Tuesday, July 5, 2016

Confidence

Burly Brexiteer John Whittingdale has been reassuring Britain's media sector (and its customers) that it is fundamentally sound, and he will protect it during the negotiations to exit the EU.

This blog's Imaginary ISA, of five key media stocks, is down 41% in value since John's arrival at the DCMS. Perhaps weakest is Johnston Press, down 90% over that period, and now standing just above 16p a share. Yesterday the group sold its titles on the Isle of Man to Tindle Newspapers for £4.25m.

1 comment:

  1. I trust your Imaginary ISA isn't with Standard Life http://gu.com/p/4nmzt/stw

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