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Okay my final post.
Good to see Nigel finally took my advice and sold up. Shame he got burnt so badly that he will not be back. 20,000 better off since selling at 69p means he lost a 6 figure sum on ITV. Ouch!!!!1
As the poster boy, pinup and biggest supporter of holding here it is saddening that he sold up without telling his mates and supporters here to do the same. Lowlife behaviour. I have always been honest with my transactions even the disastrous M&S one.
Any way now is the time for Nigel to live up to his own principles. By criteria he has set himself he should not even be posting here.
I am finished, finished. Never to return. Not even when I cash in at £1 and make a million.
Good luck and please people try not to be dishonest here
My last day of posting then.....
Good to see Nige came out of hiding. That walk of shame he did lasted a good few weeks. I never thought I could influence share price. I merely hoped to influence people here into not buying into the hype and lies that Nige, Solley and Jed posted. Hopefully I saved someone on this board from buying at the 1.20s when Nige was telling the board that 1.70 was fair value.
I now want this to shoot up. So no need to hang around warning people that the rampers are deluded old fools. Nige will stick around forever. Nothing else to do with his life.
Not angry. Just realised it is time to move on to other things than ITV. 2 years is a long time. The worst this will go to is 50p, maybe 45. Upside is huge if someone wants to exploit low £ and buy this out.
My work is done.
Bought back in at 56.88.
I said 2 years ago that this share was capable of returning to 50s and that it would before the 1.70 and £2s were reached. I was laughed at and ridiculed by the Nigels and Solleys of this world. Janus and others took to abusive posts.
I have been proven right. They were wrong. Many of them were knowingly lying.
Anyway I am a ramper now and therefore not required here. Too many rampers and liars here for me to have much effect.
Hopefully this goes back up to £1 and the Dame gets her act together after 4 years of dithering. I buyout now looks more likely.
GLA. My work here is done. I silenced the rampers and vanquished the worst liars from this place.
Lol she has been busy today! She is back from a summer of watching cricket and drinking pimms:
https://www.birminghammail.co.uk/news/showbiz-tv/itv-boss-responds-petition-sack-25120379
The Dame seems to have quite some understanding of how it feels to have a "shrill minority" (myself and a couple of others here) calling for ITV employees to get the sack. She must read this place last thing at night on her phone and sob.
"But there is a very shrill kind of voice against and it will hurt them." She said: "They did not do anything wrong."
"It's hard. You imagine yourself in the eye of the storm like this, where you're trying to say you've done nothing wrong and all the noise around you is saying that you have. It's difficult to handle."
13.50. Something seems to have prompted a wide sell off of British stocks. Keir Starmer's speech started then? He looks a more credible PM then the current lightweight?
Normally the department of media culture and sport would veto foreign buyers who did not pledge to free to air and public service but under this new government everything is for sale to the highest bidder. Liz will sell off everything in return for future kickbacks. Somewhere Lord Archer is around doing deals in the background. The sleaziest of Tories doing favours for the richest whilst bankrupting public finances.
With the weak £ to $ there are some UK companies that must be very attractive to US investors and Arab state wealth funds. M&S as Nigeco loves to remind me is one share I am in. The Brand would be great globally. Food halls and cafes at all major transport hubs. Less of the high street presence in grim northern towns where the jobless shop at Aldi and Lidl.
Asset strippers should move for ITV. Buy it out for anywhere from 2-4 billion. Sell the studios off at profit and then sell the free to air off for anywhere from 1 billion down to £1.
Jed I sold slightly lower than you good self at 73.40 (you got 74p). Unlike you I held my nerve and whereas you bought back in the high 60s I have waited until now to buy back.
It is not negative. Just trying to play the game of guessing where this will go next. Even you if you can be honest for a moment will have to admit that there is too much bad economic news that will weigh this down before the recovery to over £1.
Share price looks to have temporarily stabilised around 60p. I wonder what the next piece of bad news will be that will drag this down? Cannot see anything boosting this until March results. UK and Global economies are just going to be recession and ever higher interest rates for months.
Crashing the £ now means that overseas chums can now buy up and own all of UK plc on the cheap. Liz and Kwasi will be handsomely rewarded. I notice Tony Bliar is back working for the government. He is the poster boy for these wannabe Prime ministers. Take office, make decisions that benefit certain groups. Leave office and reap the rewards.
Blair's and his oldest must be worth half a billion thanks to his questionable decisions.
Liz and Kwasi are big gamers. They love nothing more than Tropico where you get to run a banana republic. In order to grow the island economy you drop the taxes super low and hope that you attract immigrants who pay taxes and provide services to the super rich bankers. Immigration has to be set to allow all.
Much of the UK news has been focussed on the mini budget and its impact on UK households. Look elsewhere and the talk is of panic selling and a rush to sell stocks. A global markets crash looks to have been triggered by Liz's badly misjudged mini budget. Nobody is buying government bonds either in the UK, Europe or US which in turn is triggering a liquidity crisis.
Contrarian was the first back in July or August to warn people to get an exit strategy. I followed his hints and got out of stocks in August. Now it looks to finally have been triggered. A full on crash.
So my own personal and completely unendorsed view. ITV will lose 5-10p over the next two weeks. Be close to 50p. The Dame or hopefully a competent replacement will have no choice but to axe the dividend in spring 2023.
Please therefore DYOR. Read US and European financial publications. That 8% yield is not likely to hold. 60p will not look like a great buy in price in October.
Good luck people. It is about to get very turbulent. At least Kwasi repealed IR35 reforms which were holding us drivers of UK plc back.
Offence takers......I have little time for them. Grow a thicker skin? As for the LGBT community the whole trans debate has shown how easily they turn on people who challenge their views and carry out witch hunts. J K Rowling?
Complete opposite to everyone else? When was there a referendum on the monarchy to establish the majority view? Why do we get a vote on Europe but not on the House of Saxe Coburg Gotha who pay off the rape victims of their members rather than face justice.
Carolyn Out. Charlie out!
Queue and pay respects to a woman they barely knew???? An institution that is 1200 years old that carried out ethnic cleansing and genocide??? The Queens own ancestor was responsible for the "harrying of the north" which saw destruction of the north of England. 75% of the English population were forced off the land, died or never returned. It is no coincidence that the heir to the throne is called William.
Just perhaps Holly and Phil are not braindead morons and wisely used their press credentials and celebrity status to swerve the zombie like sycophants.
Rather than focussing on a small error of judgement you could start a petition for the CEO who has trashed the value of the UK's biggest media company to be sacked. 5 years of abject failure and she still clings on to a 3million+ package.
Ditch the Dame!!!!!
Nice little witch hunt going on. Phil is harmless and Holly has great appeal. It is not like they are Piers Morgan and photographed with every known celebrity paedophile back in his gutter press days.
Jed you get it all wrong again.
This is about taking control. Being informed. When the crisis hits you are well prepared. In this case when the markets tank you are sat on the sidelines with cash waiting for the optimum buy back price.
I get why this is not for you. It requires nounce and you are older and just want a calm life.
I am a rabbit sat at the side of the road looking on in disbelief as you dance in the middle of the road as the headlights draw ever closer. More grass for me once you are pancake.
BOE decision at 12pm today. Fun times ahead for those of us with balls
It seems I am not alone in seeing the doom and gloom.
UN chief says "the world is in great peril"
Then the IFS goes public with what it thinks of the PM's borrowing plans.
https://www.bbc.co.uk/news/business-62984023
The rampers and die hard Tories will of course deny. They were the ones who rubbished me when I said that 120 was a 12 month high for ITV and gave strong sell signals to everyone.
Interest rise in US. Interest rate hike to come here in UK. Then the sorry excuse for a PM and her chancellors mini budget. This share can only fall for the next two days.
If only we had Rishi or Cameron and Osborne. A country led by a fool. A media company led by somebody with no vision.
Liz Trusts energy policy is a joke. Incur debt on behalf of the tax payers because they are struggling to pay energy bills? So rather than saying "cannot pay" we are now saying "10 year loan to fund payments now". So eventually everyone thinking that Liz has saved them getting skanked by the energy firms will in fact find themselves paying in instalments?
Taking money from the poorest to pay to rich energy wholesalers (I speak as someone who had 90% invested in oil and gas).
Maybe Liz and every other energy dependent country should be turning to OPEC and insisting they increase supply? Those rich Arab states are desperate to pay off the borrowing they ran up when oil was selling for production cost during covid but in running the price up they risk global recession which ultimately will see demand for their energy drop off.
Time to make it a clear choice to the public. Pay for your energy over 10 years or ask Qatar and others to stop funding silly vanity projects and increase supply and reduce prices. Maybe that utter +@~? Beckham who queued to see the Queen could hand the 150 million he made from being Qatar's World cup ambassador over to single parent families with children who cannot afford energy costs or is his next yacht more important.