Buybacks don't move sp's up or down!6 Aug 2024 11:17
The ITV share price will not soar because of a buyback plan, it will also not crater for the same reasons. ITV's share price is held up because it offers a good dividend, there are no pundits out there who have ITV as a flyer. It is a reasonably safe bet to an institution to hold ITV as maybe the only UK TV independent competing with the big players. Many people were expecting Dame Woke to surprise us last month, but as usual she gave us nothing. It used to be 'jam tomorrow' but now even the jam has dried up!!
Her resignation along with cull of of a dull, boring, woke, sedentary BoD would put 10% plus on the share price, but I doubt it will happen. It amazes me that several on here have watched this company lose 50% of it's market cap under McCall's stewardship and actually tell us all she is a good CEO. One empty head on here actually believes Russian trolls are at work against Dame Woke, now that is a belief only a very disturbed person would hold. No Russians, no conspiracies, no devil at work, the Dame just cannot compete with the younger, dynamic innovative people who run the competition.