Shares in ITV Monkey-Hammered In A Classic Short-Term Coronavirus Overreaction
Shares in ITV which touched 278p on December 29 2015 have hit a year low
of 103p in the wake of an announcement from the company that the advertising market
would be seriously impacted by the coronavirus - most specifically travel advertising.
The company is also of course something of a bellwether vis a vis the broader UK economy.
TRADING NEWS. ITV Classic short-term overreaction. One for those that are able to look beyond
the coronavirus and take a five year view. Down over 50% YTD - at these levels the company is in play. In a hypothetical
scenario one would be positioning an entry point at below £1.00 and then looking to feed at below £0.90 and £0.80 -
in the event of a total market blow out.