Member Info for JohnLewis79

Hit 5230 back in 2005, fifteen years of gains wiped out in a month. I dont remember the financial crisis of 2008 being as bad as this despite being much more serious with banks & insurances companies going under. US and UK banks are much better capitalised and only recently went through stress tests.
Hopefully the news out of China is accurate and the country is seeing the last of covid-19. Once supply chains start functioning again we should see mrkts regaining a sense of proportion.
A near 20% fall on the 100 this week so far is massively overdone as is the ytd 31% fall.

The Govt has slashed rates and is keen to support businesses to meet pay rolls and other costs if needed. Britain's small businesses are the lifeblood of the UK economy and must be kept open. Noone can call the bottom but we must be there or thereabouts now. Calls for 3000 on the ftse is a '29 style crash that led to the great depression. Does anybody seriously think that's where we are headed?

I for one do not. Companies will have a sticky couple Quarters perhaps through to year end but most are solid earners with access to funds if needed. In '29 nobody had any money and it took a war to get the US off it's back. It wont take much for mrkts to turn upwards and it could happen sooner than you think.
We dont have a JP Morgan to step in and 'buy the mrkt' so it will need some of the big London investment funds to start buying.
It's not as if there's no money about start spending some of that 'wall of money' we often hear is waiting on the sidelines.
Now might be a good time.

Now back to 2008!

£2.8bn to £240m since IPO not quite in the record books but not far off!
Dividend in serious trouble imo and it would be irresponsible at the current oil price to pay one.
The Co needs to cut capex and conserve as much cash as possible.

Ftse hammered again at open called 330+ down which would take the ftse down 2200 points (30%) off recent high all in the space of 1 month.
Last time the 100 was in the 5500 range was 2010.
Has the world come to an end?

Those oil hedges at Tull look right sick given current oil price
Ouch!!

Expect to see at the next all share mrkt cap review assuming no material change in sp's.....

No 490/679 Genel
No 530/679 Gkp

No 1 RDSA/B (£143bn)
No 679 Safestyle (£36m)

Covid-19

Total cases 126,380
China 80,796 +18
Total deaths 4364
China 3169 +11

Countries 124

Italy 12,426. (deaths 827)
SK 7869 +114 (66)
US 1329. (38)
UK 456 (8)

Summary:
Total cases 126,380
New cases 191
Total deaths 4634
New deaths 18
Recovered 68313

Seasonal flu deaths 94,875 this year.

US close:
DJ -1456 (23533) (6%)*
SP -141 (2741) (5%)
NS -392 (7952) (5%)
R2 -87 (1264) (6%)
MSCI(W) 474 (4%)

*DJI down 20.4% from 52wk high.
Ftse 100 down 24% from 52wk high.

Asia
TK -773 (4%)*
HK -896 (4%)
SH -52 (2%)
SK -75 (4%)

*Nikkei down 23% from 52wk high.

The nos:
Oil $34.31. Gold $ 1632.
Palm $613. Vix 54. $1.282
€ 1.135. PI 6284. FP 6621.
FF -265. DF -904.
Morning all.

To open better 65+ on back of rate cut Not so good across the pond the DJI some 600+ lower.

Cut rates to 0.025%....

The plunge in crude oil has hit the Indonesian biofuel programme as the blend needs to be considerably cheaper than gasoil. Currently the palm oil blend is as much as $200 a ton more expensive which makes it economically unviable. Rule of thumb is the blend needs to be priced c$120 a ton cheaper.

Low crude will increase economic burdens on countries which provide subsidies to their biofuel industry. The Palm Oil Plantation Management Fund Agency has been offering incentives to the biodiesel industry financed by levies on palm exports.
The Fund holds c.$1bn and will need to pay $200 a ton in subsidies to encourage the use of the fuel. Its thought Indonesia could support the blend for c.6 months.

Covid-19.

Total cases 119235
China 80783 +29
Deaths 4300
China 3158 +22

Summary:
Total cases 119235
New cases 312
Deaths 4300
New deaths 26
Recovered 66577

Countries 119

Italy 10149 deaths 631.
USA 1010 deaths 31
UK 383 deaths 6

Seasonal flu deaths 93522

Overnight in NY:
DJ +1167 (25018)
SP +136 (2882)
NS +394 (8344)
R2 +37 (1351)

Asia:
TK -402 (2%)
HK -214 (1%)
SH -20 (0.60%)
SK -62 (3%)

The nos: Oil $38.19.
Gold $1663. Palm $649.
Vix 47. $1.293. €1.139.
PI 6447. FP 6718.
MSCI(W) 491. FF -18.
DF -740.
Morning all.

A winning day for me at the graveyard of punters,(Cheltenham). A winner (15/2) and 4 seconds (11/4, 7/2, 4/6 & 7/1). Dont think I have visited the winning enclosure as often....ever!! Great to be having a free day with bookies money tomorrow.
Evening all.

Average price wks (1-10) $719. High ytd $820 low ytd $719.

Closed £71.25 on 38027 trades.
Current mrk cap of the ords £49.67m.

Covid-19
Summary.
Total cases 114430
New cases 68
Total deaths 4027
New deaths 19
Recovered 64089

Seasonal flu deaths this year 92130.

Asian mrkts are calm ignoring the panic mongers on the Street. Atm all Asia is blue.
TK+54
HK+450
SH+18
SK+1
Both ftse and Dow futures point to a solid 'up' start this morning the ftse +135 the Dow +750. Oil has put on 10% to $36.86.
Morning all.

US mrkts:
DJ -2014 (23851) 8%
SP -226 (2747) 8%
NS -625 (7952) 7%
R2 -136 (1313) 9%
Expect a bounce today.

No panic in Asia who see mrkts totally oversold.
TK +54
HK +454
SH +18
SK +1

The nos: Oil $36.87.
Gold $1667. Palm $649.
Vix 54. $1.307. €1.147.
PI 6407. FP 6744. MSCI(W) 515. FF +135.
DF +750.
Morning all.

Futures limit down 5% suspended.