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!

FRANKFURT, Aug 25 (Reuters) – European broadcast group RTL still has scope for major acquisitions this year and has a pipeline of opportunities it is reviewing, its top executives said on Thursday.

"We can still afford to do some significant M&A this year. It's usually rather a matter of identifying opportunities that fully meet our strict investment criteria," Chief Financial Officer Elmar Heggen said in an interview with Reuters.

Asked about potential interest in UK broadcaster ITV , whose share price dropped 30 percent following Britain's vote to leave the European Union, co-Chief Executive Guillaume de Posch said: "We never speculate on any rumour in the market."

"We are very focused on implementing our current strategy. Our M&A strategy is focused on expanding our content and digital business," he added. "We've got a lot on our plate."

(Reporting by Georgina Prodhan; Editing by Maria Sheahan) ((georgina.prodhan@thomsonreuters.com; +49 69 7565 1279; Reuters Messaging:

Further to the announcement made by ITV plc ("ITV") on 10th August 2016, ITV announces that it has withdrawn its proposal to acquire Entertainment One Ltd ("eOne").



ITV continues to believe in the strategic logic and potential benefits of acquiring eOne but has a clear view of the value of the business, recognising that this value would need to be verified by appropriate due diligence. It appears this value is different to the level at which the Board of eOne would currently engage in a more formal process.



ITV has a clear strategy to build a stronger, more diversified international business and will continue its disciplined approach to evaluating its healthy pipeline of potential investment opportunities.

ITV has not joined in the FTSE rise in recent weeks, quite the opposite infact.
2517

Very active all of a sudden, I've not seen any reason why.
2517

Lower indicators looking overbought, outside Bollinger Band which always makes me nervous. Resistance 200p.
<img src="http://charts.moneyam.com/Chart.aspx?Provider=EODIntra&amp;Code=ITV&amp;Size=620&amp;Skin=BlackBlue&amp;Type=3&amp;Scale=0&amp;Span=MONTH3&amp;MA=25;50;200;&amp;EMA=&amp;OVER=SAR;AreaBB;&amp;IND=VOLMA;MACD;SlowSTO;AreaRSI;&amp;XCycle=&amp;XFormat=&amp;Layout=2Line;Default;Price;HisDate&amp;SV=0" alt="Chart.aspx?Provider=EODIntra&amp;Code=ITV&amp;Si" />

<img src="http://charts.moneyam.com/Chart.aspx?Provider=EODIntra&amp;Code=ITV&amp;Size=620&amp;Skin=BlackBlue&amp;Type=3&amp;Scale=0&amp;Span=MONTH3&amp;MA=25;50;200;&amp;EMA=&amp;OVER=SAR;AreaBB;&amp;IND=VOLMA;MACD;SlowSTO;AreaRSI;&amp;XCycle=&amp;XFormat=&amp;Layout=2Line;Default;Price;HisDate&amp;SV=0" alt="Chart.aspx?Provider=EODIntra&amp;Code=ITV&amp;Si" />

WTF Chart wont post.

I think someone at MAM has done an "on the fly" change - and it hasn't worked!

All threads historic postings are affected!

The rise in ITV shares looks to be on the back of an all cash bid of 10.75 for SKY.
2517

WOW, SKY never saw that coming, no wonder ITV up.

Today's rise may well have been a sector effect following SKY, but ITV was at a depressed level - well below its true value (not only my opinion, today's performance kinda says so).

All it does is bring it back to a more realistic level.

I'm a holder, and a little reluctant to say - if this is not supported by something, anything, we may see the gain chipped away again.

Then again, maybe not. If a cup-and-handle formation approaches! It is a faintly rising chart, considering June's low, so it could fit.

Find out Monday no doubt. Full year results 1st March. Let's hope by Monday MAM have sorted out the chart problem, not just on this thread.

Sky bid coincides with tip of the week in IC. Kiss of death?

No news out so what's prompted the near 4% fall today?
2517

bought a few the other day from the proceeds of my top-sliced FEVR :-)


* ITV +2.5%, top of FTSE 100
Goldman Sachs adds stock to its conviction list
* Broker says broadcaster is a likely M&A target, risk reward currently attractive after poor share price performance
* JPMorgan ('overweight') lifts TP to 235p v 225p, and Liberum repeats "buy", 340p TP
* Stock now just 5% below levels seen prior to Brexit vote, which made advertisers nervous & spurred sharp knee-jerk selloff
* JPM says while Brexit an obvious risk, ITV shares are cheap (12.5x 17E P/E) on low expectations
* ITV among JPM's top picks in European Media & Internet
* Liberum flags UK GDP/consumer performance looks to be holding up despite previous concerns over Brexit and there has been no breakdown in the relationship between UK ad spending and GDP
* Broker says recent results from most retailers/supermarkets (c.20% of ITV's ad spending) also a positive read-across
* Simon Brazier, who runs Investec UK Alpha Fund, topped up on ITV post Brexit vote, backing its growing content production arm, which makes it less susceptible to cyclical swings in TV advertising
* Among most heavily traded UK blue-chip stocks on Friday

Up 8p today on very high volume (57m)

Black Rock go below 5%.

Finals out on Wednesday

Preliminary Results http://http://www.moneyam.com/action/news/showArticle?id=5504246

Looks good + a special div of 5% alert!

Decent enough results, final divi of 4.8p making 7.2p annual divi, and there is a 5p special divi.