ITV Live Discussion

jackdawsson 09 May 2019

Long at 149.55 @In_the_dark_yet_again, Thanks. Your added caution was wise. Good call staying out. Aside from Trump’s generally damaging tweets hitting sentiment across global markets, here we also have the Brexit impasse. The longer that drags on for, the more negatively it impacts on stocks like ITV & stops them recovering better ad revenues. This issue could be with us for a very long time yet. ITV currently down to 119+ as I write % losing long-term support of 121+, though closing SP far more important than intraday moves. Mindful that markets can be irrational for long periods in either direction, that frequently sees stocks oversold or overbought, fair to say that this is likely to be a longer-term hold. I’ll also not add more for a few reasons, however low it goes. - Regards.

In_the_dark_yet_again 08 May 2019

Long at 149.55 LSE:ITV seems over done to me too; it’s not like these numbers weren’t expected. Then again it’s a nervous market with the Trumpster rattling the sabre and there is nothing compelling about ITV in the short-term unless you’re buying into the endless takeover rumours. Any rally here seems to get wiped out at the tiniest hint of anything other than good news (and there’s been precious little of that here in recent times) I would be tempted (am tempted) but it does feel a little like stepping out in front of a bus; it might stop before it hits you in which case you’ll be fine, otherwise… Regards, ITDYA

jackdawsson 08 May 2019

Long at 149.55 Long at 125.03. Re-added a 4th & final long here. Reasons: a poor reaction to results, but it seems overdone. Also a L/T support level not far below. Target immaterial for now, but back over 130 might tempt me on this one. - GLA.

jackdawsson 07 May 2019

Long at 149.55 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. ITV’s Q1 update tomorrow. I’m mindful things can go either way, but largely feel that most negatives may be priced in near these levels. If I’m wrong, will hold on. Target on this add circa 138+ again. - GLA.

jackdawsson 04 May 2019

Expected Q1 Results Hi Nige, Thanks. A lot more positive from Liberum & let’s hope they’ve called this about right, mindful that as with any reports, things can go either way on the day & sentiment can be an added driver until bigger funds process finer details. Not that my opinion matters, but it makes sense to hold on as you intend & collect a decent yield, come what may until exit target seen. I’ve done the same many times with beaten-down stocks, even averaging down, to exit with decent overall gains, though some take appreciably longer than others. For eg. another of my holds is VOD where I’ve far more staked. That’s been in a similar prolonged downtrend as here. VOD reports on 14th May & similar applies there. Bar those rare exceptions where a stock’s fundamentals see disastrous downturns, sticking by the time-honoured, more patient approach of holding until economic & political macro-factors become more favourable to a sector, seems perfectly sensible to me. It also stops us from overreacting emotionally to often irrational markets before more realistic price corrections are seen over varying periods. - Regards.

Nige_co 04 May 2019

Expected Q1 Results Hi Jack, I’m in for the long haul mate, having bought in at 178p. At least I’m picking up the dividends along the way. Long-term I’m confident that the share price will recover, I may have to wait for the next word cup though, 2022. Lol. Fingers crossed for Wednesday results, I’m hoping that the results won’t be has bad as the market is expecting. I enclose another ITV link that may interest you. Cheers mate. www.proactiveinvestors.co.uk/companies/news/219599/stv-first-quarter-numbers-provide-positive-read-across-for-itv-says-liberum-219599.html/

jackdawsson 03 May 2019

Expected Q1 Results Hi Nige, Thanks for posting link. Obvious grounds for caution & not what we wanted to read at this stage, but perhaps not that unexpected in view of ongoing macro-factors. Of note, we’ve closed as low as 122.85 in late December & a few times at circa 125+ in recent months. More recently on 28th March. So circa 123+ remains a key support level if results should be worse than market expects. OTOH, we need a favourable report to get past 140+ shorter-term resistance with momentum, last tested mid-April. Perhaps it seems wishful thinking to consider that might happen anytime soon the way this Brexit process is being delayed with the same, lame arguments revisited over & over again with no end in sight. Just bad timing for those of us involved in certain sectors. But once said issues have greater clarity, better recovery seems doable. That said, with still holding 2 longs at 145+ & 150+, with decent dividends booked, over 150+ would probably see me exit altogether. That’d be no reflection on the stock, but more so my leveraged situation. - Regards & GL. Screen Shot 2019-05-03 at 14.12.24.png820x870 51.2 KB

Nige_co 02 May 2019

Expected Q1 Results IG ITV share price: what to expect from its Q1 results ITV advertising revenue will suffer at the hands an uncertain economic and political environment, while investors eagerly await an update on its Q1 performance next week to see if its ambitious growth plans will bear fruit.

jackdawsson 18 Apr 2019

Long at 149.55 jackdawsson: Long at 134.58. Closed 138.61. Booked 4+ pts & recent dividend of 5.4p. Makes sense with leverage with Brexit uncertainties far from resolved. Still 2 longs left for higher targets. - GLA.

jackdawsson 03 Apr 2019

Long at 149.55 jackdawsson: Long at 126.48. Closed 132.12. Booked over 5.5pts for reasons as before. Much continues to revolve around Brexit. Sentiment very fickle. Though ITV goes ex-date next week, I still have 3 longs to take advantage of any further rise or dividend. - GLA.

jackdawsson 29 Mar 2019

Long at 149.55 Long at 126.46. Re-added a 4th long for reasons as before. Seems well oversold for the usual reasons: ie. ongoing Brexit uncertainties. - GLA.

jackdawsson 20 Mar 2019

Long at 149.55 Long at 134.58. Re-added 3rd long for reasons as before. Target on this one again lower than others. Reasons: I still strongly anticipate an extension to Article 50 & a significant boost to stocks like ITV. - GLA.

jackdawsson 19 Mar 2019

Long at 149.55 jackdawsson: Long at 133.58. Closed at 136.62 for 3+pts. Reasons for booking gains as before. Volume also looks on the low side, though I’m confident this will be much higher again at some point. Two leveraged longs left for higher targets. Would re-add again on any retrace. - GLA.

beansfordinner 18 Mar 2019

ITV climbs on zombie M&A speculation Order in 139.7 Im not seeing the buyers in this low really so maybe a breakout will confirm it. If order strikes il be locking down entry price that day lol

Nige_co 18 Mar 2019

ITV climbs on zombie M&A speculation "After meeting Liberty Global finance chief Charlie Bracken this week, analysts at New Street Research noted that ITV was in the thoughts of the US media giant. Bracken "didn’t want to get people thinking they are suddenly going to buy ITV,” New Street said, but “it was hard not to leave the meeting with the view that it is being given some level of thought internally”. I can’t say that I’m surprised that Liberty are thinking of ITV at today’s bargain valuation. I expect Liberty will be waiting for the Vodafone deal to go through first. One of these days the speculation will come true.