RE: ITV are a 24ct 'Value Trap'23 Oct 2024 14:11
Pogo...ITV are struggling to stay above 75p, nobody is buying especially any big players, small investors like us are looked upon as fools to have money in this value trap. If you bought your shares at a low of 55p then great, you are showing a healthy profit if you sell today, problem is so many including funds have these owing a lot more. It would take only one fund manager to dump to see these back in the 50p's.
If I had a lot of these at 55p I would be out quicker than Dame Woke can read today's Guardian headlines. As things are in the world of TV and advertising, this will more than likely scrape the bottom well beyond their buyback, unfortunately it ain't going anywhere anytime soon. November 7th is last chance saloon for 2024, if something positive isn't among the news, you will be able to fill your boots a lot less than 75p......watch my words, I will be proved correct.