6 month downward slide to sub 60p17 May 2024 10:53
Every year ITV falls during this summer through to winter period. Just look at the graphs. The facts speak for themselves.
Ignore the endless Pyongyang pontifications. The fundamentals behind ITV have not changed in the past few years and yet the price is always pushed lower by external forces/factors.
Once the buyback fund gets to 100 million which could be by autumn then the shorters are going to smell blood again and start betting against the SP.
The only thing that will stop the SP fall would be the removal of Carolyn, her cronies and their mistresses but as ever we can only expect inaction there.
So take a look at other shares with better growth potential that are paying dividends over the next few months (October is next ITV dividend date).
Please do not be a Pogo and get caught yet again in October with all funds spent on a share that is well below your entry point and on substantial losses. Be smart, be agile and trade around the ITV dips. No recovery to £1 here until the Dame departs and that could be 2025 at the earliest.