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!

British Sky Broadcasting has sold a shareholding of approximately 6.4% in ITV to Liberty Global Incorporated, a wholly-owned subsidiary of Liberty Global.

The sale by Sky consists of 259,820,065 ITV shares at 185p per share for an aggregate consideration of approximately £481m. Sky intends to use the proceeds for general corporate purposes.



Story provided by StockMarketWire.com

Closed a couple of spread bets (be rude not to) @ 206.0

Resistance 210.0 chart looks way over bought. Target still 230.0 long term or sooner if buyout occurs.

Half Yearly Report

ITV on track to deliver another year of growth

Revenue growth delivered by all parts of the business
· Total external revenues up 7% to £1,225m
· ITV Family NAR up 7% ahead of the market, as expected
· Online, Pay & Interactive up 20% to £67m
· Total ITV Studios revenues up 2% to £402m

Another period of double digit profit growth
· EBITA before exceptional items up 11% at £322m
· Broadcast & Online EBITA up 10% to £250m
· ITV Studios EBITA up 14% to £72m
· Adjusted PBT up 16% at £312m
· Adjusted EPS up 15% at 6.1p

Further investment in content - ITV Studios and on-screen
· Completed acquisition of 80% of Leftfield Entertainment
· Acquisitions coming through as expected
· Investing in organic growth of our international scripted business
· Successful launch of ITV Encore - ITVBe on track to launch later this year
· ITV SOV down 3% in H1, improved from Q1
· Further strong growth in long form video requests, up 20%

Positive outlook for full year and next phase of our strategy
· Total cost savings of around £15m for the full year - £5m ahead of original target
· ITV Family NAR expected to be up 4% to 5% in Q3 and up around 6% in the nine months to 30 September. We will significantly outperform the market over the full year
· Online, Pay & Interactive will deliver strong revenue growth, at least in line with H1
· Our acquisitions will ensure continued good growth in ITV Studios this year and into next year, and we will see a return to good organic growth in 2015 helped by investment in scripted
· Looking ahead we are committed to our original vision for ITV
· We see clear opportunities for investing in growth across the business - in content, online, pay and advertising
· As our strategy evolves we will continue to rebalance the business and grow new revenue streams and there will be an increasing emphasis on international content creation and distribution

Delivering increased shareholder returns
· The Board has declared an interim dividend of 1.4p which will be roughly a third of the full year dividend
· The Board has committed to at least 20% annual growth in the ordinary dividend over the next three years

Having another go to crack resistance @ 210p

Credit Suisse New Target 250p outperform.

ITV breaks out today. Wait till confirmation early wednesday before going long. Plenty of take over talk here,.

Brilliant gf how astute are you? tomasz time to go short? ARRIVERDICI !

Chris its finding them that counts.

Have you got a system that as flagged up 52 breakouts to watch today?

No mate, I find it helps to be trading the stock before not after the event. I'm hoping SGE might be next, feel free to flag it on the thread if or when it occurs.

Chris SGE been coming up for the past 2 week. You need to look at multiple time frames.

Its in a long term uptrend channel and is off the base line. Im very bullish .

ITV breakout, Liberum slap a 255p BUY SP target on the stock.

Worth a read.....

http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/11064518/Liberty-Global-positions-for-ITV-takeover.html

ITV BROKER RECOMMENDATIONS

Date Company Name Broker Rec. Price Old target price New target price Notes

01 Sep 14 ITV PLC Liberum Capital Buy 217.60 255.00 255.00 Reiterates
18 Aug 14 ITV PLC Credit Suisse Outperform 217.60 250.00 250.00 Reiterates
08 Aug 14 ITV PLC Westhouse Securities Add 217.60 220.00 228.00 Reiterates
31 Jul 14 ITV PLC Numis Buy 217.60 260.00 260.00 Retains

New highs today.

9 Sep Berenberg 184.00 Hold ?

Added @ 213.27 on the spreads (Dec contract)

That potential suiter says its not going after it now.

Gf - Does this look the face of concern! :0) :0)

Yes.