The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I don't wish bad luck on anyone. Even if you are SHORT Watch yourself here, . Forget the fundamentals, the charts dictate the movement & its got LONG written all over it.. Likewise the pound shows sideways at best SHORT for the time being.
Yes Zack & Nick know they're stuff. They even have a mining expert on sometimes called Charlie....forget his surname where he was calling the bottom of the rout when all the sheep were following the so called experts to keep going short.
The big bad short! Hedge fund bosses such as Crispin Odey are licking their wounds after betting against the natural resources giants October 23 2016, 12:01am, The Sunday Times Crispin Odey’s wagers on economic meltdown backfired Hedge fund tycoon Crispin Odey reckons he “might have lost 100 million” on his bet against Anglo American, the FTSE 100 miner. Was that dollars or pounds? “Don’t ask!” he exclaimed, adding with a chuckle: “They are about the same now anyway.” The 57-year-old bon vivant, famed for spending £150,000 on a chicken coop in the grounds of his Grade-II listed mansion in Gloucestershire, may jest, but he can’t avoid the truth: it has been a terrible year. Odey Asset Management’s main European fund has plunged by 42% since January as his wagers on economic meltdown have backfired
Anglo sale deals blow to hedgies £1.2bn mines disposal will lift shares and heap pain on short-sellers Anglo American’s extraordinary share price revival is set to get a fresh boost with a deal to sell a pair of coal mines for at least $1.5bn (£1.2bn), helping the FTSE 100 giant to slash debt and inflict more pain on hedge funds that bet against it. Since hitting a low of £2.21 in January, Anglo’s shares have soared to £10.94 as commodities prices recovered and fears of an economic meltdown in China eased. The sale, which could be announced within a fortnight, would highlight the reversal of fortune for miners and the gaggle of hedge funds that wagered on…
Amazing recovery since January.2.48 Should imagine we've pushed up too easily through 11 this morning so later in week we will see the mid - high 10s again. But this will be just a healthy correction before 12. So this will be you SHORTS last chance to get out without being cleaned out!
i posted the below link in July when we were around £6.20-ish Mkt Cap 11.9b Once the debt is cut below 10b and cost cuts further kick in. Plus comms bouncing back anyway. Then expecting Mkt Cap around 20b to 25b. Hence s.p. 19 to 22 ish.
A $7 Trillion Moment of Truth in Markets Is Just 3 Days Away If the London Interbank Borrowing Rate was a musical artist, or an actor, or a sports team, we'd be calling 2016 its comeback year. Not since the financial crisis of 2008 has Libor, to which almost $7 trillion of debt including mortgages, student loans and corporate borrowings, is pegged — experienced such a surge. The three-month U.S. dollar Libor rate has jumped from 0.61 percent at the start of the year to 0.87 percent currently — a 42 percent rise — ahead of money market reform that's due to come into effect on Oct. 14. The new rules require prime money market funds — an important source of short-term funding for banks and companies — to build up liquidity buffers, install redemption gates, and use 'floating' net asset values instead of a fixed $1-per-share price. While the changes are aimed at reinforcing a $2.7 trillion industry that exacerbated the financial crisis, they are also causing turmoil in money markets as big banks adjust to the new reality of a shrinking pool of available funding. Some $1 trillion worth of assets have shifted from prime money market funds into government money market funds that invest in safer assets such as short-term U.S. debt, according to Bloomberg estimates. The exodus has driven up Libor rates as banks and other corporate entities compete to replace the lost funding. Now, analysts are debating whether the looming Oct. 14 deadline will mark a turning point for the interbank borrowing rate, as money markets acclimatize to a new reality. While analysts at Deutsche Bank AG believe that Libor may be poised to tighten when compared to other benchmark interest rates after Oct. 14, their counterparts at TD Securities speculate that Libor will "head higher" and the spreads won't "compress anytime soon." Meanwhile, Goldman Sachs Group Inc. thinks Libor will reach a 3.6 percent by the end of 2019 — or about 270 basis points more than its current level. "We are inclined to think that the midsummer Libor pain has fully run its course, and three-month Libor could begin to set tighter against [Federal Reserve expectations as measured by the overnight index swap rate]," Deutsche Bank analysts led by Dominic Konstam wrote in a note published late last week. Complicating such forecasts is the vast array of moving parts involved in money markets. These range from the liquidity operations, currency swaps, and monetary policies of central banks, to the behavior of investors, bank treasurers, and money market fund managers. At TD Securities, analysts led by Priya Misra note that market pricing currently suggests an expectation that the spread between Libor and the overnight index swap (OIS) rate will begin to compress sharply following the October deadline. "Libor should continue to head higher due to impending money fund reform. After the deadline, we expect Libor to stay high," t