Member Info for 5eightsaccount

No, I'm not talking about April Fools day (I think he's long gone from here !) but cast your mind back exactly one year ago to the day and guess what, Goldman Sachs upped ITV to a 'buy' after shorting the c**p out of the stock alongside Marshall Wace, from around £1.50 at the beginning of the year pushing the price down to just below 50p on that day of 16th March (Lockdown #1).

GS then re-iterated their 'buy' recommendation again in May 2020 and then for three months beginning in June went on a massive shorting operation again with MW which by their design got ITV kicked out of the FTSE and saw a lot of funds dumping ITV shares, around 60% of the company shares were traded over the Summer, a lot of which are still unaccounted for ??

So with the stock now doubled from August , the recent numbers defying all expectations and the road ahead looking rosy, why the silence, or do we have to read between the lines again for the umpteenth time ??

https://www.***************************/itv-plc-53-potential-upside-indicated-by-goldman-sachs/412810790

Here it is to download and print :-

https://www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210401-otc-investor-presentation.pdf

Forgot to mention the bumbling Biden's €3trn stimulus plan scheduled for tomorrow afternoon as well.

More FREE money which the markets will like but will hate it come the third Quarter onwards later on this year !!!

Viacom and Discovery moving up nicely in early trade over there, no surprises really.

A bit of a tail wind should see us move up nicely for the rest of the week, fingers crossed !

I'll have my buying boots on if the market wants to call the shares lower again in the morning. No alarm bells here, let the US do their thing, it wouldn't surprise me one bit if all those stocks rallied by the close tonight !!

GS will only call the stock down briefly to weed out the last of the shakey holders and also the profit takers since the numbers on the 9th and then normal service will be resumed ! Don't forget they're masters at this 'cloak and dagger' trickery, so expect a lot of games over the next week or so !!

Just touched the year's high this morning and that's 150% plus since the low of March last year when GS and Marshall's shorted the hell of out of the stock, so we may see the stock stall for the rest of the day.

And hopefully this post will remain on the main page of this bulletin board, as my last one isn't !!

Are the boys with the dark glasses up to their tricks again ???

Well team, yet another quiet day in the markets for shares in ITV and once again it looks like the market maybe planning something for either tomorrow or next week.

Why do I say that, well because cast your mind back again to that last trading day in August last Summer ahead of the long bank holiday weekend and we saw that 286m share uncrossing trade, followed by a few more large uncrossing trades in the week after.

All executed during the last weeks of the Summer holiday lockdown when no-one supposedly would have been paying a great deal of attention to the markets and ahead of schools re-opening the following week.

Now fast forward to next week, its Good Friday on the 2nd April, followed by Easter Monday on the 5th April. This financial year will now end earlier than usual on Thursday 1st April and the new financial year begins the following Tuesday on 6th April 2021.

So expect a lot of stock rebalancing, re-positioning etc in the next five days ahead of the new financial year and maybe tomorrow or next Thursday we might get another mad uncrossing trade in ITV ??

ITV also registered its year high on the 9th March, the day of the annual results but has hardly moved since, a few pence here and there but no major shakes as in previous weeks, is it being purposely held back once again ??

So what does GS and their mates do now is the question ? We've already seen that they don't want ITV back in FTSE (look at those charts of Weir Group and Renold Group on the 2nd and 3rd March ahead of the last review) and there are funds now looking for value for the next financial year. ITV has already been talked about as a recovery play in 2021, but some of us on here have already known that since last Summer !!

So if GS call the stock down, there will be plenty of buyers (including me) so what will they do now ??

Its going to be an interesting few days until next Thursday that's for sure !!

https://deadline.com/2021/03/itv-ceo-carolyn-mccall-pay-cut-bame-representation-1234720791/

Talk about timing !!!!

https://advanced-television.com/2021/03/24/nationwide-to-sponsor-england-football-on-itv/

With the UK finally opening up (hopefully) albeit on a staggered approach, there is now talk that the last couple of weeks of the English Premier League football being played to live crowds. Now all being well, this leads us on to the Euros, with Germany, France and Italy being in new national lockdowns, Boris Johnson has previously mentioned that all the games in the Euros could be played in the UK this Summer if the rest of Europe is still in new national lockdowns.

If this turns out to be the case, there will be huge advertising, additional live games on TV channels and not only that as it is the Summer and depending on how the UK treats visitors coming into the UK, there could also be huge revenue with regards to travel companies, flights, accommodation etc. Yet more advertising revenue !!

I also think that there will be a concerted effort by the BOE and the city to sell the £ versus the € come the Summer if this is the case, to attract even more pounds into the UK and I reckon the rate could fall to around €1.09 -€1.10 to the pound.

Lets see.

Something for the ITV purists on here..............onwards and upwards !

https://finance.yahoo.com/news/itv-leverages-stardogs-enterprise-knowledge-134700712.html

Its Friday, end of the week and an uncrossing trade of 9.2m shares. Nothing to get too excited about.

Good weekend all.

Keep a close eye team, its a very quiet day in the markets but ITV seems to be attracting some strange goings on ???

No but seriously, we know ITV implemented all the important protocols to get I'm a celebrity to our screens last year which proved a massive ratings hit and with all systems go with Love Island this Summer and a load of advertising revenue coming ITV's way, now take a look at this :-

https://deadline.com/2021/03/itv-studios-im-a-celebrity-get-me-out-of-here-castle-poland-1234712158/

Like him or loathe him, whilst dividing opinions Piers Morgan has certainly kept people talking about ITV after that car crash interview on Monday. Even after his exit , the rumour is that he's being lined up for a return to BGT in replacement for David Walliams as Simon Cowell wants to freshen up the programme. So Mr. Morgan can't have upset the ITV directors that much then, did his marching orders come from somewhere else ???

Anyway, I thought this was quite funny which was sent to me this morning (I know its a quiet day, thank you !) :-

https://twitter.com/jennerific713/status/1369727656229564417

I mentioned last week that after the figures we should see brokers upping their price targets. Ok, I agree on the face of it, it doesn't really count for much especially as many of us on here have been long and strong since August but hey at least the wider market is now waking up and smelling the coffee !!!

https://www.proactiveinvestors.co.uk/companies/news/943475/itv-target-hiked-as-barclays-eyes-2021-advertising-recovery-943475.html

Traded a few yesterday and picked up some more this morning.

Keep calling them down I will gladly keep picking them up !!!

March 9th shall be called 'ITV day' !!!

My goodness me we have had everything in the last 24 hrs, those two from last night and the subsequent backlash across the world, Piers Morgan storming off the Good Morning set and then later resigning, annual figures defying all the doom and gloom and ITV being splashed across all the papers and being talked about on the BBC, SKY and all the US networks.

And the stock touched its year high today !!!

So much to discuss but not enough time, but if you want to see how much ITV coverage across all media today was, just click on the link below and see how many different stories have been printed just today.

According to this website, there have been 15 news items about ITV today, really............

https://www.newsnow.co.uk/h/?search=itv&lang=en&searchheadlines=1

Remember that diabolical movement in the shares of Renishaw to get them promoted to the FTSE ahead of ITV, i.e. they gained about £1bn in market cap in a day, now look at the shares !!!

They've lost it all and are trading back to where they were !

Of all those companies 'potentially' promoted to the FTSE announced last week, only Sainsbury and ITV are now valued at over £5bn !

At this rate, you never know but you just may see £1.50 by the end of this financial year i.e. in the next few weeks !