Member Info for Strode

I have to say that whilst the markets at present are pretty much lack luster, ITV really does take the biscuit.

I think the market just does not like ITV . . this is mainly due to the fact that their strategy, Ref Pay Chanel, is
perhaps a step too far. Pay Per View and subscription is all but saturated. NetFlix for example is now about to experience a sea change and its focus is on keeping subscribers. The quality of entertainment content of many subscriber channels is very high. ITV should have applied the current plan at least 5 years ago, then it would have been in for a chance of gaining a strong foothold . . its at strategic decision taken a bit too late. ITV has an uphill struggle to (1) produce the quality required to compete, and (2) attract the critical mass to ensure future viability. (3) it then has to attempt to backtrack to gain Ad Revenue, much of which id hopelessly diluted.

As regards the SP, let's face it this week it should have risen quite a bit as buying moved in for the dividend, or Dividend dodge. But this has not happened, which is a sure sign that the market just does not consider ITV as a play under any circumstances.

I admit I am not a holder of ITV, due to the above.

Capitalistpig . . . how on earth were you expecting a small rally on EX Dividend Day??????? or ideed
possibly a day or so after????

Oops NO, Not 5 million shares 2.2 Million shares £5mill value.

Fully appreciate and understand the predictable comments, I can see that it's certainly not common for posters to declare their actual holdings in a particular stock.

Yes, I was comfortable a few days ago but I am significantly more comfortable now as I feel to hold any longer would result in a return to the start. (1.68 ish)

Frank Crisp . . . well as far as the 6p divi is concerned, well perhaps you can do the maths, and you will find that is a tidy sum. But of course, after-tax it is somewhat reduced, but still a healthy sum when added to the profit on the overall sale.

I am 67, I have traded since I was 21, so you could say I am quite experienced, and yes even quite knowledgeable. over 46 years I have built quite a sizable capital base . . . oh and yes I have indeed lost quite a bit too along the way, but that's the market for you, Indeed I have most probably been trading much longer than most on here. Since Margaret Thatcher and the deregulation of Markets, opening them up to the masses (a good thing by the way) as markets have become infinitely more accessible and liquid. But unfortunately, I constantly see that those with perhaps less experience tending to make serious mistakes, holding on the the "What Ifs" and "Hopes" both of which do not, and should not, play any role in Investment Decisions or investment planning

My main play is Oil . . . The Futures Market, that's where I make, for want of better term, my bread, and butter . . . hence this late posting as I am due to enter my trades on the Asian Markets which have just opened.

I very very rarely post on forums, if at all. In fact, I will most probably not post anymore, it's just not my thing.

I am now out.

Problems ahead, the stock is now super vulnerable . . . and here is why, MnG provide investment Funds to those who know very little about stock trading so they leave it to others. They place their funds in the hands of experts such as MnG.

Now those investment funds look as though they will not perform well, entirely due to the covid variant Delta, plus with Afganistan sending jitters in the world markets and the likelyhood that any firther possible growth is far off.

Therfore MnG looks as if its Funds will suffer, that said so too will their earnings prospects for at least the next 24 months, this will affect future prospects overall.

I have therfore sold my 5million share holding. I bought at around 1.68 average so selling at 2.10 produced a tidy profit plus of course I get to pocket todays Dividend.

I did, as I have previously posted under the Title "Amazed" find it strange that the price was moving contra to market norms soon after a little closer study I concluded there to be problems ahead. I therefore sold.

Hi Gold 5,

You misinterpret my post. I am not suggesting that MNG is of poor quality as that is certainly not the case.

My point was entirely base on the PRICE movement and the Contra therein.

Sorry for the second post I could not see my first issue and thought that it had not appeared.

Yes, I confirm that I do hold stock at 168.605, so I am from a value point of view comfortable.

The title of my post "Amazing" and that says it all.

The share performance leading up to this date is indeed very POOR. unusual considering ExDiv looming. that is the point I wanted to make . . . I certainly was not expecing an eviction notice . . . sugesting that I shut up and sell my holding.

Normally a share price will gradually rise around a week or so leading up the the ExDiv Date.

Upon the Exdiv Date the share will drop, Again usually by roughly or just beyond the actual value
of the Dividend . . . then about four to six weeks after the Exdiv Date the share will just about revover to pre
Exdiv value.

M&G has done precisely the opposite, actually falling one week prior to the EXdiv date, I cannot see it rising on the EXdiv date but falling even further, so even after getting the 6p divi new holders will be nursing a share value loss.

Very Poor performance.

Normally a share price will gradually rise around a week or so leading up the the ExDiv Date.

Upon the Exdiv Date the share will drop, Again usually by roughly or just beyond the actual value
of the Dividend . . . then about four to six weeks after the Exdiv Date the share will just about revover to pre
Exdiv value.

M&G has done precisely the opposite, actually falling one week prior to the EXdiv date, I cannot see it rising on the EXdiv date but falling even further, so even after getting the 6p divi new holders will be nursing a share value loss.

Amazing.

Looks like a lot of profit taking. . . taking place.

Plus all those who jumped in very early this morning at 280 plus after
reading the sunday papers are nusring a little loss.

What wories me slightly, just very slightly, is the possibility that Fortress will either
lose patience, or become insulted by the fact that allowance has been made to
CD&R giving it more time to produce a better offer, which will certainly have to be
in the region of 2.84/ 2.86. So that will leave Fortress out, meaning they will have to
counter . . but will they?

Moriisons is worth £3.00 and any price under that is a steal. If fortress come back with
a counter (and are not upset and insulted) they will have to come within the region of
£2.90.

I do still think that Amazon are in the background somewhere. If I am right they could well
come in at the last minute with closer to £3.00

With the CD&R Counter Bid likely to be announced in the next few days we should see a hive of activity. Bear in mind that CD&R already have a significant presence in the UK as it owns Motor Fuel Group (MFG) the largest forecourt owner operator in the UK with 900 petrol stations, all well presented and rum by an excellent management team. The firm also operates a well run "Click and Collect" service for parcel deliveries from UPS, FEDEX, and a host of other national delivery networks.

I see a near perfect synergy with the integration of Morrisons. MFG, and Amazon. To that end I firmly believe that Amazon will play a Major role in the full take over of Morrisons . . .

Hi Kingalf

Firstly Amazon certainly would not show its hand until it is able to see how the current game plays out.

Secondly, an Amazon bid for Tesco is in fact a complete non-starter. Why? because there would be severe Political opposition to any such moves, not to mention quite a few extremely large and very very powerful investors who would in fact see that such a move fails. Amazon would lose tens of millions of pounds in cold blood just in the bidding process, which would fail. You see when a bidder comes forward in this league its costs a considerable amount of money in fees.

Tip for you. Fortress, when it loses the bidding war for Morrisons, will still be sitting on around $9 billion without a home, so where will it go or where will a large amount of that cash pile go . . . I suggest looking at BandM.

Regards

Strode

My first posting. I hold shares. I am of the opinion that the Fortress bid which is supported by Appolo and now the Singapore Soveriegn Wealth Fund is an opportunist one. Fortress is looking at this as a relatively fast buck. To make the returns they project they will have to adopt a massive sell off of the property portfolio. Further to enhance their return they will also have to focus on a strategic large scale cost cutting program which will include selling off much of the food manufacturing operations. Thus making Morrisons an much leaner operation purely focused on food retail.

I am banking on Amazon moving into the Bidding taking the price up to to around £3.00. It will provide Amazon with a ready made mass food retail and distribution estate, with a fully competent workforce with a well versed management structure thus instantly projecting Amazons ambitions and taking them to critical mass almost overnight, all without having to spend the next 5 years attempting to build from ground up, possibly costing significantly more, with the added possibilty of failure half way through that build up.

Morrisons is ready made, hassle free, and therefore cheap at £3.00.