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and JP Morgan has £1.70!

Agree Shaun. The 15% drop in the previous trading update was ridiculous.
That drop took the price down from £1+ to 80s immediately!
Clearly it was manipulated. The previous update was not bad either. Infact confirmed the dividend.
I feel today's CPI data could help rally the markets.

looking good...Atleast we have not seen 15% drop like in the last update!
I think markets are due for a rally with CPI data. If they rally then ITV back to 70s easily.

SS, CPI data 1pm US EST?

Market forces will take this either up or down.

There is U.S. inflation data for April today which is expected to come in slightly below March’s 8.5% and could signal that inflation has reached a peak and this could help rally the markets including ITV.

Tom, I condemned Carloyn for not being effective in her role but you are rebuking even other positive posts on ITV that were not about Carolyn!

Anon, am not saying it will be 120 next week after the results. But ITV fair value is 120-150p and that is the reason RWC, Blackrock and other institutions have bought recently.

Tom is clearly shorting this share. Hope he gets his timing right in closing his short otherwise he would get burnt when the rally begins. Probably he might be shorting since 120p. He and others who are shorting will need to close at some point. The day will come for the reverse to happen.

When the rally begins, you don't want to miss ITV!

Amazon lost all its pandemic gains and down 40%!
Even the best performing Anglo American (AAL) is down by 20% from its highs.

All the funds are selling off all the stocks but RWC, Blackrock, Shroders and few others have bought ITV despite the market sell off! ITV true value is 150p. It will get there.

"US core CPI out tomorrow. If it has stopped rising or shows a small drop then it could be the start of the SP turn around.
Indicators show that is has peaked."

MarbleMadness, excellent point that you made! Once CPI shows signs of drop or stagnate then we could see rally starting across the markets. On this LSE page, there is a news rolling in and I see that Dimensional fund bought few billions of US and non-US stock last week! The CEO says for every sell there is a buyer. No doubt now is the time to keep adding. We will see 90s and then £1 in coming months for sure.

Well takeover bid is possible with current mcap so low for RR. Even though there is a govt stake in RR, they can sell their stake just like how govt is selling Channel 4.

Well IAG said demand is back to 80% of 2019 levels from Q2?

RR holding up well so far.
Clearly current downtrend is due to sell off in wider market.
Just need some good news somewhere for the monster rally. May be results day could lock the bottom for RR!

BOE Chief Economist says external shocks are driving the inflation up in UK. External shocks like rising energy prices due to Russia invasion. The idiot Bojo is fuelling that war with his sanctions and aiding Ukraine with £1.3bn funds!
US has their reserves so they can still manage with the rise in oil prices but what about us.
Someone tell idiot Bojo to calm down about Russia otherwise energy prices will be sky rocketing and inflation continues to go up. BoE will continue to raise the interest rates and we end up with higher mortgage payments and crashing the housing sector too. So you see it is a ripple effect in every sector!

Current sell off is whole market and not just RR. It didn't hit 50p during Omicron and Delta waves with travel restrictions. With all travel opened up now, RR will be clocking those flying hours. BA says travel back to 80% of 2019 levels in Q2. RR already profitable and now with increasing FH, more money should be coming in.

https://www.telegraph.co.uk/business/2022/05/05/brave-buy-stock-market-dip/

A fifth argument for buying this dip is Mr Market’s tendency to overshoot. Here, it doesn’t make sense to look just at the averages but to seek out the more extreme examples of over-pessimism.

Like the 47pc fall in Cathie Wood’s Ark Innovation ETF, or, closer to home, the 32pc slide in the Scottish Mortgage investment trust share price in 2022. Or Amazon’s 25pc drop year-to-date.

Things are rarely as good as we hope or as bad as we fear, and I wonder whether, when the war is over, inflation has fallen back and Covid has finally been eliminated, we will look back on some of these price movements and wonder why we didn’t act on them.

In the long run, the dips simply disappear from the charts or at least start to resemble harmless pauses for breath. The biggest mistake we can make as investors is to be shaken out of the market by these temporary setbacks. The second error is not to take advantage of them by topping up along the way.

We can’t hope to emulate the investor who only ever buys at the bottom of the dips. We don’t need to. Investing steadily through the ups and downs is a good second best.

Tom Stevenson is an investment director at Fidelity International.

https://www.telegraph.co.uk/business/2022/05/05/brave-buy-stock-market-dip/

A fifth argument for buying this dip is Mr Market’s tendency to overshoot. Here, it doesn’t make sense to look just at the averages but to seek out the more extreme examples of over-pessimism.

Like the 47pc fall in Cathie Wood’s Ark Innovation ETF, or, closer to home, the 32pc slide in the Scottish Mortgage investment trust share price in 2022. Or Amazon’s 25pc drop year-to-date.

Things are rarely as good as we hope or as bad as we fear, and I wonder whether, when the war is over, inflation has fallen back and Covid has finally been eliminated, we will look back on some of these price movements and wonder why we didn’t act on them.

In the long run, the dips simply disappear from the charts or at least start to resemble harmless pauses for breath. The biggest mistake we can make as investors is to be shaken out of the market by these temporary setbacks. The second error is not to take advantage of them by topping up along the way.

We can’t hope to emulate the investor who only ever buys at the bottom of the dips. We don’t need to. Investing steadily through the ups and downs is a good second best.

Tom Stevenson is an investment director at Fidelity International.

https://uk.news.yahoo.com/brutal-stock-selloff-multitude-bear-201835168.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACijuvVcTPv8p95aq2IRCTukBDIh72liGz2RvGrgvWTVoqRzNz6aXLb0QtfgJakXuaw5VvibRfCj5ZFJnBYdnIfFwpLSFGIb500Pm226LqNlXMZfM56kIlwOADYHN1FEtH5k0go2A_Z-sEqSc9U_9Vb7LedXRSnbFLLAaydwiCmm

“When we look at the selloff that we’ve seen not just in the past week but the last couple of weeks, it’s starting to make a lot of sense,” said Art Hogan, chief market strategist at National Securities. “We’re finally getting to that point where everything is for sale, regardless of the quality of earnings. And that typically is what happens toward the end of a selloff, not the beginning.”

To Sylvia Jablonski, co-founder of Defiance ETFs, all the bearishness means now is time to go bottom fishing.

“When you see this type of broad-based selling across every single sector, asset class, crypto, the future of technology, the quality darlings, that tells me that we are likely closer to a bottom than we are to an additional major correction,” she said. “Multiples have come in, the froth is certainly off of the market, and that leads to investment opportunities.”

Definitely sell off is there in every sector.
ITV certainly is in a bargain territory.

SP is back to covid times when there was lockdown with no ad revenue, no dividend. How can it be back to 69p when we have dividend announced, no covid and business is expanding. Blackrock increased their holdings and still we went down to 69p. Utterly ridiculous manipulation of the stock.

It looks like big funds from all over the world are shorting UK companies and killing the mcap value of FTSE 100 companies - IAG, RR, BT, ITV, TW., LLOYDS. Since last 10yrs these companies haven't moved up. Our pensions are invested in these companies and they are getting decimated.
Twat Boris Johnson should be kicked out. He even sanctioned EVRAZ. All those invested have lost money.

Possibly there is a game plan going on to keep ITV Mcap down to deter ITV from bidding for C4?
Or, shorts think ITV is sure to win the bid for C4 but the bid will lead to more troubles for ITV due to added debt?
During the AGM, I guess there was no talk about bidding C4?

Next week update should be good compared to last year and 2019.

Causeway Capital, who were critical of RR, have increased their holdings just 2 weeks back.
They surely must be seeing the improving outlook for RR?