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Yes looking back the ITV share price performed very well in the FTSE250 index, but bare in mind this occurred around the release of good news regarding the vaccination for Covid. Let's see how ITV performs this time around once the inevitable relegation happens.

Thanks for that Rock, so large trades will probably happen on 20th Sept.

Taking a look at ITV's closest FTSE100 company on valuation is Royal Mail Group. ITV needs to climb above one more FTSE100 company to survive being relegated to the FTSE250. The closest on valuation is RMG who's current valuation stands at £4.90B, while ITV valuation stands at £4.73B.

FTSE100 reshuffle closing date is Tuesday 31st Aug. We would need ITV to have a positive day with RMG having a bad day. For ITV valuation to reach £4.9B ITV share price would have to close at 121.74p. Unlikely to happen in my opinion. So we may well see big trades on Tuesday with institutions dumping ITV shares especially after the close.

Bielsaball2021.... "Interesting comments guys. Just out of interest, at what price would you consider to be a good takeover offer?"

Hi BB, I enclose a recent article from last month regarding the valuation of ITV that you may find of interest. Link and part of article below.

https://www.yorkshirepost.co.uk/business/in-a-land-where-content-is-king-all-eyes-are-on-the-future-of-itv-studios-3306941

"It is difficult to put a value on ITV studios, but if we consider that Hasbro acquired Entertainment One almost two years ago in a deal worth £3.3bn, about 16X earnings before interest, taxes, depreciation and amortization (EBITDA), and ITV, according to its most recent annual report, shows that ITV studios alone had EBITDA of £152m. Using
16X EBITDA, just ITV Studios should be worth £2.4bn alone. For the whole ITV group adjusted EBITDA was £573m, which on 16X EBITDA would give it an implied valuation of £9.17bn, yet the current value of ITV is £5.3bn."

Based on the above valuation the whole of ITV would be valued at 227.82p per share, excluding debt. At this moment in time I would welcome any bid, any valuation would help get the ball started. I think if someone was to bid it may well lead to others joining in the bun fight, example Morrisons. I personally would be happy achieve 170p per share, but it may go for a much higher price. JMO of cause.

I agree Jed, last time ITV dropped out of the FTSE100 the share price performed better, although that did tie in with the covid vaccination news.

ITV are like Norwich City, too good for the Championship, but not good enough for the Premier League. A yoyo clubs. No disrespect Norwich fans.

Will the restart of a lower dividend propel the share price? The jury s still out on that one. Regarding ITV cutting debt, yes the BOD can take credit for that, it could be argued at shareholders expense ie. No dividend payments. I think that either the BOD have plans to purchase CH4 or they are paying down debt to make ITV look more attractive for an acquirer. Asset stripper love low debt and cash in the bank. JMO of cause.

With ITV being vulnerable to yet another relegation from the FTSE100 index. Is the writing on the wall for our BOD? I'm sorry to say I'm losing confidence in them along with the city. The share price performance speaks volumes, the only way this recovers to 170p is a takeover bid and that is looking unlikely, I think it would have happened by now if it was going to happen. I hope to be proved wrong, I truly do.

Yes quite right MLH, RNS enclosed below.......

"Rule 2.8 statement

Altice UK confirms that it does not intend to make an offer for BT. This is a statement to which Rule 2.8 of the Takeover Code (the "Code") applies. Under Note 2 on Rule 2.8 of the Code, Altice UK reserves the right to set the restrictions in Rule 2.8 aside in any of the following circumstances:

a) with the agreement of the board of BT;

b) if a third party announces a firm intention to make an offer for BT;

c) if BT announces a "whitewash" proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); or

d) if there has been a material change of circumstances (as determined by the Takeover Panel).Contact details Tulchan Communications / AlticeUK@tulchangroup.com / +44 (0) 20 7353 4200 Graeme WilsonSunni ChauhanGiles Kenrick"

https://www.lse.co.uk/rns/BT.A/statement-re-bt-group-plc-1wnavr2fjkflz34.html

Maybe, just maybe Drahi and Deutsche Telekom are forming a joint bid? Drahi gets what he wants Openreach and DT gets the rest of BT? Just a thought.

Fleccy... "Lol you just beat me to it."

YES. I got my own back mate, after you beat me previously. Lol

Thanks Don for posting the full article.

The tests are piling up for the government’s free marketeers: Advent’s £2.6 billion bid for defence outfit Ultra Electronics; Nvidia’s mooted $40 billion takeover of Arm; the £7 billion US ding-dong for Meggitt, the supplier of kit to the F35 and Typhoon fighter jets.

But could there be a trickier test to come: a bid for BT, or at least a break-up offer for its broadband wing Openreach, so crucial to Boris Johnson’s “levelling up” and “digital” Britain agendas? The chances of some sort of action have risen since June’s wake-up call from Patrick Drahi, the French-Israeli billionaire behind private telecoms group Altice, who secretly snapped up a 12.1 per cent stake in an adroit coup. BT shares closed at 195.5p

https://www.thetimes.co.uk/article/bt-may-prove-to-be-toughest-call-yet-x6r7jgsws

Cheers Velo.

I'm looking forward to Velo's next update. Have we reached the bottom Velo?

From down 3.65p @164.50p to close up 0.05p @ 168.20p.

Agreed Larry, todays share price movements just proves selling to buy back can and does lose money. You need to be a very good trader which most are not, or very lucky. from down 3.65p today to now down 0.25p. The price can go against traders very quickly. I will just sit on my shares, take no risks and wait for the following, either a share price recovery of 300p, then reassess, or a takeover offer of maybe 300p plus.

Anyone know why the market is marking BT down 2%?

Below Fair Value: ITV (£1.16) is trading below our estimate of fair value (£1.71)

PE vs Industry: ITV is good value based on its PE Ratio (12.7x) compared to the UK Media industry average (32.4x).

PE vs Market: ITV is good value based on its PE Ratio (12.7x) compared to the UK market (23.9x).

https://simplywall.st/stocks/gb/media/lse-itv/itv-shares

Once again the FTSE100 index goes down 1.5%, ITV goes down 4.15%. I expect that ITV will underperform the index but 4% is ridiculous.

This would force their hand of Liberty Global I think, I don't think that LG would want a tie-up of ITV & BT. There is a reason behind LG still holding on to their 9.9% ITV shareholding. I may be wrong but LG may only want ITV to stop others getting hold of them.

Yes I can confirm that it is in the gutter press The Telegraph today.

I cannot take the credit 5eights, I found it on the BT discussion board courtesy of LarryBling.

"New chairman Adam Crozier should consider a blockbuster merger of its consumer wing with ITV."

As a shareholder of both BT & ITV I for one would welcome this move.

"New chairman Adam Crozier should consider a blockbuster merger of its consumer wing with ITV."

As a shareholder of both BT & ITV I for one would welcome this move.