Member Info for Corvidae

37.5p by 31st March.

Next support is at 37.5p March 2012. This is where we are now heading. I personally was hoping it was going to hold at the 47p support but we’ve broken that now. If this goes much lower then I’ll run out of money to keep topping up. Great for those out there that have surplus cash though to keep buying in. Always new I was in for the long hold but this is definitely going to be long long long now.

The BBC has announced that the Bank of England now monitoring situation with a potential announcement this week to ease interest rates. Government May announce Tax reductions.
Can’t see this rising today on this news or many others.

Interest rate to drop by 0.25% maybe . Hmmm......

https://www.bbc.co.uk/news/business-51700935?fbclid=IwAR0B3sYfFojSj-Cm4QRg23BdmXnzZ619ABbBSvAeHkH2Ix3yB0vcT7bIqrU

One company that’s benefiting in all of this MRNA. They are currently in the lead for a vaccine and have started clinical trials but the earliest that they are estimating having it available to the public is February next year. I wonder if we’ll have another outbreak towards them end of the year/beginning of 2021.

https://www.google.com/amp/s/www.bostonglobe.com/2020/02/28/business/cambridge-biotech-moderna-leads-race-coronavirus-vaccine/%3foutputType=amp

As I said on Friday. This is currently delayed until we know what’s happening with the Corona Virus. The vaccine at the moment won’t be available until February next year at the earliest and MRNA are currently the leaders in this.Bacanora RNS; Like many companies in China, Ganfeng's operations, have been impacted by the outbreak of coronavirus. Precautions to limit the spread of the virus has led to travel restrictions, precautionary working from home and the extension of the Lunar New Year holiday break causing shutdowns at their facilities. At the time of reporting, these measures may continue for some time to come. This in turn will have an impact of the completion of Ganfeng's review, which is now expected within the next 6 months.

I believe the development will be put on hold until later next year which is probably why it’s taking a hit. If I’m wrong in March and they don’t say they are delaying then I’ll stand corrected. Once markets realise the full impact of what’s happened to the Chinese/Global economy investments will drop further. Waiting to buy back in as we haven’t hit the low. It’s all about timing.

Germany declares corona epidemic.

Coronavirus news – live: Government ‘fears 80% of country could be infected’, as deadly outbreak sweeps Europe amid looming pandemic.

https://www.google.com/amp/s/www.independent.co.uk/news/health/coronavirus-news-live-uk-italy-spain-outbreak-us-symptoms-cdc-update-a9359521.html%3famp

This hasn’t reached the bottom and we haven’t felt the full impact of the China situation on the global economy. We could be looking at 2/3months before the full impact is realised. If it goes to 50p I we will be buying more though.

Boomer
Pricing of EVs is certainly an issue and will be interesting to see if they come below the £20000 price bracket that the cheapest EV is currently at. As for world catastrophes who knows what and if they will happen.

It certainly could impact policy but my personal view is that there will be those that continue to repair and fix older combustion vehicles probably for another 30 years plus and the younger generation who choose for many different reasons to go for EVs. None of this is going to happen over night but it will happen. Infrastructure for those in rural areas is a major issue which needs to be solved.

Great for the car industry if everyone suddenly rushes to buy combustion engine vehicles before 2035 deadline. Theres a belief in the lithium sector that the deadline will be brought forward to 2030. May not be great for those having to spend money on cars but I see panic setting in and this will be great for manufacturers and anyone involved or connected with the car industry.

https://www.ig.com/uk/news-and-trade-ideas/domestically-focused-lloyds-and-rbs-well-positioned-to-see-share-200207

The two domestically-focused UK lenders are well positioned to see their shares make gains in 2020, with the UK economy showing early signs of a pick-up in growth.

Interesting figures/delayed figures of buys. Someone is throwing money at Lloyds shares...03-Feb-20 17:43:14 56.55 234,330 Buy* 56.50 56.54 132.51k O 03-Feb-20 17:32:12 56.55 2,098,697 Buy* 56.50 56.54 1m O

https://www.fool.co.uk/investing/2020/02/03/forget-cash-isas-i-think-the-lloyds-share-price-is-a-better-buy/
The best interest rate for a flexible Cash ISA on the market at the moment is a pretty dismal 1.31%. The good news is, savers don’t have to accept this low level of income. Indeed, most FTSE 100 stocks offer higher dividend yields. Lloyds Bank (LSE: LLOY) is just one example.

Income investing

Lloyds is the UK’s largest mortgage lender, and it’s rapidly becoming one of the FTSE 100’s top income stocks. Over the past decade, the group has transformed itself from a basket case that required a state bailout, into one of the most profitable banks in Europe.

Surely the share price will improve as branches close and money is saved on the cost of leases etc
Lloyds banking group announced on Wednesday the closure of 31 Lloyds, 10 Halifax and 15 Bank of Scotland branches scheduled for between April and October of 2020.

These are the first closures to be announced since August 2019, when the lender closed twelve Lloyds Bank branches and three Halifax branches. The closures meant the reduction of up to 18 roles.

As a result of the closures, Lloyds said it expected the overall level of staff reductions to be under 80 (full-time equivalent) as many of the staff were expected to be redeployed to other branches.

Mr James give me a break, no need mate.

davetherave1 yes I know what you mean and could guess all day as to the reasons. Going to shut up now and just watch. All the best.

Thanks jayblu48. I was just hoping to read it the full article.

Tivman. I did sell out and lost a bit made it back up yesterday on other trades with everything that’s been happening globally but I still like and believe in this company which is why I’m keeping a close eye on it. I know news be it positive or negative is not far away. If it’s good news then I’d like to jump back in but not because people are pumping and dumping. I watch this share continuously as well as others on a daily basis. I do hope the best for BCN it’s just got along way to go. No different to that I wish all the best to those in Sirius...