jackdawsson
16 Oct 2019
Long at 149.55 jackdawsson: Long at 133.33. Re-added 3rd long for reasons as before. Other two at 145.49 & 149.55 from a while back, with dividends booked. Closed at 133.82 for a significant, but by no means disastrous overall hit, despite all dividends taken. Reasons basic: for all my past success here, these are leveraged positions & I’ve enough exposure to Brexit-affected stocks with real shares as it is (LLOY, BARC, CNA). As some will well know, I’m focused almost entirely on trading UKX. In view of recent lows here of 102+ in August, overall it’s too risky for me to leave things down to this government getting a decent Brexit Deal. They may do? Of we could have a Deal tied to a 2nd Referendum (that’s my choice)? On the other hand, we may yet crash out. In latter case, I think this goes back down. With this move I also release yet more margin for trading UKX & in view of my success rate there since March, the rationale is sound. I genuinely hope this recovers well for existing holders. - Regards & GLA!
jackdawsson
11 Sep 2019
Long at 149.55 jackdawsson: Long at 125.03. Re-added a 4th & final long here. Closed 125.53. Though I think it’ll recover later, that’s not to say it won’t reverse again on a hard Brexit. Volume not high. But mainly I’m cleaning up more leveraged clangers to focus on trading UKX. In that respect the release of margin a bigger priority for me. Down to 3 longs here. - GLA.
Gamesinvestor1
24 Jul 2019
1H results H1 modestly better than expected • Total external revenue down 7% at £1,476 million (2018: £1,593 million) • ITV total advertising revenue down 5%, better than previously guided • Strong growth in online revenue, up 18%, against tough comparatives • Total ITV Studios revenue down 6% at £758 million (2018: £803 million) as expected, with deliveries weighted to the second half. ITV Studios external revenue was down 11% at £487 million (2018: £549 million) • Broadcast & Online adjusted EBITA was down 18% at £211 million (2018: £257 million) • ITV Studios adjusted EBITA down 2% at £116 million (2018: £118 million) • Adjusted EBITA down 13% at £327 million (2018: £375 million) • Adjusted EPS down 13% at 6.2p (2018: 7.1p) • Statutory EBITA down 16% at £310 million (2018: £367 million) • Statutory EPS down 9% at 4.8p (2018: 5.3p) Strong performance in areas we can control • Good on-screen and online viewing – ITV Family SOV flat against tough comparatives and ITV2 16-34 SOV up 7% – 99% of all commercial audiences over 5m delivered by ITV – Online viewing up 13%, with monthly active users (MAU) up 37% • ITV Studios has a strong pipeline of new and returning shows • Over 500,000 Hub+ subscribers and over 650,000 BritBox US subscribers Games - Not a great picture – I was far too optimistic on this one in the early days
Nige_co
16 Jul 2019
ITV share price: what to expect from its Q2 results IG ITV share price: what to expect from its Q2 results Financial analysts expect ITV stock to perform well because of investment in digital entertainment.
Nige_co
11 Jul 2019
Dirt Cheap ITV Investing.com UK £2,000 to invest? I’d buy these 2 dirt cheap FTSE 100 income growth stocks £2,000 to invest? I’d buy these 2 dirt cheap FTSE 100 income growth stocks shares in ITV (LON:ITV) (LSE: ITV) have also taken a hammering recently. The stock is currently changing hands at a price 40% below its 52-week high. However, I also think the market is missing something here. Investors have been keen to sell shares in ITV as the company’s growth prospects have dwindled. Analysts are forecasting a 6.7% decline in earnings per share for this year. But despite this contraction, the underlying business remains strong and is throwing off a tremendous amount of cash. In 2018 for example, ITV generated free cash flow from operations of £382m, easily covering the £315m dividend distribution to investors while leaving plenty of headroom to reduce debt. Based on these numbers, even if ITV doesn’t grow for the next few years, it looks as if the current 7.3% dividend yield is safe for the time being. That’s why I think this could be one of the best income stocks in the FTSE 100. Also, shares in the broadcaster are currently changing hands at just 8.5 times forward earnings, a multiple I believe substantially undervalues of the company. However, it could be some time before investors are willing to place a higher multiple on the business. When they do, I think the re-rating could be substantial. Historically, shares in ITV have tended to change hands for around 15-20 times forward earnings. That’s why I think this investment could be worth your cash today.
jackdawsson
17 Jun 2019
Long at 149.55 In_the_dark_yet_again: If I genuinely though the UK would crash out with no deal, I would not have bought shares, I’d have sold pretty much everything by now, the genuine global multi-nationals excepted. But, no, I don’t believe the EU will renegotiate (other than maybe merely token/symbolic, nothing really different, just ‘face-saving’) so any prospective Tory leader who suggests otherwise, it’s just wishful thinking/election lies. Hi @In_the_dark_yet_again, I generally agree with most of that, bar that with being leveraged here, I know I won’t avoid a hit. Only sensible realism ever since Theresa May was forced to resign by mostly hardline Brexiteers. Of the 6 remaining candidates for Tory leader & PM, only Rory Stewart seems to have fully grasped the complexity of resolving the Brexit mess without incurring certain economic damage. Hence, I deleveraged long positions at significant loss elsewhere a few weeks ago. Though I think any “No-Deal†scenario might involve a staggered exit, I still wasn’t prepared to risk assuming anything as 100% with leverage. Just in case certain sectors see further sell-offs in the event of a Tory PM putting his own popularity with pro-Brexiteers within his own party before the interests of the wider nation. I also don’t trust, nor have any great confidence, in current favourite, BoJo. On a positive note for ITV: support at 105+ was tested again on Friday 14th & just held. Today closed 107. So we’ve a potential double-bottom reversal, which is technically a bullish pattern in normal circumstances. However, if some blowhard new PM starts threatening a No-Deal Brexit again, that can of course soon change things for the worse. - Regards.
In_the_dark_yet_again
17 Jun 2019
Long at 149.55 LSE:ITV Or maybe it was a false dawn? Unless there is genuine news to the difference I’m still comfortable down here, might even pick up a few more if I had any uninvested dividends lying around. Obviously Brexit is weighing very heavy here (IMO) with the possibility of the new Tory leader bullying the UK into a no deal exit (people may have voted to leave but the majority certainly didn’t vote for a no deal exit!). Worst case, a no deal exit, how bad would it be? Bad, but how bad? The UK won’t just sink into the Atlantic without trace. With every huge risk it poses would also come new opportunities and a bit of short-term ‘isolation’ might actually have some benefits for very UK-centric businesses - what does ITV physically import/export - I don’t mean digital, copyright content etc, I mean physically have to move stuff across a border?.. but that’s longer-term; short-term the SP will get crucified unless the ‘damage’ is already priced in. Genuine damage or ‘risk’? In the event of a ‘no deal’ exit, the market will get crucified short-term. Some will be due to genuine change for the worse but much would be pain old fashioned fear/uncertainty - uncertainty means risk and the market always charges a premium for risk; even if the underlying business is relatively unaffected, the market will still require a higher return, meaning a lower share price for the same unchanged business. But, let’s face it, no one really knows, no one. So anyone who insists we’d be better off is making it up, assuming a best case scenario, probably based on fantasy. Me, it’s a long time since I did my Economics degree but I have kept up to date; short-term, ugly, longer-term it will probably sort itself out but I’m not going to define ‘longer-term’! If I genuinely though the UK would crash out with no deal, I would not have bought shares, I’d have sold pretty much everything by now, the genuine global multi-nationals excepted. But, no, I don’t believe the EU will renegotiate (other than maybe merely token/symbolic, nothing really different, just ‘face-saving’) so any prospective Tory leader who suggests otherwise, it’s just wishful thinking/election lies. Regards, ITDYA wondering if any of the candidates has said “we’ll renegotiate, it won’t be ‘no deal’, but we will leave 31st Oct no matter� Not a fit and proper person for any office, let alone PM!
Nige_co
14 Jun 2019
HALF PRICE SALE..... What is ITV worth? “Great news for investors – ITV is still trading at a fairly cheap price. According to my valuation, the intrinsic value for the stock is £2.13†[link]
Armageddon
11 Jun 2019
Long at 149.55 jackdawsson: But I no longer have the same bullishness here as weeks ago. Not since Theresa May’s resignation Agree. Its a trqde zone buy here. Not a hold
jackdawsson
11 Jun 2019
Long at 149.55 @In_the_dark_yet_again & @Armageddon, Mindful that nothing goes up in a straight line for long, looks to be well-timed entries from both of you. Support at 105 & no-one, bar the very lucky, buys the exact low. Screen Shot 2019-06-11 at 12.48.35.png815x873 47.6 KB As Armageddon knows from my comments elsewhere, I’ll be deleveraging from here later at some loss. Ditto, one other remaining stock. Had I entered via real shares, as I’ve done occasionally in the past, I might have different views about staying the distance for higher targets. But I no longer have the same bullishness here as weeks ago. Not since Theresa May’s resignation. IMO, the negative drag from a hard Brexit may impact ad revenues for a lot longer than previously imagined. While viewings trends are ever-changing among younger generations, for eg. Netflix or other rivals. So if we see 120+ I may exit my longs altogether, depending on volume. At least my hit here will be much lower than elsewhere as stakes were much lower. - GL to both!
Armageddon
11 Jun 2019
Long at 149.55 I’ve joined you. This stock owes me 5%. Lol
In_the_dark_yet_again
11 Jun 2019
Long at 149.55 LSE:ITV Well, I may have just stepped out in front of the bus but smallish. 4500 shares at 110.6 Thought about it last week when it seemed to have stabilised but hesitated…oh well, I never get the bottom as I never buy into a falling share. At this level I do perceive real value albeit accepting ITV is pretty out-of-fashion in the market at the moment so will probably have to wait… unless I have completely misjudged it and do get hit by the bus! Regards, ITDYA (also bought some Reckitt; I can’t really explain recent ULVR surge so buy some RB in the hope it will get dragged up on the coat tails - again, might take a while!)
Armageddon
24 May 2019
ITV appoints experienced M&A man as new CFO Itv and tw. Both playing with my bail Out percentage. However, the general ftse cull allows them a day of reprieve . Both still intact with that in consideration. But need support in the mini rally or bail out and wait next opp
Armageddon
16 May 2019
ITV appoints experienced M&A man as new CFO 114p again today*… been there once earlier
Armageddon
16 May 2019
ITV appoints experienced M&A man as new CFO Order placed to buy 114p if opens today. No idea why there is money going in here during a bit of consolidation . Maybe just retail. But 114 today would suggest maybe more to it than that. 112.6 at the mo
