Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Some good news for a change.
Au revoir
Auf Wiedersehen
DT
J.P. Morgan Chase told about 200 staff Friday to plan to move out of London because it sees little prospect of the U.K. winning a deal on financial services as the nation prepares to exit the European Union.
The biggest U.S. bank is pushing the button on its no-deal Brexit plan because it sees minimal chance of an accord for finance before year-end, according to people familiar with the matter who asked not to be named discussing sensitive information.
https://www.pionline.com/brexit/jp-morgan-relocate-200-london-bankers-no-deal-brexit-looms
LTI,
Before?. That is unrealistic. Even an agreed UK/EU trade deal would have trouble in propelling the price up that far, by the end of next month."
When you bought in , in the high 70's , preaching £1 soon , what gives you a right to tell Bc his dreams are "unrealistic "?
bc
''40-45 just before 3rd Q results;;
Before?. That is unrealistic. Even an agreed UK/EU trade deal would have trouble in propelling the price up that far, by the end of next month.
bc
''40-45 just before 3rd Q results
Lets just wait and see how about that
As i said time after time
40-45 just before 3rd Q results
65p next year +++++
''Furlough ext''
That wouldn't be good news.Thats a bad idea .
''Market NOT expecting BoE to announce negative rates ''
This subject has been widely talked about, so it wouldn't be a complete shock, but once again a bad idea.
LTI, actually i can, but i think most PI's are prepared now.
Always stated October will be bad...normally the month that gets the bad rep when actually history will show Sept is far worse, this time around though maybe Oct gets to live up to that rep.....
they only things i can see that will lift the markets is a massive stimulus plan, Furlough ext, EU/UK deal..
Market NOT expecting BoE to announce negative rates...
DYOR
DT
Good to see that off the top of your head you couldn't think of any more bad news that the market hasn't absorbed. I was expecting you to think of something.
Well some would look forward to what fantastic news would do. An unthinkable jump in price
DYOR
A overdue market correction. How can world indices be at and in some cases above a level pre Covid? No logic to it. Money being printed and pumped into a market that has worsening fundamentals.
Trump is doing everything to keep the market in the US at an artificial level. All opinion of course, to be honest I haven’t got the balls to take that risk. I have invested through 3 financial crashes and have done very well out of them. However, this is unprecedented and the investment mentality is totally different.
More than happy to be wrong and although I would have missed out on a potential profit I certainly won’t lose any money.
LTI,
I stated "what anymore bad news would do" i did not state there will be more bad news..
DYOR
leas, i agree...i don't see what news could lift the SP atm, but you never know.
Nov & Dec will also be tough months lots of window dressing for end year re-balancing.
DYOR
DT
What bad news is to come?.
Market already expecting the UK to trade under WTO with the EU.
Market already expecting Covid 19 figures to get worse.
Market already expecting the UK population not to have been vaccinated against C19 this year.
Market already expecting an increase in unemployment.
Market is already looking at the possibility of a Biden victory.
etc
DT, thanks. I am aware of the results but what will reverse the sp (today’s closing) by 33%. The likelihood is that by the time the results have been posted then the sp will have to improve by 40%
Those results, even if better than anticipated will coincide with other news that will bury any positive outlook. Businesses and consumers like certainty and a plan. At the moment we have neither. We are still in a prolonged period of the unknown. This sector will suffer further falls.
I had 25p in mind for a good entry point for investing and expected it to be that price post results. We all think in round numbers of course but to be honest the bottom is anyone’s guess.
However, investors buying sub 30 pretty much have a profit guaranteed in time but too many at the moment are catching a falling knife. Buying in tranches is a good strategy but to buy thinking it cannot go any lower are admitting that they have got it wrong.
If the sp trend reverses after the results then great but I won’t lose any sleep missing out a 10 to 20% profit.
LTI
"With a fantastic news item , more than a 2p rise in a single day is feasible."
Well i dread to think what anymore bad news would do..! unthinkable low
DYOR
DC
''I said 27.5p end of september after today never going to happen the gap is just to great newsflow terrible''
It is still not an impossibility, even if there was only a single trading day to go. With a fantastic news item , more than a 2p rise in a single day is feasible.
interesting that October gets a bad rep for being the month that stock markets crash, but as the saying goes it ain't necessarily so..
September is the more likely...
DYOR
Apologies 29th October ...23rd Oct is Barclays...
DYOR
Bc2020
"40-45 just before 3rd Q results"
the results are not in next week, so why 33p @ the end of Sept....
as we go into Oct with a 2 week Lockdown penciled in, Brexit No Deal, and furlough ending i would not be relying on results day, 23rd Oct.....
DYOR
Lets just wait and see how about that
As i said time after time
40-45 just before 3rd Q results
65p next year +++++
leas, results in next week....
Bc, as we approach the inevitable second wave, what news do you expect in order to raise the current sp by 33%?
Let’s see what your views are after 3rd November.
"Second wave now hitting the UK, says Boris Johnson"
DYOR
If there is a no deal brexit which is looking likely share price will go down further worries about this and impending lockdown dragged banking stocks down today
Bc2020, "33p"
relying on the tide raise all the boats in harbour i see, you are awaiting positive news/ results no doubt.
DYOR