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He says institutional investors are tidying up their portfolios, selling weak shares and stocking up on hot stocks for a cosmetic improvement known as "window dressing".
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He joined the company after Richard L. Huber resigned because of the company's weak share price.
He leaves ITV by September amid shareholders' unrest over the weak share price.
Weak share prices impede any recovery in consumer spending, which has been weak for two years now, Mr. Solbes said.
Mr Garnier now seems to have a healthy respect for shareholders, even initiating a recent share-buyback to appease their concerns about a weak share price.
The proposals suggest the firms are ready to take advantage of Virgin Media's weak share price, which slipped to $14 last week, The Observer said.
The weak share price has also driven out talented managers, something that would have been unimaginable when the company was the pride of the South African economy.
DealBook » UniCredit's Weak Share Offering a Poor Omen in Europe | Even a steep discount drew tepid interest in UniCredit's share rights offering, raising questions about how Europe's banks can raise new capital in skeptical markets.
Numis has raised its forecasts for the current year's earnings by 3%, saying: With forecasts up our target price increases from 463p to 483p [and] this combined with a weak share price moves our recommendation to add from hold.
Pfizer's weak share price betrayed some nervousness among its own shareholders about the adventure – hardly surprising given that its chairman and chief executive, Ian Read, had previously said he had given up on big deals.
After a weak share price performance, these results will go down well and whilst guidance is unchanged, 2016 underwriting results should come in at the top end of the range.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com