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ITV are about to put an exact price on this within 18 months. If people are prepared to pay to access ITVX then we will know exactly when subscriber numbers are released! To head this off a bid for the channel from someone with deep cash pockets (Amazon) could take the lot and make money every year from the ad sales. The ITV studio part would also have value. ITV will always be a profitable business, Amazon money could bring some sports rights back to the channel. A Liberty bid could bring F1 back to terrestrial. All possible! Would Amazon want to run a TV channel??? They brought an entire Film studio so why not!
I am genuinely gutted for people who invested heavily at the higher prices we saw years ago. I struggle to see how we can recapture those prices particularly with the rights issue. If you just got in on recent lows well done, we should see 120s soon.
Let's be honest talk of a bid FOREVER, but we are cheap and have been for a while. 160 seems low but many shareholders would take it, it's double where we are now! I could see Netflix or Amazon purchasing for the back catalogue of programs, then perhaps selling the broadcast side to another party. If ITV brought Chan 4 that combined back catalogue would have immense value to Netflix or Amazon Prime. I don't tihnk they would want to be bothered with the broadcast side of it. We always talk Liberty we are a cash generative busines with a shrinking debt. A cheeky 160 bid to test the waters, who knows, but all this talk has been going on since we were over 200p
Not on the volume that these shares are traded, we are not some AIM junior miner with a headful of dreams and the remote chance of a BFS (hello CNR) We are unloved right now for whatever reason. The Algos must hate us for some reason. Now what to do as I am perilously close to breakeven here, losing all the gains from last year. Do I stick or twist, maybe ride IAG to 175 or ITV back to a quid. Even RR could be back to 130 before this dog is finally shot.
This share price is shocking, and it's not becoming increasingly hard to not let the mind wonder towards WTF has gone wrong! XOM have doubled their share price this year CHEV and OXY have had similar run ups and that was BEFORE $100 oil. Is the FTSE that unloved? has the "green agenda" really spooked the markets that much? With the amount of buy backs going on this really should be higher. I think a bid would not be a shock if this continues. 500 a share? Anyway, let's try to stay positive while I mentally will GLEN back to 300.
BP has lagged everyone, producing oil or involved in oil. Looking at some oilers in the USA, anyone even remotely touching oil are currently sitting at all-time highs. We presume BPs time will come. Obviously there is an opportunity cost to having your money tied up here, particularly as I could have ridden GLEN to 509 then got back into BP for another ride up (we hope) who would have expected that outcome at 120 oil? I don't think its gone unnoticed that BPs price is not considering the oil price, if it stays that way for longer I'd expect activist investors to make some waves. A bid from a super major? give it another 2 quarters of sky high oil and a languishing share price and anything is possible. Don't expect the government to step in. I'm going to hold and hope Glen runs out of steam so I don't keep thinking how I would have spent the 10K I would have made holding them to 500. Come on BP I still have hope.
We are gonna end flat or down again. Glen is now at 509 we were at the same level last year. Honestly did not expect to see this. So now we’ve got to get to 509 just to justify the opportunity cost of sticking with this. Unreal. And I’m still in a small profit if I’d got in at the 500s I’d be really annoyed!!!!
What's tough is taking the **** out of THG shareholders thinking the UK's WeWork is going back to 500 while the most profitable FTSE 1000 company bounces around like a ****ing AIM share. Gonna buy 10000 worth of ITV and ride that to 100, should have brought at 69, but I'll still take the 20p oh and 10K of IAG and RR as the only way is UP!!
Down again, this isn't an AIM share, yet it does feel like its being played like one. Could have made 20p in ITV over three days this week. Yet stuck around here sniffing the glue and using up all my hopium, if we don't finish green, I'll hit ITV for the recovery to 100. Yet again we may have seen March lows and it could be onward and upwards for all shares.
I think the prospect of a windfall tax disappeared with Rosneft. There will be public pressure, but BP will work out a decent PR strategy between now and next results. Perhaps we'll see increased investment and commitment to Green energies. I've said it over and over highly cash generative businesses such as BP are THE best placed people to invest in Green energy. As for a takeover....If we wallowed around 330 for the next year, and are offered 500, who wouldn't take it? I think it's HIGHLY unlikely, particularly as yesterday's rise showed that finally Mr Market may be finally waking up to the fact that we will be the most profitable FTSE100 company in the next couple of quarters.
The way oil is going right now we’ll see it by April. Crazy run ups in value of small cap oilers this past two weeks. And did you see Nikel prices today? Worlds gone mad. 95million volume here today usual is 50 and we finished almost at the highs of the day even after Germany knocked back the oil embargo. Could be a crazy week for BP we saw it six weeks back sprang from 340s to over 400 is 10 days. That was on lower prices and only a hint of Russia. We are now in a full blown commodity crisis. Forget Rosneft this just got real. Good luck all.
We're up, but for how long and how much? Some decent, sensible debate here over the weekend, better than last! I follow a few Oil twitterers and their consensus seems to be that Oil was hitting $100 War or not this year. Multiple years of low prices coupled with underinvestment in new fields was leading us towards a crunch. For every EV on the roads in the West, four ICE engines hit the road in the East, China and India are still pulling people out of poverty. Another consensus seems to be that Oil price demand destruction is still higher than where we are now, in fact inflation adjusted we are 30% under the last peak oil price in 2008.
I guess is means nothing for BP right? after all look at our SP. What I am saying is $100 oil is here to stay, it will offset the Rosneft loss, and will give us ample money for divestment into Green energy. I've made the point before, who better to lead this Green charge than a company FLUSH WITH CASH.
But our share price? We need a divi raise, perhaps we'll hit 400 again this month, but a sustained rise where big institutions come back to us, they want to get paid! Rosneft loss needs booking, a politically convenient timing next quarter to avoid more talk of windfall taxes. Let's see. I'm sticking with this for now.
I was torn between this and GLEN when both were in the mid 300s. Unbelievably GLEN has turned out to be the better bet, it's absolutely ripped this week. I do see 600 if these Oil prices are sustained, but DAM!!!! gutted to have missed that GLEN rise. Come on BP pay me!!!