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Make your mind up Toff, brokers are morons one minute but then you have time to read and publish on a BB.
“This broker coverage on Centrica today exemplifies just how inadequate brokers are.
As an ex-trader I learnt that these morons follow the shareprice - not vice-versa.
Think about it - the shareprice is 32p and all of a sudden they halve the target price from £1 to 50p - to make it appear like they’re in touch. Brokers have human faces - they’re people like you and me - and from what I’ve seen of them they’re mostly obtuse bean- counters - dreary analysts- if they had a modicum of talent they wouldn’t be doing that job - they’d be making fortunes trading.
When Debenhams went bankrupt about 12 months ago two brokers rated it as a strong buy. “
the Dunning–Kruger effect is a cognitive bias in which people with low ability at a task overestimate their ability. It is related to the cognitive bias of illusory superiority and comes from the inability of people to recognize their lack of ability.
Some recovery following FTSE 100 crash, but is there more to come?
BT share prices sank as low as 107.3p on 12 March, levels not seen since the financial crisis of 2008. The telecom giant recovered from that recession, posting steady growth to trade close to £5
South African President Cyril Ramaphosa extended a national lockdown to curb the spread of the coronavirus by two weeks until the end of April as infections continue to mount.
“There is sufficient evidence to show the lockdown is indeed working,” with the rate of new infections slowing, Ramaphosa said Thursday in a televised address. “Unless we take these difficult measures now, unless we hold this course a little longer, the coronavirus pandemic will engulf, and ultimately consume, our country.”
Companies across Britain, big and small, have been forced to turn to the government to pay their staff as the pandemic cuts through vast swathes of the economy. BT said it would not need the scheme and would pay all staff for at least three months.
Telecommunications companies should be more robust than most during the economic and social turmoil created by the coronavirus pandemic. While several consumer demands have reduced, the desire for connectivity has surged.
Policies of social distancing have placed a greater emphasis on mobile and broadband networks. This logic indicates that BT Group (BT.A) and Vodafone (VOD) should be among the stronger performers on the FTSE 100 as the pandemic runs its course.
Potash gets tougher for BHP and Anglo American
Potash or dividends? At its simplest that is the challenge for BHP and Anglo American as they both try to enter a tightly-controlled industry at the same time, leaving shareholders to worry about whether the bold expansion moves will affect their dividends.
The diamond industry faces a reckoning, with mines and processing centers closed due to the coronavirus pandemic and demand threatened by a looming global recession.
Market leader De Beers, a unit of Anglo American PLC, has canceled a diamond auction, its third planned for this year, after its second auction ended in early March with sales down 28% from last year's event.
The EFF said the move lacked consideration for the safety and lives of workers.
“This action by Anglo American really shows no remorse nor safety towards our people, who are expected to travel and be on duty during the lockdown,” said EFF provincial secretary Shadrack Tlhaole.
“These employees have families and relatives, and by taking the risk to go out to work there could be infections [of] all those surrounding them.
“If we cannot be allowed to attend funerals of our own mothers and fathers, how does Kumba expect our people to risk their lives with production shifts that can be adjusted in the future?”
Anglo American is yet to respond to questions sent at midday on Monday.
Anglo American PLC on Tuesday priced a series of notes as part of the miner's senior notes offering.
The company will issue USD750.0 million notes carrying an interest rate of 5.375% and due in 2025 and USD750.0 million notes at 5.625% due 2030.
Desperate attempt to save cash.
The De Beers Group spent more on marketing than it received back in profits last year.
In 2019, the diamond giant invested $178 million (£138m) in marketing – the highest it has been in a decade – to help drive consumer demand.
During the year, however, De Beers posted its worst set of earnings since miner, Anglo American, bought it in 2012.
De Beers has closed its stores in London, Paris, the US, Canada, Russia, Kazakhstan, Malaysia and Saudi Arabia until further notice due to the ongoing pandemic.
JOHANNESBURG (Reuters) - Anglo American Platinum said on Monday it had declared force majeure on certain supplier contracts not considered essential as the bulk of its South African operations are temporally shut to comply with a three-week national lockdown.
South Africa, where most of the world’s platinum is mined, started a 21-day mandatory restriction on the movement of its population on March 26 as it battles the spread of coronavirus.