Member Info for contrarian123

of note is a gap that exists after ex-div date between 77-78p. If there is an uptick my target would be that

As I said 2 days ago the share price is heading to 73p and this is a textbook move today. It hit the 78.6% retracement from the most recent low to most recent high (approx 69p to 88p) at 73.26p (my calculation was 73.28!).

As price is an emotional signal let's see whether there is a technical signal worthwhile looking for some hope. I use the Stochastic 14 indicator. Well it is below 20 @14.38 which indicates oversold conditions but it can remain there for some time. The indicator is pointing downwards and until it crosses above 20 I would not risk any money in this dog. Fully expecting it now to reach the next stop @69.28p

I doubt it - Netflix lost 200K accounts out of a 220 million sub base and is projecting a loss of another 2M next quarter. The reason it fell by 25% is because it is the first loss after 10years and valuations are extremely stretched as the minions that buy these things expect constant growth.
If anything the naivety of the ITV board makes me think that they will persist with their stupid strategy thinking that somehow they can reclaim market share !

Share price has been basing around the 78p for the first 4 trading days last week then quick move to 76p today flirting with 73p as I mentioned last week. Next stop after that some support at 68-69p.
Vote #CarolynMcMcallout

Excellent Nige - Now I take it you are voting like I have - I am hoping some of the insti's downvote her as well.

And yes fully agree results were good and they shot themsleves in the foot - Talk about amateurs or maybe it was intentional. I just do not believe for one second they didn't run this strategy within closed doors by some analysts. Maybe they did and the Dame just does not care.
She needs to be out and fast if it is to salvage this ship.

The only conspiracy theory I would gladly subscribe to is that they want to be bid for and they want a low price for the bidder. Very far fetched though and probably unrealistic

Yes I had to do what I had to do to get out of this dog with as little damage as possible. If there is one thing I am guilty of is trading just prior to earnings announcement which was wrong. But I used the probabilities to good effect and didn't average down blindly

Please take all these largely automated websites that produce fair value estinates and quote meaningless estimates from analysts that are either clueless or have an agenda with a bucket load of salt. The only person that can judge is you and only you or a respected analyst that specialises in the sector and is not driven by ulterior motives

Cllwyd - I urge you to consider technicals to distinguish yourself from complete guesswork. I am not saying that they are the only thing that market but used properly, if you believe in a company then you can time your entry and exit and increase your probabilities of success.
ITV is so beaten down at present that it seems on a downward slope for the foreseeable. If like me prior to results which were good thought it was worthwhile entering, using the technicals I entered at 92p - Little did I know of the shambles of a strategy the useless Dame announced. So 92p entry was a failure.
However technicals also told me that there was a chance at 82p which was another failure and also on the 8th of March (bullish engulfing candle) where I entered at 75-76p if I remember correctly. The last trade gave me the ability to exit all these positions at no loss at over 80p once the dead cat bounce ensued. By that time it was clear that the market absolute loathes Carolyn Mccalls strategy.

Now this is a swing trade share until Carolyn Mccall is ousted and hopefully an activist investor comes on board to sort all this $hit out

I will let you know if technicals improve - I doubt it. There is not a single technical indicator I use that is potentially showing a promise.

A strong message to Carolyn Mccall needs to be sent. Either quit the stupid strategy and extract value out of the business or resign and put us all out including herself of the misery. I am afraid she is going to try and milk this until she is ousted. Either an activist investor needs to be involved, much like GSK and Emma Walmsley where finally she was forced to solidify her wishy washy strategy, or a takeover. The latter I am afraid if it happens unfortunately this board are going to spend money defending their cushy jobs. So I am in favour of an activist investor getting involved.

This is all insignificant volumes Malcolm. Where are they going to watch movies then certainly not ITVX

NOT vegetate I meant

I believe families will cut going out first before they cancel their SKY opium. I=At times of recession these little luxuries matter. They'd rather eat spam than vegetate in front of SKY

AND with that I agree with Tom agenda or otherwise

Sounds about right Nige re Tom's purchases. I was quoting those fibonacci levels before his posts and were based on a retracement from cover lows and the then recent high. But that is beside the point. Unless something cataclysmic happens tomorrow, ITV will be marked down significantly and then a slow drift downwards.
The only way to stop the rot is to get rid of Carolyn MCCALL

I have set a buy order for 165p - Worth a punt at that level

It is today 1 day prior to ex-div and a slow drift downwards. Here are some rudimentary technicals for you. We have retraced 50% of the "rally" (dead cat bounce more like it) we saw between 7-14 March following the disastrous strategy announcement and presentation by the useless Dame Carolyn McCall and her equally spineless board.

We are just below the 50% as we speak at 78p. Next up at 61.8% (fibonacci levels) is 76.4p which will easily be reached tomorrow after the at least 3.3p markdown typical on ex-div days.
There is no support and usually when an asset looses 50% of its previous increase the rest of the levels come up fairly quickly. I do not see any support so my dim view is that slowly but surely we go back down to 69p.

There is something you can do albeit very small but sends a message - Use your proxy voting forms from your online broker to vote this useless board and the substantially useless Dame Carolyn McCall out. Send them a clear message that 5 years of underperformance wouldn't be tolerated in the real world.

Take your 7% fulmar before you have to wait for another year for something to move the price - And please do me a favour and use your gap to pleasure yourself - sounds like you need it

ha ha goes up by 7% and everyone rejoices. How long have you had to wait. Let's see what next few weeks bring.

since the 16th of March and only a couple of days before the ex-div date and a very good return of 4.2% on the current SP there seems to be absolutely no buying pressure.
This company is destined to mediocrity for as long as this ineffective board remains in power with their convoluted and non business enhancing strategy.

You can do something about it. Send a message to CarolynMcCall that she needs to resign. Use your voting proxy forms from your broker, they are available online, and do so.

Usually there is an uptick prior to ex-dividend. Nothing here and it is a clear sign of the lack of confidence in management. Imagine what the drop will be on ex-div date. I estimate at least another 5p mark down and then a slow drift down to the 7th of March low of 69p. Don't let the useless Dame $haft your capital show her the door.

So erratum you think the deal is good contrary to what common logic dictates? Prove this board wrong please