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Https://www.itv-america.com/
I really under appreciated just how big these guys are in America. The list of reality shows they produce is immense and a market cap of just over 1% of Netflix
A market maker is obliged to quote a working 2-way price. If Brent is at the top end of a 4% range then of course they mark the shares higher trades or not. What would you do ? Hold it steady until everyone lifts you and then chase a short higher ?
Re: XOM. Exxon have explicitly committed to zero green initiatives. A lot of debt investors couldn’t buy their bonds because of that stance but the equity clearly benefited vis a vis BP. XON knew that oil was cheap in 2020 and invested heavily at the bottom.
I am on my phone so difficult to do a full explanation with figures but:
Biden is juicing the bayjesus out of the US. GDP is growing at 4% (vs 0 here) a year because the budget deficit is 6% of gdp. Gov debt to gdp is 129% vs c.100% here
US is reshoring manufacturing.
UK still suffering from Brexit loss of trade.
But most importantly- 85% of US households own shares. There is a deep and active stock market which policy makers will do anything to support .
The UK mainly holds savings in Pensions and Insurance which has its hands tied by regulations to hold a lot of “safe” bonds… how did that work out in Sep-22 ?
The US also has some of the most innovative companies in the world. We have Oil and Banks.
They have set aside £65 million not £13. They added £35m at last results but did also say that about £11m was due back to them from joint responsibility.
What do you think is the right number ? Unlimited?
Fundamentally, this is a 50-60m per year business (in normal years) trading below £120m mkt cap.
The team has developed a proprietary AI system to provide coverage on small and mid cap stocks that are often ignored, alongside hand written analysis on popular stocks.
From the horse’s mouth… jeez - you couldn’t make that up