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ITV - Shares on the turn

July 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ITV
  • Price:
  • 171p
The shares bounced after a strong first quarter update from ITV, which noted revenues increasing 5%, driven by a 3% increase in its main advertising division, Broadcast & Online, thanks to a 6% rise in its share of viewing and a 41% jump in online revenue. This reflects its strong schedule with Coronation Street, Emmerdale, Dancing on Ice and Saturday Night Take Away performing well in ratings.Its other division, ITV Studios, achieved 11% revenue growth (like-for-like: +9%) thanks to a solid slate of new and returning programs internationally.The outlook is also encouraging with total advertising expected to rise 2% in H1 ’18 although profits over H1 will reflect the timing of the Football World Cup. Meanwhile reven ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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