Member Info for NigeCo

I think that the dividend reinvestment may be helping the share price today, on a bad day in the market. Let's hope that this is the bottom, and we now find our feet.

David Cameron has a lot to answer for. How much more damage is Brexit going to cause?

Peoples jobs.
FTSE companies market caps decimated.
PI's wealth going down the toilet.
Incapable MP's, I wouldn't trust to run a bath never mind the country. What a mess.

Dividend Hunters Should Consider BT Group plc (LON:BT.A), With A 7.6% Yield

https://simplywall.st/stocks/gb/telecom/lse-bt.a/bt-group-shares/news/dividend-hunters-should-consider-bt-group-plc-lonbt-a-with-a-7-6-yield/

Hi Dallo,

Do you happen to know if Capita Group have been invested in ITV for a long time, or are they relatively new shareholders? With them increasing their holding, I wonder if that is it down to the collapse in the share price or another reason? Its not making any difference to the share price, down again at 108p this morning, at this rate we will be under 100p shortly. Tin hat time.

Is the ITV share price being manipulated by a potential predator? I smell a rat by the name of Malone.

"It wasn't long ago when there was even talk of a takeover, what's happend to that."

Hi Jedclampit,

Good question. Regarding a potential takeover of ITV. ITV's largest shareholder of (9.9%) Liberty Global are currently selling of assets to Vodafone for a cash sum of £15.85 billion. Approval of this deal is imminent. We may then find out if Liberty has any plans of a takeover of ITV. I'm expecting the ITV share price to react to the approval of the Liberty, Voda deal. If Liberty doesn't make a move on ITV after the Voda deal, then they never will. So you may have timed your purchase of ITV at the right time. I hope so. JMO.

Are the ITV share price and 7% yield too good to be true?

https://www.fool.co.uk/investing/2019/05/21/are-the-itv-share-price-and-7-yield-too-good-to-be-true/

“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”

Don’t always run with the crowd. There’s value in being counterintuitive.

The great man Warren Buffett.

"We just need the share price to stabilise and see what this management team are made of"

Hi Dallo,

I couldn't agree more. Once the SP stabilises, I'm sure that buyers will return. The same could be said about a lot of FTSE100 companies who's SP's are at very low valuations.

I have every confidence in McCall to turn ITV around. The question is, will she have enough time to do this? A lot will depend on Britbox being a success. Or will a buyout beat her to it.

"I cannot see the Board accepting anything less than 200p a share given the value of the Studios alone."

Hi Dallo,

I hope that your right mate. 200p does seem a long way off? But would get me out of a very sticky situation. I intend to hold come what may. I don't intend purchasing anymore shares as I'm fully invested here. Without ITV receiving a takeover bid, I would expect the share price to make a gradual recovery over the next few years, depending on results. With the World Cup in 2022, I'm willing to wait for 180p and collect the dividends.

I'm looking forward to Liberty receiving approval for its Vodafone deal. We may then get some movement in the ITV share price. Fingers crossed.

With this appointment of CFO Chris Kennedy (M&A man) are ITV anticipating a takeover bid?

ITV appoints experienced M&A man as new CFO

Liberum noted that ITV's statement makes specific reference to how Kennedy in his brief role at ARM was a "key player" in selling the business to Softbank. "This may be just filler for the statement but it may also be a flag that ITV is open to a sale," analysts said.

https://www.sharecast.com/news/news-and-announcements/itv-appoints-experienced-ma-man-as-new-cfo--3576182.html

I won't be selling my shareholding.
There is more upside potential than downside.
I will ride it out, collect the dividends.
Wait for the inevitable recovery, or takeover bid.

BLOOMBERG ARTICLE FROM 2 JAN 2019....WORTH THE READ

‘Celebrity Love Island’ Is a Temptation for Bankers

Investors haven’t been wowed by Carolyn McCall’s ITV strategy. If the company’s subscription service falls flat, its bid defenses will be weak.

https://www.bloomberg.com/opinion/articles/2019-01-02/love-island-owner-itv-looks-vulnerable-to-a-takeover

Simon,

Thanks for that mate. I think that I will probably stay with Halifax, for the amount of times I trade, its hardly worth moving. Interesting to know though. Cheers.

Hi IP3LY,

Do iWeb charge for having a shares account?

Halifax was the only broker (at the time of me moving to them) that had no charge for an account. I'm happy with Halifax with there no charge policy. I guess it all depends on how many times you trade per year. Yes, there will be better platforms than Halifax for sure, but it comes at a price.

"NigeCo, I thought halifax was sligthly more expensive, at £11.95 a trade or so, ill take a look."

Hi Simon,

Yes. For someone like me who doesn't trade that often its worth paying more commission on a trade than paying a bill for holding my shares. I was with Nat West, they were then taken over by TD direct investing who were then taken over by Interactive Investor. Who would have charged me for my account, so I moved to Halifax. Its ideal like I say if you don't want an annual charge. Good luck in what you decide.

Hi Dallo,

I hope that you're right mate, As discussed previously I'm well underwater here, my average price is 178p. It doesn't look good even if we get a bid? I would expect any bid would be well short on my average.

What bid price have you mind? Obviously, a bidding war would help. I cannot seriously see ITV going for less than 150p per share. It would be a steel at that price. But you know John Malone he want's things giving.

Everything seems to be falling into place for Liberty Global with their deal with Vodafone expecting approval imminently. If they are interested in ITV it couldn't have worked out much better for them. I just wonder if Liberty are behind the collapse in the share price or is it just a coincidence?

“The £1 barrier is an important psychological support level,” DeGroote says. “There is no investor confidence in the story. The share price chart is shocking – like a punctured balloon for the past few years. ITV looks vulnerable in a consolidating industry.”

https://www.theguardian.com/business/2019/may/18/itv-jeremy-kyle-share-price-streaming-netflix

Hi Simon,

I'm with Halifax share dealing. You are correct that there is no charge for holding an account weather you are an active investor or like me inactive. I've not had any problems using them, and would have no hesitation in recommending Halifax. There may be better trading platforms that come at a monthly cost. The choice is yours. GL.