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!

I did reply alders but there seems to be a problem sending it. I'm holding to answer your question 250p target.

I did read that the selling last week was partly due to people thinking is was to high at 233 -236 , results next week should be interesting. They showed live championship boxing on ITV1 and ITV4 saturday, first time for a long while.

Price falling before tomorrow results , WHY ?

Final Year Results 2014

ITV set for continued growth after another strong year
Full year results for the year ended 31 December 2014
Another year of strong revenue growth in all parts of the business
· Total external revenue up 8% to £2,590 million (2013: £2,389 million)
· 6% growth in Net Advertising Revenue to £1,629 million (2013: £1,542 million)
· Online, Pay & Interactive revenue up 30% to £153 million (2013: £118 million)
· ITV Studios revenue up 9% to £933 million (2013: £857 million)

Fifth consecutive year of double digit profit growth
· EBITA before exceptional items up 18%, to £730 million (2013: £620 million)
· Broadcast & Online EBITA up 17% to £568 million (2013: £487 million)
· ITV Studios EBITA up 22% to £162 million (2013: £133 million)
· Adjusted PBT up 23% to £712 million (2013: £581 million)
· Adjusted EPS up 23% to 13.8p (2013: 11.2p)

Delivering value from investment in quality content - ITV Studios, on screen and online
· Non-NAR revenue up £116m, or 10%, to £1,327 million (2013: £1,211 million) - now 45% of total revenue
· ITV Studios is now a global player of scale with 3 further international acquisitions in 2014
· Online, Pay & Interactive revenue is a growing and profitable part of the business
· Broadcast launched our first new channels in almost a decade
· ITV Family SOV was down 5%, after 4% growth 2013, and this remains a key area of focus for 2015
· Continued strong growth in video on demand, up 26%

Confident in delivering further strong growth in 2015
· Expect another strong performance in 2015 with continued revenue growth in all parts of the business
· NAR expected to be up 11% in Q1 and up 4-7% in April and we expect to outperform the market again over the
full year
· Online, Pay & Interactive revenue will continue to grow strongly
· ITV Studios again expected to deliver around £100 million revenue growth on a constant currency basis in 2015 with
a return to good organic growth

Clear opportunities for further investment while increasing shareholder returns
· Reflecting our confidence in the ongoing growth and cash generation of the business, the Board is proposing a final dividend of 3.3p per share, giving a full year dividend of 4.7p per share, up 34%
· The Board is proposing a £250m special dividend of 6.25p per share

LATEST BROKER VIEWS

Date Broker New target Recomm.
6 Mar Liberum Capital 310.00 Buy
5 Mar Exane BNP... 225.00 Neutral
5 Mar Berenberg 194.00 Sell
5 Mar Barclays... 250.40 Overweight
5 Mar Nomura 260.00 Buy
5 Mar Liberum Capital 255.00 Buy
5 Mar Goldman Sachs 284.00 Conviction Buy
4 Mar Credit Suisse 270.00 Outperform
4 Mar JP Morgan... 251.00 Overweight
4 Mar Investec N/A Hold
Broker Recommendations for ITV

LATEST BROKER VIEWS

Date Broker New target Recomm.
6 Mar Liberum Capital 310.00 Buy
5 Mar Exane BNP... 225.00 Neutral
5 Mar Berenberg 194.00 Sell
5 Mar Barclays... 250.40 Overweight
5 Mar Nomura 260.00 Buy
5 Mar Liberum Capital 255.00 Buy
5 Mar Goldman Sachs 284.00 Conviction Buy
4 Mar Credit Suisse 270.00 Outperform
4 Mar JP Morgan... 251.00 Overweight
4 Mar Investec N/A Hold
Broker Recommendations for ITV

Chris

Been lucky with my ITV spreads, 2/3 buy @229.55, stopped out @223, on 3/3

Bought again 3/3 @ 222.62 sold on 4/3 @ 243, my sell limit was 239 at the close and good old IG index sold them @ 243 a slippage of 4p

Well done alders :0)

LATEST BROKER VIEWS

Date Broker New target Recomm.
9 Mar Westhouse... 267.00 Add

Still going to sell on your 250 target ?

Just opened a buy on CINE @ 458 S/B

That's the plan bar last SB opened @ 227 but stop at entry so risk free.

ITV had a mention on Tip tv morning market round up

It should hit 260p by end of week

http://www.nytimes.com/2015/04/07/business/weinstein-company-is-said-to-be-set-to-sell-tv-unit-to-itv-studios.html?ref=business&_r=0

I called IG index , and am going to remove the stop on the 29th, ex div on 30th

3.3p and special div of 6.25p

Ok alders. Sorted then.

Shareprice fallen back from the 270's , can't see any reason why except the bid hopes have gone off the boil for now.

Price made a recovery near the close

Went up to 270 and fell off a cliff down to 263, and that's with a broker upgrade

alders look at the chart pattern, firm uptrend as long as it continues on any downward pressure to bounce on or just below 25DMA will remain intact. IMO do your own research.