I have been monitoring TED for a few months and decided to dip my toe in the water with an initial purchase this afternoon. Covid shutdown has caused it serious problems but the opening of retail should help a steady increase from these depressed levels. Current market sentiment may still result in some further slide but I believe this must be close to the bottom now
Fugazi, Indian virus may be out of control in India where only 3% of the population have been vaccinated but not so in UK. Recent studies show that the current vaccines are effective against Indian variant, so continuation of the vaccine programme is still our best path out of Covid. As a matter of interest, what would it take for you to actually have anything positive to say about IAG?
RE: Like RR today Marstons will recover fast!28 May 2021 13:00
I don't think you have missed the buying window just yet Jimster. There is no immediate news expected until year end trading update which based on 2020 dates should be during October. It would be very nice would be if that trading update included clear guidance about re-instatement of divs which would be a welcome addition to my SIPP earnings
RE: Like RR today Marstons will recover fast!28 May 2021 11:40
I'm with you jimster. Just bought another tranche at 92.7p based on expectations of continued strong performance following recent reopening of inside spaces. A bit of nice bank holiday weather would not go amiss to help things along!
I'm very surprised that China was not on the green list as they currently have very low covid risk and are an important business travel destination to boot. When the next revision of the green list is issued in 3 weeks I would expect China and also USA to be among those added and when that happens I would expect a significant re-rate from current SP.
I agree GB46. Boris and Sunak will want lots of staycations within the UK this year to help the domestic economy recover especially hotels and hospitality. In parallel to that business travel can restart so I expect travel corridors to include USA and other close trading partners.
And from the September RNS: "More definitive estimates of the range of reserves and resources will be made available in an updated CPR in Q1 2021" If the BOD wish to release the promised update before the market opens they have 23 mins left!
Averaging down may be an option for those with only a small initial investment, but for those like me that have a fairly significant (for me) investment at a high average, it could be throwing good money after bad. I'm sitting on my hands in the hope that the increased POO will result in much improved cash reserves, plus the potential for a significant re-rate should the results of the CPR be positive