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!

ITV reports strong first quarter growth across all parts of the business with total external revenues up 14% at £665m. CEO Adam Crozier described this as a strong start to the year with "further growth across all parts of the business as we continue to deliver against our strategy."

An update ahead of the annual general meeting today shows that Broadcast & Online revenue rose by 10% to £530m (2014: £480m) reflecting 12% growth in NAR and further strong growth in Online, Pay & Interactive, up 31%. ITV Studios revenue rose by 17% to £224m (2014: £192m) with a return to organic growth of 8%.

"ITV Studios returned to organic growth, which contributed around half of Studios revenue growth, while our acquired businesses remain on track," the CEO said.

"We remain focused on building a global scripted business, with a number of high profile dramas this year including Thunderbirds Are Go, The Good Witch, Texas Rising, Aquarius, Raised by Wolves and Jekyll & Hyde. Looking forward to the rest of the year we have a healthy pipeline of new drama to come.

"In April we completed the acquisition of Talpa Media, the creator of entertainment formats including The Voice, The Voice Kids, Utopia and Dating in the Dark, which marked an important step forward in our strategy of building a world class production and distribution business.

"£Our Broadcast business has made a very strong start to the year with NAR up 12% in Q1 and growth across all the major categories. Online, Pay & Interactive continues to grow strongly, helped by growth in online advertising and by our pay channel ITV Encore, which launched last June.

"ITV Family Share of Viewing was down 3% in the first four months and improving SOV remains a key focus for the year. We are encouraged by a more robust recent performance including Britain's Got Talent, Ninja Warrior, Vera and well received new drama including Safe House, Home Fires and Code of a Killer. Our digital channels are growing audience share, up 3% overall year on year, and we are firmly focused on the main channel where we expect to see improvement in the second half of the year when we will have the benefit of the exclusive rights to the Rugby World Cup.

"Looking forward, ITV NAR is expected to be up around 5% in H1, and while quarterly phasing will be different to 2014, we expect to outperform the market over the full year with Online, Pay & Interactive continuing to grow strongly across the year. ITV Studios remains on track to increase revenue by around £100 million on a constant currency basis with the benefit of Talpa to come. For 2015 as a whole we anticipate further strong growth across ITV as we continue to rebalance and strengthen the business creatively, commercially and financially."

Copied from website alders.

Posted on the LSE site

Very true, you would have thought the FT would employ better informed writers


...show yet another impressive performance by ITV and the forward guidance statement is even more positive !

Cue FT and Berenberg for their moronic views once again !

It seem's the drop in advertiseing and a slight drop in viewing and the 24hour strike has spooked investers , on top of profit taking for the year.

Chris, try this this link

Cheers skinny, thanks.

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Chris

Did you get stopped out again yesterday

Are some of these brokers on drug's or what, Sell 194, hold 205

15 May Deutsche Bank 205.00 Hold
15 May Nomura 270.00 Buy
15 May Barclays... 260.00 Equal weight
15 May Berenberg 194.00 Sell

No alders still long.

Dave channel parent UKTV shrugs off 'Top Gear' demise. The owners of British TV channel Dave have promised to shrug off the demise o

Can someone c&p the FT artical

A very good mention for ITV

http://www.tiptv.co.uk/archives/a-brokers-fundamental-stock-analysis/

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Nonetheless, by talking about a tie-up for the first time, Mr Malone has indicated a significant change in thinking. Less than a year ago, he was talking up Liberty’s push into “content” — TV shows and sports rights. There was speculation the company might increase its 6.4 per cent stake in ITV, the UK’s biggest private broadcaster. Any talk of a potential deal with mobile operator Vodafone was brushed aside because Liberty was “not for sale”.

His latest comments do not amount to putting up a for-sale sign, said James Britton, an analyst at Nomura, but they do put “pressure on Vodafone’s board”.

IG index ITV news posted a chart saying that RSI maybe giving a overbought signal at 70

15,000,000 sold after close ?

alders - been notified that Cap Spreads when June future contract expires will not be offering future contracts. Do IG Index still offer future contracts?

Chris, IG index are going to rollover my June contract, haven't been notified of not offering future contracts

Great, thanks alders.