Rate my SIPP - ITV high conviction

Mistermeaner

I love this thread 

wonder if OP may inadvertently end up being the majority shareholder of ITV one day and suddenly find himself sat in board meetings debating whether “strictly come lap dancing” could be a Saturday evening hit 

Cus

Juno_Moneta said:

What a ride…

What's your low price exit?

Roger175

What a ride indeed.... up 19% this morning.

Good luck Juno Moneta

4500_Donavan

Juno_Moneta said:

What a ride…

👏👏👏👏👏👏👏👏👏👏

MeteredOut

ooSTEVEoo said:

Pretty bland trading update in the end. Overall positive I’d say and supports the argument these are well undervalued but market just thinks ‘meh’. Could be a long way back to the 80’s 😩

That didn't age well

QrizB

Roger175 said:

What a ride indeed.... up 19% this morning.

Could lose it all again if Comcast decide not to proceed, though.

Roger175 said:
Good luck Juno Moneta

Yes, good luck!

Juno_Moneta

Thanks all, it is just preliminary talks - but I feel it does help recognise the value of ITVs assets - which is what I’ve been so sure of since I started building my SIPP position. 

My holding is larger now than the first post thanks to monthly employer contributions and also some fortuitous trading. 

I intended to post an updated Hargreaves Lansdown snapshot once I had reinvested my 1.7p dividend near end of November. My only annoyance today is that I can’t do that at 68p anymore!

I’m not selling anything right now as its only got back to the 80p level it was at a few weeks ago anyway - after holding for so long I’m reluctant to exit quickly. 

However the prospect of finally diversifying my pension into some other things is on my mind. Just not yet.

Roger175

QrizB said:

Roger175 said:

What a ride indeed.... up 19% this morning.

Could lose it all again if Comcast decide not to proceed, though.

I bought a very small holding in ITV towards end of June and even this morning that's still down 4% on purchase, so even if the Comcast deal goes through and the share price sticks, this doesn't even cover the recent reduction. I have to admire Juno for his balls!!

Cobbler_tone

Shows how shares can be volatile and timing/context is everything. They seem down over 3 mths, 10% YTD, well down over 5 years etc. My company shares have increased by 15-30% every year consistently for the past 10 years but I probably wouldn't buy them unless they were tax free and BOGOF. Nice dividends too.

I guess it makes your investment journey a tad more exciting and you can get a lot more of them at those price points. All the best.

FIREDreamer

Roger175 said:

QrizB said:

Roger175 said:

What a ride indeed.... up 19% this morning.

Could lose it all again if Comcast decide not to proceed, though.

I have to admire Juno for his balls!!

“Perhaps later”, to quote Blackadder.