Wot no Sunday Times article ????7 Mar 2021 17:42
You can't be serious, you mean after six years (which coincidentally was when GS started shorting ITV around £2.80) there isn't a 'well informed and knowledgeable' post from our Love Island team at the Sunday Times today??
What's even more bizarre, is that there are around 25 banks whom supposedly 'analyse' ITV and not a single column from anyone this weekend, oh apart from some numpty at the Guardian whom took it upon himself to post Marshalls alleged short position from December/January (good to see the he's well and truly up to date, good grief !! ). And just to add that he decides to publish it on the weekend before the full year results, someone else has a hidden agenda here by the looks of it !
There is a nice article however in the FT but it does look to me that GS and ITV are now very much keeping a tight rein on things now , the last article from the Sunday Times was back in January and a few days later GS announced their last and final RNS holdings disposal of ITV shares. As I mentioned on here a while back, I'm sure we'll see where all these shares have finally ended up within the next few months .
We did have that front page Britbox article in the Sunday Times alongside the Covid-19 story some time ago as well, who would have thought back then that both of these stories would share the front page of a leading national newspaper !!
Anyway, back to ITV shares , they peaked at £1.20 this week, the day after that chaotic FTSE re-shuffling debacle, which is slightly over a 100% return from the August lows and the price of all those huge uncrossing trades that month and early September last year.
With numbers out on Tuesday, there could be some profit taking before the next leg upwards, but the market will be mindful not to drag the stock too low, it doesn't want to attract huge new buying interest. It will undo all that client fleecing it managed last year from £1.50 down to 50p and that after GS recommending ITV last May as a buy to all their 'carefully managed fund' clients with a target price pf 96p no less !!!
The last thing GS and the rest of the market want right now is a plethora of new buying interest !!
Bring on the fun and games !!!