The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
TommyD makes a fair point. It seemed at the time like Landsdowne were hanging on in case things were expedited but eventually caved in.In retrospect maybe they were clued up about the timelines and bailed for that reason...
I'm not in a hurry however so am not concerned if this takes a month or so longer.
A second lockdown won't be like the first. The reason even the likes of Boohoo and Asos suffered severely in March was because of the potential supply issues of the lockdown and the calls for all non essential employees to be furloughed (i.e warehouse workers etc). There is no way they'll be any political pressure to cut off supply lines and shutdown factories and warehouses this time...
It's highly unlikely Henk opened a short. It's clearly unnecessary and a bit childish to announce your parting but if it makes you feel better then so be it - it won't affect anyone else's investment decision here.
We're probably going to have to agree to disagree here but Whitty & Vallance do not strike me as fame hungry men. They strike me as dullards dedicated to their work. Scientists by nature are highly conservative with their language, they are not bombastic and don't throw out opinions if not backed up with evidence. Your points about antibodies and t-cells are not 100% accurate. There are hundreds of thousands of asymptomatic cases with antibodies. Granted antibody levels across the country definitely do not tell the whole story but it makes sense for the scientists to paint the bleakest picture, juxtaposed against a Boris that will probably come out all guns blazing tomorrow...
In the end of the day their job is to keep people safe from covid but as Chris Whitty highlighted earlier, they are aware of the adverse effects tight restrictions cause - in many cases unemployment > poverty > deprivation > death. And that's the reason we won't end up in a full lockdown again...
I mean an enquiry over the initial lockdown? Come on man. If you can't see that in the face of a novel threat the government reacted in the only way they could then you really are clueless. You can't compare like-for-like. The situation in the UK (particularly London) was far worse when we had the lockdown than Sweden, for example, ever encountered. Its impossible to know what would have happened if we didn't lock down but it almost certainly wouldn't have been fine and dandy.
As for NEX, I'm in agreement with you there! I try to see the media fear mongering as a stock market opportunity. I'm certain we'll have no lockdown or restrictions that'll affect NEX so I try to predict the market sell offs and take advantage when I can...
I think you'll find we haven't locked down and we aren't going to. It is essential though that the gravity of the situation is expressed by the medical and scientific advisors and instilling a bit of fear is the only way to get people to listen and react positively. We need to learn to live with the virus but that doesn't mean pretend it's not there and that it's not ending lives prematurely...
If we do lockdown a second time then your outrage is justified, but not right now.
Me!
That's the thing with waiting to see how things develop... you might get a better price but you run the risk of missing a great opportunity. Personally prefer to buy any dip if it's a company I believe will do well long term.
That's not true superritch, Chris Whitty made a point of highlighting the challenge of finding a balance and spoke of the damage that tight restrictions have - unemployment > poverty > deprivation > death.
If they were only focused on eradicating the virus we'd be in a full national lockdown now...
If the evidence for interferon was not mounting by the day I'd probably consider selling some of my holding now as the lack of recognition/news is just about starting to worry me. It's worth remembering though that the lead scientists want to change human behaviour to stop the spread... shouting about therapeutics does the opposite of that - it alleviates fears.
I agree Rich, I try to follow that mantra - buy at peak pessimism. I just think there are others out there that have 100%+ rises on the cards when sentiment turns. To be fair barclays is a different matter to the other banking stocks... I'd give Lloyds and HSBC a wide-berth for the time being.
Anyway, back to SNG :)
Streets, posts like yours are helpful to get some perspective but I completely disagree with you. Those first quarter results were exceptional and show just how big the next set of results could be. The US has been under restrictions for most of the year now and that 79% rise in revenue could be seen again. Don't forget this broke £4 in June prior to the slavery allegations... if results are as good as Q1 or better it's very hard to predict where the sp will go this time... personally I think new highs.
Rich I don't think the time to buy bank shares is now. There are many companies that will bounce far harder once the global outlook improves and they'll still be time to move profits into barclays imo.
And what exactly is the announcement going to entail? They won't be able to lockdown again because distrust of the government + anti lockdown sentiment is too strong now. It won't be adhered to, it won't be followed.
So he'll have to shift the narrative a bit. I imagine he'll advise/encourage all vulnerable people to stay home and will shutter care homes. Maybe a new announcement on testing or therapeutics to assuage fears.
Besides that it's going to have to be business as usual.
Just a simple hypothesis but with the threat of rising cases looming and a potential market-wide sell-off, anyone else think boohoo's supplier issues may drop down the pecking order of things to be concerned/outraged with? I do...
I hedged my bets and sold a quarter of my holdnig on the bell and fortunately managed to just buy them back 10% cheaper.
Might have been better waiting a few more days but hey, I'm in this for the long term.