almost 90%, compared to 71% for Q1. Reportable
gross profit or net revenue was up almost 84%, compared to 71% for Q1. Both
revenue and gross profit or net revenue like-for-like growth rates accelerated
markedly in April. We do not have our May figures as yet, but early
indications are that May will be similar to April and that in June, the
pipeline continues to be robust. Tech clients, which constitute over 50% of
our revenues, are still generally outspending CPG/FMCG, pharma and retail
clients, but all verticals exhibit robust activity. At the beginning of the
year, the Company's third three-year plan, as with the previous two, called
for a doubling of the Company organically between 2021 and 2023. This targeted
organic gross profit or net revenue growth of approximately 25% in 2021. After
the end of Q1, in light of Q1 performance, guidance was raised to 30%. In
light of the acceleration in Q2 and the Company's Q1 Revised Forecast that has
just been finalised, guidance has been raised further to 35%.'

Get ready for the advertising upgrades !