"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Friday, August 25, 2006

ITV's Love Boat sinks ... sun rises in East ?

Our friend Dunwerkin tells us that ITV purchased another 5 Mn. shares in a buy back today which brings the total to some 36 Mn in the last 2 weeks or about 1% of equity - paying 104 pence for shares they originally sold for 146 pence.

Consequently the share price has been holding up 104/105p whilst this has been going on ... signalling that some hefty share holders have decided that there is little prospect of any sale at a premium or any chance of improved trading within the forseeable future.

Unless of course the totally baseless rumours that Eastern European interests offering US$5.5Bn (or even less) are being held at bay....

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(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish