The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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excellant article that summarizes the present situation
https://www.thetimes.co.uk/article/it-s-not-coronavirus-we-should-fear-but-the-sense-of-panic-that-it-causes-qcsmrbhs5?shareToken=c12856e28fccd27f9eedee271f05b542
"It’s not coronavirus we should fear but the sense of panic that it causes"
I think we have to work on the basis that it spreads across every country. What happens when it becomes prevalent in the US? What happens to banks around the world when businesses go under because of the virus? These are the big questions for me. I have no doubt about Jangada as a business on the cusp of showing it has a significant deposit. It's those questions that concern me
I stopped looking at the markets (generally) on Thursday. This week’s paper losses were eye watering.
On the plus side a great time to double down on funds and my pension pot.
C-Virus is definitely serious, however the media have grabbed hold of it and till they get bored with it we are in for a tough time. Lot of companies cancelling events and advising travel freezes and work from home policies. Bit crazy, but once a few do it everyone follows suit. The resounding message in my sector and with my Partners is ‘duty of care’ to employees. We made the decision to cancel a 2000 person customer event yesterday, which made for an interesting evening of calls with sponsors. Even though the probability of something happening was small, it was more around responsibility and duty of care. I think the aftermath of the current hysteria will be round for a while now. MWC cancelled, IDC, Facebook, everyone is cancelling major events which will have a knock on business effect.
Best to switch off and come back in a month.
In the meantime the drilling continues :-)
Tex
Btw...ValOre did rally back in the last half our and closed around -6% for the session,...GL S
I am mindful that I am certainly no medical expert and virology is not a subject I have researched extensively. but I do agree with mb and I think this has reached the stage where the noise has gone beyond hysterical, as for the likes of Jangada and ValOre, the immediate affect is sentiment and so far that has been quite limited, both positive and negative, any material ability on them being able to operate, I would suggest is very limited and I would suggest they will focus on keeping everything BAU, keeping the drills turning and the Lab testing assays, .....GL S
I dont think the death toll is the major issue, it's how contagious the virus seems to be and how long people are ill for. If it continues to spread the main issue for the majority of people will be having time off work sick. But if the final fatality rate is 2% then it will soon catch up with other viruses/diseases if it isnt controlled.
I'm hoping the markets are at about the bottom of the drop but they could still go lower over next week if the spread outside china continues to accelerate.
that's a little extreme
fact is 5trillion dollars has been wiped off the markets in less than 6weeks and actually less than 100 people outside china have passed away ...
More people die from flu and Maleria each year.The reaction has been crazy
Selling doesn't look so stupid when you see ValOre dropping 15 per cent today. The problem is that the fear factor - we simply don't know whether the coronavirus is going to drag the world economy into a very deep recession.
Just another of the MMs tools woodster. They’re the only ones making real money this week, just look at the price differences between buy and sell prices throughout the day. Just annoying we’ve a rushed seller or two about this week. Someone bought 1m earlier do there’d obviously buying interest, but seller instead of patiently selling dumps aloud quickly in an illiquid stock. Really annoying!!
why don't they increase the published quote is nothing is available at 2p?