Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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I bought some this morning and not seeing any sign of a bounce - recession fears are weighing on the markets - we could go a lot further down from here
DOH, didn't read the title.....
Carnival did exactly what you describe on good results.
Forward guidance is always tricky - would have been useful to give some guidance on winter sun vs last year as this for me gives a greater steer to the health of the sector and the consumers view / free cash. The summer hol will be protected for now - its the discretionary breaks that i want to understand the booking performance. Agree that TUI looks lame in comparison but dont underestimate EZJ holidays taking share. have great bases.
This is normal for the UK markets - one of the reasons why companies are fleeing listings here. International MM firms love the UK, because they can fleece the local investors. FCA doesn't give a hoot.
O dear one of the pilots has a cold better knock 60 million off the market cap. Could drive you to drink if you don’t just ignore. Ok the ceo retiring is exceptional, look how long it’s taken Louis Walsh to retire. Has he actually retired?
Barmy. What a wonderful buying opportunity. Wish i had spare cash to-day. At least i am already in.
Easy money
JET2 posts record revenue and profit and other same-sector companies are brought down, they’re not affected with this director change etc but still get hit! Crazy casino world.
Hello!!!
Its not only the %drop its the rate of %drop that algos use. 12% is a decent enough drop to trigger algos on a big share like JET2. Good CEOs retiring always cause a drop but this is only part of the reason. With so much of the market performing badly, opportunities for the MMs to cream off some PI money are too good to pass on. My take...MMs sold some big chunks triggering stop losses and causing smaller investor and PI panic selling. Then when rate of selling slows down and PIs who think it has bottomed buy in, MMs will shake a few more out by selling chunks again, causing more panic selling, until it reaches a true bottom then it's pump, pump, pump. Wash, spin, repeat. Keep the faith everyone, this will be back where it was by next week. TT
I personally don't think this mornings fall is justified, looks orchestrated, so another opportunity presents itself.
Reinstatement of a dividend is definitely a step in the right direction.
Then bounced back must be in excess of 35%.............. I think Co's shorting know some larger investors HAVE TO SELL if a share drops over x%. So they force a drop, cash in the short then buy to make even more money.
We wll see but 12% down (Hmm about the same as CCL was!) seem crazy.
All IMHO.
Clearly an 'Indulgent escape'
No significant shorts showing on shorttracker.com
They seem to short every company on the results day even without seeing the results. Not a single company didn't. go down immediately after results. This drop is nothing to do with company or results.
This will gradually bounce back when they move to next company.
Would not be surprised to see this finish in the blue….. surely a bounce from here over the next day or so.
I suspect it's the lack of forward guidance too.
Added some at 1100 though. It seemed rude not to.
People panic because the founder wants to retire aged 75?
Sensible succession - every company needs it. Time to top up. Good results, strong balance sheet.
Yup, that plus no forward guidance on profit for FY24.
Jeezo……..fabulous results and down 12%. This market is just a crazy casino.
The drop possibly on the news that Philip Meeson is stepping down from the board?
Odey selling their 3% stake perhaps
12% down?