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ITV - Bid hopes drive up shares

October 2014

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.

Against a positive backdrop of the shares rising to a 10-year high of 219p fuelled by hopes of a bid from Liberty Global, ITV produced a strong set of interims with turnover, pretax profit and eps rising 7%, 11% and 15% to £1,225m, £312m and 6.1p respectively. The larger broadcast and online division, which dominates free-to-air viewing with a c. 22% share, produced 10% growth in operating profit to £250m. This largely reflects a strengthening economic recovery although performance fluctuated significantly at Easter and around the World Cup. Online, Pay & Interactive was a bright spot with revenues up 20% to £67m reflecting improved content distribution and growth in appetite for video on demand. ...

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James Fisher - Gain to date: 40%

Tarsus - Like-for-like revenues up 9%

ITV (July 2020)

ITV (September 2018)

ITV - Shares on the turn (July 2018)

ITV (April 2018)

ITV - Another special dividend (April 2017)

ITV - Another £25m cost savings targeted (September 2016)

ITV - Pays 10p special dividend (May 2016)

ITV - Results beat expectations (September 2015)

ITV - Special dividend and strong prospects for advertising growth lifts shares (April 2015)

ITV - Acquires Leftfield Entertainment (June 2014)

ITV - Strong franchise in free-to-air commercial TV (November 2013)

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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