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I think the world and his wife knows the numbers will be excellent tomorrow so true to form I'm expecting GS to mark the stock down at some point either today or tomorrow, so I will be adding a few more whenever they choose to do so.

What's also interesting is that Liberty report after the close in the US tomorrow as well, so could we see the big announcement late Wednesday US time, first thing Thursday morning UK time ???

Its going to be a fun couple of days !

https://www.libertyglobal.com/wp-content/uploads/2021/04/04-19-Q1-2021-Earnings-Dial-In.pdf

This website I find best for historical volume in the ADRs, just compare Friday's volume to the last month or so. It will be interesting to see what happens in the last two hours of trading tonight :-

https://www.wsj.com/market-data/quotes/ITVPY/historical-prices

No problem at all, here's the link again to the action over there in the US. It only gets updated a few times during the day and as of last Thursday the 65 day average volume was just 4.333k !!!

https://www.marketwatch.com/investing/stock/itvpy

Hi mate, the only relevance here was the huge volume traded in ITV in the US late on Friday, when the UK market closed ahead of this long bank holiday weekend. It was a similar scenario during the long bank holiday weekend in August when we saw those huge uncrossing trades as well.

It may be a case of whilst the cats away but as we all know GS like to play games so expect some strange patterns in the share price this week ahead and after the AGM and ahead of any BT/Liberty/ITV football announcements.

Its all ITV at the moment that's for sure !!!!

Well, well, well ! After five consecutive years of doomongering the 'analysts' at the times are now heaping a bit of praise on ITV this morning. Its nothing that we already new but at least the wider audience can now see what some of us having been saying about ITV since August last year.

Lets see what happens in the US later today as their markets are open.

https://www.thetimes.co.uk/article/itv-advertising-sales-rally-with-euros-and-love-island-still-to-come-8lggdnm73

We've seen some strange goings on this week in ITV , not least that on-line 'AGM' meeting on Thursday.

Nice of Sir Peter to comment on the role of GS and Liberty with regards to their respective shareholdings in ITV and for what its worth and after the huge ADR volume in the US last night, I am going with the idea that Liberty/Virgin Media will pay a role in securing some of the rights of Premiership and European football and will use ITV as a platform.

ITV has previously commented that football with the exception of the internationals was too expensive with regards to the budget of ITV but with Liberty and their untold billions (from free QE money) to me this look like a no brainer !

The regulatory clearance of the 02 deal adds further weight to the argument.

Bring on the Sunday papers, you never know we may even hear something positive from the Sunday Times for a change !!!

Don't know what is going on over the pond at the moment but some mad trade in the ADRs this evening :-

https://www.marketwatch.com/investing/stock/itvpy

And now forwarded to a wider audience this morning :-

https://www.tvbeurope.com/business/itv-leads-race-to-acquire-bt-sport-stake

And as an RNS

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210430:nRSd1990Xa&default-theme=true

Here we go :-

https://www.thisismoney.co.uk/money/markets/article-9527229/ITV-leads-race-buy-BT-Sport-talks-kick-off.html?login

Lots of ITV action today and to round things off quite nicely, ITV are in talks with BT with regards to bringing back Premier League football to the channel.

With Liberty tidying up some loose ends this week and the recent O2 -Virgin Media deal being cleared, looks even more likely now that Liberty will get the cheque book out in the next few weeks.

For those whom missed it, here is the replay of the AGM this morning. Its about 25 minutes long and shareholders questions are taken from 14 minutes in :-

https://vimeo.com/543104653/69e609addc

Well someone excitable picked up £5m worth of shares late this afternoon ahead of next week !!

I also watched it and to me it felt very scripted. Nothing that we already knew and as I mentioned before a line in the sand was drawn after last years numbers.

The 1st Quarter statement next week will be a lot livelier that's for sure !!!!

As per the proactive investors website this morning :-

11.36am: Broadcaster lifted as UBS raises target price

The FTSE 100 has picked up the pace a little, now up 21.61 points or 0.31% at 6966.58

Meanwhile the mid-cap FTSE 250 is marginally outperforming the blue chip index, up 92.12 points or 0.41% at 22,525.2.

One of the major risers here is ITV PLC (LON:ITV), up 3.18% or 3.7p at 120.25p.

Analysts at UBS have raised their price target from 125p to 135p on the back of improving advertising revenues.

A suggested £200mln valuation for joint venture Britbox would add another 5p to the target price.

UBS said: "Our monthly Media buyer survey indicates April momentum is likely to continue into May and June.

"ITV at their full year results indicated while the first quarter 2021 TV total adverting revenue was expected to be down 6%, April was up 60-75%. Channel checks suggest May is likely to be up 78% and June 80% resulting in 75% in the second quarter, with Media Buyers citing an increase in Auto, Retail and Food & Beverage spend.

Note May 2020 was down 46% and June 2020 down 42%. In full year 2020, Media buyers now expect TV total advertising revenue to be up 10% to 18%. Consensus is currently up 8-9%."

After the impressive numbers from WPP this morning and the follow through to ITV's price this morning, tomorrow's ITV AGM could be a lively affair. Its being conducted on-line as after the full year numbers and questions are invited to the board via on-line or by email to groupsecretariat@itv.com.

Questions have to be in by 5:00pm today but shareholders can access the AGM live tomorrow and ask questions live on-line, just go to the ITV AGM link on the main website and details are on page 9.

Lets get those questions in team !!

Courtesy of Companies House UK, Liberty Global Incorporated changed their name to Liberty Global Ventures Limited on 30th April 2020.

Well that at least explains that bit !

Here's the strapline on their website and bearing in mind their 'holding in ITV is valued at around £500m this morning :-

Who we are:-

Liberty Global Ventures is our global investment arm with historical investments in over 55 companies in content, technology, internet and distribution. All our investments are scalable across international markets and deals range in size from $5m to $30m.

YES $5m to $30m !!!

Now pull the other one !

Looks like another case of 'spot the difference' ! Here's the RNS from 31st July 2015 when Liberty upped their stake in ITV to 9.9%, the beneficiary back then was Liberty Global Media whereas the latest RNS states the beneficiary as Liberty Global Ventures :-

https://www.lse.co.uk/rns/ITV/holdings-in-company-pu1pqbv799iz9dr.html