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TF - more than chatter, re IAG - reuters and other media platforms leaked it, and IAG has put out an RNS, expect more news asap.
G
We live in days of inter - connected markets, the US commentators, on Bloomberg this lunch time were thoughtful as to where the DOW and S&P now stand. Correction is anticipated.
There is a feeling over in the US that Europe appears to have handled the virus, somewhat better, and there is an acknowledgement that many states came out of lock down too early. Further US Virus support measures look likely, there are ongoing concerns over job numbers.
We also have the US / China spat, Russian concerns, and Brexit, so its all great fun out there.
The FTSE has ranged between 6000 - 6500 in the last 2 months, a fall by 10% to say 5500 will provide those with cash further opportunities. Never say never we could see a drop back to the March 5000 level. One thing for sure is markets always seems to surprise. If there are dips money will likely be made by those that buy into them. All too often on these bb's there seem to be many that sit on the sidelines , unsure what to do, and probably they often do nothing.
.
We are in the quiet summer trading period, with little volumes, again here on STOB only about £400k traded so far today.
The markets will likely remain volatile, which is great for trading. Meanwhile STOB has its cash, and has dumped it's Rail & Civils Division. We could do with figures, on the monthly tonnage over on the Energy Division. Lets see how busy Southend is through August.
gla
G
HeresHopin keep on hoping pillock
Gerry do you think we may soon see a correction on the DOW? If so where will that leave Stob?
well timed mate,
Stobart Group Ltd
STOB
30.72 GBX
+1.12 (3.78%)
Bought in 8k seeker I this morning. No brainier and will do double minimum next month or so.
It's been really quiet trading wise here for the last week or so, no price action.
Only 221 trades as I type, with less than £300K's worth traded.
Still Southend is gradually coming out of hibernation, 7 departures and 7 arrivals scheduled today. Small fry, but a start.
G
Gerry, once we get to the point where people feel safe to mix again flights will quickly pick up and i anticipate that will be sooner than people think. Treatments are improving and the death rates will be tiny by the autumn imv . I bought some sng yesterday because I was really impressed by their release and that could prove to be our saviour in several ways. We shall see. Atb and good luck.
Last summer flights were between 25 - 40 ish for arrivals and departures - so circa 50 - 80 movements a day. So it's a start, at least the airport is back up and running, though perhaps in a limited form. Be good to hear from anyone who has a a flight booked in the next month or so, to provide feedback on the ground.
Let see what August brings, perhaps Brits. will look to take holidays deeper into the autumn, depending on how things pan out virus wise.
G
Yes Gerry looks like we are seeing the green shoots of normality. Think if can get further flights scheduled by the autumn we will see a rerate of the SP. Maybe we have hit the floor?
https://southendairport.com/flights/departures-and-arrivals
The above page is live again, 4 flights in today and 4 flights out.
Some way away from pre covid times, but at least its a start.
G
But the Vaccine still a long way away and we may need more than one dose.
Stob has been kind to me these last few weeks. I've been in and out between 28-32p. Back in today... Hopefully it can go well past the 32p resistance this time. GLA
sorry EU leaders struggling with their stimulus deal.
G
Too much Geo political stuff going on today with Uk / China tensions, and UK leaders struggling to get the stimulus deal over the line.
Cancelling out positive news from the Oxford vaccine trial.
G
nice find Gerry, markets are subdued.
https://www.echo-news.co.uk/news/18593690.easyjet-recommences-flights-southend-airport/
This could now go either way. The results of the most promising candidate to date will not be with us until October, so unless one of the other candidates gains ground, we won't see much vaccine related SP growth for a while. The Dow Jones is now a deathtrap waiting to crash at any moment.
We are some way away from a workable vaccine. Even then it would some months to work through the various priority groups, before it is available to all. Could be some time yet.
In the meantime for me its no planes, trains, buses or taxi's.
Both main holidays this year, have been re booked for next year.
Whilst we wait, for me it's a case of looking for quick trades. Each time one of the key players in the search for the vaccine pops out a review, there's hopefully an opportunity.
Didn't buy in anywhere this evening, so it's a chilled weekend. Let's see what Monday brings.
gla
G
Yes Gerry agree the markets are prepared to reward any positive news on a vaccine. However, thus far we have not seen anything to suggest lasting antibody protection. I feel we may not get a vaccine for a long time.
Volcano - Yes it quickly bounced off that level.
I've not traded today, but am sitting here, pondering the timing of the Lancet report on the Early-stage human trial data on the vaccine being developed by Astra Zeneca and Oxford University due out some time on Monday.
If it's out early doors and is positive, then I can see a bit of a bun fight on Cyclicals Monday morning, and it may be difficult to get a price. That said it could be less positive - who knows ?
The markets are likely to react to any good news, kiv - Moderna started its Phase II trial in May and expects to start a Phase III trial on July 27.
It's a pity the EU leaders are meeting atm to discuss the latest Stimulus package, as any disagreement there could put a spanner in the works for Monday.
I'm looking at a couple this afternoon, and considering options. Knowing me I'll sit on my hands, I generally like to have my trading pot back into cash for the weekend, but if the right price pops up I might have a little nibble lol.
gla
G
Looks like 28p was bottom for now ,nice.
Share price is holding up better than i thought
Monday, 13 July 2020 - Community News
Times Reporter
by Times Reporter - Reporter
editor@leightimes.co.uk
Wizz Air resume flights at London Southend Airport
SOUTHEND Airport has welcomed the return of Wizz Air flights
TF - as you say the cash raise provides breathing space, and maybe keeps any cheeky bids on the back burner.
Anything could happen, after all it's STOB. It's a case of waiting for news on a vaccine, for the airport. Though if and when it comes today's Airline Sector performance, seems to indicate, that many shares will bounce nicely. S
There are some coiled springs out there.
Think TOSCA will be expecting a positive return on their £122m investment, and may have an influence here. Their b/e position is 70p. So some way to go for them.
G