Nige co
08 Jun 2018
The ITV share price: why is it underperforming the FTSE 100? [link] ITV share price: why is it underperforming the FTSE 100?In the last year, the share price of ITV (LSE: ITV) has fallen by 8%, while the FTSE 100 has gained 3%. Clearly, it has therefore been a disappointing period for the company’s investors, with a slowdown in advertising revenue growth and a change in CEO causing uncertainty to build.Looking ahead, the company appears to have significant turnaround potential. Alongside a smaller company which reported positive results on Thursday, it could be worth buying for the long run.Changing outlookSince ITV is a cyclical stock, it is relatively sensitive to changes in the macroeconomic outlook for the UK. Following the EU referendum, consumer and business confidence have come under significant pressure. This has led to downgrades for the UK economy’s growth rate, which suggests that companies that are reliant on the UK for their sales could experience a difficult period.The company has also seen its CEO Adam Crozier depart. Having performed well in his role in recent years and having been a key part of transforming the company’s operational and financial performance, it is perhaps understandable that investors are cautious about his replacement, Carolyn McCall. However, with a solid track record and plans for a new growth strategy, the market may be underestimating her potential impact over the medium term.Investment potentialWith ITV’s share price having fallen in the last year, it now trades on a price-to-earnings (P/E) ratio of around 12. This suggests that it could offer a wide margin of safety. Of course, its forecast fall in earnings of 4% this year and lacklustre growth outlook of just 1% in 2019 indicate that the stock could take time to deliver improved performance.However, with a 4.8% dividend yield that is covered 1.9 times by profit, the total return potential of the stock could be impressive. With a favourable interest rate environment set to remain in the UK and an updated strategy having the potential to catalyse its financial performance, further underperformance of the FTSE 100 may not be the norm for ITV over the medium term.
W13 Ken
06 Jun 2018
Liberum reiterates buy up to 265p [link]
jackdawsson
06 Jun 2018
Re: Long @ 167.77 - closed 170.13 Last leveraged hold closed. Reasons as before, plus volume not great. Now down to 2 tranches of shares at 164+ & 174+ posted separately. Closer to 180 on those, hopefully during the WC & with cumulative divis collected, will most probably do me as a job well done. - GLA.
jackdawsson
06 Jun 2018
Re: Long 164.77 - closed 168.23 Booked quick gains on one leveraged long as FTSE very high & I've enough riding here for higher. - GLA.
Lupo di mare
05 Jun 2018
Re: 5 reasons why I'm in "he launch show of the new series of Love Island has given ITV2 its biggest-ever audience. It broke the record set by the finale of the 2017 season of the dating show.An average of 2.95 million viewers watched as the new islanders entered the Love Island villa, looking for love - and hoping to win the £50,000 prize.It's more than double the audience for last year's launch show. The premiere was the highest-rating programme at 9pm, across all channels. The show was on from 9pm to 10.35pm. In the same timeslot as the start of the show on BBC One was Suffragettes with Lucy Worsley, which got an average audience of 1.73 million. ITV had 2.32 million with The Queen's Coronation in Colour, while 24 Hours in Police Custody on Channel 4 had the third-highest audience with 2.23 million.Love Island had a 16.4% audience share and peaked at 3.4 million viewers. The total number of viewers is also likely to rise when catch up services are included. Last year's launch show was watched by 1.3 million viewers. Monday's launch saw 10 singletons, including an A&E doctor and actor Danny Dyer's daughter, arrive at the villa on the Spanish island of Majorca which will become their home for the coming weeks.They had all been coupled up when a sixth male contestant was then introduced, with host Caroline Flack explaining he had 24 hours to pick one of the women to pair up with - which will then leave another man on his own."Don't ask, just take it as being good news for us.
jackdawsson
05 Jun 2018
Re: Long @ 167.77, +164.77 Re-added 2nd long, reasons as before. Would sell both these leveraged longs closer to 170 as recent strong resistance at circa 172. Also hold 2 tranches of real shares for higher targets. - GLA.
Uncle Doug
04 Jun 2018
Re: 5 reasons why I'm in Love Island will be a big draw, already trending big ... and it hasn't even started yet. Last night's Lost Voice Guy winning BGT caused quite a media storm. Shame the Sharapova Williams match didn't go ahead but the publicity will boost interest for the later stages. Corrie did well in Soap Awards - all good publicity.
W13 Ken
04 Jun 2018
5 reasons why I'm in I've never owned ITV shares before last week but after some research and a bit of a gut feeling I've bought a few tranches in the last week.Here are 5 reasons for starters (no particular order):1. Love Island: Starts tonight and, like it or loathe it, there is a huge buzz around it and it will be watched live (great for advertising revenue) and discussed extensively for the next 8 weeks.2. World Cup: Starts in 10 days and guaranteed to draw huge viewing numbers for exclusive matches. There was a big leap in the shareprice after the last World Cup.3. Financials: Looking pretty sound with the P/E at a low level.4. CEO: Carolyn McCall was twice voted Britain's most admired leader by peers and will soon start to deliver for ITV. [link] Takeover rumours: ITV are now up to 6 channels with great viewing figures and revenue so they are remain a strong takeover target for multi-media companies.Why are you in?Cheers,
jackdawsson
01 Jun 2018
Re: Long 164.32 - closed 166.54 Settled for 2+ pts on one ITV long as I've plenty of long exposure left with 2 tranches of shares & 1 long @ 167.77. Other reasons: first of a new month usually bullish for markets. But that doesn't mean the general sell off (not specific to ITV) won't resume a while later. - GLA.
energysaver
29 May 2018
Re: ITV JV with BBC to buy UKTV i'm a bit sceptical of a joint venture.- especially if it's an attempt to rival netflix, amazon etc - they have endless amounts money to throw away,( unlike itv.) and of course, the bbc has automatic free money in the form of tv licence,( unlike itv). itv has a disastrous past history in blue-sky thinking.but the bbc has got a cracking back catalogue viewable on channels like eden and dave and gold. so if the price is reasonable - it could work well simply as additional advertising revenue. i'm assuming that uktv has permanent rights to bbc programming and has a good share of viewing and good financials.
jlovie
29 May 2018
Re: ITV JV with BBC to buy UKTV Maybe the Americans will go mad for Juliet Bravo.
WhoSparticus
29 May 2018
Re: ITV JV with BBC to buy UKTV How will this allow BBC/ITV compete with Netflix and Amazon Prime (I assume that is what is implied by US rivals including Netflix)? They aren't really in the same market. Netflix/Prime are subscription based and (in the UK) everybody will have access to both ITV and BBC anyway. ITV might marginally benefit as they can claim that adverts on Dave and adverts on ITV all add to the general income level and the BBC will continue to benefit from the legalised theft that is the licence fee.
IOMINVESTCOM
29 May 2018
Re: ITV JV with BBC to buy UKTV 29/05/2018 12:57pmDow Jones NewsITV (LSE:ITV)Intraday Stock ChartToday : Tuesday 29 May 2018Click Here for more ITV Charts.--ITV and the BBC are exploring a deal to buy Discovery's stake in broadcaster UKTV and form a joint venture worth 1 billion pounds ($1.33 billion), the Telegraph reports.--UKTV is currently owned by the BBC and Discovery, after the U.S. media company acquired Scripps Networks Interactive, but the British broadcaster has an option to buy out its partner by the end of next week, according to the Telegraph.--The BBC is considering triggering the right to buy Discovery's stake, worth up to GBP500 million, and sell it to ITV, in a move to strengthen British television to compete with U.S. rivals, including Netflix, the Telegraph reports.
jackdawsson
29 May 2018
Re: Long @ 167.77, +164.32 Re-added 2nd long (leveraged) as the drop seems more to do with a general drift down across the FTSE. Still disappointing overall. - GLA.
IOMINVESTCOM
29 May 2018
ITV JV with BBC to buy UKTV ITV considers entering into £1bn joint venture with the BBC to buy UKTV Christopher Williams, deputy business editor 28 MAY 2018 • 8:30PMITV is considering entering into a £1bn joint venture with the BBC by buying half of the Dave broadcaster UKTV, in a move to fortify British television against the increasing power of US tech giants.It is understood that the long-standing rivals are considering a deal that could redraw battle lines and accelerate attempts to create a homegrown competitor to Netflix.The window of opportunity to seal the partnership will close within a fortnight, however.UKTV is currently owned by the BBC and Discovery, the US pay-TV company behind Eurosport. [link]
