Manoj Ladwa, Partner for TJM Partners, joined Zak Mir and Alan Green on the Tip TV Finance Show to discuss the FTSE 100, ITV and BLND.
FTSE 100 to go higher
Ladwa expected the FTSE 100 to be around the 6600 level based on a Santa rally as we move closer to Christmas. He noted a pullback this morning, and whilst it was at around 6400, the index is currently at the 6225 levels. Ladwa finished by highlighting that the price of crude oil rose slightly, which benefitted the oil stocks in the FTSE 100, meanwhile, commodity stocks are still searching for a bottom.
ITV has all the capabilities to move back past 280
Ladwa believed that there is no reason why someone wouldn’t be interested in a possible takeover of ITV. He added that it has traded up to 270, but since the company is cash generative and has a platform, ITV Player, to promote its content, so there is no reason it cannot reach 280.
BLND within a range
In terms of BLND, Ladwa commented that it is trading between £8 and £8.80, and he urged that in the short-term you should buy the lows turn the stock quickly.
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