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This is a significant point and does somewhat put a cap on the value of the channel. ITV will struggle to save money AND keep within the remit. They could sell Horseferry road, There are some economies of scale to be had, but not many. It's not like Channel 4 is a profligate spender or a cash cow.
I've not sold but if it hits 340 I'll go back for another 1000. Paying down debt looks like the primary aim here before giving back to shareholders. Fair enough. Divi will be up either first or second quarter next year if oil continues its march higher. Let's not fret today. this isn't an AIM share. It will be back. Either way, I'm still in profit!
Why do you bother with this type of comment? I don't get people on here doing this. 400 Is that person's opinion. If you don't believe in that opinion, then either state why you don't think that or don't bother commenting. This isn't Facebook.
Fingers crossed might cycle some of my cash out of BP into this. I believe it's undervalued and we could see a cheeky bid. This will be 130 by Christmas and higher if we get the divi. CEO needs to go. Need someone with some Pizaaz.
Yup picked up a 1000 more last time it hit 349. There is no reason there is a discrepancy between USA and UK oilers. Just the UK believe it's unseemly to value their companies above their trailing PE :) This will be 360 again soon. Don't panic. And stop with the insults everyone !
Profit taking. We were range bound between 287 and 322 for most of the early part of the year. No reason we now won't become range bound from 360 to 380 even 390. We've established this level for three or four days, which means there are as many buyers as sellers at this price. Once we've flushed, the profit takes at this level it's onwards and upwards. Oil is going to hit 100 not if but when. Once we touch 400, we will see a big blow off again, and we will repeat. This on only going in one direction for the few years. Add in a dividend increase and we could be at 500 before Xmas.
Well, to all those who said we would see 300 before 400 today was FINALLY the day we broke resistance and its blue sky to 400. We've stumbled on our way. I even snagged 1000 more at 349 last week, but up we go. Next results will be a blow out, divi will be raised Green plans will be quietly moved aside. Congratulations to everyone who held through the lows. I wasn't in that early but have happily averaged up over the months.
As an aside why do people get personal here? I am happy to read everyone's opinion. In either direction why do people attack people who think this was going back down. I'm happy to read any valid hypothosis. I don't get the hate towards people with opinions other than theirs, if it's a totally ****e take just ignore it...
I doubt it's going to hit its 5 year highs, that was a while ago and Streaming was not as established. ITV is a great business and makes money, its a steady cash generating business and despite streaming still attracts big audiences. The company does need a kick up the arse, the share price seems not to want to drop below 100 so might top up again around this level. 229 as a fair price, yeah I'd take that.
Is/Was ASOS sustainable in the long run? fast fashion isn't sustainable and their results today are going to reflect they were always vulnerable to supply side cost inflation. BT I sold here at 155 too much debt pension woes, lack of innovation, OFCOM I don't know, but it's a real shame. But look at ATT in USA, their share price has hardly budged in 10 years. Big legacy business just can't catch a break in this frothy market.
I've been stopped out here at 104 , so looking for reentry under 98p. Undervalued for sure. Agree Liberty will want a bargain and at this rate it looks like they will get one! Most current shareholders would take 180 right now! Is it worth more? Yeah probably, but like people who buy AIM mining shares, find out to their cost. Your company is only worth as much as someone will pay you for it, not for how much gold is in the ground!
It's speculation, but I'm not sure a Discovery wants to deal with the Indy remit that Chan 4 needs to adhere to. It's supposed to be non profit, so that immediately scares off shareholders! But a combined ITV chan4 with the economies of scale that brings in all back-end services, sales, promos, news, production. That's a better deal. The only way Discovery pick it Chan 4 up is if the Government changes their remit. As for owning 70% of the advertising market. Definitely an issue, but ITV would say look at our declining market share we need to combine to fight the big boys. We promise to keep the remit intact and save money by closing Horseferry road and combining our teams.
Yeah believe me, it's 12 minutes in prime time. Each breach is 3.40 max in peak time. Any longer and they receive a huge fine that is no joke and has happened in live sport and live over running program such as football.
Channel four make no money. They are not an attractive commercial target. The Government could change their OFCOM public remit, but that means channel four is not channel four and the Indies would cry blue murder and it would put many people out of business. That is not the goal of a Government intent on levelling up. A cushy deal done with ITV with a promise of continuing the biz as is or with a slight reduction in Indy production and/or a deal to allow more commercialisation of the channel would suit the Government and get Chan 4 of their books. Last thing Boris wants is NO offers for the chan!!!! How this helps the share price? Once the deal is done and the cost savings have been made, Liberty or Discovery swoop in for the combined biz @200p a share.