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!

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.

Interims on the 30th.

Nomura Buy 159.50 165.00 - Retains

Credit Suisse Outperform 159.50 150.00 180.00 Reiterates

Half Yearly Report

ITV delivers strong growth and continues to rebalance

Continued double digit growth in Non-NAR revenues
· Total Non-NAR revenues up 11% to £568m driven by ITV Studios and Online, Pay & Interactive
· Total ITV Studios revenues up 11% to £395m
· Online, Pay & Interactive revenues up 19% to £56m
· ITV Family NAR down 3% as expected
· Total external revenues up 1% to £1,144m

Improved margins and double digit profit growth
· EBITA before exceptional items up 11% to £291m
· ITV Studios EBITA up 26% to £63m
· Broadcast & Online EBITA up 7% to £228m
· Adjusted PBT up 16% to £270m
· Adjusted EPS up 15% to 5.3p

Investing in strategic acquisitions and delivering increased shareholder returns
· ITV Studios completed acquisitions in the UK and the US
· £20m cost savings on track
· Profit to cash conversion strong at 100%
· Net debt of £52m following acquisitions, dividends and further debt repayments
· Board has declared an interim dividend of 1.1p up 38%

Positive outlook underpins performance for the rest of 2013
· Expect ITV Family NAR for nine months to the end of September to be broadly flat following a good Q3 up 9%
· Confident of delivering double digit revenue growth in Online, Pay & Interactive and ITV Studios over the full year

Deutsche Bank Hold 167.50 115.00 150.00 Upgrades

Exane BNP Paribas Outperform 167.50 - 185.00 Reiterates

Nomura Buy 167.50 165.00 170.00 Retains

Bank of America Merrill Lynch Neutral 167.50 128.00 171.00 Retains

Looking good these, awaiting a possible entry point.

My minimum target would be 190p.

In at last.. Any time frame on that 190p Dill? -):

The week after CCFC get in the top 3 :-)