ITV Added12 Apr 2024 12:17
Good morning fellow investors in the UK!
DiamondHans is here to let you know that thanks to increasingly positive noise around the ITV Studios US asset we have added ITV to the DiamondHans '5 Star' portfolio - and we are adding aggressively then holding until a takeover of ITV Group - whenever that may be...
NVDA - Holding
AAPL - Holding
RIVN - Adding
ITV - Adding
SOFI - Adding
To the Moon!
Best,
Hans
=================================================================================
Why is there so much interest from overseas buyers in British companies?
The UK stock market is lowly valued and the pound is cheap so if you’re an overseas buyer, you’re buying a cheap company in a cheap currency. The UK is trading at a 40% discount to global equities.
Do you expect any other companies in your portfolio to get approached?
ITV is an obvious takeover target. It runs the second largest studios business in the world and more than 50% of its profits come from outside the UK.
trustnet.com/news/13406966/temple-bars-lance-itv-standard-chartered-and-royal-mail-could-be-takeover-targets
=================================================================================