George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Results were liked by market (and me) today.
Text below from World Health Organisation Myth Busters :
Is it safe to receive a letter or a package from China?
Yes, it is safe. People receiving packages from China are not at risk of contracting the new coronavirus. From previous analysis, we know coronaviruses do not survive long on objects, such as letters or packages.
"The fear of global slowdown is undeniable"
oh absolutely...but a certain % of it will be because we talk/act ourselves into it.... I am hoping we can put a lot of preventative action to keep the number of virus cases down and as such still go about life in a "reasonable" way .....rather than getting paranoid and just stockpiling and hiding under the bed...and then no doubt complaining that the country is at a standstill and the crime rate has shot up ...
The Underground is normally packed during an average flu season and no one wears a mask or does anything, people sneeze and dont really care.......in fact the people who get flu normally just accept it and their employer pays the cost...but not much prevention goes on at all....except the older people having a vaccine
Now we have people scared to death of touching a cardboard box... it just seems somewhat extreme and the sure fire way to a depression with all of its consequences
The fear of global slowdown is undeniable, why else are all the markets tanking? Your point that it might not happen/ is an overeaction is valid, but in a way irelevant (in the context of the stock market) when enough people fear the opposite and are panic selling! It can be both irrational (your point) and true (my point) at the same time!
" I'm more of the opinion that the greater risk to the SP is more a case of global slowdown "
oh sure...and we will have a major depression if we go about life with hysteria and over obsess about the dangers...
Our ancestors will be rolling in their graves if we take this too far...... we have to take precaution with hygiene ....but
Would love to have a selfie from Manunited31 wearing a space suit wandering around his local supermarket....
I just hope he hasnt got a dog to have to take outside ...
Manunited
I sold at 245p so , short lived....
Yes...all very well about the cardboard...fair enough.....but ..unless you plan to hide under the bed for the next 2 months or so.....you are going to get some risk or other from something...
I would suggest that the pollution you have been breathing in all your life and the c*ap that you might have been eating and drinking will probably do you far worse damage to your body and teeth than touching a Amazon box with gloves on....holy moses
I have happy for you to do whatever you want...I will take precaution... but life will go on..
Watch out for the rain, your feet might get wet, !
Well said manunited very interesting
I'm more of the opinion that the greater risk to the SP is more a case of global slowdown than cardboard bio-hazard risk! Either way my previous entry point of 330 ish has been revised downwards. I'm inclined to agree that sub 300 is quite likely....
"could you Guarantee your wellbeing"
YES
Dont buy online, simples
SMDS contractually agree what Grades of papers their Customers require, and charge accordingly,
the the Little Captain devised a Plan to Save SMDS costs, by REDUCING the Contacted agreed grades to what
SMDS labelled, 'FIT FOR PURPOSE'
(FFP), means they lower the inner and outer grades of KRAFT Papers (More expensive),
and Upgrade the FLUTE LINER, this they believe still delivers a CONTACTUALLY AGREED STRONG BOX.
The Customers are NOT made aware of this !
To that end, the outer/inner Papers are MORE absorbent..........good luck with your deliveries from AMAZON....LOL
Make sure there is a Label......'Handle with Care'
Pokerchips........you bought in at £ 3.50........not looking like a Good GAMBLE for you at the moment.
I think this has £3.00 written all over it, due to their 'Pan European Exposure' - SMDS phrase, Mate
"could you guarantee your-well being ?"
if you want to "guarantee your well-being"...live in an underground bunker or something and purify the air you breathe......virus period or no virus period...
I think you have more chance of being knocked over in London traffic than you have getting this virus from a carboard package..
#snowflakes
Right now it is a buyers market....the sellers are having to take what the fewer buyers are willing to accept.....on quite possibly lower volumes
Manunited31
Yes I would....I mean you are going to have to go to the supermarket and get food that is in cartons and breakfast cereals in cartons etc etc... if necessary wear gloves to open the package.....
I mean , in the last few weeks how many people have gone through..say Heathrow airport and travelled into London...people who have arrived from abroad etc
I think the "risks" of receving a package with infected cardboard is low given that you could if necessary wear a mask and rubber gloves to open it ...if you so paranoid
POKERCHIPS
would you accept a parcel in the post from another Country, where Cardboard is the packaging ?
REMEMBER, Cardboard is Paper, and absorbs moisture-hands, mouth, tongue........
could you guarantee your-well being ?
The Little Captain steering the ship, expressed 'PAN-European' manufacturing/supplier- so
EVEN worse for SMDS as Factories all over the place-so is CORONAVIRUS !
I think the drop for this hasn't reached the basement YET !
No, just another day on the DS Smith rollercoaster. Mondi reporting tomorrow, probably more of the same.
Amazing turnaround ..recover of 4.5% ...is that because if there is a virus shutdown then people will order more from Amazon etc rather than the high street and Smith provide the online packaging???
Thank you everyone who responded to my question about why there's so much short interest. It's certainly a volatile share for what I thought would be a rather dull business.
Charlie156,
yeah agree totally ...all to do with whether the general economic situation provides the revenue guidance , really ....and that looks good one day and bad the next depending on what statistics or political news hit the news media
DS Smith is developing a reputation for high volatility, which makes this share a trader's dream. I've lost count of the number of times I've traded it since May. I don't see anything inherently wrong with the company. It's well positioned in the sector to take advantage of the move away from plastic, the debt is coming down. At some point it will sail away far beyond these levels, but until then I'm enjoying the ride.
" what the shorters' argument is for this share? "
personally I think it is based on external factors rather than anything to do with DS Smith themsleves
external factors that could hit revenues and as such effect earnings per share
plenty of external factors you could list as "possible" risks to revenue guidance
Shorters like Blackrock may well be using this as a hedge against other Long positions that they have
That is how I see it
Can anyone point me to commentary on what the shorters' argument is for this share? Or explain it themselves? Thanks
Farmertally
I have traded this a couple of times ...I bought back at 350p ....I think the shorters arent attacking DS Smith as such...this is merely a hedge on economic growth in general....if the virus etc has a knock on effect on business outside of Asia, for example
When there is some optimism from Asia this tends to perk up, when the risk-off reappears this tends to drop ....I guess it might be seen as a bit of a bellweather share
Anyway I bought back in and am looking to see a slow recovery of things in Asia,step by step and a sense of some risk-on again as we hit March-April...but as always I keep an eye on things......
You never can quite predict anything !!
Yes Pokerchips,
A period of volatility ahead.
Short tracker shows 3.94 % short excluding those below .5%
Still curious about the three week top selling share on H/L before the price drop.
We shall see , a bargain @ 3 quid?
Aviva have increased their loaned out share position to 2.14% - 29.3m shares out on loan to shorters such as Blackrock
Probably why the share price has fallen recently and is struggling to regain lost ground
...for the long term. Reasons : growth in online retail, supermarkets etc. cutting plastic, carbon targets, decent divvi.