I have just took quite a large position (for me) at just under 1.34 knowing that the next big news will probably be a divi cut....and I have know idea where the bottom is......lets hope "Fortune Favours The Brave"
Always going to be posters saying "great buy" or "crap buy" you take your pick ....it just so happens I feel that this has been beaten up too much and think it is now a very strong buy......and yes those that got out at 1.70 plus did the right thing at the time....I also think we are close to the bottom although that is always very difficult to call.
We all know a 10% divi is not sustainable....however I do not think the BOD will cut it by loads, I think they will make it sustainable....and when that happens and we know how much the cut is I think that will substantially improve the SP.....I think now is the time to buy .....so I have and quite a lot....GLA
Content and subscribers are King....ITV has great content and are adding all the time the tie up with the BBC may make it more complicated for a third party take over but I am sure that will happen in time....
I actually think those were a great set of results given the climate....I was expecting a lot worse.....I think the market will like them ....we shall see...
they are still trying to sort out Carillion..... only today the FSA said it will go back another year to 2013.....nothing really gets done and when it does it takes literally years....
I think the lack of a substantial rise is more to do with the strength of the pound and not really addressing the debt however the pension deficit has decreased quite a lot.... lets see how the day pans out.....