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But where could they have gone? If one investor acquired them it would have to be disclosed no? I’m considering closing out a losing position on another stock and doubling down now I’ve seen this as I already fundamentally believe this will rise in the mid-long term... Very torn but excited
KiJaHu, I'm an investor in ITV too and have witnessed the events described this year too... I was concerned to see them jumping in! They built up a 20% stake in ITV only to slowly relinquish it down to the current 5.6% (I believe)... Let us see what happens.
Always make your own decisions never let people influence you from the anonymity of a bulletin board... Especially the likes of Thomas Capital of England.
Sharing my recent experience, I was lucky enough to get my average down to 75p last year and have enjoyed the rise on up. I sold 20% of my ITV shares about two weeks ago at 109.45 to make a purchase on another share that I had no spare capital for (which I have a hope for 100-200% rise over the medium-long term). The rest of my ITV shares will be sitting firmly in my account for at least another 12-24 months with a hopeful estimate of 40-60% uplift. I personally only see better days ahead but in the near term I expect we could see choppy waters with the high 90s being seen a couple of times as CV-19 news fills our headlines. But as you will have seen from an alternative thread I think this shall wear off quite quickly and by March we could even be nearing 120 by then not to mention the reinstatement of a dividend.
Of course the aforementioned is all in my opinion and shouldn't influence you at all. Just another share holders perspective as requested. Good luck!
Big money talks, a clear opportunity for me here given recent developments. It may be a long shot but if you truly are a LTH/value investor then this could make huge returns over the next 3-6 years! AIMO, DYOR.
It would appear Goldman Sachs are building up a position? From my reading they've acquired 5.8% of the shares now?
... Sleep by 22:00, never gonna go 30 minutes without checking BTC price, never gonna give in to the de-rampers, never gonna sell my shares (before NASDAQ listing).
All a bit of fun. Goodnight all, try get some sleep as tomorrow is set to be another bloodbath unless BTC finds some resistance.
FYI - I'm a new LTH (for potentially years) so should not be paying this much attention to the d2d SP. Big believer in the team and the idea behind Argo. Looking forward to seeing what innovations they come out with.
Forgive me for asking but I noticed you on the BAB board earlier where you suggested you are a newbie?
Are you still a newbie if you have held shares for 4 years?
Only you can answer your question, but a lot of people here see ITV recovering to 130-155 ranges this year once the virus starts to churn away in the background and life get back to normal. Surely your dividends have whittled down your average? The longer you hold the better that will become. AIMO.
Has anyone else noticed the huge trades after close after another pretty stagnant day?
Is something afoot with the big boys?
Here is my two pennies on the matter:
Recent explosion of SP has skewn the valuation and resulted in a high number of day traders who just want to make a quick buck and bounce.
SP has thus distanced itself from the realistic valuation of the company (not to say it hasn’t increased drastically).
Short term traders are now closing out positions as crypto’s go through a negative phase and they will turn their attention elsewhere.
Medium-Long term holders who have done their research are hoovering up the shares at lower prices as they firmly believe the best days are to come.
I must admit I’m excited by this stock and the direction the CEO is taking by trying to minimise the risk to Crypto volatility. To those who have tried to bash him for making a quick buck I think after listening to him he’s more of a visionary who’s passionate about the technology then someone who just wants 25 Ferrari’s in his garage... Hence he really wants to make Argo thrive and become a NASDAQ listed company etc.
After all listening to him he recently said the Market Cap target is 1Bn and that would mean a SP of £3? By current shares in issue?
Also on the note about why raise capital when you have BTC stored my simple answer is if they firmly belive Crypto will reach 100k+ etc then who would sell your store of them for 70% less?
As always in life, the best things come to those who wait. GLA. AIMO. DYORAW.
Was the UT really only 32000ish shares??? That seems incredibly small does it not?
A temporary drop in profits, probably more pain in Q4 and then surely slow and steady back up from there? In 2022/23 can one imagine seeing this down at these levels again if we really do come out of the other side of these viruses?
AIMO, DYOR.
Someone was out shopping today... £1,000,000 buy came in according to the trades section, 970000+ shares!
Hi All, just noticed this come up on my radar and looks exciting for the future.
I'm under the impression there is no dividend payment at the moment but I wonder if shareholders expect one to be pain in the future? Or even a Special Dividend given how the market cap has shot up recently?
Keen to hear peoples thoughts.
Thanks for your input Nige, hopefully that boost would elevate us back into the FTSE100 too where we belong hopefully by the next rotation.
Food for thought on Dividends:
There’s 4.025Bn shares in issue and in 2019 the total divi was 8p a share.
So, to pay the same dividend would cost £322,000,000.
ITV currently has £400,000,000 cash in the bank (at last notification in Nov) retained partly due to not paying anything out in 2020.
So, my question is what value do we reckon a dividend would be paid out next?
My guess is a smaller divi will cover the deficit in profits which I’m guessing would be around 16-22% for the year? So take that out of the dividend and we’re left with approx 6p a share?
All in my opinion, would welcome other opinions and scrutiny. As always do your own research.
Just saw this being shared and thought it might be worth bringing to people attention, could enable sporting fixtures to have more attendees and thus keep the Euros on for Summer 2021 etc for ITV
https://www.birminghammail.co.uk/news/midlands-news/covid-results-5mins-birmingham-scientists-19565500.amp?fbclid=IwAR1ps7mfObCMvFI-vGspwg8KWh3vhAqpi9txXLX8ow90S_Ok4vRbI5p2ncg
Alright Tom, here's my response to what you appear to be summing up as blind optimism:
Setting the scene: 12 months ago Pre-Pandemic ITV share on a negative decline since 2015 but appeared to be making a recovery into early 2020. Trading at 140p (approximately). McCall had come in to sort the business out and needs time to do this.
So, if we cast our minds back to Jan 2020 when most were all unaware of what coronavirus even was, ITV is at 140p with revenues expected to increase with hit shows like Love Island & the Euro 2020 tournament whilst in the back ground a strategy is slowly being rolled out to "future-proof" the organisation with BritBox and ITV hub catering to the massive on demand thirst that is out there.
Insert a Virus that caused a global pandemic, leading to share prices plummeting as initially no one understood how severely the virus would impact human health or the economy resulting in mass sell offs.
ITV's performance during this time managed to retain the dividend payment, pay down some debts, maintain a moderate loss to revenues, ramp up the launch of BritBox globally, receive an influx of Britbox subscribers who were taking advantage of their free trials and as others have linked previously it is reported that ITV received record viewing figures towards the end of 2020 with levels not seen since 2009. Not to mention at the time of last notification ITV have reportedly got access to £400,000,000 cash in...
Yet despite the above we are still trading around 110p which is a 30p (22.2%) discount to the company which 12 months ago had a smaller online presence, less viewed minutes and more debt? Revenues will recover just as the economy does which I think will be fairly quickly once these vaccines are rolled out. If the Oxford variant is we could have the entire UK population vaccinated by end of 2021 but we wouldn't even need that to happen to quell the virus. As the vulnerable are protected deaths will fall sharply and cases will start to drop off with heard immunity. Once the aforementioned has happened spending will see record levels as people have ben saving cash throughout 2020 and are prepared to make up for lost time enjoying themselves etc. So why is that relevant, well companies will be keen to take advantage of this and thus enhance their advertising campaigns of which ITV arguably can now deliver more online as well as via traditional broadcast.
Oh and not to forget the Euro Tournament which is now scheduled for 2021 and so all the positives associated with that are also due to hit ITV are they not?
If you could enlighten me as to why that is blind optimism I'll gladly listen and learn something. Also, if you feel any of the above is incorrect please let me know as I'm keen to know if I have something wrong there.
AIMO. DYOR. GLA.
Well done to all holders who managed to keep their nerve the past few weeks! That should see and end to the intense volatility now in many UK stocks.
Very pleased to see nearly 109p just before Christmas! I’d expect a slow rise now over the next 12 months back into the 130-140 range.
AIMO. Merry Christmas.
I’ve also unwinded a few other positions in order to build cash ahead of a spike down... If anything I wouldn’t mind topping up in the 90s or even 80s but as mentioned above I don’t expect ITV to hold that level!
Then again I’m looking to hold for at least another 18 months so my hopes may not align with others.
Don’t forget, £400,000,000 cash in the bank and record viewing numbers, Brit box expanding reach and a new internal shake up to deliver a more sustainable strategy? They’re the points I’m focusing on.
AIMO. DYOR
It’s too easy to get drawn into short term movements on a SP, I myself am long and targeting 140+. For context I purchased my first ITV shares in April 2020 and my plan is to hold until I need to acces the capital in summer of 2022.
It’s easy to lose sight of ones plan whilst sitting on a paper profit but I ask myself what would I regret more:
a) Taking a 30% gain prematurely when I could have had greater gain if patience was exercised and my plan followed.
b) Sticking to my plan but it going against what I fundamentally thought would happen and ending up with less profit in the long term (or breaking even) when I think there is much less chance of this happening.
So on Brexit, either I’m going to be closer to my target price sooner or I’ll move further from it and top up in the process which is a win win either way.
In my opinion I do think there will be a deal but as previously stated it will be in the 11th hour which was never going to be by 9pm on Friday night... Expect more media headlines and a tennis match between positivity and negativity before all of a sudden a breakthrough is made probably late on Sunday night or Mid day Monday. I believe there’s too much at stake for nothing to be agreed between the two sides.
That’s my two pence on the matter. Day traders are made of sterner stuff than me, I wouldn’t have the heart to be doing that in this climate. JMO. DYOR. GLA.