focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Stockcity, agree with you the market is illogical. I too followed a similar thought process of thinking less restrictions, more travel therefore price should increase. I can only imagine how 'heavy' you are in, but if like me you can hold until end of year or even to next year I believe you/we should see a positive return on the investment. I am invested in RR (not RRx3) & iag plus other travel / leisure stocks which I intend to hold onto until next year. Hopefully the market will turn again soon. Covid cases will peak in the UK early to mid August, eu will follow a few weeks after but I cannot forsee any further national lockdowns (hospitalisations & deaths will be low). Things may get worse before they get better, hold on. GLA. LTH.
Story in the link below published 22 June 2021 mentions an update on the ITP sale. As that was a few weeks ago I would expect an announcement very soon. GLA.
https://www.proactiveinvestors.co.uk/companies/amp/news/952920
No need for a mass wipe out just yet, human fertility rates are falling. Researchers expect a human population peak of 9.7 billion in 2064 before falling back to 8.8 billion before 2100. What effects this will have remains to be seen. Have a nice weekend.
'Climate change isn’t about people producing too much CO2. It’s because there are too many humans in existence'.
I think the statement above maybe correct, sad but true. Exponential human population growth with finite planetary resources does not bode well for this planets human & other inhabitants. The planet earth will survive & lifeforms will likely evolve/adapt to exist on it, humans & other species will struggle until an equilibrium can be reached. Have a nice weekend.
Inferno, totally agree with you on the future prospects of IAG. The covid emergency in the UK is over, IMO. Unless a covid variant emerges which evades the current vaccines (which I guess is why the pcr tests are still needed) or a totally new virus emerges we are heading back to 'normal'. With the current high infection rates herd immunity in the UK is fast approaching, Euro 2020 & other large scale events will/are helping to achieve this, https://www.thenationalnews.com/world/uk-news/2021/07/07/herd-immunity-looms-as-nine-in-10-adults-in-uk-have-covid-antibodies/
I would be happy to see the SP >220 by Oct 21 & delighted if >250 is breached this year. LTH. GLA.
Sundezena, I think iag is down (or not as low as we would have been) because of Chinese regulator actions. Think the story below triggered a panic in the global markets.
China’s crackdown on technology companies is hitting the markets again today, amid concerns that the rebound in global growth may be fading.
Stock markets across Asia have fallen to a six-week low after Beijing sent shockwaves through global financial circles with plans to tighten restrictions on overseas listings of Chinese companies, as it puts its tech giants under much tighter scrutiny.
China’s CSI 300 index has fallen over 1%, while Hong Kong’s Hang Seng has tumbled 2.75%, helping to pull the MSCI’s index of Asia shares outside Japan down 1% to its lowest since late May.
An index of tech shares in Hong Kong (where several of China’s biggest online giants are listed) fell 3.75%, and has now slumped by almost 12% over the last seven sessions.
Livestock, I am not expecting a reciprocal UK/US corridor to open before late August or September. Really hope I am wrong on that. Best I am hoping for is an early July date for the amber quarantine exemption. 19th great, 26th is okay.mid to late August is no good & the industry will start redundancy procedures. GLA. LTH
SassaJ, all about the dates now. I suspect the travel sector drop may be pricing in a later rather than sooner time frame for the quarantine exemption (done deal). Hope I am a wrong, would like to see this above 200 in the near future. GLA, LTH.
Teddy100, what about inflation? Story below from Daily Telegraph.
'Infighting among oil producing nations pushed oil prices in New York to jump to their highest in over six years, as investors consider whether the UAE-Saudi dispute could escalate into a price war that could hamper the global economic recovery and add to inflationary pressures'
Is this the end of OPEC?, could this be the cause of the drop?
https://www.google.com/amp/s/www.cnbc.com/amp/2021/07/06/opec-saudi-arabia-and-uae-infighting-threatens-future-of-oil-group.html
Hopefully we will find out the date & details tomorrow, see link below. Seen a few dates mentioned over the past few weeks but nothing definite, e.g. 19th & 26th July, 2nd August.
https://www.google.com/amp/s/www.dailymail.co.uk/news/article-9760575/amp/Quarantine-free-travel-amber-list-countries-fully-jabbed-Britons-set-unveiled-TOMORROW.html
Found the comment below on the DM portal. Fingers crossed we get good news this week.
'Grant Shapps is working with the travel industry on 'amber list' quarantine rules for the double jabbed, with an update expected later this week.
An update on plans to axe school 'bubbles' for isolation is also due later this week.'.
Yes the UK narrative is beginning to change. Will it change swiftly enough to save the summer, I am not sure. Europe may be back on the radar but as RogueRiver said the US is in a bit of a mess with regards to vaccine status, i.e. Astra vaccine has still not been approved & because AZ have decided to apply for a full licence this may take months. Personally I am currently not invested, pondering a re-entry but lost a bit on the recent SP dip so am hesitant to do so atm.
Story below from The Sun newspaper (also in the Telegraph) . Be interesting to see if the Balaerics are placed in the amber list at the next review. Hopefully not but I am not confident.
'Ibiza and Majorca holidays are already at risk as Covid cases double in last 14 days.
Holidays to the Balearic Islands could already be at risk due to rising Covid cases.
The islands, which include Ibiza and Majorca, have been added to the green list today meaning Brits can visit without quarantining back in the UK.
However, the islands are on the green "watch list" meaning they could be added to the amber list at short notice.
Travel expert Paul Charles, founder of PC Agency, revealed that Covid cases on the island have doubled in recent weeks.
He wrote: "An emerging dilemma for the government - the Balearics, which join the green watchlist today, have seen their 14-day infection rate more than double in the last 10 days, to 84/100,000."
He added that while it was just one of the criteria used for determining the risk of a country, alongside genome sequencing and the variants, it could put the green destination at risk.
It comes just days after thousands of students were forced into isolation across Spain, after 850 tested positive in Majorca.
Portugal was removed from the UK's green list just three weeks after it was added, causing chaos for holidaymakers and soaring cases
Many holiday hotspots have also started restricted Brits due to the Delta variant in the UK.
Spain announced earlier this week that all UK arrivals must now be fully vaccinated or have a negative Covid test.
Spanish Prime Minister Pedro Sánchez confirmed that any Brits entering the country will be like the “rest of European citizens” which requires a negative Covid test or to be fully vaccinated, according to local media.'