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The underlying business is sound even if only the lower limit on ebit for 2019 is realised. This is based on the prevailing hiring profile which the Directors expect to reverse over time and improve profitability. The dividend will probably the cut but at the reduced level will still give a strong yield. This yield and the low PE will bring back the buyers. Stay strong! All IMHO DYOR.

Let's hold at this level and then rise as shorts close?

What is the relevance of these posts to the trading in ITV?

Agree Cud, too soon to call a turn in fortunes.
I don't want a false dawn only to be depressed by further fall as the manipulators ply their trade.
I'm in already and would like to buy more as Im convinced that sp will increase from this level once the fundamentals are reasserted.

Today Netflix announced a 12% rise in subscription price of its popular standard rate to UK customers. A timely reminder that it is massively cash negative because of all its spend on content. I believe that ITV will become part of a streaming company .... but when and at what price is anyone's guess.

And let's remember the huge amount of taxes that these products generate for the Exchequer!
Woodford largely sold out to fund the withdrawals from his Equity Fund.

FreddieS, FT article was about potential for IMB to sell its premium cigar business for up to GBP1.5bln, enabling it to cut debt and invest in its vaping products. This would deliver a big chunk of its divestment target of GBP2bln.
I expect tomorrow we will be told that profits are steady whilst volumes are down. We need to see that vaping can provide a replacement source of profitability and free cash flow if the dividend increase of 10% pa is to be sustained for the future. This and regulatory developments will determine the direction of the SP.
IMO, at this price, IMB is a good income share and worth holding in the ISA.

Duroc is not the only show in town because I would expect Consort Medical to be looking again at the numbers .......certainly a break up is on the cards..... just hope that Duroc moves soon and flushes out other buyers

Well something is happening here - a very sharp price drop over the last few weeks despite an absence of news? A Trading Update would be most welcome! But surely a bid above 40p because it is hardly one year ago that there was bidding at over one pound? I know management has made a mess in the interim but that would be spectacular value destruction.

Two trading halts today suggest some pretty exceptional circumstances. So this share is not "range bound" in mid-40's until results are published nor do institutions appear to be buying this ahead of a bid as was previously suggested by various posters on this BB. Can anyone make sense of these trading patterns?
The financial year ends March so don't except any announcement until early June.

IMO the short answer is that the FY 2018 results confirmed that the expansion in the US, while a potential game changer, will take some time to mature ("current expectation is that the New Jersey sportsbook will generate a positive contribution 18 to 30 months post-launch") while the cost of the regulatory, tax and product fee changes are having a substantial and immediate adverse impact on the results (“approximately £118m had they applied for the full year 2018 - representing c.26% of Group EBITDA)”.
I haven’t seen any analysis by a broker and would welcome any links if available.
I bought on basis that PPB would use its proven track record to capture significant profitability in the US and other nascent markets while growing its on-line business. I’m going to hold for the present and wait on further trading updates.

Rivaldo, you are a consistent poster on this company so what is your view on the increase in Duroc's holding to 10%?
Duroc's website states that their business model is to "create value through opportunistic acquisitions and long-term development of the subsidiaries".

Quite frankly 50glass I think your comments on the sanction of the current CEO are mild. The entire Board should be sanctioned. Only eight weeks ago they stated in the Trading Statement that "full year trading will be in line with its expectations"
Hopefully Consort are watching all this and will return with a (reduced) bid that at least is higher than the current share price!

Yes, I just bought in last two weeks based on the recent ii article on Investment Trusts. Thought this Fund would slowly grind higher over time given its strartegy of investing in big brands which I had hoped would also partly insulate against any disorderly Brexit. Time will tell!

Can you clarify your comment on dealing costs about selling now versus holding on for two weeks before receiving payment. What cost exactly would one avoid - only broker commission or will one receive the full sale amount without any deductions whatsoever?

Today's revaluation of Industrial Heat that added 8p to NAV is exactly why I stay invested in WPCT. Over time there will be big winners that will validate the investment rationale and strategy of WPCT.

Mabuhay - I believe that Consort has until 30 July to make another offer or else confirm at that date it has no further bid to make....

nice start to the day as BARCLAYS INITIATES KELLER GROUP WITH 'OVERWEIGHT' - TARGET 1400 PENCE.
But even at 1036p the P/E is only 8.5. Should be plenty of scope to realise the Target Price.

You missed the bus if you didn't close this morning!

Hopefully the fall today will see a lot of the remaining shorts close. Then GNK will trade on its fundamentals.