ITV @ 174.75 jackdawsson: 171.97 long, added to shares at 174.75. Reasons: much of the FTSE down due to escalating trade war fears. Targets revisable with recent resistance at 178. - GLA. 170.82 long. Re-added a 2nd leveraged position, reasons as before. Despite a general reversal across FTSE, volume here looks to be low. - GLA. Closed 173.38 - long 170.82. Booked 2.5+ points. It’ll probably have another go at circa 178 resistance before too long, but reduced exposure mostly as a time-honoured insurance policy of booking leveraged gains. Down to 1 long at 171.97 & shares 174.75. - GLA.
ITV @ 174.75 jackdawsson: 171.97 long, added to shares at 174.75. Reasons: much of the FTSE down due to escalating trade war fears. Targets revisable with recent resistance at 178. - GLA. 170.82 long. Re-added a 2nd leveraged position, reasons as before. Despite a general reversal across FTSE, volume here looks to be low. - GLA.
ITV @ 174.75 171.97 long, added to shares at 174.75. Reasons: much of the FTSE down due to escalating trade war fears. Targets revisable with recent resistance at 178. - GLA.
Finance Director to Retire from my Citywire email this morning. AJ Bell: don’t fret ITV finance director’s exit The departure of ITV (ITV) chief financial officer Ian Griffiths is nothing for investors to worry about as he leaves the business in a stronger position, says AJ Bell. Markets reacted negatively to news that Griffiths, who also acts as chief operating officer, was stepping down. After an initial 2.6% fall the shares recovered and closed just 1.2p off at 174.7p. Analyst Russ Mould said that a finance director’s exit ‘can reflect concern over the state of a company’s finances’. ‘However, the departure of Griffiths…is not one of those situations. In fact, the share price fall is a tribute to his role in the turnaround of the company’s financial position from his appointment in 2008,’ he said. When Griffiths started debt stood at more than £600 million, nearly three times forecast earnings, but is now just one times earnings and ITV has ‘rewarded investors handsomely with…dividends’. ‘Any successor will have big shoes to fill,’ said Mould.
Finance Director to Retire He’s 52 so maybe he has other plans but within 12 months sounds like an orderly change. H2 27 June 2018 Directorate Change ITV plc announces that Ian Griffiths, Chief Operating Officer and Group Finance Director, has advised the Board of his intention to retire from ITV in the next 12 months. The search for his successor will now commence and Ian will continue with his existing responsibilities until a successor has been appointed. Ian started his working career in 1988 with Ernst & Young before moving to the media group EMAP plc in 1994 where he held a number of roles, latterly as Group Finance Director. Ian joined ITV in September 2008 as Group Finance Director and has played a key role in leading the turnaround of the company. He gained recognition for his achievements in winning the FTSE 100 FD of the Year in 2013 and has regularly been voted one of the top European CFOs in City surveys. In April 2017, Ian took on additional responsibilities and was appointed Group Chief Operating Officer. Commenting on the announcement, Sir Peter Bazalgette, Chairman of ITV plc, said: “Ian has been a key part of the management team that transformed ITV’s performance. The strategy that Ian helped develop and deliver has created a strong platform for our future success and delivered real value for shareholders. On behalf of the Board and our shareholders I would like to thank Ian for all he has done for ITV.†Carolyn McCall, ITV Chief Executive, said: “Ian leaves ITV in strong financial health. He has helped me steer the strategy refresh and will continue to be involved in embedding the implementation over the next few months. I and everyone at ITV will be sorry to see him leave and we wish him all the very best for the future.†Ian Griffiths said: "ITV is a brilliant business with superb people and I have thoroughly enjoyed my time here. I am immensely proud of everything that we have achieved at ITV, not least in keeping the business together through the financial crisis and then delivering strong shareholder returns from 2010 onwards. I will be leaving a great team and a business in good shape. “I wish Carolyn and the team all the very best as they continue to take ITV from strength to strength.â€
BT's Fundamental Value Is Overlooked @nige_co, One of the new features that have been implemented is the ability to delete a post if necessary. If you post on the wrong board then just delete it and nobody will be the wiser.
BT's Fundamental Value Is Overlooked Oops apologies wrong board.
BT's Fundamental Value Is Overlooked Well worth the read. Morningstar.com BT's Fundamental Value Is Overlooked Regulatory and pension concerns are unfairly punishing the stock.
5 reasons why I'm in I bought when the shares slumped following the Ant car crash/drink driving incident, around 145p at the time. The only things we watch from ITV is Vera and Victoria, we loathe ‘reality’ TV with a passion. However, the U.K. seems to love it. The content ITV has could make a top twenty of shows not to watch in my opinion, but if people like it, give them what they want! If we can break and hold 175-180p a sustained uptrend could be on the cards. However, it would only take a negative set of Interims at the end of July to see us tumble back to 140p with plenty more room for further declines below that. Not sure I’d be buying at 175-180p until this resistance is broken convincingly. Just my opinion of course.
ITV @ 174.75 jackdawsson: Accordingly, I entered the following 2 longs earlier, posted live on the BARCplus BB, at 169.67 & 167.61. Closed both longs at 172.23. Booked 7+ pts cumulatively on these as leveraged positions. Also some resistance for ITV just above (as previous chart shows) & I expect markets to remain very volatile for a while yet. FWIW, ITV remains one of my best trading shares over the past 12 months, but that’s also involved many spread-bets, so a bit more risk taken than with real shares. Now back down to holding said 1 tranche of real shares for hopefully circa 180+. - GLA.
ITV @ 174.75 jackdawsson: I intend to hold both leveraged positions closer to resistance at circa 172+. But any moves closer to 180+ later would see me exit ITV altogether. - GLA. By the by, reasons for my targets as mentioned above perhaps better explained by a basic 1 year ITV chart from MoneyAM. Clicking on it expands it to also show 25 & 50 day MAs, then volume, MACD & RSI. Back to the football. - GLA. Chart.aspx?Provider=EODIntra&Code=ITV&Size=700&Skin=BlackBlue&Type=2&Scale=0&Span=YEAR1&MA=25;50;&EMA=&OVER=&IND=VOLMA;MACD;AreaRSI;&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0700x771
ITV @ 174.75 jackdawsson: Closed 1 tranche at 172.42, buy 164.06. I can’t find all my past posts related to these trades here, thus sorry for delay. Reasons: resistance not far above. With dividend booked, this constitutes another decent gain with ITV & leaves me with 1 tranche at 174.75 (2 divis booked there) for during or after the World Cup. - GLA. Hi all, As this BB, like many others here, seems to be slowly dying, I’ll update my activity with this stock. I still have unfinished business here with shares at 174.75. Despite obvious disappointment at the recent reversal, IMO, it’s mostly for global factors than to do with ITV specifically. Most of the FTSE hammered. Accordingly, I entered the following 2 longs earlier, posted live on the BARCplus BB, at 169.71 & 167.61. I intend to hold both leveraged positions closer to resistance at circa 172+. But any moves closer to 180+ later would see me exit ITV altogether. - GLA.
5 reasons why I'm in Uncle_Doug: England sure to progress I love your optimism! I wonder if the advertisers have a contract clause that allows them to pull the advertisements when England get ejected from the competition. Hopefully ITV have locked in the advertiser in so no matter how soon England leave, they (ITV) get the full advertising revenue.
5 reasons why I'm in With the hosts emphatic 5-0 victory and England sure to progress from a weak group ITV can start ramping up the fees. Love Island even got a lengthy mention on Andrew Neill’s “This Week†last night. Seems that everybody is talking about it. SP will be 180p in 2 weeks.
5 reasons why I'm in World Cup kicked off at 4pm today. First match covered by ITV. The 15 min half time break had 8 mins 40 sec of adverts inc companies like Apple and Screwfix that will have done the advertising revenue no harm at all.