The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Thank you Shaun for getting this board back on track and momentarily silencing the old gits who bleat endlessly like goats.
Wall St staged a small recovery on Friday after being down. Will be interesting to see what Asian markets do in the early hours of tomorrow. I am still poised to buy back in at 69-70p. Hoping to pull off another couple of buys and sells this week and make anything between 6-10%. Last week was a good week but I know that playing with ITV means you get burnt at some point. On the upside the Dame is being kept quiet so hopefully less damage to come from her.
69-73p is my range for this week. As my best pal TomE would say, BOL, GLA, DYOR
I just love having babies with women from all over the world!
Anyway ITV. I sold at 72.5 this morning. Limit order in place at under 70p.
Made a good 6% on ITV this week. That is more than slow coach Nige will make in a year.
Winning!!!!!!!
I am sharing the love. There is money to be made here today. Asian markets are up this morning after yesterdays losses.
The shares I bought yesterday morning for 69.5p can hopefully be sold for 73p today.
With any luck we can attract more day traders to this forum to discuss weekly trading and the old git long term holders with their unrealistic valuations might just fade away.
TSB Nige! In well to do London families you start investing the moment you can crawl.
MKS I was very clear. It was high risk. If you look at the history of MKS it has been much higher than 2.60. It is the only sizeable retailer left at that price bracket.
I was banned? TomLondon still exists according to the board stats.
Following me around the forum across different boards? Nigeco I spelt it out before. I worked for BP in the late 90s. Algeria, Russia, Venezuela. I was investing in oil and gas before the millennium.
Single but I have 3 mothers to 4 children that I am good friends with and who live in properties I have purchased with them. Never been married. Still a long way off 50. Living the dream. Have been resident and worked in 12 different countries. Multilingual. Top of my profession. Tall. Good looking.
I understand why you are jealous and spend hours following me around.
Nige I was telling people 18 months ago to get out of ITV at 80p whilst the FTSE was still low. Those who held your advice to hold until it got back to pre covid levels at £1.50 would still be here and would have made nothing. You have always been clear about not selling ITV. You repeated yesterday that you would not sell until it reaches your valuation so the BT story runs in complete contradiction of your statement.
You had the chance to sell ITV at 1.34. You failed. You thought 1.70 was possible. I have sold those sub £10 shares in Shell at £23. I might miss the highs of £27+ but I also know when to cash in.
I am younger, much younger than you.
Nice buy Carrington. I jumped too early and missed the low. Audentes fortuna iuvat
Investors like you and I will always come out on top. Even when M&S takes a dive we just keep on plugging away at our other shares.
I have done everything I can to help out Nigeco.
Told him to buy oil when it was at a Covid low. He mocked me then and now it is 2.5x the price and earning record profits.
I told him that ITV was not the share to stay in during covid as the recovery would not be as good as other shares. That now has proven to be true with ITV back at Covid lows whilst FTSE is back near to pre covid levels.
I warned him that buying at 1.20 to 1.30 back in January and February of this year was reckless and that there was a considerable downside. He ignored me.
5 years he has sat here doing nothing whilst I have been doubling, tripling, quadrupling my portfolio. Nigeco has made losses during Covid whilst the last 2 years have been the best trading in my 37 years of trading.
Shaun can see the wisdom. Others can too. The old gits who are paralysed by fear will always knock the younger and bolder investors.
The shares I sold at 72p yesterday.....bought back at 69.5 today. Hoping to sell at over 73p this time to make it worth the effort.
Balls of steel are required to be a good investor. Not a cool head Solley!
At least Shaun and Solley show up on the bad days. The ITV fan club came out in numbers yesterday when the share price rose 3% and have now all crawled back under their rocks.
I am trying to ride this manipulation. Hard without knowing in advance where the range is being played at but hopefully there are 3-4% trades here weekly
I am hot headed and impetuous. Solley is never inviting me to a garden party at his gaff.
Thank you Shaun for the vote of confidence.
I sold my ITV which I bought at 68.9p this morning for 72p. After stamp duty there was a small 3% gain in 2 days. 80p looks unreachable for now. Tending to fall in with Contrarian and other nay sayers. It is heading back to 69 and possibly below.
I am happy to let people know what I am doing. I put disclaimers on those posts. So far I have called a few things right. My old man took my advice on Shell back in 2020 and bought cheap and now tells all his mates that I am a genius. He is set to collect big dividends on oil shares bought at half price for the rest of his life.
Anyway as ever I am rambling...... ITV is a share I intend to buy and sell around the dips over the next 12 months. There are alot of positives to drive the price up but the bad economic news for the next 12 months + is going to keep on nocking this down.
I am ambitious and driven. I want to double my money here in the next year.
I have a small following. I have predicted ITV right more times than wrong. Contrast that to the Nigeco fan club who have got it wrong 99% of the time.
My Shell Shares at sub £10 are nudging £24. Nige was mocking me when they fell to £8.90.
I am amazed that Nigeco and Janus can still show their faces here after urging people to top up at £1.20 only a few weeks ago.
Good day Team!70p reclaimed. In my opinion as the the boards most accurate poster I now feel as corner has been turned.
We are going back up to 80P for now. Further bad economic news will then hit but there is a good 10% to be taken here for the bold.
Of course none of this is LSE endorsed, I have no financial certification. I am just the boards's greatest single investor. I bought in at 68p today bringing my average down to 70p.
You have to love Jed. He is like one of those high street preachers with bible in hand. Nobody can sway him from his beliefs.
Data shows that marketing spend as a whole goes down during financial downturns and recessions. Research shows that the smart thing to do is to increase marketing spend to retain market share and income but too many businesses fail to take that gamble and reign in spending.
Jed how is your campaign to turn ITV into the next Gamestop going? You are going to burn the shorters! Did you re-mortgage your 4 bedroom semi and put it all into ITV? An update would be much appreciated.
The voting results were interesting. Dame Caz got 99 % but 3 board members lost at least 8-9% of the votes. Edward was one. Like one of the big institutions or maybe a group of large shareholders agreed to vote against them.
Maybe slowly with a new Chairman we may see some of the least useful hangers on politely asked to quit as happened with Carolyn at Burberry (was that where she got the horrible brown jacket from at the AGM?).
Does Edward get anything right? He applied to RADA to be like his sister only he chose the wrong day and gave too much information about his shortcomings and lack of ability?
This is silly cheap and due a recovery of sorts. Would be nice to see it get back to pre Covid levels and we should settle for nothing less from the BOD. 150-200 is what the board need to work to achieving. Vanity projects are less important.
Winnie, the day Carolyn was announced as the next CEO this share fell and has continued to fall.
As everyone points out the profit levels, revenue and debt are all good. The thing holding back this company is confidence. The outside world. Fund managers cannot see a clear direction in a rapidly evolving media environment. They cannot see a winning strategy and if ITV can remain viable.
For 3.5 million a year you can get somebody with vision, who will come with ideas. Britbox is not delivering. ITVX is more of the same. Time for someone who can strike deals with the big streamers and embrace the new media order rather than pretend that by creating expensive platforms that they can somehow compete.
Carolyn please resign
I am an owner of shares. I need the price to go up. Just I am realistic and honest unlike the blatant rampers here.
Strike is most likely a Carolyn stooge. Paid 100k a year to ramp ITV and her performance on investor forums.
Here is Solley. He knows better than market analysts and investment funds who will not touch this share....... He would rather small investors who read this site buy into a share which has been on a downward trend for 5 years and with a BOD who seem not to care.
You do other people a dis-service by your continual ramping and false predictions.