We seem to have wound the clock back 5 years and are back in 'jam tomorrow' land. Meanwhile management have been highly rewarded. But at least we have Fincap targetting £13....that takes some doing.
Amobee purchase doesn't appear to be helping at the moment, but I suppose it keeps them busy.
If there are any other potential bidders then this is going to smoke them out. Apollo have probably suggested that their maximum 'cash' offer is 237p. So a new bidder could swoop in and snap it up for a little over 250p (unless Apollo significantly raise their offer).
Andy, are you in the process of changing tune?!
would be nice to hear something a little more uplifting.
Sid, I am sure some some people have tried it. Quite difficult to consistently come out ahead. Probably easier with some stocks than others. I would be interested to find out the difficulties or successes they have had. If it was easy then everybody would be doing it. Also rather defeats the point of owning shares that can appreciate in value. There are always ISA's & SIPP's for a tax free haven.
Probably easier to invest in an income generating fund, IT or ETF (I'm guessing)....which may achieve a similar thing for zero headache.
DYOR...sorry about the guesswork.
I suppose the obvious question is "What does the next 10 years hold for BARC?"
- The last 10 years have been low inflation, low interest rates and continous series of 'alledgedly' illegal activity by Barclays. Perhaps with a more beneficial macro-economic environment for banks Barclay wont feel obliged to operate at the very extremes of legality. Perhaps it will become a long term investment instead of a day trading dream. Perhaps!!....although I suspect it is written into the DNA of Barclays that they like a frontier wild west banking system.
The ramping - analyst recommendations(!) - I was thinking about happened in August last year just prior to the half-year results....an excellent selling opportunity as it turned out. But I guess part of that was Truss induced car crashonomics (it was almost ineviatable she was gonna messup bigtime).
Buying before the results next week. Perhaps someone knows something we don't. Although I suspect it's a well rehe****d pattern.
Last year there was 'almost' a concerted effort to ramp the SP. Not sure if it as clear cut this year.
A smart business suit doesn't make you a smart business person....quite the opposite to me, a slick suit rings alarm bells. Better they wear a baseball cap & talk sense IMO.
I wonder if the speech at the beginning of the week from Rishi promoting Northern Ireland as the best place in the world to run a business from really helps UK companies get investment. Rather highlights the fact that the rest of the UK is going to struggle with our post Brexit arrangements (unless they are renegotiated on similar terms to NI). Obviously the 'answer' is for everyone to move to NI....it's gonna be a squeeze but I think we can do it!
Looks like someone forgot to put ex-div date into yesterdays report. I blame Dame Carol!
Nige, thanks for the post. Good sound logic. You timed it right. Sounds like you spotted an opportunity to change ship and it has worked out very well. Takes a lot of guts to do that. Glad it has gone to plan.
Sir Martin has a big ego (no harm in that probably) who pays himself handsomely (again no harm if he delivers). Buying at SFOR peak and seeing it drop to circa 120p would have been a shock though. But you wisely spotted the opportunity and grabbed it with both hands.
Nige, you seem to have gotton the SFOR bug in July 2022 - your Damascus moment. What made you become a SFOR advocate?....were you watching them before their trading update that caused the SP crash (a very similar to ITV's crash imo).
Nothing better than having skin in the game to make one positive on a share. Probably explains why some people flip flop from positive to negative on the press of a button between buyer & seller (which is what Tom is being accused of....if I understand things correctly).
Not having a go really, just interested in investor psychology.
NB. Personally I always buy at the trough & sell at the peak....funny that!!
Hard to know what COA are really worth. They seem to be on an upward trajectory. A solid investment indeed.
"But compared to other companies that pay better dividends, the ITV share price isn’t that cheap."
========================================================
I was thinking 'exactly' the same thing....for different reasons. ITV is now a 'penny' stock and a prime target for day traders, so to some extent ITV are buffeted by the whims of the day trading community. Fair play to them but it does muddy the waters for people who are looking years, decades(!), centuries(!!) into the future.
Sometimes it may be better to sit back with a cup of Darjeeling and look for a bigger picture....I might order some Scottish smoked salmon for lunch next week!
I expect long term investors look into the future. Day traders probably have a shorter timeframe reference....what's for lunch?!
"So dissappointed."
======================================
Leapfrog, it would be interesting to know what you were expecting. Why so disappointed?
"....one headline screaming "ITV profits down 12%"."
======================================================
Screaming headlines aren't a sensible way to get financial advice. The profit was bound to be impacted by the investment in the launch of ITVX. Bigger picture IMO is that groundwork has been set for profitable & growing future.
Any serious investor isn't going to be influenced by 'screaming' headlines.....not that I'm particulalry serious!
I think the results will be well received. The tone of the report is very positive....although the devil is often in the detail. I cannot see any negatives outweighing the positives at the moment. SP should get a good boost I would have thought. Even the dividend is 'sensible'.....allowing them to invest in the business & the future.
" Make ITV 4 the sports channel and stick it on there, as per the racing, rather than just peeing people off."
===========================================================
Great idea. I shall mention it to Dame Carolyn when we next meet up for lunch....obviously I shall take all the credit for the idea!
Hopefully we can stay above 90p. But everything depends on the results I would have thought. Good, bad, indifferent....it is difficult to see why we are on the wrong side of 100p. Hopefully the market will realise that too.