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!

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.

Edit to the above. Just noticed Alphavalue downgraded the broadcaster from add to reduce. Find it amazing that anyone takes a blind bit of notice to any broker, clueless doesn't cover it :O)

Stop to 105.2 to lock in + 10

Morgan Stanley Overweight 109.90 108.70 85.00 120.00 Upgrades

Stop to 110.2 to lock in + 15

Target 120.0 (limit)

Target hit this am 120.0 (Limit) out for now + 24.8

ITV going Ex.divi this week paying a rather nice 5.8p in total, Anyone thinking of taking advantage in any way?

My target is still 140.0

Not sure it will get there this week, worth a punt long term imo, dyor.

No divi play for me this time.

ITV's first-quarter results were slightly ahead of forecasts, according to Nomura, however the broker said that Wednesday's negative market reaction was due to its cautious outlook for the remainder of the year.

"Overall, the transformational plan seems on track with strong studios guidance, cost savings on track and even an increase in viewing. However, the weaker-than-expected Q2 ad outlook will likely dominate sentiment today," Nomura said. Nevertheless, the broker kept its 'buy' rating and 130p target price for the stock.

Numis Add 127.55 136.00 136.00 Retains

Westhouse Securities Add 127.55 131.70 144.00 150.00 Reiterates

Nearly there skinny :O)

Laid on the beach here in Rhodes Town and saw a big sand worm and I Immediatly thought of you Chris LOL.....wink.

Breakout or breakdown?,very interesting TA position developing here.....

Sure you wern't looking in a mirror again gf.....wink.:O)

thuuuuuuuuuuurp.