ITV must now be a bargain. The current team clearly are an issue but you'd think the big American companies would recognise the bargain.

The yield is also high and can be reinvested. That really does limit the down side. You can even win here if it drops further!

Exec......wets hope not.

ITV Looks ready to surge to a new 52 week high.



Nice to have fundies running in tandem, broker target 70p........

Broker recommendation
Date: 7 January, 2010

Broker: Goldman Sachs

Very bullish article from US TA site.....

http://quote.barchart.com/texpert.asp?sym=SNR.LS&code=BSTK

Preliminary Results.

ITV held EBITA before exceptional items at 202m (2008: 211m) in a declining television advertising market.

Adjusted earnings per share flat at 1.8p* (2008: 1.8p).

Cost savings of 169m delivered, ahead of 155m target for the year.

Audience share held and share of the TV advertising market increased.

Adjusted cashflows up by 200m and net debt reduced by over 100m.

Pension deficit stands at 436m (2008: 178m), after 110m credit to reflect actions taken during the year.

ITV television advertising revenues forecast to be up an estimated 7% in the first quarter of 2010, with early forecasts for April indicating revenues up 15-20%.

Review of strategy underway.

Adam Crozier joining ITV as Chief Executive on Monday, 26 April 2010.

just bought some call warrants @ 4.91p
seems like a reasonable gamble to me, with all the bid chatter going on,
and the downside is probably no more than a couple of pennies.
my broker also has them on their buy list.
the warrants expire 17/06/11, and the strike price is 80p.
usual caveats apply, and dyor

not sure anyone else is interested in these, but just in case......

have sold my warrants today for a tidy little profit.
aim to get back in when we have this market correction that is now overdue !!!

I've also sold most of my other holdings. Will post details if reqd.

Market outlook: HSBC, Pearson, ITV, GKN
http://www.whatinvestment.co.uk/trading/markets/news/1605403/market-outlook-hsbc-pearson-itv-gkn.thtml

yeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa...

city likes this - kerrrrrrrrrrrrrchinnnnnnnnnnnnnnnnggggggggggggggggggggggggggg

Good progress in rebuilding the ITV senior team and delivery on the first phase of the Transformation Plan

- Total external revenues up 10% to 2,064m (2009: 1,879m)

- ITV has outperformed the television advertising market by 1% up 16%

- EBITA before exceptional items has doubled to 408m (2009: 202m) driven by the strong recovery in the advertising market and

the continued focus on reducing costs

- Adjusted earnings per share increased to 6.4p (2009: 1.8p)

- Net debt has reduced significantly to 188m (2009: 612m) providing a sound financial platform for the future

- ITV Studios profits have declined to 81m (2009: 91m) - emphasising the need for creative renewal already identified

- ITV Family advertising revenues are expected to be up by 12% in Q1 but comparatives become increasingly tough from Q2 onwards

- The Board intends to restore the payment of a dividend at the interim results in July 2011

Likely to join the FTSE100 in the next reshuffle.

ftse100 is an expectation rather than a hope - looking fwd to tomorrow - city happy would expect more here rather than a retrace

ITV BarCap: reiterated overweight, tp raised to 115 from 90
ITV Citigroup: buy, tp raised to 125 from 100
ITV Credit Suisse: outperform, tp raised to 110 from 100
ITV Deutsche: reiterated hold, tp raised to 88 from 74
ITV Goldman: reiterated conviction buy, tp raised to 121 from 111
ITV RBS: reiterated buy, tp raised to 125 from 115
ITV UBS: reiterated buy, tp raised to 115 from 100

Gone short here from a technical
point of view the MACD is showing
negative divergence.

It's looking interesting again!

From last results.....

We remain cautious on the outlook for 2012 - quarterly revenue trends are likely to follow a different pattern to 2011 with tough comparatives continuing into the first quarter before easing from the second quarter onwards, helped by Euro 2012.

Bought in here on the spreads (Mar contract) @ 95.2 on 20/11, creeping up, stop to entry.

Stop to 100.2 to lock in + 5

Stop to 102.2 to lock in + 7

Been over five years since sp been this high.

Panmure Gordon has said (Kiss of death :O) it foresees 'material upside' for terrestial broadcaster ITV in the New Year, as it reiterated it's buy rating and 140p target price.