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Ditto. I've just picked up more. This week should be the nadir as all strikes coincide. The pressure for a settlement as workers earnings are eroded by strikes will be getting intense. I expect capitulation en-masse of all striking groups in the near term which will cause immediate rerate here. Solid albeit vulnerable to opportunist bid at this level. Directly related to infrastructure so short term swings are no great problem. The bigger picture is sound.
I'm in. This is just too good an opportunity to miss at this level and stage of the game. The train strikes will soon end as union members realise that it's costing them more and more to continue than to settle. Trainline will consequently rebound strongly. The increasing presence and use of TRN in Europe lends it to significant upgrades as the holiday season ramps up and cash comes in from an increasing band of savvy app users. The only way is up, especially if the government jump on board and accept it's platform nationally. Thanks to the nice bounce from my purchase of ITV at 57p this has given me the perfect timing to step off one escalator at the top and join another at the bottom. Solid.
I tend to agree that March progress is not a foregone conclusion, hence the cautious approach to SP given by Betenberg and Barclays who's targets are both trailing the current price. McCall has carefully included 'additional content investment, studio EBITDA margin under pressure, half year non content investment of £20m into ITVX, redemption of €335 Eurobond, increased H&S costs and inflation in studios...plus numerous references to being mindful of macroeconomic and geopolitical uncertainty'.
I am comfortable holding a reduced holding here but I am ALSO mindful of the complete hash that the BoD made of last year's annual results. Let's all hope that these cautionary notes are not a prelude to the same faux pad.
This should now comfortably head swiftly towards £1.50 before reconsolidating and revisiting £2.00 as market conditions favour the broad PMI exposure to risk.
Buying pressure is increasing nicely in anticipation of more positive news at the investor presentation on Feb 1st. The market and outlook is now clearly playing into the strengths of PMI management skills. It should see an escalating level of AuM as investors chase return on capital versus inflation.
Not concerned on this slight retrace, have increased holding. There are 3 clear trigger points due end Jan, Feb and March if you read the RNS, each of which should regain momentum. This should reverse quickly.
I'm in ....... having monitored and DMOR. The three potential bidders reignited my watch list. When the bidders dropped one by one my research into underlying value was immediately vindicated by a) management statement regarding their valuation being much higher and b) the subsequent drill results on Nov 17th. None of the parties would have had prior knowledge of the RNS that stated..."The results that we have announced this morning are some of the best that we have delivered to the market this year.
We have encountered bonanza-grade gold intercepts at Isulu including grades of 721 g/t, 210 g/t, 172 g/t, and 93 g/t which are within 100-200 metres vertical distance of surface, in 4 different intersections across the 7 drilled holes". That was the game changer for me. I expect a major player to enter the arena within the next couple of months given that the next trigger is imminent ie first gold pour at Singida. Solid and very undervalued with unhedged gold price exposure.
It's the combination of factors that is provoking caution. The increase in streaming is very good but not exceptional given that Matt Han**** was driving I'm a Celeb and a lot of hype pre-launch was in place. As I said earlier I am waiting to see churn rate in Jan And Feb....that is key. Retention is everything for advertiser loyalty. Increased overheads were highlighted in the last t/u for studios plus the erosion from all the strikes in getting staff around. I was looking for a barometer of current UK advertising spend and the last RNS from Reach certainly indicated tightening budgets. I like ITV's AI led ad service and it could be the key to advertiser engagement but it's all back to viewer satisfaction and churn. I had expected to see a doubling in streaming over Hub given the high profile programmes in Dec.
Good start but must admit I expected greater initial interest in ITVX given the up front priming. It's the all important churn rate that I want to see before bringing my holding back to its previous level. The effect of overheads and strikes will be having an derisive effect on productions so churn rate in media is vital to the next step which is highlighted by recent analyst research and broker stance. The next quarter is pivotal for me.
Looks like start of big reversal from lows as investors seek broad-based products and look to asset managers with good growth platforms. Solid.
Hmm.....I'll buy in here as soon as the shockwave passes through the FTSE 100..... I still think we'll revisit 6375 before this year is out....just a gut feeling but one that's served me well many times. Hope I'm wrong but history suggests otherwise.
Sorry guys I accept the average reviews are around 3.6 but I'm more concerned with the post-Christmas reviews by users. If you check user reviews from 25th to present I think you'll see that ratings are dropping off a cliff to one and two stars. That means high churn rate and it's the latest reviews that concern me. We need to hold onto app newcomers by upping the experience. We can't have loads of 1* reviews at this stage if the game. Hopefully these teething problems being sorted asap otherwise downgrades will follow.
I've reduced my holding on the ITVX app reviews. If you check actual consumer feedback on the app reviews they are pretty shocking at 1* out of 5. Bit concerned but sticking with smaller exposure. I've had no problems but I may not be representative. Just hope ITV get it together or churn will erode progress.
As you kept reminding me and I agreed it all depends on churn and uptake. I am slightly concerned that I did expect comparison to Hub to be 'substantially' more than 138% due to trigger factors. I assume that's what caused the broker caution. Time will tell with NY updates.
All shares are being subject to the same external forces at the moment. These swings are not ITV specific rather a reflection of investor sentiment in the wider world. The underlying investment case here still stands and holders and new investors at this level should be handsomely rewarded.... as for Chinese covid, Russian aggression and fuel supply dependence on winter temperatures.. your guess is as good as mine.
The eternal takeover prospect, whilst always mooted and possible, is increasingly probable as the streaming success of ITVX translates from beta to full service giving a window of opportunity when there is a decent cable rate. Both scenarios look ok to me as ITV is certainly worth north of £1 imo.