Member Info for hey_arnold

Before we reach the Dec lows.

If enough share holders vote no, then what happens here?

Just bought into this on the expectation of a revised offer given the news around Cripsin Odeys fund trying to increase the bid price.

Shame the bounce wont be sustained :(

There is that cheeky 2% i was talking about :)

Commodities are poised for a sell-off once they price in the disruption to global supply chains due to the corona virus, Goldman Sachs has said.

The virus has created the “largest disruption to commodity-related activity” since the financial crisis yet commodity prices have risen on hopes of stimulus, according to the bank’s analysts.

“The promise of stimulus has led to commodities acting like equity markets, in our view, ignoring the physical realities of the disruption today,” said analyst Jeff Currie.

Goldman said supply and demand is “out of balance in nearly every market” and it expects “significant downside risks to commodity prices” before Chinese stimulus later this year.

"The recent rally however, is overdone," it said.

In contrast, gold is likely to rise to $1,750 a troy ounce as investors look for portfolio diversification, Goldman said. If the disruption from the virus stretches on into the second quarter, it could go even higher to $1,850, the bank said.

Mr Currie added:

The bottom line is we still see gold as a strategic allocation to protect a portfolio from geopolitical risks such as the current outbreak, de-dollarization and negative real yields.

I guess this is an easy short given how poorly the market views TLW currently combined with Corona looking like it could affect Asia worse than expected.

We all have three options, sell, hold or buy more.

Depending on how easily we move through 39, will determine whether I sell up and try and buy back cheaper. I am still happy to own this stock on a 2 year view though.

1.5% above the Dec low.

WTI and Brent front month are both down 1.5%

All the oil stocks are getting hammered. Look at the large caps like BP a

If you look on a chart from the initial December bounce it has been completely one direction since then

Could probably make a percent or two from current level if you buy now for a trading profit.

Yes it will be interesting to see if there are any buyers at sub 40? If not then im pulling the plug.

Tony please could you share the link for the bond price of TLW, i lost it. Thanks

Yes I agree Tony, its nice to see a rise in the bonds, but how do we know its company specific?

Someone already mentioned this but I think a lot of these funds just opportunistically jump on the bandwagon. They see its dropped x% in a short space of time and then target it.

Its hard to watch.

Another "new" entrant.

Fund % short change Date changed
BlackRock Institutional Trust Company, National Association 0.99% -0.05% 14 Feb 2020
Citadel Advisors LLC 0.51% 0.0% 18 Feb 2020
Key Group Holdings (Cayman), Ltd. 1.29% 0.13% 12 Feb 2020
ODEY ASSET MANAGEMENT LLP 0.87% 0.48% 23 Jan 2020
Squarepoint Ops LLC 0.90% 0.02% 19 Feb 2020
Total 4.56%

So you are £415 out of pocket? thats annoying !

np