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!

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.

Then watch this space gf :0)

11 Sep Credit Suisse 270.00 Outperform

LATEST BROKER VIEWS

Date Broker New target Recomm.
29 Sep Credit Suisse 270.00 Outperform
26 Sep Liberum Capital 255.00 Buy
11 Sep Credit Suisse 270.00 Outperform
11 Sep Liberum Capital 255.00 Buy
10 Sep Investec 236.00 Hold
10 Sep Liberum Capital 255.00 Buy
9 Sep Berenberg 184.00 Hold
3 Sep Westhouse... 228.00 Add
1 Sep Liberum Capital 255.00 Buy
22 Aug Liberum Capital 255.00

Chris

I haven't looked at ITV price recently, why the price drop ? You said that 210 was a entry point for you , did you get back in..

alders - What I actually said was 210p was long term resistance prior to the breakout to 52wk high 222.5p. And not to be surprised if 210p was retested to establish support.

I own a few and hold a number of spread bets, I last added on the spreads @ 213.27 (Dec contract) My long term target has always been 230p. In view of the broker forecasts above I may have to revise that hopefully.

I had a spread bet @199 and closed it @207 a two day trade, am thinking of going long again if it breaks 210

Nice one alders. The only possible fly in the ointment is the possibility that sp may retrace at some stage to close the gap between 195p and 185p we'll see. Either way it's a hold for me owning the shares and trade able with spread bets. Have you considered quarterly bets yet? The spread is slightly higher but eliminates overnight charges that can add up.

Thought you was walking Chris.? Anyway big match today.

Are you getting nervy.????

'Why I’m buying ITV – and you should too'

Although I prefer well-selected smaller companies, now and then I find what I call “an attractive elephant”.

My current favourite is ITV, which is valued at about £8bn at a share price this week of about 203p. It is always easy to deal in the shares, even if you are buying a large amount, and the “spread” – the difference between the buying and selling prices of a share, effectively another cost – is very low at only 0.2p.

In my view ITV has several extra advantages, which distinguish it from the other elephants in the herd.

• Following Liberty Global’s recent purchase of 6.4pc of ITV from Sky, there is a very good chance of a bid for the company during the next two to three years.

• Based on a new report from Nera Economic Consulting, there are growing hopes of establishing substantial extra revenue from retransmission charges by 2017/8.

• ITV programmes developed in recent years have been excellent and wide-ranging, including Downton Abbey, Mr Selfridge, and The X Factor. With media companies, increasing quality content is now the name of the game and ITV has been upgrading its own significantly.

• You can never be really sure but on the face of it, and based on performance to date, the company appears to be pointing its efforts in absolutely the right direction and seems to be very well managed.

• Above all for me, the financial statistics tick all of my boxes. The p/e ratio is less than 15, the growth rate in earnings per share over the next year is more than 17pc, giving a p/e to growth or “Peg” ratio of 0.9, the earnings per share growth record is excellent, cash flow is in excess of earnings and the company has a strong net cash position. Also, the current dividend yield is a reasonably satisfactory 2.4pc and is rising fast.


Extract from Jim Slater column in Telegraph 11/10/14

Lower indicators moving up on the chart could see a bounce tomorrow.

Ex-Divi tomorrow 1.4p