The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Not great news today from all the other global markets that are trading. The Powell speech on Friday has now spread to Asian and European markets. 1-2% wiped off shares. Will be interesting to see what the US markets do.
ITV saw losses in the last hour so of trading on Friday but realistically it will follow whatever happens with US markets today. Worse news to come over the next few weeks.
For those of you poised to buy it probably still is a case of "Buy back in October". This could go 50-55p again.
Solley hits the nail on the head. He has better things to do with his life. Nigel as many of us have guessed all along has nothing other than this board.
I am killing time whilst working from home. Quiet day and my client just need to see I am online and contactable.
Nige is another one who cannot seem to make any profit from the shares he has held over the past 2.5 years. Keeps muttering rubbish about takeovers and bids and how by his valuation this is worth £1.70
Anyway back to the issue at hand. I said the other day that at 65p this potentially would have been a good buy back point. I just am worried about the bad economic outlook and fear a run on banks in other countries could spread to fear here and a sell off. There were articles in the press yesterday about London property falling by 20% over the next 3 years.
Hard to see a recovery to £1+ here for a while. 75p looks like top selling price. Bottom right now I am looking at 60p or 59p.
So Solley stop bringing your daughter up here. She has never given you any advice to buy or sell here. She knows nothing is happening with regards to Liberty. You are the one using your daughter to try to gain kudos here.
You are a ramper who loses money here repeatedly without having the good sense to sell and buy back.
Rylidan you were ramping at 74-75p which I rightly pointed out at the time was a 5 month high. Now it turns out that you yourself were holding your funds back at that time looking for a lower entry point. The Duplicity of the rampers and when you point it out they let out shrill whines calling for you to be banned.
"If"
Solley I am very clear that I am an investor here. I have kept my historical average holding. What I sold at 73.40 was my speculating funds.
I would suggest that rather than ruining the board I have ruined the rampers party. Too many of you idiots here continually telling everyone to top up and how the share was going up.
Rylidian is a prime example of the Solley and Nigel types here. Only two weeks ago Rylidian was telling people to buy at 73-74. Telling people that the shorters were gone and price was going up. Then yesterday with the share price a good 10p down he/she is saying they are going to treble their holdings here shortly.
You Solley like the majority of Rampers here are a coward. You want to bully people off the board but lack the balls to correct your investment mistakes here.
What some of us here are trying to do is steer people towards profit. Trying to get a consensus opinion here of when to sell and when to buy.
Solley try to contribute something meaningful to this board other than your usual ramp, or snipe at people you fail to agree with or those less than useful insights from your daughter in America who like her father seems to be on the more simple side.
The Dame saw the weather, realised their would be no cricket to watch in Berkhamsted today so figured she should get on zoom and talk up her ITVX initiative?
I am tempted to buy as under normal circumstances this would be the bottom of the range. Problem is I think China and global economic news is going to wipe more value off this share in the coming weeks.
For now 65p looks a decent buy in price. I am too jittery to invest until clouds lift.
The FTSE indexes and markets generally have not done too badly. ITV catastrophic loss in the last week.
All those holders promising us gains have gone quiet. Just Rylidian with her defective crystal ball is still beating the drum. Jed at least had the good sense to sell and go on holiday.
More nonsense. More unsubstantiated allegations that you can never backup. I have been very open here. Very transparent. I am a private investor. No connections to any investment companies, banks, hedge funds. I could not even tell you how to go about arranging a short. I just use my trading platform to buy and sell.
Happy with your position? You lost a huge amount of value in the last week. The warnings have been here for weeks/months. There is no sudden game changing news here under the current Dame. Her one big idea ITVX crashed the share price. The only thing coming over the horizon is a huge debt crisis in China, energy prices crashing and consumer spending and jobs stagnating at best. ITV will not grow revenues for a good few years.
This share can very easily return to covid lows.
You thought it was a gift at 74p last week and you have lost heaps by holding. I sold at 73.40 and am waiting for low 60s and maybe even 50s before buying back here. I can see the risk which you seem oblivious to.
The share price is being manipulated and Elvis lives......
It could just be that nobody but a bunch of small investors have any confidence in this share. As a result it drops faster than a turd.
Waffle Waffle Waffle. Shorters this. Shorters that. More unsubstantiated nonsense on this board?
How about Rydiculous follows up from his/her post a week ago where they promised the share price was going up and shorters were suffering. Share price is close to 10% down since.
How does it feel to get it so wrong? Perhaps making predictions is possibly not for you?
Did anyone call 75p as a high last week?
Trying to stay out until October or the Chinese slowdown hits the markets.
Big fall today just demonstrates how high risk investing in ITV is now.
Rylidan has gone quiet again? Only on Friday he was predicting the shorters were closing their positions and share price was going up.
The Fan club have all vanished again
Rylidan I get that the after hour trades could be the shorters positions being closed..... The rest is just your own wishful thinking?
I am a betting man and I think 75p might be a new high. It has briefly touched it a number of times and people are quickly cashing in.
April 22nd it last visited 75P+. Make that 4 month high.
I am not just doom and gloom. That is a 5 month high is it not? 75p?
Oh the shorters again? Nice because everyone loves a conspiracy theory.
What if.......you are wrong? You spent your savings on a share that is only worth what the vast consensus of investment firms and banks are buying it at. 65-75p
At what point does your ego give way and the realisation kick in that perhaps you have been played by the ITV fanclub here? Duped?
The ITV fan club have all gone silent again.
So how about a Murdoch bid? He has been out of TV for over 3 years. Is desperate to get back in and has started TalkTV. In 2001 he wanted to wrestle ITN news away from ITV.
Would he be allowed to take full ownership of ITV and maximise its earning potential by putting up pay walls?