Member Info for JohnLewis79

Had to switch off that full of himself Campbell on R5L this morning when interviewing a producer of peanut butter spread. The sales of which have overtaken jam fo the first time. His first question:
" it doesn't contain palm oil does it?"... Twat!

Decided to cut down on virus Country updates as they are becoming meaningless at this late stage of covid-19, saves me a bit of work as well. Will keep Uncle Sam, us and Indonesia & Malaysia for obvious reasons.

Covid-19
05:00
GMT

Total cases 9,188,362
China 83,418 +22
Total deaths 474,339
China 4634

Countries 213
(Selected)

USA 2,388,153 (122,610)
UK 305,289 (42,647)*
Indonesia 46,845 (2500)
Malaysia 8587 (121)

* 15 deaths yesterday
* 958 infections
* 4498 cases per 1m pop
* 628 deaths per 1m pop
* 8m total tests
* 118k tests per 1m pop

Summary
Total cases 9,188,362
New cases 7487
Total deaths 474,339
New deaths 855
Recovered 4.94m (54%)

Those two trades 5000 @65 were in limbo land for most of the day and looked to me to be Fridays.
Not that it made a happence worth of difference. Accurately registering trades seems too difficult for lse. I'm sure were not the only one to suffer but on such small deals you'da thunk?

The usual suspects took equities lower first thing today after directionless trading in Asia and Europe. .Banks, energy and industrials were sold off taking the Dow down 100 pre mrkt. Early company news saw Apple respond to broker comment and consumer techs Msoft, Mastercard, Visa & Pay Pal were all in demand. Selected big name retailers were on investors buy lists, Gap and Wallmart both up c.3%.

American Airlines took the sector down after announcing on Sunday night it needed to raise $3.5bn through equity sales ($750m) a ($750m) issue of 2025 convertible notes to improve liquidity. American said its cash burn was c.$40m a day. United, Delta & SW all off c.3% in sympathy. Leisure, Hotels, Resorts were all down on virus concerns and cruises took a 6% hit. Hertz still limping along unloved and unwanted lost another near 20% to $1.40 as shorts smash the stock ever lower ($1.37 after hours).
Virgin Galactic shot up 14% on news of a tie up with NASAs Johnson Space Centre regarding training of astronauts for future flights to the Final Frontier.

Virus news has been negative since the spike in Beijing 10 days ago though White House economic guru to Trump, Larry Kudrow said it was a little local difficulty and no 'second wave' is coming. Tell that to the 24 States reporting a surge of infections, some as high as 4000 daily and 36,000 total on Sunday. Regardless the mrkts choose to believe any upsurge of infections can be dealt with quickly so they can continue making money at ever higher highs.

The Dow bounced off an early 204 drop to trade just 40 lower by mid morning. Risers were the aforementioned techs, laggards Cat, Boeing, Amex and Walgreens. Nobody wanted corona stocks Novavax off 4%, Moderna 3% and Gilead lost 3%. The breakthrough vaccine as distant as ever. By mid'day the Dow was over the 26,000 level the Nsdq in record territory
(10,043) boosted by FAANGs, Apple at an intraday record $357 ahead of its WWDC event to be held completely on line. It's a beauty pageant for Apple to keep developers up to date on new systems and products. The Nsdq posted its 7th straight days gain for the year.
DJ +153 (26025)
SP + 20 (3118)
NS +110 (10056)
R2 +15 (1434)
WTI $40.60
10y/tb 0.705%

Nos: Oil $42.89. Vix 32.
Gold $1764. Palm $731.
$1.246. €1.106. IDR 14241
MSCI(W) 529. PI 6641.
FP 6589. FF +20. DF+20
Morning all.

Covid-19
05:30
GMT

Total cases 9,051,398
China 83,396 +13
Total deaths 470,795
China 4634

Countries 213
(Selected)
USA 2,356,657 (122,247)
Brazil 1,086,990 (50,659)
Russia 584,680 (8111)
UK 304,331 (42632)*
Spain 293,352 (28,323)
Italy 238,499 (34,634)
Germany 191,578 (8962)
France 160,377 (29,640)
Indonesia 45891 (2465)
Malaysia 8572 (121)

* 33 deaths yesterday
* 1221 infections
* 4484 cases per 1m pop
* 628 deaths per 1m pop
* 7•9m total tests
* 116k tests per 1m pop

Total cases 9,051,398
New cases 12,461*
Total deaths 470,795
New deaths 1191**
Recovered 4•84m (53%)

* 5343 Mexico
* 4471 Pakistan
* 870 Bolivia

** 1044 Mexico
** 89 Pakistan
** 33 Bolivia

Mrkts in Asia are quiet after the WHO reported 183,000 new cases of Corona-v globally. The US saw 30,000 new cases.
Most investors are sidelined waiting for direction caught between virus increases and businesse reopenings being hampered. Tokyo and Shanghai are slightly better HK & SK down to flat. Local issues are the main driver as Wall was indecisive on Friday.
China kept its 1 year prime at 3.85% and the 5 year rate at 4.65%. Oils were better, Brent $42.47 and WTI futures $40.00.
China has said it will stop importing pork from the US due to infection increases over there.
At 1:00pm JST
TK +78
HK -82
SH +8
SHZ +10
SK u/c

Nos: Oil $42.17. Vix 35.
Gold $1768. Palm $720.
$1.239. €1.106. IDR 14190
PI 6740. MSCI(W) 527.
10y/tb 0.694%. FF-27. DF -43.
Morning all.

Covid-19
05:00
GMT

Total cases 8,915,866
China 83,378 +28
Total deaths 466,728
China 4634

Countries 213
(Selected)

USA 2,330,578 (121,980)
Brazil 1,070,139 (50,058)
Russia 576,952 (8002)
UK 303,110 (42589)*
Spain 293,018 (28,322)
Italy 238,275 (34,610)
Germany 191,216 (8961)
France 160,093 (29,633)
Indonesia 45,029 (2429)
Malaysia 8556m(121)

* 128 deaths yesterday
* 1295 infections
* 4466 cases per 1m pop
* 627 deaths per 1m pop
* 7•7m total tests
* 114k tests per 1m pop

Summary
Total cases 8,915,866
New cases 7310*
Total deaths 466,728
New deaths 462**
Recovered 4.74m (53%)

* 4717 Mexico
* 1048 Honduras
* 1036 Bolivia

** 387 Mexico
** 31 Guatemala
** 25 Bolivia

Covid-19
0:800
GMT
Total cases 8,766,888
China 83,352 +27
Total deaths 462,706
China 4634

Countries 213
(Selected)
USA 2,297,338 (121,407)
Brazil 1,038,568 (49,090)
Russia 569,063 (7841)
UK 301,815 (42,461)*
Spain 292,655 (28,315)
Italy 238,011 (34,561)
Germany 190,660 (8960)
France 159,452 (29,617)
Indonesia 43,803 (2373)
Malaysia 8535,(121)

* 173 deaths yesterday
* 1346 infections
* 4447 cases per 1m pop
* 626 deaths per 1m pop
* 7•4m total tests
* 110k tests per 1m pop

Summary
Total cases 8,766,888
New cases 15,898*
Total deaths 462,706
New deaths 886**
Recovered 4.6m (52%)

* 6604 Pakistan
* 5030 Mexico
* 977 Bolivia
* 148 USA

** 647 Mexico
** 153 Pakistan

Cpo also had a good wk, a lot better than REA holders that's for sure. Adding $29 to $719 (ytd average of $651).
REA was flat on turnover of c.81,900 traded some 250,000 less than prev wk. I'm pretty sure as Summer progresses volumes will drop off considerably. Nothing for buyers to get excited about as the H/Y is still c.3 months away. No change of note in other London palm stocks.

Anyways hard slog or not
as long as cpo stays around current level that's going to be at least $120 better than '19 average for H1 (c.$531). Reason enuff to stay the distance here.

Dow jumps 182 at open led up by techs & oils as has been the case most of the week. Indexes are on course to post their 4th weekly gain in 5. Lots of V shaped recovery stories, retail, jobs, housing, mortgages and stocks give the bears little comfort who want to see an 'I' shaped slump in stocks.
Airlines started the day well all c.1% up, cruise companies were mixed to flat, Carnival after reporting a 2Q loss of $4.4bn was little changed at $19 and was unable to say when cruises would return to carrying passengers. The rest of the top 30 saw corona-profit taking knocking c 350 off early gains following the WHO reporting the virus had entered a new and dangerous phase with infection increases globally and in 20 plus US States. Apple got bit closing 11 shops in Florida due to the outbreak there shares off a touch to $349.72.

They 'heard the news today' and thought it rather sad, I grabbed my hat and made the tube in seconds flat....so said John Lennon (or words to) and traders took the hint leaving a slumping market caught flat by covid-19. Any negative virus news and that's a wholesale sell off by traders and an early ride home. Caught betwixt the witching hour and corona-v the S&P will rebalance today after $1.8tn of S&P options have expired. Financials one of the bigest sectors is likely to lose a % share in the 500 rebalance due to a 21% slump ytd and only 11/66 companies gaining ytd. Utilities will see an increase in 500 share.
Boeing, Oils, Nike and Coke closed at the bottom & Hertz fell 13% to $1.57 a 30% fall on the week. However despite all the contrary news the indices closed ahead for the 4th/5 last weeks.
DJ -208 (25871)
SP-18 (3098)
NS +3 (9946)
R2 -8 (1419)
WTI $39.80
10y/tb 0•694%
Morning all.

Cpo $709 first time since wk7 over $700. Crude oil rises make palm an attractive biodiesel feed stock. A rally in rival oils also supported the price.

Hi rugs, yea and will add if the sp drifts down to 60ish which I fully expect during the Summer months.

It's a Friday....so no change here and vols won't match last Fridays 56,000 shares, sp u/c 65.
Summertime blues and indigestion will see to that.
Lots of pis have had their fill here and moved on which in part accounts for the drop off in daily vols.

EU imports of biodiesel rose 6% in April supported by strong demand in the physical market to c.245kt down 39% on last year.
Netherlands the bigest importer of 114kt mostly from Argentina.
Imports from Indonesia traditionally one of the bigest suppliers fell to just 9000t (16,000t) due to domestic demand for B30.

Covid-19
04:00
GMT

Total cases 8,578,052
China 83,325 +32
Total deaths 456,284
China 4634

Countries 213
(Selected)

USA 2,263,651 (120,688)
Brazil 983,359 (47,869)
Russia 561,091 (7660)
UK 300,469 (42,288)*
Spain 292,348 (27,136)
Germany 190,126 (8946)
France 158,641 (29,603)
Indonesia 42,762 (2339)
Malaysia 8529 (121)

* 135 deaths yesterday
* 1218 infections
* 4427 cases per 1m pop
* 623 deaths per 1m pop
* 7•3m total tests
* 107k tests per 1m pop
* 14•3% fatality rate

Summary
Total cases 8,578,052
New cases 7688*
Total deaths 456,284
New deaths 709**
Recovered 4•5m (52%)

* 5662 Mexico
* 814 Bolivia
** 667 Mexico
** 18 Bolivia

All 3 major US futures indexes point to a substantial fall at the open. The Dow called down 170 the S&P 20 and the techs c.25. The recent virus spikes have set the tone even as Beijing says the recent surge is under control but they expect small lot flare ups to occur.
Early losses are expected among Airlines off 3%, Hotels and Cruises down 8% who have the toughest job of all, persuading discretionary spenders to part with their money aboard ship. Big inducements will be offered to get the industry up and sailing again.

Hertz the bankrupt car Rental Co, now on a life support machine is set to open off 10%. The Common last in the queue for any monies of which there will be none still attracts the deadhead gamblers, you really would think there are better punts out there. Hertz hit a low of $1.84 at open. Hertz admitted the stock might become worthless yet tried to offload 240m new shares, not exactly ethical was it?

Dow fell 216 at the bell before bottom fishers dived in taking the Dow back to level par by 11:00am. Cont strength in techs bolstered confidence, Apple posting an all time intraday record sp of $353. Oils topped the big board. Boeing, Cisco & Amex propping up the losers. Volumes were a healthy 156m traded at half time. Job loss nos came in higher than forecast at 1.544m. Some 48m have signed up for support to date. It's going to take a long time for job seekers to find full time employment if the economy cannot supply the means. Companies will start hiring again but the process will be slow given supply chain, demand worries and covid-19 infections. Germany reported a sudden outbreak of 657 new corona-v infections in a meat processing factory in Rhine-Westphalia. The local town of 7000 has been put into quarantine. Also California reported its highest ever daily cases total and Florida had 2600 new cases.
Friday is 'witching' hour where simultanneous expirations of stock options, futures & index options occur on the third Friday of the month every Quarter. This can cause considerable turbulence in the cash markets.
At close:
DJ -39 (26080)
SP +2 (3115)
NS +33 (9943)
R2 +1 (1427)
WTI $39.16
10y/tb 0•70%

Nos: Oil $41.80. Vix 33.
Gold $1774. Palm $702.
$1.242. €1.109. IDR 14147
PI 6700. FP 6603. MSCI(W) 528.
FF +12 . DF +23.
Morning all

Tapping the public mrkts for funds is one of the main benefits of a stock quote. Many rarely traded counters would be better off returning to the private sector as the costs of maintaining a quote and the myriad regulations outweigh any obvious benefits especially if the Co is a non dividend payer.
One certain drawback is as a private co they can do as they please and as a holder you might be last in the pecking order to receive information and Co accounts. You also might be obliged to put your hand in your pocket. An obvious benefit is much less scrutiny allowing the management to take on more risk.

Listing on NYSE can be over $100,000 depending on size and the strict criteria to even apply. The UK prefer to keep prying eyes away when it comes to costs of entry. Easy Hotel has recently taken the private route taken over by a consortium. Holders recd a 20% premium for their shares. Whether any holders remained with the new owners I dont know but I doubt it. On balance I suspect most invstrs prefer being able to trade their shares which might be difficult in a private concern if you couldn't find a match and needed cash quickly.

If your shares are going nowhere on the public mrkts theres no g'tee they would suddenly blossom under privat ownership.
Your investment value would be calculated by an outside agency thereafter it would be up to you to seek a buyer or seller. At least that's the way I understood the process. Unfortunately my blood thing never made it to the first AGM as a private Co leaving holders High'n Dry so was unable to test the methodology. What I can tell you is I didnt hear anything for 18 months from the Co before its demise. Better the devil you know eh?

Covid-19 fears and the spike of infections is keeping investors on the sidelines. In these frenetic mrkts it's the safest strategy.
Australia reported some shocking jobless nos now surpassing 835,000 to date and 7% of the workforce, it would have been nearer 9% had recent laid-offs signed on.
At 2:20pm JST
TK -80
HK -78
SH +2
SHZ +3
SK -4
ASX -54

Ftse called down 50 at open, the Dow 156.

Covid-19
04:00
GMT

Total cases 8,400,270
China 83,293 +28
Total deaths 451,265
China 4634

Countries 213
(Selected)
USA 2,234,471 (119,941)
Brazil 960,309 (46,665)
Russia 553,301 (7478)
UK 299,251 (42,153)*
Spain 291,763 (27,136)
Italy 237,828 (34,448)
Germany 190,179 (8927)
France 158,174 (29,575)
Indonesia 41,431 (2276)
Malaysia 8515 (121)

* 184 deaths yesterday
* 1115 infections
* 4409 cases per 1m pop
* 621 deaths per 1m pop
* 7•1m total tests
* 104k tests per 1m pop

Summary
Total cases 8,400,270
New cases 7174*
Total deaths 451,265
New deaths 813**
Recovered 4•4m (52%)

* 4930 Mexico
* 802 Bolivia
* 643 Honduras
* 59 S.Korea

** 770 Mexico
** 20 Bolivia