mothballing australian coal mine, selling corporate jet....mr cutifani is starting to get a grip with costs which is good to see
11 Jun '13
april 2009 prices.....hhmmm is that really the state of things?? no we are a long way from there, when if memory serves financial shock waves were news headlines and the great depression loomed ahead, bottom line is( failing another crisis) the prices are a gift for companies heading into july and their new financial year
11 Jun '13
Yes, you omitted this fact. Money is a coward. Markets are still not normal. There is too much loose capital chasing too few products. Overlay that scenario over the volatile political and labour issues, and there is more downside that upside in my view. It may not be inherently justified on the basis of fundamentals, but I don't think people trade on fundamentals any more. The markets have morphed into a new kind of beast. Money printing, (fake money) has entered the system, and no one knows what result it will have. So everyone is hedging their bets. Volumes have not returned to pre-Lehman levels. Markets may have risen, but on a cushion of easy money. When government start openly manipulating markets they way they have done, with no clear idea of future consequences, then one must be guarded, to say the least. Taking a short term view is advised. Good luck, and best wishes in your trading.
10 Jun '13
Thanks for sharing your views. So here is me trying to look at the facts boldly and coldly; the upside: can't get too much worse, they are cutting cost, new CEO, South Africa needs mining companies to keep their economy afloat (I guess), China is still growing(albeit at a lower rate). The downside; balance sheet is not looking healthy (driving investors away), problems with the unions, metal prices on the down ( in general). Have I missed something?
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.