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Seen it done
i think i saw your trade on the cnbc ticker,about 4 mins ago.
I have just topped up @£18.32. Hoping for a rebound soon.
Hope you're correct about a bounce but I don't see much sign of one yet, or any squeeze on shorts. As a long-term investor, I'm concerned that the reduced capex will adversely affect future growth and earnings. That would inevitably pull down the SP. Just hope we're not staring at a 'new normal'!
I don’t have access to the article because I don’t subscribe to the Times, but there’s an article in today’s edition tipping AA as a takeover or merger target.
With metals playing a huge role in green energy transition AA must look like a screaming buy at current valuations. If it were to relist on a decent stock market its value would soar. The Permabear is toxic, it destroys the value of everything that lists on it.
* Anglo American : Barclays cuts target price to 2575p from 2865p
* Anglo American : Jefferies cuts target price to 2,500p from 2,600p
* Anglo American : RBC cuts target price to 2,200p from 2,400p
Only moderate price target reductions, nothing in line with the shocking shareprice plunge.
AA’s update also reflects the challenges facing the sector; weak metal prices are not only specific to AA
AA’s biggest issue is its UK listing.
Hedge funds don’t trade fundamentals they trade numbers. So AA will be relentlessly targeted by concerted and collusive hedge fund shorting activity.
The Permabear 100 is where every bear on earth comes to hunt. Hence the paltry valuations; which I believe are at an all time historic low.
Negative news is priced in 5/6 times on UK markets. Positive news is dismissed. It’s become a global ritual to smash UK company valuations on trading updates, irrespective of the results.
I reckon 1950nsupport... This will bounce soon.... Beyond oversold
Mickmod 4 posts all show what a fantasist he is
Most on these boards really do need to see a doctor about all the BS
Crazy spread .
Mickmod
Willing to lay out over 35k and you call yourself a small fish ??
£16.75 tomorrow if lower I will buy but no more than 2000 shares as I'm only a small fish in a pond full of pike.
£20.00 will be a physcological bottoming out figure. Maybe a touch below. Still, this is probably all down to manipulation.
£16.75
I will go for £19.50.
For tomorrow anyone at COP anyone? I'm going with a slight recovery at £19. GLA
Brokers should be banned, they all have their own agendas but they do effect the price of shares it feels more and more like a institutional con to me.
FCA should rate brokers with a % of their accuracy awarded. Then you would see what a waste of time they are! I reckon few would even achieve a 50% prediction success!
GS are know for talking their own book to sell into!
Usual caveats
Trek
Strabag UK has completed 25.8km of the Woodsmith Mine tunnel near Whitby, breaking the record for the world’s longest single tunnel boring machine drive.
Record-breaking tunnellers
Record-breaking tunnellers
Strabag UK is working for Anglo American to construct the world’s longest conveyor tunnel for a mineral transport system (MTS) to transport polyhalite from Woodsmith Mine under the North York Moors National Park to Teesside for processing and onward shipping.
And the tunnel construction still has 11km to go.
The project was initiated by Sirius Minerals, which was acquired Anglo American in 2020.
Polyhalite is a naturally occurring mineral that will be crushed and granulated to create an organic crop fertiliser.
Strabag has been boring under the North York Moors National Park since June 2019 using a single Herrenknecht tunnel boring machine (TBM) to build the 37km tunnel with an internal diameter of 4.9 metres. The TBM was named Stella-Rose by a local primary school pupil, with Stella meaning star in Latin and Rose after a local landmark, Roseberry Topping.
Related Information
The former record was set by a water conveyance tunnel project in the Middle East, which was also built using a Herrenknecht tunnel boring machine. Once they have completed all 37km, Anglo American and Strabag will seek recognition from Guinness World Records for the world's longest single tunnel drive.
Strabag directly employs 450 staff on the project, 75% of whom are from Teesside.
Strabag UK managing director Simon Wild said: “We are extremely proud of the team at the Woodsmith project for reaching this incredible milestone and safely passing the current world record set for a single bored tunnel drive. This is another example of our growing presence in the northeast of England and the UK, demonstrating our industry leading expertise.”
I don't trust anything analyst say. The real intentions are clear and with shorts circling quite a number if large companies, who are betting against the SP, the only ones who suffer are private investors. Short selling should be banned period. How long it will take to recover is anyone's guess but my investment is trashed now thanks to these fools
Imo brokers should be subject to a closed period like the BOD, shouldn't be allowed to rate a company a week b4 earnings release, considering the impact it has on the sp and individuals.
I topped up yesterday at 20.88 thinking I did well, then again at 20.49, 19.99 and lastly at 18.27.
I'm sure it's just a glitch and panic selling. Well I hope so LOL
i honestly think the brokers are, by and large, absolute guessers. the number of times you see 'we believe this is the case' and then something completely different happens and they retrospectively say 'we no longer believe this is the case'. where is the professional skill or insight in that? if i said to you 'i believe ****nal will win the fa cup' and then ****nal get knocked out in the fourth round and i say 'i no longer believe ****nal will win the fa cup', that doesn't demonstrate any skill whatsoever on my part, it's simply a retro-fit statement. you see it time and time again. they simply state the new reality, after the event, with an attempted authority.
I honestly look at those ratings with suspicion. Why would they declare a company is a buy? Surely staying ahead of the game and moving silently is more advantageous than declaring your hand?
I always thought 'buy' really meant 'we want you to buy it from us'.
Last week I was in Glencore looking at all the broker ratings downgrading Glen and upgrading Anglo.
A week later Glen is looking strong and Anglo as 20% knocked of its price.
I’m seriously considering speaking with my MP to look at getting broker ratings more accountable they just put what they want without any future recourse.
Anglo American intends to scale back mineral production in order to lower costs and boost cash generation following a challenging year.
Means more payouts to shareholders something that has been asked for, for a while
The right prudent approach
Thought i did well getting in at £20 a share.....Oh well hopefully will bounce back next week.....If it drops to the £15 mark will top up some more funds permitting.....