Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Thanks Ken for some vital insight which I could not find when I looked it. Helpful knowing this while investing.
Daytrade what's happening around your area is the same in Birmingham where the airport is being turned into a morgue.
https://bit.ly/39WZ9s7
Man lack of proper PPE is worrying and the way disjointed communications are going on across UK and locally at hospital levels, lack of proper drills even 3 to 4 weeks before cases came in is really mind blowing ,in this era, in a so called "advanced nation". Germany beats UK hands down.
Well done Ken selling Glen first at 180 levels and ? thereafter and moving it. Looks like Kaz doing well with copper staying stable. Will pick Kaz at next drop a good bucket as it seems to rise faster on up days of market.
Yes checked CAML and on my shopping list. Why are they still in AIM ? L
Melrose Divi cut caused the crash with opaque outlook. Dont understand insiders big buy knowing business outlook.
MELROSE WARNS ON PROFITS, PULLS DIVIDEND
(Sharecast News) - Manufacturing group Melrose issued a profits warning on Monday and pulled its final dividend as it reported a "significan deterioration" in end markets due to the coronavirus pandemic.
In a market update, the company, which turns around struggling businesses, said: "Given the current uncertainty around future demand as governments carry out unprecedented actions in many countries, the group is unable to provide a meaningful outlook at the current time, but is closely monitoring and adapting to all developments."
"Melrose is acting appropriately with regard to its employees and cost base and taking advantage of various governmental schemes wherever it is suitable to do so, primarily in the UK and Europe. "
"In many of our businesses (including Melrose) senior salaried staff are taking a temporary 20% pay cut to help support the business."
...at lunch chatting (typo)
Frickin autocorrect bane of life
Day stocks I look up at free time between work or at luck chatting away with colleagues. Good diversion and in current environment need to have some investment money growing for family in uncertain times. Day offs more time to dabble.
Fira just saw melrose took a 17% deep dive. Will dip in that at 70p level.
Narcos Mexico on Netfix good watch
How daft the people at the top including advisors to the health ministry are. Health care workers are dissuaded from wearing masks in the hospitals outside of entering the wards.
This is when social distancing rule is advised for all and they consider the healthcare workers to be immune to the feckin virus working a feet away from each other. Tests are taking 2 to 3 days to say if patient is infected in hospital let alone the workers. In spain and italy 12% of countrys cases were nurses and doctors sadly with many deaths and families and kids left to suffer losing the wage earner in many cases.
HMGovt was sleeping like orangeman's despite the early warning of the chappie from the ski slopes in February. Wait and see all these will experts who screwwed the situation go onto get OBE or whatever crap they dish out to the cronies. Very soon we may have to wash and dry out the masks and surgical gowns if they saw you can't dispose the infected PPE after your shift or contamination like orangeman keeps pointing to , with no feckall idea about infection control.
Back to work in the virus world
All my NCYT shares got taken at 200p now which I thought was overpriced territory. Can always pick them cheaper as this company has good future potential. Usually used to sell 50% every monday to buy back thursday lower but today saw it rise beyond 190p and put a sell order for 200p thinking it would not be taken. Based on current sales, manufacturing potential of company 1.5 to 1.75£ would be reasonable price.
Interesting Article in Forbes.
https://bit.ly/2WSbomM
Also
W.H.O does not want to say anything negative about China.
By the by President Xi's wife is a WHO Special ambassador.
Look at this interaction yesterday between a HK reporter and the WHO Secretary General
https://twitter.com/HKWORLDCITY/status/1243865641448169474
China and WHO kept the severity of the outbreak quiet until mid January the virus was allowed to spread unhindered. If China had listened to the whistle blowers and locked down Wuhan the world would not have been in the state we are currently in. Once this is over there is need for a public UN investigation of WHO and China to get to the truth as a mark of respect at least for all the Doctors, Nurses and the innocent people who died and suffered.
TESTING DONE SO FAR WORLDWIDE -
Let us take for example UK, France, Italy, Germany and Spain. Based on what info I can get from the net and links provided the ramp up in testing world wide is the key going forward as countries are waking up and identifying labs.
1 - UK - As of 9am on 24 March 2020, a total of 90,436 people have been tested in UK . currently between 5,000 and 6,000 tests are done a day. The government plans to increase this to 25,000 tests a day within four weeks. Roche called into help with new tests in milton Keynes and they have their own kit and will look after their interest.
2- France - France currently has the capacity to perform 2,500 tests a day - up from 2,000 last week, but still not enough to test everyone who has symptoms. In total 183 hospitals are authorised to provide tests and 120 laboratories process them. So 120 labs across country doing approx. – 208 tests / lab.
3- Germany - According to Germany’s National Association of Statutory Health Insurance Physicians, the country has capacity for about 12,000 Covid-19 tests per day, while Wieler has claimed it has capacity for 160,000 tests per week.
USA for example where the labs use their own tests
• LabCorp CEO Adam Schechter said the company will soon be able to process more than 100,000 tests weekly.
• Quest Diagnostics will soon have the capacity to run around 200,000 tests per week, CEO Steve Rusckowski.
Same goes with Abbott etc with their own tests. Big boys got the go because of the labs they had.
Bruker distribution and their reach in labs in europe will help certainly with sales but not like a lab chain in USA using primer kits exclusively for the huge demand there for testing.
https://fullfact.org/health/coronavirus-testing-numbers-UK/
as of 13 March 2020
The seven top ranking countries by test numbers, according to the 17 March dataset, were:
1. Guangdong in China (320,000)
2. South Korea (286,716)
3. Italy (148,657)
4. United Arab Emirates (125,000)
5. Kuwait (120,000)
6. Russia (116,061)
7. UK (50,442)
another good site
https://ourworldindata.org/covid-testing
Very good data on Covid-19 testing worldwide
PLEASE SEE the graph at bottom of the page which gives all figures nicely.
Tests done as of 2nd March 2020 in one site
https://www.worldometers.info/coronavirus/covid-19-testing/
SO PLEASE USE ALL THIS INFORMATION TO DO THE CALCULATION not based on the expected production but possible use worldwide.
Hence I say the antibody test by NYCT announcement will be the clincher as the next step to go with the current kits for next rise in share price as I do not RNS in massive rise in sales to 50 £ million
Again please provide evidence when stating numbers. Sorry Germany is not doing half a million test per week. It is 120,000 tests per week. Please dont go on an attack mode.
Last weekend I posted 2 parts message regarding the low numbers of covid testing worldwide due to lack of lab facilities to run tests and all govt waking up late.
https://www.google.com/amp/s/www.businessinsider.com/germany-why-coronavirus-death-rate-lower-italy-spain-test-healthcare-2020-3%3famp
Just need to keep in mind competition out there despite world wide opportunity of sales.
Problem still faced is number of tests done in countries is low except US for NCYT to push 10 million tests. US majority big labs using their own tests + Abbot coming into picture with their quick PCR test (good for onsite diagnosis from doctors treating point of view)
Am long since 52p and have 50% still with me and looking at my investment critically and not deramping. Logical discussion needed.
https://www.google.com/amp/s/www.bbc.com/news/amp/world-asia-india-52064427
And on Thursday, India also gave approvals to 15 private companies to commercially sell diagnostic kits based on licences they have obtained in the US, European Union and some other countries.
Well as per my read Total debt of non financial business has grown by 6 trillion dollars while cash on hand has grown by 1.7 trillion dollar in last 10 years in just USA. This has mainly occurred due to buyback of stocks. Coming to bitcoin the arrssee big time now.
Airlines 45 billion dollara buyback over 10 years and now want 50 billion dollar bailout. Fat cats being saved by Washington . Branson of all with begging bowl first in queue .....the irony.
Regarding Melrose Fira
looking it up it is OK to pick up I feel when it drops to about 70p in next month or so and is going on my shopping list. Yes whopping buys by CE and directors at 160p levels in early March when market was tanking. So they feel good in 6 months to 2 year horizon for it recover. 3.4p dividend (usually dont worry about it) on 2nd April as you will get it much cheaper . Reasonably diversified. No deal Brexit and Boeing issues are negatives with debt load. Brexit issue surfacing and if no deal with difficult business conditions in uk and elsewhere after Covid will be unknown entity. Large equity diluted further by 23% last year when it became profitable for first time. PEG am a bit concerned. Debt to equity ratio has increased from 36.7% to 47.1% over the past 5 years but debt covered by short term assets x1.
92% institutional holding who have not dumped any with current fall bodes well. Management tenure in company good.
Anyone else has additional views please take time to type away :)
Just some useful info. Billy you did not deramp my BP buy. No worries mate. I always listen or try to learn from both sides of the story. I do my own research. To a good extent what you posted has value.
BP - One broker expects dividends to exceed free cash flow by around US$7.5bn over 2020-2021. And Jefferies noted an oil price sensitivity of around US$340mln per US$1 per barrel
So if oil price stays below $30 dividends are not viable option. $30 and above needed for capital investment and some dividend etc.
2% loss in GDP of country for every month of lockdown is latest news from OECD. Just Italy, Spain, Germany, UK, US, China and India you get the idea regarding recovery time then. Sad for self employed and gig industry workers who lose the most.
Ok back to work
BP taken out for small loss today. Buy price was 312.5 actually and sell stop at 309.5p taken once BoJo tested positive. He has mild symptoms and priveledged feker got tested against NHS guidelines. Hope press ask him how he got the test when Nurses and Docs are denied in worst case scenarios. A lot of tests will be done for all his cronies now include the guy who keeps cumming (sic) and feels elderly are expendable!!!
There you go, wrong call today till BoJo came into the picture. Lost one out of 5 day trades for week for overall good gain for week. Good to put stops when you can't keep an eye on market. Oh BP at 302 now. Glen 123 ....would have lost a % on stop loss there also if the MM had let some thrush at start.
Ah Now my 5 friends messaging to say they will wait patiently with cash in their ISA accounts after the fall today and now. Man people dont have patience :(
Got BP instead for 311.5p 2 good chunks now. Buy when they are really down at start. My feeling is Dow went up much much higher than FTSE and this is initial overall for a while and it should recover 0.5 to 1%. Pays off most times. Let us see how it plays out. 0.5% stamp duty is a bummer as I get out with 1 or 2% ride up.
Time to pick up the tools. See yall lunch time or nite.
Offered 128p when it was 126.8 as copper is still green and my view was it should move up 1 to 2%. No way they are parting even a share when I tried 10k batches. Same with FERG
Nope Ken MM are not parting with shares despite my multiple order sfor 127.1 even when the price went down to 126.3. There are mopping sellers
https://www.google.com/amp/s/www.businessinsider.com/coronavirus-spain-says-rapid-tests-sent-from-china-missing-cases-2020-3%3famp
Spain said it found that rapid coronavirus tests bought from China did not consistently identify positive cases and would return them to the manufacturer.
That goes into my list to research then Fira. Will put my list to buy when market recovery shows ......on saturday for all to discuss.
Good reverse maths George. Thanks Billy. I have lost 1 to 2% of such amount when at times the shares go the opposite way.
I have confidence to make these quick buys when I see opportunity between work ( 10%or leave it on buy order at my price at start) as I have big cushion for 5% to 20% losses if it were to happen. I sold all my diversified portfolio in early Feb to go into one stock where I saw brilliant opportunity. I have sold 50% of that holding this Monday at 175p and still have a huge gain with the remaining 50%. Have traded weekly to have enough gains.
Just before the crash during my chat with Ken on this site I had said Dow was on cocaine and a perfect storm was due. So I don't have any losses due to current crash and that gives me free hand to go with such substantial quick buys in and out and great gains esp this week with Glen twice, BP and FERg small one. I have learned self restraint with cash in account over years. I was bad many years ago and burnt fingers trying to put all cash to work at peak or with market falling. My friend who sold off all holdings in end Jan/Feb on my advice are still itching to get back in moaning when the markets went up this week, even though they are over 50% up without the loss with cash in hand even after the recent rise.
Things are slowly ratcheting up with prep for more new cases and surge to come at work. PPE not being there in sufficient amount is our biggest worry. Many feel like the govt is asking us to fight the war with hands tied !! Let us see.